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Financial Risk Analyst Jobs in Illinois (NOW HIRING)

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

The Risk Management Policy Analyst will be responsible for leading efforts to shape risk management ... Bachelor's degree in economics, finance, political science, or related field. * Possess strong ...

blueStone

Senior Financial Analyst

Glenview, IL · On-site

$84K - $105K/yr

The role will be centered on providing analytical support in broad capital structure and financial risk management topics as well as international liquidity, investments and global bank account ...

IMC

Experienced Risk Manager

Chicago, IL

Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios ... in financial risk management, quantitative risk, or a related front-office risk function

Chicago Public Schools

The Office of Finance maintains the fiscal integrity of Chicago Public Schools (CPS) and provides ... Reporting to the Risk and Insurance Manager, the Risk and Insurance Analyst assists in the ...

Wedbush Securities

Analyst, Risk Monitoring

Chicago, IL · On-site

$68K - $89K/yr

We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures ... Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ...

Wedbush

Analyst, Risk Monitoring

Chicago, IL

$68K - $89K/yr

We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures ... Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ...

Orion

Senior Privacy & AI Risk Analyst

Mundelein, IL · Hybrid

As a Senior Privacy & AI Risk Analyst, you will be expected to spearhead privacy initiatives and ... Has a minimum of 5+ years of experience in financial compliance, risk, privacy or anti-money ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios ... Since 1989, we've been a stabilizing force in financial markets, providing essential liquidity upon ...

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All JobsFinancial Risk Analyst JobsFinancial Risk Analyst Jobs in Illinois

Financial Risk Analyst information

See Illinois salary details

$37.3K

$85.4K

$114.3K

How much do financial risk analyst jobs pay per year?

As of Aug 16, 2026, the average yearly pay for financial risk analyst in Illinois is $85,381.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,800.00 and $107,100.00 per year, depending on experience, location, and employer.

What does a financial risk analyst do?

A Financial Risk Analyst identifies and assesses potential risks that could affect a company's financial health, such as market fluctuations, credit issues, or operational losses. They use quantitative techniques, financial modeling, and data analysis to forecast potential risks and recommend strategies to mitigate them. Their work helps organizations make informed investment decisions, comply with regulations, and protect assets. Financial Risk Analysts often work in banks, investment firms, insurance companies, and corporate finance departments.

What are the key skills and qualifications needed to thrive as a financial risk analyst, and why are they important?

To thrive as a Financial Risk Analyst, you need strong analytical skills, a solid understanding of finance and statistics, and typically a bachelor's degree in finance, economics, or a related field. Familiarity with risk modeling tools, financial software like Excel, MATLAB, or Python, and certifications such as FRM or CFA are highly valued. Attention to detail, problem-solving abilities, and effective communication help analysts present complex risk findings clearly and work well in teams. These competencies are essential for accurately assessing potential risks, supporting sound decision-making, and safeguarding an organization's financial stability.

What are some common challenges faced by financial risk analysts in their daily work, and how can they be addressed?

Financial Risk Analysts often deal with rapidly changing market conditions and large volumes of complex data, which can make accurate risk assessment challenging. Staying updated with regulatory changes and effectively communicating risk findings to stakeholders with varying levels of financial knowledge are also frequent hurdles. To address these challenges, analysts typically use advanced risk modeling tools, participate in ongoing training, and collaborate closely with other departments such as compliance and trading. Building strong analytical and communication skills is key to navigating these demands successfully.

What is the difference between Financial Risk Analyst vs Credit Analyst?

AspectFinancial Risk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CFABachelor's degree in finance, economics, or related field; certifications like CFA often preferred
Work EnvironmentFinancial institutions, investment firms, corporate finance departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across finance sectors to assess risk levels of investments and portfoliosPrimarily used by banks and lenders to evaluate creditworthiness of borrowers

While both roles involve financial analysis, a Financial Risk Analyst focuses on assessing overall financial risks across investments and portfolios, whereas a Credit Analyst specializes in evaluating the creditworthiness of individual borrowers. Both roles require similar credentials and often work within the finance industry, but their specific focus areas differ.

What are popular job titles related to Financial Risk Analyst jobs in Illinois?

For Financial Risk Analyst jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Financial Risk Analyst jobs in Illinois look for?

The top searched job categories for Financial Risk Analyst jobs in Illinois are:

What cities in Illinois are hiring for Financial Risk Analyst jobs?

Cities in Illinois with the most Financial Risk Analyst job openings:

Financial Risk Analyst jobs near you
Infographic showing various Financial Risk Analyst job openings in Illinois as of July 2026, with employment types broken down into 1% As Needed, 80% Full Time, 15% Part Time, and 4% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $85,381 per year, or $41 per hour.

Risk Mgmt Policy Analyst

CME Group

Chicago, IL • On-site

$81K - $135K/yr

Full-time

Medical, Retirement, PTO

Posted 23 days ago

Job description

The Risk Management Policy Analyst will be responsible for leading efforts to shape risk management policy, leveraging industry knowledge and experience. Support the Senior Director, Risk Policy, Recovery & Resolution in building out risk management policies related to current and evolving regulatory obligations, with specific focus on CFTC regulations. The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services.

The Risk Management Policy Analyst will be responsible for establishing and maintaining risk management policies consistent with relevant regulations, including relating to the recovery and wind-down plans for CME Group's clearing services.Additionally, to address evolving regulatory frameworks, the Risk Management Policy Associate will:

  • Develop and execute strategic policy positions (e.g., comment letters and talking points) in coordination with other key internal stakeholders. Ensure effective communication and presentation of initiatives to internal and external stakeholders (e.g., clients and regulatory bodies).

  • Support development for major project initiatives within the Clearing House from a policy perspective, including in response to regulatory changes and new business plans.

  • Lead the effort to keep CME Clearing's senior management appraised of various regulatory developments affecting the Clearing House. Work closely with others within and outside of the Clearing House, including Legal.

  • Liaise and build relationships with with trade associations as they develop their policy positions, including in response to recent policy proposals.

The Risk Management Policy Analyst will work across groups to evaluate requirements and assess the impact to CME Group and our clients.

Education & Experience

  • Bachelor's degree in economics, finance, political science, or related field.

  • Possess strong written communication skills and analytical and problem-solving skills, along with being highly detail oriented with respect to drafting policies and analyzing complex regulatory requirements relative to CME Group's rules.

  • Knowledge of CFTC regulatory requirements and more broadly, knowledge of financial markets and derivatives products.

  • Ability to work in a highly collaborative team environment.

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $81,100-$135,100. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

CME Group: Where Futures are Made

CME Group is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.

CME Group logo

About CME Group

Sourced by ZipRecruiter

As the world’s leading derivatives marketplace, CME Group is where the world comes to manage risk. We enable clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. We meet uncertainty and volatility with confidence and clarity, across the trading lifecycle and around the world.

Industry

Finance and insurance

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

2007

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