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Associate Risk Management Jobs in O Fallon, IL (NOW HIRING)

... day management of associates who are responsible for all operational functions related to margin, including margin calculations, collateral management, and risk monitoring. This role ensures ...

... day management of associates who are responsible for all operational functions related to margin, including margin calculations, collateral management, and risk monitoring. This role ensures ...

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Associate Risk Management information

See O Fallon, IL salary details

$46.6K

$102K

$170.7K

How much do associate risk management jobs pay per year?

As of Jun 19, 2026, the average yearly pay for associate risk management in O'Fallon, IL is $101,969.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,000.00 and $132,500.00 per year, depending on experience, location, and employer.

Is risk management high paying?

Risk management professionals, including those in associate roles, often earn competitive salaries that vary by industry, location, and experience. Entry-level positions typically have lower pay, but with experience and certifications like FRM or CRM, salaries can increase significantly, making risk management a potentially lucrative career path.

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 an associate in risk management?

An associate in risk management is an entry-level or junior professional responsible for assisting in identifying, assessing, and mitigating risks within an organization. They often support risk analysis, data collection, and reporting, and may work under the supervision of senior risk managers. Relevant skills include knowledge of risk assessment tools and certifications like the Associate in Risk Management (ARM) designation.

What is the salary of risk management associate in EY?

The salary for a Risk Management Associate at EY typically ranges from $60,000 to $80,000 annually, depending on experience, location, and education. Entry-level positions may start lower, while experienced professionals or those in high-cost areas can earn higher compensation. Benefits often include professional development opportunities and exposure to risk assessment tools.

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 data analysis, risk assessment tools, and industry standards. The role typically requires strong analytical skills, attention to detail, and knowledge of risk management frameworks or certifications.

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 cities near O'Fallon, IL are hiring for Associate Risk Management jobs? Cities near O'Fallon, IL with the most Associate Risk Management job openings:
Infographic showing various Associate Risk Management job openings in O'Fallon, IL as of June 2026, with employment types broken down into 85% Full Time, and 15% Part Time. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $101,969 per year, or $49 per hour.
Risk Adjustment Business Development Manager

Risk Adjustment Business Development Manager

Elevance Health

Saint Louis, MO • Hybrid

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago


Elevance Health rating

7.8

Company rating: 7.8 out of 10

Based on 334 frontline employees who took The Breakroom Quiz

165th of 261 rated insurance


Job description

Location: Indianapolis IN, Mason OH, Atlanta GA, Tampa FL, Grand Prairie TX, Louisville KY, St. Louis MO

Hours: Standard Working hours

Travel: This role requires associates to be in-office 1 - 2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.


Position Overview:

Responsible for leading the development of new business plans/strategies for Government Business Risk Adjustment initiatives. Responsibilities will include Medicaid specific risk adjustment and specialty revenue assignments; Medicare Advantage [Duals] vendor interaction; risk adjustment program enhancement; and all Revenue initiatives.

How You Will Make an Impact:

  • Responsibilities include but are not limited to: Medicaid Risk methodology letters; Rate Cell Methodology letters; Risk adjustment scores analysis and scores documentation accuracy; state specific CDPS models; creation of advanced programs to address risk score accuracy; competitor intelligence.

  • Leads the analysis of current and projected product lines to determine optimal business strategy

  • Oversees research, analysis and the development of recommendations on the external environment as part of the development of strategic business plans

  • Analyzes major competitor strategies. Identifies and monitors changing patterns of competition and recommends response

  • Acquires and maintains data/information on market, industry, economic, consumer and competitive conditions and trends pertaining to health insurance/managed care and related services

  • Consolidates data, analyses and recommendations into concise business plans

  • Develops and implements project plans and oversees project resources

  • Leads the activities of lower level staff performing related functions

Required Qualifications:

  • Requires a BA/BS degree and a minimum of 5 years of related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Qualifications:

  • Medicaid and Medicare Experience is a must have

  • Healthcare Risk Adjustment experience strongly preferred

  • Vendor Management experience preferred

  • Strong communication skills with various levels of organization preferred

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.


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About Elevance Health

Sourced by ZipRecruiter

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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