ZipRecruiter

Log In

1

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

Smarkets

Chief Risk Officer

Chicago, IL · On-site

... management, ideally within derivatives markets, exchanges, clearinghouses, or other financial infrastructure providers. * 4+ years of hands-on experience owning enterprise or operational risk within ...

CME Group

Clearing Deliveries & Risk Analyst

Chicago, IL · Hybrid

$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 ...

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 ...

Griffith Foods

Risk Operations Specialist

Alsip, IL · On-site

$84K - $107K/yr

... operational improvements. Qualified candidates will have: * Bachelor's degree in Risk Management, Finance, Business, Insurance, or related field OR * Equivalent Experience * 2-5 years of experience ...

Griffith Foods

Risk Operations Specialist

Alsip, IL · Hybrid

$100K/yr

Administer ingglobal property, casualty, management liability & cyberclaims;with a focus ... support Risk Management, Operations, and site leadership in development and execution of risk ...

Griffith Foods

Risk Operations Specialist

Alsip, IL · Hybrid

$84K - $107K/yr

Administeringglobal property, casualty, management liability & cyberclaims;with a focus ... Operations, and site leadership in development and execution of risk improvement plans.

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 ...

Bank of Montreal

Manager, US ONFR Governance

Chicago, IL · On-site

$74K - $138K/yr

Audit, Risk & Compliance The Manager, U.S. Operational Non-Financial Risk (ONFR) Governance supports the execution of regulatory and audit engagements, including formal examinations, ongoing ...

Robinhood

Futures Risk Program Manager

Chicago, IL · On-site

Conduct thorough risk assessments focused on operational and technology risks, identifying ... Develop automations for robust supervision and risk management. Develop real-time monitoring ...

next page

Showing results 1-20

All JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Naperville, IL

Operational Risk Manager information

See Naperville, IL salary details

$46.9K

$120.5K

$236.6K

How much do operational risk manager jobs pay per year?

As of Jun 23, 2026, the average yearly pay for operational risk manager in Naperville, IL is $120,526.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,400.00 and $158,800.00 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 4 pillars of operational risk management?

The four pillars of operational risk management are risk identification, risk assessment, risk mitigation, and risk monitoring. An Operational Risk Manager uses these pillars to develop strategies that minimize potential losses from internal processes, people, systems, or external events, often utilizing tools like risk dashboards and frameworks such as Basel II. Mastery of these pillars helps ensure organizational resilience and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and mitigates risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop risk management frameworks, monitor key risk indicators, and ensure compliance with regulations to protect the organization’s assets and reputation.

Do risk managers make good money?

Operational Risk Managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary ranges from $80,000 to over $130,000, with additional compensation such as bonuses and benefits. Certifications like FRM or ORM can enhance earning potential in this field.

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 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 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.

What are the 5 steps of orm?

In operational risk management (ORM), the five key steps are: identifying risks, assessing their likelihood and impact, implementing controls to mitigate risks, monitoring the effectiveness of these controls, and reviewing and improving the risk management process regularly. These steps help operational risk managers proactively manage potential threats to an organization’s operations.
More about Operational Risk Manager jobs
What are the most commonly searched types of Operational Risk jobs in Naperville, IL? The most popular types of Operational Risk jobs in Naperville, IL are:
What job categories do people searching Operational Risk Manager jobs in Naperville, IL look for? The top searched job categories for Operational Risk Manager jobs in Naperville, IL are:
What cities near Naperville, IL are hiring for Operational Risk Manager jobs? Cities near Naperville, IL with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Naperville, IL as of June 2026, with employment types broken down into 88% Full Time, 10% Part Time, 1% Temporary, and 1% Contract. Highlights an 91% Physical, 2% Hybrid, and 7% Remote job distribution, with an average salary of $120,526 per year, or $57.9 per hour.

Chief Risk Officer

Smarkets

Chicago, IL • On-site

Full-time

Posted 5 days ago

Job description

Chief Risk Officer
CFTC-Regulated Business Unit
Location: Chicago, IL. Fully remote to start, transitioning to 3 days/week in office.
About Smarkets
Smarkets is a prediction market exchange for sports and political trading that has handled over $50 billion in volume since 2010. We are upending the sports betting industry by growing a platform that offers the best value for traders, with not only the fairest prices but also the best technology, alongside a superior customer experience.
We believe the foundation to our success is attracting the best people to our organisation and creating a high-performance environment where they can thrive. We are searching for an atypical candidate with a wealth of regulated business experience to support the development of our CFTC business.
The Role
This is a senior leadership role sitting within our CFTC-regulated business unit, with responsibility for the enterprise risk management function across our Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO). You will be the most senior risk voice in the business, owning the identification, assessment, and mitigation of every risk facing the entity. This is a founding build: our licensing applications are in-flight and you will stand up the risk management framework from the ground up through to go-live, then operate and mature it as the business scales. You will work directly with the CEO and board, with the support of the Smarkets UK team behind you.
About You
  • Senior risk leader with 7+ years of senior experience in risk management, ideally within derivatives markets, exchanges, clearinghouses, or other financial infrastructure providers.
  • 4+ years of hands-on experience owning enterprise or operational risk within a DCM, DCO, or comparable regulated market infrastructure in the United States, with direct responsibility for risk and system safeguards, not advisory or supporting experience.
  • Entrepreneurial mindset with a proven track record working in a small scale fast-paced creative work environment.
  • Deep understanding of the CFTC's risk and system safeguards expectations, including Core Principle 20 (System Safeguards), stress testing, and operational resilience requirements.
  • Strong background identifying and analysing technology risk, counterparty exposures, and internal control weaknesses, and translating them into a defensible, audit-ready risk framework.
  • Proficiency with established risk assessment frameworks (COSO ERM, ISO 31000) and control testing, applied across financial, operational, and systemic risk. CFA or FRM certification is desirable.
  • Experience partnering with the CEO and board on risk strategy, board-level governance, and risk reporting, including engagement with regulators at an institutional level.

Responsibilities
  • Own the end-to-end enterprise risk management programme for Smarkets Board of Trade (DCM): policies, controls, monitoring, stress testing and reporting, ready for go-live.
  • Establish and maintain risk assessment processes across market volatility and trading disruptions, technology failures and cyber threats, vendor and third-party dependencies, and compliance and internal control weaknesses.
  • Own Core Principle 20 (System Safeguards): embed system safeguards testing, cyber resilience, business continuity and recovery planning into day-to-day operations.
  • Oversee or conduct stress testing and backtesting relevant to market and technology risk, and maintain the risk register with clear escalation of significant events to the CEO and regulatory authorities.
  • Develop risk mitigation strategies and monitor risk indicators across all business units, including those operating across jurisdictions (for example, engineering in the UK).
  • Work in coordination with the CISO and Compliance to ensure regulatory and operational risk is fully embedded across the business.
  • Report on risk exposures and mitigation plans to the CEO, board, and designated risk committees, ensuring documentation, dashboards and controls are audit-ready and CFTC-compliant.
  • Contribute to incident response and recovery planning, with a focus on risk impact analysis and controls testing.

Desirable Attributes
  • Personal interest in sports, exchanges, or trading
  • Experience with system safeguards testing, cybersecurity risk, and business continuity and disaster recovery planning in a regulated trading environment.
  • Experience engaging with self-regulatory organisations (SROs) such as the NFA, and participating in industry working groups.
  • Prior experience at the CFTC as a staff member or examiner, subsequently transitioning to industry, this background is highly valued.
  • Familiarity with event contracts, prediction markets, or similar novel futures products and their treatment under the CFTC framework.

Our Values
  • Push to win
  • Make others better
  • Give a shit
  • Be a pro
  • Bring the energy

Our values are at the heart of everything that we do. We believe these are the fundamentals to ensure we are delivering what's expected of us in the best way possible for ourselves and for those around us.
Benefits
We offer a competitive salary package and benefits, along with a dynamic and collaborative work environment. Your work with us will make an impact and your voice will be heard. We are a diverse team with a strong work ethic and plenty of hunger to win. We have designed our benefits offering around Health, Wealth, Lifestyle and Development.

Apply