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Business Risk Control Manager Jobs in Chicago, IL

Reporting to the Operational Risk Manager within the Risk Assurance organization, this team partners across the business to support risk assessments, control testing, incident reviews, and continuous ...

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on ... business. Risk at IMC is deeply integrated with trading-we don't operate as a separate control ...

Reporting to the Operational Risk Manager within the Risk Assurance organization, this team partners across the business to support risk assessments, control testing, incident reviews, and continuous ...

Showing results 41-60

Business Risk Control Manager information

See Chicago, IL salary details

$51K

$103.6K

$206.5K

How much do business risk control manager jobs pay per year?

As of Sep 13, 2026, the average yearly pay for business risk control manager in Chicago, IL is $103,593.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,100.00 and $120,000.00 per year, depending on experience, location, and employer.

What is a business risk control manager?

Business Risk Control Managers are professionals responsible for identifying, assessing, and mitigating risks that could impact an organization's operations or reputation. They develop and implement risk management policies, monitor compliance with regulations, and coordinate with other departments to ensure effective internal controls. Their work helps companies avoid financial losses, legal issues, and operational disruptions by proactively addressing potential threats.

What are the key skills and qualifications needed to thrive as a business risk control manager?

To thrive as a Business Risk Control Manager, you need expertise in risk assessment, regulatory compliance, and internal controls, often supported by a degree in finance, business, or a related field. Familiarity with risk management software, GRC (Governance, Risk, and Compliance) platforms, and relevant certifications like CRMA or FRM is highly beneficial. Strong analytical thinking, leadership, and communication skills are crucial for effectively guiding teams and influencing risk-aware decision-making. These skills ensure that organizations proactively identify and mitigate risks, maintaining compliance and safeguarding business operations.

What are some common challenges a business risk control manager faces when implementing new risk management frameworks within an organization?

Business Risk Control Managers often encounter challenges such as gaining buy-in from multiple stakeholders, aligning risk controls with diverse business units, and keeping up with evolving regulatory requirements. Navigating organizational resistance to change and ensuring consistent communication across departments are also common hurdles. Successful managers proactively engage with teams, provide clear training, and use data-driven approaches to demonstrate the value of new frameworks, helping facilitate smoother adoption and compliance.

What is the difference between Business Risk Control Manager vs Risk Analyst?

AspectBusiness Risk Control ManagerRisk Analyst
CredentialsCertifications like CRM, FRM, or CRC; relevant degrees in finance, risk management, or businessCertifications such as FRM, PRM; degrees in finance, economics, or related fields
Work EnvironmentCorporate risk departments, financial institutions, large corporationsFinancial firms, consulting agencies, corporate risk teams
Employer & IndustryBanking, insurance, finance, large corporationsFinancial services, consulting, corporate sectors

The Business Risk Control Manager focuses on developing and implementing risk management strategies, overseeing risk controls, and ensuring compliance. In contrast, a Risk Analyst primarily conducts data analysis, assesses risk levels, and supports decision-making processes. Both roles require relevant certifications and work within similar industries, but their responsibilities differ in scope and focus.

How much do business risk control managers make?

Business risk control managers typically earn a median annual salary of around $90,000 to $120,000, depending on experience, industry, and location. They often hold certifications such as CRCM or CRM and require strong analytical and risk assessment skills. Salaries can vary widely based on company size and geographic region.

What does a business risk control manager do?

A business risk control manager identifies, assesses, and implements strategies to mitigate financial, operational, and compliance risks within an organization. They analyze data, develop policies, and collaborate with departments to ensure risk management practices are effective, often using tools like risk assessment software and requiring relevant certifications. Their goal is to minimize potential losses and support the company's overall stability and growth.

What cities near Chicago, IL are hiring for Business Risk Control Manager jobs?

Cities near Chicago, IL with the most Business Risk Control Manager job openings:

Infographic showing various Business Risk Control Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 90% Full Time, and 10% Part Time. Highlights an 84% In-person, 9% Hybrid, and 7% Remote job distribution, with an average salary of $103,593 per year, or $49.8 per hour.

Risk Control Product / Industry Consulting Director - Construction

Chicago, IL • On-site, Remote

$97K - $189K/yr

Full-time

Re-posted 25 days ago


Job description

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
Recognized as the highest technical expert in a product line, industry, a risk control program (e.g., MGU program, captive program) or risk control specialty. Individual contributor responsible for business results through delivery of risk control services within an area. Works within the broadest limits of authority requiring the highest degree of technical complexity and coordination. Drives risk control expertise for the most complex risks and participates in the underwriting decision making process. Has a large geographic span that includes the United States or globally combined with a scope of responsibility for a product or industry in Risk Control.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
1. Engages with underwriting to drive corporate strategies for targeted lines of business, industry or specialized risk control area.
2. Optimizes distribution engagement, strengthening relationships with agents and brokers to provide customer solutions.
3. Analyzes risk control strengths and weaknesses to maintain a competitive edge in the marketplace.
4. Develops United States or global risk control strategies to positively impact loss ratios, new business goals and retention requirements to achieve profitability targets.
5. Supports branch(s) or territory with technical expertise to ensure ongoing organizational learning, development, and advancement of industry expertise and specialization.
6. Works across the BUs to review and direct the evaluation and assessment of large and complex risks for Standard and Shared/Layered lines, or risks with significant exposures impacting multiple product lines with a focus on national or international accounts. Applies risk control policies, guidelines, insurance laws and regulations, and drives the resolution of critical/cost driver risk control issues.
7. Influences the direction, development and implementation of risk control policy, operating plans and business strategy. Presents business need with recommended new products and services with a global focus.
8. Develops and maintains business relationships with internal and external business partners. Known expert among Risk Control staff and CNA partners within the industry, actively shaping new industry relationships.
May perform additional duties as assigned.
Reporting Relationship
Typically AVP or above
Skills, Knowledge & Abilities
1. Excellent communication, negotiation, decision making and presentation skills. Ability to effectively interact with all levels of internal and external business partners.
2. Senior level technical and business management acumen and knowledge of insurance, risk management principles, practices and procedures. Contract management skills.
3. Excellent analytical and problem solving skills, with the ability to prioritize and simultaneously manage multiple projects and teams.
4. Creativity in resolving unique and challenging business situations.
5. Ability to achieve results, at the portfolio level, by taking a proactive long-term view of business goals and objectives.
6. Knowledge of Microsoft Office Suite and other business-related software.
7. Subject Matter Expert (SME) in the industry, LOB or segment needed for CNA's portfolio.
8. Ability and willingness to travel.
Education & Experience
1. Bachelor's degree with Masters preferred or equivalent experience with professional designation(s) needed for the industry, segment or LOB being represented.
2. Typically, a minimum of ten years of risk control experience.
3. Applicable designations preferred
#LI-REMOTE
#LI-KC2
In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $97,000 to $189,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees - and their family members - achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA's benefits, please visit cnabenefits.com.
CNA utilizes AI-enabled technology during the recruiting process. For more information, please visit our careers page.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com