ZipRecruiter

Log In

1

Operational Risk Jobs in Illinois (NOW HIRING)

DV Trading

Operational Risk Manager

Chicago, IL · On-site

Overview: DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

Overview: DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

Overview: DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently ...

next page

Showing results 1-20

All JobsOperational Risk JobsOperational Risk Jobs in Illinois

Operational Risk information

See Illinois salary details

$37.8K

$83.2K

$150.2K

How much do operational risk jobs pay per year?

As of Sep 6, 2026, the average yearly pay for operational risk in Illinois is $83,181.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,500.00 and $101,300.00 per year, depending on experience, location, and employer.

What is operational risk?

Operational risk refers to the potential for losses resulting from inadequate or failed internal processes, people, systems, or external events. Unlike credit or market risk, operational risk is related to the day-to-day operations of a business and can include issues such as fraud, system failures, natural disasters, or human error. Managing operational risk is essential for organizations to ensure business continuity, regulatory compliance, and to protect their reputation and assets.

How does an operational risk professional typically interact with other departments within an organization?

Operational Risk professionals work closely with a variety of teams, such as compliance, internal audit, IT, and business units, to identify and assess risks that could impact the organization's operations. They often facilitate risk assessments, lead training sessions on risk awareness, and collaborate on developing controls and mitigation strategies. Building strong relationships and communicating effectively across departments is essential, as much of the role involves influencing others and ensuring risk management practices are integrated into daily operations.

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

To thrive as an Operational Risk professional, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or risk management, often supported by relevant certifications such as FRM or ORM. Familiarity with risk management frameworks, data analysis tools, and governance, risk, and compliance (GRC) systems is typically required. Exceptional communication, attention to detail, and problem-solving abilities are crucial soft skills for identifying risks and collaborating across departments. These skills ensure that operational risks are effectively identified, assessed, and mitigated, protecting the organization from potential losses and regulatory issues.

What is the difference between Operational Risk vs Credit Analyst?

AspectOperational RiskCredit Analyst
Required CredentialsCertifications like FRM, PRM often preferredCertifications such as CFA, credit-specific courses
Work EnvironmentBanking, financial institutions, risk management departmentsBanking, lending institutions, financial services
Employer & Industry UsageUsed across financial sectors to manage risksUsed in lending to assess creditworthiness
Comparison Search IntentUnderstanding risk management rolesAssessing credit risk and loan eligibility

Operational Risk focuses on identifying and mitigating risks within business operations, including processes, systems, and people. Credit Analysts evaluate the creditworthiness of individuals or companies to determine loan eligibility. While both roles are within the financial industry, Operational Risk professionals concentrate on risk management frameworks, whereas Credit Analysts focus on credit assessment and lending decisions.

Is operational risk management a good career?

Operational risk management is a valuable career path in finance and banking, focusing on identifying and mitigating risks related to daily business operations. It requires strong analytical skills, knowledge of risk frameworks, and often certifications like FRM or ORM. The role offers opportunities for advancement and stability in regulated industries.

What are the most commonly searched types of Operational Risk jobs in Illinois?

The most popular types of Operational Risk jobs in Illinois are:

What are popular job titles related to Operational Risk jobs in Illinois?

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

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

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

Operational Risk jobs near you
Infographic showing various Operational Risk job openings in Illinois as of August 2026, with employment types broken down into 70% Full Time, 29% Part Time, and 1% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $83,181 per year, or $40 per hour.

Operational Risk Manager

DV Trading

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago

Job description

About Us:

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.

Overview:

DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently investigating issues and driving work across multiple teams. 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, and Compliance.

Job Responsibilities:

  • Manage market access and pre-trade risk controls
  • Perform trading limit review and control testing
  • Manage operational/trading incidents, including independently investigating issues and driving work across multiple teams to completion
  • Work directly with traders and Technology teams
  • Prepare risk-related documentation and respond to information requests, reviews, and counterparty risk questionnaires
  • Work effectively with Trading, Technology, Risk, and Compliance
  • Support new trading businesses, products, systems, and regulatory initiatives
  • Improve and automate risk processes
  • Develop policies and procedures

Requirements:

  • Approximately 5-10 years of relevant experience in operational risk, trading risk, electronic trading controls, or a related financial markets role
  • Strong preference for experience at a proprietary trading firm, market maker, broker-dealer, or other fast-paced trading environment; candidates from larger financial institutions can be a fit if they have relevant experience supporting an electronic execution or algorithmic trading business
  • Strong understanding of market access/pre-trade risk controls, trading limits, control testing, and incident management
  • Experience working directly with traders and Technology teams
  • Experience preparing risk-related documentation and responding to information requests, reviews, or counterparty risk questionnaires is preferred
  • Strong written and verbal communication skills
  • Bachelor's degree

Skills:

  • Market access and pre-trade risk controls
  • Trading limit review and control testing
  • Operational/trading incident management
  • Strong analytical and problem-solving skills
  • Strong verbal and written communication
  • Ability to work effectively with Trading, Technology, Risk, and Compliance
  • Ability to independently own and drive work to completion
  • Proactive and takes initiative
  • Independent and comfortable learning unfamiliar subject matter
  • Strong follow-through and accountability
  • Collaborative and responsive
  • Builds strong working relationships across different teams, personalities, and seniority levels
  • Diplomatic but willing to challenge when appropriate
  • Comfortable operating in a fast-moving environment with competing priorities

Preferred Skills:

  • Experience with clearing and executing broker risk questionnaires
  • Policy and procedure development
  • Experience supporting new trading businesses, products, systems, or regulatory initiatives
  • Experience improving or automating risk processes

Benefits: 

  • Discretionary bonus eligibility
  • Medical, dental, and vision insurance
  • HSA, FSA, and Dependent Care Options
  • Employer Paid Group Term Life and AD&D insurance
  • Voluntary LTD, Life & AD&D insurance
  • Flexible Vacation policy
  • Retirement plan with employer match

DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.

Apply