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Manager Risk Analytics Jobs in Riverwoods, IL (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 ...

Wedbush

Vice President, Market Risk Manager

Chicago, IL · On-site

$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 ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

The Risk Analyst is responsible gathering and analyzing information in order to underwrite a ... or Management. The associate will make informed decisions based on Risk evaluation criteria.

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All JobsRisk Analytics JobsManager Risk Analytics JobsManager Risk Analytics Jobs in Riverwoods, IL

Manager Risk Analytics information

See Riverwoods, IL salary details

$53.5K

$115.8K

$176.5K

How much do manager risk analytics jobs pay per year?

As of Jun 13, 2026, the average yearly pay for manager risk analytics in Riverwoods, IL is $115,821.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,400.00 and $133,900.00 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 popular job titles related to Manager Risk Analytics jobs in Riverwoods, IL? For Manager Risk Analytics jobs in Riverwoods, IL, the most frequently searched job titles are:
What job categories do people searching Manager Risk Analytics jobs in Riverwoods, IL look for? The top searched job categories for Manager Risk Analytics jobs in Riverwoods, IL are:
What cities near Riverwoods, IL are hiring for Manager Risk Analytics jobs? Cities near Riverwoods, IL with the most Manager Risk Analytics job openings:
Manager Risk Analytics jobs near you
Director Market Risk & Earnings Analysis

Director Market Risk & Earnings Analysis

Federal Home Loan Bank of Chicago

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 15 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 an allocation of remote days to use as needed throughout the year.
What you'll do
Responsible for Management of market, including liquidity and income at risk modeling and analysis team as part of Bank's second line of defense. The Director, Market Risk and Earnings Analysis will be responsible for designing and implementing a market and income at risk manaegment framework, which comprises the Bank's approaches to market including liquidity and income at risk governance, identification, assessment, management, and mitigation. The market and income at risk management frameworks ensure that member products and asset/liability management risk-taking is well-understood, well-governed and appropriately managed. Your leadership skills will be crucial in fostering a culture of transparency, compliance, and accountability, making a significant impact on our continued success and reputation in the industry. The ideal candidate for this role must have a proven track record in of re-engineering operational processes, and possess strong leadership abilities This role has direct reports.
How you'll make an impact
  • Provide strong second-line oversight of market, liquidity and income-at-risk exposures by delivering sophisticated analysis and effective challenge on balance sheet, liquidity, and earnings risks to strengthen the Bank's risk governance and financial resilience.
  • Enable strategic decision-making at the executive and Board level by delivering robust modeling, forecasting, and stress testing insights that inform capital planning, product strategy, and CFO-led strategic planning processes.
  • Drive operational excellence and innovation in risk analytics by leading model development and analytics teams, modernizing processes and automation, and providing independent, data-driven challenge to emerging risks, new products, and evolving market conditions.

What you'll do
  • Responsible for Market including Liquidity and Income at Risk oversight and risk limit establishment, monitoring, assessment and reporting.
  • Oversee team of model developers responsible for operation, maintenance, model calibration and tuning, performance monitoring and controls around the Bank's mission critical models used for valuation, forecasting and risk modeling and the Bank's market data.
  • Owner of critical vendor relationships: market risk data, valuation/pricing, and risk modeling
  • Responsible for sign off for new product implementations from a valuation, forecasting and risk modeling perspective and oversee development and user acceptance testing.
  • Oversee analytics team responsible for monitoring and evaluating portfolio concentration, adverse market trends, value at risk analysis and preparing independent risk and attribution analyses.
  • Collaborate with Executive Team, business units and other departments in Risk Management, in developing and supporting key assumptions and scenarios and preparing forecasts to support the CFO who leads the annual Strategic Planning process.
  • Support the CFO's Strategic Planning department in income at risk scenario/stress analysis, forecasts, capital planning, and evaluating incentive compensation plan balance sheet and income criteria and metrics.
  • Collaborate with business units and other departments in Risk Management to design, performs and reports stress testing and scenario analysis results to Senior Management and the Board
  • Assess impacts on the Bank's risk process for new products, investments and hedging strategy implementation involving interdepartmental teams. Use market and income at risk tools and market data to analyze range of outcomes, provide insights and alternate viewpoints as new strategies are being formed by Management.
  • Develop and monitor key risk indicators to provide early warning of potential issues in changing environment and effectively challenge.
  • Primary contact for Bank regulators for issues associated with Market and Income at Risk Management
  • Active committee member of internal committees: Asset/Liability Management
  • Reports to Board and Senior Management any changes to Bank's balance sheet market, liquidity, and income risk profile that can adversely impact business decision making, significant balance sheet concentrations, and any material modeling/assumption changes.
  • Regularly reviews regulatory reporting requirements pertaining to Market, Liquidity, and Income at Risk
  • Develop and deliver market risk training for the Board
  • Provide strong leadership and mentorship to the team, promoting a collaborative and purposeful work environment.
  • Foster a culture of continuous learning and encourage team members to stay updated on industry trends and changes in regulatory and business requirements.
  • Lead process workflow automation and application modernization
  • Other duties as assigned.

What you'll bring
  • 15+ years of experience in risk management, risk modeling or fixed income capital markets.
  • 5-10 years mortgage finance or Banking operations experience
  • 8+ years management experience
  • Advance degree in finance, mathematics, or science
  • FRM/CFA or other designation.
  • Must have effective communication (verbal, written) skills.
  • Knowledge of fixed income products
  • Strong quantitative/analytical skills
  • Analytical, initiative-taker
  • Strategic thinking

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.
  • Strong problem solving and decision making abilities.
  • Technology and project management skills

Salary Range:
$217,550.00 - $382,325.00
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

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