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Risk Control Manager Jobs in Illinois (NOW HIRING)

Bank of America

Business Control Manager

Chicago, IL · On-site

Leads the assessment of the design and effectiveness of the risk and control environment to support ... Manages the performance and productivity of team members that conduct quality inspection reviews

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How much do risk control manager jobs pay per hour?

As of Aug 29, 2026, the average hourly pay for risk control manager in Illinois is $58.89, according to ZipRecruiter salary data. Most workers in this role earn between $45.19 and $73.85 per hour, depending on experience, location, and employer.

What does a Risk Control Manager do?

A Risk Control Manager is responsible for identifying, assessing, and mitigating risks that could negatively impact an organization's operations, assets, or reputation. They develop and implement risk management policies, conduct audits, and work closely with various departments to ensure compliance and safety. Their role also includes training staff on risk prevention and preparing reports for senior management. Effective risk control helps prevent losses, legal issues, and enhances the overall resilience of the organization.

What are the key skills and qualifications needed to thrive as a Risk Control Manager?

To thrive as a Risk Control Manager, you need a solid background in risk assessment, loss prevention, and regulatory compliance, often supported by a degree in risk management, business, or a related field. Familiarity with risk management information systems (RMIS), data analysis tools, and certifications such as ARM (Associate in Risk Management) are commonly required. Strong analytical thinking, communication, and leadership skills help you effectively identify risks, collaborate with stakeholders, and implement mitigation strategies. These skills and qualifications are crucial for minimizing organizational losses, ensuring regulatory compliance, and supporting informed decision-making.

How does a Risk Control Manager typically collaborate with other departments to identify and mitigate risks?

A Risk Control Manager works closely with departments such as operations, finance, compliance, and IT to proactively identify potential risks and develop mitigation strategies. This collaboration often involves conducting risk assessments, sharing insights from incident reports, and leading cross-functional meetings to ensure everyone is aligned on risk management protocols. Effective communication and relationship-building are key, as the Risk Control Manager must ensure that risk controls are practical and integrated into daily workflows. By fostering a culture of transparency, they help departments understand their roles in maintaining organizational safety and compliance.

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

AspectRisk Control ManagerRisk Analyst
CredentialsCertifications like CRM, ARM, or CPCU often preferredCertifications such as FRM or CRM may be beneficial
Work EnvironmentOversees risk management strategies, collaborates with departmentsAnalyzes data, assesses risks, prepares reports
Industry UsageCommon in insurance, finance, and corporate sectorsWidely used in finance, insurance, and consulting firms

While both roles focus on risk, the Risk Control Manager develops and implements risk mitigation strategies, whereas the Risk Analyst primarily assesses and analyzes risks through data. The manager has a broader strategic role, often supervising teams, while the analyst concentrates on detailed risk evaluation.

Do risk control managers make good money?

Risk control managers typically earn a competitive salary that varies based on experience, industry, and location. They often hold certifications such as CRM or ARM and work in industries like insurance, manufacturing, or finance, with salaries ranging from moderate to high depending on their level of responsibility and expertise.

What are the most commonly searched types of Risk Control jobs in Illinois?

The most popular types of Risk Control jobs in Illinois are:

What cities in Illinois are hiring for Risk Control Manager jobs?

Cities in Illinois with the most Risk Control Manager job openings:

Risk Control Manager jobs near you
Infographic showing various Risk Control Manager job openings in Illinois as of August 2026, with employment types broken down into 82% Full Time, 17% Part Time, and 1% Contract. Highlights an 79% Physical, 3% Hybrid, and 18% Remote job distribution, with an average salary of $122,482 per year, or $58.9 per hour.

Control Manager - Senior Associate

Chicago, IL • On-site

JPMorgan Chase & Co
Finance and Insurance • 10K+ employees

8.0

Company rating: 8.0 out of 10

Based on 497 frontline employees who took The Breakroom Quiz

72nd of 173 rated banks

People enjoy working here

Good employer

Recommended by students

Learn more about JPMorgan Chase & Coexternal

Full-time

Medical, Retirement

Re-posted 8 days ago

Job description

Join a global Wholesale Lending Services team that supports lending products end-to-end across multiple lines of business. You'll help shape a proactive risk and control culture by turning program data into clear insights, strengthening governance, and enabling leaders to make confident, timely decisions.

As a Control Management CORE Governance & Reporting Lead in Wholesale Lending Services, you will support the governance, reporting, and continuous improvement of the Control & Operational Risk Evaluation (CORE) program. You'll partner with stakeholders across the organization to ensure data quality, align to firm expectations, and deliver executive-ready insights that help prevent, detect, and monitor operational, regulatory, and reputational risks.

Job Responsibilities

  • Oversee CORE governance for Wholesale Lending Services, ensuring alignment to firmwide expectations and strategic initiatives
  • Coordinate collection, aggregation, reporting, and analysis of CORE program data
  • Review and interpret program-related data to identify themes, trends, and actionable insights
  • Identify process improvement opportunities and drive efficiencies through clear feedback and practical solutions
  • Develop high-quality presentations and materials for management and stakeholder forums
  • Serve as a CORE subject matter expert and primary point of contact for the Wholesale Lending Services controls community
  • Promote a proactive risk and control culture supported by consistent evaluation practices and effective change management
  • Support program strategy execution, including data quality controls and adherence to applicable service-level expectations
  • Prepare data and analysis to support executive-level annual assessment activities
  • Adapt quickly to a changing environment by assessing impacts, prioritizing work, and responding effectively to new needs
     

Required Qualifications, Capabilities, and Skills

  • Bachelor's degree or equivalent practical experience
  • Experience in financial services, with exposure to controls, audit, quality assurance, operational risk management, or compliance
  • Proficiency with Microsoft Office (Word, Excel, PowerPoint, and Visio)
  • Strong analytical and critical-thinking skills, with high attention to detail and ability to synthesize large datasets
  • Excellent written and verbal communication skills, including the ability to influence senior stakeholders
  • Demonstrated ability to build partnerships and collaborate effectively across teams
  • Ability to manage competing priorities in a fast-paced, results-driven environment
     

Preferred Qualifications, Capabilities, and Skills

  • Experience using the Control & Operational Risk Evaluation (CORE) system
  • Strong networking, relationship-building, and stakeholder management skills

**To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).**

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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