Top Risk Analyst Jobs in Chicago, IL

This role involves leading analytical projects to assess credit risk across various loan portfolios, developing frameworks for loan origination and loss forecasting, and collaborating with stakeholders to improve underwriting processes.

The Market Risk Analyst will model market risk, collaborate on evaluations, and provide timely measurements and analysis of risk exposures related to financial securities.

Maintain and operate credit risk models for mortgage portfolios; develop alternative credit risk strategies and algorithmic solutions; perform scenario analysis and stress testing (including macroeconomic and climate scenarios); conduct credit reviews for members; collaborate with validators, auditors and regulators; optimize processes using data management and programming tools; diagnose data anomalies and create dashboards for senior management; support MPF product design with analytics.

Support daily and ad-hoc performance measurement, attribution, and risk reporting for equity index and ETF portfolios. Monitor and remediate data and attribution anomalies, reconcile holdings vs. benchmarks, assist governance and compliance monitoring, provide analytics for portfolio reviews, and drive process improvements and automation (primarily using Python). Collaborate with portfolio managers, trading, ops, technology, and data teams.

Lead and conduct advanced risk monitoring of member firms, analyze regulatory and market developments, provide strategic recommendations, mentor junior staff, coordinate cross-functional assessments, and lead projects and technology initiatives to strengthen FINRAs risk surveillance and regulatory responses.

Evaluate merchant creditworthiness and transaction risk, monitor anomalies, manage chargebacks and disputes, conduct risk reviews for account updates and volume increases, support PCI and regulatory compliance, develop detection rules and playbooks, and collaborate cross-functionally to reduce fraud and financial exposure.

Develop and validate in-house margin models for single-name and index CDS, calibrate shocks using historical time series, prototype and test implementations, perform daily benchmarking/backtesting vs VaR and P/L, and support model documentation and Model Risk Management actions.

The Risk Analyst will model the Bank's future income, oversee income forecasts, conduct risk analysis, and collaborate with stakeholders to assess impacts on investments and hedge strategies.

Analyze credit policy, approval rates, vintage performance, and portfolio metrics to inform credit strategy. Monitor model/scorecard performance, run tradeoff and scenario analyses, support pricing/term decisions, and produce recurring portfolio reporting and dashboards. Collaborate with collections, fraud, finance, and tech on reporting, model validation, and decisioning platform improvements.

Support development and administration of global corporate insurance and risk management programs. Manage insurance renewals, multi-line claims (reporting, development, settlements), procure insurance and surety bonds, coordinate service providers, assess reserves, generate loss histories, support risk-reduction policies and audits, and assist the Director of Risk Management on strategic initiatives and special projects.

This role focuses on enterprise risk management, capital strategy, and strategic growth by partnering with actuarial and finance teams to support data-informed decisions.

Lead loss mitigation, build predictive collections models and CECL loss forecasts, design automated conversational recovery strategies, manage credit loss budgeting and vendor selection, and present findings to executive leadership.

Lead credit analytics for the Send Now Pay Later product: build and maintain credit policies, pricing models, vintage and NPV analyses, executive reporting, model integration and testing, and explore alternative data to optimize approval rates and portfolio health.

Design and own loss mitigation and loss-forecasting frameworks (CECL), build predictive collections models and automated contact strategies (WhatsApp/SMS/omnichannel), align with Operations for recovery execution, manage credit loss budgeting and capacity planning, and lead vendor evaluation and onboarding to maximize recovery ROI.

Lead loss mitigation, forecasting, and collections strategy for consumer lending. Build predictive collections models and CECL-based loss forecasts, align conversational operations, manage credit loss budgeting and vendor procurement, and present results to executive stakeholders.

Lead credit analytics for the Send Now Pay Later product: build and optimize valuation, vintage and NPV models; manage credit policies, portfolio monitoring, and NPL reporting; integrate and test scoring models with engineering/data science; and research alternative data to improve predictive performance.

Lead credit analytics for the Send Now Pay Later product: deliver executive portfolio health reporting, NPL trend analysis, and financial/vintage/NPV modeling. Design end-to-end credit frameworks and acquisition/customer management policies, monitor cohort performance, integrate and test ML scorecards with engineering, and evaluate alternative data sources to optimize approval rates and limit defaults.

Lead quantitative credit analytics for a Send Now Pay Later (SNPL) product: build and maintain credit policies, pricing and NPV models, vintage analysis, portfolio monitoring, model integration/testing, and alternative data evaluation to optimize approval rates and manage portfolio health.

Perform and manage QC audits to assess compliance with HUD, state, and federal requirements for reverse and conventional mortgage products. Maintain and update QC checklists, ensure findings are addressed in the LOS, communicate results, meet review timelines, assist leadership with audit process improvements, and ensure fair lending and net benefit compliance.

Supports the bank's Operational Risk Management program by performing risk assessments, identifying control gaps, monitoring internal controls and loss events, maintaining the GRC platform, drafting policies, preparing reports for management, and coordinating with business lines, ERM, IT, Compliance, and Audit.