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Vice President Market Risk Jobs in Illinois (NOW HIRING)

Wedbush

Vice President, Market Risk Manager

Chicago, IL · On-site

$125K - $200K/yr

Our Chicago office is hiring for an experienced Vice President, Market Risk Analytics Manager FICCS to join our Risk and Credit Group. The primary function of this role is to act as a Market Risk ...

Cboe Global Markets

VP, Market Development

Chicago, IL · On-site

Role Overview The Vice President, Market Development will report to the SVP, Chief Marketing Officer and is responsible for identifying, evaluating, and accelerating Cboe's next generation of growth ...

Cboe Global Markets

VP, Market Development

Chicago, IL · On-site

Role Overview The Vice President, Market Development will report to the SVP, Chief Marketing Officer and is responsible for identifying, evaluating, and accelerating Cboe's next generation of growth ...

Waterton

VP, Market Research

Chicago, IL · On-site

$185K - $225K/yr

Job Summary The VP, Market Research is responsible for researching, analyzing and providing recommendations on the overall market fundamentals driving the multi-family markets for asset management ...

Waterton

VP, Market Research

Chicago, IL

$185K - $225K/yr

Job Summary The VP, Market Research is responsible for researching, analyzing and providing recommendations on the overall market fundamentals driving the multi-family markets for asset management ...

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Showing results 1-20

All JobsVice President Market Risk JobsVice President Market Risk Jobs in Illinois

Vice President Market Risk information

See Illinois salary details

$82.9K

$171.2K

$255.8K

How much do vice president market risk jobs pay per year?

As of Aug 27, 2026, the average yearly pay for vice president market risk in Illinois is $171,203.00, according to ZipRecruiter salary data. Most workers in this role earn between $132,800.00 and $198,600.00 per year, depending on experience, location, and employer.

What does a vice president market risk do?

A Vice President of Market Risk is responsible for identifying, analyzing, and managing risks related to market movements that could impact a financial institution's portfolio. They develop risk assessment models, monitor market trends, and ensure compliance with regulatory requirements. This role often involves collaborating with trading, investment, and compliance teams to create strategies that mitigate potential losses. Additionally, they report on risk exposures to senior management and recommend actions to optimize risk-return profiles.

What are the key skills and qualifications needed to thrive as a vice president market risk?

To thrive as a Vice President of Market Risk, you need deep expertise in risk management, financial markets, quantitative analysis, and typically an advanced degree in finance, economics, or a related field. Familiarity with risk modeling tools (such as VaR, Monte Carlo simulations), programming languages (like Python, R), and regulatory systems (such as Basel III) is crucial. Strong leadership, analytical thinking, and effective communication skills help drive collaboration and clear risk reporting across teams. These abilities are essential to identify, assess, and mitigate market risks, ensuring the financial stability and regulatory compliance of the organization.

How does a vice president market risk typically collaborate with other departments within a financial institution?

A Vice President of Market Risk often works closely with trading, portfolio management, and finance teams to assess and manage the institution's exposure to market fluctuations. They regularly communicate risk assessments and recommendations to senior management and collaborate with compliance and audit teams to ensure adherence to regulatory standards. The role requires strong cross-functional coordination to implement risk mitigation strategies and to keep all stakeholders informed about emerging risks and market trends.

What is the difference between Vice President Market Risk vs Risk Manager?

AspectVice President Market RiskRisk Manager
CredentialsBachelor's/Master's in Finance, Economics, or related; CFA or FRM often preferredBachelor's/Master's in Finance, Economics, or related; CFA or FRM often preferred
Work EnvironmentStrategic, senior-level decision-making in financial institutionsOperational risk assessment and implementation at departmental level
Industry UsageCommon in banking, investment firms, and financial servicesWidespread across financial institutions, corporations, and consulting

The Vice President Market Risk typically holds a senior, strategic role focused on overseeing market risk policies and risk appetite at an organizational level. In contrast, a Risk Manager handles day-to-day risk assessments and implements risk mitigation strategies. Both roles require similar credentials but differ in scope, responsibility, and seniority within the organization.

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

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

What are popular job titles related to Vice President Market Risk jobs in Illinois?

For Vice President Market Risk jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Vice President Market Risk jobs in Illinois look for?

The top searched job categories for Vice President Market Risk jobs in Illinois are:

What cities in Illinois are hiring for Vice President Market Risk jobs?

Cities in Illinois with the most Vice President Market Risk job openings:

Vice President Market Risk jobs near you
Infographic showing various Vice President Market Risk job openings in Illinois as of August 2026, with employment types broken down into 50% Full Time, and 50% Part Time. Highlights an 100% In-person job distribution, with an average salary of $171,203 per year, or $82.3 per hour.

Vice President, Market Risk Manager

Chicago, IL

Wedbush Securities
Finance and Insurance • 501 - 1,000 employees
Learn more about Wedbush Securitiesexternal

Full-time

Re-posted 11 days ago

Job description

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Chicago office is hiring for an experienced Vice President, Market Risk Analytics Manager FICCS to join our Risk and Credit Group. The primary function of this role is to act as a Market Risk Analytics Manager focusing on futures, options on futures, FX, power products and Fixed Income. 

Responsibilities include, but are not limited to:

  • Monitor client trading across multi-asset classes and create risk monitoring reports
  • Design SQL queries and relational databases to support daily tasks and automate reports
  • Manage team that issues intraday/overnight calls and risk limit breaches to clients, while answering and investigating any inquiries or disputes
  • Calibrate risk systems and reporting for daily monitoring and management reporting packages
  • Oversee and manage Stress Testing and 1.73 liquidation reports
  • Inspect client performances by evaluating intraday/overnight profit & losses and stress tests to identify any potential dangers and present protective measures against price fluctuations of client positions
  • Perform as a backup for daily approval of outgoing wires and ACHs
  • Manage and conduct reports on various Exchange Default Management Systems
  • Perform other tasks and duties as assigned and required

  • Bachelor's Degree from an accredited university, preferably in Business Administration or other related field
  • Minimum 10+ years of experience in futures, FX, and fixed income
  • Strong knowledge and experience in Power, Energy Futures, products and exchange requirements, standards, and best practices
  • Experience with exchange margin tools and ability to produce and analyze the margin requirements for various exchange margin platforms such as CME, ICE, Nodal, etc.
  • Familiarity with options and understanding of option strategies; experience with energy products with limit setting for contracts, margin, risk and Globex credit limits
  • Background in developing and maintaining risk policies, processes, procedures, and standards
  • Execute SQL queries and apply knowledge of database infrastructure, with experience using Tableau
  • Ability to manage across multiple competing priorities and time-sensitive initiatives
  • Strong ability to work independently, delegate duties and develop team relationships
  • Excellent written and verbal communication skills

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