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Director Of Risk Management Jobs in Illinois (NOW HIRING)

Reporting directly to the Chief Risk Officer, EVP , the Director of Risk Management will oversee complex insurance programs, captive operations, claims management, and key financial and strategic ...

The Director of Risk Management will collaborate closely with executive leadership, operational departments, legal counsel, compliance teams, and clinical stakeholders to identify, evaluate, and ...

POSITION SUMMARY The Director of Risk Management is responsible for the strategic oversight and execution of the Company's insurance, claims, and risk management programs. This position provides ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

POSITION SUMMARY The Director of Risk Management is responsible for the strategic oversight and execution of the Company's insurance, claims, and risk management programs. This position provides ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

POSITION SUMMARY The Director of Risk Management is responsible for the strategic oversight and execution of the Company's insurance, claims, and risk management programs. This position provides ...

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

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.

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

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.

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Showing results 1-20

Director Of Risk Management information

See Illinois salary details

$52.3K

$138.7K

$251.9K

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

As of Aug 31, 2026, the average yearly pay for director of 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 is the difference between Director Of Risk Management vs Risk Analyst?

AspectDirector Of Risk ManagementRisk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, Risk Management certifications)Bachelor's degree in finance, risk management, or related field
Work EnvironmentStrategic leadership, overseeing risk policies and teamsData analysis, risk assessment, supporting risk management strategies
Industry UsageUsed in large corporations, financial institutions, insurance companiesCommon in finance, insurance, and corporate sectors

The Director Of Risk Management focuses on strategic oversight and leadership in risk policies, while the Risk Analyst handles data analysis and risk assessment tasks. Both roles are essential in risk management but differ in scope and seniority.

What does a director of risk management do?

A director of risk management oversees an organization’s strategies to identify, assess, and mitigate potential risks that could impact business operations, financial stability, or reputation. They develop risk management policies, coordinate with other departments, and ensure compliance with regulations, often using tools like risk assessment software. Strong analytical skills and industry certifications are typically required for this role.

What does a director of risk management make?

A director of risk management typically earns a salary ranging from $100,000 to $200,000 annually, depending on the industry, company size, and location. They often have advanced degrees and certifications such as CRM or ARM, and their compensation may include bonuses and benefits based on organizational risk mitigation success.

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

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

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

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

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

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

Infographic showing various Director Of Risk Management job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 66% Full Time, 31% Part Time, and 2% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $138,749 per year, or $66.7 per hour.

Director of Risk Management

Chicago, IL


Sinai Chicago
Health Care and Social Assistance • 5 - 10K employees

7.8

Company rating: 7.8 out of 10

Based on 15 frontline employees who took The Breakroom Quiz

People enjoy working here

Good employer

Uninterrupted breaks


Full-time

Medical, Dental, Vision, Life, Retirement

Posted 22 days ago


Job description

About Us

At Sinai Chicago, we take health care personally. Excellence in health care is about more than medicine, technology, tests, and treatments. It is about caring for people with dignity and respect. We are dedicated to providing exceptional care for our patients, supporting our community, and creating meaningful opportunities for our team members.

Position Summary

Sinai Chicago is seeking an experienced Director of Risk Management to lead and oversee the organization's comprehensive risk management program. Reporting directly to the General Counsel, this leadership role is responsible for safeguarding Sinai Health System's assets, operations, and reputation through proactive risk assessment, loss prevention, insurance management, litigation oversight, and regulatory compliance initiatives.

The Director of Risk Management will collaborate closely with executive leadership, operational departments, legal counsel, compliance teams, and clinical stakeholders to identify, evaluate, and mitigate organizational risks while supporting the Enterprise Risk Management (ERM) strategy.

Key Responsibilities
  • Develop, implement, and administer a system-wide Risk Management Program.
  • Analyze risk data, identify trends, and develop mitigation strategies to reduce organizational exposure.
  • Lead insurance and risk financing programs, including policy management and claims oversight.
  • Oversee litigation management in partnership with legal counsel and external stakeholders.
  • Conduct annual enterprise-wide risk assessments and recommend corrective action plans.
  • Develop and facilitate risk management education and training programs for staff and leadership.
  • Partner with executive leadership to support strategic risk management initiatives.
  • Provide guidance on regulatory, compliance, and risk-related matters affecting the organization.
  • Collaborate with the Chief Compliance Officer and Enterprise Risk Counsel to execute the Enterprise Risk Management Plan.
  • Participate in the development and review of organizational policies, procedures, and programs.
  • Maintain current knowledge of federal, state, and local healthcare regulations, accreditation standards, and industry best practices.
  • Foster strong relationships with internal and external stakeholders, including insurance carriers, legal partners, clinical leaders, and professional organizations.
  • Perform additional duties as assigned.
QualificationsRequired
  • Minimum of 3 years of healthcare experience in a healthcare setting.
  • Strong understanding of healthcare operations and risk management principles.
  • Excellent verbal, written, analytical, and problem-solving skills.
  • Demonstrated business acumen with the ability to balance strategic objectives and operational needs.
  • Ability to assess risk and recommend effective mitigation strategies.
  • Proficiency in Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.
Preferred
  • Experience in healthcare risk management.
  • Experience managing insurance programs and litigation matters.
  • Working knowledge of federal and state healthcare regulations, including:
    • HIPAA Privacy and Security requirements
    • Medicare and Medicaid regulations
    • Healthcare accreditation standards
    • Non-discrimination and regulatory compliance requirements
Ideal Candidate

The successful candidate will be a strategic and collaborative leader who can navigate complex healthcare environments, influence decision-making, and drive risk reduction initiatives across the organization. They will possess strong relationship-building skills, sound judgment, and the ability to communicate effectively with executives, physicians, clinical teams, and external partners.

Work Environment
  • General office environment.
  • Moderate noise level.
  • Occasional travel throughout the health system may be required.
Physical Requirements
  • Regularly required to sit, communicate, and utilize standard office equipment.
  • Occasionally required to stand and move throughout facilities.
  • Ability to lift and/or move up to 25 pounds occasionally.
  • Requires close vision, distance vision, and the ability to adjust focus.
Exposure Classification

Blood-Borne Pathogen Exposure Category 3

This position does not involve routine exposure to blood, body fluids, non-intact skin, or tissue specimens and does not require participation in emergency medical care or first aid activities.

Benefits

Sinai Chicago offers a comprehensive benefits package that may include:

  • Medical, Dental, and Vision Coverage
  • Prescription Drug Coverage
  • Health Savings Account (HSA)
  • Flexible Spending Account (FSA)
  • Employer-Paid Life Insurance and AD&D
  • Supplemental Life Insurance
  • Short-Term and Long-Term Disability
  • Employee Assistance Program (EAP)
  • Student Loan Assistance Program
  • Retirement and Additional Wellness Benefits

Eligibility for certain benefit programs may be based on scheduled hours worked and completion of applicable waiting periods.

Our Values

Teamwork

  • Collaborate effectively to create an inclusive and supportive workplace.

Respect

  • Treat every individual with dignity, fairness, and appreciation for their unique contributions.

Quality

  • Commit to continuous improvement, learning, and excellence in patient care.

Integrity

  • Demonstrate honesty, accountability, and ethical decision-making.

Safety

  • Promote a safe environment for patients, visitors, and colleagues.

Role Model

  • Lead by example and champion organizational values in every interaction.
Join Sinai Chicago

If you are a strategic healthcare leader with a passion for risk management, compliance, and organizational excellence, we encourage you to apply and help us continue our mission of delivering compassionate, high-quality care to the communities we serve.


Sinai Chicago logo

About Sinai Chicago

Sourced by ZipRecruiter

Sinai Chicago is an integral part of the healthcare industry, established to provide quality and accessible healthcare for the Chicago, IL, US community. The organization operates across various healthcare sectors including teaching, research, and providing clinical care. Since its inception in 1919, Sinai Chicago has been resolute in improving the health of the people and communities it serves, with a focus on delivering value-based care to areas with pressing health needs. The core values of Sinai Chicago include respect, integrity, teamwork, accountability, and quality. The company's mission and commitment lie in nurturing healthier communities through the provision of accessible, quality healthcare.

Industry

Health care and social assistance and hospitals

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US


What Sinai Chicago employees say

Pay

Benefits

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