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

Revenue Cycle Manager

Hopedale, IL · On-site

$82K - $84K/yr

The manager works collaboratively with clinical, administrative, and financial teams to identify opportunities for improvement, reduce financial risk, and promote operational excellence. What You'll ...

Bachelor's degree in Insurance, Finance, Risk Management, Mathematics, or related field * Typically requires 7+ years of progressive reinsurance or insurance experience Preferred or Specialized * N/A ...

New

Bachelor's degree in Insurance, Finance, Risk Management, Mathematics, or related field * Typically requires 7+ years of progressive reinsurance or insurance experience Preferred or Specialized * N/A ...

... Management Agency (IEMA) And And Advanced Cardiac Life Support (ACLS) within 1 year - American Heart Association (AHA) S pecialized Knowledge and Skills Requirements Capacity to learn and retain ...

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Financial Risk Manager information

See Peoria, IL salary details

$50.5K

$109.5K

$166.8K

How much do financial risk manager jobs pay per year?

As of Aug 23, 2026, the average yearly pay for financial risk manager in Peoria, IL is $109,457.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,300.00 and $126,600.00 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 Peoria, IL look for?

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

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

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

Infographic showing various Financial Risk Manager job openings in Peoria, IL 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 $109,457 per year, or $52.6 per hour.

Director of Safety & Risk Management

Altorfer CAT

East Peoria, IL

$95K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 18 days ago


Altorfer CAT rating

6.1

Company rating: 6.1 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

149th of 175 rated vehicle equipment hire


Job description

Working Hours/DaysWorking Hours: 8:00 am to 5:00 pm Monday - Friday, additional hours if necessary Travel Required: 30-40% throughout Altorfer's territory in Iowa, Illinois, Indiana, and Missouri, including overnight travel Overview

Altorfer, a leading Caterpillar dealer serving customers throughout Iowa, Illinois, Indiana, and Missouri, is seeking a strategic and results-oriented Director of Safety & Risk Management. With approximately 1,400 employees and 38 locations, this leader is responsible for developing, implementing, and continuously improving enterprise safety, operational risk, environmental compliance, loss prevention, and insurable risk programs that protect employees, customers, property, and Altorfer's reputation.

 

At Altorfer, safety is not a department-it's a core business value. The Director of Safety & Risk Management will play a critical leadership role in protecting our employees, supporting our customers, and ensuring the long-term success of a company that has proudly represented Caterpillar and its customers for generations. This role provides strategic leadership across and partners closely with executive and operational leaders to reduce risk, strengthen accountability, and improve performance.

Basic Duties
  • Safety Strategy: Lead enterprise safety strategy, promote a proactive safety culture, and strengthen leadership accountability.
  • Risk Management: Identify and reduce safety, operational, environmental, fleet, property, regulatory, and reputational risk.
  • Compliance: Ensure compliance with OSHA, DOT, EPA, MSHA, and applicable state safety and environmental requirements.
  • Insurance and Claims: Manage insurance programs, claims strategy, broker/carrier relationships, litigation trends, and return-to-work efforts.
  • Incident Response: Lead serious-incident response, investigations, corrective actions, and executive risk escalation.
  • Programs and Training: Oversee safety training, audits, emergency preparedness, driver safety, contractor safety, and compliance systems.
  • Leadership and Partnership: Lead the safety team and advise executive and operational leaders on safety, risk, claims, facilities, and major projects.
  • Financial and Performance Management: Manage budgets, evaluate risk-reduction investments, track key metrics, and drive timely corrective action.
  • Perform other duties consistent with the scope and level of the position.
Qualifications
  • Bachelor's degree in Occupational Safety, Risk Management, Environmental Health & Safety, Industrial Technology, Business, or related field required.
  • Minimum seven years of progressive safety, environmental, insurance, claims, or operational risk leadership experience; ten or more years preferred.
  • Experience leading multi-site operations, driving safety culture, and influencing leaders and employees across all levels of the organization.
  • Strong knowledge of OSHA and risk management principles; DOT, EPA, MSHA, state requirements, and industrial hygiene experience preferred.
  • Experience managing insurance programs, broker/carrier relationships, claims strategy, litigation trends, and return-to-work programs.
  • Experience in heavy equipment, construction, industrial, manufacturing, transportation, rental, dealership, or similar field-based operations preferred.
  • Professional certification such as CSP, ARM, CPCU, CIH, or CRIS preferred.
  • Strong leadership, coaching, communication, analytical, organizational, and change-management skills.
  • Ability to interpret regulations, prepare clear policies and reports, deliver executive-level presentations, and use data to guide decisions.
  • Proficiency with Microsoft Office and relevant safety, claims, and compliance systems.
  • Valid driver's license and ability to satisfy Altorfer's fleet eligibility requirements. This includes no more than 2 minor violations within the past 3 years and no major violations within the past 5 years (Motor Vehicle Report will be performed on final candidate)

Success Measures: Success will be measured by improved safety performance, reduced risk and claims costs, timely corrective-action closure, effective training and audit completion, stronger regulatory outcomes, consistent programs across locations, and development of a high-performing safety team.

Altorfer offers an industry leading compensation and benefit package:

  • Health, Dental, Vision, Disability, and Life Insurance
  • 401(k)
  • Paid Holidays
  • Paid Parental Leave and Funeral Leave        
  • Paid Time Off: Prorated 80 hours of PTO
  • Education Assistance
  • Voluntary Benefits: Supplemental Insurance, Accident, Critical and Hospital Indemnity Insurance, Legal Assistance and Identity & Fraud Protection

Payrate: $95,000.00 - $140,000.00 annual

Posted MinUSD $95,000.00/Yr.Posted MaxUSD $140,000.00/Yr.Physical Requirements/Working Conditions

This position works in office, branch, shop, warehouse, yard, customer-worksite, and field environments. Travel of approximately 30-40%, including overnight travel, is required. The role must be available outside normal business hours when serious incidents, regulatory matters, or business needs require leadership response.

The employee must be able to safely access and move through office, service, warehouse, yard, and jobsite environments and use required personal protective equipment, which may include safety glasses, safety footwear, gloves, hearing protection, and high-visibility apparel. Reasonable accommodations may be made to enable qualified individuals to perform the essential functions of the position.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran

Why Work for Altorfer? 

At Altorfer, our iron is just the beginning. Our people make our company successful, and we would not be who we are without them. As a third generation, family-owned company created in 1957, we bring our values into how we do business. Everyone from technicians, sales representatives, administrative professionals, or somewhere in between is part of the "A-Team" and is crucial to our success. Here at Altorfer, we have over 35 locations and 1400 employees with long tenure for you to learn from. We have a collaborative, family valued culture, with a great reputation in the industry. A company that offers competitive pay, excellent benefits, and a remarkable team of people to work with. 

 

Employment Type: FULL_TIME

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