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Director Enterprise Risk Management Jobs in Illinois

Sinai Chicago

Director of Risk Management

Chicago, IL · On-site

The Director of Risk Management will collaborate closely with executive leadership, operational ... Conduct annual enterprise-wide risk assessments and recommend corrective action plans. * Develop ...

Sinai Chicago

Director of Risk Management

Chicago, IL · On-site

The Director of Risk Management will collaborate closely with executive leadership, operational ... Conduct annual enterprise-wide risk assessments and recommend corrective action plans. * Develop ...

CC Industries

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

... 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 ...

AlphaSense

Enterprise Risk Officer, ECRM

Chicago, IL · On-site

In this role, you will support Senior Management by leading and coordinating core risk workstreams such as our enterprise risk register, risk assessments, typical enterprise risk processes, and ...

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All JobsEnterprise Risk Management JobsDirector Enterprise Risk Management JobsDirector Enterprise Risk Management Jobs in Illinois

Director Enterprise Risk Management information

See Illinois salary details

$52.3K

$138.7K

$251.9K

How much do director enterprise risk management jobs pay per year?

As of Aug 24, 2026, the average yearly pay for director enterprise risk management in Illinois is $138,749.00, according to ZipRecruiter salary data. Most workers in this role earn between $102,200.00 and $162,300.00 per year, depending on experience, location, and employer.

What does a director enterprise risk management do?

A Director of Enterprise Risk Management (ERM) is responsible for identifying, assessing, and mitigating risks that could impact an organization’s ability to achieve its objectives. They develop risk management strategies, policies, and frameworks, and work closely with senior leadership to integrate these practices across departments. The role involves overseeing risk assessments, monitoring compliance with regulations, and ensuring the organization is prepared for potential threats. By proactively managing risks, the director helps safeguard the organization's assets, reputation, and long-term success.

How does a director enterprise risk management typically collaborate with other departments to identify and mitigate organizational risks?

A Director of Enterprise Risk Management (ERM) works closely with leaders across departments such as compliance, finance, IT, and operations to proactively identify, assess, and address organizational risks. This often involves facilitating risk workshops, leading cross-functional risk assessments, and ensuring risk mitigation strategies are embedded in business processes. Regular communication and reporting to executive leadership and the board are also key responsibilities, enabling a holistic view of the risk landscape. Effective collaboration helps ensure that risk management is integrated throughout the organization, supporting both strategic objectives and regulatory compliance.

What are the key skills and qualifications needed to thrive as a director enterprise risk management, and why are they important?

To thrive as a Director of Enterprise Risk Management, you need expertise in risk assessment, regulatory compliance, and strategic planning, typically supported by a bachelor's or master's degree in business, finance, or a related field. Familiarity with risk management frameworks (such as COSO or ISO 31000), GRC (governance, risk, and compliance) systems, and relevant certifications like CRM or FRM is highly valued. Exceptional leadership, analytical thinking, and communication skills help you collaborate across departments and influence organizational culture. These abilities are crucial for identifying potential threats, ensuring regulatory compliance, and safeguarding the organization's long-term success.

What is the difference between Director Enterprise Risk Management vs Risk Manager?

AspectDirector Enterprise Risk ManagementRisk Manager
CredentialsTypically requires advanced degrees (MBA, Risk Management certifications)Often requires similar certifications but may have less emphasis on advanced degrees
Work EnvironmentStrategic, leadership-focused, often in senior management teamsOperational, focused on risk assessment and mitigation activities
Employer & Industry UsageUsed in large corporations across various industriesCommon in organizations of all sizes, especially in finance, insurance, and manufacturing
Search & Comparison IntentUnderstanding senior risk leadership rolesOperational risk management responsibilities

The main difference between a Director Enterprise Risk Management and a Risk Manager lies in their scope and seniority. The Director typically oversees enterprise-wide risk strategies and leads teams, while the Risk Manager focuses on specific risk areas and implementation. Both roles require relevant certifications and experience, but the Director position involves more strategic decision-making and leadership responsibilities.

What are the most commonly searched types of Enterprise Risk Management jobs in Illinois?

The most popular types of Enterprise Risk Management jobs in Illinois are:

What are popular job titles related to Director Enterprise Risk Management jobs in Illinois?

For Director Enterprise Risk Management jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Director Enterprise Risk Management jobs in Illinois look for?

The top searched job categories for Director Enterprise Risk Management jobs in Illinois are:

What cities in Illinois are hiring for Director Enterprise Risk Management jobs?

Cities in Illinois with the most Director Enterprise Risk Management job openings:

Director Enterprise Risk Management jobs near you
Infographic showing various Director Enterprise Risk Management job openings in Illinois as of August 2026, with employment types broken down into 95% Full Time, and 5% Temporary. Highlights an 90% In-person, 5% Hybrid, and 5% Remote job distribution, with an average salary of $138,749 per year, or $66.7 per hour.

Senior Director, Enterprise Risk Management

Capital One

Chicago, IL

Full-time

Posted 4 days ago

Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 147 frontline employees who took The Breakroom Quiz

93rd of 172 rated banks

Job description

Senior Director, Enterprise Risk Management

At Capital One, we dare to dream, disrupt, and deliver a better way. We bring ingenuity, simplicity, and humanity to an industry ripe for change. As a senior leader in Enterprise Risk Management (ERM), you will join a critical second-line-of-defense function responsible for defining the bank's risk management architecture. This role is at the heart of our Risk Management Framework, positioned to take a critical role as we modernize our processes to be more nimble and effective while maintaining a robust risk posture.

We are seeking a strategic, forward-leaning Senior Director to spearhead our Risk Appetite, Board Reporting, and Effective Challenge programs. You will lead the charge crafting impactful and insightful enterprise-wide risk reporting to our Senior Management and Board of Directors, You will be a critical leader in the transformation in our Risk Appetite and Effective Challenge programs, with a focus on real time, intelligent solutions. This is a high-impact leadership position where you will regularly analyze complex topics and engage with senior executives across the lines of defense.

Responsibilities:

  • Deliver high-impact reporting to Senior Management and the Board of Directors, providing a comprehensive and strategic view of the enterprise risk profile.

  • Design and operationalize a next-generation Risk Appetite program that leverages intelligent risk insights and real-time data aggregation, taking into account our diverse financial services company.

  • Lead cross-functional efforts to enhance Effective Challenge discipline across the second line of defense, ensuring rigorous oversight and impactful risk management.

  • Partner with technology and data teams to implement an enterprise system of record for key risk metrics, enabling predictive analytics, and automation.

  • Lead and develop a team of 8-12 risk professionals, organizing the team's work to drive results, providing feedback and coaching to support professional development, and maintaining a strong pipeline of talented risk leaders.

Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 10 years of experience in Risk Management, Project Management, or Process Management

  • At least 5 years of experience leading initiatives in a highly-regulated financial services environment

  • At least 5 years of experience influencing C-suite stakeholders and Board-level committees

  • At least 5 years of experience leading and developing teams

Preferred Qualifications:

  • Strong written and verbal communication skills and ability to interact and influence at all levels in the organization, including with senior and C-level executives

  • Experience driving risk framework evolution through technology, AI, and automation.

  • Proven ability to simplify complex risk concepts into clear, actionable insights for diverse executive audiences.

  • Expertise in navigating and influencing across all three lines of defense.

  • Experience and ability to solve complex problems, supported by research, data analysis, and inputs from stakeholders.

  • Passionate about building a best-in-class risk strategy that balances innovation with rigor.


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Chicago, IL: $217,000 - $247,700 for Sr. Director, Risk Management


McLean, VA: $238,700 - $272,400 for Sr. Director, Risk Management


Richmond, VA: $217,000 - $247,700 for Sr. Director, Risk Management


Riverwoods, IL: $217,000 - $247,700 for Sr. Director, Risk Management








Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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