ZipRecruiter

Log In

1

Benefit Risk Management Services Jobs in Chicago, IL

Wintrust

Risk Management Officer

Rosemont, IL · On-site

... services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

Prime Healthcare

Risk Management Manager

Chicago, IL

$70K - $102K/yr

... new services and systems/ performance measures. EDUCATION, EXPERIENCE, TRAINING 1. Bachelor of ... Resurrection Medical Center offers competitive compensation and a comprehensive benefits package ...

Wintrust

Risk Management Officer

Rosemont, IL · Hybrid

... services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

We pride ourselves on the variety of incentive programs, services, and technology we offer. This ... We offer a competitive salary with a comprehensive benefits package, including medical, dental ...

Wintrust

Risk Management Analyst

Northbrook, IL

We pride ourselves on the variety of incentive programs, services, and technology we offer. This ... We offer a competitive salary with a comprehensive benefits package, including medical, dental ...

Henry Crown & Company

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

Provide consulting services to businesses on E,H,S, insurance and risk management issues ... To see an overview of all our benefits please go to our career portal here. Don't meet every single ...

CC Industries

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

Provide consulting services to businesses on E,H,S, insurance and risk management issues ... To see an overview of all our benefits please go to our career portal here. Don't meet every single ...

Medline

Risk Management Engineer

Northfield, IL

$79K - $119K/yr

Responsible for managing an automated risk-based trending system that will help the organization ... Employee Service Corp. For a more comprehensive list of our benefits please click here. We're ...

Medline

Risk Management Engineer

Northfield, IL

$79K - $119K/yr

Responsible for managing an automated risk-based trending system that will help the organization ... Employee Service Corp. For a more comprehensive list of our benefits please click here. We're ...

Acadia Healthcare

Director of Risk Management

Chicago, IL · On-site

$97.43 - $116.42/hr

Disability benefits * 401(k) Retirement Plan with a company match * Employee Assistance Program ... Responsible for identifying high-risk areas that could cause harm to persons receiving services ...

Sinai Chicago

Director of Risk Management

Chicago, IL · On-site

The Director of Risk Management will collaborate closely with executive leadership, operational ... Benefits Sinai Chicago offers a comprehensive benefits package that may include: * Medical, Dental ...

inlandgroup

Director of Risk Management

Oak Brook, IL · On-site

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 ...

Acadia Healthcare

Director of Risk Management

Chicago, IL · On-site

$97K - $116K/yr

Disability benefits * 401(k) Retirement Plan with a company match * Employee Assistance Program ... Responsible for identifying high-risk areas that could cause harm to persons receiving services ...

Sinai Chicago

Director of Risk Management

Chicago, IL · On-site

The Director of Risk Management will collaborate closely with executive leadership, operational ... Benefits Sinai Chicago offers a comprehensive benefits package that may include: * Medical, Dental ...

next page

Showing results 1-20

All JobsBenefit Risk Management Services JobsBenefit Risk Management Services Jobs in Chicago, IL

Benefit Risk Management Services information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do benefit risk management services jobs pay per year?

As of Aug 18, 2026, the average yearly pay for benefit risk management services in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

What is the difference between Benefit Risk Management Services vs Benefit Risk Analysts?

AspectBenefit Risk Management ServicesBenefit Risk Analysts
Primary RoleProvides comprehensive management of benefit and risk strategies for organizationsAnalyzes and evaluates specific benefit and risk data to support decision-making
CredentialsOften requires certifications like FRM, CRM, or related degreesTypically holds degrees in finance, risk management, or related fields, with certifications like FRM or CRM
Work EnvironmentConsulting firms, corporate risk departments, insurance companiesFinancial institutions, insurance companies, corporate risk teams

Benefit Risk Management Services focus on developing and implementing overall benefit and risk strategies for organizations, often involving consulting and policy development. Benefit Risk Analysts primarily analyze data and assess specific risks and benefits to inform decision-making. While both roles require similar credentials and work in related environments, their scope differs from strategic management to detailed analysis.

What are popular job titles related to Benefit Risk Management Services jobs in Chicago, IL?

For Benefit Risk Management Services jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Benefit Risk Management Services jobs in Chicago, IL look for?

The top searched job categories for Benefit Risk Management Services jobs in Chicago, IL are:

Benefit Risk Management Services jobs near you

Risk Management Officer

Wintrust

Rosemont, IL • On-site

Full-time

Re-posted 19 days ago

Wintrust rating

8.0

Company rating: 8.0 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol "WTFC."
Location:
Job location - Rosemont, IL- Hybrid position with some telecommuting flexibility, but requirement to physically be in Rosemont, IL office three days a week.
Responsibilities:
Provide independent model risk management and support for the VP of Model Risk as follows:
Model Validation
  • Perform independent and comprehensive validation of bank-wide statistical/econometric/ mathematical/qualitative (expert judgment) models for stress testing, asset allocation, valuation and pricing, BSA/AML in compliance with SR 11-7/OCC 2011-12 and Model Risk Management (MRM) policy and procedures.
  • Develop a model validation testing plan commensurate with the model risk tier and perform quantitative and qualitative tests to assess models for conceptual soundness, implementation accuracy, data integrity, and performance accuracy, including back testing, sensitivity analysis, scenario analysis, benchmarking, and governance.
  • Provide effective and meaningful challenge during the following processes of model validation: Review of conceptual soundness; Review adequateness of modeling data; Materiality analysis of model assumptions and limitations; Review of model theoretical framework and design; Review of model performance.
  • Review of Model Documentation to ensure compliance with regulation/policy. Model documentation review should consist, amongst others, the following: Assessing the quality of model documentation; Reviewing documentation of developmental evidence; Review documentation of model governance; Review testing results in the model methodology document.
  • Design and execute a comprehensive and granular program for the following: Data Validation; Model theoretical framework and design; Assumptions and Limitations testing; Model

Conceptual soundness; Back-testing; Model Effectiveness Testing, Sensitivity Analysis; and Benchmarking for material portfolios.
  • Perform ongoing monitoring of all the models in line with the validation calendar and monitor the performance of those models through statistical tests. Evaluate the model adjustments, such as overlays and buffers, wherever applicable.

Ongoing Process Management, Enhancement and Updates
  • Contribute to enhancing current processes for model validation.
  • Manage activities related to model governance and assist VP model risk management in creating reports for the senior management, executive management, risk committees, and regulatory exams.
  • Manage and update model risk policies, standards, and procedures continually to ensure compliance with both management and regulatory requirements. Assist VP- MRM in the growth and maturation of the model risk management framework.
  • Use the MRM Model Validation tool to perform model validation activities. Assists in the annual model certification process and maintain status updates from the model owners. Maintain and update the model inventory. Maintain status updates and facilitate resolution/escalations of issues in a timely fashion.

Stakeholder Management
  • In collaboration with the VP of Model Risk Management, interfaces with key stakeholders throughout the validation process to discuss the justification and reasoning behind validation and review findings.
  • In collaboration with VP, Model Risk Management, determine whether the response and remediation plan received from model owners and users in response to a finding adequately addresses the findings. Follow up with model owners to ensure findings are remediated in a timely manner.

AI and Risk Management Framework.
  • Execute a robust model risk management framework in line with industry best practices and expectations. Assist VP-MRM is executing the AI and Machine Learning risk management framework.

Others
  • Assist in special ad-hoc projects

Requirements:
Master's degree in Applied Economics, Statistics, Mathematics, Data Science or related field plus 2 years of related work experience.
The position requires experience in all of the following:
  • 2 years of experience working with financial products and associated risk management.
  • 2 years of experience with quantitative modeling in the financial industry using financial and economic data.
  • 2 years of experience in data handling skills using advanced statistical and numerical methods.
  • 2 years of experience with MS Office applications such as Word, Excel and PowerPoint to generate high-quality management reports.
  • 2 years of experience working with a changing regulatory environment, such as the OCC2011-12 guidance.
  • 2 years of experience with SAS and Python for statistical modeling and data handling.
  • 2 years of experience with one or more of the following (R, SQL, MATLAB, VBA)

Compensation
The estimated salary for this role is $101,949.99, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

What Wintrust employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply