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Contract Risk Jobs in Chicago, IL (NOW HIRING)

Sargent Lundy

Contract Specialist

Chicago, IL · On-site

$75K - $115K/yr

We are seeking an experienced Contracts Specialist to join our team. This position is responsible ... This role plays an important part in ensuring contractual documents align with the company's risk ...

Sargent & Lundy

Contract Specialist

Chicago, IL · Hybrid

$75K - $115K/yr

We are seeking an experienced Contracts Specialist to join our team. This position is responsible ... This role plays an important part in ensuring contractual documents align with the company's risk ...

Sargent & Lundy

Contract Specialist

Chicago, IL · On-site

$75K - $115K/yr

We are seeking an experienced Contracts Specialist to join our team. This position is responsible ... This role plays an important part in ensuring contractual documents align with the company's risk ...

Sargent & Lundy

Contract Specialist

Chicago, IL · Hybrid

$75K - $115K/yr

We are seeking an experienced Contracts Specialist to join our team. This position is responsible ... This role plays an important part in ensuring contractual documents align with the company's risk ...

RSM

Strategic Sourcing Contracts Manager

Chicago, IL · On-site

$500K/yr

Interact with RSM leaders to ensure contract language meets operational objectives, provide status updates, and prepare contract risk summaries. Additionally, coach LOB and functional leaders on ...

Socket.dev

Third Party Risk Manager

Carol Stream, IL · On-site

$120K - $180K/yr

Position Title: Third Party Risk Manager Reports to: First Vice President, Enterprise Risk ... Coordinate contract reviews with legal, third-party relationship owners, and internal vendor owners.

Alero Financial

Third Party Risk Manager

Elgin, IL · On-site

$120K - $150K/yr

Position Title: Third Party Risk Manager Reports to: First Vice President, Enterprise Risk ... Coordinate contract reviews with legal, third-party relationship owners, and internal vendor owners.

ADP, Inc.

Third Party Risk Manager

Carol Stream, IL · On-site

$120K - $150K/yr

Third Party Risk Manager Reports to: First Vice President, Enterprise Risk Management Full Salary ... Coordinate contract reviews with legal, third-party relationship owners, and internal vendor owners.

Capital One

Manager, Contract Manager

Riverwoods, IL · On-site

$92K - $123K/yr

Drafting and/or redlining contracts to ensure that Capital One is adequately protected from risk by leveraging industry best practices and subject matter expertise, including from a myriad of line of ...

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Showing results 21-40

All JobsContract Risk JobsContract Risk Jobs in Chicago, IL

Contract Risk information

See Chicago, IL salary details

$14

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$76

How much do contract risk jobs pay per hour?

As of Sep 10, 2026, the average hourly pay for contract risk in Chicago, IL is $31.25, according to ZipRecruiter salary data. Most workers in this role earn between $20.05 and $39.86 per hour, depending on experience, location, and employer.

What is contract risk?

Contract risk refers to the potential for financial loss, legal exposure, or operational issues arising from the terms, execution, or management of contracts between parties. This can include risks such as non-performance, ambiguous clauses, regulatory non-compliance, and disputes over contract obligations. Identifying and managing contract risk is essential for organizations to safeguard their interests and ensure smooth business operations. Contract risk professionals assess agreements for potential pitfalls and develop strategies to minimize or mitigate these risks.

What are some common challenges faced by professionals in contract risk roles, and how can they be addressed?

Professionals in Contract Risk roles often encounter challenges such as navigating ambiguous contract language, managing tight deadlines for risk assessments, and ensuring coordination between legal, compliance, and business teams. Addressing these challenges typically involves developing strong communication skills, utilizing risk management tools, and staying updated on regulatory changes. Building collaborative relationships across departments and participating in ongoing training can also help contract risk professionals effectively mitigate risks and add value to their organizations.

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

To thrive as a Contract Risk professional, you need strong knowledge of contract law, risk assessment, and compliance, usually supported by a degree in law, business, or a related field. Familiarity with contract management software, risk analysis tools, and regulatory frameworks is essential. Exceptional attention to detail, negotiation skills, and the ability to communicate complex concepts clearly are vital soft skills. These competencies help ensure that organizations identify, mitigate, and manage contractual risks effectively, protecting their interests and maintaining regulatory compliance.

What is the difference between Contract Risk vs Contract Administrator?

AspectContract RiskContract Administrator
Primary FocusIdentifying and mitigating contractual risksManaging contract documentation and execution
Required CredentialsLegal or risk management background, certifications in risk managementLegal, administrative, or contract management experience
Work EnvironmentRisk departments, legal teams, project managementContract departments, procurement, project teams

Contract Risk professionals focus on analyzing and reducing contractual risks before and during contract execution, often working closely with legal and risk management teams. Contract Administrators handle the day-to-day management of contracts, ensuring compliance, documentation, and timely execution. While both roles require understanding contracts, Contract Risk emphasizes risk mitigation strategies, whereas Contract Administrators focus on contract administration and operational tasks.

What are the most commonly searched types of Risk jobs in Chicago, IL?

The most popular types of Risk jobs in Chicago, IL are:

Contract Risk jobs near you
Infographic showing various Contract Risk job openings in Chicago, IL as of September 2026, with employment types broken down into 88% Full Time, 6% Part Time, and 6% Temporary. Highlights an 83% In-person, 6% Hybrid, and 11% Remote job distribution, with an average salary of $65,002 per year, or $31.3 per hour.

Senior Vice President, Risk & Portfolio Analytics

Chicago, IL • On-site

Unison Risk Advisors
See more jobs at Unison Risk Advisorsexternal

$120K - $200K/yr

Full-time

Re-posted 18 days ago

Job description

Senior Vice President, Risk & Portfolio Analytics- Job Description
Position Summary
The Senior Vice President, Risk & Portfolio Analytics exists to lead and own the analytics capability across Avoca Risk and its affiliated MGAs. The role is accountable for delivering data-driven portfolio insights, pricing discipline, and performance analytics that support underwriting strategy, capital allocation, and business growth. This position owns a critical enterprise capability spanning actuarial oversight, catastrophe modeling, business intelligence, and portfolio management, serving as both a strategic advisor and hands-on leader. The role directly supports organizational growth, underwriting performance, and scalable analytics transformation.
Key Responsibilities
Functional Leadership & Ownership
  • Ownership of the enterprise analytics function across all platform MGAs.

  • Accountability for analytics strategy, governance, and roadmap execution.

  • Acting as a subject matter expert and primary decision-maker for portfolio analytics, pricing, and risk insights.

  • Partnering with underwriting, finance, technology, and capital stakeholders to align analytics outputs with business needs.

Hands-On Execution & Delivery
  • Direct execution of deep-dive portfolio analysis, actuarial evaluations, and pricing assessments.

  • Overseeing catastrophe modeling workflows and exposure analytics using RMS and related tools.

  • Designing and maintaining analytics processes, reporting structures, and evaluation frameworks.

  • Supporting product and contract reviews to ensure pricing adequacy and technical soundness.

  • Creation and maintenance of portfolio reporting, dashboards, and KPI tracking.

  • Ensuring accuracy, quality, and integrity of analytics outputs and data.

  • Providing regular management reporting and ad hoc analytics for decision support.

  • Monitoring portfolio performance, identifying risks, and resolving issues proactively.

Cross-Functional Partnership & Integration
  • Partnering with underwriting, finance, and technology teams to integrate analytics into business workflows.

  • Translating complex analytics into clear, decision-ready insights for senior leadership and stakeholders.

  • Supporting alignment across functions and ensuring analytics outputs meet downstream needs.

  • Improving collaboration and resolving cross-functional challenges.

Growth, Change & Special Initiatives
  • Leading or supporting growth initiatives, new program launches, and analytics expansion efforts.

  • Participating in planning, execution, and delivery of transformation initiatives.

  • Building scalable processes and repeatable analytics frameworks.

  • Ensuring continuity and alignment during organizational change.

Process Improvement & Best Practices
  • Identifying opportunities to enhance analytics processes, tools, and methodologies.

  • Driving automation and scalability across reporting and modeling capabilities.

  • Staying current on actuarial, analytics, and insurance industry best practices.

  • Championing adoption of improved, efficient ways of working.

Center of Excellence (COE) Contribution
  • Contributing thought leadership and expertise to the analytics capability across the enterprise.

  • Translating strategy into scalable analytics tools, frameworks, and processes.

  • Developing documentation, playbooks, and standards.

  • Partnering with functional groups to deliver integrated solutions and support change initiatives.

Accountability
  • Delivering effective, scalable, and strategy-aligned analytics outcomes.

  • Maintaining high standards of quality, accuracy, and reliability.

  • Supporting execution during growth, transformation, and change.

  • Building strong cross-functional partnerships and demonstrating ownership and sound judgment in decision-making.

Qualifications
Required
  • Significant experience within insurance, reinsurance, MGA/MGU, or brokerage environments.

  • Strong actuarial foundation with ACAS, FCAS, or equivalent progress preferred.

  • Knowledge of ISO-based pricing methodologies and P&C structures. Experience with RMS or other catastrophe modeling platforms.

  • Hands-on experience with SQL, Python, Power BI, or similar tools.

  • Demonstrated leadership and ability to build and develop teams.

  • Strong communication and stakeholder influence skills.

Preferred
  • Experience leading analytics transformation or enterprise initiatives.

  • Advanced certifications in actuarial or analytics disciplines.

  • Experience operating in multi-entity or global environments.

Key Competencies
  • Strategic & Systems Thinking

  • Ownership & Accountability

  • Data-Driven Decision Making

  • Process Design & Continuous Improvement

  • Consulting, Influence & Collaboration

  • Change Agility

  • Business Acumen
Compensation
The base salary range for this position is $120,000-$200,000 annually. Individual compensation will be determined based on a variety of factors including relevant experience, skills, education, and internal equity.

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