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Business Risk Manager Jobs in Illinois (NOW HIRING)

Deloitte

Cyber Insider Risk Manager

Chicago, IL · On-site

... the business. Recruiting for this role ends on 12/31/2026. Work you'll do As an Insider Risk ... Manager on the Cyber team, you will be responsible for: • Developing comprehensive strategies for ...

Deloitte

Cyber Insider Risk Manager

Chicago, IL · On-site

... the business. Recruiting for this role ends on 12/31/2026. Work you'll do As an Insider Risk ... Work you'll do As an Insider Risk Manager on the Cyber team, you will be responsible for:

Crowe LLP

Third Party Risk Manager

Chicago, IL

Supporting business development initiatives, client relationship management, and practice growth ... Certified Vendor Risk Management Professional (CVRMP) * Shared Assessments or other vendor risk ...

Capital One

Senior Auditor - Risk Management

Riverwoods, IL

$84K - $103K/yr

... of Business Administration * Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or ...

Capital One

Senior Auditor - Risk Management

Riverwoods, IL · On-site

$84K - $103K/yr

... of Business Administration * Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or ...

Capital One

Senior Auditor - Risk Management

Chicago, IL · On-site

$83K - $102K/yr

... of Business Administration * Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or ...

Capital One

Senior Auditor - Risk Management

Chicago, IL

$83K - $102K/yr

... of Business Administration * Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), Financial Risk Manager (FRM), or ...

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... management, and product experiences. The ideal candidate brings deep fraud domain expertise ... This individual will partner closely with business leaders, first- and second-line risk teams ...

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... management, and product experiences. The ideal candidate brings deep fraud domain expertise ... This individual will partner closely with business leaders, first- and second-line risk teams ...

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... management, and product experiences. The ideal candidate brings deep fraud domain expertise ... This individual will partner closely with business leaders, first- and second-line risk teams ...

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... management, and product experiences. The ideal candidate brings deep fraud domain expertise ... This individual will partner closely with business leaders, first- and second-line risk teams ...

Crowe LLP

Third Party Risk Manager

Chicago, IL

Supporting business development initiatives, client relationship management, and practice growth ... Certified Third Party Risk Assessor (CTPRA) * Certified in Risk and Information Systems Control ...

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Showing results 41-60

All JobsBusiness Risk JobsBusiness Risk Manager JobsBusiness Risk Manager Jobs in Illinois

Business Risk Manager information

See Illinois salary details

$26.3K

$95K

$156.6K

How much do business risk manager jobs pay per year?

As of Jul 31, 2026, the average yearly pay for business risk manager in Illinois is $95,017.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,901.00 and $109,684.00 per year, depending on experience, location, and employer.

How much does a risk manager get paid?

A business risk manager's average salary in the United States ranges from $80,000 to $130,000 annually, depending on experience, industry, and location. Senior risk managers or those with specialized certifications like FRM or CRM can earn higher salaries, often exceeding $150,000. Compensation also includes benefits such as bonuses and professional development opportunities.

What does a business risk manager do?

A business risk manager identifies, assesses, and mitigates potential risks that could impact an organization's operations, financial health, or reputation. They analyze data, develop risk management strategies, and implement policies to minimize threats, often using tools like risk assessment software and requiring certifications such as CRM or FRM. Their role involves continuous monitoring and communication with stakeholders to ensure business resilience.

How does a Business Risk Manager typically collaborate with other departments to address organizational risks?

As a Business Risk Manager, cross-functional collaboration is a key part of the role. You’ll regularly work with departments such as finance, compliance, operations, and IT to identify potential risks, assess their impact, and develop mitigation strategies. This often involves facilitating risk assessment workshops, sharing reports, and ensuring that risk controls are integrated into business processes. Effective communication and relationship-building skills are essential, as you’ll act as a bridge between senior management and operational teams to align risk management efforts with organizational goals.

Do risk managers make good money?

Risk managers, including business risk managers, typically earn competitive salaries that vary based on experience, industry, and location. According to industry reports, median annual salaries range from $80,000 to over $130,000, with higher earnings possible for those with advanced certifications like CRM or FRM. The role often requires strong analytical skills and knowledge of risk assessment tools.

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

AspectBusiness Risk ManagerRisk Analyst
CredentialsCertifications like CRM, FRM, or CRC; bachelor's degree in business, finance, or related fieldCertifications such as FRM or CRM; bachelor's degree in finance, economics, or related field
Work EnvironmentStrategic planning, risk assessment, and policy development in corporate settingsData analysis, risk modeling, and reporting in finance or insurance firms
Employer & IndustryCorporations, financial institutions, insurance companiesFinancial services, consulting firms, insurance companies

The Business Risk Manager focuses on developing risk strategies and policies at a strategic level, while the Risk Analyst primarily conducts data analysis and risk assessments. Both roles require similar certifications and often work within the same industries, but their responsibilities differ in scope and focus.

What is the highest salary for a risk manager?

The highest salary for a business risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications, or leadership roles in large organizations. Senior risk managers or directors in financial services, insurance, or consulting firms tend to earn the highest compensation. Salary levels also depend on geographic location, industry, and the complexity of risk management responsibilities.

What are the key skills and qualifications needed to thrive as a Business Risk Manager, and why are they important?

To thrive as a Business Risk Manager, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or a related field, often backed by a bachelor's degree or higher. Familiarity with risk management frameworks, regulatory compliance systems, and certifications like FRM (Financial Risk Manager) or CRM (Certified Risk Manager) is typically required. Exceptional communication, problem-solving, and stakeholder management skills help you effectively identify, mitigate, and communicate risks across an organization. These competencies are crucial for proactively managing threats, ensuring regulatory compliance, and supporting the long-term stability and success of the business.
What are popular job titles related to Business Risk Manager jobs in Illinois? For Business Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Business Risk Manager jobs in Illinois look for? The top searched job categories for Business Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Business Risk Manager jobs? Cities in Illinois with the most Business Risk Manager job openings:
Business Risk Manager jobs near you
Infographic showing various Business Risk Manager job openings in Illinois as of July 2026, with employment types broken down into 82% Full Time, 15% Part Time, and 3% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $95,017 per year, or $45.7 per hour.

Risk Manager - Chicago, IL

Trinity Property Consultants

Chicago, IL • On-site

$120K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Trinity Property Consultants rating

5.8

Company rating: 5.8 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

176th of 200 rated real estate companies

Job description

Description
Position at Trinity Property Consultants
About Trinity Property Consultants
At Trinity Property Consultants, your expertise fuels our mission. Guided by our values of innovation, teamwork, excellence, and empowerment,we've been a leader in the multifamily industry for over 25 years and proudly manage properties for a nationally ranked NMHC's Apartment Owner. We are building more than great places to live - we're creating vibrant communities and meaningful careers.
The Opportunity
Trinity Property Consultants is seeking a Risk Manager to build and lead the Company's risk management function from the ground up. Reporting directly to the President, you will be the sole member and founding leader of the Risk Management team establishing programs, processes, and standards that will define the function for years to come.
The Risk Manager will oversee risk management, safety, and claims programs across our multifamily residential portfolio, serving as a liaison to Legal, Accounting, and regional leadership. This is a high-visibility role with direct executive access and a significant opportunity to shape how risk management is practiced across the organization.
Compensation: $120,000 to $140,000 annually, based on your experience, plus performance bonus.
Schedule: Monday through Friday, 8 am to 5 pm, in office role with approximately 10% travel.
Office Location: Chicago, IL.
What You'll Own
  • Review and validate issued insurance policies to ensure alignment with negotiated terms and Company requirements; maintain the corporate insurance policy repository.
  • Develop and present insurance program recommendations-including coverage structure, limits, and cost considerations-to the President and senior leadership.
  • Monitor insurance market conditions and trends to proactively position the Company's risk management program.
  • Track and manage insurance-covered expenses; coordinate reimbursement or recovery from insurers as appropriate.
  • Produce and distribute loss runs on a regular cadence; compile and present claims data reports to leadership, insurers, and relevant stakeholders to support program reviews and renewals.
  • Monitor and analyze loss runs and claims activity to identify trends and inform risk mitigation strategies; implement proactive pre-claim prevention measures for general liability exposures.
  • Coordinate direct communication and resolution with impacted individuals to minimize escalation and litigation exposure; partner with the Legal Department on insurance-related litigation matters.
  • Identify, assess, and prioritize operational risks using a structured risk register; design and launch mitigation plans with clear owners, timelines, and success measures.
  • Lead safety compliance programs across the portfolio: training design and delivery, incident investigation and root-cause analysis, and audit readiness management.
  • Track and evaluate incident reports across the portfolio to identify patterns and flag potential liability exposure before claims arise; leverage predictive modeling to anticipate emerging risks.
  • Ensure adherence to OSHA, NFPA, EPA, IBC/property maintenance codes, local housing and property regulations, and internal policies; maintain audit-ready documentation.
  • Evaluate and select risk-minimization techniques such as risk retention and risk transfer; analyze and classify risks according to frequency and potential severity.

What You Bring
  • A strategic mindset with the ability to assess complex risk landscapes and build structured, actionable programs from the ground up.
  • Strong analytical thinking with the ability to translate loss data, claims trends, and risk indicators into proactive strategy.
  • A proactive, prevention-first approach to risk management-always looking to get ahead of issues before they become claims.
  • Excellent communication skills and the ability to translate complex risk and legal topics for executives, site teams, and external partners.
  • Comfort operating independently in a fast-paced environment, managing a broad scope of responsibilities with minimal oversight.
  • An ownership mentality with a focus on measurable outcomes-reduced claims frequency, improved safety metrics, and a defensible risk posture.
  • Passion for multifamily real estate and a genuine interest in protecting communities, people, and the business.

Qualifications
  • Bachelor's degree in Risk Management, Business, or a related field required.
  • 5+ years of experience in risk management, insurance, claims, and/or safety; experience within multifamily real estate, property management, or a related industry strongly preferred.
  • Expertise in insurance program management: coverage analysis, endorsements, limits and deductibles, COIs, and broker/carrier/TPA relationship management.
  • Demonstrated claims leadership across FNOL, investigation, reserves, subrogation, litigation coordination, and closure strategy.
  • Strong working knowledge of OSHA, NFPA, EPA, IBC/property maintenance codes, and local housing and property standards.
  • Ability to read contracts and provide analysis and recommended language for insurance, indemnity, and related provisions.
  • Previous experience reporting to or working directly with senior leadership or executive management.
  • Proficiency with Microsoft Office Suite, AI-related productivity tools, and BI/reporting tools; ability to build integrated dashboards and maintain data quality.
  • Relevant professional certification (ARM, CRM, CPCU, or equivalent) preferred.

Requirements
Availability & Travel
This position will require availability for nights, weekends, and holidays as needed, as well as occasional travel for company events or meetings. Active participation in team functions and regional or company activities is expected.
We Take Care of You
  • Medical, Dental & Vision: Highlights include company-paid individual PPO-HSA plan (with $1,200 annual employer contribution); HMO options for California residents. Dental and vision premiums are fully covered for employees; coverage for dependents is available at an additional cost.
  • Retirement Plans (401K): The company matches 1/3 of the employee's contribution up to 2% of the salary.
  • Life & Disability Insurance: Up to $100,000 of life insurance and AD&D coverage, plus short- and long-term disability insurance. In addition, supplemental life for the employee, spouse, and children.
  • Time Off: 11 paid holidays, 2-4 weeks of vacation based on years of service, and sick leave provided in compliance with state and local requirements.
  • Referral Bonuses: $1,000 for eligible employee referrals.
  • Volunteer Time Off: Up to 16 hours annually (8 for personal volunteer activities, 8 for company-sponsored events).
  • Perks: Professional development, tuition reimbursement, employee discounts, and more.

Our Commitment to Belonging
Trinity Property Consultants is proud to be an equal opportunity employer. We celebrate diversity and are committed to fostering an inclusive, respectful workplace where all individuals can thrive irrespective of race, ethnicity, gender identity, sexual orientation, age, religion, disability, or other protected classes.
Ready to Join Us?
Explore what it's like to grow your career with a company that values people as much as performance. Learn more and apply today!
Note: This job description includes the core Risk Manager responsibilities of Trinity Property Consultants. Duties are subject to change at the company's discretion.
Trinity Property Consultants is an equal opportunity employer and does not discriminate against persons because of age, race, color, creed, religion, disability, gender, ethnic or national origin, or veteran status. Trinity Property Consultants prohibits discrimination against individuals with disabilities and will reasonably accommodate applicants with a disability, upon request, and will also ensure reasonable accommodation for employees with a disability.

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