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Operational Risk Manager Jobs in Aurora, IL (NOW HIRING)

CME Group

Clearing Deliveries & Risk Analyst

Chicago, IL · On-site

$27.69 - $46.15/hr

As a Clearing Deliveries & Risk Analyst, you will step into a pivotal role, monitoring the ... Operational Discipline: Strong documentation skills and the ability to manage a flexible schedule ...

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$105K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$105K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...

Factset

Director, Technology Risk

Chicago, IL · On-site

... operational risk, and technology change risk * Demonstrated success embedding risk-based thinking into technology portfolio management and investment decision-making in partnership with Finance ...

Citizens

Third Party Risk Analyst

Chicago, IL

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...

bp

Commercial Risk Advisor

Chicago, IL · On-site

Engage JV asset managers, functional assurers, risk practitioners and others to conduct risk ... operations * Work with RS&M European midstream RPOs for consistency and best practice sharing

Citizens

Third Party Risk Analyst

Chicago, IL · On-site

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...

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Operational Risk Manager information

See Aurora, IL salary details

$46.6K

$119.7K

$235K

How much do operational risk manager jobs pay per year?

As of May 30, 2026, the average yearly pay for operational risk manager in Aurora, IL is $119,671.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,900.00 and $157,600.00 per year, depending on experience, location, and employer.

What Does an Operational Risk Manager Do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

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 a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

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

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

More about Operational Risk Manager jobs
What are popular job titles related to Operational Risk Manager jobs in Aurora, IL? For Operational Risk Manager jobs in Aurora, IL, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Aurora, IL look for? The top searched job categories for Operational Risk Manager jobs in Aurora, IL are:
What cities near Aurora, IL are hiring for Operational Risk Manager jobs? Cities near Aurora, IL with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Aurora, IL as of May 2026, with employment types broken down into 2% As Needed, 78% Full Time, 12% Part Time, 1% Temporary, 6% Contract, and 1% Nights. Highlights an 66% Physical, 6% Hybrid, and 28% Remote job distribution, with an average salary of $119,671 per year, or $57.5 per hour.
Clearing Deliveries & Risk Analyst

Clearing Deliveries & Risk Analyst

CME Group

Chicago, IL • On-site

$27.69 - $46.15/hr

Full-time

Medical, Retirement, PTO

Posted 9 days ago

Job description

The Clearing House is the analytical heartbeat of our financial ecosystem, clearing and guaranteeing every matched transaction to ensure market integrity. As a Clearing Deliveries & Risk Analyst, you will step into a pivotal role, monitoring the financial performance of clearing members and safeguarding the final settlement of products-whether through cash or physical delivery. You will be the guardian of compliance, ensuring that as contracts reach maturity, every position is accounted for and every regulation is met. This role is designed for a meticulous problem-solver who thrives on reconciliation, data accuracy, and the high-stakes environment of market monitoring.
What You'll Get
  • A supportive environment fostering career progression, continuous learning, and an inclusive culture.
  • Broad exposure to CME's diverse products, asset classes, and cross-functional teams.
  • A competitive salary and comprehensive benefits package.

Explore our full range of benefits.
What You'll Do
  • Orchestrate Delivery Operations: Take command of daily delivery processes, ensuring clearing member firms execute with precision and timeliness.
  • Monitor Market Integrity: Vigilantly track market movements and firm activities to identify potential risk issues before they escalate.
  • Enforce Risk Mitigation: Act as a front-line defender by applying and enforcing rigorous risk mitigation procedures across clearing member firms.
  • Master Data Reconciliation: Ensure the absolute accuracy of clearing member positions and delivery data, maintaining a balanced and current reporting ecosystem.
  • Drive Strategic Communication: Serve as a key liaison between the Clearinghouse and member firms, assessing delivery capabilities and managing real-time risk exposure.
  • Solve Complex Issues: Diagnose, document, and resolve technical and operational hurdles within clearing applications, providing clear reporting to leadership and stakeholders.

What You'll Bring
  • Bachelor's degree required
  • Open to recent graduates with relevant or transferrable skills and experiences
  • 0 - 2 years work experience in a client service centered role, preferred
  • Analytical Prowess: A keen ability to dissect complex data sets and solve intricate problems under the pressure of market deadlines.
  • Technical Proficiency: Mastery of the Microsoft Office Suite (with an emphasis on advanced Excel) and fluency in the Google App Suite (Docs, Sheets, Slides).
  • Communication Excellence: The interpersonal skills required to lead daily dialogues with clearing members and internal risk teams.
  • Collaborative Mindset: A proven track record of working effectively within high-functioning teams to achieve shared outcomes.
  • Operational Discipline: Strong documentation skills and the ability to manage a flexible schedule to meet the rhythmic demands of the clearing cycle.

Work Schedule: This position requires a daily presence in our Chicago office, 5 days a week
#LI-DD1
CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $27.69--$46.15. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.
CME Group: Where Futures are Made
CME Group is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.
At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.
Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.
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About CME Group

Sourced by ZipRecruiter

As the world’s leading derivatives marketplace, CME Group is where the world comes to manage risk. We enable clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. We meet uncertainty and volatility with confidence and clarity, across the trading lifecycle and around the world.

Industry

Finance and insurance

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

2007

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