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Senior Risk Manager Jobs in Illinois (NOW HIRING)

IMC

Experienced Risk Manager

Chicago, IL · On-site

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on ... to senior leadership, and the ability to influence both day-to-day trading decisions and the ...

Capital One

Manager, Risk Manager

Riverwoods, IL · On-site

Strong communication and stakeholder management skills, with a proven track record of influencing senior leadership through audit findings and risk insights At this time, Capital One will not sponsor ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on ... to senior leadership, and the ability to influence both day-to-day trading decisions and the ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Build dashboards and deliver risk reporting to senior stakeholders * Provide actionable insights to ... Participate in ongoing manager monitoring Qualifications Necessary Experience and Education * 3 - 5 ...

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Senior Risk Manager information

See Illinois salary details

$21.8K

$114.6K

$203.5K

How much do senior risk manager jobs pay per year?

As of Aug 15, 2026, the average yearly pay for senior risk manager in Illinois is $114,595.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,900.00 and $140,500.00 per year, depending on experience, location, and employer.

Is a senior risk manager a stressful job?

A senior risk manager role involves identifying and mitigating financial or operational risks, which can be stressful due to high responsibility and the need for accuracy. The job often requires strong analytical skills, attention to detail, and the ability to handle pressure during critical decision-making processes.

How much do senior risk managers make in the US?

Senior risk managers in the US typically earn a median annual salary of around $120,000 to $150,000, with experienced professionals and those in high-demand industries earning higher. Compensation can vary based on location, industry, and level of experience, and often includes bonuses and benefits. Strong analytical skills and certifications like FRM or CRM can enhance earning potential.

What does a typical day look like for a senior risk manager?

A Senior Risk Manager’s day often includes analyzing complex data to assess potential financial, operational, or strategic risks and developing mitigation strategies accordingly. You’ll regularly collaborate with business leaders across departments, provide expert advice during project planning, and prepare detailed risk reports for executive management or compliance committees. Additionally, you may oversee junior risk team members, guide audit processes, and participate in risk review meetings. This role offers dynamic daily challenges that require both independent analysis and team-oriented communication, making it ideal for those who enjoy both strategic thinking and hands-on collaboration.

What does a senior risk manager do?

A Senior Risk Manager identifies, assesses, and mitigates potential risks that could impact an organization's financial health, operations, or reputation. They develop risk management strategies, ensure compliance with industry regulations, and collaborate with various departments to implement risk controls. Additionally, they analyze market trends and internal processes to proactively address potential threats. Their goal is to minimize risk exposure while supporting business objectives and long-term sustainability.

What are the key skills and qualifications needed to thrive as a senior risk manager?

To excel as a Senior Risk Manager, you need strong analytical capabilities, a deep understanding of risk assessment methodologies, and a relevant degree such as finance, economics, or business administration. Familiarity with risk modeling software, governance frameworks (like COSO or ISO 31000), and industry certifications such as FRM or CRM are highly valued. Exceptional communication, leadership, and decision-making skills help distinguish top performers in this role. These abilities are essential for effectively identifying, evaluating, and mitigating potential risks while supporting organizational objectives.

What are popular job titles related to Senior Risk Manager jobs in Illinois?

For Senior Risk Manager jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Senior Risk Manager jobs in Illinois look for?

The top searched job categories for Senior Risk Manager jobs in Illinois are:

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

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

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Senior Risk Manager jobs near you
Infographic showing various Senior Risk Manager job openings in Illinois as of August 2026, with employment types broken down into 95% Full Time, and 5% Part Time. Highlights an 90% In-person, 5% Hybrid, and 5% Remote job distribution, with an average salary of $114,595 per year, or $55.1 per hour.

Experienced Risk Manager

IMC

Chicago, IL • On-site

Full-time

Posted 14 days ago

Job description

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on Delta One business. Risk at IMC is deeply integrated with trading-we don't operate as a separate control function. Instead, we work sideby-side with traders and technology teams to understand risk, challenge assumptions, and help build the frameworks that support better trading decisions. Our team has a broad mandate across market, credit, capital, and operational risk. Rather than assigning rigid responsibilities, we encourage people to contribute wherever they can have the greatest impact. You'll collaborate daily with traders, quantitative researchers, and software engineers while helping shape the firm's approach to risk across existing and emerging trading strategies. This is an opportunity to join a highly collaborative team with significant visibility across the business, direct exposure to senior leadership, and the ability to influence both day-to-day trading decisions and the long-term evolution of IMC's risk framework. 
 
 
Your Core Responsibilities: 

  • Partner closely with traders to identify, monitor, and manage risk across a wide range of trading strategies 

  • Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios

  • Develop and enhance risk methodologies for products including equities, ETFs, futures, and other exchange-traded instruments 

  • Analyze concentration risk, tail-event scenarios, and other portfolio-level exposures to improve risk visibility and decision-making 

  • Build and enhance quantitative risk tools, reporting, and monitoring frameworks using Python 

  • Partner with software engineering teams to improve risk infrastructure and automate risk workflows 

  • Work closely with traders to evaluate new strategies, products, and markets while ensuring appropriate risk controls are in place

  • Challenge existing processes and propose new frameworks that improve how IMC understands and manages risk

      

Your Skills and Experience: 

  • 5+ years of experience in financial risk management, quantitative risk, or a related front-office risk function

  • Experience supporting exchange-traded products such as equities, ETFs, futures, or other linear products

  • Familiarity with Delta One trading strategies

  • Strong analytical and quantitative problem-solving skills  

  • Proficiency in Python for data analysis, risk analytics, or automation 

  • Working knowledge of SQL is preferred

  • Ability to communicate complex quantitative concepts to traders, engineers, and business stakeholders

  • Comfortable working in a highly collaborative, fast-paced environment with significant ownership and autonomy

  • FINRA SIE and Series 57, or willingness to obtain them after joining IMC

 
Please note that immigration sponsorship is not offered for this specific opening.
 

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