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Manager Risk Analytics Jobs in Illinois (NOW HIRING)

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

... analytics. 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 the intersection of science ...

Citizens

Fraud Risk Analytics Sr Analyst

Chicago, IL · On-site

$79K - $95K/yr

Description The Fraud Risk Sr Analyst is accountable for monitoring and developing fraud risk ... Effectively manages competing priorities of requests working under strict deliverables Required ...

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

... analytics. 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 the intersection of science ...

Citizens

Fraud Risk Analytics Sr Analyst

Chicago, IL · On-site

$79K - $95K/yr

Description The Fraud Risk Sr Analyst is accountable for monitoring and developing fraud risk ... Effectively manages competing priorities of requests working under strict deliverables Required ...

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 ...

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All JobsRisk Analytics 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 Jul 21, 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.

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.

Do risk managers make good money?

Risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary for risk managers ranges from $80,000 to over $130,000, with senior roles and certifications like FRM or CRM often commanding higher pay. The role involves analytical skills, risk assessment tools, and often requires a bachelor's degree in finance, economics, or related fields.

What is the highest salary for a risk manager?

The highest salaries for risk managers can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like FRM or CFA, and leadership roles in large organizations or financial institutions. Senior risk managers or directors may earn even higher compensation, including bonuses and incentives.

What does a risk manager analyst do?

A risk manager analyst evaluates and monitors 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 identify vulnerabilities, 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, Consumer Risk Portfolio Management

Manager, Consumer Risk Portfolio Management

Bank of Montreal

Chicago, IL • On-site

$74K - $138K/yr

Full-time

Medical, Life, Retirement

Posted 11 days ago

Job description

Application Deadline:
07/30/2026
Address:
320 S Canal Street
Job Family Group:
Data Analytics & Reporting
The Manager, Portfolio Risk Management is responsible for independent risk oversight and early risk identification across consumer lending portfolios (e.g., Credit Cards, Mortgage/HELOC, Direct Lending, Indirect/RV/Marine, Small Business).
This role focuses on:
  • Proactive identification of emerging credit risks
  • Portfolio analytics and risk segmentation
  • Oversight of business strategies against risk appetite
  • Development of actionable insights to inform senior management and regulatory reporting

The ideal candidate brings strong quantitative skills, deep knowledge of consumer credit risk, and hands-on experience with modern analytics and data tools.
Key Responsibilities
1. Risk Identification & Portfolio Oversight (Primary Focus)
  • Monitor portfolio performance to identify emerging credit risks, adverse trends, and concentration exposures
  • Develop and track key risk indicators (KRIs), early warning indicators, and portfolio triggers
  • Conduct deep-dive analyses (vintage, segmentation, roll rates, loss drivers, score band performance)
  • Provide independent challenge to business strategies (growth, underwriting, pricing, line management, collections)
  • Assess alignment with risk appetite, credit policy, and regulatory expectations

2. Portfolio Analytics & Insights
  • Analyze portfolio data to generate actionable insights on risk/return trade-offs
  • Support loss forecasting, capital, and stress scenario analysis
  • Identify drivers of delinquencies, charge-offs, and credit migration
  • Perform ad-hoc analysis to support senior management, regulators, and business partners

3. Risk Reporting & Governance
  • Develop and enhance risk reporting frameworks for management and regulatory stakeholders
  • Ensure reporting is accurate, timely, and aligned with regulatory standards (e.g., OCC, CECL, Basel where applicable)
  • Lead preparation of portfolio risk summaries, dashboards, and executive materials
  • Support internal and external audits/examinations with clear documentation and defensible analytics
  • Ensure strong data governance, controls, and reconciliation processes

4. Data, Tools & Infrastructure
  • Work with large datasets from loan systems, bureau data, and payment platforms
  • Build and maintain reporting solutions using tools such as:
    • SQL / SAS / Python / R (data extraction and analytics)
    • Tableau / Power BI (dashboarding & visualization)
    • Excel
  • Partner with data owners to ensure data quality, completeness, and usability
  • Contribute to automation and efficiency improvements in reporting and analytics workflows

5. Cross-Functional Risk Oversight
  • Act as a trusted advisor to business, finance, model risk, and collections teams
  • Collaborate across functions to ensure consistent risk measurement and reporting
  • Support strategic initiatives (e.g., new product launches, credit strategy changes, model implementation) from a risk perspective

Qualifications
Experience & Education
  • 3-5+ years of experience in Consumer Credit Risk, Portfolio Management, or Risk Analytics
  • Experience across one or more products: Credit Cards, Mortgage/HELOC, Auto/RV/Marine, Personal Lending, Small Business
  • Bachelor's degree in Finance, Economics, Statistics, Mathematics, or related field (advanced degree preferred)
  • Strong knowledge of:
    • Credit risk metrics (delinquency, roll rates, loss rates, vintage, PD/LGD concepts)
    • Portfolio risk analytics and segmentation techniques
    • Risk reporting frameworks and KRIs
  • Hands-on experience with:
    • SQL, SAS, or Python
    • Data visualization tools (Tableau, Power BI)
  • Ability to work with large, complex datasets and translate into clear insights
  • Understanding of:
    • Consumer lending lifecycle and underwriting frameworks
    • CECL / IFRS9 concepts (preferred)
    • Regulatory expectations (e.g., OCC guidance, SR letters, model governance principles)
  • Experience supporting audit or regulatory reviews is a plus
  • Strong analytical thinking and problem-solving
  • Ability to identify risks early and escalate effectively
  • Clear, concise communication of complex risk insights to senior stakeholders
  • Proven ability to independently own analyses and deliver under tight timelines

Salary:
$74,000.00 - $138,000.00
Pay Type:
Salaried
The above represents BMO Financial Group's pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.
To find out more visit us at http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
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About BMO

Sourced by ZipRecruiter

BMO, or Bank of Montreal, is one of the biggest multinational banking and financial services corporations in North America. Developed in 1817, BMO's American headquarters are located ideally in Chicago, Illinois while its main world headquarters are situated in Montreal. The bank operates in a multitude of sectors including personal and commercial banking, wealth management and investment banking products and solutions. Over the years, BMO has been recognized for its commitment to doing what's right for its customers, employees, and society.

Industry

Banking and credit intermediation

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US

Social media

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