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Financial Risk Management Jobs in Elgin, IL (NOW HIRING)

Rothera

Director, Enterprise Risk Management

Chicago, IL · On-site

$175K - $200K/yr

The Risk Management structure ensures the safety and soundness of the organization by overseeing ... Partner with Technology, Product, Operations, Compliance, Finance and Legal to strengthen internal ...

CFS

Manager - Investment Risk Management

Chicago, IL · Hybrid

... and portfolio management? Join us as an Investments & Risk Manager and take on a key role in ... Help conduct research and build financial models for investment opportunities. * Collaborate with ...

Invenergy

Manager, Enterprise Risk Management

Chicago, IL · On-site

$108K - $134K/yr

Bachelor's degree in Engineering, Economics, Finance, or related discipline required. * 4+ years' relevant experience, such as Risk Management, Program Management, Project Management, Engineering ...

Invenergy

Director, Credit Risk Management

Chicago, IL · On-site

Position Overview The Director, Credit Risk Management will report to the Senior Vice President ... Bachelor's degree in Economics, Finance, Accounting, or a related field; advanced degree or ...

Capital One

Senior Auditor - Risk Management

Riverwoods, IL · On-site

$84K - $103K/yr

At least 2 years of experience in auditing one or more of the following areas: banking or financial services industry or risk management Preferred Qualifications: * Master's Degree in Auditing ...

Capital One

Senior Auditor - Risk Management

Chicago, IL · On-site

$83K - $102K/yr

At least 2 years of experience in auditing one or more of the following areas: banking or financial services industry or risk management Preferred Qualifications: * Master's Degree in Auditing ...

Wintrust

Officer, Model Risk Management

Rosemont, IL · On-site

Wintrust provides community and commercial banking, specialty finance and wealth management ... Position Overview The Officer, Model Risk Management will conduct various activities related to ...

Geneva Trading

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

The Global Head of Market Risk Management will play a key role in the trading firm's dynamic ... Bachelor's Degree or above in a quantitative discipline. (physics, finance, economics, econometrics ...

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All JobsFinancial Risk Management JobsFinancial Risk Management Jobs in Elgin, IL

Financial Risk Management information

See Elgin, IL salary details

$50.9K

$110.3K

$168K

How much do financial risk management jobs pay per year?

As of Jun 25, 2026, the average yearly pay for financial risk management in Elgin, IL is $110,274.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,000.00 and $127,500.00 per year, depending on experience, location, and employer.

What is a Financial Risk Management job?

A Financial Risk Management job involves identifying, assessing, and mitigating risks that could impact a company's financial health. Professionals in this field analyze market trends, credit risks, and operational risks to develop strategies that protect assets and profitability. They use financial modeling, risk assessment tools, and regulatory guidelines to ensure compliance and minimize potential losses. Common roles include risk analysts, credit risk managers, and compliance officers in industries like banking, insurance, and investment firms.

How much does a risk manager get paid?

A risk manager's salary varies based on experience, industry, and location, but typically ranges from $70,000 to $150,000 annually. Senior risk managers or those in financial hubs can earn higher salaries, especially with certifications like FRM or CFA and strong analytical skills.

What are the typical career advancement opportunities for someone in Financial Risk Management?

Professionals in Financial Risk Management often start as analysts or associates and can progress to roles such as Risk Manager, Senior Risk Analyst, or Director of Risk Management with experience and proven expertise. Career advancement typically involves taking on greater responsibility for complex risk analysis, decision-making, and leading teams or projects. Earning specialized certifications and gaining exposure to different risk disciplines (such as market risk, credit risk, or operational risk) can also accelerate career growth. Many organizations provide opportunities for cross-functional collaboration, which helps develop leadership and strategic planning skills important for moving into executive-level positions.

What are the key skills and qualifications needed to thrive in the Financial Risk Management position, and why are they important?

To thrive in Financial Risk Management, you need a strong analytical background, proficiency in financial modeling, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment software, data analytics tools like Excel or SQL, and certifications such as FRM (Financial Risk Manager) or CFA are highly valued. Excellent problem-solving skills, attention to detail, and strong communication abilities help professionals effectively present risks and collaborate with stakeholders. These competencies are crucial for accurately identifying, analyzing, and mitigating financial risks to support an organization's financial health.

Is risk management high paying?

Risk management professionals, including those in financial risk management, often earn competitive salaries that increase with experience, certifications, and industry sector. Entry-level roles may have moderate pay, but senior positions such as risk managers or directors typically offer high compensation, especially in finance and banking industries. Skills in data analysis, quantitative methods, and regulatory knowledge can also influence earning potential.

What is a financial risk management job?

A financial risk management job involves identifying, analyzing, and mitigating financial risks that could impact an organization’s assets or earnings. Professionals in this field use tools like risk assessment models, financial analysis, and regulatory knowledge to develop strategies that minimize potential losses and ensure financial stability.
What job categories do people searching Financial Risk Management jobs in Elgin, IL look for? The top searched job categories for Financial Risk Management jobs in Elgin, IL are:
What cities near Elgin, IL are hiring for Financial Risk Management jobs? Cities near Elgin, IL with the most Financial Risk Management job openings:
Financial Risk Management jobs near you
Infographic showing various Financial Risk Management job openings in Elgin, IL as of June 2026, with employment types broken down into 70% Full Time, 28% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $110,274 per year, or $53 per hour.

Director, Enterprise Risk Management

Rothera

Chicago, IL • On-site

$175K - $200K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 9 days ago

Job description

Building markets for the new trading frontier.
Bringing the future into focus.
Rothera is building the premier prediction market in partnership with Robinhood and Susquehanna International Group.
By empowering traders to take positions on the events that shape our world Rothera's platform harnesses the scale and power of financial markets to produce timely, unique, and effective information discovery for leaders and decision makers to ask and answer their most important questions.
Rothera operates at the frontier, generating market-driven forecasts that turn intuition into insight.
About the role
Rothera is hiring a Director, Enterprise Risk Management for our Chicago, Illinois office. You will help establish and maintain the overall Enterprise Risk & Governance framework for both the DCM and the DCO. The Risk Management structure ensures the safety and soundness of the organization by overseeing the identification, assessment, monitoring, and reporting of risks, including credit, liquidity, market, operational, and systemic risks.
Reporting directly to the Chief Risk Officer, the Director will partner closely with executive leadership, and will help with Rothera's continued growth.
What you'll do
Enterprise Risk Management & Governance Stewardship
  • Risk Assessment & Monitoring: Maintain and enhance the enterprise risk register, integrating Risk Control Self Assessments (RCSAs), risk appetite metrics, and issue management into a consistent, scalable framework.
  • Tools and Automation: Develop and implement risk metrics and monitoring tools ensuring accurate and timely reporting. Drive automation and infrastructure for risk monitoring, integrating real-time analytics into risk governance processes.
  • Controls Framework: Partner with Technology, Product, Operations, Compliance, Finance and Legal to strengthen internal controls, including ITGCs, and operational controls.
  • Margin Framework: Assist in development, governance, and validation of margin and risk models used by the DCO and DCM.
  • Technology & Data Risk: Collaborate with Technology and Security teams to report on data protection, and information security risk in a technology enabled business model.
  • Audit & Assurance: Manage auditor relationships, evidence collection, remediation, and ongoing control maturity.
  • Regulatory Reporting: Oversee preparation of required regulatory risk reporting.
  • Product & Market Risk Strategy: Support product design and rule changes from a risk perspective. Collaborate with market surveillance teams on automated monitoring tools.
What you'll bring
Education & Experience
  • Advanced degree in quantitative finance, econometrics/computer science, quantitative methods, or related fields preferred.
  • 7+ years of relevant financial services experience, including hands-on designing and implementation responsibility within risk management and margin/collateral efficiencies.
  • Experience working with or within FCMs, DCOs, DCMs, or other systemically important financial institutions.
  • Experience establishing risk governance and compliance frameworks for high-performance computing (HPC) environments.
  • Professional certifications such as FRM, PRM, or CFA are advantageous.
Knowledge & Skills
  • Knowledge of risk management practices applicable to exchange and clearing environments and the grit to do unglamorous work to achieve a goal.
  • Strong quantitative skills and experience with model development or validation.
  • Ability to context switch between high-level strategy and nitty-gritty details in a high-performing entrepreneurial team.
Benefits & Compensation
This position has a base salary of $175,000 to $200,000 per year, plus participation in a discretionary annual incentive bonus program.
Rothera is dedicated to advancing the careers and personal wellbeing of our team members. We are continuously exploring ways to support our employees holistically, including a 401(k) plan with employer match, health, vision, and dental insurance for employees and eligible dependents, paid time off, and much more.
Why you should join the mission
If you want a critical role in a path-breaking company, you belong here.
Rothera values initiative from individuals of all backgrounds. We are proud to be an inclusive workplace and do not discriminate on the basis of race, religion, national origin, age, disability or handicap, sex, marital status, veteran status, sexual orientation, or any other characteristic protected by applicable federal, state or local laws.
This is a full-time, in-person hybrid position. This position is not available for visa sponsorship now or in the future. Applicants must be authorized to work in the U.S. on a permanent, indefinite basis.

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