Top Risk Management Jobs in Chicago, IL

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.

Design insurance pricing, reserving, forecasting, and portfolio-risk scenarios for AI model training. Create actuarial analyses and reference answers, evaluate AI outputs for quantitative and methodological accuracy, identify unsupported assumptions and errors, and provide structured feedback. The role requires explaining actuarial methods and business implications to technical and nontechnical audiences while participating in calibration and onboarding sessions.

Manages fraud risk operations, including Level 1 alert monitoring, Level 2 case investigations, escalations, and resolutions. Oversees team performance, quality standards, productivity, and SLAs. Supports BSA/AML processes and suspicious activity escalation, partners with Risk, Compliance, Product, and Operations teams, evaluates emerging fraud risks, and improves detection rules, workflows, documentation, automation, and investigative procedures.

Own and validate margin, pricing, liquidation, and derivatives risk models across traditional and digital asset markets. Responsibilities include backtesting, stress testing, portfolio risk monitoring, automated reporting, data pipeline development, liquidation strategy design, market microstructure analysis, and risk parameter reviews. The role requires collaboration on product onboarding and regulatory or audit documentation while supporting internal risk dashboards and analytical tools.

Manage credit risk strategies for HELOC and secured lending portfolios. Refine underwriting policies, analyze loan performance and credit losses, develop valuation and predictive models, identify customer segments, and design portfolio monitoring frameworks. Partner with Capital Markets, Product, Engineering, Data Science, Fraud, Legal, and Compliance to test and implement risk changes, ensure regulatory adherence, support growth initiatives, and communicate underwriting performance to investors and executives.

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.

Own the payments risk function for Jane's embedded payments platform. Responsibilities include merchant risk policy, underwriting, transaction monitoring, loss and risk reporting, dispute strategy, escalation and offboarding decisions, card network and Stripe compliance, and systems/tooling strategy. The role requires building scalable, AI-forward risk operations while balancing fraud prevention, compliance, financial losses, and customer experience.

Manage daily FCM risk across multi-asset clearing, including intraday and end-of-day metrics, pricing, margin requirements, client risk assessments, and market, credit, and liquidity monitoring. Handle CFTC, NFA, and SEC regulatory requests. Lead product design and listing, develop margin and cross-margining models, oversee liquidation strategies, and conduct quantitative research and scenario analyses.

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.

Manage primary and excess general liability claims, including coverage analysis, liability investigations, reserve evaluations, litigation oversight, mediations, settlements, and trials. Oversee third-party administrators, conduct claim audits and site visits, and communicate loss information to underwriters, actuaries, and reinsurers. The role requires strong negotiation, organization, communication, and prioritization skills, along with general liability claims and complex CGL coverage experience.

Manage market access and pre-trade risk controls, trading limit reviews, control testing, and operational or trading incident investigations. Partner with Trading, Technology, Risk, and Compliance teams; prepare risk documentation; support new businesses, products, systems, and regulatory initiatives; automate risk processes; and develop policies and procedures.

Leads strategic planning, budgeting, forecasting, and financial analysis for the risk exchange platform. Partners with finance, accounting, actuarial, and distribution teams; analyzes operational and insurance results; prepares management reporting; supports monthly close; and presents insights to senior leadership. Drives Pigment planning-platform adoption and improves FP&A processes through AI, automation, documentation, and digital tools.

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.

Own the operational risk discipline within the enterprise risk program. Responsibilities include designing the operational risk framework, managing loss events, running RCSA assessments, conducting scenario analysis, testing controls, supporting Engineering incident reviews, tracking remediation, and preparing risk reporting for the CRO, Risk Committee, and board.

The Credit Risk Manager underwrites transactions, mitigates lending risks, and oversees compliance while interacting with clients and preparing reports.