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Associate Risk Manager Jobs in Oak Brook, IL (NOW HIRING)

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services. The Risk ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL

$81K - $135K/yr

The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services. The Risk ...

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 ...

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Associate Risk Manager information

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How much do associate risk manager jobs pay per hour?

As of Aug 16, 2026, the average hourly pay for associate risk manager in Oak Brook, IL is $25.65, according to ZipRecruiter salary data. Most workers in this role earn between $17.45 and $30.10 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an associate risk manager?

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 Oak Brook, IL are hiring for Associate Risk Manager jobs?

Cities near Oak Brook, IL with the most Associate Risk Manager job openings:

Associate Risk Manager jobs near you
Infographic showing various Associate Risk Manager job openings in Oak Brook, IL as of June 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $53,350 per year, or $25.6 per hour.

Supervisor, Risk Consulting (Insurance)

RSM Global

Chicago, IL • On-site

Full-time

Re-posted 13 days ago

Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.
The Position
As a Supervisor in RSM's growing Financial Services Risk Consulting Practice, you will have the opportunity to draw from your experience and knowledge while continuing to grow your leadership skills through a high degree of client and industry exposure, career development and mentorship opportunities, and a diverse and inclusive culture. The fast-paced and dynamic environment in which we operate will provide you with daily challenges and exciting opportunities.
Key Responsibilities
Contributions to Firm Culture
  • Model the core RSM values of respect, integrity, teamwork, excellence and stewardship in all interactions with clients and team members
  • Lead teams in identifying out of the box solutions to complex issues. Encourage innovative thinking from seniors and associates
  • Support RSM's goals around diversity and inclusion by nurturing an environment that understands individuality, promotes authenticity, and values varied perspective in arriving at solutions

Client Experience
  • Identify current and relevant insurance industry thought leadership and incorporate this into client service
  • Leverage your understanding of the insurance industry and trends to effectively communicate leading risk management practices as your clients' trusted advisor
  • Independently implement and coach others on foundational industry policies, procedures, and work-programs
  • Own process level client relationships and collaboration with external stakeholders
  • Draft test plans or work programs for review by senior members of the team
  • Create/review narratives or flowcharts for a process
  • Identify and review all risks and controls for a process as needed
  • Perform review of staff work for accuracy, completeness, and well-reasoned conclusions
  • Manage budgets and provide accurate analysis of estimates to complete to engagement leader
  • Master and accurately explain or apply the following: IIA Professional Standards, Internal Methodology, Insurance Industry specific guidelines/requirements (as applicable)
  • Have the ability to support multiple client projects simultaneously, while actively contributing to other firm initiatives
  • Participate in relevant insurance industry associations and events to develop and/or maintain industry focus and relationships

Talent Experience
  • Encourage colleagues to think creatively, strive for growth through development opportunities, and maximize results while working within a team environment
  • Proactively seek out opportunities to learn from or teach team members, build a coaching/mentoring network and take advantage of training opportunities to continually expand skills and demonstrate leadership capability
  • Maintain willingness to give and receive candid feedback in both written and verbal form. Commit to self-development in response to constructive feedback received.
  • Provide assistance, guidance, mentoring and feedback to staff assigned to work with you
  • Support recruiting efforts by understanding and promoting the RSM brand and developing the ability to accurately assess talent

Business Development
  • Actively participate in relevant insurance industry associations and events
  • Build an internal network and actively demonstrate familiarity with other services provided by the firm
  • Contribute to new pursuits by teaming and developing proposals
  • Identify new client opportunities or identify subject matter resources to introduce to existing client relationships

Position Qualifications
  • Bachelor's or Master's Degree in business, engineering, accounting or related discipline.
  • Minimum of 4 years of experience in insurance, audit, internal audit or related internal control positions
  • Proficiency in professional writing, spreadsheet, and presentation creation tools
  • Job relevant certification (e.g., ARM, CRM, CPA, CIA) preferred
  • Ability to travel to meet client needs and work collaboratively with others in-person and remotely
  • Effective communication skills, both verbally and in writing
  • Effective time management and prioritization skills
  • Established experience in the insurance industry (claims, product, underwriting, distribution, etc.)

At RSM, we offer a competitive benefits and compensation package for all our people. We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients. Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.
All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership. RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.
RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.
RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.
At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.
Compensation Range: $88,900 - $168,300
Individuals selected for this role will be eligible for a discretionary bonus based on firm and individual performance.
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About RSM International

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RSM International is a leading global network of audit, tax, and consulting firms. Headquartered in Chicago, Illinois, US, the firm focuses on providing an exceptional range of professional services to empower clients to move forward with confidence. RSM International was established in 1964 and has since grown to encompass firms in more than 120 countries. The firm's mission is guided by a deep understanding of what clients need to help drive their businesses forward, combined with the international reach of RSM firms worldwide.

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Chicago, IL, US

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