ZipRecruiter

Log In

1

Market Risk Management Jobs in Chicago, IL (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 ...

Invenergy

Director, Credit Risk Management

Chicago, IL · On-site

Position Overview The Director, Credit Risk Management will report to the Senior Vice President ... Monitor market dynamics, regulatory developments, and counterparty risk trends across Invenergy ...

Wintrust

Risk Management Officer

Rosemont, IL · On-site

... Global Select Market under the symbol "WTFC." Location: Job location - Rosemont, IL- Hybrid ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

inlandgroup

Director of Risk Management

Oak Brook, IL · On-site

Serve as a key advisor to leadership on insurance market conditions , coverage optimization, and cost containment. * Develop, implement, and maintain risk management policies and procedures in ...

Wintrust

Risk Management Officer

Rosemont, IL · Hybrid

... Global Select Market under the symbol "WTFC." Location: Job location - Rosemont, IL- Hybrid ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

next page

Showing results 1-20

All JobsMarket Risk Management JobsMarket Risk Management Jobs in Chicago, IL

Market Risk Management information

See Chicago, IL salary details

$11.3K

$146.7K

$195.9K

How much do market risk management jobs pay per year?

As of Jul 5, 2026, the average yearly pay for market risk management in Chicago, IL is $146,728.00, according to ZipRecruiter salary data. Most workers in this role earn between $136,600.00 and $136,600.00 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 Chicago, IL? For Market Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Market Risk Management jobs in Chicago, IL look for? The top searched job categories for Market Risk Management jobs in Chicago, IL are:
Market Risk Management jobs near you
Infographic showing various Market Risk Management job openings in Chicago, IL as of June 2026, with employment types broken down into 85% Full Time, and 15% Part Time. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $146,728 per year, or $70.5 per hour.
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 6 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

Apply