1

Associate Risk Management Jobs in Illinois (NOW HIRING)

Senior Associate, Risk Consulting (Insurance)

Chicago, IL · On-site

$15.50 - $18.50/hr

Key Responsibilities As a Senior Associate in the Financial Services Risk Consulting (Insurance ... Manage projects to successful completion through clear communication, expectation setting with ...

Senior Associate, Risk Consulting (Insurance)

Chicago, IL · On-site

$15.50 - $18.50/hr

Key Responsibilities​ As a Senior Associate in the Financial Services Risk Consulting (Insurance ... Manage projects to successful completion through clear communication, expectation setting with ...

Risk Manager

Chicago, IL · On-site

$100K - $150K/yr

Professional certifications such as Associate in Risk Management (ARM) or Certified Risk Manager (CRM) or similar. * Demonstrable experience using and leveraging AI tools to enhance business ...

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

Professional certifications such as Associate in Risk Management (ARM) or Certified Risk Manager (CRM) or similar. * Demonstrable experience using and leveraging AI tools to enhance business ...

Senior Auditor - Risk Management

Chicago, IL · On-site

$83K - $102K/yr

Senior Auditor - Risk Management Capital One's Audit function is a dedicated group of professionals ... This role is hybrid meaning associates typically spend 3 days per week in-person at one of our ...

Senior Auditor - Risk Management

Chicago, IL · On-site

$83K - $102K/yr

Senior Auditor - Risk Management Capital One's Audit function is a dedicated group of professionals ... This role is hybrid meaning associates typically spend 3 days per week in-person at one of our ...

Senior Auditor - Risk Management

Riverwoods, IL · On-site

$84K - $103K/yr

Senior Auditor - Risk Management Capital One's Audit function is a dedicated group of professionals ... This role is hybrid meaning associates typically spend 3 days per week in-person at one of our ...

Senior Auditor - Risk Management

Riverwoods, IL · On-site

$84K - $103K/yr

Senior Auditor - Risk Management Capital One's Audit function is a dedicated group of professionals ... This role is hybrid meaning associates typically spend 3 days per week in-person at one of our ...

next page

Showing results 1-20

Associate Risk Management information

See Illinois salary details

$48.5K

$105.9K

$177.3K

How much do associate risk management jobs pay per year?

As of Jul 12, 2026, the average yearly pay for associate risk management in Illinois is $105,928.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,700.00 and $137,600.00 per year, depending on experience, location, and employer.

Is risk management a good career?

Risk management is a viable career that involves identifying, assessing, and mitigating potential threats to an organization. It often requires strong analytical skills, knowledge of industry regulations, and certifications such as CRM or FRM. The field offers opportunities across various industries with steady demand and potential for advancement.

What are the key skills and qualifications needed to thrive in the Associate Risk Management position, and why are they important?

To thrive as an Associate Risk Management professional, you typically need a bachelor's degree in business, finance, or a related field, strong analytical abilities, and attention to detail. Familiarity with risk assessment software, data analysis tools like Excel, and industry certifications such as FRM (Financial Risk Manager) are common technical requirements. Excellent communication, problem-solving, and teamwork skills help you effectively collaborate and present risk findings. These skills ensure accurate risk evaluation, effective mitigation strategies, and support sound decision-making within the organization.

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or risk management director, with salaries exceeding $200,000 annually. These roles typically require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills in financial or corporate environments.

What is an associate in risk management?

An associate in risk management is an entry-level or junior professional responsible for supporting risk assessment, analysis, and mitigation efforts within an organization. They often assist with data collection, risk reporting, and implementing risk management strategies, and may work under the supervision of senior risk managers or analysts. Relevant skills include knowledge of risk assessment tools, industry regulations, and certifications such as CRM or FRM can enhance career prospects.

What is a risk management associate job description?

A risk management associate analyzes and identifies potential risks that could affect an organization’s assets, operations, or reputation. They develop strategies to mitigate or manage these risks, often using tools like risk assessment software and adhering to industry standards. Strong analytical skills, attention to detail, and knowledge of risk management principles are essential for this role.

What does an Associate Risk Management professional do?

An Associate Risk Management professional helps identify, assess, and mitigate potential risks that could impact an organization's financial, operational, or strategic objectives. They analyze data, monitor risk exposure, and assist in developing risk management strategies. Their role often involves collaborating with different departments to ensure compliance with policies and regulations. Additionally, they may prepare reports and provide recommendations to improve risk management practices.

What are some typical challenges faced by an Associate Risk Management professional, and how do they contribute to the team?

An Associate Risk Management professional often encounters challenges such as analyzing complex data from multiple sources, keeping up with evolving regulations, and effectively communicating potential risks to various stakeholders. You will regularly collaborate with colleagues in legal, compliance, and business units to ensure that risks are identified and addressed proactively. These challenges foster a culture of continuous learning and improvement, allowing you to play a key role in minimizing potential losses and enhancing the organization's overall stability. Overcoming these obstacles helps you develop critical thinking and adaptability, which are highly valued for future career growth in the field.

What are the most commonly searched types of Risk Management jobs in Illinois? The most popular types of Risk Management jobs in Illinois are:
What job categories do people searching Associate Risk Management jobs in Illinois look for? The top searched job categories for Associate Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Associate Risk Management jobs? Cities in Illinois with the most Associate Risk Management job openings:
Infographic showing various Associate Risk Management job openings in Illinois as of July 2026, with employment types broken down into 1% As Needed, 73% Full Time, 24% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $105,928 per year, or $50.9 per hour.
Senior Associate, Risk Consulting (Insurance)

Senior Associate, Risk Consulting (Insurance)

RSM

Chicago, IL • On-site

$15.50 - $18.50/hr

Full-time

Re-posted 9 days ago


Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.

The Position

Due to rapid growth of our Financial Services Risk Consulting practice within the insurance industry and the evolving risk landscape of our clients, RSM is seeking a highly motivated senior consultant to lead teams of risk consulting professionals in addressing our clients' needs.

Key Responsibilities

As a Senior Associate in the Financial Services Risk Consulting (Insurance) practice at RSM, you'll be asked to consistently:

  • Model the core RSM values of respect, integrity, teamwork, excellence and stewardship in all interactions with clients and team members
  • Demonstrate your ability to:
    • Provide subject-matter expertise in risk consulting strategies and internal controls
    • Lead client engagement activities through the project lifecycle from initiation to close-out, including conducting risk assessments and client walkthroughs, preparing and reviewing work product, helping with process redesign and preparing client deliverables
    • Manage projects to successful completion through clear communication, expectation setting with stakeholders, deadline management, and within applicable resource and economic requirements.
    • Support multiple client projects simultaneously, while actively contributing to internal initiatives such as talent, practice, and business development
    • Leverage your understanding of the insurance industry and trends to effectively communicate leading risk management practices as your clients' trusted advisor
    • Communicate effectively with your internal management team and develop executive presence through interactions with senior management within RSM and our clients
    • Support our people - work collaboratively with others and provide on the job training to develop team members
    • Support our clients - conduct yourself in a professional manner and develop meaningful relationships with client personnel in order to maximize client value

Position Qualifications

  • Bachelor's or Master's Degree in business, accounting, engineering or related discipline.
  • A minimum of 2 years of experience working in the insurance industry as an internal auditor, controls specialist, claims specialist, underwriting specialist, management consultant with a minimum of 1 year at a public accounting or professional services firm.
  • Experience with leading projects across the three lines of defense and with various lines of business (e.g. CFO group, operations (claims, product, underwriting, actuarial) data, technology, regulatory compliance, risk management, internal audit)
  • Proficiency in word processing, spreadsheet, and presentation creation tools
  • Job relevant certification (e.g., ARM, CRM, CPA, CIA, CFE, PMP) preferred
  • Ability to travel to meet client needs.
  • Established experience in the financial services industry with a focus on insurance

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $77,700 - $146,900

Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.