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

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 ...

Old National Bank

Third Party Risk Lead

Chicago, IL · On-site

$165K/yr

... risk management expectations. Key Competencies for Position People Leadership: * Coach & Empower Others: Provides timely feedback, support, and guidance to encourage and support associates to ...

Prime Healthcare

Risk Management Manager

Chicago, IL · On-site

$70K - $102K/yr

EDUCATION, EXPERIENCE, TRAINING 1. Bachelor of Science in Nursing or healthcare related field preferred. 2. Fellow or Diplomat of American Society of Healthcare Risk Managers Associate in Risk ...

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How much do associate risk manager jobs pay per hour?

As of Jul 9, 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.

Do risk managers make good money?

Risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual salaries range from $70,000 to over $120,000, with higher earnings possible for those with advanced certifications like the CRM or FRM. The role often requires strong analytical skills and knowledge of risk assessment tools.

How much does a risk manager get paid?

The average salary for an associate risk manager typically ranges from $60,000 to $100,000 annually, depending on experience, industry, and location. Entry-level positions may start lower, while experienced risk managers with certifications like FRM or CRM can earn higher salaries, often supplemented with bonuses and benefits.

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 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 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 highest salary for a risk manager?

The highest salaries for associate risk managers can reach over $120,000 annually, especially for those with extensive experience, specialized certifications, or working in high-demand industries. Senior risk managers or those in leadership roles can earn significantly higher, often exceeding $150,000 to $200,000 per year.

What is an associate risk manager?

An associate risk manager is an entry-level or junior professional responsible for assisting in identifying, assessing, and mitigating risks within an organization. They often support senior risk managers by analyzing data, preparing reports, and implementing risk management strategies, typically requiring knowledge of risk assessment tools and relevant certifications such as CRM or FRM.
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
Asset & Wealth Management- Chicago- Associate, Risk Governance - 9797265

Asset & Wealth Management- Chicago- Associate, Risk Governance - 9797265

Goldman Sachs

Chicago, IL • On-site

Other

This job post has expired today. Applications are no longer accepted.

Goldman Sachs rating

8.2

Company rating: 8.2 out of 10

Based on 26 frontline employees who took The Breakroom Quiz

40th of 146 rated banks

Job description

Job Duties: Associate, Risk Governance with Goldman Sachs Bank USA in Chicago, Illinois. Lead controls design on new products by reviewing process documentation (such as process maps, procedures, and product briefs) to document existing controls and identify additional controls that mitigate risks and improve processes (such as automation and detective reporting). Oversee control implementation by working with stakeholders to socialize control recommendations and then track implementation of the controls. Build out presentations to clearly communicate risks and controls gaps to executives across business areas. Proactively identify potential business risks, process deficiencies and improvement opportunities. Gather and synthesize data to define control design requirements and execute on getting those requirements prioritized and implemented. Lead cross-functional project management efforts across the team. Head continuous control framework monitoring, improvements, and evolution to meet changing requirements to support maximum visibility to the executive audience. Transition processes, risks, controls, and related data from excel to more intuitive, faster, and easier tools. Design and project key metrics for the business to proactively monitor and assess control performance such as KCIs, KRIs. Work closely with compliance to map regulatory requirements to specific processes and controls. Maintain effective communication with other teams to determine root cause of errors and shepherd the implementation of control specific corrective actions related to non-compliance with policies and procedures. Contribute to executive reporting and other data-driven deliverables, with a focus on providing appropriate content, context, and structure in a precise and timely manner. Automate controls reporting related activities by leveraging Excel Macros to save critical time. Train and lead new joiners to help accommodate them into their new roles.

Job Requirements: Master's degree (U.S. or foreign equivalent) or Bachelor's degree (U.S. or foreign equivalent) in Economics, Finance, Enterprise Risk Management, Financial Economics, Accounting or related field and one (1) year of experience (with a Master's) or three (3) years of experience (with a Bachelor's) in the job offered or in a related role. Prior employment must include one (1) year of experience (with a Master's) or three (3) years of experience (with a Bachelor's) with: root Cause Analysis; building reports and presentations using Excel and PowerPoint; risk assessment, inherent and residual risk; ERM Frameworks and reviewing policies and standards; controls, such as documenting and assessing; issues management their alignment to controls; project management, analytical and research skills; knowledge of data analysis techniques, including data manipulation and aggregation; proficiency in Data Visualization Tool, Tableau; and designing and creating visualizations for business performance analysis.

Salary Range: Annual base salary for this Chicago, Illinois -based position $93,000 - $123,000. May be eligible for a bonus at fiscal year-end.  See benefits summary here: https://www.goldmansachs.com/careers/discover/benefits-summary-US.pdf

The Goldman Sachs Group, Inc., 2026. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran status, disability, or any other characteristic protected by applicable law.

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About Goldman Sachs

Sourced by ZipRecruiter

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1869

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