Top Risk Management Jobs in Chicago, IL

Lead operational and compliance risk activities: maintain risk/control libraries, perform design reviews and testing, create monitoring and reporting, train business partners, and implement control improvements and workflow solutions across payments and operations.

Partner with business lines to identify, assess, and mitigate enterprise and operational risks. Provide risk consulting, develop stakeholder relationships, document reporting requirements, align processes to Capital One frameworks, draft policies and procedures, build tools and presentations, and collaborate with Risk, Compliance, IT, Internal Audit, and Regulator Relations to implement risk controls.

Serve as a front-line risk consultant partnering with business units to identify, document, and mitigate operational and enterprise risks. Develop policies, reports, tools, and presentations; manage stakeholder relationships and cross-functional projects; align processes with Capital One frameworks and regulatory requirements.

Lead Circle's global fraud risk program by defining strategy, frameworks, controls, and analytics. Oversee investigations, regulatory reporting, detection systems, KPIs, and cross-functional embedding of fraud risk management across products and jurisdictions.

Serve in the Model Risk Office to execute controls, perform compliance testing on models, interpret and steward model policy, report findings to leadership, and identify process improvements to ensure model governance and regulatory compliance.

The Principal Risk Manager performs compliance and operational risk activities, educating the business, monitoring controls, identifying improvements, and leading process implementations.

Lead execution of a multi-year risk and control transformation for Card Partnerships. Manage a team of Risk Managers, coordinate cross-functional control activities, drive prioritization and reporting, engage senior stakeholders, partner with Product and Tech to improve automation and controls, and develop business cases to support risk strategy and sustainable, compliant growth.

Lead risk assessments and audit readiness for business lines, advise stakeholders on risk mitigation, manage audit remediation, and author governance documentation. Partner cross-functionally with ERM, Compliance, IT, Internal Audit, and regulatory teams to align processes with corporate risk frameworks and reporting requirements.

Lead testing, monitoring and oversight of network participant risk management for payments. Develop and execute testing strategy, perform data analysis, validate controls, challenge first-line risk decisions, track issues, and drive remediation. Collaborate with BRO/IRM and stakeholders, maintain related policies and documentation, and provide insights on trends and risk changes.

Lead portfolio-level risk oversight for external hedge fund managers, performing manager due diligence, VaR/stress testing, liquidity and capital planning, and risk reporting. Provide forward-looking analytics and portfolio construction advice, identify early warning signals, and support investment decision-making and stakeholder communication.

Lead design and execution of audit validation activities for the Risk and Control Enhancement program. Develop testing approaches, run walkthroughs and planning, coach audit teams, manage multiple validations to deliver on time and within budget, challenge control design and report findings to stakeholders.

Lead and execute credit risk audit engagements for U.S. Bank, assessing governance, risk management, controls, and regulatory compliance across credit monitoring, reporting, CECL, analytics, and loan review. Plan audits, develop programs, review workpapers, report findings, coach staff, and coordinate with stakeholders to ensure timely, high‑quality audit delivery.

The Risk Manager, Insurance supports enterprise risk management and monitors insurance programs, analyzes policies, manages claims, and collaborates cross-functionally to mitigate losses.

Lead first-line risk management for Private Wealth Management Trust and RIA businesses. Identify, analyze, and mitigate operational and compliance risks across the trust client lifecycle; advise governance, implement controls and change management, review policies, and support remediation. Integrate Risk, Compliance, and fiduciary supervision, liaise with regulators, and use GRC tools to monitor risk and thresholds.

Lead design and oversight of payroll tax controls, perform internal audits and control testing, manage remediation and SOC audit activities, create reporting dashboards, and partner cross-functionally to reduce client risk and improve operational consistency.

Lead credit strategy and portfolio management using analytics and predictive models. Own decisioning frameworks, optimize model performance, evaluate data vendors, and partner across underwriting, finance, and product to balance growth and credit quality.

Lead FX and risk management, oversee cashflow, balance sheet and interest-rate hedging programs, execute spot trades, manage debt processes and guarantees, set up hedge accounting and perform effectiveness testing, prepare journal entries using Bloomberg valuations, drive process improvement, and coordinate compliance and debt roster reporting.

The Risk Appetite, Strategic and Reputation Risk Manager leads risk identification, management, and reporting, collaborating with management on strategic priorities and compliance.

The Manager of High-Risk Customer Reviews leads EDD team, manages operations, ensures compliance, oversees case reviews, and facilitates process improvements.

Own and monitor a consumer lending portfolio; develop and implement underwriting, limit, pre-screen, and risk-tier strategies. Perform hands-on analysis with SQL and Python, run A/B and champion/challenger tests, use internal and third-party data, ensure fair lending governance, and collaborate across stakeholders to translate analysis into business recommendations.

Lead credit risk analytics for credit card and personal loan portfolios: develop ML-driven credit strategies, monitor portfolio performance, run A/B tests, forecast credit losses and stress tests, ensure regulatory compliance, and partner across Product, Engineering, Legal and Marketing.

Lead and mature the enterprise risk management program by identifying, assessing, and prioritizing risks; build data-driven risk insights using AI, dashboards and Power BI; advise leaders and Board committees; drive workshops, training, and monitoring of emerging risks; and integrate ERM into strategic planning and business resiliency.

Lead credit risk and pricing strategy for Marqeta's managed credit card programs: design policies, pricing, and underwriting frameworks; build models with data partners; oversee portfolio monitoring, securitization analytics, governance, and partner advisory across cross-functional teams.

Lead credit risk due diligence and field examinations for specialty lending clients. Supervise and mentor staff, act as subject-matter expert, manage engagement deliverables and budgets, support client development and proposals, ensure quality control, handle billing and realization, recommend internal process improvements, and travel as needed. Requires CPA and strong communication and client management skills.

Design, deploy, and optimize end-to-end credit strategies for short-duration small-business lending. Develop underwriting policies, segmentation, limits, pricing, and limit assignment frameworks. Partner with product, engineering, data science, and underwriting to operationalize decisioning, enable experimentation, implement monitoring, and incorporate forward-looking risk signals and macro trends to maintain portfolio loss tolerances and investor-ready performance.