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Contract Risk Jobs in Chicago, IL (NOW HIRING)

CC Industries

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 ...

DRiV

Insurance Risk Manager

Skokie, IL · On-site

Review contracts and insurance requirements to ensure appropriate risk transfer provisions. * Maintain strong relationships with insurance brokers, carriers, consultants, and third-party ...

DRiV

Insurance Risk Manager

Skokie, IL · Hybrid

Review contracts and insurance requirements to ensure appropriate risk transfer provisions. * Maintain strong relationships with insurance brokers, carriers, consultants, and third-party ...

powercon

Director of Risk Management

Chicago, IL

$150K - $175K/yr

Drafts key contract clauses to balance risk, secure necessary insurance, and limit legal exposure. COMPENSATION DETAILS Salary Range: $150,000 - $175,000 Compensation for this role includes a base ...

powercon

Director of Risk Management

Chicago, IL

$150K - $175K/yr

Drafts key contract clauses to balance risk, secure necessary insurance, and limit legal exposure. COMPENSATION DETAILS Salary Range: $150,000 - $175,000 Compensation for this role includes a base ...

Socket.dev

Director of Risk Management

Chicago, IL · On-site

$150 - $175/hr

Drafts key contract clauses to balance risk, secure necessary insurance, and limit legal exposure. COMPENSATION DETAILS Salary Range: $150,000 - $175,000 Compensation for this role includes a base ...

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All JobsContract Risk JobsContract Risk Jobs in Chicago, IL

Contract Risk information

See Chicago, IL salary details

$14

$31

$76

How much do contract risk jobs pay per hour?

As of Aug 21, 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 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.

Head of Risk Management

CC Industries

Chicago, IL • On-site

$350K - $420K/yr

Full-time

Posted 16 days ago

Job description


About HCC/CCI
Henry Crown & Company/CC Industries is a Chicago-based, privately-held company that manages business, philanthropic, and family interests on behalf of a multi-generational family. The business ventures fall into broadly-defined categories: wholly-owned operating companies, public and private equity investments, and real estate. The enterprise also supports individual and collective giving through Crown Family Philanthropies and provides traditional family office services across generations. The enterprise employs approximately 350 professionals in the areas of investment management, corporate development, financial operations, tax, research and innovation, human resources, information technologies, and legal.
Why Work for Us?
We are a private enterprise with more than a 100-year legacy and track record of financial success, supporting our communities, and taking care of our employees. We plan strategically with a long-term time horizon and an integrated approach to access superior opportunities and optimize financial results. Integrity, collaboration, and dedication are cornerstones of our workplace culture that create rewarding professional experiences.
Position Description
This role is responsible for developing and implementing Corporate Risk Management and Environmental, Health and Safety strategies, frameworks, and systems to prevent losses and proactively mitigate and control risk. This role also leads the placement and coordination of Commercial Property & Casualty and Personal Lines Insurance programs, including leadership and administration of two wholly-owned insurance captives, the Enterprise Risk Management process, and claims management. This role reports to the CHRO and oversees the Manager of Corporate Safety and Director of Risk Management.
Responsibilities
  • Establish risk management and E,H,S policies, procedures, and guidelines.
  • Identify and analyze risk exposures and determine how to respond. Continually monitor.
  • Provide consulting services to businesses on E,H,S, insurance and risk management issues.
  • Evaluate, negotiate and select commercial and personal lines insurance programs to include coverages, limits, retention levels, strong carriers, cost, service, etc., and communicate to appropriate parties.
  • Lead, manage and perform administrative duties associated with the organization's captive insurance companies.
  • Lead the Enterprise Risk Management process to ensure the organization's most significant risks are identified and mitigated.
  • Oversee claims management activities.
  • 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 programs on insurance and risk management issues.
  • Spearhead risk management due diligence related to acquisitions.
  • Direct inspections, surveys and audits within family portfolio, operating businesses and partnership deal contracts.
  • Ensure all reporting requirements are met under existing insurance policies.
  • Direct risk management staff.
  • Travel 15%-20% of the time.

Qualifications
  • Bachelor's Degree (Risk Management Degree Preferred); Master's Degree in Business Administration preferred.
  • CPCU, ARM or CRM preferred.
  • Strong communication, presentation and interpersonal skills.
  • Strong problem resolution and analytical abilities.
  • Deep understanding of Risk Management for a large, complex organization to include commercial insurance placement and E,H,S in a corporate role (preferred) or consulting role.
  • Strong understanding of insurance coverages.
  • Management experience with captive insurance companies and Enterprise Risk Management processes.
  • Working knowledge of Microsoft Office and Excel.
  • Ability to make quick and practical decisions.
  • Focused, organized & results oriented.

The Starting Salary Range: $350k-$420k with bonus eligibility. Exact compensation may vary based on skills, experience, and location. To see an overview of all our benefits please go to our career portal here.
Don't meet every single requirement? Studies have shown that women, members of the LGBTQIA+ community, individuals experiencing disability and BIPOC are less likely to apply to jobs unless they meet every single qualification. At HCC/CCI we are dedicated to building a diverse, inclusive and authentic workplace, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.

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