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Portfolio Risk Management Internship Jobs in Naperville, IL

Byline Bank.

Portfolio Manager (Remote)

Schaumburg, IL · On-site

$72K - $89K/yr

Partner with Risk Management and credit teams to support underwriting and decisions. * Assist with problem-loan identification and remediation. * Prepare quarterly portfolio summaries and risk trend ...

Northern Trust

Portfolio Analyst

Chicago, IL · On-site

$114.50K - $194.70K/yr

This individual will work closely with portfolio managers, quantitative researchers, and risk teams to translate research insights into scalable, compliant, and efficient portfolio outcomes across a ...

Northern Trust

Portfolio Analyst

Chicago, IL

$114.50K - $194.70K/yr

This individual will work closely with portfolio managers, quantitative researchers, and risk teams to translate research insights into scalable, compliant, and efficient portfolio outcomes across a ...

TIAA

MD, Sr Market Risk Officer

Chicago, IL · On-site

$167K - $234K/yr

Investment Risk Management, Research, Trading, Portfolio Management, Underwriting or Surveillance Preferred: * 12+ years' Equity market experience in at least one of these areas: Investment Risk ...

Northern Trust

Portfolio Analyst

Chicago, IL

$114.50K - $194.70K/yr

This individual will work closely with portfolio managers, quantitative researchers, and risk teams to translate research insights into scalable, compliant, and efficient portfolio outcomes across a ...

Bank of Montreal

Portfolio Manager

Chicago, IL · On-site

$88.80K - $165.60K/yr

Monitors portfolio to identify deteriorating credit conditions and compliance, analyses metrics ... Take measured risks while protecting the bank by applying our Risk Management Framework in the ...

Next Play Jobs

Director Portfolio Management

Chicago, IL · Hybrid

$225K - $275K/yr

Incorporate risk management strategies, including hedging and options where appropriate * Lead portfolio positioning through market cycles, including down markets and recoveries Investment Research ...

Bank of Montreal

Portfolio Manager

Chicago, IL · On-site

$88.80K - $165.60K/yr

Monitors portfolio to identify deteriorating credit conditions and compliance, analyses metrics ... Take measured risks while protecting the bank by applying our Risk Management Framework in the ...

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Portfolio Risk Management Internship information

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$2.1K

$6.4K

$7.8K

How much do portfolio risk management internship jobs pay per month?

As of May 28, 2026, the average monthly pay for portfolio risk management internship in Naperville, IL is $6,429.92, according to ZipRecruiter salary data. Most workers in this role earn between $4,408.33 and $7,658.33 per month, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Portfolio Risk Management Intern, and why are they important?

To thrive as a Portfolio Risk Management Intern, you need strong quantitative analysis skills, a background in finance or economics, and proficiency in data interpretation. Familiarity with risk management software, Excel, and statistical tools such as Python or R is highly valued, along with coursework or certifications in risk or investment management. Attention to detail, problem-solving abilities, and effective communication are important soft skills for collaborating with teams and presenting findings. These skills ensure accurate risk assessment, informed decision-making, and valuable support to the portfolio management process.

What types of projects and responsibilities can I expect during a Portfolio Risk Management Internship?

As a Portfolio Risk Management intern, you can expect to assist with analyzing financial data, identifying potential risks to investment portfolios, and supporting the development of risk mitigation strategies. Interns often work closely with senior analysts and portfolio managers, using quantitative tools to assess market and credit risk exposures. You may also help prepare risk reports and participate in meetings where findings are discussed. This hands-on experience offers valuable insight into how risk management decisions are made within investment teams.

What is a Portfolio Risk Management Internship?

A Portfolio Risk Management Internship is a temporary position, often for students or recent graduates, focused on supporting the risk management activities of an investment portfolio. Interns typically assist in analyzing financial data, identifying potential risks, and helping develop strategies to mitigate those risks within a portfolio of assets. This role provides hands-on experience with risk assessment tools, exposure to financial markets, and insights into how investment decisions are made. Interns may work closely with portfolio managers, analysts, and risk professionals to understand and manage the balance between risk and return.

What is the difference between Portfolio Risk Management Internship vs Portfolio Risk Analyst?

AspectPortfolio Risk Management InternshipPortfolio Risk Analyst
CredentialsTypically pursuing or recent graduate, some finance or risk-related courseworkBachelor's or master's in finance, economics, or related field; relevant certifications preferred
Work EnvironmentInternship setting, supervised, entry-level tasksFull-time professional role, responsible for analyzing and managing risk
Employer & IndustryFinancial firms, asset managers, banksFinancial institutions, investment firms, asset management companies
Search & Comparison IntentEntry-level, internship opportunities, learning rolesFull-time career positions, risk analysis roles

The main difference is that a Portfolio Risk Management Internship is an entry-level, temporary position designed for students or recent graduates gaining exposure to risk management. In contrast, a Portfolio Risk Analyst is a full-time professional responsible for ongoing risk assessment and management within financial firms. Internships often serve as a stepping stone toward a full analyst role.

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Portfolio Risk Management Internship jobs near you
Head, North American Provisioning & Risk Analytics

Head, North American Provisioning & Risk Analytics

Bank of Montreal

Chicago, IL • On-site

$210K - $260K/yr

Full-time

Medical, Life, Retirement

Posted 15 days ago

Job description

Application Deadline:
06/19/2026
Address:
320 S Canal Street
Job Family Group:
Data Analytics & Reporting
The Head, North American Provisioning & Risk Analytics is accountable for leading credit loss provisioning and advanced analytics for Retail and Business Banking portfolios across North America. This role provides deep subject matter expertise in credit loss forecasting, model oversight, portfolio analytics, and risk insights in support of financial reporting, risk management, and enterprise governance.
The role operates at a senior, enterprise-wide level and partners closely with Risk, Finance, Collections, and business leaders to ensure accurate, transparent, and well-governed provisioning outcomes under applicable regulatory frameworks (e.g., CECL, IFRS).
Key Accountabilities
  • Lead credit loss provisioning and forecasting activities across North American Retail and Business Banking portfolios, ensuring accuracy, consistency, and regulatory compliance.
  • Oversee credit loss estimation, recovery analytics, and model performance, ensuring alignment with portfolio characteristics and macroeconomic conditions.
  • Lead scenario-based loss analytics, stress testing, and forward-looking assessments to inform portfolio risk insights and financial outcomes.
  • Provide expert oversight of provisioning models, methodologies, assumptions, and controls, supporting audit, model risk, and regulatory expectations.
  • Lead integration of provisioning analytics for new portfolios and acquisitions, identifying gaps, best practices, and capacity requirements.
  • Drive standardization and consistency of provisioning approaches across Retail entities to support risk appetite measurement and management.
  • Define business requirements for provisioning analytics, reporting, and data infrastructure to enable high-quality insights and decision support.
  • Provide second-line oversight and analytical challenge related to Collections performance and outcomes.
  • Partner with Finance, Risk, and business teams to assess the credit loss impact of portfolio changes, asset movements, or operating decisions.
  • Act as a senior subject matter expert on provisioning and credit loss analytics, providing guidance and effective challenge to stakeholders.
  • Operate as a trusted advisor to senior leaders on credit loss trends, emerging risks, and portfolio performance.

Leadership & Governance
  • Lead and develop a high-performing team with diverse risk, analytics, and business expertise.
  • Foster a strong risk culture by promoting accountability, transparency, and constructive challenge.
  • Ensure activities comply with the Bank's Risk Appetite framework, internal policies, and all applicable regulatory requirements.
  • Contribute to enterprise governance through participation in relevant committees, forums, and reviews as a senior specialist resource.
  • Promote continuous improvement, automation, and simplicity in provisioning and analytics processes.

Culture & People Leadership
  • Build an inclusive, engaged, and high-performance team environment.
  • Support talent development, coaching, and succession planning.
  • Role model the Bank's values, leadership expectations, and commitment to diversity, equity, and inclusion.
  • Drive collaboration across teams and functions to achieve shared outcomes.

Qualifications
  • Typically, 9+ years of progressive experience in credit risk, provisioning, analytics, or related disciplines.
  • Post-secondary degree in a relevant field or an equivalent combination of education and experience.
  • Deep expertise in credit loss provisioning frameworks and analytics.
  • Strong analytical, problem-solving, and data-driven decision-making skills.
  • Exceptional communication and influencing skills with senior stakeholders.
  • Proven ability to operate effectively in complex, regulated environments and manage ambiguity.
  • Recognized technical leader with strong industry knowledge.

Please note the base salary range for this position is USD $210K to USD $260K
Salary:
Pay Type:
Salaried
The above represents BMO Financial Group's pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.
To find out more visit us at http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
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About BMO

Sourced by ZipRecruiter

BMO, or Bank of Montreal, is one of the biggest multinational banking and financial services corporations in North America. Developed in 1817, BMO's American headquarters are located ideally in Chicago, Illinois while its main world headquarters are situated in Montreal. The bank operates in a multitude of sectors including personal and commercial banking, wealth management and investment banking products and solutions. Over the years, BMO has been recognized for its commitment to doing what's right for its customers, employees, and society.

Industry

Banking and credit intermediation

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US

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