Risk Manager Jobs in Illinois
Risk manager jobs in Illinois are consistently active, with demand concentrated in financial services, insurance, healthcare, and corporate operations, and openings at every level from entry-level analyst to senior enterprise risk executive. Chicago leads hiring volume by a wide margin, with secondary markets in Naperville and Peoria, and major employers including Aon, Allstate, and Northern Trust maintaining deep risk management functions in the state. The most in-demand specialties are enterprise risk management, financial risk, and operational risk compliance. Find a role that fits below and apply directly.
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The Senior Manager, Risk Management will join the Data Governance and Pricing (DGAP) team within the Global Payment Networks (GPN) to manage numerous data adjacent risks. The risks include, for example, the data aspects of Network Conflict Risk (NCR), External Data Sharing (XDS), SCAN Findings, Privacy, Feature and Script Governance, Interchange Fee Prohibition Act, and more. The candidate will bring a mixture of Data, Risk, and Project Management experience to develop processes, programs and controls to mitigate these risks across GPN. The ideal candidate will have an understanding of both the associated risk management frameworks and the applicable policies and standards.
Responsibilities:
- Understanding, documenting and analyzing current state capabilities regarding one or more Risk methods.
- Leverage industry benchmarking to determine best practices and lessons learned regarding components of the Risk framework.
- Write and revise documents such as policies, standards, procedures, and guidelines. Develop and enhance processes, tools, templates, and job aides. Write, contribute to, edit, and deliver presentations that aid in the design, development, refinement, and usage of Risk methods.
- Collaborate effectively across multiple organizations such as Operational Risk Management, Enterprise Risk Management, Compliance, Business Risk Offices, Operational Risk Sub-Steward organizations, Information Technology, Basel Program, Internal Audit, Regulator Relations, etc. to achieve objectives.
Basic Qualifications:
- Bachelors Degree or military experience
- At least 3 year of Financial Services Risk Management Experience
- At least 5 years of Project Management experience
- At least 7 years of experience supporting, partnering and interacting with internal business clients
Preferred Qualifications:
- At least 7 years of Project Management experience leading cross functional projects and programs in Risk
- At least 7 years of Financial Services risk management experience
- PMP Certification or Masters Certificate of Project Management (CPM) Ability to set direction, manage expectations and lead cross-functional teams
-
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Richmond, VA: $161,500 - $184,300 for Sr. Risk ManagerRiverwoods, IL: $161,500 - $184,300 for Sr. Risk Manager
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).
Sr. Risk Manager - Data Governance and PricingThe Senior Manager, Risk Management will join the Data Governance and Pricing (DGAP) team within the Global Payment Networks (GPN) to manage numerous data adjacent risks. The risks include, for example, the data aspects of Network Conflict Risk (NCR), External Data Sharing (XDS), SCAN Findings, Privacy, Feature and Script Governance, Interchange Fee Prohibition Act, and more. The candidate will bring a mixture of Data, Risk, and Project Management experience to develop processes, programs and controls to mitigate these risks across GPN. The ideal candidate will have an understanding of both the associated risk management frameworks and the applicable policies and standards.
Responsibilities:
- Understanding, documenting and analyzing current state capabilities regarding one or more Risk methods.
- Leverage industry benchmarking to determine best practices and lessons learned regarding components of the Risk framework.
- Write and revise documents such as policies, standards, procedures, and guidelines. Develop and enhance processes, tools, templates, and job aides. Write, contribute to, edit, and deliver presentations that aid in the design, development, refinement, and usage of Risk methods.
- Collaborate effectively across multiple organizations such as Operational Risk Management, Enterprise Risk Management, Compliance, Business Risk Offices, Operational Risk Sub-Steward organizations, Information Technology, Basel Program, Internal Audit, Regulator Relations, etc. to achieve objectives.
Basic Qualifications:
- Bachelors Degree or military experience
- At least 3 year of Financial Services Risk Management Experience
- At least 5 years of Project Management experience
- At least 7 years of experience supporting, partnering and interacting with internal business clients
Preferred Qualifications:
- At least 7 years of Project Management experience leading cross functional projects and programs in Risk
- At least 7 years of Financial Services risk management experience
- PMP Certification or Masters Certificate of Project Management (CPM) Ability to set direction, manage expectations and lead cross-functional teams
-
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Richmond, VA: $161,500 - $184,300 for Sr. Risk ManagerRiverwoods, IL: $161,500 - $184,300 for Sr. Risk Manager
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).
See All 53 Risk Manager Jobs in Illinois
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Find Risk Manager JobsRisk Manager Jobs by City in Illinois
Where Illinois roles are concentrated, by current openings.
Risk Manager Job Market in Illinois
A snapshot from current Illinois openings, updated as new roles post.
Who's Hiring


Top Industries Hiring
- Banking & Financial Services
- Technology & Software
- Accounting & Auditing
- Investment & Asset Management
What Illinois Employers Look For
The qualifications that appear most often in risk manager jobs across Illinois.
- Bachelor's degree in finance, business, economics, or a related field required
- Professional certification such as FRM, CRM, or ARM strongly preferred by Illinois employers
- Three or more years of risk assessment, compliance, or audit experience in a relevant industry
- Demonstrated proficiency with risk management frameworks including COSO or ISO 31000
- Experience with enterprise risk management software and data analysis tools such as Excel or SAS
- Strong written communication skills for preparing risk reports and presenting findings to leadership
Risk Manager Jobs in Illinois: Frequently Asked Questions
How do you become a risk manager in Illinois?
Becoming a risk manager in Illinois typically starts with a bachelor's degree in finance, business, economics, or a related discipline. Illinois does not require a state-issued license for most risk manager roles, but employers strongly favor candidates holding recognized professional credentials such as the Financial Risk Manager designation from GARP or the Associate in Risk Management from The Institutes. Many Illinois employers, particularly in Chicago's financial and insurance sectors, also value prior experience in audit, compliance, or financial analysis.
Which companies hire risk managers in Illinois?
Employers hiring risk managers in Illinois right now include SentiLink, Information Technology Senior Management Forum, and EY, based on current listings on Migrate Mate as of September 2026. Illinois's concentration of insurance headquarters, major banks, and large corporate operations means risk management roles appear across a wide range of industries beyond financial services.
Which Illinois cities have the most risk manager jobs?
Chicago, Riverwoods, and Illinois have the most risk manager openings in Illinois. Chicago dominates because it is home to major financial institutions, global insurance carriers, and large corporate headquarters that maintain substantial risk functions, while suburban markets like Naperville and Downers Grove attract openings tied to large employers with regional campuses and operational centers outside the city core.
Are there remote risk manager jobs in Illinois?
Yes, and more than many fields, since risk management is fundamentally an analytical and desk-based discipline. About 63% of risk manager openings tied to Illinois are remote or hybrid as of September 2026, reflecting the role's compatibility with distributed work. Positions focused on quantitative modeling, enterprise risk reporting, and policy development tend to be the most flexible, while roles requiring direct oversight of physical operations or regular stakeholder meetings typically require in-person presence.
How can I get hired as a risk manager in Illinois with little or no experience?
The most realistic entry path is moving into risk from an adjacent role such as internal audit, compliance analyst, or financial analyst, areas where large Illinois employers like Aon, Allstate, and major Chicago-area banks regularly hire early-career candidates. Pursuing an entry-level associate or analyst position within a risk or compliance department is common, and many large Chicago financial institutions run structured rotational programs that include risk functions. Earning a foundational credential such as the Associate in Risk Management while building experience in audit or compliance significantly improves candidacy.
Where can I find and apply to risk manager jobs in Illinois?
You can find and apply to risk manager jobs in Illinois on Migrate Mate, which lists current openings tied to Illinois employers. Find roles that fit your experience and location and apply directly through the listings.
See All 53 Risk Manager Jobs in Illinois
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