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Financial Risk Analyst Jobs in Chicago, IL (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 ...

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 ...

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

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 ...

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 ...

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 ...

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 ...

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 ...

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Showing results 41-60

All JobsFinancial Risk Analyst JobsFinancial Risk Analyst Jobs in Chicago, IL

Financial Risk Analyst information

See Chicago, IL salary details

$39.7K

$90.8K

$121.6K

How much do financial risk analyst jobs pay per year?

As of Aug 10, 2026, the average yearly pay for financial risk analyst in Chicago, IL is $90,835.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,200.00 and $113,900.00 per year, depending on experience, location, and employer.

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 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 popular job titles related to Financial Risk Analyst jobs in Chicago, IL? For Financial Risk Analyst jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Financial Risk Analyst jobs in Chicago, IL look for? The top searched job categories for Financial Risk Analyst jobs in Chicago, IL are:
Financial Risk Analyst jobs near you
Infographic showing various Financial Risk Analyst job openings in Chicago, IL as of July 2026, with employment types broken down into 73% Full Time, 3% Part Time, and 24% Contract. Highlights an 61% Physical, 5% Hybrid, and 34% Remote job distribution, with an average salary of $90,767 per year, or $43.6 per hour.

Manager, Credit Risk & Portfolio Analytics

Artius Solutions

Chicago, IL • On-site

Full-time

Re-posted 9 hours ago

Job description

Manager, Credit Risk & Portfolio Analytics

Location: Chicago, IL (Hybrid)
Employment Type: Full-Time

Overview

Our client, a large and well-established financial services organization based in Chicago, is seeking a Manager, Markets Credit to lead credit risk oversight across mortgage-related assets and fixed income investment portfolios.

This role will manage a team responsible for developing and maintaining credit risk models, performing scenario analysis and stress testing, and monitoring portfolio risk trends. The position will also collaborate closely with cross-functional teams to support investment strategies, product development initiatives, and regulatory compliance efforts.

The ideal candidate is a strong analytical leader with experience in credit risk modeling, mortgage or structured finance exposure, and a track record of leading high-performing analytical teams.

Key ResponsibilitiesCredit Risk Oversight

  • Oversee the monitoring and analysis of credit risk exposures within mortgage-related and investment portfolios.

  • Identify emerging risk trends and provide insights into portfolio performance and risk concentrations.

  • Ensure risk management frameworks support sound portfolio management and investment decision-making.

Credit Modeling & Analytics

  • Lead the development and maintenance of credit risk models including prepayment, default, and loss forecasting models.

  • Manage model assumptions, calibration, validation support, and performance monitoring.

  • Conduct model back-testing and benchmarking to evaluate model effectiveness and recommend improvements.

  • Design analytical tools and risk frameworks to evaluate credit enhancement adequacy and portfolio resilience.

Stress Testing & Scenario Analysis

  • Lead scenario analysis and macroeconomic stress testing across mortgage and investment portfolios.

  • Evaluate portfolio sensitivity to changing market conditions and economic variables.

  • Present findings and recommendations to senior stakeholders.

Regulatory & Governance Collaboration

  • Partner with model validation teams, internal audit, and regulatory stakeholders to ensure models and processes meet governance requirements.

  • Support regulatory reporting and model documentation standards.

Data & Process Innovation

  • Identify opportunities to enhance risk monitoring through advanced analytics, automation, and improved data infrastructure.

  • Lead initiatives that improve analytical efficiency and portfolio risk transparency.

Team Leadership & Stakeholder Collaboration

  • Lead and develop a team of credit risk analysts and quantitative professionals.

  • Provide mentorship, performance management, and guidance on analytical methodologies.

  • Build strong partnerships with internal teams including finance, treasury, operations, legal, and risk management.

QualificationsEducation

  • Bachelor’s degree in Mathematics, Finance, Economics, Statistics, Computer Science, or a related quantitative discipline

  • Master’s degree preferred

Certifications (Preferred)

  • CFA or FRM designation or candidacy

Experience

  • 5+ years of experience in credit risk modeling, quantitative analytics, or financial risk management

  • 2+ years of people management experience

  • Experience working with mortgage assets, fixed income securities, or structured finance portfolios

Technical Skills

  • Strong experience developing predictive statistical models and analytical frameworks

  • Proficiency with SQL, Python, or R

  • Experience with business intelligence and analytics tools such as Tableau or Alteryx

  • Strong data analysis and modeling capabilities

Risk & Regulatory Knowledge

  • Familiarity with credit risk management frameworks and model governance

  • Experience supporting model validation, regulatory reviews, or audit processes

  • Understanding of mortgage lending, underwriting, or servicing processes is a plus

Leadership & Communication

  • Ability to lead and develop analytical teams

  • Strong stakeholder communication and presentation skills

  • Ability to translate complex analytical findings into actionable insights for business leaders

  • Strong problem-solving and critical thinking skills

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