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Director Risk Analytics Jobs in Illinois (NOW HIRING)

Bank of Montreal

Manager, Risk Appetite

Chicago, IL · On-site

$74K - $138K/yr

Data Analytics & Reporting Role Summary The Manager, Enterprise Risk Appetite (ERA), is an individual contributor role within Enterprise Risk Management. The position reports to the Director, Risk ...

BMO Financial

Senior Manager, Risk Appetite

Chicago, IL · On-site

The position reports to the Director, Risk Appetite, in the Risk Appetite & Portfolio Management ... Ability to analyze complex information deeply and derive meaningful insights. * Attention to detail:

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

... direct exposure to senior leadership, and the ability to influence both day-to-day trading ... Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios

inlandgroup

Director of Risk Management

Oak Brook, IL · On-site

Reporting directly to the Chief Risk Officer, EVP , the Director of Risk Management will oversee ... Conduct comprehensive risk assessments and enterprise risk analysis , identifying exposures and ...

inlandgroup

Director of Risk Management

Oak Brook, IL · On-site

Reporting directly to the Chief Risk Officer, EVP , the Director of Risk Management will oversee ... Conduct comprehensive risk assessments and enterprise risk analysis , identifying exposures and ...

PremiStar

Risk Manager

Deerfield, IL · On-site

Reporting jointly to the Controller and Director of Safety, this role serves as a strategic partner ... Analyze claim frequency, severity, lag time, and emerging loss trends to drive corrective action ...

CC Industries

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

Develop and direct production of reports and analyze financial results of the risk management program. * Develop training programs on insurance and risk management issues. * Spearhead risk management ...

Henry Crown & Company

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

Develop and direct production of reports and analyze financial results of the risk management program. * Develop training programs on insurance and risk management issues. * Spearhead risk management ...

Fox Rothschild

Risk Mitigation Analyst

Chicago, IL · On-site

... as directed by the Risk Mitigation Research Manager. ADDITIONAL FUNCTIONS: * Support special ... Experience using AI-assisted research tools or analytics platforms preferred. Knowledge, Skills ...

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Showing results 21-40

All JobsRisk Analytics JobsDirector Risk Analytics JobsDirector Risk Analytics Jobs in Illinois

Director Risk Analytics information

See Illinois salary details

$10.7K

$137.6K

How much do director risk analytics jobs pay per year?

As of Aug 11, 2026, the average yearly pay for director risk analytics in Illinois is $136,644.00, according to ZipRecruiter salary data. Most workers in this role earn between $136,600.00 and $136,600.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a director risk analytics?

To thrive as a Director of Risk Analytics, you need deep expertise in quantitative analysis, risk management frameworks, and a relevant advanced degree such as a master's or PhD in finance, mathematics, or statistics. Familiarity with risk modeling tools, statistical software (like SAS, R, or Python), and regulatory compliance systems is typically required. Outstanding leadership, strategic thinking, and effective communication skills distinguish top performers in this role. These capabilities are crucial for accurately assessing risk, leading analytical teams, and supporting informed decision-making across the organization.

What does a director risk analytics do?

A Director of Risk Analytics leads a team responsible for identifying, assessing, and mitigating risks that could impact an organization's financial health or operations. They use data analysis and statistical models to evaluate potential threats, develop risk management strategies, and report findings to senior leadership. This role often collaborates with other departments to implement risk controls and ensure compliance with industry regulations. Additionally, the Director of Risk Analytics stays updated on emerging risks and adapts analytics frameworks accordingly to protect the organization.

How does a director risk analytics typically collaborate with other departments within an organization?

A Director of Risk Analytics frequently works cross-functionally, partnering with departments such as finance, compliance, IT, and operations to identify, assess, and mitigate risks. This role often leads discussions with business leaders to understand strategic objectives and develop data-driven risk management solutions. Effective collaboration ensures that risk policies are aligned with organizational goals and that analytics insights are integrated into decision-making processes across the company. Regular meetings, presentations of risk reports, and joint projects are common ways this collaboration is achieved.

What is the difference between Director Risk Analytics vs Risk Analyst?

AspectDirector Risk AnalyticsRisk Analyst
Required CredentialsBachelor's/Master's in Finance, Economics, or related; often certifications like FRM or CFABachelor's degree in Finance, Economics, or related; certifications like FRM or CFA are a plus
Work EnvironmentStrategic leadership, overseeing teams, high-level decision makingData analysis, risk assessment, reporting
Employer & Industry UsageFinancial institutions, insurance companies, large corporationsFinancial firms, banks, investment companies

The main difference between a Director Risk Analytics and a Risk Analyst lies in their level of responsibility and scope. Directors focus on strategic risk management, leading teams and making high-level decisions, while Risk Analysts handle data analysis and risk assessment tasks. Both roles require similar credentials, but the Director role involves more leadership and strategic planning.

What are the most commonly searched types of Risk Analytics jobs in Illinois? The most popular types of Risk Analytics jobs in Illinois are:
What are popular job titles related to Director Risk Analytics jobs in Illinois? For Director Risk Analytics jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Director Risk Analytics jobs in Illinois look for? The top searched job categories for Director Risk Analytics jobs in Illinois are:
What cities in Illinois are hiring for Director Risk Analytics jobs? Cities in Illinois with the most Director Risk Analytics job openings:
Director Risk Analytics jobs near you

Manager, Risk Appetite

Bank of Montreal

Chicago, IL • On-site

$74K - $138K/yr

Full-time

Medical, Life, Retirement

Posted 12 days ago

Job description

Application Deadline:
08/14/2026
Address:
320 S Canal Street
Job Family Group:
Data Analytics & Reporting
Role Summary
The Manager, Enterprise Risk Appetite (ERA), is an individual contributor role within Enterprise Risk Management. The position reports to the Director, Risk Appetite, in the Risk Appetite & Portfolio Management team under Enterprise Risk, and ultimately the Chief Risk Officer (CRO).
This position is an individual contributor role focused on supporting specific workstreams and major components of the Risk Appetite Program as listed in the "Key Responsibilities" section below.
Key Responsibilities
The responsibilities below reflect the overall activities performed within the Enterprise Risk Appetite Program. The individual in this role will not be expected to execute every activity; instead, they will support selected workstreams and activities based on team priorities, experience, and development goals.
Risk Appetite & Risk Metric Program Support
  • Contribute to the design of Risk Appetite requirements across setting, measurement, monitoring, breach management, action planning, and reporting.
  • Assist in documenting requirements in policies, standards, and procedures.
  • Assist in defining accountabilities and responsibilities across the three lines of defence.
  • Support integration of Risk Appetite with strategic planning, capital planning, and risk identification programs.
  • Assist in defining how Risk Appetite integrates across organizational levels.
  • Help distinguish metric types in documentation and tools.
  • Contribute to tool, template, and guidance development for consistent execution.
  • Provide stakeholder coordination across first, second, and third lines of defence.

Metric Identification, Design & Development Support
  • Support maintenance of a comprehensive set of risk metrics spanning key risk categories.
  • Assist with metric definition, calibration, and limit-setting.
  • Work with SMEs to support metric development and documentation.

Oversight & Challenge Support
  • Support adherence monitoring for policies, standards, and procedures.
  • Assist in ensuring consistent program execution across risk types and business units.

Program Implementation & Execution Support
  • Assist with coordinating the annual refresh of qualitative statements and quantitative metrics.
  • Assist with communication of Risk Appetite to Business Group Heads and CROs.
  • Prepare assigned sections of quarterly reporting to Senior Management and governance committees.
  • Support development of documentation related to breaches and action plans.
  • Maintain components of the central repository of Risk Appetite materials.

What We're Looking For
  • Experience: Proven experience in Risk Appetite and or Metrics Program building, Metrics Identification and Development and risk management.
  • Expertise in Risk Management: Strong understanding of Risk Management and Risk Governance at large, complex financial institutions, including the Risk Management Lifecycle and key risks including credit, market, operational, regulatory/compliance, etc.
  • Quantitative Skills: Ability to work with and interpret large data sets; experience in quantitative analysis pertaining to credit risk, market risk, liquidity risk, and or non-financial risks; understanding of Data Management and Risk Data Aggregation and Risk Reporting requirements.
  • Communication and Relationship Management: Excellent skills to present complex findings and manage relationships to influence widespread change.
  • Independence: Ability to work independently and lead activities.
  • Intellectual curiosity: Natural drive and ability to become a subject matter expert on relevant topics.
  • Execution mindset: Ability to produce high-quality work products within defined timelines.
  • Critical thinking and ability to synthesize: Ability to analyze complex information deeply and derive meaningful insights.
  • Attention to detail: Ability to ensure exceptionally high-quality work products.

Qualifications
  • Typically 5-7 years of relevant experience and post-secondary degree in a related field, or an equivalent combination of education and experience.
  • In-depth knowledge of business and regulatory environment.
  • In-depth knowledge and experience with risk policy frameworks and testing frameworks (e.g., SOX 404, COBIT, COSO).
  • Deep technical knowledge gained through education and business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem-solving skills - In-depth.
  • Influence skills - In-depth.
  • Data-driven decision making - In-depth.

Salary:
$74,000.00 - $138,000.00
Pay Type:
Salaried
The above represents BMO Financial Group's pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.
To find out more visit us at http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
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About BMO

Sourced by ZipRecruiter

BMO, or Bank of Montreal, is one of the biggest multinational banking and financial services corporations in North America. Developed in 1817, BMO's American headquarters are located ideally in Chicago, Illinois while its main world headquarters are situated in Montreal. The bank operates in a multitude of sectors including personal and commercial banking, wealth management and investment banking products and solutions. Over the years, BMO has been recognized for its commitment to doing what's right for its customers, employees, and society.

Industry

Banking and credit intermediation

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US

Social media

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