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Financial Risk Manager Jobs in Illinois (NOW HIRING)

Crowe LLP

Third Party Risk Manager

Chicago, IL

Manager - Third Party Risk The position will be primarily responsible for managing and leading ... Financial Services * Pharmaceutical * Life Sciences * Biotechnology * Healthcare * Manufacturing

Capital One

Senior Auditor - Risk Management

Riverwoods, IL

$84K - $103K/yr

Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or Credit Risk Certification (CRC ...

Capital One

Senior Auditor - Risk Management

Riverwoods, IL

$84K - $103K/yr

Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or Credit Risk Certification (CRC ...

Capital One

Senior Auditor - Risk Management

Chicago, IL

$83K - $102K/yr

Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or Credit Risk Certification (CRC ...

Capital One

Senior Auditor - Risk Management

Chicago, IL

$83K - $102K/yr

Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or Credit Risk Certification (CRC ...

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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 Jul 24, 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 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.

What are the key skills and qualifications needed to thrive as a Financial Risk Manager, and why are they important?

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 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 popular job titles related to Financial Risk Manager jobs in Illinois? For Financial Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Financial Risk Manager jobs in Illinois look for? The top searched job categories for Financial Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Financial Risk Manager jobs? Cities in Illinois with the most Financial Risk Manager job openings:
Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Illinois as of July 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $108,101 per year, or $52 per hour.
Financial Manager - Operational Finance (TRAVEL REQUIRED)

Financial Manager - Operational Finance (TRAVEL REQUIRED)

Turner Construction

Chicago, IL • On-site, Remote

Other

Posted 6 days ago

Turner Construction rating

7.5

Company rating: 7.5 out of 10

Based on 68 frontline employees who took The Breakroom Quiz

32nd of 80 rated construction

Job description

Position can be performed from any US company office location, with opportunity for office and remote work. This role requires domestic travel.

Position Description:
Manage Finance, Accounting, and Cost departments and serve as liaison with Turner local profit center projects. Accountable for profit center financial reporting and financial risk management to ensure adherence to company policy and procedure and in accordance with Generally Accepted Accounting Principles (GAAP).

Essential Duties & Responsibilities:
Create supportive environment to develop high performing finance team, provide professional development opportunities and engage in coaching and mentoring relationships.
Lead Finance and other related team members, provide timely performance feedback and contribute to performance appraisals during annual performance cycle utilizing talent management systems.
Develop and deliver training to educate staff members regarding related department processes.
Provide financial and business decision leadership for core business activities and development of new business opportunities.
Work closely with profit center executive team as advisor, counselor and highly valued partner. Collaborate with general manager on execution of business strategies, providing support as necessary for key business decisions. Active participation in monthly Executive VP strategy and operating meetings.
Collaborate with leadership team on development and preparation of annual profit plan and forecasting reports.
Develop, analyze, and present periodic financial statements and reports for profit center.
Improve systems, processes and procedures to effectively support profit center, leaders and finance as a whole.
Lead cash management and profit enhancement initiatives.
Ensure required bonding and insurance is obtained and maintained as required.
Assist Tax department with local municipality tax issues.
Oversee billing issuance, collection, and overdue receivables.
Manage financial compliance to ensure rigorous and ethical standards of compliance with external requirements (e.g., GAAP, IAS, FARS, ERISA, IRS) and internal company policies (Accounting, Risk Management and Cost).
Drive focus on financial risk management and support the development and implementation of policies/procedures, ensure clear and concise communication of standards to internal constituents.
Actively promote Turner through involvement in outside organizations.
Other activities, duties, and responsibilities as  assigned.

What Turner Construction employees say

Pay

Benefits

Hours and flexibility

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About Turner Construction

Sourced by ZipRecruiter

Turner Construction, headquartered in New York, NY, US, is a recognized leader in the construction industry. It was established in 1902 and has since curved its niche as one of the most reputable construction firms. Turner Construction provides a broad range of services like general contracting, construction management, design-build, and consulting. Devoted to environment-friendly building practices, it is considered a pioneer in green building and sustainability efforts. Their top-tier projects include Madison Square Garden, Yankee Stadium, and the United Nations Secretariat Building in New York City. The company's mission is to deliver an exceptional product by relentless commitment to their core principles – teamwork, integrity, commitment, and community.

Industry

Construction

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1902

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