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Contract Risk Jobs in Chicago, IL (NOW HIRING)

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 ...

Risk Manager - US

Chicago, IL · On-site

$78 - $82/hr

Contract * Job #105874 Risk Manager Location: White Plains, NY (Onsite) Industry: Product Manufacturing Compensation: $78.00 - $82.00 per hour Position Summary We are seeking an experienced ...

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 ...

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 ...

Chief Risk Officer

Chicago, IL · On-site

$150 - $200/hr

The Role This is a senior leadership role sitting within our CFTC-regulated business unit, with responsibility for the enterprise risk management function across our Designated Contract Market (DCM ...

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

... contract/vendor issues; responsible for managing, reviewing and negotiating 100 contracts annually as respects risk management • Supervise Risk/Claims Manager Minimum Requirements * Bachelor ...

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 ...

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 ...

Manager, Contract Manager

Chicago, IL

$91K - $122K/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 ...

Contracts Administrator

Chicago, IL · On-site

$75K - $85K/yr

Prepare contract redlines and coordinate negotiations with customers, suppliers, and business partners. * Ensure contracts comply with company policies, risk management standards, and approved ...

Ensure high-risk contracts are reviewed and adjusted as needed. * Support regulatory and internal audits related to contracts. * Process contract requests submitted across HubSpot and Ironclad, and ...

The Role This is a senior leadership role sitting within our CFTC-regulated business unit, with responsibility for the enterprise risk management function across our Designated Contract Market (DCM ...

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

Review insurance provisions in major business & financial contracts. * Develop and direct production of reports and analyze financial results of the risk management program. * Develop training ...

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

Review insurance provisions in major business & financial contracts. * Develop and direct production of reports and analyze financial results of the risk management program. * Develop training ...

Showing results 21-40

Contract Risk information

See Chicago, IL salary details

$14

$31

$76

How much do contract risk jobs pay per hour?

As of Aug 20, 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:

Infographic showing various Contract Risk job openings in Chicago, IL as of August 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.

Contract Specialist

Sargent & Lundy

Chicago, IL • Hybrid

$75K - $115K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 16 days ago


Sargent & Lundy rating

8.4

Company rating: 8.4 out of 10

Based on 10 frontline employees who took The Breakroom Quiz

122nd of 449 rated engineering


Job description

Sargent & Lundy is a global leader in power and energy consulting, recognized for its innovation, integrity, commitment to quality, and inclusive culture. We provide clients and partners across the United States and internationally with trusted, comprehensive expertise. Sargent & Lundy offers challenging work, workplace flexibility, competitive compensation, and a comprehensive benefits package.

We are seeking an experienced Contracts Specialist to join our team. This position is responsible for drafting, reviewing, redlining, negotiating, and administering engineering, consulting, and construction contracts. The ideal candidate will have strong analytical and decision-making skills, the ability to identify and mitigate contractual risk, and the ability to work effectively with executive leadership and clients. This role plays an important part in ensuring contractual documents align with the company’s risk profile, business objectives, and core values.


Key Responsibilities

  • Draft, review, and revise a variety of contract documents, including non-disclosure agreements, master service agreements, engineering agreements, joint venture agreements, construction contracts, and related legal documents.
  • Negotiate contract terms and conditions in alignment with company policies, legal requirements, and risk management objectives.
  • Work closely with executive management to support business goals and ensure contractual commitments align with organizational priorities.
  • Review contractual and business risks and recommend practical solutions to reduce exposure.
  • Communicate professionally with clients and internal stakeholders while supporting strong business relationships.
  • Assist with special projects and other assignments as needed.

This position allows for a hybrid work schedule with the expectation of 3 days in our downtown Chicago, IL office and 2 days working remotely from home.


Required Qualifications

  • Bachelor’s degree required, preferably in business, insurance, engineering, law, or a related field.
  • Minimum of 5 years of experience drafting, negotiating, analyzing, and interpreting contract documents.
  • Strong ability to assess and manage contractual risk.
  • Excellent attention to detail and organizational skills, with the ability to manage multiple priorities in a fast-paced environment.
  • Sound judgment and the ability to make administrative and procedural decisions.
  • Strong problem-solving skills and the ability to take initiative.
  • Excellent verbal and written communication skills, with the ability to explain complex issues clearly and professionally.
  • Flexibility and willingness to work on a broad range of contractual matters.
  • Ability to work independently and collaboratively as part of a team.
  • Willingness to travel occasionally, as needed.

If you are an experienced contract professional seeking an opportunity to contribute to a dynamic organization, we encourage you to apply!

We do not sponsor employees for work authorization in the U.S. for this position.


At Sargent & Lundy, we care about the health and well-being of our employees. Our commitment extends beyond the workplace, offering comprehensive healthcare plans and generous paid time off to support our team members in every aspect of their lives. We understand the importance of work-life balance, which is why we are proud to provide competitive, award-winning benefits. Our dedication to employee satisfaction has earned us the prestigious Top Workplaces Culture Excellence Award for compensation and benefits in 2022, 2023, and 2024.

Health & WellnessFinancial BenefitsWork-Life Balance
  • Health Plans: Medical, Dental, Vision
  • Life & Accident Insurance
  • Disability Coverage
  • Employee Assistance Program (EAP)
  • Back-Up Daycare
  • FSA & HSA
  • 401(k)
  • Pre-Tax Commuter Account
  • Merit Scholarship Program
  • Employee Discount Program
  • Corporate Charitable Giving Program
  • Tuition Assistance
  • First Professional Licensure Bonus
  • Employee Referral Bonus
  • Paid Annual Personal/Sick Time (PST)
  • Paid Vacation
  • Paid Holidays
  • Paid Parental Leave
  • Paid Bereavement Leave
  • Flexible Work Arrangements

$75,210.00 - $115,210.00
Sargent & Lundy discloses compensation ranges that comply with all local and state regulations. The total compensation package for eligible positions will include a base salary or an hourly rate and a comprehensive benefits package, reflecting our commitment to rewarding performance and supporting the overall well-being of our employees. Individuals may also be eligible to participate in our yearly discretionary bonus.

Sargent & Lundy is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability status, protected veteran status, or any protected status as defined by applicable law.


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About Sargent & Lundy

Sourced by ZipRecruiter

Sargent & Lundy is one of the most experienced full-service architect-engineering firms in the world. Founded in 1891, the firm is a global leader in power and energy with expertise in grid modernization, renewable energy, energy storage, nuclear power, and fossil fuels. Sargent & Lundy delivers comprehensive project services--from consulting, design and implementation to construction management, commissioning and operations/maintenance--with an emphasis on quality and safety. The firm serves public and private sector clients in the power and energy, gas distribution, industrial, and government sectors.

Industry

Civil engineering construction

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

1891

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