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

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 Risk Manager

Lisle, IL · On-site

$138K - $207K/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 ...

A Brief Overview The Associate Claims and Risk Manager reports to the Senior Vice President of Risk Management and is responsible for claims management (50%) and risk and insurance program ...

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Associate Risk Manager information

See Lombard, 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 Lombard, IL is $25.01, according to ZipRecruiter salary data. Most workers in this role earn between $17.02 and $29.33 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 cities near Lombard, IL are hiring for Associate Risk Manager jobs? Cities near Lombard, IL with the most Associate Risk Manager job openings:
Senior Associate Risk Manager

Senior Associate Risk Manager

Capital One

Riverwoods, IL • On-site

Full-time

Posted 13 days ago


Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 135 frontline employees who took The Breakroom Quiz

73rd of 141 rated banks


Job description

Senior Associate Risk Manager

Are you ready to lead from the front line of a top 10 bank? Do you thrive in a high-visibility environment where your strategic relationship-building translates directly into innovative risk solutions? As a Senior Risk Associate at Capital One, you won't just monitor risk-you will partner with business leaders to actively shape our defense strategies, ensuring the company remains stable, resilient, and profitable.

We are seeking highly motivated Risk Management professionals who blend sharp organizational prowess with exceptional communication skills. In this role, you will enjoy significant exposure across multiple lines of business, empowering you to design, champion, and implement progressive frameworks that safeguard our enterprise.

Responsibilities:

  • Strategic Risk Consulting: Serve as a trusted advisor to core business areas, providing tailored guidance and proactive risk mitigation strategies relative to their specific business lines.

  • Stakeholder & Client Management: Cultivate, leverage, and sustain key executive relationships across the enterprise to foster deep collaboration and break down silos.

  • Reporting Excellence: Own, enhance, and execute internal and external reporting processes, ensuring flawless documentation that aligns with complex regulatory and internal expectations.

  • Framework Alignment: Map and adjust localized business processes to seamlessly align with overarching Capital One corporate requirements and risk frameworks.

  • Governance Documentation: Author, review, and continuously refine critical governance documents, including policies, standards, procedures, and operational guidelines.

  • Tool & Method Development: Design and optimize risk management processes, tools, templates, and job aids. Craft and deliver high-impact presentations to train and guide teams on risk methodology usage.

  • Cross-Functional Collaboration: Partner effectively with specialized teams across the enterprise-including Operational Risk Management, Enterprise Risk Management, Compliance, Business Risk Offices, Information Technology, Basel Program, Internal Audit, and Regulatory Relations-to achieve unified risk objectives.

Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 1 year of experience in project or process management

Preferred Qualifications:

  • At least 2 years of experience in project or process management

  • At least 1 year of experience in Risk Management

  • At least 2 years of experience creating and delivering executive-level presentations and communications

  • At least 1 year of experience leading organizational change management

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.

Riverwoods, IL: $87,700 - $100,100 for Sr. Risk Associate











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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