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

Clear Street

Associate Director, Risk & Margin

Chicago, IL · On-site

$125K - $170K/yr

... Associate Director to join our Risk/ Margin team. This critical role involves overseeing daily ... Manage the daily calculation, issuance, and settlement of margin calls. * Ensure the accurate and ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

With management's "Open Door" policy, every employee has a voice. Everyone helps as FIRST ... The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and ...

Aritzia

Retail Stores - Risk Associate

Rosemont, IL

$15 - $18.25/hr

Risk Associate Our Enterprise Risk Management department is responsible for minimizing loss while respecting people, brand and operations. With a special focus on merchandise security, our Risk ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL

$15.50 - $18.50/hr

Risk Associate Our Enterprise Risk Management department is responsible for minimizing loss while respecting people, brand and operations. With a special focus on merchandise security, our Risk ...

Capital One

Principal Risk Specialist

Riverwoods, IL

$102K/yr

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 ...

Aritzia LP

Retail Stores - Risk Associate

Rosemont, IL · On-site

$15 - $18.25/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia

Retail Stores - Risk Associate

Northbrook, IL

$15.25 - $18.25/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL

$15.50 - $18.50/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia LP

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL

$15.50 - $18.50/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

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All JobsAssociate Risk JobsAssociate Risk Manager JobsAssociate Risk Manager Jobs in Elgin, IL

Associate Risk Manager information

See Elgin, IL salary details

$12

$25

$49

How much do associate risk manager jobs pay per hour?

As of Jun 18, 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 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 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

Director of Risk Management

inlandgroup

Oak Brook, IL

Other

Posted 26 days ago

Job description

The Inland Real Estate Group of Companies, a diversified real estate, investment, and financial services organization, is seeking an experienced Director of Risk Management to lead and advance our enterprise-wide risk management strategy. This is a highly visible, senior-level role with broad exposure to executive leadership and multiple business lines across the organization.

Reporting directly to the Chief Risk Officer, EVP, the Director of Risk Management will oversee complex insurance programs, captive operations, claims management, and key financial and strategic risk initiatives. Inland Risk Management operates as a shared service model, offering the opportunity to collaborate closely with leaders across the firm and influence risk strategy at an enterprise level.

Key Responsibilities
  • Lead the placement, structure, and ongoing management of complex property & casualty insurance programs, including D&O/E&O, Cyber, EPL, Fiduciary, Crime, and Workers’ Compensation.
  • Oversee claims management, ensuring effective resolution and cost control.
  • Manage and grow a single-parent captive insurance program domiciled in Vermont, coordinating with brokers, captive managers, and internal stakeholders to maximize utilization and revenue opportunities.
  • Conduct comprehensive risk assessments and enterprise risk analysis, identifying exposures and developing mitigation strategies.
  • Support and participate in Enterprise Risk Management (ERM) and Environmental, Social & Governance (ESG) initiatives.
  • Develop and execute strategies for collateral recovery, strengthening financial outcomes and reducing losses.
  • Perform risk-related financial forecasting, providing insight and recommendations to support strategic decision-making.
  • Participate in group P&L reviews, analyzing trends, variances, and opportunities for improvement.
  • Serve as a key advisor to leadership on insurance market conditions, coverage optimization, and cost containment.
  • Develop, implement, and maintain risk management policies and procedures in alignment with regulatory and industry best practices.
  • Act as a key member of the Cyber Security Incident Response Team and ESG committee.
  • Lead, mentor, and develop the risk management team, fostering professional growth and continuous improvement.
  • Perform supervisory duties including hiring, performance management, coaching, promotion, and disciplinary actions.
  • Maintain the highest standards of professionalism, integrity, and compliance with all laws, policies, and regulations.
  • Perform other duties as assigned.
Supervisory Responsibility
  • Directly supervises two team members:
    • Administrative Assistant
    • Claims Specialist
Qualifications

Education

  • Bachelor’s degree with a concentration in Risk Management, Finance, or equivalent professional experience required

Experience

  • 10+ years of progressive experience in Risk Management, Claims, Loss Control, Insurance, and Financial Management
  • Demonstrated experience with captive insurance administration (required)

Licenses & Certifications

  • Property & Casualty License – required (or able to obtain within 1 year)
  • ARM (Associate in Risk Management) strongly preferred

Skills & Technical Expertise

  • Expert-level Microsoft Excel skills
  • Proficiency in Microsoft Word and Outlook
  • Experience with RMIS and TPA systems
  • Strong analytical, financial, and problem-solving skills
  • Excellent written and verbal communication abilities
  • Proven leadership skills with the ability to influence across diverse business groups
Why Join Inland
  • High-impact, enterprise-level leadership role
  • Exposure to executive leadership and multiple business platforms
  • Opportunity to shape and grow a sophisticated risk function and captive program
  • Stable, well-established organization with a long-term view

Apply