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Market Risk Manager Jobs in Illinois (NOW HIRING)

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 ...

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 ...

Geneva Trading

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

... Manager in a derivatives trading environment * Experience with futures, options, cryptocurrency, and power trading strategies and risk management; trading through or managing risk through a market ...

Aon Corporation

Risk Manager

Chicago, IL · On-site

$100K - $150K/yr

Lead the annual renewal process for liability insurance programs, advise on strategy and market ... Serve as the primary risk management resource for internal business divisions. Provide expert ...

Aon Corporation

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

Lead the annual renewal process for liability insurance programs, advise on strategy and market ... Serve as the primary risk management resource for internal business divisions. Provide expert ...

Deloitte

Financial Risk Manager

Chicago, IL

Engage with industry participants on market trends, competitive activities, and topic-specific ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Apex Fintech Solutions

Lead Risk Analyst

Chicago, IL · On-site

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 ...

New

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 ...

New

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

The Senior Risk Manager will lead the enterprise insurance and risk financing programs; assess ... competitive market-based compensation, along with a comprehensive benefits package designed to ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

Assess market, liquidity, concentration, leverage, and tail risks * Ensure alignment with risk budgets and investment objectives Manager Risk Assessment * Conduct risk-focused due diligence on hedge ...

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Showing results 1-20

All JobsMarket Risk JobsMarket Risk Manager JobsMarket Risk Manager Jobs in Illinois

Market Risk Manager information

See Illinois salary details

$49.9K

$108.1K

$164.7K

How much do market risk manager jobs pay per year?

As of Jul 20, 2026, the average yearly pay for market risk manager in Illinois is $108,101.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

What does a Market Risk Manager do?

A Market Risk Manager is responsible for identifying, assessing, and mitigating risks that arise from fluctuations in market variables such as interest rates, foreign exchange rates, and equity prices. They analyze trading portfolios, conduct stress tests, and develop risk management strategies to protect their organization from potential losses. Additionally, Market Risk Managers work closely with traders, analysts, and senior management to ensure that market risks are understood and maintained within acceptable levels.

What are the key skills and qualifications needed to thrive as a Market Risk Manager, and why are they important?

To thrive as a Market Risk Manager, you need strong quantitative analysis skills, a background in finance or economics, and often an advanced degree such as an MBA or CFA. Familiarity with risk management software (like Value-at-Risk models), statistical tools, and financial systems such as Bloomberg Terminal is typically required. Excellent problem-solving, communication, and decision-making skills set standout candidates apart in this highly analytical role. These capabilities are crucial for accurately assessing market risks, supporting sound investment decisions, and ensuring regulatory compliance in dynamic financial environments.

How does a Market Risk Manager typically collaborate with other departments within a financial institution?

A Market Risk Manager works closely with various departments such as trading, treasury, and compliance to monitor and mitigate potential risks in the institution’s portfolio. They often consult with traders to understand new products and exposures, coordinate with IT teams to enhance risk management systems, and report findings to senior management and regulatory bodies. Regular communication and collaboration are essential to ensure all teams are aligned in managing risk effectively and responding promptly to market developments.

What is the difference between Market Risk Manager vs Credit Risk Analyst?

AspectMarket Risk ManagerCredit Risk Analyst
Required CredentialsBachelor's degree, often CFA or FRMBachelor's degree, often CFA or FRM
Work EnvironmentFinancial institutions, trading floors, risk departmentsBanks, lending institutions, credit departments
Employer & Industry UsageUsed in investment banks, asset managers, hedge fundsUsed in commercial banks, credit agencies, lending firms
Common Search & ComparisonOften compared for risk management roles in financeCompared for credit analysis roles

The Market Risk Manager focuses on identifying and managing risks related to market fluctuations, such as interest rates and stock prices. In contrast, the Credit Risk Analyst assesses the creditworthiness of borrowers to mitigate default risk. Both roles require similar credentials and are vital in financial institutions, but they specialize in different risk areas.

What are the most commonly searched types of Market Risk jobs in Illinois? The most popular types of Market Risk jobs in Illinois are:
What are popular job titles related to Market Risk Manager jobs in Illinois? For Market Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Market Risk Manager jobs in Illinois look for? The top searched job categories for Market Risk Manager jobs in Illinois are:
Market Risk Manager jobs near you
Vice President, Market Risk Manager

Vice President, Market Risk Manager

Wedbush Securities

Chicago, IL

Full-time

Re-posted 3 days ago

Job description

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Chicago office is hiring for an experienced Vice President, Market Risk Analytics Manager FICCS to join our Risk and Credit Group. 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 limited to:

  • Monitor client trading across multi-asset classes and create risk monitoring reports
  • Design SQL queries and relational databases to support daily tasks and automate reports
  • Manage team that issues intraday/overnight calls and risk limit breaches to clients, while answering and investigating any inquiries or disputes
  • Calibrate risk systems and reporting for daily monitoring and management reporting packages
  • Oversee and manage Stress Testing and 1.73 liquidation reports
  • Inspect client performances by evaluating intraday/overnight profit & losses and stress tests to identify any potential dangers and present protective measures against price fluctuations of client positions
  • Perform as a backup for daily approval of outgoing wires and ACHs
  • Manage and conduct reports on various Exchange Default Management Systems
  • Perform other tasks and duties as assigned and required

  • Bachelor's Degree from an accredited university, preferably in Business Administration or other related field
  • Minimum 10+ years of experience in futures, FX, and fixed income
  • Strong knowledge and experience in Power, Energy Futures, products and exchange requirements, standards, and best practices
  • Experience with exchange margin tools and ability to produce and analyze the margin requirements for various exchange margin platforms such as CME, ICE, Nodal, etc.
  • Familiarity with options and understanding of option strategies; experience with energy products with limit setting for contracts, margin, risk and Globex credit limits
  • Background in developing and maintaining risk policies, processes, procedures, and standards
  • Execute SQL queries and apply knowledge of database infrastructure, with experience using Tableau
  • Ability to manage across multiple competing priorities and time-sensitive initiatives
  • Strong ability to work independently, delegate duties and develop team relationships
  • Excellent written and verbal communication skills

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