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

DV Trading

Operational Risk Manager

Chicago, IL

This role focuses on market access and pre-trade risk controls, trading limit review and control testing, and operational/trading incident management, working directly with Trading, Technology, Risk ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

This role focuses on market access and pre-trade risk controls, trading limit review and control testing, and operational/trading incident management, working directly with Trading, Technology, Risk ...

Socket.dev

Operational Risk Manager

Chicago, IL · On-site

$175 - $225/hr

This role focuses on market access and pre-trade risk controls, trading limit review and control testing, and operational/trading incident management, working directly with Trading, Technology, Risk ...

New

DV Trading

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

This role focuses on market access and pre-trade risk controls, trading limit review and control testing, and operational/trading incident management, working directly with Trading, Technology, Risk ...

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

Operational Risk Management information

See Chicago, IL salary details

$48.5K

$124.4K

$244.3K

How much do operational risk management jobs pay per year?

As of Sep 4, 2026, the average yearly pay for operational risk management in Chicago, IL is $124,438.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,800.00 and $163,900.00 per year, depending on experience, location, and employer.

What is operational risk management?

Operational risk management is the process of identifying, assessing, and controlling risks that arise from an organization’s day-to-day operations. These risks can include system failures, human errors, fraud, or external events that could disrupt business processes. Effective operational risk management helps organizations minimize losses and ensure business continuity by implementing controls, monitoring processes, and developing contingency plans. It is an essential component of overall risk management in industries such as finance, healthcare, and manufacturing.

What are common challenges faced by professionals in operational risk management, and how can they be addressed?

Professionals in Operational Risk Management often face challenges such as identifying emerging risks, ensuring regulatory compliance, and fostering a risk-aware culture across departments. These challenges can be addressed by staying updated on industry regulations, implementing robust risk assessment tools, and promoting open communication with business units. Regular training and collaboration with other risk management functions also help in proactively managing potential operational threats and ensuring organizational resilience.

What are the key skills and qualifications needed to thrive as an operational risk manager, and why are they important?

To thrive as an Operational Risk Manager, you need strong analytical abilities, knowledge of risk assessment frameworks, and typically a degree in finance, business, or a related field. Familiarity with risk management software, regulatory compliance systems, and certifications like FRM or ORM are commonly required. Exceptional communication, problem-solving, and stakeholder management skills help you influence business processes and foster a risk-aware culture. These skills ensure the effective identification, mitigation, and communication of risks, safeguarding organizational assets and compliance.

What is the difference between Operational Risk Management vs Risk Analyst?

AspectOperational Risk ManagementRisk Analyst
CredentialsCertifications like FRM, CRM, or RIMS; relevant degrees in finance, risk management, or businessSimilar certifications; degrees in finance, economics, or related fields
Work EnvironmentCorporate offices, financial institutions, or industries with risk management departmentsFinancial firms, consulting agencies, or corporate risk teams
Employer & Industry UsageUsed across banking, insurance, and large corporations to manage operational risksCommonly employed in finance, insurance, and consulting to analyze risk data

Operational Risk Management focuses on identifying, assessing, and mitigating risks related to daily business operations. Risk Analysts analyze data to evaluate potential risks and support decision-making. While both roles require similar credentials and work environments, Operational Risk Managers oversee comprehensive risk strategies, whereas Risk Analysts focus on data analysis and risk assessment.

Is operational risk management a good career?

Operational risk management is a valuable career that involves identifying and mitigating risks within an organization’s operations. It requires strong analytical skills, knowledge of industry regulations, and often certifications like ORM or FRM. The field offers opportunities for advancement in financial services, manufacturing, and other sectors with a focus on compliance and risk assessment.

What does an operational risk management do?

Operational risk management involves identifying, assessing, and mitigating risks that could disrupt an organization's daily operations. Professionals in this field develop strategies to prevent losses from process failures, fraud, or system outages, often using tools like risk assessments and control frameworks. They ensure compliance with regulations and improve overall operational resilience.

What are the most commonly searched types of Operational Risk Management jobs in Chicago, IL?

The most popular types of Operational Risk Management jobs in Chicago, IL are:

What are popular job titles related to Operational Risk Management jobs in Chicago, IL?

For Operational Risk Management jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Operational Risk Management jobs in Chicago, IL look for?

The top searched job categories for Operational Risk Management jobs in Chicago, IL are:

Operational Risk Management jobs near you
Infographic showing various Operational Risk Management job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 90% Physical, 2% Hybrid, and 8% Remote job distribution, with an average salary of $124,438 per year, or $59.8 per hour.

Operational Risk Management Analyst

Swoon Technology Resources LLC

Chicago, IL • On-site

$80K/yr

Full-time

Posted 17 days ago

Job description

Location: chicago,Illinois
Expected Start Date: Jul 22, 2026
US Operational Risk Management Analyst
Location: Chicago, IL (Hybrid - 3 days onsite)
Employment Type: Direct Hire
Salary: $80,000
Must Have
  • Bachelor's Degree
  • 2-4 years of professional experience
  • Experience within Financial Services
  • Exposure to Operational Risk, Risk Management, Governance, Compliance, Internal Audit, or related functions
  • Strong analytical skills

Nice to Have
  • Banking experience
  • Consulting background (Big Four or Risk Advisory)
  • Power BI
  • MetricStream
  • Governance reporting experience
  • Change Management exposure
  • Enterprise Risk programs
  • Risk & Control Self Assessment (RCSA)

About the Opportunity
Our client is looking for an Analyst, US Operational Risk Management to join their growing US Risk organization. This role is ideal for an early-career risk professional looking to build broad exposure across enterprise operational risk while working alongside senior leaders responsible for governance, operational resilience, regulatory programs, and risk transformation.
Unlike traditional operational risk roles focused on a single function, this position is designed as a rotational development opportunity, allowing the analyst to gain experience across multiple operational risk disciplines while supporting enterprise-wide initiatives that impact the entire US organization.
This individual will work closely with leadership across Risk Management, Internal Audit, Compliance, Technology, Data & AI, and business stakeholders to help strengthen CIBC's Operational Risk framework.
What You'll Be Doing
Operational Risk Program Support
  • Support execution of the US Operational Risk Management (ORM) program
  • Prepare recurring operational risk reporting and executive-level management materials
  • Assist with Risk & Control Self Assessments (RCSA)
  • Support operational loss reporting and metrics
  • Track remediation activities and follow-up actions
  • Coordinate governance meetings and committee materials
Risk Assessments
  • Participate in operational risk assessments
  • Gather and analyze risk data
  • Document risks, controls, issues, and action items
  • Support Change Initiative Risk Assessments
  • Assist with governance documentation and reporting
Analytics & Reporting
  • Analyze operational risk trends
  • Build executive reporting packages
  • Maintain dashboards and reporting trackers
  • Identify process improvements through data analysis
  • Support reporting accuracy and quality control
Cross-Functional Projects
This role will rotate across multiple Operational Risk disciplines, including:
  • Operational Risk Governance
  • Third-Party Risk
  • Operational Resilience
  • Business Continuity
  • Cyber Risk
  • Data Risk
  • Fraud Risk
  • Physical Security Risk
  • Change Management
  • Portfolio Management
  • Control Testing

You'll gain exposure to multiple enterprise risk functions while supporting strategic initiatives across the US organization.

Apply