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

Aon Corporation

Risk Manager

Chicago, IL · On-site

$100K - $150K/yr

... payment of all related invoices. Required qualifications: * Bachelor's degree or equivalent ... Demonstrated ability in risk management, insurance brokerage, or carrier environment. * Strong ...

Aon

Risk Manager

Chicago, IL · On-site

$100K - $150K/yr

... payment of all related invoices. Required qualifications: * Bachelor's degree or equivalent ... Demonstrated ability in risk management, insurance brokerage, or carrier environment. * Strong ...

Aon Corporation

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

... payment of all related invoices. Required qualifications: * Bachelor's degree or equivalent ... Demonstrated ability in risk management, insurance brokerage, or carrier environment. * Strong ...

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

$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 ...

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All JobsPayment Risk JobsPayment Risk Manager JobsPayment Risk Manager Jobs in Chicago, IL

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 10, 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 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.

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 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 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 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.

Risk Manager

Aon Corporation

Chicago, IL • On-site

$100K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 11 days ago

Aon rating

8.1

Company rating: 8.1 out of 10

Based on 77 frontline employees who took The Breakroom Quiz

59th of 150 rated financial services

Job description

Jones Lang LaSalle in partnership with Aon is seeking a Risk Manager!
Jones Lang LaSalle (JLL) is looking for a Risk Manager to join its global team. The position reports to the Director of Risk Management. This is a tremendous opportunity for someone looking to grow their experience as well as career!
Work Style: Hybrid - work in the downtown Chicago office 2-3 days a week.
What this job involves:
The qualified Risk Manager will have 5-7 years of relevant (insurance, brokerage, risk management) experience to assist in running our corporate General Liability, Auto, Pollution, Aviation, and Umbrella insurance programs, including a captive insurance structure.
A successful applicant will demonstrate a strong understanding of how to build insurance programs. They will handle programs, negotiate sophisticated contracts, and serve as a technical expert for internal teams and business leaders. Your primary objective will be to enable business growth and support client engagements while protecting the firm's balance sheet through effective risk management. This role requires collaboration with teams across the world and may involve occasional travel.
Key Responsibilities:
  • Insurance Program & Renewal Management: Lead the annual renewal process for liability insurance programs, advise on strategy and market conditions to data analysis and program structuring to optimize coverage, risk retention, and total cost of risk (TCOR).
  • Business Partnership & Advisory: Serve as the primary risk management resource for internal business divisions. Provide expert advice on insurance needs, contractual risk transfer, and indemnity provisions. Explain complex insurance concepts during client negotiations and present on risk management topics to enhance business-wide understanding.
  • Stakeholder & Vendor Relations: Cultivate relationships and partner with external interested parties, including insurance brokers, underwriters, and captive managers, to advocate for the firm's interests and ensure optimal service and program performance.
  • Contract Review & Negotiation: Advise on all insurance and risk-related provisions within new and existing client and vendor contracts, ensuring the firm's assets and interests are protected.
  • Financial Oversight: Partner with the Finance department on program budgeting, forecasting, allocations, and the timely payment of all related invoices.

Required qualifications:
  • Bachelor's degree or equivalent experience in Risk Management, Finance, Business, or a related field.
  • Demonstrated ability in risk management, insurance brokerage, or carrier environment.
  • Strong experience with General Liability and Auto insurance and Umbrella Liability programs.
  • Proven experience negotiating insurance provisions in commercial contracts.
  • Strong analytical skills, with proficiency in Microsoft Excel for crafting charts and graphs.
  • Strategic problem solver who pays attention to detail and has excellent communication and presentation skills. Able to explain technical insurance concepts in business terms to many audiences.

Preferred qualifications:
  • Professional certifications such as Associate in Risk Management (ARM) or Certified Risk Manager (CRM) or similar.
  • Demonstrable experience using and leveraging AI tools to enhance business processes and outcomes is a plus

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.
Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
Pay Transparency Laws:
The salary range for this position (intended for U.S. applicants) is $100,000 to $150,000 annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location.
The salary range reflected is based on a primary work location of Chicago, IL. The actual salary may vary for applicants in a different geographic location.
This position is eligible to participate in one of Aon's annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.
A summary of all the benefits offered for this position:
Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon's discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
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About Aon

Sourced by ZipRecruiter

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Chicago, IL, US

Year founded

1992

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