Top Risk Management Jobs in Chicago, IL

Leads quantitative model risk analysis for loan loss forecasting and allowance for credit losses. Develops alternative statistical, econometric, and machine learning models; evaluates model design, risks, and performance; and communicates validation results to management, regulators, and technical teams. Responsibilities include model improvement, large-dataset analysis, documentation, presentations, and collaboration with model development teams using Agile methodologies. The role may also involve people management and applying advanced analytical tools.

Lead risk and control oversight for digital banking products, focusing on AI-enabled features. Partner with product teams to design and embed control frameworks, execute CORE evaluations, identify and remediate operational risks, and lead a team to minimize financial, regulatory, and reputational exposures while enabling innovative digital experiences.

Lead third-party risk insights for the CIB Controls team by analyzing vendor risk data, producing executive governance materials, identifying themes and emerging risks, supporting remediation prioritization, maintaining KRIs/KPIs and dashboards, performing quality checks, and coordinating with stakeholders across Controls, Procurement, Legal, Compliance, Technology and the business to support risk acceptance decisions.

Manage AML/KYC risk for high-risk industries by conducting specialized due diligence, advising bankers and KYC officers, owning renewal cycles and escalations, improving controls, and ensuring timely, high-quality portfolio management.

Lead risk initiatives for Card network operations, advising business partners and assurance functions, driving risk reduction, regulatory exam support, data-driven insights, risk assessments, and cross-functional collaboration to ensure resilient, compliant network operations.

Partner with traders, quants, and engineers to identify, monitor, and manage market, credit, capital, and operational risks for Delta One and exchange-traded products. Develop quantitative risk methodologies, build Python-based risk tools and reporting, evaluate new strategies, and drive improvements to risk frameworks and automation.

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 risk and compliance activities for a high-risk banking environment: prepare for audits and regulatory exams, draft policies and governance, evaluate internal controls, run risk assessments and gap analyses, maintain training, monitor regulatory changes, and produce KRI/KPI Board-level reporting.

Lead and grow a model governance team to oversee model validation, monitoring, drift and fair-lending assessments, documentation, change management, and customer/regulatory interactions. Own strategy, customer-facing governance relationships, validation reports, remediation tracking, and hands-on mentorship when needed.

Lead and scale a model governance and quantitative risk team responsible for performance and drift monitoring, validation, documentation, remediation, and customer-facing governance. Set strategy for governance automation and standards, manage cross-functional relationships, prepare reports for customers/regulators, and perform hands-on model review and mentoring as needed.

Lead second-line credit risk oversight across unsecured, secured, and commercial lending. Perform credit and behavioral analytics, monitor roll rates/delinquency, evaluate KPIs/KRIs, build data visualizations, advise on policy effectiveness, and support regulatory readiness and risk management frameworks.

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 enterprise-wide compliance and financial-crime risk assessments, evaluate controls and residual risk, produce executive reports, partner with MLROs/CCOs globally, drive transaction monitoring and customer risk scoring coverage, update geographic risk ratings, develop threat assessment frameworks, and pioneer AI-powered automation while maintaining human oversight.

Lead and grow a model risk and governance team, set strategy, and run model validation, performance and drift monitoring, fair-lending assessments, governance documentation, model inventory, and change management. Own customer and regulator-facing governance relationships, prepare validation reports, track remediation, balance strategic roadmap with operational demands, and perform hands-on technical work as needed.

Implement and govern an enterprise-wide process hierarchy to support risk identification, assessment, and reporting. Partner with first-line leaders and stakeholders to drive process consistency, enable risk aggregation and visibility, support audits/exams, and lead process improvements to enhance efficiency and data integrity.

Lead and execute internal audit engagements focused on credit risk, including credit monitoring, CECL, credit analytics, and loan review. Plan audits, assess control design and operating effectiveness, document processes, evaluate risks and root causes, produce clear audit reports, monitor engagement progress, provide technical guidance to audit staff, and collaborate across lines of defense to deliver independent assurance to senior management and the Audit Committee.

Manages consumer payments and deposits risk and compliance frameworks, including control assessments, testing, monitoring, regulatory change implementation, issue remediation, risk reporting, and enterprise risk management support. Advises business lines on consumer banking regulations, operational risk, control design, business resiliency, and process improvements. Leads collaboration between business teams and second-line risk functions and manages a team of associates.

Manage and oversee a team of credit analysts covering depository and CDFI members. Perform credit underwriting, risk ratings, model development, policy implementation, regulatory and senior management reporting, borrower surveillance, and collaborate with relationship managers, IT, and Sales to mitigate credit risk and support strategic projects.

Develops and maintains risk governance frameworks, leads implementation and oversight, advises stakeholders, monitors and reports governance effectiveness, analyzes regulatory changes, supports examinations and remediation, creates governance tools and training, and collaborates across lines of defence to ensure consistent execution of the Risk Management Framework.

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.

Lead and mentor credit risk teams to perform credit and loan reviews, internal audits, policy assessments, and deliver actionable recommendations to clients. Drive practice development, present findings to senior stakeholders, support talent growth, and build market presence while ensuring high-quality credit risk mitigation across lending industries.

Manage 2nd-line third-party risk oversight: maintain TPRM framework, produce and analyze risk metrics and dashboards, support regulatory reporting, run targeted reviews, prepare committee materials, and advise stakeholders to improve risk controls and reporting efficiency.

Manage and execute Global Third-Party Risk Management programs, provide training and documentation, support audits and regulatory readiness, investigate 2LOD challenges, and collaborate with stakeholders to ensure third-party risks are identified, assessed, mitigated, and reported within risk appetite.