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Commercial Risk Management Jobs in Chicago, IL (NOW HIRING)

Pernix Group, Inc.

Commercial Manager

Lombard, IL · On-site

Coordinate with the procurement and legal functions to review subcontract terms and conditions for commercial risk prior to award. Change Management & Claims * Lead the company's change management ...

Pernix Group, Inc

Commercial Manager

Lombard, IL · On-site

Coordinate with the procurement and legal functions to review subcontract terms and conditions for commercial risk prior to award. Change Management & Claims * Lead the company's change management ...

Equinix

Senior Commercial Manager

Chicago, IL · On-site

Pro‑actively lead all commercial risk management efforts including commercial audits, contingency analysis and management * Prepare and oversee monthly cost reports for budget, cashflow, risk and ...

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All JobsCommercial Risk Management JobsCommercial Risk Management Jobs in Chicago, IL

Commercial Risk Management information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do commercial risk management jobs pay per year?

As of Sep 15, 2026, the average yearly pay for commercial risk management in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

What is the difference between Commercial Risk Management vs Insurance Underwriter?

AspectCommercial Risk ManagementInsurance Underwriter
CredentialsCertifications like CRM, ARM, CPCU often preferredProfessional designations such as CPCU, ARM, or FCAS common
Work EnvironmentCorporate offices, client meetings, risk assessment teamsInsurance companies, underwriting departments, risk analysis teams
Industry UsageUsed across various industries to mitigate business risksPrimarily within insurance companies to evaluate policy applications

Commercial Risk Management focuses on identifying and mitigating risks for businesses across industries, often working directly with clients. Insurance Underwriters evaluate insurance applications to determine coverage and premiums. While both roles involve risk assessment, Commercial Risk Managers have a broader scope, whereas Underwriters specialize in insurance policy evaluation.

Is commercial risk management a profitable career?

Commercial risk management is generally a well-paying career, especially for professionals with specialized skills, certifications, and experience. Salaries can vary based on industry, location, and level of responsibility, but it is considered a financially rewarding field for those with strong analytical and risk assessment abilities.

What does a commercial risk management do?

A commercial risk management professional identifies, assesses, and mitigates risks that could impact a company's financial performance or operations. They analyze market conditions, contractual obligations, and industry trends to develop strategies that minimize potential losses. Strong analytical skills and knowledge of risk assessment tools are essential in this role.

What are popular job titles related to Commercial Risk Management jobs in Chicago, IL?

For Commercial Risk Management jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Commercial Risk Management jobs in Chicago, IL look for?

The top searched job categories for Commercial Risk Management jobs in Chicago, IL are:

Commercial Risk Management jobs near you
Infographic showing various Commercial Risk Management job openings in Chicago, IL as of September 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

Risk Management - Credit Officer - Senior Associate

Chicago, IL • On-site

JPMorgan Chase & Co
Finance and Insurance • 10K+ employees
Learn more about JPMorgan Chase & Coexternal

Full-time

Medical, Retirement

Re-posted 20 days ago

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

Job description

Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgment to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Credit Officer Senior Associate within the Credit Risk team, you will evaluate and identify risks and interpret data to support management in making well-informed credit decisions on multifamily commercial real estate loan requests. You will operate in a dynamic, high-volume, and fast-paced environment, analyzing loans ranging from $1 million to $25 million+. You will be part of a highly collaborative team that prioritizes learning, professional development, inclusivity, and mentorship.

Job Responsibilities

  • Oversee all aspects of credit analysis on loans secured by multifamily and other types of commercial real estate
  • Evaluate and manage risks in each transaction
  • Build and maintain strong relationships with internal business stakeholders including sales, processing, closing, and legal
  • Apply relevant policies, standards, procedures, and regulatory requirements to all credit analysis activities
  • Apply data analysis techniques to interpret results and provide insights and recommendations to management
  • Serve as a technical expert in addressing inquiries and resolving system-related issues specific to credit risk analysis and management tools
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge 
     

Requiredqualifications,capabilities,andskills

  • Bachelor's degree in a business or finance concentration
  • 3 years of experience in commercial real estate lending or 5 years of other banking or finance experience
  • Thorough understanding of multifamily real estate property valuations and cash flow analysis
  • Strong financial analysis skills, including evaluating property cash flows, property valuation, and personal financial statements
  • Ability to manage competing priorities effectively in a collaborative, high volume environment while maintaining  attention to detail
  • Excellent verbal and written communication and problem-solving skills
  • Ability to prioritize, plan, and manage processes to complete credit analysis and other assignments as needed
  • Familiarity with regional commercial real estate markets and municipal regulations
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems

Preferred qualifications, capabilities, and skills

  • Advanced degree in a related field or real estate coursework
  • Experience as a loan underwriter in commercial real estate and agency lending (e.g. Fannie Mae or Freddie Mac)
  • Experience with proprietary credit risk management tools.
  • Experience with large language model tools
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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