Top 44 Risk Management Analyst Jobs in Chicago, IL

Model Risk Analyst
Federal Home Loan Bank of Chicago —Chicago, IL
- $75,325 - $125,500 a year
- Full-time
- Mid-level
- Office
- SQL
- Paid holidays
- Health insurance
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Sr. Risk Analyst, Credit
Federal Home Loan Bank of Chicago —Chicago, IL
- $90,400 - $150,700 a year
- Full-time
- Research
- Mid-level
- Office
- Paid holidays
- Health insurance
Quick Apply
6d
Senior Analyst - Regulatory Affairs
Covista —Chicago, IL
- $49,199.00 - $86,253.75 a year
- Full-time
- Hybrid work
- Microsoft Excel
- Microsoft Outlook
- Office
- Paid holidays
- Disability insurance
Quick Apply
12h
Risk Analyst
William Blair —Chicago, IL
- $77,000 - $95,000 a year
- Hybrid work
- Mid-level
- Project management
- Bachelor's degree
Senior Analyst, Operational Risk Management
Golub Capital —Chicago, IL
- $80,000 - $120,000 a year
- Full-time
- Hybrid work
- Office
- Bachelor's degree
- Organizational skills
- 401(k)
- Paid time off
6d
Merchant Fraud Analyst
Adyen —Chicago, IL
- $85,000 - $110,000 a year
- Mid-level
- 1 year
Senior Risk Management & Insurance Analyst
Rotary International —Chicago, IL
- $99,900 - $111,000 a year
- Customer service
- 5 years
- Data analysis skills
- Health insurance
- Dental insurance
Quick Apply
17h
Cyber and Technology Risk Analyst - Lead Consultant
Allstate —Chicago, IL
- $90,700 - $153,925 a year
- Hybrid work
- Analysis skills
- Continuous improvement
- US work authorization
- Work from home
14d
Senior IT Risk and Compliance Analyst
NORC at the University of Chicago —Chicago, IL
- $97,000 - $120,000 a year
- Full-time
- Hybrid work
- Computer science
- Computer Science
- Office
- Paid parental leave
- Paid holidays
Risk Analyst Income Simulation
Federal Home Loan Bank of Chicago —Chicago, IL
- $75,325 - $125,500 a year
- Full-time
- Microsoft Excel
- Computer Science
- Mid-level
- Paid holidays
- Health insurance
Quick Apply
Security Risk and Compliance Analyst - Technology Solutions
University of Illinois —Chicago, IL
- $70,000 - $85,000 a year
- Online Application
- Computer Science
- HIPAA
- Research
- Health insurance
- Dental insurance
8h
Senior Analyst - Insider Threat (Remote)
United Airlines —Chicago, IL
- $112,480 - $146,540 a year
- Full-time
- Remote
- Computer science
- Computer Science
- 3 years
- Paid holidays
- Disability insurance
Fraud Analyst
Wintrust Financial Corporation —Rosemont, IL
- $50,000 - $65,000 a year
- Full-time
- Hybrid work
- Microsoft Excel
- Microsoft Outlook
- Mid-level
- AD&D insurance
- Employee stock purchase plan
Documentation Analyst with Data Modelling background
Infinity, a Stamford Technology Company —Chicago, IL
- Mid-level
- Office
- Leadership
Revenue Operation Analyst
The Chamberlain Group LLC —Oak Brook, IL
- $76,600 - $123,775 a year
- Full-time
- Hybrid work
- Microsoft Word
- Microsoft Outlook
- 5 years
- 401(k)
Quick Apply
Process Risk & Controls Analyst
The Chicago Housing Authority —Chicago, IL
- $70,000 - $80,000 a year
- Full-time
- Microsoft Word
- CPA
- Mid-level
- Disability insurance
- Health insurance
Revenue Analyst-Healthcare Stop Loss (Remote)
Allied Benefit Systems —Chicago, IL
- $55,000 - $65,000 a year
- Full-time
- Remote
- Microsoft Excel
- Microsoft Access
- Mid-level
- Disability insurance
- Health insurance
Analyst / Senior Analyst, Reporting and Operations - Chicago
Fitch Ratings —Chicago, IL
- $80,000 - $100,000 a year
- Hybrid work
- Computer Science
- Writing skills
- Mid-level
Lead Actuarial Analyst, MA Risk Adjustment
Strive Health —Chicago, IL
- $99,000 - $124,000 a year
- Email
- Hybrid work
- SQL
- Bachelor's degree
- Senior level
- Paid holidays
- Disability insurance
Quick Apply
Data Analyst Manager - Model Risk Office
Information Technology Senior Management Forum —Chicago, IL
- $164,800 - $188,100 a year
- Email
- Google Workspace
- Computer Science
- Office
- Health insurance

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Risk Management Analyst jobs near Chicago, IL

Model Risk Analyst

Federal Home Loan Bank of Chicago -
Chicago, IL

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Job Details

Full-time
$75,325 - $125,500 a year

Benefits

Paid holidays
Health insurance
Dental insurance
401(k)
Tuition reimbursement
Paid time off
Pension plan
Vision insurance

Qualifications

AI models
Optimizing workflow processes
Financial sensitivity analysis
Statistics
Master's degree in business administration
Data visualization software proficiency
Statistics
Predictive modeling analysis
Financial model development
Automation
R
Mathematics
Mid-level
Tableau
SQL
Machine intelligence
Math
Logistic regression
Attribution modeling
Master of Science
Master of Arts
Master's degree in statistics
Master's degree in mathematics
Productivity software
Quantitative risk analysis
Benchmarking
Master of Business Administration
Chartered Financial Analyst
Model evaluation
Communication skills

Full Job Description

At the Federal Home Loan Bank of Chicago, employees come first - that’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

Collaborative, in-office operating model

Retirement program (401k and Pension)

Medical, dental and vision insurance

Lifestyle Spending Account

Competitive PTO plan

11 paid holidays per year

Who we are

Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.

Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.

What it’s like to work here

At FHLBank Chicago, we bring people together. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided with an allocation of remote days to use as needed throughout the year.

What you’ll do

The Model Risk Analyst (Analyst) within the Model Risk Management Group (MRM) is responsible for various tasks supporting model validation and risk governance. The tasks are both technical (e.g., related to data analytics and quantitative modeling) and administrative (e.g., documentation requirements). By completing these tasks, the analyst will enhance both his/her technical skills and understanding of how financial models are used within the bank.

How you’ll make an impact

Drive Innovation: Lead the charge in enhancing credit and financial models by challenging current methods and proposing innovative enhancements to improve model effectiveness.
Collaborate and Influence: Work closely with model owners and stakeholders, presenting testing results and providing constructive recommendations to strengthen our risk management practices.
Automate and Optimize: Recommend new ways to automate and improve the modeling process, ensuring efficiency and accuracy in our financial risk assessments.

What you can expect

Explain and present testing results to MRM, model owners and other stakeholders;
Work effectively with other risk analysts within MRM and perform ad-hoc analysis to support model-related initiatives;
Review model data sources, assumptions, and underlying theory for conceptual soundness;
Perform sensitivity analysis and attribution analysis to determine the key financial risk factor(s)/input(s) impacting the Model;
Challenge current methods by considering additional modeling enhancements or different metrics to assess model effectiveness;
Perform independent benchmarking, back testing and other analysis for applicable models;
Recommend new ways to automate/improve the modeling process;
Effectively challenge the model owners by identifying potential model weakness and provide constructive recommendations.

What you’ll bring

Graduate Degree (MS/MA/MBA) in a quantitative discipline (e.g., Mathematics, Statistics, Financial Mathematics, Econometrics);
0-3 years of modeling or model validation working experience;
Passionate about risk management and interested in model validation;
Detail-oriented, a critical thinker and possess excellent communication skills;
Proficient in Microsoft Office suite (Excel, Word, Access, PowerPoints)
Knowledge in Statistics (logistic regression) and basic data analysis plus knowledge of SQL/R/Python
Basic understanding in fixed income securities or mortgage products (CFA/FRM certifications a plus).
Knowledge of stochastic processes or interest-rate model techniques preferred;
Experience using machine learning techniques utilizing regression and classification algorithms preferred;
Familiar with Tableau and level of detail (LOD) preferred

The Perks

At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

Salary Range:

$75,325.00 - $125,500.00

The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

Quick Apply

Refine Your Search

Risk Management Analyst jobs in Chicago, IL

Model Risk Analyst

Sr. Risk Analyst, Credit

Senior Analyst - Regulatory Affairs

Risk Analyst

Senior Analyst, Operational Risk Management

Merchant Fraud Analyst

Senior Risk Management & Insurance Analyst

Cyber and Technology Risk Analyst - Lead Consultant

Senior IT Risk and Compliance Analyst

Risk Analyst Income Simulation

Security Risk and Compliance Analyst - Technology Solutions

Senior Analyst - Insider Threat (Remote)

Fraud Analyst

Documentation Analyst with Data Modelling background

Revenue Operation Analyst

Process Risk & Controls Analyst

Revenue Analyst-Healthcare Stop Loss (Remote)

Analyst / Senior Analyst, Reporting and Operations - Chicago

Lead Actuarial Analyst, MA Risk Adjustment

Data Analyst Manager - Model Risk Office

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