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Freelance Portfolio Risk Management Jobs in Illinois

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

The ideal candidate will act as a strategic partner to the investment team, providing actionable insights on portfolio construction, diversification, and downside risk management. Essential Duties ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

The ideal candidate will act as a strategic partner to the investment team, providing actionable insights on portfolio construction, diversification, and downside risk management. Essential Duties ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

The ideal candidate will act as a strategic partner to the investment team, providing actionable insights on portfolio construction, diversification, and downside risk management. Essential Duties ...

Bank of Montreal

Data Management Risk Officer

Chicago, IL · On-site

$102K - $190K/yr

Provide effective challenge and independent oversight across data management and regulatory analytics by leading self-assessments and compliance reviews, assessing portfolio risk exposure, and ...

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Freelance Portfolio Risk Management information

What is the difference between Freelance Portfolio Risk Management vs Freelance Risk Analyst?

AspectFreelance Portfolio Risk ManagementFreelance Risk Analyst
CredentialsRelevant certifications (FRM, PRM), industry experienceCertifications like FRM, CFA, or similar, analytical skills
Work EnvironmentIndependent, client-based, often remoteIndependent, client-based, often remote
Industry UsageFinancial services, investment firms, asset managersFinancial institutions, consulting firms, investment firms
Search & Comparison IntentUnderstanding risk management in portfolios, strategic risk assessmentAnalyzing specific risks, data analysis, risk modeling

Freelance Portfolio Risk Management focuses on overseeing entire investment portfolios' risk exposure, developing strategies to mitigate potential losses. In contrast, a Freelance Risk Analyst typically conducts detailed risk assessments and data analysis for specific projects or assets. Both roles require financial certifications and analytical skills but differ in scope and focus.

What are the most commonly searched types of Portfolio Risk Management jobs in Illinois?

The most popular types of Portfolio Risk Management jobs in Illinois are:

What are popular job titles related to Freelance Portfolio Risk Management jobs in Illinois?

For Freelance Portfolio Risk Management jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Freelance Portfolio Risk Management jobs in Illinois look for?

The top searched job categories for Freelance Portfolio Risk Management jobs in Illinois are:

What cities in Illinois are hiring for Freelance Portfolio Risk Management jobs?

Cities in Illinois with the most Freelance Portfolio Risk Management job openings:

Freelance Portfolio Risk Management jobs near you
Infographic showing various Freelance Portfolio Risk Management job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 18% Part Time, and 2% Contract. Highlights an 82% Physical, 3% Hybrid, and 15% Remote job distribution.

Manager, Credit Risk & Portfolio Analytics

Artius Solutions

Chicago, IL • On-site

Full-time

Re-posted 16 days ago

Job description

Manager, Credit Risk & Portfolio Analytics

Location: Chicago, IL (Hybrid)
Employment Type: Full-Time

Overview

Our client, a large and well-established financial services organization based in Chicago, is seeking a Manager, Markets Credit to lead credit risk oversight across mortgage-related assets and fixed income investment portfolios.

This role will manage a team responsible for developing and maintaining credit risk models, performing scenario analysis and stress testing, and monitoring portfolio risk trends. The position will also collaborate closely with cross-functional teams to support investment strategies, product development initiatives, and regulatory compliance efforts.

The ideal candidate is a strong analytical leader with experience in credit risk modeling, mortgage or structured finance exposure, and a track record of leading high-performing analytical teams.

Key ResponsibilitiesCredit Risk Oversight

  • Oversee the monitoring and analysis of credit risk exposures within mortgage-related and investment portfolios.

  • Identify emerging risk trends and provide insights into portfolio performance and risk concentrations.

  • Ensure risk management frameworks support sound portfolio management and investment decision-making.

Credit Modeling & Analytics

  • Lead the development and maintenance of credit risk models including prepayment, default, and loss forecasting models.

  • Manage model assumptions, calibration, validation support, and performance monitoring.

  • Conduct model back-testing and benchmarking to evaluate model effectiveness and recommend improvements.

  • Design analytical tools and risk frameworks to evaluate credit enhancement adequacy and portfolio resilience.

Stress Testing & Scenario Analysis

  • Lead scenario analysis and macroeconomic stress testing across mortgage and investment portfolios.

  • Evaluate portfolio sensitivity to changing market conditions and economic variables.

  • Present findings and recommendations to senior stakeholders.

Regulatory & Governance Collaboration

  • Partner with model validation teams, internal audit, and regulatory stakeholders to ensure models and processes meet governance requirements.

  • Support regulatory reporting and model documentation standards.

Data & Process Innovation

  • Identify opportunities to enhance risk monitoring through advanced analytics, automation, and improved data infrastructure.

  • Lead initiatives that improve analytical efficiency and portfolio risk transparency.

Team Leadership & Stakeholder Collaboration

  • Lead and develop a team of credit risk analysts and quantitative professionals.

  • Provide mentorship, performance management, and guidance on analytical methodologies.

  • Build strong partnerships with internal teams including finance, treasury, operations, legal, and risk management.

QualificationsEducation

  • Bachelor’s degree in Mathematics, Finance, Economics, Statistics, Computer Science, or a related quantitative discipline

  • Master’s degree preferred

Certifications (Preferred)

  • CFA or FRM designation or candidacy

Experience

  • 5+ years of experience in credit risk modeling, quantitative analytics, or financial risk management

  • 2+ years of people management experience

  • Experience working with mortgage assets, fixed income securities, or structured finance portfolios

Technical Skills

  • Strong experience developing predictive statistical models and analytical frameworks

  • Proficiency with SQL, Python, or R

  • Experience with business intelligence and analytics tools such as Tableau or Alteryx

  • Strong data analysis and modeling capabilities

Risk & Regulatory Knowledge

  • Familiarity with credit risk management frameworks and model governance

  • Experience supporting model validation, regulatory reviews, or audit processes

  • Understanding of mortgage lending, underwriting, or servicing processes is a plus

Leadership & Communication

  • Ability to lead and develop analytical teams

  • Strong stakeholder communication and presentation skills

  • Ability to translate complex analytical findings into actionable insights for business leaders

  • Strong problem-solving and critical thinking skills

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