Risk Management Specialist Jobs in Illinois

A Risk Management Specialist in the finance industry is responsible for identifying, analyzing, and mitigating potential risks that could negatively impact an organization's financial and operational effectiveness. They develop risk management processes and policies, ensure compliance with regulatory requirements, and provide risk-related advice to senior management. Their work involves continuous oversight of financial transactions, investment strategies and market trends to identify potential issues early, enabling proactive risk management. They also conduct periodic risk assessments, maintain risk management databases, and prepare risk analysis reports for the management.

To be effective in their roles, Risk Management Specialists should have strong analytical skills, good judgement, and a keen eye for details. They should be proficient in risk analysis software and have a solid understanding of financial markets and investment strategies. A bachelor's degree in Finance, Business, Economics or a related field is typically required, and professional certifications like Certified Risk Manager (CRM) or Financial Risk Manager (FRM) could be beneficial. Prior to becoming a Risk Management Specialist, a person might have roles such as Risk Analyst, Financial Analyst, or Compliance Officer to gain the necessary experience and understanding of the financial industry.

1-15 of 126 Jobs

Senior Director Community Finance - Underwriting & Portfolio Management

  • Capital One
  • Chicago, IL
  • moments ago
  • Chicago, IL
  • moments ago

Senior Director Community Finance - Underwriting & Portfolio Management Capital One, a Fortune 500 company and one of the nation's top 10 banks, offers a broad spectrum of financial products and...

In Person

Planview Portfolio Management Consultant Chicago - IL - Illinois

  • Sierra Business Solution LLC
  • Chicago, IL
  • 5 hours ago
  • Chicago, IL
  • 5 hours ago

Chicago IL Job Description: >> Develop and configure Planview SPM modules including Portfolios, Roadmaps, Outcomes, and OKRs >> Experience with enterprise systems integration (Jira, ServiceNow,...

In Person

VP Portfolio Manager, Commercial Banking - Financial Institutions Group

  • Bank of Montreal
  • Chicago, IL
  • 13 hours ago
  • Chicago, IL
  • 13 hours ago

Application Deadline: 07/09/2026 Address: 320 S Canal Street Job Family Group: Commercial Sales & Service Analyzes credit information to support lending decisions and processes for new and...

In Person

Portfolio Manager, Business Banking

  • Wintrust Financial Corp.
  • Northfield, IL
  • 13 hours ago
  • Northfield, IL
  • 13 hours ago

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated...

In Person

SW License & HW Maintenance Vendor Mgmt Lead / IT Asset Manager

  • ASM Research, An Accenture Federal Services Compan
  • Springfield, IL
  • 20 hours ago
  • Springfield, IL
  • 20 hours ago

at ASM Research, An Accenture Federal Services Compan in Springfield, Illinois, United States Job Description Position Overview The ServiceNow Analyst provides analysis and configuration support...

In Person

Community Association Manager, Portfolio

  • FirstService Corporation
  • Hoffman Estates, IL
  • 1 day ago
  • Hoffman Estates, IL
  • 1 day ago

Description Job Overview: As a Community Association Manager - Portfolio, you'll provide strong leadership and management direction on behalf of the Board of Directors and FirstService...

In Person

Portfolio Manager/Sr. Analyst

  • BMO Financial
  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

Application Deadline: 06/18/2026 Address: 320 S Canal Street Job Family Group: Customer Shared Services Delivers an exceptional customer experience for a defined portfolio of high risk borrowing...

Hybrid

Manager, Integrated Risk Insights, Risk Appetite & Portfolio Management

  • Bank of Montreal
  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

Application Deadline: 06/15/2026 Address: 320 S Canal Street Job Family Group: Data Analytics & Reporting About Us : Join our dynamic team in Integrated Risk Insights within Risk Appetite &...

In Person

AVP, Portfolio Management & Underwriting-ABL

  • Bank of Montreal
  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

Application Deadline: 07/25/2026 Address: 320 S Canal Street Job Family Group: Commercial Sales & Service AVP, Portfolio Management & Underwriting-ABL Chicago This position is a PM/Underwriting...

In Person

Credit Portfolio Manager IV (Asset Based Lending)

  • Atlantic Union Bank
  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

Position Description Responsible for providing an independent perspective in underwriting and managing complex Wholesale Banking loans and relationships up to the bank’s legal lending limit....

Remote

Manager, Portfolio Health (Hybrid)

  • Rewards Network
  • Chicago, IL
  • 2 days ago
  • Chicago, IL
  • 2 days ago

About the job Celebrating 41 years in business, Rewards Network has helped restaurants increase their revenue, traffic, and customer engagement through our innovative financial, marketing...

Hybrid

VP, Portfolio Manager Commercial Banking Dealer Finance

  • Bank of Montreal
  • Chicago, IL
  • 2 days ago
  • Chicago, IL
  • 2 days ago

Assesses client repayment capacity by utilizing financial models and analytical tools to recommend appropriate loan structures and collateral requirements....

In Person

Enterprise Risk Management Specialist

  • Aramco
  • Chicago, IL
  • 2 days ago
  • Chicago, IL
  • 2 days ago

Overview We are seeking an Enterprise Risk Management Specialist to join the Decision Support & Risk Management Department (DS&RMD)....

In Person Full Time

Insurance Risk Specialist

  • Aramco
  • Chicago, IL
  • 2 days ago
  • Chicago, IL
  • 2 days ago

Aramco energizes the world economy. Aramco occupies a special position in the global energy industry. We are one of the worlds largest producers of hydrocarbon energy and chemicals, with among the...

In Person Full Time

NFI Operations Risk Manager

  • County Market
  • Quincy, IL
  • 4 days ago
  • Quincy, IL
  • 4 days ago

SUMMARY We are seeking a highly analytical and detail-oriented Operations Risk Manager to lead the design, implementation, and continuous improvement of operational risk across the organization....

In Person

Demographic Data for Illinois

Moving to Illinois? Find some basic demographic data about Illinois below.


Local
National
12,812,477
319,486

Risk Management Specialist Online Courses and Training Opportunities

iHireFinance curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Risk Assessment and Management
In recent years, managing workplace safety and health has taken a more proactive approach, recognising that determining and overcoming hazards before they cause injury or illness is more effective...
Unlocking the Risk Matrix: Project Risk and the Change Management Process
The key to good project management is good risk management and this short course will tell you everything you need to know about risk and control management. This objective-led course will equip...
Understanding Cyber Risk Management Strategies
Cybersecurity isnt just about technical fixes, it requires strategic risk management to protect organisations against complex threats. This course equips you with advanced skills in cyber risk...

Title Synonyms

Users interested in this job title also searched for the following job titles


Salary for Risk Management Specialist Jobs in Illinois

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireFinance research efforts.

Licensing / Certification

Required or preferred licenses and certifications for Risk Management Specialist positions.



Highest Education Level

Risk Management Specialists in Illinois offer the following education background
Bachelor's Degree
44.3%
Master's Degree
41.9%
Doctorate Degree
4.1%
Associate's Degree
3.3%
High School or GED
3.2%
Vocational Degree or Certification
2.7%
Some College
0.5%
Some High School
0.1%


Other Career Titles

Here are some other career titles that require similar skills



Risk Management Specialist Related Career Advice Articles

close up of a financial chart with finance professionals meeting in the background
5 Types of Finance Jobs: Which Is the Best Fit?

Wondering if a finance job is right for you? Check out our guide to finance careers and learn more about working in finance.

Read article »
Certified Financial Advisor discussing investment opportunities with clients
Impress Employers with These Finance Certifications

For professionals in the financial services industry, certifications can mean the difference between thriving or just surviving. Find out which certification would be best for you.

Read article »