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

Sirva

Insurance Risk Management Analyst

Oakbrook Terrace, IL · On-site

$66K - $83K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

The Insurance Risk Management Analyst supports the Risk Manager regarding corporate insurance ... may vary based on location, market conditions, and other factors such as experience and ...

MUFG Bank, Ltd.

Credit Risk Management, Director

Chicago, IL · Hybrid

  • Medical

  • Retirement

  • PTO

... market trend analysis • Ensure timely and accurate ratings as well as the timely completion of ... risk management, underwriting leveraged loans and conducting valuation analyses • Ability to ...

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Showing results 41-60

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 Aug 16, 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.

What does a market risk management do?

A market risk management professional 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 to develop strategies that minimize potential losses and ensure the stability of an organization’s investments and trading activities.

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 82% In-person, 6% Hybrid, and 12% Remote job distribution, with an average salary of $146,613 per year, or $70.5 per hour.

Risk Officer - Enterprise Risk Management & Investment Risk

Mesirow Financial

Chicago, IL

$125K - $175K/yr

Full-time

Posted 5 days ago

Job description

The Opportunity:

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. We are proud of our employee-owned culture, built on collaboration and shared success, empowering our professionals to develop meaningful relationships, pursue growth opportunities and make a lasting impact for our clients and communities. Mesirow has been named one of the Best Places to Work in Chicago by Crain’s Chicago Business multiple times and is one of Barron’s Top 100 RIA firms.

Mesirow is seeking an experienced and highly motivated Risk Officer to lead and enhance our firm's Enterprise Risk Management (ERM) framework while providing independent oversight of investment and portfolio risks across our institutional asset management and capital markets businesses.

This role will be responsible for identifying, assessing, monitoring, and reporting risks across the organization, including strategic, operational, regulatory, technology, cybersecurity, business continuity, and investment risks. The successful candidate will work closely with senior leadership, compliance, operations, technology, legal, and internal committees to strengthen the firm's overall risk culture and governance.

This position offers an opportunity to build upon an established risk framework while helping shape the firm's long-term risk strategy.

Key Responsibilities: 

Enterprise Risk Management

  • Maintain and continuously improve the firm's Enterprise Risk Management (ERM) framework.
  • Facilitate firm-wide risk assessments and maintain the enterprise risk register.
  • Identify, evaluate, and monitor strategic, operational, financial, regulatory, technology, vendor, and reputational risks.
  • Develop and monitor Key Risk Indicators (KRIs) and risk appetite metrics.
  • Prepare quarterly risk reports for executive management and the Board.
  • Coordinate periodic risk assessments with business units across the firm.
  • Monitor emerging risks and industry developments affecting the firm.
  • Oversee the firm's incident management and risk event reporting process.
  • Assist with regulatory examinations and due diligence requests relating to risk management.

Investment Risk Oversight 

  • Provide independent oversight of investment risks across investment strategies.
  • Monitor portfolio exposures, leverage, liquidity, counterparty, concentration, market, and currency risks.
  • Develop and maintain investment risk reporting and dashboards.
  • Review portfolio risk relative to client guidelines and investment mandates.
  • Partner with portfolio managers to understand evolving investment risks while maintaining independent oversight.
  • Perform stress testing and scenario analysis across investment portfolios.
  • Evaluate new investment products, strategies, and trading activities from a risk perspective. 

Qualifications: 

Required 

  • Bachelor's degree in Finance, Economics, Accounting, Risk Management, Business, Mathematics, or a related field.
  • 5-10 years of experience in enterprise risk management, investment risk, operational risk, or a related field within asset management, banking, insurance, or financial services.
  • Strong understanding of institutional asset management and investment products.
  • Experience with Enterprise Risk Management frameworks.
  • Knowledge of portfolio risk measurement techniques.
  • Excellent analytical, communication, and presentation skills.
  • Strong project management and organizational abilities.
  • Ability to influence stakeholders across multiple business functions.

Preferred 

  • Master's degree (MBA, MS Finance, or related field).
  • Professional certifications such as:
    • FRM (Financial Risk Manager)
    • CFA (Chartered Financial Analyst)
    • PRM (Professional Risk Manager)
    • CRM or equivalent risk management certification
  • Experience with foreign exchange, derivatives, overlay strategies, or multi-asset portfolios.
  • Experience implementing or administering Governance, Risk & Compliance (GRC) platforms

In accordance with the Illinois Pay Transparency Law, the anticipated hiring base salary for the role will be between $125,000 and $175,000 per year. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, also provides the opportunity for a bonus and the Mesirow benefit program.

EOE

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