1

Financial Risk Manager Jobs in Illinois (NOW HIRING)

S. financial system for over thirty years with cutting-edge solutions like Zelle, Paze, and so much ... Essential Functions Risk, Control, and Issue Management * Serves as a subject matter expert ...

Manager - Third Party Risk The position will be primarily responsible for managing and leading the ... Financial Services * Technology, Media and Telecommunications Basic Qualifications * Bachelor ...

Risk Analyst

Chicago, IL · On-site

$77K - $95K/yr

Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure. * Collaborate with business partners to ...

We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures ... The primary function of this role is to act as a Market Risk Analytics Manager focusing on futures ...

next page

Showing results 1-20

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 2, 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:
Senior Manager, Enterprise Risk Data Management

Senior Manager, Enterprise Risk Data Management

Capital One

Riverwoods, IL

Full-time

Posted 9 days ago


Capital One rating

7.8

Company rating: 7.8 out of 10

Based on 142 frontline employees who took The Breakroom Quiz

71st of 144 rated banks


Job description

Senior Manager, Enterprise Risk Data Management

As a Second Line Risk Advisor - Data Risk Management (Senior Risk Manager) at Capital One, you will be acting as a trusted data risk advisor to divisions (first line business units) and technology partners. You will leverage your deep expertise in data risk management to provide effective challenges, ensuring the company's data management practices align with both regulatory requirements and enterprise risk appetite.
This role is an opportunity to take on key responsibilities in identifying potential data risks, influencing key stakeholders, and assessing data risk across Capital One divisions. As part of the second line of defense, you will engage with product and technology partners, providing insight and influencing the integration of data risk controls into day-to-day operations. You'll bring a proactive, innovative mindset to designing processes and performing risk assessments to safeguard Capital One's data management environment.

Responsibilities:

  • Trusted Data Risk Advisor: Build strong relationships with business and technology partners to become a trusted data risk advisor, providing insight into data management risks, guidance on technical control needs to manage data, and shaping risk mitigation strategies across the enterprise.

  • Second Line Risk Assessment: As a member of the 2nd line tech and data risk oversight team, conduct thorough risk assessments, data process and control design, and advocate for process excellence to enhance the organization's data management risk posture.

  • Embed Data Management Practices: Identify opportunities to embed data risk management best practices within business operations, influencing stakeholders to adopt proactive risk management measures through technical and data driven solutions.

  • Influence Technology & Data Maturity Roadmaps: Collaborate with Product and Technology teams to ensure data management controls are incorporated into technical product roadmaps, driving effective risk mitigation in new and existing platforms.

  • Gap Assessments & Recommendations: Perform gap assessments to identify weaknesses in current data management controls/processes, technical designs, architecture data flow diagrams, and propose actionable recommendations to drive organizational transformation and compliance.

  • Communication Excellence: Utilize strong verbal and written communication skills to articulate data management risks, communicate progress against risk mitigation efforts, and influence decision-making at senior levels.

  • Metadata, Data Quality, and Governance: Partner across divisions and functions on initiatives related to metadata management, data quality, data governance, and data stewardship to ensure risks are mitigated and compliance is maintained.


Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 5 years of experience in a data management or data governance

  • At least 5 years of experience in risk management within a FinTech, Financial Services, or Technology organization

Preferred Qualifications:

  • Master's Degree in Business Management, Finance, Accounting, Economics, or Mathematics

  • 3+ years of experience leading cross-functional teams

  • 6+ years of experience overseeing metadata management and data quality

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Chicago, IL: $161,500 - $184,300 for Sr. Risk Manager


McLean, VA: $177,700 - $202,800 for Sr. Risk Manager


New York, NY: $193,800 - $221,200 for Sr. Risk Manager


Richmond, VA: $161,500 - $184,300 for Sr. Risk Manager


Riverwoods, IL: $161,500 - $184,300 for Sr. Risk Manager







Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).


What Capital One employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom