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Builders Risk Insurance Jobs in Manhattan, IL (NOW HIRING)

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Build dashboards and deliver risk reporting to senior stakeholders * Provide actionable insights to ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Fifth Third

Senior Wealth Strategist

Chicago, IL · On-site

$125K - $161K/yr

... risk, insurance, and cash flow planning disciplines. * Research & Modeling: Identify planning ... Build referral relationships with internal partners and external centers of influence such as ...

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All JobsBuilders Risk Insurance JobsBuilders Risk Insurance Jobs in Manhattan, IL

Builders Risk Insurance information

See Manhattan, IL salary details

$86.2K

$126.9K

$194.3K

How much do builders risk insurance jobs pay per year?

As of Aug 19, 2026, the average yearly pay for builders risk insurance in Manhattan, IL is $126,927.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,500.00 and $144,200.00 per year, depending on experience, location, and employer.

What is the difference between Builders Risk Insurance vs Construction Project Manager?

AspectBuilders Risk InsuranceConstruction Project Manager
Primary RoleProvides property insurance coverage for construction projects during developmentOversees planning, execution, and completion of construction projects
Required CredentialsInsurance licenses, knowledge of construction risksConstruction management certifications, experience in project oversight
Work EnvironmentInsurance companies, construction sites, risk assessment settingsConstruction sites, offices, client meetings
Industry UsageInsurance providers, construction firms, brokersConstruction companies, general contractors, developers

While Builders Risk Insurance focuses on insuring construction projects against risks like damage or theft, Construction Project Managers coordinate and oversee the entire construction process. Both roles are integral to construction projects but serve different functions—one manages risk coverage, the other manages project execution.

What job categories do people searching Builders Risk Insurance jobs in Manhattan, IL look for?

The top searched job categories for Builders Risk Insurance jobs in Manhattan, IL are:

What cities near Manhattan, IL are hiring for Builders Risk Insurance jobs?

Cities near Manhattan, IL with the most Builders Risk Insurance job openings:

Builders Risk Insurance jobs near you
Infographic showing various Builders Risk Insurance job openings in Manhattan, IL as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 21% Part Time, 1% Temporary, 4% Contract, and 1% Nights. Highlights an 94% Physical, 3% Hybrid, and 3% Remote job distribution, with an average salary of $126,927 per year, or $61 per hour.

Hedge Fund Risk Manager

Northern Trust

Chicago, IL • On-site

$80K - $133K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 4 days ago

Northern Trust rating

8.2

Company rating: 8.2 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

Job description

About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Role Overview
We are seeking an experienced Risk Manager to join our investment team and oversee risk across a diversified portfolio of external hedge fund managers. This role focuses on portfolio-level risk aggregation, manager-level due diligence, and forward-looking risk analytics to support investment decision-making.
The ideal candidate will act as a strategic partner to the investment team, providing actionable insights on portfolio construction, diversification, and downside risk management.
Essential Duties and Responsibilities
Portfolio Risk Oversight
  • Monitor and aggregate risk exposures across underlying hedge funds by strategy, asset class, and geography
  • Assess market, liquidity, concentration, leverage, and tail risks
  • Ensure alignment with risk budgets and investment objectives
Manager Risk Assessment
  • Conduct risk-focused due diligence on hedge fund managers
  • Evaluate strategy risk, leverage, derivatives use, and drawdowns
  • Challenge portfolio construction and hedging assumptions
Risk Analytics & Reporting
  • Maintain VaR, stress testing, and scenario analysis models
  • Build dashboards and deliver risk reporting to senior stakeholders
  • Provide actionable insights to investment decision-makers
Liquidity & Capital Planning
  • Assess liquidity terms including lockups and gates
  • Monitor portfolio liquidity vs investor redemption terms
  • Run stress scenarios for market dislocation events
Portfolio Construction Support
  • Advise on allocation sizing and diversification
  • Identify hidden correlations and portfolio risks
  • Support investment decisions with forward-looking risk views
Ongoing Monitoring & Surveillance
  • Track risk metrics regularly
  • Identify early warning signals such as style drift or anomalies
  • Participate in ongoing manager monitoring
Qualifications
Necessary Experience and Education
  • 3 - 5 years in hedge fund risk management, fund of funds, asset management, risk management or related roles.
  • Bachelor's degree in Finance, Economics, Mathematics, or related field. CFA or FRM preferred.
Necessary Technical Skills
  • Strong understanding of hedge fund strategies
  • Expertise in VaR, stress testing, and risk modeling
  • Prior experience with MSCI RiskMetrics
  • Proficiency in Excel, Power BI, or SQL
Necessary Core Competencies
  • Strong analytical and quantitative skills
  • Ability to interpret limited transparency data
  • Excellent communication and stakeholder management
  • High attention to detail
Salary Range:
$80,800 - 133,400 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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