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Frm Certification Jobs in Illinois (NOW HIRING)

Roosevelt University

Adjunct Faculty, Finance

Chicago, IL · On-site

$4.50K/wk

... Certification/Licensure Required Minimum Qualifications Please see Knowledge, Skills and Abilities Required section. Preferred Qualifications * CFA designation * FRM designation * Professional ...

CloudDevs

AI Banking Tutor

Springfield, IL · On-site

$45/hr

... certifications such as CFA, FRM, CBCA, CAMS, or CPA Experience mentoring or training professionals in banking or finance Familiarity with AI systems, data annotation workflows, or technical ...

Deloitte

Financial Risk Senior Consultant

Chicago, IL · On-site

$120K/yr

Advanced degree and/or certification (e.g., Quant MS, MBA, FRM, CFA, CRCM, CPA, PMP). * Expertise in one or more Financial Risk domains: * Credit Risk: Underwriting and portfolio credit risk across ...

Capital One

Senior Auditor - Risk Management

Riverwoods, IL · On-site

$84.10K - $103.30K/yr

Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or Credit Risk Certification (CRC ...

Capital One

Senior Auditor - Risk Management

Chicago, IL · On-site

$83.40K - $102.50K/yr

Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or Credit Risk Certification (CRC ...

Milliman

ETF Portfolio Management Analyst

Chicago, IL · On-site

$97.87K - $161.58K/yr

Enrolled or seeking to enroll in the CFA or FRM program Additional Knowledge and Skills to Build ... certifications, etc. Benefits We offer a comprehensive benefits package designed to support ...

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How much do frm certification jobs pay per hour?

As of May 28, 2026, the average hourly pay for frm certification in Illinois is $27.61, according to ZipRecruiter salary data. Most workers in this role earn between $18.65 and $26.11 per hour, depending on experience, location, and employer.

What is the difference between Frm Certification vs Risk Analyst?

AspectFrm CertificationRisk Analyst
CredentialsFRM designation, passing two examsTypically a bachelor's degree, sometimes certifications like FRM or CFA
Work EnvironmentFinancial institutions, risk management departmentsBanking, investment firms, corporate finance
Industry UsagePrimarily in risk management rolesBroader finance roles including risk, analysis, and advisory

The FRM certification is a specialized credential focused on risk management principles, while a Risk Analyst is a job role that may or may not require FRM certification. The FRM enhances expertise in risk assessment, whereas Risk Analysts apply these skills in various financial settings.

What are popular job titles related to Frm Certification jobs in Illinois? For Frm Certification jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Frm Certification jobs in Illinois look for? The top searched job categories for Frm Certification jobs in Illinois are:
What cities in Illinois are hiring for Frm Certification jobs? Cities in Illinois with the most Frm Certification job openings:
Frm Certification jobs near you
Infographic showing various Frm Certification job openings in Illinois as of May 2026, with employment types broken down into 9% As Needed, 68% Full Time, 18% Part Time, and 5% Contract. Highlights an 86% Physical, and 14% Remote job distribution, with an average salary of $57,421 per year, or $27.6 per hour.
Asset and Liability Management Risk Manager - Financial Risk Management

Asset and Liability Management Risk Manager - Financial Risk Management

Western Alliance Bancorporation

Chicago, IL • On-site

$159.75K - $197.33K/yr

Full-time

Medical, Dental, Retirement

Posted 9 days ago

Job description

Job Title:
Asset and Liability Management Risk Manager - Financial Risk Management
Location:
IL - Chicago LPO
What you'll do:
The Market Risk Team within Financial Risk Management (FRM) oversees risk taking activities of Treasury focusing specifically on Interest Rate Risk. The team facilitates effective use of risk appetite to monitor and assess risk-taking activities. The group also plays a key role in keeping senior management appraised of the Company's market risk profile. This is achieved by using risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.
  • You'll provide independent risk oversight, challenge, and assessment of interest rate risk exposure with a strong emphasis on quantitative analysis, use of management judgement, and data validation using quantitative techniques
  • Review scenario design, model configurations, and results produced in the Quantitative Risk Management tool (QRM) (e.g., Economic Value of Equity/Earnings at Risk, forecast runs, Funds Transfer Pricing linkages); independently replicate or sensitivity-test key assumptions using quantitative techniques where direct QRM instance access is not available.
  • Develop robust processes and tools to validate key financial assumptions, such as deposit behaviors, prepayment trends, and pricing strategies, and ensure QRM results are accurately reconciled with source systems and established policy limits.
  • Lead structured challenge sessions and memorialize outcomes in memos/minutes consistent with FRM governance and practices.
  • Produce Second Line of Defense Asset Liability Management/Interest Rate Risk dashboards and narratives for the Asset Liability Committee/Financial Risk Management governance, highlighting drivers of risk and emerging issues.
  • Assist in developing and enhancing the market risk management framework, including the design and implementation of risk metrics, reporting processes, and limit structures

What you'll need:
  • 5+ years in Asset Liability Management/Interest Rate Risk in the Banking Book, with at least 2+ years in Second Line of Defense/Model Risk Management or other independent oversight roles.
  • Bachelor's degree in related field required.
  • Hands-on QRM proficiency (Asset Liability Management/Interest Rate Risk modules; comfort reading QRM output structures, assumptions, and libraries). Ability to replicate Economic Value of Equity/Earnings at Risk and Net Interest Income sensitivities via Python/R/Structured Query Language when needed.
  • Advanced knowledge and experience with tools like Python, Structured Query Language, or R for data analysis and quality checks is a plus, along with familiarity with version control and an interest in process improvement.
  • Advanced knowledge of Asset Liability Management concepts & policy (betas, decays, prepay, deposit segmentation, Funds Transfer Pricing, hedging), and Interest Rate Risk/Asset Liability Management governance. Knowledge of ALM concepts & policy (betas, decay rates, prepay, deposit segmentation, FTP, hedging), and IRR/ALM governance.
  • Professional certification such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), or Chartered Financial Analyst (CFA) preferred.
  • Advanced speaking and writing communication skills.

Compensation: Salary range for new hires is generally $159,745.00 - $197,331.00 for Chicago, IL. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock.
Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation

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