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Intern Bank Risk Management Jobs in Deerfield, IL

Wintrust

Risk Management Officer

Rosemont, IL · On-site

Wintrust provides community and commercial banking, specialty finance and wealth management ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

Wintrust

Risk Management Officer

Rosemont, IL · Hybrid

Wintrust provides community and commercial banking, specialty finance and wealth management ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

Wintrust

Risk Management Analyst

Northbrook, IL

... or Management. The associate will make informed decisions based on Risk evaluation criteria ... Conduct bank references, market references and policy/funding verifications on necessary entity ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

... or Management. The associate will make informed decisions based on Risk evaluation criteria ... Conduct bank references, market references and policy/funding verifications on necessary entity ...

Fifth Third

Credit Risk Officer II

Chicago, IL

Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: Pursuant to the Bancorp Risk Framework, executes credit risk management strategies and policies, exercising independent judgement ...

Associated Bank - Corp

Model Risk Manager

Chicago, IL · On-site

... Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best practices. This role partners across the organization to strengthen risk oversight, provide ...

US Bank

Impact Finance Officer

Chicago, IL

Industry Credit Risk Management - IF Officer is responsible for portfolio management of the bank-wide Impact Finance (IF - formerly Community Development Corp) portfolio across U.S. Bank. IF is part ...

Associatedbank

Model Risk Manager

Chicago, IL · On-site

... Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best practices. This role partners across the organization to strengthen risk oversight, provide ...

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All JobsIntern Bank Risk Management JobsIntern Bank Risk Management Jobs in Deerfield, IL

Intern Bank Risk Management information

See Deerfield, IL salary details

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How much do intern bank risk management jobs pay per hour?

As of Jul 26, 2026, the average hourly pay for intern bank risk management in Deerfield, IL is $17.32, according to ZipRecruiter salary data. Most workers in this role earn between $14.66 and $19.57 per hour, depending on experience, location, and employer.

What kinds of projects or tasks can an Intern in Bank Risk Management expect to work on?

As an Intern in Bank Risk Management, you can expect to assist with data analysis, preparing risk reports, and helping to identify potential risks in various banking operations. You'll likely work closely with experienced analysts to review credit, market, or operational risk exposures, and may participate in risk assessment meetings or audits. This role often involves cross-departmental collaboration, giving you valuable insight into how risk management supports the bank’s overall strategy and compliance efforts.

What are the key skills and qualifications needed to thrive as an Intern in Bank Risk Management, and why are they important?

To thrive as an Intern in Bank Risk Management, you typically need a background in finance, economics, or a related field, strong analytical abilities, and proficiency with data analysis. Familiarity with risk assessment tools, Microsoft Excel, and sometimes software like SAS or SQL is often expected, alongside knowledge of relevant regulations. Strong attention to detail, effective communication, and a proactive attitude help interns stand out in this role. These skills are crucial to accurately identify, assess, and communicate risks, supporting the bank’s overall stability and compliance.

What does an Intern in Bank Risk Management do?

An Intern in Bank Risk Management assists in identifying, analyzing, and monitoring risks that could affect the bank’s financial health and operations. Their tasks often include supporting risk assessments, preparing reports, and helping ensure compliance with regulatory requirements. Interns may work with data analysis tools, attend meetings with risk managers, and learn about credit, market, and operational risks. This role offers valuable exposure to risk management processes and helps interns develop analytical and problem-solving skills.

What is the difference between Intern Bank Risk Management vs Intern Credit Analyst?

AspectIntern Bank Risk ManagementIntern Credit Analyst
Required CredentialsTypically pursuing finance, economics, or related degrees; some certifications beneficialSimilar educational background; certifications like CFA may be advantageous
Work EnvironmentBank risk departments, analyzing overall risk exposureCredit departments, assessing individual or corporate creditworthiness
Employer & Industry UsageCommon in banking and financial institutionsWidely used in banks, lending institutions, and credit agencies
Comparison Search IntentUnderstanding risk management roles in bankingFocusing on credit analysis and lending decisions

Intern Bank Risk Management and Intern Credit Analyst roles share similar educational backgrounds and work environments within banking institutions. However, risk management interns focus on assessing overall risk exposure, while credit analyst interns concentrate on evaluating creditworthiness. Both roles are essential in banking, but they serve different functions within the financial industry.

What are the most commonly searched types of Bank Risk Management jobs in Deerfield, IL? The most popular types of Bank Risk Management jobs in Deerfield, IL are:
Intern Bank Risk Management jobs near you
Manager Business Risk Management

Manager Business Risk Management

Federal Home Loan Bank of Chicago

Chicago, IL • Hybrid

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 12 days ago

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

  • Collaborative, in-office operating model

  • Retirement program (401k and Pension)

  • Medical, dental and vision insurance

  • Lifestyle Spending Account

  • Competitive PTO plan

  • 11 paid holidays per year

      Who we are

      Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.

      Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.

      What it's like to work here

      At FHLBank Chicago, we bring people together. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided with an allocation of remote days to use as needed throughout the year.

      What you'll do

      The Manager, Business Risk Management (BRM) leads the Bank's dedicated first-line risk function within the member-facing business, owning product suitability, exception handling, governance and controls, and 7th District Mortgage Partnership Finance (MPF) oversight. As the business's own risk leader-not a second-line reviewer-this role is responsible for developing a first line posture around risk, embeds disciplined, repeatable risk management into day-to-day business activity, ensuring member solutions and transactions are suitable, well-documented, and consistent with the Bank's risk appetite.

      The Manager will be responsible for the development and maintenance of an appropriateness framework, adjudicates first-line exceptions, produces key risk indicator (KRI) and first-line risk reporting, and serves as the credible first-line partner to the Second Line of Defense (2LOD), Internal Audit, and regulators. This role also leads and develops a small team, setting priorities and coaching on applied risk management and framework execution.

      This position sits within the Member Financial Strategies group, reports to the group's senior leader, and engages cross-functionally with Solutions, Sales, Sales Enablement, Sales Operations, Risk Management, Compliance, and Internal Audit.

      How you'll make an impact

      • Shape the business's risk culture. Establish and lead a dedicated first-line risk function, helping the Bank make sound decisions while supporting strategic growth and member service.

      • Be a trusted advisor on high-impact decisions. Partner with business leaders to evaluate opportunities, manage risk, and ensure member solutions align with the Bank's risk appetite and regulatory expectations.

      • Strengthen the future of member-facing business. Surface risk within our strategy, build scalable risk frameworks, governance practices, and oversight processes that enhance transparency, compliance, and long-term organizational resilience.

      What you can expect

      Appropriateness & Member Solution Risk

      • Own, maintain, and continuously improve the member appropriateness framework governing advances, letters of credit, community investment products, derivatives and structured funding and hedging solutions

      • Review proposed member transactions and solution designs for suitability, appropriate risk/return characterization, and alignment with member objectives and the Bank's risk appetite

      • Partner with Solutions and Sales to embed suitability checkpoints into the member engagement and transaction lifecycle without compromising responsiveness

      • Document suitability determinations with clear, audit-ready rationale and conditions

      Exception Handling & Governance

      • Adjudicate first-line exceptions, documenting rationale, conditions, approvals, and escalation paths with audit-ready clarity

      • Maintain governance and control documentation-policies, procedures, and control inventories-for first-line activities

      • Track, age, and report open exceptions and remediation items to leadership and the Second Line of Defense

      • Identify control gaps and drive practical remediation that strengthens the control environment without impeding the business

      Risk Monitoring, KRIs & Reporting

      • Design, produce, and interpret KRI and first-line risk reporting, surfacing emerging exposures, trends, and limit pressures

      • Conduct exposure analysis and apply quantitative risk fundamentals to first-line decisions

      • Translate risk data into concise, decision-ready reporting for leadership, 2LOD, and applicable committees

      • Monitor adherence to limits, policies, and risk appetite, escalating breaches promptly

      7th District MPF Oversight

      • Provide first-line oversight of 7th District MPF activity, ensuring program execution aligns with guidelines, controls, and risk standards

      • Coordinate with MPF Sales and Risk Management to monitor program risk and resolve issues

      • Maintain oversight documentation and reporting that withstands audit and regulatory review

      Second-Line Partnership & Regulatory Engagement

      • Serve as the credible first-line counterpart to the Second Line of Defense, Internal Audit, and Regulators

      • Translate supervisory expectations and the three-lines-of-defense model into practical first-line controls and execution discipline

      • Respond to audit and examination requests with timely, complete, and well-organized documentation

      Team Leadership & Talent Development

      • Directly manage and develop the BRM Analyst: set priorities, allocate workloads, and maintain high standards of analytical rigor

      • Coach team members on applied risk management, KRI construction, exposure analysis, and framework execution

      • Review and quality-control all first-line documentation and reporting prior to distribution

      What you'll bring

      • Bachelor's degree in Finance, Economics, Accounting, Risk Management, Mathematics, or a related field. Advanced degree or relevant professional certification (FRM, CFA, PRM, CRCM) preferred.

      • 7+ years of professional experience in risk management, controls, audit, compliance, or a first- or second-line risk function at a bank, FHLBank, broker-dealer, or financial institution, including 1-3 years of people leadership experience.

      • Demonstrated experience designing or executing risk frameworks-suitability, exception, KRI, or controls frameworks-within a business or risk function.

      • Familiarity with FHLBank products (advances, letters of credit, interest rate derivatives) and/or the MPF program preferred.

      • Prior experience interfacing with second-line risk, Internal Audit, and regulators.

      • Applied first-line risk management within business operations, with the judgment to embed effective controls without unnecessarily impeding the business.

      • Strong quantitative risk fundamentals, including KRIs, exposure analysis, and limit monitoring.

      • Regulatory and supervisory fluency, including the three-lines-of-defense model, FHFA expectations, and applicable safety-and-soundness standards.

      • Framework design and execution discipline, with consistently audit-ready documentation.

      • Credibility and partnership with the Second Line of Defense, Internal Audit, members, and examiners.

      • Sound, defensible judgment under ambiguity, particularly in adjudicating exceptions.

      • Exceptional written and verbal communication skills, with the ability to present risk positions clearly to leadership and control partners.

      • Proven ability to set direction, manage workloads, and develop talent within an analytical team.

      The Perks

      At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

      Salary Range:

      $125,825.00 - $221,275.00

      The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

      Apply