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

Clinical Risk Manager

Schaumburg, IL · Hybrid

$84K - $140K/yr

A background in a Clinical Risk Management position is encouraged but will consider qualified ... If you are an experienced professional returning to the workforce after a career break, we ...

Lead Risk Specialist

Chicago, IL · On-site

$101K/yr

We are seeking highly motivated Risk Management professionals who blend sharp organizational prowess, project management acumen, and exceptional communication skills. In this role, you will enjoy ...

Lead Risk Specialist

Riverwoods, IL · On-site

$102K/yr

We are seeking highly motivated Risk Management professionals who blend sharp organizational prowess, project management acumen, and exceptional communication skills. In this role, you will enjoy ...

Lead Risk Specialist

Chicago, IL · On-site

$101K/yr

We are seeking highly motivated Risk Management professionals who blend sharp organizational prowess, project management acumen, and exceptional communication skills. In this role, you will enjoy ...

Cyber Insider Risk Manager

Chicago, IL

$114K - $154K/yr

... management of the associated business and cyber risks ... Our professionals provide advisory and implementation services that integrate risk, regulatory, and ...

We are the leading provider of professional services to the middle market globally, our purpose is ... Manage a diverse portfolio of client work, ensuring profitability and risk management * Mentor ...

Showing results 41-60

Professional Risk Manager information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do professional risk manager jobs pay per year?

As of Sep 5, 2026, the average yearly pay for professional 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.

How does a professional risk manager typically collaborate with other departments within an organization?

Professional Risk Managers work closely with teams across the organization, including finance, operations, compliance, and executive leadership. They facilitate communication to identify, assess, and prioritize potential risks, ensuring that all business units understand and adhere to risk mitigation strategies. Regular meetings and cross-functional projects are common, fostering a collaborative environment where risk insights inform decision-making. This collaborative approach helps to create a proactive risk culture and supports the organization’s overall objectives.

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

To thrive as a Professional Risk Manager, you need a strong background in risk assessment, financial analysis, and regulatory compliance, often supported by a degree in finance or a related field and certifications like PRM or FRM. Proficiency with risk management software, quantitative modeling tools, and enterprise risk management (ERM) systems is typically required. Outstanding analytical thinking, attention to detail, and effective communication skills set successful risk managers apart. These skills and qualifications are crucial for accurately identifying, assessing, and mitigating risks that could impact an organization's objectives and stability.

What is the difference between Professional Risk Manager vs Risk Analyst?

AspectProfessional Risk ManagerRisk Analyst
CertificationsFRM, PRMCFA, FRM (optional)
Work EnvironmentStrategic, managerial, decision-making roles in finance, insurance, or corporate sectorsData analysis, risk assessment, reporting in finance or banking
Employer & Industry UsageFinancial institutions, corporations, consulting firmsBanks, investment firms, insurance companies

The Professional Risk Manager typically holds strategic responsibilities, focusing on risk policies and mitigation strategies, often requiring certifications like FRM or PRM. Risk Analysts primarily perform data-driven risk assessments and reporting. While both roles work within the risk management field, the Professional Risk Manager has a broader scope involving decision-making and policy development, whereas Risk Analysts focus on analyzing data to inform those decisions.

What does a professional risk manager do?

A professional risk manager identifies, assesses, and prioritizes potential risks that could impact an organization’s operations, finances, or reputation. They develop strategies to mitigate or manage these risks, often using tools like risk assessment frameworks and data analysis, and may hold certifications such as FRM or PRM. Their work involves continuous monitoring and reporting to ensure organizational resilience against various threats.

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

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

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

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

Infographic showing various Professional Risk Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 87% Physical, 2% Hybrid, and 11% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

Risk Manager, Quantitative (United States)

Crypto.com

Chicago, IL • Remote

$100K - $230K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago

New


Job description

We are looking for a quantitative Risk Manager to join our global exchange team, with a primary focus on the models: you will own the design, calibration, and validation of the margin, pricing, and liquidation frameworks that our FCM and clearing businesses run on. Alongside that, you will take part in the daily risk monitoring, escalation, and reporting that the whole team carries. You will be contributing to the building of a fast-growth trading platform with innovative, multi-asset products bridging traditional finance (TradFi) and digital markets. For all roles, we look for people who are passionate about financial market innovation, equipped with energy, act as owners, and have exemplary work ethics.


Responsibilities
  • Own margin methodology across the group, including SPAN, VaR, and portfolio-margining approaches, and benchmark our models against those used by the clearing houses and exchanges we face. 
  • Develop, implement, and validate derivatives pricing models for new and existing products across various asset classes (e.g., equities, commodities, futures, perpetuals, options).
  • Backtest margin coverage and document model performance, assumptions, and limitations to a standard that withstands regulatory and audit review.
  • Build and maintain the data pipelines and automated reporting behind the risk models, working in SQL, Python, and relational databases.
  • Monitor and analyze real-time and historical portfolio risk, including exposure, leverage, margin utilization, concentration, and liquidation.
  • Design optimal automated liquidation logic and algorithms to balance market risk with market impact during extreme volatility.
  • Perform scenario analysis and stress testing across a range of market conditions.
  • Provide risk input into product onboarding, listing reviews, and regular risk parameter reviews: haircuts, margin levels, liquidation thresholds, index pricing, funding rates, and position limits.
  • Analyze market microstructure on multi-asset derivative markets, periodically review and calibrate risk models according to evolving market conditions.
  • Support the build and maintenance of internal risk dashboards and analytical tools.
Requirements
  • 5+ years of relevant working experience in quantitative research, risk management, trading, or a related field. Exposure to daily risk operations is expected alongside the modelling work; regulator-facing experience is welcome but not required.
  • Master or PhD in a quantitative discipline (e.g., math, physics, statistics, engineering, computer science, financial engineering, quantitative finance, etc.).
  • Proficient in Python and SQL or noSQL data structures, data models, and database management.
  • Strong understanding of derivatives pricing theory across traditional and digital asset classes.
  • Deep understanding of Order Book Dynamics (L1-L3 data) and Cross/Portfolio-Margining methodologies (e.g., offsetting spot against futures).
  • Deep knowledge of equities, commodity products, macro assets, and ongoing developments in these spaces; thoroughly familiar with futures, perpetuals, or other derivative types.
  • Direct trading experience (personal or professional) is highly ideal, with a deep familiarity with margin concepts and liquidation mechanisms.
  • Experience at a broker-dealer, exchange, or clearing organization, with familiarity on how brokers and CCPs operate is a strong plus.
  • Think critically and strive for continuous improvement.
Life @ Crypto.com
Empowered to think big. Try new opportunities while working with a talented, ambitious and supportive team.
Transformational and proactive working environment. Empower employees to find thoughtful and innovative solutions.
Growth from within. We help to develop new skill-sets that would impact the shaping of your personal and professional growth.
Work Culture. Our colleagues are some of the best in the industry; we are all here to help and support one another.
One cohesive team. Engage stakeholders to achieve our ultimate goal - Cryptocurrency in every wallet. 
Work Flexibility Adoption. Flexi-work hour and hybrid set-up
Aspire career alternatives through us - our internal mobility program offers employees a new scope.  
 
Are you ready to kickstart your future with us? 
 
Benefits
Competitive salary
Attractive annual leave entitlement including: birthday, work anniversary
401(k) plan with employer match
Eligible for company-sponsored group health, dental, vision, and life/disability insurance
Work Flexibility Adoption. Flexi-work hour and hybrid set-up
Aspire career alternatives through us. Our internal mobility program can offer employees a diverse scope.  
 
Our Crypto.com benefits packages vary depending on region requirements, you can learn more from our talent acquisition team.
 
 
About Crypto.com:
Founded in 2016, Crypto.com serves more than 150 million customers and is the world's fastest growing global cryptocurrency platform. Our vision is simple: Cryptocurrency in Every Wallet™. Built on a foundation of security, privacy, and compliance, Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.
 
Learn more at https://crypto.com. 
 
Crypto.com is an equal opportunities employer and we are committed to creating an environment where opportunities are presented to everyone in a fair and transparent way. Crypto.com values diversity and inclusion, seeking candidates with a variety of backgrounds, perspectives, and skills that complement and strengthen our team.
 
Personal data provided by applicants will be used for recruitment purposes only.
 
Please note that only shortlisted candidates will be contacted.

We may use artificial intelligence tools to analyze the content of your Resume/CV against the specific requirements for the position. The purpose is to support our recruitment team in reviewing applications more effectively. These tools assist our recruitment team in their evaluation of your application by providing recommendations, but they do not replace human judgment. Final hiring decisions are ultimately made by humans who consider the insights generated by the tools along with other relevant information. If you would like more details about how your personal information is processed, please contact us.