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Director Of Risk Management Jobs in Elgin, IL (NOW HIRING)

Epitec

Risk Manager - US

Chicago, IL · On-site

$78 - $82/hr

Bachelor's degree in Risk Management, Business Administration, Finance, Insurance, Occupational Safety, or a related field. * 7+ years of risk management, commercial insurance, casualty claims, or ...

MUFG Bank, Ltd.

Credit Risk Management, Director

Chicago, IL · Hybrid

  • Medical

  • Retirement

  • PTO

A member of our recruitment team will provide more details. Position Summary: The Credit Risk Management, Director will be responsible for overseeing the corporate lending activities and managing the ...

Baxter

PV Risk Management Specialist

Deerfield, IL

$112K - $154K/yr

  • Medical

  • Dental

  • Life

  • Retirement

  • PTO

At Baxter, we believe every person-regardless of who they are or where they are from-deserves a ... Your role at Baxter As a Pharmacovigilance Risk Management Specialist , you will lead the ...

New

Bank of Montreal

Third Party Risk Manager

Chicago, IL · On-site

$57K - $106K/yr

  • Medical

  • Life

  • Retirement

Management of risk stakeholder program execution and interaction with Third Party Risk Specialists/Supplier Managers to manage and pursue completion of past due programs with escalation, as ...

Bank of Montreal

Third Party Risk Manager

Chicago, IL · On-site

$74K - $138K/yr

  • Medical

  • Life

  • Retirement

Business Management In-depth knowledge of Global Third-Party Risk Management processes, lifecycle, and third-party risk to support effective and proactive compliance with regulatory obligations in ...

Wintrust

Risk Management Officer

Rosemont, IL · On-site

Wintrust delivers the sophisticated solutions of a large bank while staying true to the ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

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All JobsOf Risk Management JobsDirector Of Risk Management JobsDirector Of Risk Management Jobs in Elgin, IL

Director Of Risk Management information

See Elgin, IL salary details

$53.4K

$141.5K

$257K

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

As of Aug 19, 2026, the average yearly pay for director of risk management in Elgin, IL is $141,539.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,300.00 and $165,600.00 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 job categories do people searching Director Of Risk Management jobs in Elgin, IL look for?

The top searched job categories for Director Of Risk Management jobs in Elgin, IL are:

What cities near Elgin, IL are hiring for Director Of Risk Management jobs?

Cities near Elgin, IL with the most Director Of Risk Management job openings:

Director Of Risk Management jobs near you
Infographic showing various Director Of Risk Management job openings in Elgin, IL as of August 2026, with employment types broken down into 84% Full Time, 12% Part Time, 2% Temporary, and 2% Contract. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $141,539 per year, or $68 per hour.

Lead Risk Management Specialist - Supervision & Regulation

Federal Reserve System

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 29 days ago

Job description

Company
Federal Reserve Bank of Chicago
The Risk Management job family focuses on risk driven supervision and analytics for a broad array of risk areas, products areas, and institutions or service providers engaged in moderately complex to complex activities. Members of the Risk Management family provide horizontal risk perspectives and engage with internal stakeholders and institution or service providers executives who have a deep knowledge of their functional or risk area. Members of this family also have exposure to and an impact on how the industry manages complex operations and activities.
The Lead Risk Management Specialist (RMS) provides expert consulting within the District and System and may also lead or participate on examinations as a subject matter expert. The individual participates in horizontal reviews and examinations of financial institutions or service providers and identifies and communicates emerging risks through various venues such as training and conferences.
The level of work is generally considered advanced and staff must be able to work under minimal supervision. This position has no direct reports.
Your Responsibilities:
  • Consults and serves as a technical expert for a broad range of supervisory issues within the department, District and System
  • Leverages technical expertise to drive supervisory direction and strategy by monitoring the most complex and high risk institutions or service providers; leads examination teams to uncover risk exposures and risk management gaps as well as evolving risks
  • Oversees and vets the assessment of the adequacy of risk management systems, policies and procedures, and compliance with laws and regulations
  • Leads in the understanding of the interrelationship of banking risks and the application of an integrated risk management approach in assessing an institution's or service provider's performance
  • Provides horizontal risk perspective and executes on examination/project plans, timelines and milestones for examinations
  • Leads knowledge sharing directly or through committees and participates in the creation of complex or highly complex assessments and other correspondence to internal and external stakeholders
  • Leads and provides direction in the gathering and organization of information, arriving at sound analysis, making recommendations, following up as appropriate, and identifying the interrelationship and potential impact to other institutions or service providers
  • Prepares and leads others to present both orally and in written form, conclusions and recommendations concerning highly complex matters to internal and external stakeholders
  • Builds and maintains strategic working relationships and networks with internal and external stakeholders, such as other Reserve Banks, the Board of Governors and other regulatory agencies
  • Proactively serves as a mentor and/or coach; advises others, provides technical or managerial guidance and constructive feedback to internal and external stakeholders; trains and helps develop staff members

Your Background:
  • Bachelor's degree, relevant accreditation or equivalent experience
  • Ten plus years of direct work related experience
  • Seven plus years of experience in risk area of expertise required
  • Demonstrates the ability to lead others to understand and execute risk focus supervision and processes; demonstrates the ability to apply complex concepts and inter-dependencies in completing tasks
  • Demonstrates highly advanced analytical and problem solving skills
  • Demonstrates independent thinking and decision making abilities as well as have advanced written and oral communication abilities
  • Possesses the ability to provide effective direction or consultation
  • Possesses the ability to coach/guide and provide constructive feedback to all levels of staff
  • Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams
  • Demonstrates the ability to effectively lead and influence a team to resolve complex to highly complex issues without authority, especially in a leaders absence
  • Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities
  • Demonstrates aptitude to leverage relevant technology and software applications
  • Possesses a general business acumen

Location:
This position will be based in the Chicago office and is consider hybrid, which means your presence will be required in the office at least 2 days a week.
What we Offer:
  • Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off and transit benefit.
  • A continuous learning environment with opportunities to gain new skills and grow your career.
  • Onsite gym and subsidized cafeteria

Other Requirements and Physical Requirements
  • Ability and willingness to travel up to 25%-30%, occasionally. may need to travel more than 30% based on business need.
  • As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
  • This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Bank Examination
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
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