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Associate Risk Manager Jobs in Elgin, IL (NOW HIRING)

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138.40K - $207.60K/yr

... or Associate in Risk Management (ARM) desirable • Proficient in Microsoft Word, Excel and PowerPoint • Exceptional interpersonal and analytical abilities including fully developed written and ...

Amrize

Risk Manager, Insurance Programs

Chicago, IL · On-site

Associate in Risk Management Designation (ARM), Certified Risk Manager Designation (CRM), Chartered Property Casualty Underwriter (CPCU) Required Technical Skills: Advanced proficiency in Microsoft ...

Amrize

Risk Manager, Insurance Programs

Chicago, IL · On-site

Associate in Risk Management Designation (ARM), Certified Risk Manager Designation (CRM), Chartered Property Casualty Underwriter (CPCU) Required Technical Skills: Advanced proficiency in Microsoft ...

Swiss Re

Clinical Risk Manager

Schaumburg, IL · Hybrid

$84K - $140K/yr

A background in a Clinical Risk Management position is encouraged but will consider qualified ... Minimum of Associate or Bachelor's degree in nursing with at least 1 year of Stop Loss Nursing ...

Capital One

Principal Risk Associate

Riverwoods, IL

Principal Risk Associates at Capital One are highly motivated Risk Management professionals with excellent organizational and communication skills. They have a high level of exposure across lines of ...

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How much do associate risk manager jobs pay per hour?

As of May 28, 2026, the average hourly pay for associate risk manager in Elgin, IL is $25.12, according to ZipRecruiter salary data. Most workers in this role earn between $17.12 and $29.47 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Associate Risk Manager, and why are they important?

To thrive as an Associate Risk Manager, you need strong analytical abilities, knowledge of risk assessment methodologies, and a bachelor's degree in finance, business, or a related field. Familiarity with risk management software, Microsoft Excel, and relevant certifications such as CRM or FRM are commonly expected. Excellent communication, problem-solving skills, and attention to detail help you collaborate effectively and identify potential risks. These competencies are crucial for identifying, evaluating, and mitigating organizational risks to support informed decision-making and safeguard company assets.

What are some common challenges an Associate Risk Manager faces when collaborating across departments?

Associate Risk Managers often work closely with various departments such as finance, operations, and compliance to identify and mitigate risks. A common challenge is ensuring clear communication and alignment, as different teams may have varying priorities and levels of risk awareness. Successfully navigating these dynamics requires strong interpersonal skills and the ability to translate complex risk concepts into actionable recommendations for non-specialists. Building trust and maintaining open lines of communication are key to fostering effective cross-departmental collaboration.

What does an Associate Risk Manager do?

An Associate Risk Manager is responsible for helping organizations identify, assess, and minimize risks that could impact their operations, finances, or reputation. They work closely with senior risk managers to develop risk management strategies, conduct risk assessments, and implement control measures. Their duties may also include analyzing data, preparing reports, and ensuring compliance with regulatory requirements. This role is often entry-level or early-career, providing foundational experience in risk management practices. Associate Risk Managers play a key role in supporting the overall risk management framework within an organization.

What is the difference between Associate Risk Manager vs Risk Analyst?

AspectAssociate Risk ManagerRisk Analyst
CredentialsBachelor's degree, certifications like CRM or FRM often preferredBachelor's degree, certifications like CRM or FRM beneficial
Work EnvironmentCollaborates with risk management teams, involved in strategy developmentAnalyzes data, assesses risks, supports risk management decisions
Employer & Industry UsageInsurance, banking, corporate risk departmentsFinancial services, insurance, consulting firms

The Associate Risk Manager and Risk Analyst roles share similar credentials and industry usage, but the Associate Risk Manager typically has more involvement in strategic planning and risk mitigation efforts, whereas the Risk Analyst focuses more on data analysis and risk assessment support.

What job categories do people searching Associate Risk Manager jobs in Elgin, IL look for? The top searched job categories for Associate Risk Manager jobs in Elgin, IL are:
What cities near Elgin, IL are hiring for Associate Risk Manager jobs? Cities near Elgin, IL with the most Associate Risk Manager job openings:
Associate Risk Manager jobs near you
Principal Associate, Risk Manager - Issues & Events Management (Hybrid)

Principal Associate, Risk Manager - Issues & Events Management (Hybrid)

Capital One

Chicago, IL • On-site

Full-time

Posted just now

Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 134 frontline employees who took The Breakroom Quiz

74th of 141 rated banks

Job description

Principal Associate, Risk Manager - Issues & Events Management (Hybrid)

As a Principal Risk Specialist within the Card Risk team, you will engage with a team of risk managers, product owners and business leads in delivering flawlessly executed event and issue management.Each issue or event is a self-contained project; it requires analysis of the underlying breakdown, identification of the right solution and ongoing execution to facilitate closure.Since risk events and issues do not happen sequentially, at any given time you will be concurrently managing multiple open items. You will collaborate with smart and passionate leaders to improve Capital One's risk profile while putting the customer first. You will educate and gain buy-in from key stakeholders concerning the health and performance of processes supporting US Card.

We are seeking dedicated, disciplined, risk professionals who excel in a team environment. This individual will have demonstrated that they can improve company processes, resulting in saving time and resources for the company. This individual must be able to effectively communicate and influence partners across the company and across multiple levels of the organization. Strong analytical skills, attention to detail, and the ability to adapt to a dynamic environment are essential to succeeding in this role. This individual must display strong partnership and influence to motivate others in delivering flawless execution of Issue and Event Management.

Specific responsibilities include, but are not limited to:

  • Provide project management for Issue and Event management execution through established processes and standards to mitigate risk to company and ensure optimal customer recovery

  • Partner with Legal and Compliance to deeply understand exposure from breakdowns to provide guidance to the business

  • Guide root cause analysis to ensure the breakdown is fully understood to influence sustainable containment plans in order to prevent similar future breakdowns

  • Coordinate, influence and negotiate priorities with partner dependencies to ensure event goals/timelines are met; escalating when appropriate

  • Streamline interactions with the business related to breakdown enhancement, event progress and process improvement opportunities

  • Support research and problem-solving as needed to support the business

  • Training and development of teammates and others as necessary

  • Establishing strong interaction models and relationships to collaborate with key stakeholders, ensuring delivery of commitments

  • Maintaining performance that aligns with quality and production metrics

A successful candidate will have:

  • A deep understanding of Capital One Enterprise Risk Management Standards, tools, playbooks and systems to document the risk and resolution as required;

  • Demonstrated outstanding communication, relationship building

  • Exceptional collaboration skills necessary for interacting with key stakeholders at all levels across the company to manage, inform, and influence outcomes

  • Strong judgment and critical thinking skills

  • Process and project management experience with excellent organization and planning skills

  • Capacity to deliver quality work, multi-task, and focus on priorities in a dynamic environment

  • Strong problem solving skills

Basic Qualifications:

  • High school diploma, GED or equivalent

  • At least 2 years of Operations, Financial Services Compliance or Risk Management experience

  • At least 2 years of experience in Process Management or Project Management


Preferred Qualifications:

  • Bachelor's Degree or military experience

  • 1+ years of Risk Event management or Issue Management experience

  • 1+ years of analytical experience

  • 3+ years of experience in management of multiple projects concurrently in an autonomous environment

  • 3+ years of risk methodologies and corporate risk practices experience

  • 3+ years of operations management or risk management experience

  • Lean, Agile, Six Sigma, Business Process Management, or Project Management certification


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Chicago, IL: $109,900 - $125,400 for Principal Risk Specialist


McLean, VA: $120,800 - $137,900 for Principal Risk Specialist


Richmond, VA: $109,900 - $125,400 for Principal Risk Specialist









Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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