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Financial Risk Manager Jobs in Aurora, IL (NOW HIRING)

DV Trading

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 ...

DV Trading

Credit Risk Manager

Chicago, IL

$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 ...

Early Warning Services

IT Risk Manager

Chicago, IL · Hybrid

S. financial system for over thirty years with cutting-edge solutions like Zelle, Paze, and so much ... Overview The Manager, Risk Management is responsible for the building and coordination of a ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

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

Bank of Montreal

Third Party Risk Manager

Chicago, IL · On-site

$57K - $106K/yr

Management of risk stakeholder program execution and interaction with Third Party Risk Specialists ... Familiar with financial products and services * Strong communication skills, both verbal and ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

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

BMO Capital Markets

Third Party Risk Manager

Chicago, IL · On-site

$57K - $106K/yr

Management of risk stakeholder program execution and interaction with Third Party Risk Specialists ... Familiar with financial products and services * Strong communication skills, both verbal and ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

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

Bank of Montreal

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 ...

BMO Capital Markets

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 ...

William Blair

Senior Risk Analyst

Chicago, IL · Hybrid

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 ...

Peterson Technology Partners

Model Risk Analyst

Chicago, IL · On-site

$75K - $125K/yr

... management practices. * Automate and Optimize: Recommend new ways to automate and improve the modeling process, ensuring efficiency and accuracy in our financial risk assessments. What You Can Expect:

Crowe LLP

Third Party Risk Manager

Chicago, IL · On-site

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

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All JobsFinancial Risk JobsFinancial Risk Manager JobsFinancial Risk Manager Jobs in Aurora, IL

Financial Risk Manager information

See Aurora, IL salary details

$51.4K

$111.3K

$169.6K

How much do financial risk manager jobs pay per year?

As of Aug 23, 2026, the average yearly pay for financial risk manager in Aurora, IL is $111,289.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,800.00 and $128,700.00 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 job categories do people searching Financial Risk Manager jobs in Aurora, IL look for?

The top searched job categories for Financial Risk Manager jobs in Aurora, IL are:

What cities near Aurora, IL are hiring for Financial Risk Manager jobs?

Cities near Aurora, IL with the most Financial Risk Manager job openings:

Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Aurora, IL as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 12% Part Time, and 5% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $110,600 per year, or $53.2 per hour.

Credit Risk Manager

DV Trading

Chicago, IL • On-site

$150K - $200K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 23 days ago

Job description

About Us:
Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.
Overview:
DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management function by evaluating clients, counterparties, and credit investments while identifying, measuring, and mitigating risk across the firm's global trading activities. This role will partner closely with senior leadership to enhance the firm's credit risk framework, deliver actionable risk insights, and support strategic decision-making as DV continues to expand its products and markets.
Responsibilities:
  • Lead Counterparty and Credit Risk Management practice at DV Trading by engaging business partners to perform diligence and credit risk analysis of clients, counterparties, and credit investments (such as corporate bonds or loans)
  • Own and develop a Credit Risk framework and advise senior leadership on our evolving trading business and strategic oversight to develop leading risk metrics and appropriately measure and manage emerging risks and products
  • Recommend internal credit risk ratings based on a firmwide model and prepare written assessments to substantiate the periodic credit review for rating upgrades/downgrades
  • Perform portfolio reviews and evaluate potential exposures
  • Co-Lead the Credit Risk Committee with the CFO and CRO by preparing materials that clearly communicate Counterparty and Credit Risk Analytics to senior management by building your own data, metrics, trends, and recommendations

Requirements:
  • Minimum of 5 years of experience in counterparty or credit risk management with a preference for experience in the proprietary trading industry
  • Preference for prior experience in credit risk for analyzing commodities producers/consumers, digital assets, and financial institutions
  • Confidence to resolve complex client challenges or learn new products by collaborating with business partners
  • Strong proficiency in Microsoft Office Suite, SQL, Python, data visualization tools
  • Excellent cross-functional collaboration skills, including navigating leadership and interpersonal working relationships

Benefits:
  • Discretionary bonus eligibility
  • Medical, dental, and vision insurance
  • HSA, FSA, and Dependent Care Options
  • Employer Paid Group Term Life and AD&D insurance
  • Voluntary LTD, Life & AD&D insurance
  • Flexible Vacation policy
  • Retirement plan with employer match

DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.
The range below reflects the expected base salary for this position. It represents a good-faith estimate of the base pay we anticipate offering, with actual compensation determined by your experience, education, skills, and performance throughout the interview process. This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading's benefits package, including the benefits listed above.
Base Salary Range
$150,000-$200,000 USD

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