What Financial Risk Manager Jobs are in Chicago?

Job Description

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Chicago office is hiring for an experienced Vice President, Market Risk Analytics Manager FICCS to join our Risk and Credit Group. The primary function of this role is to act as a Market Risk Analytics Manager focusing on futures, options on futures, FX, power products and Fixed Income.

• Monitor client trading across multi-asset classes and create risk monitoring reports
• Design SQL queries and relational databases to support daily tasks and automate reports
• Manage team that issues intraday/overnight calls and risk limit breaches to clients, while answering and investigating any inquiries or disputes
• Calibrate risk systems and reporting for daily monitoring and management reporting packages
• Oversee and manage Stress Testing and 1.73 liquidation reports
• Inspect client performances by evaluating intraday/overnight profit & losses and stress tests to identify any potential dangers and present protective measures against price fluctuations of client positions
• Perform as a backup for daily approval of outgoing wires and ACHs
• Manage and conduct reports on various Exchange Default Management Systems
• Perform other tasks and duties as assigned and required

• Bachelor's Degree from an accredited university, preferably in Business Administration or other related field
• Minimum 10+ years of experience in futures, FX, and fixed income
• Strong knowledge and experience in Power, Energy Futures, products and exchange requirements, standards, and best practices
• Experience with exchange margin tools and ability to produce and analyze the margin requirements for various exchange margin platforms such as CME, ICE, Nodal, etc.
• Familiarity with options and understanding of option strategies; experience with energy products with limit setting for contracts, margin, risk and Globex credit limits
• Background in developing and maintaining risk policies, processes, procedures, and standards
• Execute SQL queries and apply knowledge of database infrastructure, with experience using Tableau
• Ability to manage across multiple competing priorities and time-sensitive initiatives
• Strong ability to work independently, delegate duties and develop team relationships
• Excellent written and verbal communication skills

As part of our overall compensation package, Wedbush Securities offers an array of diverse benefits to all our colleagues. We believe that providing competitive benefit options yields the advantageous reward of establishing a healthy and inclusive foundational work culture.

• Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family
• Health Savings Account with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• Pre-Tax Commuter Benefits
• 401(k) plan with discretionary, competitive company matching and profit-sharing contributions
• Tuition reimbursement up to $5,250/year
• 3 weeks of Paid Time Off
• 2 weeks of Paid Sick Time (may vary by location)
• 10 Paid Holidays
• Charitable Donation Matching Contributions
• Paid Leave (Parental Bonding, Military, Jury Duty, Volunteer Time Off, Disability, etc.)
• FINRA License Sponsorship
• Travel & Employee Assistance and Employee Discount Programs

The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $125,000 to $200,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.

Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.

Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here

This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.

Wedbush Securities is one of the largest securities firms andinvestment banks in the nation. We provide innovative financialsolutions through our Wealth Management, Capital Markets, Futures andAdvanced Clearing & Prime Services divisions. Headquartered in LosAngeles, California with over 100 offices and more than 80correspondent offices, our commitment to providing relentless,customized service is the foundation of our consistent growth.

Job Location: Chicago, IL; Jersey City; Los Angeles.

Our Chicago office is hiring for an experienced Vice President,Market Risk Analytics Manager FICCS to join our Risk and Credit Group.The primary function of this role is to act as a Market Risk AnalyticsManager focusing on futures, options on futures, FX, power productsand Fixed Income.

Responsibilities include, but are not limited to:

• Monitor client trading across multi-asset classes and create riskmonitoring reports
• Design SQL queries and relational databases to support daily tasksand automate reports
• Manage team that issues intraday/overnight calls and risk limitbreaches to clients, while answering and investigating any inquiriesor disputes
• Calibrate risk systems and reporting for daily monitoring andmanagement reporting packages
• Oversee and manage Stress Testing and 1.73 liquidation reports
• Inspect client performances by evaluating intraday/overnightprofit & losses and stress tests to identify any potentialdangers and present protective measures against price fluctuationsof client positions
• Perform as a backup for daily approval of outgoing wires and ACHs
• Manage and conduct reports on various Exchange Default Management Systems
• Perform other tasks and duties as assigned and required

• Bachelor's Degree from an accredited university, preferably inBusiness Administration or other related field
• Minimum 10+ years of experience in futures, FX, and fixed income
• Strong knowledge and experience in Power, Energy Futures, productsand exchange requirements, standards, and best practices
• Experience with exchange margin tools and ability to produce andanalyze the margin requirements for various exchange marginplatforms such as CME, ICE, Nodal, etc.
• Familiarity with options and understanding of option strategies;experience with energy products with limit setting for contracts,margin, risk and Globex credit limits
• Background in developing and maintaining risk policies, processes,procedures, and standards
• Execute SQL queries and apply knowledge of databaseinfrastructure, with experience using Tableau
• Ability to manage across multiple competing priorities andtime-sensitive initiatives
• Strong ability to work independently, delegate duties and developteam relationships
• Excellent written and verbal communication skills

As part of our overall compensation package, Wedbush Securitiesoffers an array of diverse benefits to all our colleagues. We believethat providing competitive benefit options yields the advantageousreward of establishing a healthy and inclusive foundational work culture.

• Comprehensive medical, dental, and vision coverage with multiplehealth plan options for you and your family
• Health Savings Account with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• 401(k) plan with discretionary, competitive company matching andprofit-sharing contributions
• Tuition reimbursement up to $5,250/year
• 3 weeks of Paid Time Off
• 2 weeks of Paid Sick Time (may vary by location)
• 10 Paid Holidays
• Charitable Donation Matching Contributions
• Paid Leave (Parental Bonding, Military, Jury Duty, Volunteer TimeOff, Disability, etc.)
• FINRA License Sponsorship
• Travel & Employee Assistance and Employee Discount Programs

The reasonable estimate of the compensation range for this role hasnot been adjusted for the applicable geographic location. A reasonableestimate of the current range is $125,000 to $200,000. Colleagues maybe eligible for additional, discretionary incentive compensation basedon the colleague's and the firm's performance. Decisions regardingcompensation are determined on a case-by-case basis and are dependenton a variety of factors including but not limited to skill sets;experience and training; licensure and certifications; and otherbusiness and organizational needs.

Wedbush Securities (WS) is proud to be an Equal EmploymentOpportunity employer. WS does not discriminate based on race,religion, color, creed, sex, sexual orientation, gender, genderidentity or expression, national origin, ancestry, citizenship status,registered domestic partner status, uniform service member status,marital status, pregnancy, age, medical condition, disability, geneticinformation, family care or medical leave status, or any otherconsideration made unlawful by applicable federal, state, or locallaws, or on the basis that an applicant or Colleague is perceived tohave these characteristics or is associated with someone who isperceived to have these characteristics. WS aims to foster a cultureof inclusion where all Colleagues are valued for their uniquecontributions to the firm as well as provided equal opportunities to succeed.

Wedbush uses E-Verify, an Internet-based system, to confirm theeligibility of all newly hired employees to work in the United States.

This position is subject to various laws or regulations that imposerestrictions or prohibitions for employment with Wedbush due tocriminal history. Those laws or regulations include but are notlimited to, the following: Securities Exchange Act of 1934 (SEA) Rule17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.

When you apply for a position with Wedbush, we collect certain information about you.

Your Responsibilities:

• Oversee the development of performance goals and development plans for employees and establish measurements to evaluate team skills in order to assist the team in building skill sets required to support business needs

• Evaluates performance results, completes performance appraisals, and coaches staff on job performance

• Makes ultimate hiring recommendations to Officers Strategic Initiatives:

• Implements and drives strategies that support division and System initiatives

• Communicate strategic initiatives to key stakeholders and senior management within the Bank

• Provides input on strategic decisions that impact the organization

Internal / External Audits:

• Accountable to senior management for results of internal/external audits and Board operations reviews

• Policy Development / Implementation and Work Groups:

• Participates and leads strategically focused System work groups related to operations, application enhancements and testing

• Evaluates and recommends changes in policies, procedures, and practices for the Discount Window, Payments System

• Risk, and/or Reserves senior management and System committees

• Provides direction to staff for their analysis and proposals relating to System projects and work groups

Administrative Responsibilities:

• Responsible for completion of budget planning, budget monitoring, and updating the division scorecard

• Responsible for completion of compliance-related functions (i.e. access reviews, records management)

• Education and Experience:

• Master’s degree or Bachelor’s degree with equivalent experience in Accounting, Business Administration, Finance, or related field

• 7-10 years of direct work-related experience including management or people leadership

Your Background:

• Ability to prioritize and meet deadlines

• Ability to work with / lead a team

• Broad knowledge of banking operations and financial markets as well as the procedures and services of related areas (e.g. Accounting and Supervision and Regulation)

• Strong verbal and written communication skills

• Strong presentation and data analysis skills

• Advanced knowledge of business-related software applications (e.g. create and interpret queries)

• Talent Leadership skills including the ability to provide feedback, coaching and staff development

• Ability to understand and develop high-level strategy while understanding the tactical impact on core operations

• Ability to be persuasive in group settings, clearly share ideas and affect outcomes of local and/or System projects and initiatives

• Ability to adapt and assess operational changes and maintain openness to feedback for continuous improvement

What we offer:

• Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria

• A continuous learning environment with opportunities to gain new skills and grow your career

• The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here:

Location: In office posture: This role is expected to be on-site in the Chicago office.

Other Requirements:

• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

• Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

• This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.

The expected starting salary range for this position is between $189,500 and $224,200 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers ( or through verified Federal Reserve Bank social media channels.

Privacy Notice

Our client, a distinguished global financial services organization, is seeking a seasoned Senior Financial Risk Manager to join their esteemed, fully remote risk management team. This pivotal role involves overseeing the identification, assessment, and mitigation of financial risks across the enterprise, including market risk, credit risk, and operational risk. You will be instrumental in developing and implementing robust risk frameworks, policies, and procedures to safeguard the organization's financial health and ensure regulatory compliance. This is a remote position, offering the flexibility to work from anywhere in the US while contributing to critical risk oversight. The successful candidate will play a key role in shaping the risk appetite and strategy of the firm.

• Develop, implement, and maintain the firm's financial risk management framework, policies, and procedures.
• Identify, assess, and monitor key financial risks, including market risk, credit risk, liquidity risk, and operational risk.
• Conduct stress testing and scenario analysis to evaluate the resilience of the firm's financial position.
• Ensure compliance with relevant regulatory requirements (e.g., Basel III, Dodd-Frank) and internal policies.
• Develop and manage key risk indicators (KRIs) and reporting metrics.
• Collaborate with business units to embed risk management principles into daily operations.
• Prepare comprehensive risk reports for senior management, the board of directors, and regulatory bodies.
• Provide guidance and expertise on risk-related matters to cross-functional teams.
• Stay current with evolving risk management best practices and regulatory landscapes.

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 7 years of progressive experience in financial risk management, preferably within banking or financial services.
• In-depth knowledge of various financial risk types (market, credit, liquidity, operational) and their measurement methodologies.
• Strong understanding of financial regulations and compliance requirements.
• Proven experience in developing and implementing risk management frameworks and policies.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong communication, presentation, and interpersonal skills, with the ability to influence stakeholders.
• Experience with risk management software and tools is a plus.
• Professional certifications such as FRM or CFA are highly desirable.

Our client offers a highly competitive salary, performance-based bonuses, and a comprehensive benefits package. This includes excellent health, dental, and vision insurance, a substantial 401(k) plan with employer match, generous paid time off, and opportunities for professional development and continuing education. As a fully remote role, this position provides unparalleled flexibility and autonomy, allowing you to contribute to global financial risk management from any location within the US.

Our client, a leading financial institution headquartered in downtown Chicago, Illinois , is seeking a seasoned Director of Financial Risk Management. This senior leadership role is responsible for overseeing the enterprise-wide risk management framework, identifying potential risks, and developing strategies to mitigate them. You will play a critical role in shaping the firm's risk appetite and ensuring compliance with regulatory requirements. The position requires a strategic and analytical leader with extensive experience in market risk, credit risk, operational risk, and liquidity risk. You will lead a team of risk professionals, collaborate with business units, and report to senior executives and the board. This is a hybrid role, offering a balance between collaborative office work and remote flexibility, situated in the financial district of Chicago, Illinois .

• Develop, implement, and maintain the firm's comprehensive risk management framework.
• Identify, assess, and monitor key financial risks across the organization, including market, credit, operational, and liquidity risks.
• Design and implement risk mitigation strategies and contingency plans.
• Ensure compliance with all relevant regulatory requirements (e.g., Basel III, Dodd-Frank).
• Lead and mentor a high-performing team of risk management professionals.
• Develop and present risk reports to senior management, the board of directors, and regulatory bodies.
• Collaborate with business units to embed risk management practices into daily operations.
• Conduct stress testing and scenario analysis to evaluate the firm's resilience.
• Stay current with evolving regulatory landscapes and industry best practices in risk management.
• Promote a strong risk-aware culture throughout the organization.

• Advanced degree (MBA, Master's, or Ph.D.) in Finance, Economics, or a related quantitative field.
• 10+ years of progressive experience in financial risk management, with significant leadership responsibilities.
• In-depth knowledge of various risk types (market, credit, operational, liquidity) and relevant regulations.
• Proven experience in developing and implementing risk management frameworks and policies.
• Strong analytical and quantitative skills, with the ability to interpret complex data.
• Excellent leadership, communication, and stakeholder management abilities.
• Experience working with regulatory bodies is highly desirable.
• Proficiency in risk management software and tools.
• Strategic thinking and a proactive approach to risk identification and mitigation.
• CFA, FRM, or PRM certifications are a plus.

Our client offers a highly competitive executive compensation package, including a substantial base salary, significant bonus potential, and long-term incentive awards. Benefits include top-tier health, dental, and vision insurance, a generous 401(k) matching program, executive life insurance, and ample paid time off. We provide robust professional development opportunities, including executive coaching and leadership training. The role is based in Chicago, Illinois , offering access to premier city amenities and a supportive work environment.