ZipRecruiter

Log In

1

Market Risk Management Jobs in Chicago, IL (NOW HIRING)

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 ...

Baxter

PV Risk Management Specialist

Deerfield, IL · On-site

$112K - $154K/yr

Your role at Baxter As a Pharmacovigilance Risk Management Specialist , you will lead the ... We may pay more or less than of the anticipated range based upon market data and other factors, all ...

Medline

Risk Management Engineer

Northfield, IL · On-site

$79K - $119K/yr

Responsible for managing an automated risk-based trending system that will help the organization ... post-market surveillance teams to determine if new risks have arisen, and Regulatory Affairs to ...

Medline

Risk Management Engineer

Northfield, IL

$79K - $119K/yr

Responsible for managing an automated risk-based trending system that will help the organization ... post-market surveillance teams to determine if new risks have arisen, and Regulatory Affairs to ...

Deloitte

Financial Risk Manager

Chicago, IL · On-site

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

powercon

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

... market placement, pricing, and coverage terms. * Directs the comprehensive corporate insurance ... Preferred: Risk Management, Insurance, Finance, Construction Management, or related field.

previous pagenext page

Showing results 21-40

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

Market Risk Management information

See Chicago, IL salary details

$11.3K

$146.6K

$195.7K

How much do market risk management jobs pay per year?

As of Sep 7, 2026, the average yearly pay for market risk management in Chicago, IL is $146,613.00, according to ZipRecruiter salary data. Most workers in this role earn between $136,500.00 and $136,500.00 per year, depending on experience, location, and employer.

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.

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 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.

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 high earning potential in financial institutions and consulting firms.

What does a market risk management do?

A market risk management professional identifies, analyzes, and monitors financial risks arising from market fluctuations, such as changes in interest rates, currency exchange rates, and asset prices. They use tools like risk models and financial data analysis to develop strategies that minimize potential losses and ensure the stability of financial institutions or investment portfolios.

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 August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $146,613 per year, or $70.5 per hour.

Director, Risk Management

Pepper Construction

Barrington, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 29 days ago

Key responsibilities

  • Leads the implementation, governance, and continuous improvement of the company's enterprise risk management strategy, including insurance programs and loss control initiatives.

  • Reviews and manages contractual insurance and risk allocation provisions, negotiating terms with clients, subcontractors, and legal teams.

  • Oversees claims strategy, partners with third-party administrators, and ensures claims data accuracy to support loss prevention and operational improvements.

Job description

With offices in Illinois, Wisconsin, Indiana, and Ohio, Pepper Construction is a national general contracting and construction management firm that primarily serves the private sector. Pepper Construction provides clients the experience and resources of a national company, combined with the hands-on approach of a local company.
The Director, Corporate Risk Management will lead the Company's enterprise risk management strategy as grow beyond $3B in revenue, providing strategic oversight of insurance programs, claims management, contractual risk, loss control, and risk mitigation initiatives across the organization. This role is responsible for designing, placing, and managing property and casualty insurance programs; supporting Contractor Controlled Insurance Programs (CCIPs); and developing practical solutions that protect the Company's people, projects, assets, and financial performance.
Serving as a trusted advisor to executive leadership, business unit leaders, and cross-functional partners, the Director will help embed risk awareness into daily operations while enabling informed decision-making and supporting continued growth. The ideal leader brings strong technical expertise, sound judgment, collaborative influence, and an innovative approach to managing emerging business, operational, financial, and contractual risks within a complex construction environment.
MAJOR RESPONSIBILITIES
Risk Strategy & Insurance Programs
  • Leads the implementation, governance and continuous improvement of a Contractor Controlled Insurance Program (CCIP) and Subcontractor Default Insurance program
  • In collaboration with brokers, underwriters, and insurers, designs, places and manages insurance programs that effectively allocate, mitigate, and finance risk
  • Regularly reviews insurance coverages, limits, deductibles, and structures to ensure alignment with business growth, coverage optimization, project risk profiles, and market conditions
  • Develops insurance cost allocation and billing models to support accurate divisional and project pricing
  • Meets with company clients, subcontractors, consultants to negotiate contractual insurance and bonding terms to mitigate retained risks.

Contractual & Financial Risk
  • Reviews contractual insurance and risk allocation provisions; identifies and advises on one-sided, unusual, or high-risk terms
  • Partners with the Corporate Legal Team to develop and negotiate contract terms, exceptions and amendments related to risk, insurance, and bonding
  • Obtains and evaluates specialty insurance coverage required by owner contracts or unique project risks

Claims & Loss Management
  • Partners with the third-party claims administrators ("TPAs"), claims adjusters/consultants, claims counsel, and General Counsel to oversee claims strategy, valuation, and reserve adequacy
  • Ensures claims data accuracy and provides clear, actionable reporting to executive leadership
  • Uses claims trends to drive loss prevention and operational improvements

Operational Risk & Loss Control
  • Works closely with Operations, Safety, Fleet Management, Human Resources, Facilities Management, and project teams to implement systems, procedures and controls that reduce the frequency and severity of losses
  • Provides training and guidance to Operation's project teams on insurance programs, CCIP requirements, risk controls, and risk management best practices
  • Serves as a trusted advisor to operations leadership on risk-related decision making

Fleet Risk Management
  • Oversees fleet risk strategy, including driver standards, insurance coverage, loss trends, auto liability exposure, and claims performance in partnership with Safety and Operations
  • Leads accident review, preventability determinations, repair estimate evaluation, severity tiering, and related cost-control processes
  • Manages driver risk tracking, including point assignment logic, scoring methodology, Samba MVR notifications, annual MVR reviews, and the system of record
  • Leads the Fleet Safety Committee and provides governance, reporting, and escalation support for fleet risk decisions
  • Analyzes frequency, severity, repeat drivers, and geographic trends to inform corrective actions, risk mitigation strategies, and reporting to executive leadership and insurance partners
  • Ensures alignment with TPAs, carriers, and the overall claims management strategy for auto losses

Management of External Partnerships & Provider Relations
  • Develops and maintains strong relationships with insurance brokers, carriers, TPAs, claims administrators, actuaries, loss control specialists, and consultants
  • Maintains all insurance policies, certificates, and records; provides regular reporting on program performance, claims activity and emerging risks
  • Serves as an active member of the Corporate Enterprise Risk Committee reporting to executive management
  • Represents and communicates the Company's insurance and risk programs to internal stakeholders and external partners

POSITION REQUIREMENTS
  • Bachelor's degree from an accredited university in Business Administration, Business Management, Risk Management, Insurance, Risk Control, or a related field. Master's Degree preferred
  • Professional Designations: Certified Risk Management Professional (CRMP), Certified Insurance Counselor (CIC), Associate in Risk Management (ARM), or Certified Risk Manager (CRM)
  • Minimum of 10 years of progressive risk and insurance management experience, preferably within the construction or investment real estate industry or a construction-focused insurance/bonding brokerage or insurance carrier environment
  • Demonstrated technical experience managing complex insurance and risk control programs, and large-scale claims portfolios
  • Previous experience successfully providing leadership and direction to a support team of risk management and claims management professionals
  • Strong leadership presence with the ability to advise and influence operational, legal, and executive management teams
  • Excellent written, verbal and presentation skills

The annual salary midpoint for this role is $195,000. We consider many factors when determining the actual hiring salary. These factors may include location, transferable skills, work experience, licensure and certification, business needs, internal equity, and market demands.
Pepper Construction is dedicated to offering our employees a comprehensive and best-in-class benefits package that prioritizes their physical, financial, and emotional well-being. We offer medical, dental, vision, life, and disability insurance plans, a generous 401k match, and a student loan repayment benefit. In addition to paid time off for company holidays, vacation, and personal days, Pepper offers fully paid medical and parental leave, mental health services, and more.
For additional information, visit www.pepperconstruction.com.
Pepper Construction is an Equal Employment Opportunity employer.
Please note: Pepper does not sponsor work visas.

Apply