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Financial Risk Manager Jobs in Illinois (NOW HIRING)

Senior Financial Risk Analyst

Chicago, IL ยท On-site

$111 - $130/hr

... financial risk models, forecasting key balance sheet items and providing deep dive analysis into ... management * Partner with Data Science and Engineering teams to design and deliver dashboards ...

Senior Financial Risk Analyst

Chicago, IL ยท On-site

$111K - $130K/yr

... management Partner with Data Science and Engineering teams to design and deliver dashboards ... financial risk methodologies including Valueโ€atโ€Risk, stress testing, scenario analysis, and ...

Experienced Risk Manager

Chicago, IL ยท On-site

$150 - $210/hr

Challenge existing processes and propose new frameworks that improve how IMC understands and manages risk Your Skills and Experience: * 5+ years of experience in financial risk management ...

Experienced Risk Manager

Chicago, IL ยท On-site

$150K - $210K/yr

Challenge existing processes and propose new frameworks that improve how IMC understands and manages risk Your Skills and Experience: * 5+ years of experience in financial risk management ...

Risk Manager

Chicago, IL ยท On-site +1

$105K - $132K/yr

Partner closely with Operations, Compliance, Legal, and Finance to integrate risk management smoothly into daily workflows. Qualifications * Bachelor's degree or equivalent from an accredited ...

Risk Manager

Chicago, IL ยท On-site

$105K - $132K/yr

Partner closely with Operations, Compliance, Legal, and Finance to integrate risk management smoothly into daily workflows. Qualifications * Bachelor's degree or equivalent from an accredited ...

Third Party Risk Manager

Elgin, IL ยท On-site

$120K - $150K/yr

Position Title: Third Party Risk Manager Reports to: First Vice President, Enterprise Risk ... Bachelor's degree from an accredited university in Finance, Accounting, or a related Business ...

New

Third Party Risk Manager

Chicago, IL ยท On-site

$74K - $138K/yr

Business Management In-depth knowledge of Global Third-Party Risk Management processes, lifecycle ... BMO Financial Group's total compensation package will vary based on the pay type of the position ...

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has ... DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ...

Clinical Risk Manager

Evanston, IL ยท On-site

$42.54 - $65.94/hr

The Clinical Risk Manager is responsible for the review, investigation and prioritization of ... Registered Nurse (RN) - Illinois Department of Financial and Professional Regulation (IDFPR ...

Model Risk Manager

Chicago, IL ยท On-site

$106.60 - $217.90/hr

The Model Risk Manager will be responsible for performing and managing consulting projects for a variety of financial services clients. This primarily includes consulting with clients about model ...

Cybersecurity Risk Manager

Chicago, IL ยท On-site

$120 - $180/hr

The Cybersecurity Risk Manager will identify, assess, and mitigate risks affecting the company's financial health and compliance, while leading the development of a robust cybersecurity risk ...

Clinical Risk Manager

Wilmette, IL ยท On-site

$42.54 - $65.94/hr

The Clinical Risk Manager is responsible for the review, investigation and prioritization of ... Registered Nurse (RN) - Illinois Department of Financial and Professional Regulation (IDFPR ...

Clinical Risk Manager

Evanston, IL ยท On-site

$42.54 - $65.94/hr

The Clinical Risk Manager is responsible for the review, investigation and prioritization of ... Registered Nurse (RN) - Illinois Department of Financial and Professional Regulation (IDFPR ...

Credit Risk Manager

Chicago, IL ยท On-site

$150K - $200K/yr

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has ... DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ...

Showing results 21-40

Financial Risk Manager information

See Illinois salary details

$49.9K

$108.1K

$164.7K

How much do financial risk manager jobs pay per year?

As of Sep 5, 2026, the average yearly pay for financial risk manager in Illinois is $108,101.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

What does a financial risk manager do?

A Financial Risk Manager (FRM) is responsible for identifying, analyzing, and mitigating financial risks within an organization. Their work involves assessing threats related to credit, market, operational, and liquidity risk, and developing strategies to minimize potential losses. FRMs use quantitative analysis, financial modeling, and risk assessment tools to advise decision-makers on risk exposures. They play a vital role in ensuring that a company remains compliant with financial regulations and maintains financial stability.

What are the key skills and qualifications needed to thrive as a financial risk manager?

To thrive as a Financial Risk Manager, you need a strong background in finance, quantitative analysis, and risk assessment, typically supported by a relevant degree and certifications like FRM or CFA. Expertise in risk modeling software, statistical tools such as SAS or R, and financial reporting systems is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are crucial for accurately identifying, assessing, and mitigating financial risks to protect organizational assets and ensure regulatory compliance.

What are some common challenges financial risk managers face when working with cross-functional teams?

Financial Risk Managers often collaborate with departments such as treasury, compliance, and IT to identify and mitigate risks. One common challenge is aligning risk management strategies with diverse departmental goals, which may sometimes conflict with each other. Effective communication and negotiation skills are essential to ensure all stakeholders understand the risk implications of their decisions. Additionally, adapting to rapidly changing regulations and market conditions can create pressure to quickly update risk models and processes.

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

AspectFinancial Risk ManagerCredit Analyst
CertificationsFRM, CFAFitch, CFA
Work EnvironmentFinancial institutions, banks, investment firmsBanks, lending institutions, credit agencies
Primary FocusAssessing and managing overall financial risksEvaluating creditworthiness of borrowers
Industry UsageRisk management departments, trading floorsLoan departments, credit risk units

While both roles involve financial analysis, a Financial Risk Manager focuses on identifying and mitigating broad financial risks across an organization, often requiring advanced certifications like FRM or CFA. A Credit Analyst specializes in assessing individual borrowers' creditworthiness to inform lending decisions. Both roles are vital in financial institutions but serve different strategic purposes.

Do financial risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual pay often exceeds $100,000, with senior roles and certifications like FRM or CFA increasing earning potential. They also benefit from bonuses and other incentives based on performance and risk management success.

Is it hard to become a financial risk manager?

Becoming a financial risk manager typically requires a strong background in finance, economics, or related fields, along with relevant certifications such as the FRM or CFA. The role involves developing analytical skills, understanding financial models, and often gaining experience in risk analysis or financial analysis, which can take several years of education and work experience to achieve.

Is risk management in finance a good career?

A career as a financial risk manager involves analyzing and mitigating financial risks for organizations, often requiring strong analytical skills, knowledge of financial instruments, and certifications like FRM or CFA. It offers opportunities in banking, investment firms, and corporations, with a focus on quantitative analysis and regulatory compliance. The role can be rewarding for those interested in finance and risk assessment, with a stable job outlook and competitive salary potential.

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

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

Infographic showing various Financial Risk Manager job openings in Illinois as of August 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $108,101 per year, or $52 per hour.

Senior Financial Risk Analyst

3M HEALTHCARE

Chicago, IL โ€ข On-site

$111 - $130/hr

Other

Medical, Life, Retirement, PTO

Re-posted 13 days ago


Job description

Join us in building the future of finance.

Our mission is to democratize finance for all. An estimated $124 trillion of assets will be inherited by younger generations in the next two decades. The largest transfer of wealth in human history. If youโ€™re ready to be at the epicenter of this historic cultural and financial shift, keep reading.

About the team & role

We are looking for an intellectually curious and enthusiastic individual to help the organization prepare for continued rapid growth by having a good understanding of the impact of the financial markets and risks on Robinhood. This role is responsible for monitoring corporate liquidity risks and investments, developing financial risk models, forecasting key balance sheet items and providing deep dive analysis into financial market drivers of the business.

This role suits those with a bias towards action and impact, who believe in end to end execution and accountability. You are the perfect mix of analytical, technical, operational, and creative. You are a clear, confident communicator who loves taking a complicated problem, decomposing it, and building data driven models, then turning those models into processes and reports.

What youโ€™ll do
  • Monitor and report on financial risks across the firm on a daily basis, ensuring timely escalation of material exposures
  • Conduct deepโ€‘drop quantitative analyses into liquidity risks emerging across the Robinhood ecosystem
  • Enhance and maintain liquidity risk models and forecasting frameworks to support proactive risk management
  • Partner with Data Science and Engineering teams to design and deliver dashboards, automated alerts, and data pipelines that surface capital, liquidity, and counterparty credit risks for the Treasury function
  • Collaborate with Finance and Product teams to assess emerging risks associated with new products and business initiatives
What you bring
  • Bachelor's degree in mathematics, computer science, engineering or a related field.
  • 1โ€“3 years of experience in data analytics, risk management, or a comparable analytical role
  • Strong quantitative and problemโ€‘solving skills, with the ability to communicate complex findings clearly to nonโ€‘technical stakeholder
  • Solid grounding in financial risk methodologies including Valueโ€‘atโ€‘Risk, stress testing, scenario analysis, and attribution modeling
  • Understanding of macroeconomics, financial markets, financial instruments, trading strategies, and investment theory
  • Advanced proficiency in SQL and Python
  • Ability to build and own process from the ground up
  • Demonstrated ability to design and own endโ€‘toโ€‘end processes in ambiguous, fastโ€‘moving environments
  • Advanced graduate degree such as an MFE or in a similar technical field preferred.
  • Experience developing and deploying productionโ€‘grade financial models in Python or R
  • Familiarity with sophisticated financial instruments including derivatives, futures, leveraged products, and digital assets
  • Experience with time series modeling and regression techniques
  • Handsโ€‘on experience with AI/ML tooling and business intelligence platforms such as Superset or Looker
  • Working knowledge of ETL pipelines and workflow orchestration tools such as Airflow
What we offer
  • Challenging, highโ€‘impact work to grow your career
  • Performance driven compensation with multipliers for outsized impact, bonus programs, equity ownership, and 401(k) matching
  • Best in class benefits to fuel your work, including 100% paid health insurance for employees with 90% coverage for dependents
  • Lifestyle wallet - a highly flexible benefits spending account for wellness, learning, and more
  • Employerโ€‘paid life & disability insurance, fertility benefits, and mental health benefits
  • Time off to recharge including company holidays, paid time off, sick time, parental leave, and more!
  • Exceptional office experience with catered meals, events, and comfortable workspaces

In addition to the base pay range listed below, this role is also eligible for bonus opportunities, equity, and benefits.

Base pay for the successful applicant will depend on a variety of jobโ€‘related factors, which may include education, training, experience, location, business needs, or market demands. The expected base pay range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

Base Pay Range:

Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)

$111,000 - $130,000 USD

Zone 2 (Denver, CO; Westlake, TX; Chicago, IL)

$97,000 - $114,000 USD

Zone 3 (Lake Mary, FL; Clearwater, FL; Gainesville, FL)

$86,000 - $101,000 USD

Click here to learn more about our Total Rewards, which vary by region and entity.

If our mission energizes you and youโ€™re ready to build the future of finance, we look forward to seeing your application.

Equal Employment Opportunity Information

At Robinhood, we care deeply about diverse representation in our workforce as it supports our mission to democratize finance for all. In support of this goal, we encourage applicants to voluntarily identify demographic information. This information helps us to continue building a more inclusive workplace and to ensure effective recruiting programs that are inclusive of individuals across all backgrounds.

Selfโ€‘identifying in this section is completely voluntary and if you choose not to provide any information, please select the โ€œI don't wish to answerโ€ option under that question. Whatever your decision, data that you provide in this section will not be considered in the hiring process or thereafter. Individuals seeking employment at Robinhood are considered without regard to race, color, religion, national origin, age, sex, sexual orientation, marital status, ancestry, physical or mental disability, neurodivergence, veteran status, gender identity or expression, or any other characteristic protected by law.

You are being given the opportunity to provide the following information in order to help us comply with federal and state Equal Employment Opportunity recordkeeping, reporting, and other legal requirements, and to be used in our efforts to recruit a diverse workforce. Any information that you do provide will be recorded and maintained in a confidential manner. For more information on EEOC definitions, please reference this document .

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