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Overnight Bank Risk Management Jobs in Illinois (NOW HIRING)

BMO Capital Markets

Third Party Risk Manager

Chicago, IL · On-site

$57K - $106K/yr

... Bank's Risk Management Framework and approved Risk Appetite. * Management of risk stakeholder program execution and interaction with Third Party Risk Specialists/Supplier Managers to manage and ...

BMO Financial

Third Party Risk Manager

Chicago, IL · On-site

$57K - $106K/yr

... Bank's Risk Management Framework and approved Risk Appetite. * Management of risk stakeholder program execution and interaction with Third Party Risk Specialists/Supplier Managers to manage and ...

BMO Capital Markets

Third Party Risk Manager

Chicago, IL

$74K - $138K/yr

... the Bank's Risk Management Framework and approved Risk Appetite. Management of risk stakeholder program execution and interaction with Third Party Risk Specialists/Supplier Managers to manage and ...

BMO Financial

Third Party Risk Manager

Chicago, IL · On-site

$74K - $138K/yr

... Bank's Risk Management Framework and approved Risk Appetite. · Management of risk stakeholder program execution and interaction with Third Party Risk Specialists/Supplier Managers to manage and ...

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Overnight Bank Risk Management information

What is the difference between Overnight Bank Risk Management vs Credit Risk Analyst?

AspectOvernight Bank Risk ManagementCredit Risk Analyst
CredentialsRelevant risk management certifications, finance degreesFinance or economics degrees, risk certifications
Work EnvironmentBank risk departments, 24/7 operationsBanking institutions, analytical settings
Employer & IndustryCommercial banks, investment banksCommercial banks, credit institutions
Comparison Search IntentUnderstanding risk management roles in bankingAssessing credit risk and analysis

Overnight Bank Risk Management focuses on monitoring and mitigating risks that occur during overnight trading and operations, ensuring bank stability. Credit Risk Analysts primarily evaluate the creditworthiness of borrowers to prevent loan defaults. While both roles involve risk assessment and require finance-related credentials, Overnight Bank Risk Management emphasizes operational risk during off-hours, whereas Credit Risk Analysts concentrate on credit exposure and lending decisions.

Is overnight bank risk management a good career?

Overnight bank risk management is a specialized role focused on monitoring and mitigating financial risks during off-hours, often requiring strong analytical skills and knowledge of financial regulations. It can offer stable employment and opportunities for advancement in the banking and finance industry, especially for professionals with certifications like FRM or CFA. However, it may involve irregular hours and high-pressure situations, which should be considered when evaluating its suitability as a career.

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

The most popular types of Bank Risk Management jobs in Illinois are:

Overnight Bank Risk Management jobs near you

Risk Officer - Enterprise Risk Management & Investment Risk

Mesirow

Chicago, IL • On-site

$125K - $175K/yr

Full-time

Posted 18 days ago

Job description

The Opportunity:
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. We are proud of our employee-owned culture, built on collaboration and shared success, empowering our professionals to develop meaningful relationships, pursue growth opportunities and make a lasting impact for our clients and communities. Mesirow has been named one of the Best Places to Work in Chicago by Crain's Chicago Business multiple times and is one of Barron's Top 100 RIA firms.
Mesirow is seeking an experienced and highly motivated Risk Officer to lead and enhance our firm's Enterprise Risk Management (ERM) framework while providing independent oversight of investment and portfolio risks across our institutional asset management and capital markets businesses.
This role will be responsible for identifying, assessing, monitoring, and reporting risks across the organization, including strategic, operational, regulatory, technology, cybersecurity, business continuity, and investment risks. The successful candidate will work closely with senior leadership, compliance, operations, technology, legal, and internal committees to strengthen the firm's overall risk culture and governance.
This position offers an opportunity to build upon an established risk framework while helping shape the firm's long-term risk strategy.
Key Responsibilities:
Enterprise Risk Management
  • Maintain and continuously improve the firm's Enterprise Risk Management (ERM) framework.
  • Facilitate firm-wide risk assessments and maintain the enterprise risk register.
  • Identify, evaluate, and monitor strategic, operational, financial, regulatory, technology, vendor, and reputational risks.
  • Develop and monitor Key Risk Indicators (KRIs) and risk appetite metrics.
  • Prepare quarterly risk reports for executive management and the Board.
  • Coordinate periodic risk assessments with business units across the firm.
  • Monitor emerging risks and industry developments affecting the firm.
  • Oversee the firm's incident management and risk event reporting process.
  • Assist with regulatory examinations and due diligence requests relating to risk management.

Investment Risk Oversight
  • Provide independent oversight of investment risks across investment strategies.
  • Monitor portfolio exposures, leverage, liquidity, counterparty, concentration, market, and currency risks.
  • Develop and maintain investment risk reporting and dashboards.
  • Review portfolio risk relative to client guidelines and investment mandates.
  • Partner with portfolio managers to understand evolving investment risks while maintaining independent oversight.
  • Perform stress testing and scenario analysis across investment portfolios.
  • Evaluate new investment products, strategies, and trading activities from a risk perspective.

Qualifications:
Required
  • Bachelor's degree in Finance, Economics, Accounting, Risk Management, Business, Mathematics, or a related field.
  • 5-10 years of experience in enterprise risk management, investment risk, operational risk, or a related field within asset management, banking, insurance, or financial services.
  • Strong understanding of institutional asset management and investment products.
  • Experience with Enterprise Risk Management frameworks.
  • Knowledge of portfolio risk measurement techniques.
  • Excellent analytical, communication, and presentation skills.
  • Strong project management and organizational abilities.
  • Ability to influence stakeholders across multiple business functions.

Preferred
  • Master's degree (MBA, MS Finance, or related field).
  • Professional certifications such as:
    • FRM (Financial Risk Manager)
    • CFA (Chartered Financial Analyst)
    • PRM (Professional Risk Manager)
    • CRM or equivalent risk management certification
  • Experience with foreign exchange, derivatives, overlay strategies, or multi-asset portfolios.
  • Experience implementing or administering Governance, Risk & Compliance (GRC) platforms

In accordance with the Illinois Pay Transparency Law, the anticipated hiring base salary for the role will be between $125,000 and $175,000 per year. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, also provides the opportunity for a bonus and the Mesirow benefit program.
EOE
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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