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Chief Risk Officer Jobs in Illinois (NOW HIRING)

Head of Internal Audit

Peru, IL · On-site

$140 - $190/hr

Owning relationships with key stakeholders, such as the Chief Executive Officer, Chief Risk Officer, Chief Compliance Officer, and operational members of entities in Peru * Responding to regulatory ...

Sr. Product Manager - Credit Risk

Chicago, IL · On-site +1

$130K - $172K/yr

Job Summary The Senior Product Manager will report directly to the Chief Risk Officer (CRO) of NinjaHoldings. This person will be responsible for driving the initiatives that directly impact key ...

Sr. Product Manager - Credit Risk

Chicago, IL · On-site +1

$120K - $180K/yr

Job Summary The Senior Product Manager will report directly to the Chief Risk Officer (CRO) of NinjaHoldings. This person will be responsible for driving the initiatives that directly impact key ...

Sr. Product Manager - Credit Risk

Chicago, IL · On-site +1

$120K - $180K/yr

Job Summary The Senior Product Manager will report directly to the Chief Risk Officer (CRO) of NinjaHoldings. This person will be responsible for driving the initiatives that directly impact key ...

$83K - $102K/yr

We frequently work as or alongside a client's internal audit function, the chief risk officer or risk function, and various other members of management tasked with managing risk. Our advisors help ...

Chief Financial Officer (CFO)

Itasca, IL · On-site

$300K - $500K/yr

The CFO will partner closely with the President/CEO and Board of Directors to ensure Darley ... The role requires evaluating trade-offs using cash flow, return on invested capital, and risk ...

Chief Financial Officer (CFO)

Itasca, IL · On-site

$300K - $500K/yr

The CFO will partner closely with the President/CEO and Board of Directors to ensure Darley ... The role requires evaluating trade-offs using cash flow, return on invested capital, and risk ...

Chief Financial Officer (CFO)

Itasca, IL · On-site

$300K - $500K/yr

The CFO will partner closely with the President/CEO and Board of Directors to ensure Darley ... The role requires evaluating trade-offs using cash flow, return on invested capital, and risk ...

The CFO is responsible for enterprise-wide financial strategy, oversight of consolidated financial reporting, federal grant compliance, risk management, while fostering strong, collaborative ...

Showing results 41-60

Chief Risk Officer information

See Illinois salary details

$95.9K

$185.8K

$372.1K

How much do chief risk officer jobs pay per year?

As of Aug 9, 2026, the average yearly pay for chief risk officer in Illinois is $185,823.00, according to ZipRecruiter salary data. Most workers in this role earn between $163,300.00 and $184,600.00 per year, depending on experience, location, and employer.

What is a chief risk officer?

A chief risk officer (CRO) oversees financial risks for a business or other organization. As a CRO, your job duties involve identifying business risks, developing risk management policies, and performing risk assessments of new projects. You usually collaborate with all departments in your organization, as well as stakeholders and board members, to determine suitable levels of financial risk. It is essential to monitor company policies to ensure that all projects meet industry standards and government regulations. Chief risk officers may also be in charge of internal auditing, IT security, and insurance needs.

What is the difference between Chief Risk Officer vs Risk Manager?

AspectChief Risk OfficerRisk Manager
CredentialsTypically requires advanced degrees (MBA, Master’s in Risk Management) and professional certifications (FRM, CRM)Often holds a bachelor’s degree; certifications like CRM or FRM are common but not always required
Work EnvironmentExecutive-level, strategic planning, overseeing entire risk management frameworkOperational role, implementing risk policies, analyzing specific risks
Industry UsageUsed across finance, insurance, corporate sectors at the executive levelFound in various industries, focusing on day-to-day risk assessment and mitigation

The Chief Risk Officer (CRO) is a senior executive responsible for the overall risk management strategy of an organization, requiring advanced credentials and strategic oversight. In contrast, a Risk Manager handles specific risk assessments and mitigation activities, often with less seniority and fewer certifications. Both roles are vital but differ in scope, responsibilities, and level of seniority.

What is a chief risk officer?

A Chief Risk Officer (CRO) is a senior executive responsible for identifying, assessing, and mitigating risks that could impact an organization’s operations or objectives. The CRO oversees risk management strategies, ensures compliance with regulatory requirements, and works closely with other executives to develop policies that protect the company from financial, operational, and reputational harm. This role is especially important in industries such as finance, insurance, and healthcare, where risk management is critical to organizational success.

What are some common challenges a chief risk officer faces in aligning risk management strategies across different departments?

A Chief Risk Officer (CRO) often encounters challenges in ensuring that risk management policies are consistently implemented across departments with varying objectives and risk appetites. Communication gaps, differing priorities, and varying levels of risk awareness can make it difficult to create a unified risk culture. CROs must work closely with department heads to tailor risk strategies that align with business goals while maintaining compliance and minimizing exposure. Building strong relationships and fostering ongoing education are key to overcoming these challenges and promoting effective enterprise-wide risk management.

What does a chief risk officer make?

A Chief Risk Officer (CRO) typically earns a salary ranging from $150,000 to over $300,000 annually, depending on the industry, company size, and location. They often receive bonuses, stock options, and other benefits, reflecting their senior management role responsible for identifying and managing organizational risks.

What are the key skills and qualifications needed to thrive as a chief risk officer, and why are they important?

To thrive as a Chief Risk Officer, you need deep expertise in risk management, financial analysis, regulatory compliance, and typically an advanced degree in finance, law, or business. Familiarity with risk assessment software, governance frameworks (such as COSO or ISO 31000), and relevant certifications like FRM or CRM is highly valued. Strategic thinking, leadership, and strong communication skills enable effective collaboration across executive teams and clear risk reporting. These capabilities are vital for identifying threats, safeguarding organizational assets, and ensuring sound decision-making in a complex regulatory environment.
What cities in Illinois are hiring for Chief Risk Officer jobs? Cities in Illinois with the most Chief Risk Officer job openings:
Infographic showing various Chief Risk Officer job openings in Illinois as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 12% Part Time, 3% Temporary, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $185,823 per year, or $89.3 per hour.

Risk Transformation & Delivery Analyst

Citizens

Chicago, IL • Hybrid

$94K - $134K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 16 days ago


Job description

Description

Risk Transformation and Delivery Senior Analyst

Role Summary

The Risk Transformation and Delivery Senior Analyst supports the Risk Management leadership team in driving strategic execution, operating effectiveness, and enterprise alignment. This role partners closely with the Chief Risk Officer (CRO), Risk leadership, and key enterprise functions to deliver highquality executive materials, manage strategic initiatives, and support the daytoday operating cadence of the Risk organization. The ideal candidate is a highly organized, analytically strong professional with excellent communication skills and experience working in a complex, regulated environment.

Key Responsibilities

Responsibilities include, but are not limited to:

  • Strategy and Operating Rhythm Support
    • Support the Risk Management leadership team in executing strategic priorities, governance routines, and operating rhythms.
    • Coordinate leadership meetings, agendas, deliverables, and followups to ensure alignment and timely execution.
  • Executive and Board Materials
    • Prepare, review, and coordinate senior management- and Boardlevel materials related to the Bank's risk profile, risk appetite, and key risk themes.
    • Ensure materials are accurate, clear, and aligned with enterprise messaging and regulatory expectations.
  • Enterprise Collaboration
    • Partner with Finance, Corporate Communications, Legal, Human Resources, and other enterprise functions to support CRO and Risk leadership performance goals.
    • Assist with employee engagement initiatives, leadership communications, talentrelated activities, and workforce needs across the Risk organization.
  • Budget, Vendor, and Resource Management
    • Assist the Head of Risk Transformation in managing the Risk organization's budget, including forecasting, tracking, and variance analysis.
    • Support vendor management activities, including onboarding, contract coordination, performance tracking, and expense oversight.
  • Strategic and Special Projects
    • Support the Risk leadership team in the planning and execution of strategic initiatives, transformation efforts, and special projects.
    • Conduct analysis, prepare presentations, and track milestones to ensure successful delivery of crossfunctional initiatives.

Required Qualifications

  • Bachelor's degree in Finance, Business, Economics, Risk Management, or a related field.
  • 3-6 years of experience in risk management, strategy, management consulting, financial services, or a related function.
  • Experience preparing executivelevel presentations and written materials for senior management audiences.

Preferred Qualifications

  • Experience working in a large, regulated financial institution.
  • Familiarity with enterprise risk management frameworks and governance processes.
  • Exposure to budget management, vendor oversight, or transformation initiatives.

Skills and Competencies

  • Strong analytical, organizational, and problemsolving skills.
  • Exceptional written and verbal communication skills, with the ability to distill complex topics for senior audiences.
  • Proven ability to manage multiple priorities in a fastpaced environment.
  • Strong interpersonal skills and ability to collaborate effectively across functions.
  • High attention to detail, discretion, and professional judgment.

To thrive as a colleague at Citizens, candidates must demonstrate a strong customer-centric mindset, exhibit persistence and resilience in the face of challenges, and embrace continuous learning to adapt and grow in a dynamic environment.

Hours and Work Schedule: (4 days in office, 1 day remote)

Hours per Week: 40

Work Schedule: Monday-Friday

Work Location (s): Johnston, RI, or Westwood, MA 

Pay Transparency 

The salary range for this position is $94,000-$134,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits .

Work Authorization: 

This role is not eligible for new employer sponsored or current H-1 B visa holders. Applicants, including current OPT, L and other visa holders, must be authorized to work in the U.S. without the need for new employer sponsorship for themselves or their spouses now and in the future.

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Education:Why Work for UsEmployment Type: 1ST