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Manager Risk Analytics Jobs in Illinois (NOW HIRING)

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

Work cross-functionally with other teams such as Advanced Analytics, Lending, Loan Servicing ... Review and monitor credit risk for credit cards, and recommend/implement line management, pricing ...

SageSure

Catastrophe Risk Analyst

Chicago, IL · On-site

... analytics, or climate-driven hazard research. Catastrophe Risk R&D: At SageSure, the Catastrophe Risk R&D team is redefining how the industry understands and manages catastrophe risk. We operate at ...

Allstate

Fraud Risk Management Senior Manager

Chicago, IL

$110K - $160K/yr

... Senior Manager role leads the Fraud Risk and Return Management (FRRM) team, a cross-functional ... Coordinate all functions within FRRM and Audit Risk Analytics, creating necessary synergies between ...

Wedbush

Vice President, Market Risk Manager

Chicago, IL

$125K - $200K/yr

The primary function of this role is to act as a Market Risk Analytics Manager focusing on futures, options on futures, FX, power products and Fixed Income. Responsibilities include, but are not ...

PremiStar

Risk Manager

Deerfield, IL · On-site

The Risk Manager is responsible for leading the organization's enterprise insurance strategy ... Analyze claim frequency, severity, lag time, and emerging loss trends to drive corrective action ...

Alliant

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

Ensure effective communication with management and key stakeholders from other functional areas. * Complete credit risk analytics, which includes but is not limited to loan origination strategy ...

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All JobsManager Risk Analytics JobsManager Risk Analytics Jobs in Illinois

Manager Risk Analytics information

See Illinois salary details

$49.9K

$108.1K

$164.7K

How much do manager risk analytics jobs pay per year?

As of Jun 25, 2026, the average yearly pay for manager risk analytics in Illinois is $108,101.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

How does a Manager of Risk Analytics typically collaborate with other departments within an organization?

A Manager of Risk Analytics works closely with teams across the organization, such as finance, compliance, operations, and IT, to identify and mitigate potential risks. This role involves communicating complex analytical findings in an understandable way to non-technical stakeholders and supporting informed decision-making. Regular collaboration ensures that risk models and strategies align with business objectives and regulatory requirements. Effective teamwork and cross-departmental communication are essential to implementing robust risk management solutions.

Are risk managers in high demand?

Risk managers are in high demand across various industries due to increasing regulatory requirements and the need to manage financial and operational risks. Organizations seek professionals with strong analytical skills, knowledge of risk assessment tools, and relevant certifications like FRM or CRM to help mitigate potential threats and ensure compliance.

What is the difference between Manager Risk Analytics vs Risk Analyst?

AspectManager Risk AnalyticsRisk Analyst
CredentialsBachelor's or Master’s in Finance, Economics, or related field; professional certifications like FRM or CFABachelor's degree in Finance, Economics, or related field; some certifications preferred
Work EnvironmentLeads teams, manages risk projects, strategic planningAnalyzes data, prepares reports, supports risk management processes
Industry UsageUsed across banking, insurance, investment firmsCommon in financial services, corporate risk departments

The main difference is that a Manager Risk Analytics oversees risk teams and strategic initiatives, while a Risk Analyst focuses on data analysis and reporting. Both roles require similar credentials and are integral to risk management, but the manager has additional leadership responsibilities.

Do risk analysts make good money?

Risk analysts typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary for risk analysts is around $70,000 to $90,000, with higher earnings possible for those with advanced certifications or specialized skills in data analysis and risk modeling.

What does a Manager of Risk Analytics do?

A Manager of Risk Analytics leads a team responsible for analyzing data to identify, assess, and mitigate risks within an organization. They develop risk models, oversee the implementation of analytics tools, and provide insights that help guide business decisions. Their work helps organizations manage financial, operational, and strategic risks more effectively. Additionally, they often collaborate with other departments to ensure risk management strategies align with overall business goals.

What is the highest paying risk management job?

The highest paying risk management roles are often senior executive positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications like FRM or PRM, and strong leadership skills in overseeing enterprise-wide risk strategies.

What does a risk manager analyst do?

A risk manager analyst evaluates and identifies potential risks that could impact an organization’s financial health or operations. They analyze data, develop risk mitigation strategies, and use tools like risk assessment software to inform decision-making, often working closely with other departments to ensure compliance and minimize losses.

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

To thrive as a Manager Risk Analytics, you need strong quantitative analysis skills, expertise in risk modeling, and a background in finance, statistics, or a related field—often supported by an advanced degree. Proficiency with statistical software (such as SAS, R, or Python), risk management systems, and relevant certifications like FRM or CFA is typically required. Exceptional leadership, communication, and problem-solving skills help you guide teams and translate complex data into actionable insights for stakeholders. These abilities are critical for accurately assessing risks, informing business decisions, and ensuring regulatory compliance.
What are the most commonly searched types of Risk Analytics jobs in Illinois? The most popular types of Risk Analytics jobs in Illinois are:
What are popular job titles related to Manager Risk Analytics jobs in Illinois? For Manager Risk Analytics jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Manager Risk Analytics jobs in Illinois look for? The top searched job categories for Manager Risk Analytics jobs in Illinois are:
What cities in Illinois are hiring for Manager Risk Analytics jobs? Cities in Illinois with the most Manager Risk Analytics job openings:
Manager Risk Analytics jobs near you
Manager, Alpha Analytics and Portfolio Risk

Manager, Alpha Analytics and Portfolio Risk

MacArthur Foundation

Chicago, IL • On-site

Full-time

Posted 27 days ago

Job description

Job Description
About the Foundation:
The John D. and Catherine T. MacArthur Foundation is one of the nation's largest independent foundations. The Foundation supports creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world. MacArthur invests in solving some of the world's most pressing social challenges, including advancing global climate solutions, promoting local justice reform in the U.S., revitalizing local news, expanding who creates, uses, and benefits from artificial intelligence, and strengthening the well-being of Native communities. In addition to the MacArthur Fellows Program and the global 100&Change competition, the Foundation continues its historic commitments to the role of journalism in a responsive democracy as well as the vitality of our headquarters city, Chicago. The Foundation also maintains offices in Nigeria and India.
Summary:
The Investments team manages the John D. and Catherine T. MacArthur Foundation's $9.6 billion investment portfolio. The portfolio is managed within a globally diversified, multi-asset class framework with the objective of earning a 5% real return annually. It serves as the source of funds for the Foundation's grant making and other organizational expenses.
The Manager, Portfolio Risk and Alpha Strategies, has primary responsibility for the day-to-day operation of the Foundation's portfolio risk analytics, manager return and factor decomposition and portable alpha program. The Manager reports to the Deputy Chief Investment Officer. The Manager partners closely with the Deputy CIO on portfolio construction, risk-aware decision-making and the implementation of derivative-based exposures. The Manager also serves as a senior technical leader for the team's data, analytics and AI-enabled workflows. The Manager is expected to operate as a senior practitioner from day one. Over time, the Manager will grow into a broader portfolio leadership role that contributes to asset allocation, manager underwriting and Investment Committee dialogue.
Essential Duties and Responsibilities:
  • Run the day-to-day operation of the Foundation's portable alpha program under the strategic oversight of the Deputy CIO. Responsibilities include interaction with the overlay manager, execution of derivatives trades to manage market exposure and ongoing oversight of the program's performance and operations.
  • Operate the Foundation's portfolio risk management framework on a day-to-day basis, including monitoring of total market risk, downside exposure, factor exposures, currency exposures and portfolio resilience, working in partnership with the Deputy CIO
  • Lead the decomposition and analysis of external manager returns, including factor exposure analysis, performance attribution and alpha-beta separation
  • Participate as a member of the Risk Committee
  • Develop conclusions from those analyses for use by the senior portfolio managers, the Deputy CIO and CIO
  • Manage the Foundation's counterparty risk on an ongoing basis, including monitoring, limit setting and reporting
  • Manage the Foundation's portfolio of short-term cash enhancement instruments
  • Participate in prospective manager presentations. Contribute to the underwriting of public equity and other marketable mandates as the role matures
  • Contribute to the Foundation's annual asset allocation process, including capital markets assumptions, scenario work and portfolio construction analysis
  • Measure currency and factor exposure across the portfolio. Evaluate hedges for both public and private investments
  • Partner with the Operations team on the design of the Investments team's data and analytics infrastructure, defining what the analytics need to show to support portfolio decisions and shaping the analytical content of reports, dashboards and configuration models
  • Maintain sufficient technical fluency in data architecture, ETL pipelines, and API-based integrations across market data, accounting, custody, risk and manager data systems to engage Operations and external providers on design and implementation
  • Implement the Investments team's AI agent roadmap as defined by the CIO, including integration with Dynamo and the analytics layer, deployment and evaluation of agentic workflows and the technical governance frameworks (data quality, audit logging, human-in-the-loop boundaries) that govern production and use. Partner with the Senior Analyst, Strategy and Operations on rollout and adoption across the team.
  • Prepare materials for the Investment Committee in support of the Deputy CIO and CIO, including ad hoc analyses, portfolio updates and materials supporting strategic portfolio decisions
  • Mentor junior staff and manage direct reports as the team grows
  • May perform other duties as assigned

Qualifications:
  • Undergraduate degree in a quantitative field such as mathematics, statistics, engineering, economics, finance, or computer science; graduate degree a plus. CFA charterholder strongly preferred.
  • 7 to 10 years of investment management experience, including direct experience managing or being deeply embedded in an institutional multi-asset portfolio (endowment, foundation, outsourced CIO, sovereign wealth, pension or large multi-family office).
  • Experience operating within an institutional risk management framework, including risk budgeting, value-at-risk, factor and currency exposures, scenario analysis and stress testing.
  • Hands-on experience decomposing manager returns, including factor exposure analysis, performance attribution and alpha-beta separation. Ability to translate analytical results into clear conclusions for senior portfolio managers.
  • Working knowledge of equity and fixed income derivatives, including pricing, margining and the operational mechanics of overlay and portable alpha programs. Experience underwriting and overseeing external managers preferred.
  • Ability to design and maintain production data and analytics infrastructure for an investment office, including data architecture, ETL pipelines and reporting layers. Practical experience integrating external systems via APIs across market data, accounting, custody, risk and manager data providers. Advanced Excel and proficiency in Python required.
  • Working knowledge of AI and large language models in an institutional investment context. Ability to evaluate AI use cases on their merits, distinguishing applications that add durable value from those that introduce model, data or governance risk disproportionate to the benefit.
  • Interest and capability in helping to author the operating frameworks that govern the team's use of data and AI tools, including standards for data quality, documentation, human review and the boundary between automated workflows and analyst or PM judgment.
  • Experience managing and developing analysts in an investment context, with the ability to lead and grow a small team of one or two direct reports.
  • Excellent communication skills, with the ability to present complex investment concepts to senior stakeholders.

The position is hybrid and based in Chicago, Illinois.
Annual salary for this role will start at $225,000 . This position is also eligible for an incentive bonus of up to 130% of the base salary. We offer a generous total compensation package that emphasizes both base salary and a comprehensive benefits package to support your life, health, and well-being.
Work Environment and Reasonable Accommodations
The work environment is an office setting. Requests for reasonable accommodations will be considered to enable a person with disabilities to perform the job. Reasonable accommodations are also available during the interview process.
The John D. and Catherine T. MacArthur Foundation is an equal opportunity employer and does not discriminate on the basis of race, color, religion, national origin, sex, age, disability, pregnancy, marital status, sexual orientation, gender identity, veteran status, or any other characteristic protected by applicable federal, state or local laws.

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