Risk Modeling Senior Manager Salary in Chicago, Illinois

How much does a Risk Modeling Senior Manager make in Chicago, IL? The average Risk Modeling Senior Manager salary in Chicago, IL is $183,594 as of April 27, 2020, but the range typically falls between $157,372 and $208,005. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

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Job Description

Oversees the strategic business analysis modeling activities involved in an organization's credit risk management function. Develops and evaluates systems associated with controlling credit risk. Determines strategies and policies that maximize profits and asset growth, and minimize credit and operating losses and other risk exposure. Requires a bachelor's degree. Typically reports to top management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2020 Salary.com)

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Understand the total compensation opportunity for a Risk Modeling Senior Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
157372
208005
183594

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
170852
268345
220345
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Risk Modeling Senior Manager in Chicago, IL. The base salary for Risk Modeling Senior Manager ranges from $157,372 to $208,005 with the average base salary of $183,594. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $170,852 to $268,345 with the average total cash compensation of $220,345.
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157372
208005

 

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Job Openings for Risk Modeling Senior Manager in Chicago, IL