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Head Of Risk Jobs in Chicago, IL (NOW HIRING)

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

S. ISOs and transition to margin-based trading, we need a Head of Risk who can design the enterprise risk framework that makes it all possible. This role works in close partnership with and in ...

Geneva Trading

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

The Global Head of Market Risk Management will play a key role in the trading firm's dynamic environment. This person will develop and apply analytic tools and techniques to define and enhance our ...

tastytrade

Head of Fraud Risk

Chicago, IL · On-site

$195K - $250K/yr

Head of Business Operations Employment Type: Full-Time Salary : $195,000 - $250,000 As the Head of Fraud Risk, you will build out and lead the Fraud Function at tastytrade. This is a high-visibility ...

tastylive

Head of Fraud Risk

Chicago, IL · On-site

$195K - $250K/yr

Head of Business Operations Employment Type: Full-Time Salary : $195,000 - $250,000 As the Head of Fraud Risk, you will build out and lead the Fraud Function at tastytrade. This is a high-visibility ...

tastytrade

Head of Fraud Risk

Chicago, IL

$195K - $250K/yr

Head of Business Operations Employment Type: Full-Time Salary : $195,000 - $250,000 As the Head of Fraud Risk, you will build out and lead the Fraud Function at tastytrade. This is a high-visibility ...

tastylive

Head of Fraud Risk

Chicago, IL · On-site

$195K - $250K/yr

Head of Business Operations Employment Type: Full-Time Salary : $195,000 - $250,000 As the Head of Fraud Risk, you will build out and lead the Fraud Function at tastytrade. This is a high-visibility ...

Hightower

Head of Procurement

Chicago, IL · On-site

$160K - $180K/yr

The Head of Procurement is a pivotal leadership role within the Finance & Real Estate organization ... Enhance existing vendor risk management practices in partnership with Compliance and InfoSec.

hightower

Head of Procurement

Chicago, IL · Hybrid

$160K - $180K/yr

The Head of Procurement is a pivotal leadership role within the Finance & Real Estate organization ... Enhance existing vendor risk management practices in partnership with Compliance and InfoSec.

JLL

Global Head of Benefits

Chicago, IL

Global Head of Benefits Total Rewards | Global HR | JLL The healthcare and benefits landscape is ... Direct due diligence for M&A activities - identifying benefits-related risk, designing integration ...

CCC Information Services

Head of Compliance

Chicago, IL · On-site

$181.03 - $293/hr

Head of ComplianceSkip to main contentThis website uses cookies to analyze site traffic/performance ... Risk Management & Second Line of Defense*** Serve as the enterprise "second line of defense ...

Canopius

Head of Programs

Chicago, IL · On-site

$200K - $232K/yr

The Role The US Head of Programs is a senior portfolio management position responsible for the ... risk appetite, etc. Operational and Cross-Functional * Manage the full life-cycle of the launch of ...

Cedar Pine, LLC

Head of Technology

Northbrook, IL · On-site

$225 - $250/hr

Cedar Pine is seeking a Head of Technology to serve as the firm's senior technology leader and ... Cybersecurity, Risk Management, and Controls * Own and continuously improve Cedar Pine ...

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Optiver

Head of Accounting

Chicago, IL

The Head of Accounting will lead the firm's technical accounting and policy function, ensuring high ... This role partners closely with Finance leadership, Risk, Legal/Compliance, and the business to ...

Optiver

Head of Accounting

Chicago, IL · On-site

The Head of Accounting will lead the firm's technical accounting and policy function, ensuring high ... This role partners closely with Finance leadership, Risk, Legal/Compliance, and the business to ...

Cushman & Wakefield

Head of EHS Americas

Chicago, IL

$85K - $116K/yr

The Head of Americas EHS will work in partnership with key operational stakeholders including ... The role will focus on regional EHS initiatives that will prioritise high potential risk.

Cccis

Head of Compliance

Chicago, IL

$129K - $174K/yr

The Role CCC Intelligent Solutions is seeking a Head of Compliance (HOC) to lead and continuously ... Proven ability to balance risk mitigation with business enablement and growth priorities Preferred ...

U.S. Bank

Head of AI Delivery

Chicago, IL · On-site

$218K/yr

Head of AI Solutions This role operates across innovation, execution, governance, and ... Maintain strong regulatory, risk, ethical, and Responsible AI practices, proactively addressing ...

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All JobsHead Of Risk JobsHead Of Risk Jobs in Chicago, IL

Head Of Risk information

See Chicago, IL salary details

$55.7K

$147.6K

$268K

How much do head of risk jobs pay per year?

As of Jul 27, 2026, the average yearly pay for head of risk in Chicago, IL is $147,617.00, according to ZipRecruiter salary data. Most workers in this role earn between $108,800.00 and $172,700.00 per year, depending on experience, location, and employer.

How much does a head of risk earn?

The salary of a Head of Risk typically ranges from $100,000 to $200,000 annually, depending on the industry, company size, location, and experience. Senior risk management roles often include bonuses and benefits, and certifications like FRM or CFA can influence compensation.

What jobs pay 500,000 a year in the US?

High-level executive roles such as Chief Executive Officers, Chief Financial Officers, and other C-suite positions often have annual compensation exceeding $500,000, especially in large corporations. Additionally, specialized roles like investment bankers, senior surgeons, and successful entrepreneurs can also reach or surpass this income level, often requiring advanced skills, extensive experience, and significant responsibility.

How much does a head of risk make?

The salary of a Head of Risk typically ranges from $100,000 to $200,000 annually, depending on the industry, company size, and location. Senior risk management roles often include bonuses and benefits, and candidates with certifications like FRM or CFA may command higher compensation.

What does a head of risk do?

A head of risk is responsible for identifying, assessing, and managing an organization's risks to minimize potential losses. They develop risk management strategies, oversee compliance with regulations, and often use tools like risk assessment software to monitor threats across the company. Strong analytical skills and industry certifications are typically required for this role.

What are the key skills and qualifications needed to thrive as a Head of Risk, and why are they important?

To thrive as a Head of Risk, you need deep expertise in risk management, analytical skills, and a relevant degree such as finance, economics, or business, often supported by certifications like FRM or PRM. Familiarity with risk assessment tools, regulatory compliance software, and data analytics platforms is typically required. Strong leadership, strategic thinking, and clear communication are crucial soft skills that help manage teams and influence organizational direction. These skills ensure effective identification, mitigation, and communication of risks, safeguarding the organization's assets and reputation.

What are the main challenges a Head of Risk faces in aligning risk management with overall business strategy?

A Head of Risk often encounters the challenge of ensuring that risk management practices are not seen as barriers but as integral parts of strategic decision-making. This requires close collaboration with executive leadership and other departments to embed a risk-aware culture without hindering innovation. Balancing regulatory compliance, business objectives, and emerging risks—such as cyber threats or market volatility—demands strong communication skills and adaptability. Regularly updating risk frameworks to reflect the evolving business environment is also essential for success in this role.
What are the most commonly searched types of Of Risk jobs in Chicago, IL? The most popular types of Of Risk jobs in Chicago, IL are:
What are popular job titles related to Head Of Risk jobs in Chicago, IL? For Head Of Risk jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Head Of Risk jobs in Chicago, IL look for? The top searched job categories for Head Of Risk jobs in Chicago, IL are:
Head Of Risk jobs near you
Infographic showing various Head Of Risk job openings in Chicago, IL as of July 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $147,617 per year, or $71 per hour.

Head of Risk

ElectronX

Chicago, IL • On-site

$225K - $300K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 28 days ago

Job description

Who are we?
ElectronX® is the first U.S.-regulated, direct access electricity derivatives market, offering financial products to address volatile short-term price exposure to electricity. With offices in Chicago and New York City, ElectronX is building the missing financial infrastructure and risk management tools necessary to smooth the path for U.S. energy production, diversification and grid expansion in a time of rapidly increasing power demand.
ElectronX is a venture capital-backed startup supported by premier VC partners including Innovation Endeavors, Systemiq Capital, Equinor Ventures, Shell Ventures LLC, DCVC, Amplo, BoxGroup and Lightning Capital.
Who are we looking for?
As a fast-growing company in the highly competitive, quantitative capital markets industry, ElectronX values candidates who are resourceful, curious and adaptable to change. Our cultural focus on innovation requires collaborative and entrepreneurial teammates with the intellectual grit necessary for near- and long-term success.
ElectronX is building a CFTC-regulated Derivatives Clearing Organization from the ground up, and risk management is the backbone of everything we do. As we expand across all U.S. ISOs and transition to margin-based trading, we need a Head of Risk who can design the enterprise risk framework that makes it all possible. This role works in close partnership with and in support of ElectronX's Chief Risk Officer to build and execute that framework.
This isn't a role where you inherit a risk program and maintain it. You're building it. You'll define how ElectronX thinks about risk across every dimension: market, credit, counterparty, operational, and liquidity. You'll set the risk appetite for a fast-growing exchange, stand up the monitoring and surveillance infrastructure, and make sure we're not just compliant but ahead of where regulators are going.
The right person has seen risk management done well at established institutions and knows what to take from that experience and what to leave behind. You want to build a risk function that's modern, quantitative, and designed for the speed and complexity of energy markets.
What will you be doing?
Enterprise Risk Framework
  • Own the end-to-end risk management framework for the exchange and DCO.
  • Define the enterprise risk appetite and tolerance statement.
  • Build the risk governance structure including policies, procedures, and escalation frameworks.
  • Establish risk reporting to the Board, regulators, and senior leadership.
  • Develop and chair the Risk Committee.

Market & Credit Risk
  • Design and oversee margin model validation, stress testing, and back-testing programs.
  • Manage counterparty credit risk assessment and ongoing monitoring for clearing members.
  • Develop position limits, concentration risk policies, and large trader surveillance.
  • Build default fund sizing methodologies and maintain the default waterfall.
  • Own recovery and resolution planning.

Operational & Liquidity Risk
  • Stand up the operational risk program covering technology risk, business continuity, and third-party risk management.
  • Build real-time risk monitoring and surveillance systems that can scale with 24x7 trading.
  • Manage liquidity risk including liquidity stress testing and contingency funding planning.
  • Establish robust financial controls for wire processing, cash reconciliation, and treasury operations.
  • Ensure full compliance with customer funds segregation and protection requirements.

Regulatory
  • Serve as the primary risk liaison with the CFTC and other regulatory bodies.
  • Lead risk-related regulatory filings, rule submissions, and examination readiness.
  • Ensure compliance with CFTC Part 39 requirements around risk management, financial resources, and default procedures.
  • Stay ahead of evolving regulatory expectations and proactively adapt the risk framework.

Team & Stakeholders
  • Build and lead a high-performing risk management team.
  • Collaborate closely with compliance and finance on margin model design and clearing risk integration, and work cross-functionally with engineering, product, and commercial teams to embed risk thinking into business decisions.
  • Manage relationships with regulators, clearing members, and industry risk bodies.
  • Represent ElectronX in industry risk forums and working groups.
What we need from you
Technical Acumen
  • 10+ years in risk management at an exchange, CCP, FCM, or major financial institution.
  • Deep expertise in derivatives risk including margin, default management, and systemic risk.
  • Proven track record building or significantly transforming a risk function, not just maintaining one.
  • Strong regulatory relationship management, ideally with the CFTC or equivalent bodies.
  • Experience with enterprise risk governance, Board-level risk reporting, and risk committee leadership.
  • Expert quantitative skills in risk modeling, VaR, stress testing, scenario analysis, and back-testing.
  • Deep understanding of margin methodologies including SPAN, VaR-based, and historical simulation approaches.
  • Experience with real-time risk monitoring systems and surveillance technology.
  • Ability to translate risk requirements into technical specifications and work effectively with engineering teams.

The Right Mindset
  • Frameworks first: You think in frameworks, not checklists.
  • Practical rigor: You're someone who builds risk programs that are robust enough to satisfy regulators and practical enough that the business actually uses them.
  • Rigor with speed: You balance rigor with speed because you understand that in a startup, waiting for perfection means falling behind.
  • Clear communicator: You're a clear communicator who can make risk concepts accessible to the Board, to engineers, and to commercial teams.
  • Builder mentality: You want to build something from scratch and put your stamp on it.

Nice to Have
  • FRM, PRM, CFA, or equivalent certification.
  • Experience in energy or commodity risk management.
  • Background at a DCO or CCP during a launch or major expansion phase.
  • Knowledge of real-time payments, digital asset risk, or emerging market infrastructure.
  • Established relationships within the clearing and risk management community.
  • Experience with international risk frameworks and cross-border regulatory coordination.
Benefits
  • Health, vision and dental insurance
  • 401(k) match
  • Supplemental health and disability insurance
  • Unlimited vacation
  • Parental leave

Equal Opportunity Statement:
ElectronX is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
This position is not eligible for immigration sponsorship.

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