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 147 Jobs

Senior Portfolio Manager, Commercial Banking

  • Frankfort, IL
  • 16 days ago
  • Frankfort, IL
  • 16 days ago

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its Different Approach, Better Results...

Middle Market Commercial Credit Portfolio Manager

  • Chicago, IL
  • 23 days ago
  • Chicago, IL
  • 23 days ago

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its Different Approach, Better Results...

Factoring Portfolio Manager, Wintrust Receivables Finance

  • Chicago, IL
  • 30+ days ago
  • Chicago, IL
  • 30+ days ago

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its Different Approach, Better Results...

Portfolio Manager, Community Advantage

  • Barrington, IL
  • 30+ days ago
  • Barrington, IL
  • 30+ days ago

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its Different Approach, Better Results...

Assistant Portfolio Manager - Fixed Income

  • Chicago, IL
  • 10 hours ago
  • Chicago, IL
  • 10 hours ago

Assistant Portfolio Manager - Fixed Income Overview We are currently seeking an Assistant Portfolio Manager (APM) to work within our portfolio management group. The individual will be an integral...

Remote Work

Jr. Program Manager / Portfolio Manager

  • Chicago, IL
  • 10 hours ago
  • Chicago, IL
  • 10 hours ago

Jr. Program Manager / Portfolio Manager Large Banking Client Duration: 12 months - with potential to extend up to 18 and/or convert FTE Location: Chicago, IL 5 days onsite per week Top...

Credit Risk Manager

  • Chicago, IL
  • 10 hours ago
  • Chicago, IL
  • 10 hours ago

Credit Risk Manager Location: Chicago Area, USA -(On-site) Position Overview: We are looking for a skilled and experienced Credit Risk Manager to oversee the development and execution of credit...

Make banking a Fifth Third better We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. The individual in this role...

Model Risk Manager

  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

at First Busey Corporation in Chicago, Illinois, United States Job Description Position SummaryAs a Model Risk Manager, your primary responsibility will be leading First Busey Corporation's Model...

Associate Portfolio Manager

  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

at Balyasny Asset Management, L.P. in Chicago, Illinois, United States Job Description Oversee and manage a diverse portfolio of commodity derivatives, including futures and options, focusing on...

Fund Manager - Private Equity

  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

Fund Manager - Private Equity Location: Chicago Sector: Accountancy & Finance Job type: Permanent Salary: Negotiable Contact: Emma Bradley Emma.Bradley Job ref: JOB-...9... Published: about 10...

Portfolio Manager, LIHTC

  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

Job Summary What is the opportunity? RBC Community Investments, part of the Royal Bank of Canada (RBC) firm, is a leading national syndicator of State and Federal Low Income Housing Tax Credits...

Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies....

IT Risk Manager (LOD1)

  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

At Early Warning, we've powered and protected the U.S. financial system for over thirty years with cutting-edge solutions like Zelle, Paze, and so much more. As a trusted name in payments, we...

Portfolio Management Analyst

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

Strong understanding of financial markets, mutual funds, portfolio management, option pricing or option replication, derivative pricing, and hedging concepts....

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 Management
Gain a solid foundation in risk management by learning risk assessment, analysis, and management techniques from Wall Street professionals. Taught by instructors with decades of experience on Wall...
Cybersecurity Risk Management
Learn key principles of risk analysis, risk assessment and risk mitigation for information security using both qualitative and quantitative methodologies. Cybersecurity risk management guides a...
Risk Management for Projects
Learn how to manage risk in your organization by using the best processes and procedures. Risk management is a process used for the identification, assessment and analysis of potential risks to an...

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
41.8%
Doctorate Degree
4.1%
High School or GED
3.3%
Associate's Degree
3.3%
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



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