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

Old National Bank

IST Risk Manager

Chicago, IL · On-site

$199K/yr

The Information Security & Technology Risk Manager supports and executes second line of defense (2LOD) governance, oversight, and independent challenge across information security and technology risk ...

Early Warning Services

IT Risk Manager

Chicago, IL · Hybrid

Overview The Manager, Risk Management is responsible for the building and coordination of a centralized first-line of defense (LOD1) risk and internal control program efforts for Early Warning ...

Capital One

Manager, Risk Advisor

Riverwoods, IL · On-site

Manager, Risk Advisor Do you want to be part of an organization that's dedicated to helping Capital ... You will lead audit and exam requests for the Risk Tech and Product teams by partnering with ...

Wintrust

Senior IT Risk Analyst

Rosemont, IL · On-site

$98K - $110K/yr

Wintrust provides community and commercial banking, specialty finance and wealth management ... Position Overview The Senior IT Risk Analyst (Audit concentration) role supports IT Risk Leadership ...

Wintrust

Senior IT Risk Analyst

Rosemont, IL · Hybrid

$98K - $110K/yr

Wintrust provides community and commercial banking, specialty finance and wealth management ... Position Overview The Senior IT Risk Analyst (Audit concentration) role supports IT Risk Leadership ...

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All JobsTechnology Risk JobsTechnology Risk Manager JobsTechnology Risk Manager Jobs in Chicago, IL

Technology Risk Manager information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do technology risk manager jobs pay per year?

As of Jul 30, 2026, the average yearly pay for technology 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.

What is the difference between Technology Risk Manager vs Cybersecurity Analyst?

AspectTechnology Risk ManagerCybersecurity Analyst
CertificationsCRISC, CISSP, CISACISSP, CEH, Security+
Work EnvironmentRisk assessment, policy development, complianceMonitoring security threats, incident response, vulnerability analysis
Industry UsageFinancial, healthcare, technology firmsIT security teams, government agencies, corporations

The Technology Risk Manager focuses on identifying and mitigating overall technology risks and ensuring compliance, while the Cybersecurity Analyst concentrates on protecting systems from security threats and responding to incidents. Both roles require similar certifications and often work within the same industries, but their core responsibilities differ in scope and focus.

What are some common challenges Technology Risk Managers face when working across different departments?

Technology Risk Managers often encounter challenges in aligning risk management strategies with the priorities of various business units. Departments may have differing levels of risk tolerance, technical understanding, and resource availability, which can make establishing consistent policies and controls difficult. Success in the role relies on strong communication and negotiation skills, as well as the ability to educate stakeholders about the importance of risk mitigation while balancing business objectives. Building collaborative relationships and maintaining flexibility are key to overcoming these cross-departmental challenges.

What are the key skills and qualifications needed to thrive as a Technology Risk Manager, and why are they important?

To thrive as a Technology Risk Manager, you need expertise in risk assessment, cybersecurity principles, and regulatory compliance, often supported by a degree in information security or related fields. Familiarity with risk management frameworks (such as NIST or ISO 27001), GRC (governance, risk, and compliance) tools, and certifications like CISM or CISSP are typically required. Strong analytical thinking, communication, and stakeholder management skills help you translate technical risks into business terms and coordinate mitigation efforts. These abilities are critical to proactively identifying threats and ensuring organizational resilience against evolving technology risks.

What are Technology Risk Managers?

Technology Risk Managers are professionals responsible for identifying, assessing, and mitigating risks associated with information technology systems and processes within an organization. They ensure that IT operations comply with regulations and best practices while safeguarding data and technology assets from threats such as cyberattacks, data breaches, and system failures. Their work involves developing risk management strategies, conducting risk assessments, and collaborating with other departments to ensure the organization's technology infrastructure is secure and resilient.
What cities near Chicago, IL are hiring for Technology Risk Manager jobs? Cities near Chicago, IL with the most Technology Risk Manager job openings:
Technology Risk Manager jobs near you
Infographic showing various Technology Risk Manager job openings in Chicago, IL as of July 2026, with employment types broken down into 86% Full Time, 13% Part Time, and 1% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

IST Risk Manager

Old National Bank

Chicago, IL • On-site

$199K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 3 days ago

Old National Bank rating

8.0

Company rating: 8.0 out of 10

Based on 38 frontline employees who took The Breakroom Quiz

70th of 170 rated banks

Job description

Overview
Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.
Responsibilities
Salary Range
The salary range for this position is $98,400/yr - $199,000/yr plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.
The Information Security & Technology Risk Manager supports and executes second line of defense (2LOD) governance, oversight, and independent challenge across information security and technology risk at Old National Bancorp. Reporting to the Director of Information Security & Technology Risk, this role is responsible for establishing and maintaining the enterprise information security and technology risk framework, including policies, standards, and monitoring practices, to ensure alignment with Board-approved risk appetite and regulatory expectations.
This role supports the execution and continuous enhancement of the Information Security and Technology Risk Management Program, helping to safeguard the confidentiality, integrity, and availability of customer, employee, and business information in accordance with ONB policies and applicable regulatory requirements. The Manager serves as a consultative partner to both the first and second lines of defense, providing risk advisory and interpretation of regulatory expectations to business units and leadership.
Additionally, this role provides independent oversight of first-line technology and information security activities, leveraging strong analytical expertise and sound risk judgment to assess, challenge, and strengthen risk management practices and control effectiveness. Key responsibilities include overseeing governance, risk, and compliance (GRC) activities, leading independent testing and validation, and managing corporate security awareness initiatives.
Key Accountabilities
The Information Security and Technology Risk Manager and the second line team are directly responsible for enterprise oversight of Information Security and Technology Risk Management including but not limited to:
Governance, Risk & Compliance (GRC) - Information Security and Technology Risk Management Framework Ownership
  • Support the development, enhancement, and ongoing maintenance of the enterprise Information Security & Technology Risk Management (ISTRM) framework, including programs, policies, standards, guidelines, and procedures to ensure alignment with regulatory and industry expectations.
  • Contribute to the maintenance of technology and cyber risk taxonomy, risk appetite alignment, and key risk indicators (KRIs), supporting consistent risk measurement, monitoring, and reporting to management and Board committees.
  • Provide independent challenge and advisory support to first line risk offices and technology leadership on risk identification, control effectiveness, and remediation prioritization, while partnering with stakeholders to ensure timely issue identification and resolution.
  • Oversee adherence to information security and technology risk policies, programs, and standards, including monitoring control effectiveness and supporting continuous improvement of governance, risk analysis, and oversight practices.
  • Support the implementation of information security and technology risk governance, monitoring, and risk management activities, including security awareness initiatives, to promote a strong control environment and risk-aware culture.
  • Apply risk management practices to safeguard sensitive data and support compliance with applicable legal, regulatory, and industry requirements across information assets and technology systems.

Risk Identification, Assessment, Monitoring & Reporting (2LOD)
  • Execute and oversee second line monitoring and review activities using a risk-based approach, including validation of control design and operating effectiveness performed by first line teams.
  • Maintain and support governance of risk registers, issue inventories, and exception tracking within the enterprise GRC platform; ensure appropriate documentation, escalation, and reporting cadence.
  • Develop and deliver clear, concise risk reporting for management and risk committees, including trends, material findings, and aging issues/exceptions.

Independent Testing & Validation (Assurance within 2LOD)
  • Establish and execute an annual independent testing and validation plan across information security and technology risk domains, informed by risk assessments, regulatory expectations, and audit/exam feedback.
  • Perform independent validation of remediation for material issues and control deficiencies; confirm evidence sufficiency and recommend formal closure or escalation where gaps remain.
  • Coordinate with Internal Audit (3LOD) and external examiners to align testing scopes, reduce duplication, and ensure timely resolution of findings.

Security Training, Awareness & Culture
  • Manage and enhance enterprise security training and awareness activities, including administration of required training and tracking of completion metrics.
  • Monitor alignment of enterprise training and awareness efforts with regulatory expectations and evolving threat landscape; report on participation and identified gaps.
  • Partner with HR, Compliance, and business units to promote a consistent and risk-aware culture across the organization.

Regulatory, Audit & Committee Engagement
  • Support regulatory examinations and audits related to information security, technology risk, and resilience by providing documentation, evidence, and responses as needed.
  • Contribute to preparation of management and committee reporting materials, including risk posture updates and tracking of action items.
  • Collaborate with Technology, Information Security (1LOD), ERM, Compliance, TPRM, and Legal to support practical and effective governance and risk management practices.

Key Competencies for Position
People Leadership:
  • Coach & Empower Others: Provides timely feedback, support, and guidance to encourage and support associates to accomplish tasks, solve problems, and enhance their professional development.
  • Lead Change: Leads change efforts, engaging team members who are resistant to change to gain their support and commitment, helps associates understand why the change is occurring, continuously sharing information, and assessing the adoption of the change.

Culture Leadership:
  • Culture & Values Leadership: Demonstrates Old National's culture in daily interactions and encourages associates to live by our culture and core values.

Execution Leadership:
  • Drive and Execution: Establishes clear objectives, metrics, and governance cadence; delivers risk oversight commitments with rigor and follow-through.
  • Collaboration: Builds trusted partnerships across Risk, Technology, Security, Compliance, and the business to drive consistent risk outcomes.
  • Risk Leadership / Independent Challenge: Demonstrates credibility and judgment to challenge first line decisions, validate evidence, and escalate material risks appropriately.
  • Communication: Communicates complex risk and control topics clearly to executive management and governance committees; ensures timely escalation and stakeholder alignment.
  • Analytical Problem Solving: Synthesizes qualitative and quantitative risk data to identify themes, prioritize actions, and recommend pragmatic risk responses.

Qualifications and Education Requirements
  • Bachelor degree in Information Technology, Cybersecurity, Risk Management, Audit, or related field (advanced degree preferred).
  • 10+ years relevant experience across information security, technology risk, governance, risk, and compliance (GRC), or related disciplines in a highly regulated industry, with a minimum of 3 years managing teams.
  • 3+ years of management experience.
  • Demonstrated experience aligning security and technology risk governance to recognized frameworks (e.g., NIST, ISO 27001) and banking regulatory expectations.
  • Experience establishing risk monitoring, independent testing/validation, and issue/exception governance processes with strong evidence discipline.
  • Strong communication skills; experience presenting risk posture, trends, and recommendations to management committees.
  • Proven ability to partner effectively across all levels of the organization and develop positive working relationships.
  • Strong presence with internal partners and external constituents, as necessary
  • Thorough understanding of auditing/examination techniques. Knowledge of applicable state and federal banking laws and regulations and of bank services, policies, and procedures.
  • Demonstrates conceptual thinking and analytical skills. Advanced problem-solving skills with the ability to define problems, analyze variables and propose solutions.
  • Strong leadership skills with supervisory experience, strong interpersonal skills and knowledgeable risk management professional.

Preferred certifications:
  • CISSP, CISM, CISA, CRISC, or equivalent.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.
Our culture is firmly rooted in our core values.
We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.
We are Old National Bank. Join our team!

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