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Financial Risk Manager Jobs in Illinois (NOW HIRING)

Clinical Risk Manager

Highwood, IL · 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

Glenview, IL · 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 ...

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has ... DV is looking for an Operational Risk Manager who has worked close to a trading business ...

Credit Risk Manager

Chicago, IL · 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 ...

Clinical Risk Manager

Chicago, IL · 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 ...

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has ... DV is looking for an Operational Risk Manager who has worked close to a trading business ...

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has ... DV is looking for an Operational Risk Manager who has worked close to a trading business ...

Senior Risk Manager At Capital One, we dare to dream, disrupt, and deliver a better way. We bring ... Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other ...

Hedge Fund Risk Manager

Chicago, IL · On-site

$80.80 - $133.40/hr

With more than 130 years of financial experience and over 22,000 partners, we serve the world ... We are seeking an experienced Risk Manager to join our investment team and oversee risk across a ...

Third Party Risk Manager

Chicago, IL · On-site

$74K - $138K/yr

Management of risk stakeholder program execution and interaction with Third Party Risk Specialists ... BMO Financial Group's total compensation package will vary based on the pay type of the position ...

Third Party Risk Manager

Chicago, IL · 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 ...

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

With more than 135 years of financial experience and over 24,000 partners, we serve the world ... This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager ...

Hedge Fund Risk Manager

Chicago, IL · On-site

$81 - $133/hr

With more than 135 years of financial experience and over 24,000 partners, we serve the world ... This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager ...

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

With more than 135 years of financial experience and over 24,000 partners, we serve the world ... This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager ...

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

With more than 135 years of financial experience and over 24,000 partners, we serve the world ... This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager ...

Showing results 41-60

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.

Clinical Risk Manager

Endeavor Health

Highwood, IL • On-site

$42.54 - $65.94/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 16 days ago


Endeavor Health rating

7.0

Company rating: 7.0 out of 10

Based on 402 frontline employees who took The Breakroom Quiz

421st of 898 rated healthcare providers


Job description

Hourly Pay Range:

$42.54 - $65.94 - The hourly pay rate offered is determined by a candidate's expertise and years of experience, among other factors.

Position Highlights:

  • Position: Clinical Risk Manager
  • Location: Evanston, IL
  • Full Time:40 hours/week
  • Hours: Monday-Friday,8:00a-5:00p with on call rotation every 6 weeks
  • Required Travel: To Endeavor locations: Skokie-Glenview-Highland Park


A Brief Overview:
The Clinical Risk Manager is responsible for the review, investigation and prioritization of reported clinical and organizational events in order to decrease the frequency and severity of patient safety events and works closely with Claims Management to identify potential/actual professional and general liability claims. Colla

borates with Performance Improvement team and Operational Leaders to identify key quality and patient safety trends. Actively engages leaders in evidence-based practice for cause analysis and high reliability strategies to prevent and mitigate patient safety events.
What you will do:

Patient Safety/Risk Management

  • Review electronically reported events for inpatient units and procedural areas
  • Identify and assess potential risks and liabilities of reported events
  • Work with interdisciplinary teams to identify and implement risk mitigation strategies, leaders in associated departments/units to assure swift resolution, identification of key learning elements/strategies and assuring timely action/communication is planned and initiated
  • Assure involved department(s) event follow-up is timely and appropriate
  • Provide patient safety/risk management support for assigned areas including noted trends and education
  • Collaborate with identify key quality and patient safety issues that require broader system review and intervention
  • Partner with organizational leaders and frontline staff to improve safety culture and processes
  • Educate all levels on the importance of early notification of patient safety events
  • Analyze experiential data and report trends to leadership
  • Serve as an advisor to physicians and Administration on issues related to disclosure, documentation, and management of untoward outcomes
  • Coordinate communication of preventable untoward outcomes to key corporate individuals as per protocol
  • Manage in collaboration with physician leadership as part of the peer review process
  • Collaborating with clinical and administrative teams to conduct risk assessments.
  • Promoting patient safety and error prevention through evidence-based practices.

Patient Safety/Risk Management

  • Investigate occurrences to identify Potential Compensable Events (PCEs) and work with Claims Management team to discuss and determine liability and causation
  • Work with the Claims Management team to process Notices of Claim (NOCs) for submission to Third Party Administrator (TPA) in a timely manner
  • Attend monthly Risk/Claims Management meetings to discuss assigned PCEs and NOCs. Meetings are held at Endeavor Health hospital sites on a rotating basis
  • Identify potential insurance claims, including tracking, reporting, and coordinating resolution with the Legal and Insurance attorneys/team
  • Develop and implement risk mitigation strategies and programs to reduce the hospital's exposure to liability and financial risks.
  • Liaising with insurance providers and legal counsel as needed

Other

  • Address and assist the Compliance team with the mitigation of mitigating compliance issues as necessary.
  • Analyzing data related to risk management, incidents, and claims to identify trends and areas for improvement.
  • Using data to inform risk reduction strategies.
  • Providing training and education to clinical, non-clinical, and administrative staff on risk management, patient safety, and legal considerations
  • Fostering a culture of risk awareness and safety
  • Developing and maintaining effective Work with and provide consultation to emergency preparedness leaders and responding plans to ensure the hospital's readiness for unforeseen events
  • Takes call 24/7 on a rotating basis.
  • Travel to Endeavor Health hospitals on an as needed basis

What you will need:

  • Bachelors Degree Health Administration Required Or
  • Bachelors Degree Nursing Required
  • 5+ Years Clinical experience And
  • 2 Years Patient safety/risk management experience as a specialty or associated with Clinical Leadership responsibilities And
  • Experience with Epic and RL Solutions preferred
  • Strong communication skills - written and verbal.
  • Ability to interact with all levels of the organization confidently and professionally.
  • Ability to partner with a wide range of team members, physicians and clinicians.
  • Conflict resolution and mediation skills.
  • Be flexible and adaptable to changing situations and priorities.
  • Ability to develop and present educational programs.
  • Strong investigative and analytical skills. Multi-tasking capacity.
  • Registered Nurse (RN) - Illinois Department of Financial and Professional Regulation (IDFPR) Preferred

Benefits for full and part time positions):

  • Premium pay for eligible employees
  • Career Pathways to Promote Professional Growth and Development
  • Various Medical, Dental, and Vision options
  • Tuition Reimbursement
  • Free Parking at designated locations
  • Wellness Program Savings Plan
  • Health Savings Account Options
  • Retirement Options with Company Match
  • Paid Time Off
  • Community Involvement Opportunities

Endeavor Health is a fully integrated healthcare delivery system committed to providing access to quality, vibrant, community-connected care, serving an area of more than 4.2 million residents across six northeast Illinois counties. Our more than 25,000 team members and more than 6,000 physicians aim to deliver transformative patient experiences and expert care close to home across more than 300 ambulatory locations and eight acute care hospitals - Edward (Naperville), Elmhurst, Evanston, Glenbrook (Glenview), Highland Park, Northwest Community (Arlington Heights) Skokie and Swedish (Chicago) - all recognized as Magnet hospitals for nursing excellence. For more information, visit www.endeavorhealth.org.

When you work for Endeavor Health, you will be part of an organization that encourages its employees to achieve career goals and maximize their professional potential.

Please explore our website (www.endeavorhealth.org) to better understand how Endeavor Health delivers on its mission to "help everyone in our communities be their best".

Endeavor Health is committed to working with and providing reasonable accommodation to individuals with disabilities. Please refer to the main career page for more information.

Diversity, equity and inclusion is at the core of who we are; being there for our patients and each other with compassion, respect and empathy. We believe that our strength resides in our differences and in connecting our best to provide community-connected healthcare for all.

EOE: Race/Color/Sex/Sexual Orientation/ Gender Identity/Religion/National Origin/Disability/Vets, VEVRRA Federal Contractor.


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