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Business Risk Manager Jobs in McHenry, IL (NOW HIRING)

Primient

Sr. Risk Analyst

Schaumburg, IL · On-site

Bachelor's degree in Business Administration, Finance, Risk Management, or related field. * A Master's degree or professional certifications (e.g., CRM, ARM, or FRM) is highly preferred. * Experience ...

Primient

Sr. Risk Analyst

Schaumburg, IL · On-site

Bachelor's degree in Business Administration, Finance, Risk Management, or related field. * A Master's degree or professional certifications (e.g., CRM, ARM, or FRM) is highly preferred. * Experience ...

PNC Bank

Branch Manager

Belvidere, IL · On-site

Manages operational, human capital, reputational and business risk. Exercises leadership, authority and sound decision making to mitigate sales practice risk. Ensures compliance with regulatory ...

PNC

Branch Manager

Belvidere, IL

Manages operational, human capital, reputational and business risk. Exercises leadership, authority and sound decision making to mitigate sales practice risk. Ensures compliance with regulatory ...

Solomon Page

Internal Auditor

Arlington Heights, IL · On-site

Bachelor's degree in Accounting, Finance, Business, Risk Management, or a related field. * 3+ years of experience in public accounting, internal or external audit, accounting, risk, compliance, or ...

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Business Risk Manager information

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

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.

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.

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.

Do business risk managers make good money?

Business risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual salaries range from $80,000 to over $120,000, with higher earnings possible for those with advanced certifications or in senior roles. The profession often requires strong analytical skills and knowledge of risk assessment tools.

How much do business risk managers make?

Business risk managers typically earn a median annual salary of around $100,000, with salaries ranging from approximately $70,000 to over $140,000 depending on experience, industry, and location. Advanced certifications and strong analytical skills can lead to higher compensation in this role.

What does a business risk manager do?

A business risk manager identifies, assesses, and develops strategies to mitigate potential risks that could impact an organization's operations, financial health, or reputation. They analyze data, implement risk management frameworks, and work with various departments to ensure compliance and resilience. Strong analytical skills and knowledge of industry regulations are essential for this role.

What job categories do people searching Business Risk Manager jobs in McHenry, IL look for?

The top searched job categories for Business Risk Manager jobs in McHenry, IL are:

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

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

Business Risk Manager jobs near you
Infographic showing various Business Risk Manager job openings in McHenry, IL as of July 2026, with employment types broken down into 81% Full Time, 17% Part Time, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution.

Business Risk & Compliance Manager - Consumer Deposits and Payments

Busey

Schaumburg, IL

$98K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago

Job description

Position Summary

The Consumer Business Risk & Compliance Manager creates, facilitates, and executes risk and control frameworks within the Consumer Payments and Deposits departments of Busey Bank. This position serves as the business line subject matter expert for consumer-specific risks associated with both traditional Retail and digital banking products and processes. The Business Risk and Compliance Manger provides consultative advice across consumer banking processes end-to-end to minimize the bank's exposure to financial risk of loss, regulatory criticism, and reputational risk.Duties & Responsibilities
  • Assess existing controls frameworks throughout the consumer payments and deposits business lines - both front and back office - and provide recommendations for improvement when gaps or weaknesses are identified.
  • Provide guidance on control improvements to ensure control design objectives adequately mitigate risk in an operationally efficient manner.
  • Develop or enhance control testing standards and monitoring programs with business line staff to evaluate the design and operating effectiveness of controls.
  • Create and maintain reporting of testing results and other risk and compliance projects to keep business line staff and management apprised of risk management priorities and progress.
  • Support change management necessitated by 1) the impact of new legislation/regulations or 2) the introduction or modification of new products and services insofar as they relate to an existing controls framework or require the creation of new controls; assist business line staff in implementing monitoring programs to ensure new processes/controls are both effective and followed.
  • Function as a liaison between the second line of defense and the business to ensure coordination on consumer-related changes by translating the regulatory impact into the business lines' operations.
  • Support, track, review and/or validate the resolution of risk-related issues and findings to ensure root causes are addressed and post-remediation monitoring is implemented.
  • Support the facilitation of enterprise risk management programs within business lines such as risk assessments, root cause analysis, business resiliency, etc., to ensure specific regulatory obligations or operational risk issues are adhered to.
  • Participate in the interpretation of new legal and regulatory requirements, identify relevant requirements, and oversee implementation of these requirements, where appropriate.
Education & Experience

Knowledge of:

  • Strong oral and written communication skills; can adapt communication and presentation style to fit various audiences up, down and across the organization.
  • In-depth and up-to-date knowledge of consumer regulations and trends, which include small business protection regulations.
  • Design and documentation of procedures and controls that promote consistent and repeatable processes.
  • Products and services offered in both a traditional brick-and-mortar banking environment as well as a digital environment.

Ability to:

  • Develop new approaches and procedures for remediating a variety of issues and findings, including those involving lookback and customer restitution.
  • Develop testing and monitoring programs and related metrics to measure the effectiveness of business processes.
  • Problem-solve by making sound and timely recommendations or decisions to keep forward progress; is discerning and applies situational knowledge to determine appropriate action or escalation.
  • Identify process efficiency and automation opportunities to strengthen control effectiveness.
  • Establish and maintain collaborative partnerships at all levels throughout the organization; facilitate cooperation between process leaders when conflicting views and priorities arise.
  • Manage a department and team of associates.

Education and Training:

  • Bachelor's degree or the equivalent combination of education and experience; Business or Finance degree preferred.
  • 8-10 years' experience in financial services with an audit, risk management or compliance background and/or experience in consumer banking operations.
  • Large-bank experience (> $10B) strongly preferred.
  • Current Certified Regulatory Compliance Manager (CRCM) certification a plus.
  • Proficiency in Microsoft Office required, Smartsheet, PowerBi and other project and reporting tools preferred.

Compensation and Benefits

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range: $98,000 - $140,000/year)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit BuseyTotal Rewardsfor more information.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. VisitBusey.com/Careersto learn more about Busey's Equal Opportunity Employment.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.

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