Risk Management Analyst Jobs in Chicago, IL
Risk Management Analyst jobs in Chicago are concentrated in the Loop, River North, and the Magnificent Mile corridor, driven by the city's dense financial services, insurance, and commodities trading sectors. Employers hiring right now include Options Clearing Corporation, FHLBank Chicago, and Northern Trust. Scan the live roles below and apply to whichever ones fit.
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*****THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP*****
To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.
*****INTERNS AND SEASONAL INTERNS ARE ELIGIBLE ONLY FOR PAID SICK LEAVE ACCRUED BASED ON HOURS WORKED. NO OTHER BENEFIT INCLUDING TECHNOLOGY STIPEND APPLY TO INTERNS OR SEASONAL INTERNS*****
Location: Chicago or Dallas
Internship type: Seasonal intern (12 weeks, summer 2027)
Hybrid Work Program
OCC operates under a Hybrid Work Program which, absent an approved exception, requires employees to work from an OCC office at least 3 days per week. To maximize in–person collaboration, Tuesday and Wednesday are considered anchor days, and all employees are expected to work in the office both days. Employees meeting performance expectations are generally permitted to select 2 other days per week to work remotely if desired. When working remotely, employees are generally expected to work from the state in which they reside, absent an exception approved by Human Resources. Additionally, OCC generally does not permit employees to work while traveling internationally.
About OCC:
A World Class Clearing Organization
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 21 exchanges and trading platforms.
OCC also provides free and engaging educational resources about the benefits and risks of options through its Options Industry Council (OIC).
OCC is building a culture that empowers continued learning, authentic innovation, and constant creativity.
About the Intern Program:
OCC is looking for interns who are eager to learn, humble enough to ask questions, and ready to think critically about complex problems. The OCC Internship Program equips students with the real-world skills needed to transition successfully into a career in financial services. As an intern, you will contribute to meaningful projects, applying your skills and knowledge to real challenges facing the business. Your time with us is a real opportunity to make a genuine impact on the future of OCC!
OCC's Summer Internship Program is a 12-week opportunity running either May through August or June through September, and is open to undergraduate and graduate students who are actively enrolled at a college or university. Interns work up to 40 hours per week in a hybrid work environment, and overtime is not permitted.
About the Team & Role
Credit Risk Management (CRM) sits within OCC's Financial Risk Management (FRM) division and is responsible for safeguarding OCC from counterparties such as Clearing Members, banks, pension funds, investment counterparties, and financial market utilities that exhibit elevated credit or operational risk or lack sound risk management programs. The team manages the full counterparty lifecycle from onboarding, monitoring, risk examinations, and off boarding.
An intern on CRM would get hands-on exposure to a live counterparty risk function and contribute to the team’s mandate of managing counterparty risk. Depending on team needs, the intern would be paired with CRM staff, exposed to senior stakeholders, and given direct visibility into how OCC's first line of defense manages counterparty credit risk in practice.
Job Summary & Responsibilities
- Supporting due diligence and financial statement analysis for Clearing Member or bank on-boarding applications.
- Assisting with Watch Level surveillance: pulling and reviewing financial/operational data to help identify emerging risk trends.
- Helping prepare materials for Clearing Member risk examinations (questionnaires, document requests, findings write-ups).
- Contributing to analysis and or reporting to management.
- Assisting with special projects (e.g., process enhancements, data transformation, code reviews, dashboard design, or credit rating model support) alongside Analysts and Associates on the team.
Candidate Qualifications
Rising senior or second-year graduate student, graduating December 2027 or May/August 2028.
Desired Majors
- Bachelor’s degree: preferably in Finance, Economics, Accounting, Risk Management, or a computational & quantitative major.
Technical Skills/Experience Desired
- Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
- Ability to read and understand financial statements
- Excellent organization skills – must be detail oriented
- Strong verbal and written communication skills
- Familiarity with large relational data sets, programing languages (SQL, python, java), and data visualization tools preferred
Additional Qualifications
- Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment
About Us
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.
Compensation
- The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
- In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
- We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
- All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.
Salary Range
$25.00 - $25.00Incentive Range
This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.
Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.
Step 2
You will receive an email notification to confirm that we've received your application.
Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.
For more information about OCC, please click here.
OCC is an Equal Opportunity Employer
*****THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP*****
To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.
*****INTERNS AND SEASONAL INTERNS ARE ELIGIBLE ONLY FOR PAID SICK LEAVE ACCRUED BASED ON HOURS WORKED. NO OTHER BENEFIT INCLUDING TECHNOLOGY STIPEND APPLY TO INTERNS OR SEASONAL INTERNS*****
Location: Chicago or Dallas
Internship type: Seasonal intern (12 weeks, summer 2027)
Hybrid Work Program
OCC operates under a Hybrid Work Program which, absent an approved exception, requires employees to work from an OCC office at least 3 days per week. To maximize in–person collaboration, Tuesday and Wednesday are considered anchor days, and all employees are expected to work in the office both days. Employees meeting performance expectations are generally permitted to select 2 other days per week to work remotely if desired. When working remotely, employees are generally expected to work from the state in which they reside, absent an exception approved by Human Resources. Additionally, OCC generally does not permit employees to work while traveling internationally.
About OCC:
A World Class Clearing Organization
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 21 exchanges and trading platforms.
OCC also provides free and engaging educational resources about the benefits and risks of options through its Options Industry Council (OIC).
OCC is building a culture that empowers continued learning, authentic innovation, and constant creativity.
About the Intern Program:
OCC is looking for interns who are eager to learn, humble enough to ask questions, and ready to think critically about complex problems. The OCC Internship Program equips students with the real-world skills needed to transition successfully into a career in financial services. As an intern, you will contribute to meaningful projects, applying your skills and knowledge to real challenges facing the business. Your time with us is a real opportunity to make a genuine impact on the future of OCC!
OCC's Summer Internship Program is a 12-week opportunity running either May through August or June through September, and is open to undergraduate and graduate students who are actively enrolled at a college or university. Interns work up to 40 hours per week in a hybrid work environment, and overtime is not permitted.
About the Team & Role
Credit Risk Management (CRM) sits within OCC's Financial Risk Management (FRM) division and is responsible for safeguarding OCC from counterparties such as Clearing Members, banks, pension funds, investment counterparties, and financial market utilities that exhibit elevated credit or operational risk or lack sound risk management programs. The team manages the full counterparty lifecycle from onboarding, monitoring, risk examinations, and off boarding.
An intern on CRM would get hands-on exposure to a live counterparty risk function and contribute to the team’s mandate of managing counterparty risk. Depending on team needs, the intern would be paired with CRM staff, exposed to senior stakeholders, and given direct visibility into how OCC's first line of defense manages counterparty credit risk in practice.
Job Summary & Responsibilities
- Supporting due diligence and financial statement analysis for Clearing Member or bank on-boarding applications.
- Assisting with Watch Level surveillance: pulling and reviewing financial/operational data to help identify emerging risk trends.
- Helping prepare materials for Clearing Member risk examinations (questionnaires, document requests, findings write-ups).
- Contributing to analysis and or reporting to management.
- Assisting with special projects (e.g., process enhancements, data transformation, code reviews, dashboard design, or credit rating model support) alongside Analysts and Associates on the team.
Candidate Qualifications
Rising senior or second-year graduate student, graduating December 2027 or May/August 2028.
Desired Majors
- Bachelor’s degree: preferably in Finance, Economics, Accounting, Risk Management, or a computational & quantitative major.
Technical Skills/Experience Desired
- Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
- Ability to read and understand financial statements
- Excellent organization skills – must be detail oriented
- Strong verbal and written communication skills
- Familiarity with large relational data sets, programing languages (SQL, python, java), and data visualization tools preferred
Additional Qualifications
- Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment
About Us
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.
Compensation
- The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
- In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
- We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
- All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.
Salary Range
$25.00 - $25.00Incentive Range
This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.
Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.
Step 2
You will receive an email notification to confirm that we've received your application.
Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.
For more information about OCC, please click here.
OCC is an Equal Opportunity Employer
See All 53 Risk Management Analyst Jobs in Chicago
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Find Risk Management Analyst JobsRisk Management Analyst Job Market in Chicago
Who's Hiring
Top Industries Hiring
- Banking & Financial Services
- Technology & Software
- Investment & Asset Management
Risk Management Analyst Jobs in Chicago: Frequently Asked Questions
How do I get a risk management analyst job in Chicago?
Focus your search on Chicago's Loop and River North, where financial institutions, insurance carriers, and commodities firms cluster most of their risk functions. Candidates who stand out typically hold a CFA, FRM, or PRM credential and can demonstrate experience with enterprise risk frameworks or regulatory compliance relevant to Illinois-chartered financial entities. Targeting mid-size insurance companies along the North Shore or large banks headquartered downtown gives you the broadest pool of openings.
Which companies hire risk management analysts in Chicago?
Employers hiring risk management analysts in Chicago right now include Options Clearing Corporation, FHLBank Chicago, and Northern Trust, based on current listings on Migrate Mate as of October 2026. Chicago's hiring landscape skews toward large financial institutions, global insurance groups, and commodity exchanges, reflecting the city's standing as a major derivatives and futures trading hub.
Are there remote risk management analyst jobs in Chicago?
Yes, though availability depends on the function, with model validation and data-heavy analytical roles more likely to go remote than positions requiring daily collaboration with trading desks or compliance teams. About 79% of risk management analyst openings tied to Chicago are remote or hybrid as of October 2026, with hybrid arrangements most common at large downtown financial firms. Portfolio risk and quantitative analysis roles tend to carry the greatest remote flexibility in this market.
How can I get a risk management analyst job in Chicago with little or no experience?
The most realistic entry path in Chicago is through a junior risk or credit analyst role at one of the city's regional banks or insurance carriers, many of which run structured analyst programs for recent graduates. Firms in the West Loop and the Fulton Market district increasingly hire entry-level analysts with strong Excel and SQL skills to support enterprise risk teams. Internships at Chicago-based commodity trading firms or insurance groups also provide a direct pipeline, and a background in finance, statistics, or economics from an Illinois university carries weight with local hiring managers.
Which industries hire the most risk management analysts in Chicago?
Most risk management analyst openings in Chicago sit in Banking & Financial Services, Technology & Software, and Investment & Asset Management, per current listings on Migrate Mate as of October 2026. Chicago's role as a global center for derivatives trading, insurance underwriting, and commodity markets makes those sectors the dominant employers of risk talent in the city.
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See All 53 Risk Management Analyst Jobs in Chicago
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