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Quantitative Risk Management Jobs in Chicago, IL

Geneva Trading

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

Interpret and utilize quantitative results from risk reporting efforts and communicate these effectively * Work directly with traders and senior management on escalated risk issues * Collaborate with ...

Wintrust

Officer, Model Risk Management

Rosemont, IL · On-site

... perform quantitative and qualitative tests to assess models for conceptual soundness ... Manage activities related to model governance and assist VP model risk management in creating ...

Calamos Investments

Quantitative Analyst

Naperville, IL · On-site

$110K/yr

Back test models and support risk management and product development efforts, specifically, work in ESG-related monitoring and modeling. Develop and support quantitative stock selection models.

Old Mission

Quantitative Trader (Options)

Chicago, IL

$150K - $200K/yr

Build desk tooling for pricing, risk management, and opportunity identification. * Manage a ... Work closely with other traders, quants and developers. * Leverage a sophisticated trading platform ...

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

... quantitative, and designed for the speed and complexity of energy markets. What will you be doing? Enterprise Risk Framework * Own the end-to-end risk management framework for the exchange and DCO.

ComEd

Quantitative Analyst

Oakbrook Terrace, IL · On-site

Primary Purpose The Quantitative Analyst for the Utility of the Future will design and develop proprietary simulation models to support portfolio valuation, pricing, risk management, and overall ...

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Quantitative Risk Management information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do quantitative risk management jobs pay per year?

As of May 28, 2026, the average yearly pay for quantitative risk management 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 are the key skills and qualifications needed to thrive as a Quantitative Risk Manager, and why are they important?

To thrive as a Quantitative Risk Manager, you need strong analytical skills, expertise in statistics or mathematics, and typically a degree in finance, economics, or a quantitative discipline. Familiarity with risk modeling software, programming languages like Python or R, and industry certifications such as FRM or CFA is often required. Outstanding problem-solving abilities, attention to detail, and effective communication set top professionals apart in this role. These skills are crucial for accurately assessing financial risks, making informed decisions, and communicating complex findings to stakeholders.

How does a Quantitative Risk Management professional typically collaborate with other departments within a financial institution?

Quantitative Risk Management professionals frequently work closely with departments such as trading, finance, and compliance. They provide analytical support by developing risk models and stress-testing scenarios, ensuring that trading strategies and investment decisions align with the institution's risk appetite. Regular communication with IT teams is also common, as these professionals often need to implement or improve risk measurement tools and data systems. This cross-functional collaboration is essential for maintaining a robust risk management framework and responding effectively to emerging risks.

What is quantitative risk management?

Quantitative risk management is the process of using mathematical models, statistical techniques, and data analysis to identify, measure, and manage financial risks within an organization. Professionals in this field apply quantitative methods to assess potential losses from market movements, credit events, or operational failures, and help organizations make informed decisions to mitigate these risks. This approach is widely used in banking, insurance, asset management, and other financial sectors to ensure regulatory compliance and optimize risk-adjusted returns.

What is the difference between Quantitative Risk Management vs Quantitative Analyst?

AspectQuantitative Risk ManagementQuantitative Analyst
Primary FocusAssessing and managing financial risksDeveloping models for investment strategies
CertificationsFRM, PRMCFA, CQF
Work EnvironmentFinancial institutions, risk departmentsInvestment banks, asset management firms
Key SkillsRisk modeling, regulatory knowledgeStatistical analysis, programming

Quantitative Risk Management focuses on identifying and mitigating financial risks within organizations, often requiring risk-specific certifications like FRM. In contrast, Quantitative Analysts develop models to support trading and investment decisions, emphasizing statistical and programming skills. Both roles are vital in finance but serve different strategic purposes.

What are popular job titles related to Quantitative Risk Management jobs in Chicago, IL? For Quantitative Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Management jobs in Chicago, IL look for? The top searched job categories for Quantitative Risk Management jobs in Chicago, IL are:
Quantitative Risk Management jobs near you
Infographic showing various Quantitative Risk Management job openings in Chicago, IL as of May 2026, with employment types broken down into 3% As Needed, 75% Full Time, 9% Part Time, 1% Temporary, and 12% Contract. Highlights an 40% Physical, 5% Hybrid, and 55% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.
Senior Manager - Digital Risk (Remote)

Senior Manager - Digital Risk (Remote)

United Airlines, Inc.

Chicago, IL • On-site, Remote

Full-time

Retirement

Posted 5 days ago

United Airlines rating

7.8

Company rating: 7.8 out of 10

Based on 330 frontline employees who took The Breakroom Quiz

9th of 26 rated airlines

Job description

Description
Connecting People. Uniting the World. There's never been a more exciting time to join United Airlines! As a global company that operates in hundreds of locations around the world - with millions of customers and tens of thousands of employees - we have a unique responsibility to uplift and provide opportunities in the places where we work, live and fly.
We're on a path to becoming the best airline in aviation history. Join our Cybersecurity and Digital Risk (CDR) team to help lead the industry in cyber safety, security and resilience. United's CDR team plays a critical role in protecting our operations by enabling secure and resilient systems, managing threats and vulnerabilities, and ensuring swift response and recovery. Our mission is to seamlessly embed cybersecurity and digital risk management into every aspect of our business. We help drive progress and growth through trusted digital solutions, safeguarding assets and empowering our team, all while promoting a cyber-safe and secure environment that supports resilient airline operations.
United offers a competitive benefits package aimed at keeping you happy, healthy, and well-traveled. From employee-run "Business Resource Group" communities to world-class benefits like parental leave, 401(k), and privileges like space-available travel, United is truly a one-of-a-kind place to work. Are you ready to travel the world and help us keep our airline cyber safe? Apply today!
Job overview and responsibilities
The Senior Manager, Digital Risk supports the Director of Digital Risk & Resiliency in executing the airline's cyber risk management program. This role is responsible for building up the risk management program, conducting enterprise-wide risk assessments, maintaining risk documentation, and tracking risk treatment activities across the digital enterprise. The Senior Manager partners with cross-functional teams to identify, analyze, and prioritize cyber risks while producing actionable insights for leadership decision-making. This position requires strong analytical skills, expertise in risk methodologies, and the ability to translate technical vulnerabilities into business-focused risk narratives.
  • Lead and mentor a team of risk analysts by setting clear goals, and providing coaching and feedback that strengthens the teams' technical capabilities and enables professional growth
  • Develop and maintain the enterprise cyber risk register, risk and controls matrix, and risk treatment processes to ensure accurate documentation of risk ownership, mitigation strategies, and remediation tracking, while producing risk reports, dashboards, and metrics that provide leadership with actionable insights into the organization's cyber risk posture
  • Develop and conduct enterprise cyber risk assessments for the digital enterprise to identify, analyze, and prioritize cybersecurity risks and translate results into clear business impact and organizational actions
  • Lead organization-wide GRC initiatives in partnership with risk management, digital technology, operations and cybersecurity teams
  • Partner with business units during solutions onboarding to ensure adequate controls are in place and enabled
  • Drive continuous improvement of the cyber risk management program by establishing repeatable processes and leveraging automation and AI-enabled analytics to enhance risk identification, prioritization, and team effectiveness

Qualifications
What's needed to succeed (Minimum Qualifications):
  • Bachelor's degree required
  • 5+ years of related experience, including managing a team at various levels of skill, experience, and education
  • Experience in building out a cybersecurity risk management program, with prior experience in the governance, risk and compliance (GRC) space within information security
  • Strong understanding of risk assessment methodologies including qualitative and quantitative risk analysis techniques
  • Experience maintaining enterprise risk registers and producing executive-level risk reports and dashboards
  • Proficiency in translating technical security findings into business risk language for non-technical stakeholders
  • Comfortable leading change management
  • Must be legally authorized to work in the United States for any employer without sponsorship
  • Successful completion of interview required to meet job qualification
  • Reliable, punctual attendance is an essential function of the position

What will help you propel from the pack (Preferred Qualifications):
  • Master's degree in Cybersecurity, Engineering, Public Policy, Information Technology, or related field experience
  • Certifications like CISA, CIPT, CRISC, CISSP, CISM
  • 7+ years of related experience
  • Experience with GRC/IRM platforms (e.g., ServiceNow GRC) for risk workflow automation and reporting
  • Familiarity with compliance frameworks including NIST CSF, ISO 27001/27002, SOC 2, PCI DSS, or TSA cybersecurity directives
  • Experience in aviation, transportation, or critical infrastructure industries

Posting End date: 4/25/2026

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About United Airlines

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United Airlines is embarking on an exciting journey to become the best airline in aviation history. Our purpose, "Connecting People, Uniting the World," extends beyond transportation, emphasizing our commitment to uplift and create opportunities in the places we serve. With a global presence and diverse workforce, we value inclusivity and are dedicated to hiring tens of thousands of individuals across various roles. Our comprehensive benefits package, including perks like space available travel, parental leave, and 401k, aims to support your well-being and growth.

Industry

Aviation

Company size

10,000+ Employees

Headquarters location

Chicago, IL, US

Year founded

1926

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