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Market Risk Jobs in Illinois (NOW HIRING)

William Blair

Risk Analyst

Chicago, IL · On-site

$77K - $95K/yr

Forecast risk-related costs, and develop and analyze alternatives for risk mitigation. Apply ... market environment, and business strategies and challenges. * Identify and analyze specific ...

Td

Director, Institutional Equity Sales

Chicago, IL · Hybrid

$300K/yr

If you are a Trader or are in a Hybrid role, in your capacity as a Trader, you are bound by the Market Risk Policies applicable to your business and are responsible for being aware of and ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

Our team has a broad mandate across market, credit, capital, and operational risk. Rather than assigning rigid responsibilities, we encourage people to contribute wherever they can have the greatest ...

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

S.-regulated, direct access electricity derivatives market, offering financial products to address ... You'll set the risk appetite for a fast-growing exchange, stand up the monitoring and surveillance ...

ElectronX

Head of Risk

Chicago, IL · On-site

$150 - $250/hr

S.-regulated, direct access electricity derivatives market, offering financial products to address ... You'll set the risk appetite for a fast-growing exchange, stand up the monitoring and surveillance ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

Our team has a broad mandate across market, credit, capital, and operational risk. Rather than assigning rigid responsibilities, we encourage people to contribute wherever they can have the greatest ...

Smarkets

Chief Risk Officer

Chicago, IL · On-site

$150 - $200/hr

Chief Risk Officer CFTC-Regulated Business Unit Location: Chicago, IL. Fully remote to start ... About Smarkets Smarkets is a prediction market exchange for sports and political trading that has ...

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 conditions to data analysis and program structuring to optimize coverage, risk retention, and total ...

Aon Corporation

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

Lead the annual renewal process for liability insurance programs, advise on strategy and market conditions to data analysis and program structuring to optimize coverage, risk retention, and total ...

William Blair

Risk Analyst

Chicago, IL · Hybrid

The Risk Analyst will identify and analyze potential operational, financial, legal and regulatory ... market environment, and business strategies and challenges. * Identify and analyze specific ...

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Showing results 41-60

All JobsMarket Risk JobsMarket Risk Jobs in Illinois

Market Risk information

See Illinois salary details

$63K

$105K

$141K

How much do market risk jobs pay per year?

As of Aug 14, 2026, the average yearly pay for market risk in Illinois is $104,977.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,500.00 and $126,900.00 per year, depending on experience, location, and employer.

What are common challenges faced by market risk professionals, and how can they be effectively managed?

Market Risk professionals often face the challenge of rapidly changing market conditions and the need to respond to unexpected volatility. Keeping up with regulatory requirements and ensuring data accuracy for risk models can also be demanding. Effective management of these challenges involves staying updated with market trends, regularly back-testing models, and collaborating closely with trading desks and compliance teams. Building strong analytical skills and maintaining open communication across departments are key to navigating the complexities of the role.

How to get into market risk?

To enter market risk, candidates typically need a bachelor's degree in finance, economics, or a related field, along with strong analytical skills and knowledge of financial markets. Relevant certifications such as the Financial Risk Manager (FRM) or Professional Risk Manager (PRM) can enhance prospects, and experience with risk management tools and programming languages like Excel, SQL, or Python is beneficial.

What is market risk?

Market risk refers to the possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets. This can include changes in interest rates, currency exchange rates, equity prices, or commodity prices. Market risk is inherent in any investment and is typically measured by volatility or the likelihood of market prices moving unfavorably. Managing market risk involves identifying, analyzing, and taking steps to mitigate potential losses. Professionals in market risk roles often use quantitative methods and models to assess and manage this risk for financial institutions.

What are the key skills and qualifications needed to thrive as a market risk analyst, and why are they important?

To thrive as a Market Risk Analyst, you need a strong foundation in quantitative analysis, financial modeling, and a relevant degree in finance, mathematics, or economics. Familiarity with risk management systems, financial databases (such as Bloomberg), and certifications like FRM or CFA are highly valued. Strong analytical thinking, attention to detail, and effective communication skills help you interpret data and convey risks clearly to stakeholders. These abilities are crucial for accurately assessing market exposures and supporting informed decision-making in volatile financial environments.

What is the difference between Market Risk vs Credit Analyst?

AspectMarket RiskCredit Analyst
Primary FocusAssessing risks from market movements, such as interest rates, currency, and equity pricesEvaluating the creditworthiness of borrowers and assessing credit risk
Required CredentialsTypically a degree in finance, economics, or related fields; certifications like FRM or CFASimilar credentials, often CFA or credit-specific certifications
Work EnvironmentFinancial institutions, trading desks, risk management departmentsBanks, lending institutions, credit agencies
Industry UsageCommonly used in investment banks, asset managers, and hedge fundsUsed across banking, lending, and credit risk sectors

While both roles require strong financial knowledge and certifications like CFA, Market Risk professionals focus on analyzing risks from market fluctuations, whereas Credit Analysts evaluate the creditworthiness of borrowers. Both roles are vital in financial institutions but serve different risk management functions.

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 jobs in Illinois?

For Market Risk jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Market Risk jobs in Illinois look for?

The top searched job categories for Market Risk jobs in Illinois are:

Market Risk jobs near you
Infographic showing various Market Risk job openings in Illinois as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $104,977 per year, or $50.5 per hour.

Senior Analyst, Thermal Settlements and Portfolio Analytics

Invenergy LLC

Chicago, IL • On-site

$62K - $82K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 16 days ago

Invenergy rating

9.3

Company rating: 9.3 out of 10

Based on 10 frontline employees who took The Breakroom Quiz

Job description

Invenergy is North America's largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future.
This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.
Job Description
Position Overview
The Sr. Analyst, Thermal Settlements and Portfolio Analytics will be reporting to the Manager of Thermal Settlements and Portfolio Analytics. This role is uniquely positioned to leverage the juncture of Thermal Settlements, International Settlements and Risk Management. The role will support efforts to improve settlement and reporting for domestic and international assets. The Sr. Analyst will settle physical and financial energy commodity transactions for assigned thermal electricity generation projects while translating their knowledge of project transactions into relevant risk analyses. The Sr. Analyst will leverage their knowledge and experience to create reports, guide process improvements, and provide input to Risk-related initiatives, both domestic and international.
Responsibilities:
  • Create and maintain Excel templates with validated power generation and price detail for energy customers and hedge counterparties in accordance with contractual provisions.
  • Validate physical and financial transactions through our ETRM with counterparties on assigned thermal projects.
  • Collaborate cross-functionally to improve the data integrity of our ETRM.
  • Identify needs and implement steps to create and maintain reporting and tools visible to decision makers across the relevant company footprint.
  • Identify and/or support process improvement and systems implementation initiatives relating to Settlements, Credit Risk, Market Risk, and Accounting best practices.
  • Build and maintain inventory of international operating project processes with regards to risk management and settlements across all technologies and recommend and implement supporting and validating procedures to assist local teams.
  • Accurately report to FERC, Statistics Canada, and MIRA as regulations require.
  • Prepare ad-hoc forecasts and analyses as needed.

Minimum Qualifications:
  • BA or BS in Economics, Mathematics, or related field.
  • 2-4 years of relevant experience required, energy project settlement experience preferred.
  • Energy industry experience. Understanding of energy commodity markets and regional power/independent system operators. Experience in a trading environment with an ETRM such as Allegro preferred.
  • Excellent analytical, quantitative, and modelling skills with strong attention to detail and a demonstrated ability to develop models in Excel. SQL, Power BI, Copilot, and Databricks skills preferred.

Preferred Qualifications:
  • Ability to work independently, exhibiting strong self-motivational habits, while also being able to coordinate projects across functional teams.
  • Understanding of market risk analytics with gas and power trading activity.
  • Strong communication, negotiation, and interpersonal skills.
  • Ownership of and follow-through on commitments, with a demonstrated ability and desire to continuously improve.
  • Excellent organizational skills and ability to prioritize effectively.
  • Ability and desire to work in a fast-paced, entrepreneurial environment with tight timelines.

Base Pay
$62,000.00 - $82,000.00 USD Annual
Bonus: 15%
The base pay range reflects the minimum and maximum target salary for the position. Invenergy considers a number of factors when determining base pay offers such as the scope and responsibilities of the position and the candidate's experience, education and skills.
In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus program(s) which are designed to reward individual and company performance. Your recruiter can share more about bonus eligibility for this position during the hiring process.
Invenergy offers a variety of other benefits including medical, dental and vision insurance, 401k, paid time off, etc.
Invenergy LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

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