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Market Risk Management Jobs in Illinois (NOW HIRING)

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 ...

Rothera

Director, Enterprise Risk Management

Chicago, IL · On-site

$175K - $200K/yr

Rothera operates at the frontier, generating market-driven forecasts that turn intuition into insight. About the role Rothera is hiring a Director, Enterprise Risk Management for our Chicago ...

Rothera

Director, Enterprise Risk Management

Chicago, IL · On-site

$175K - $200K/yr

Rothera operates at the frontier, generating market-driven forecasts that turn intuition into insight. About the role Rothera is hiring a Director, Enterprise Risk Management for our Chicago ...

Wedbush

Vice President, Market Risk Manager

Chicago, IL

$125K - $200K/yr

We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures ... The primary function of this role is to act as a Market Risk Analytics Manager focusing on futures ...

Apex Fintech Solutions

Lead Risk Analyst

Chicago, IL

Monitor and manage margin and market risk across equities, complex options, futures, crypto, FX, and portfolio margin accounts, including the firm's largest and most complex exposures. * Margin ...

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All JobsMarket Risk Management JobsMarket Risk Management Jobs in Illinois

Market Risk Management information

See Illinois salary details

$10.7K

$137.9K

$184.1K

How much do market risk management jobs pay per year?

As of Jul 16, 2026, the average yearly pay for market risk management in Illinois is $137,914.00, according to ZipRecruiter salary data. Most workers in this role earn between $128,400.00 and $128,400.00 per year, depending on experience, location, and employer.

How does a typical day in Market Risk Management involve collaboration with other departments?

In Market Risk Management, professionals frequently work alongside trading, portfolio management, and compliance teams to monitor and assess risk exposures. Daily tasks often include analyzing market data, discussing risk limits with traders, and providing risk reports to senior management. Collaboration ensures that risk strategies align with business goals and regulatory requirements. This teamwork is essential to identifying emerging risks and implementing effective mitigation measures across the organization.

What is the highest paying risk management job?

The highest paying risk management roles are often senior 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 CFA, and strong leadership skills, typically overseeing enterprise-wide risk strategies in large organizations.

What is a market risk job?

A market risk management job involves identifying, analyzing, and monitoring financial risks arising from market movements, such as changes in interest rates, currency exchange rates, or stock prices. Professionals in this field use quantitative tools and risk models to help organizations minimize potential losses and comply with regulatory requirements.

What are the key skills and qualifications needed to thrive in Market Risk Management, and why are they important?

To thrive in Market Risk Management, you need a strong background in finance, quantitative analysis, and risk modeling, often supported by a degree in finance, economics, mathematics, or a related field. Expertise with risk management systems (like Value at Risk models), advanced Excel, and programming languages such as Python or R, along with relevant certifications (e.g., FRM or CFA), is typically required. Strong analytical thinking, attention to detail, and effective communication skills help professionals interpret complex data, explain risks, and collaborate with stakeholders. These capabilities are essential for accurately identifying, measuring, and mitigating financial risks in dynamic market environments.

What is the difference between Market Risk Management vs Credit Risk Analysis?

AspectMarket Risk ManagementCredit Risk Analysis
Primary FocusManaging risks from market fluctuations, such as interest rates, currency, and equity pricesAssessing the creditworthiness of borrowers and managing credit exposure
Required CredentialsFinance, risk management certifications, often CFA or FRMFinance, credit analysis certifications, often CFA or credit-specific courses
Work EnvironmentFinancial institutions, trading floors, risk departmentsBanks, lending institutions, credit departments
Industry UsageWidely used in trading, investment, and risk departmentsCommon in banking, lending, and credit institutions

While both roles involve risk assessment, Market Risk Management focuses on market-related risks like price fluctuations, whereas Credit Risk Analysis concentrates on the creditworthiness of borrowers. Both require similar certifications and often work within the same financial institutions, but their core responsibilities differ based on the type of risk managed.

What do market risk managers do?

Market risk managers analyze and monitor financial risks arising from market fluctuations, such as changes in interest rates, currency exchange rates, and asset prices. They use risk models, statistical tools, and market data to assess potential losses and develop strategies to mitigate risk exposure within financial institutions or trading environments.

What is market risk management?

Market risk management is the process of identifying, assessing, and mitigating the risks of financial losses that arise from changes in market prices such as interest rates, exchange rates, and stock prices. Professionals in this field use quantitative models and risk assessment tools to monitor exposures and implement strategies to minimize potential losses. They play a critical role in financial institutions, ensuring that the company’s portfolio remains within acceptable risk limits and complies with regulatory requirements.

Is market risk management a good career?

Market risk management is a valuable career in finance, focusing on identifying and mitigating risks related to market fluctuations. It requires strong analytical skills, knowledge of financial instruments, and often certifications like FRM or CFA. The role offers opportunities for advancement and typically involves working in financial institutions, investment firms, or corporate risk departments.
What are popular job titles related to Market Risk Management jobs in Illinois? For Market Risk Management jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Market Risk Management jobs in Illinois look for? The top searched job categories for Market Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Market Risk Management jobs? Cities in Illinois with the most Market Risk Management job openings:
Market Risk Management jobs near you
Infographic showing various Market Risk Management job openings in Illinois as of July 2026, with employment types broken down into 91% Full Time, and 9% Contract. Highlights an 86% In-person, and 14% Remote job distribution, with an average salary of $137,914 per year, or $66.3 per hour.
Market Risk Analyst

Market Risk Analyst

Federal Home Loan Bank of Chicago

Chicago, IL • On-site, Remote

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 26 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:

      In this role, the Market Risk Analyst willbe responsible formodeling related to market risk, including but not limited to structured interest rate models, prepayment models, and fair value models for residential and commercial Mortgage-Backed Securities.You'll collaborate with cross-functional teams to perform model evaluation, version upgrade, and assess market risk related to Derivatives, Bonds, Mortgages and Investments following bank and regulatory model risk guidance. Youwillalsobe responsible forprovidingthe accurate& timelymeasurement, analysis, monitoring, and reporting of market risk for the Bank. The ideal candidate shoulddemonstratesuperior analytical thinking and problem-solving skills, along with a desire to learn and develop new concepts.

      How you'll make an impact:

      • Monitor Bank's risk exposures and support bank's asset liability management.

      • Develop hands-on experience with prepayment models and key modeling assumptions.

      • Gain exposure todifferent typesof financial securities and providefairvalue for the bank's balance sheet.

      • Work in a team-based environment and build strong, trustworthy partnerships with internal stakeholders.

      What you can expect:

      • Assistin modeling related to market risk including term structure interest rate models, prepayment models for residential and commercial Mortgage-Backed Securities, and fair value models.

      • Document, review, assess, and update model assumptions and valuation methodologies.

      • Review,maintainand upgrade the risk management systems and perform quantitative analysis to assess changes and enhancements to the pricing models within vendor applications.

      • Research new ways to automate/improve operation and reporting process.

      • Troubleshoot andtimelyresolve issuesimpactingregulatory reporting.

      • Collaborate with cross-functional teams to perform model evaluation, version upgrades, and assess market risk, following bank and regulatory model risk guidance.

      • Reportand provide in-depth analysis of therisk exposure and attribution analysis of Market Value of Equity change ofthebank's balance sheet.

      • Work with other departments across the bank to develop, test, and roll out new products.

      • Handle inquiries from external regulators and auditors.

      • Work on ad hoc projects supportingbank's strategicinitiatives.

      What you'll bring:

      • 0-3 years' work experience.

      • Graduate degree infinancial mathematics,financial engineering, mathematics, economics,or other quantitative or computing fields and/or equivalent work experience.

      • Basic understandinginfixed income securities or mortgage products (CFA/FRM certificationsa plus).

      • Proficient in MS Excel and Word.

      • SQL/AccessDatabase experience.

      • Solidunderstandinginfixed income, mortgages, mortgage-backedsecurities,derivatives, andoptionpricing models.

      • Basic understandinginterm structure models.

      • Familiar with at least one programming language,python, R,or VBA is preferred.

      • Exposure to vendor or in-house software used for security valuation and risk is preferred.

      • Mustquickly develop a comprehensive understanding of the bank's modeling tools used forvaluation andrisk measurement.

      • Passionateabout risk management andinterestedin market risk analysis.

      • Detail-oriented andpossessanalytical skills necessary to research, troubleshoot, prepare, and present a variety of reports and analyses in a fast-paced, continually evolving atmosphere.

      • Excellent verbal and written communication skills.

      • Able to work effectively under pressure, either independently or as a member of a team.

      • Must be willing to work with flexibility and dependability - work schedule may include shifts outside the normal business hours.

      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. Step into a brighter future with us.

      Salary Range:

      $75,325.00 - $125,500.00

      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