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Payment Risk Manager Jobs in Chicago, IL (NOW HIRING)

Early Warning Services

IT Risk Manager

Chicago, IL · Hybrid

As a trusted name in payments, we partner with thousands of institutions to increase access to ... Overview The Manager, Risk Management is responsible for the building and coordination of a ...

Capital One

Lead Risk Specialist

Riverwoods, IL

$102K/yr

Help establish and manage key governance routines and risk reporting for the Global Payment Network. * Framework & Documentation Lifecycle: Understand, document, and analyze current-state ...

Capital One

Lead Risk Specialist

Chicago, IL · On-site

$101K/yr

Help establish and manage key governance routines and risk reporting for the Global Payment Network. * Framework & Documentation Lifecycle: Understand, document, and analyze current-state ...

Coinme

Director of Payments & Risk

Chicago, IL

Our modular, API-first infrastructure provides everything from KYC and payment processing to ... Manage the vendor and partner ecosystem at both levels: hands-on (rules, integrations, data quality ...

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Payment Risk Manager information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do payment risk manager jobs pay per year?

As of Aug 31, 2026, the average yearly pay for payment risk manager in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

What does a payment risk manager do?

A Payment Risk Manager is responsible for identifying, assessing, and mitigating risks related to payment transactions within a company. They develop strategies to detect and prevent fraud, monitor payment activities, ensure compliance with relevant regulations, and analyze transaction data to identify suspicious patterns. Their work helps protect both the organization and its customers from financial losses and ensures secure and efficient payment processes.

What are some common challenges a payment risk manager faces when implementing fraud prevention strategies?

Payment Risk Managers often encounter challenges balancing effective fraud prevention with a smooth customer experience. Implementing robust controls can sometimes result in false positives, inadvertently blocking legitimate transactions and frustrating customers. Additionally, staying ahead of constantly evolving fraud tactics requires continuous learning and adaptation, as well as close collaboration with IT, compliance, and customer support teams. Regularly updating risk models and fostering communication across departments are key to addressing these challenges effectively.

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

To thrive as a Payment Risk Manager, you need a strong background in finance, risk assessment, data analysis, and a relevant degree in business, finance, or a related field. Familiarity with payment processing systems, fraud detection tools, and risk management software, as well as certifications like Certified Fraud Examiner (CFE), are typically required. Excellent problem-solving, critical thinking, and communication skills help professionals stand out in this role. These skills and qualifications are crucial for effectively identifying, mitigating, and preventing payment risks, ensuring financial security and compliance within organizations.

What is the difference between Payment Risk Manager vs Credit Analyst?

AspectPayment Risk ManagerCredit Analyst
Required CredentialsBachelor's degree, certifications like CRCM or RMA often preferredBachelor's degree in finance, economics, or related field; certifications like CFA or credit analysis courses
Work EnvironmentFinancial institutions, payment processing companies, e-commerce firmsBanks, lending institutions, credit bureaus
Employer & Industry UsageFocuses on managing payment fraud and risk in transaction environmentsEvaluates creditworthiness of individuals or businesses for lending decisions

The Payment Risk Manager primarily focuses on mitigating risks associated with payment transactions, while the Credit Analyst assesses creditworthiness for lending. Both roles require financial knowledge and analytical skills but serve different aspects of financial risk management.

Do payment risk managers make good money?

Payment risk managers typically earn a competitive salary that varies based on experience, location, and industry. They often receive additional benefits and may advance to higher roles such as risk director or compliance officer, increasing earning potential. Certification in risk management or related fields can also enhance salary prospects.

Is a Payment Risk Manager a stressful job?

A Payment Risk Manager role involves monitoring and analyzing financial transactions to detect fraud and mitigate risks, which can be stressful during high transaction volumes or when managing urgent issues. The job requires attention to detail, problem-solving skills, and often involves working under tight deadlines, but workload and stress levels vary by organization and individual experience.

What are popular job titles related to Payment Risk Manager jobs in Chicago, IL?

For Payment Risk Manager jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Payment Risk Manager jobs in Chicago, IL look for?

The top searched job categories for Payment Risk Manager jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Payment Risk Manager jobs?

Cities near Chicago, IL with the most Payment Risk Manager job openings:

Payment Risk Manager jobs near you
Infographic showing various Payment Risk Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

Manager, Data Risk Governance - Global Payment Network

Riverwoods, IL • On-site

Capital One
Funds, Trusts and Financial Programs • 10K+ employees

7.8

Company rating: 7.8 out of 10

Based on 148 frontline employees who took The Breakroom Quiz

88th of 173 rated banks

Good employer

Recommended by students

Paid breaks

Learn more about Capital Oneexternal

Full-time

Re-posted 21 days ago

Job description

Manager, Data Risk Governance - Global Payment Network

As a Manager on the Global Payment Network (GPN) Data Governance team, you will work with a team of professionals dedicated to ensuring that GPN's most critical data is well-managed, high-quality, and adheres to enterprise data management policies. You will play a pivotal role in maintaining the integrity of our data ecosystem, enabling the organization to make data-driven decisions with confidence while mitigating risks across the data lifecycle.

Key Responsibilities:

  • Data Governance & Policy Adherence: Support the implementation and oversight of data management practices to ensure compliance with policies, procedures, and best practices

  • Data Quality Management: Oversee programs to ensure the quality, accuracy, and reliability of GPNs most important data

  • Tooling & Ecosystem Mastery: Proactively learn and master the nuances of the various tools used to support the data management ecosystem to drive automation, efficiency, and better risk oversight

  • Problem Solving & Innovation: Apply intellectual curiosity and strong analytical skills to solve complex data management challenges and identify opportunities for process transformation and automation initiatives

  • Stakeholder Collaboration: Partner with Accountable Executives (AEs), Performing Data Stewards (PDSs), and tech teams to ensure data-driven initiatives align with the broader risk and well-managed agenda

  • Risk Insights & Reporting: Proactively synthesize data and reporting to provide actionable business insights to senior leadership regarding the health and compliance of the data ecosystem

The Ideal Candidate

  • Intellectually Curious: You are passionate about digging into the details to understand current states and long-term visions for data management

  • Strategic Problem Solver: You proficiently apply structure and implement frameworks to tackle whitespace and anticipate roadblocks

  • Quality Obsessed: You possess a relentless focus on quality and timeliness in all deliverables

Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 3 years of experience in Risk Management, Data Governance, or Financial Services

  • At least 5 years of experience supporting, partnering, and interacting with internal business clients

Preferred Qualifications:

  • Master's Degree

  • 6+ years of experience leading cross-functional risk or data programs

  • 4+ years of experience with data management tools and platforms (e.g., Snowflake, AWS, or enterprise data cataloging tools)

  • Professional certification such as CISA, CDMP, or PMP

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Chicago, IL: $138,100 - $157,700 for Risk Manager


McLean, VA: $151,900 - $173,400 for Risk Manager


Richmond, VA: $138,100 - $157,700 for Risk Manager


Riverwoods, IL: $138,100 - $157,700 for Risk Manager








Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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