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Director Of Risk Management Jobs in Northbrook, IL

The Parking Spot

Director, Risk Management

Chicago, IL · Hybrid

$150K - $170K/yr

As a Director of Risk Management, this role leads the Company's enterprise risk and insurance ... programs and serves as the primary point of accountability for how risk is identified, managed, and ...

The Parking Spot

Director, Risk Management

Chicago, IL · Hybrid

$150K - $170K/yr

As a Director of Risk Management, this role leads the Company's enterprise risk and insurance ... programs and serves as the primary point of accountability for how risk is identified, managed, and ...

Geneva Trading

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

... of directors. How You Can Make An Impact * Define and drive enhancements to the firm's Risk ... Supervise and manage all employees of the Risk team globally * Model, analyze, and optimize ...

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

S.-regulated, direct access electricity derivatives market, offering financial products to address ... The right person has seen risk management done well at established institutions and knows what to ...

PayPal

Director, Risk Management

Chicago, IL

$176.50K - $262.35K/yr

We operate a global, two-sided network at scale that connects hundreds of millions of merchants and ... This job establishes overall business or technical strategy for risk management, influences ...

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Director Of Risk Management information

See Northbrook, IL salary details

$54.8K

$145.3K

$263.9K

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

As of May 28, 2026, the average yearly pay for director of risk management in Northbrook, IL is $145,331.00, according to ZipRecruiter salary data. Most workers in this role earn between $107,100.00 and $170,000.00 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 job categories do people searching Director Of Risk Management jobs in Northbrook, IL look for? The top searched job categories for Director Of Risk Management jobs in Northbrook, IL are:
What cities near Northbrook, IL are hiring for Director Of Risk Management jobs? Cities near Northbrook, 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 Northbrook, IL as of May 2026, with employment types broken down into 95% Full Time, 4% Part Time, and 1% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $145,331 per year, or $69.9 per hour.

Director of Risk Management

inlandgroup

Oak Brook, IL

Other

Posted 5 days ago

Job description

The Inland Real Estate Group of Companies, a diversified real estate, investment, and financial services organization, is seeking an experienced Director of Risk Management to lead and advance our enterprise-wide risk management strategy. This is a highly visible, senior-level role with broad exposure to executive leadership and multiple business lines across the organization.

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 risk initiatives. Inland Risk Management operates as a shared service model, offering the opportunity to collaborate closely with leaders across the firm and influence risk strategy at an enterprise level.

Key Responsibilities
  • Lead the placement, structure, and ongoing management of complex property & casualty insurance programs, including D&O/E&O, Cyber, EPL, Fiduciary, Crime, and Workers’ Compensation.
  • Oversee claims management, ensuring effective resolution and cost control.
  • Manage and grow a single-parent captive insurance program domiciled in Vermont, coordinating with brokers, captive managers, and internal stakeholders to maximize utilization and revenue opportunities.
  • Conduct comprehensive risk assessments and enterprise risk analysis, identifying exposures and developing mitigation strategies.
  • Support and participate in Enterprise Risk Management (ERM) and Environmental, Social & Governance (ESG) initiatives.
  • Develop and execute strategies for collateral recovery, strengthening financial outcomes and reducing losses.
  • Perform risk-related financial forecasting, providing insight and recommendations to support strategic decision-making.
  • Participate in group P&L reviews, analyzing trends, variances, and opportunities for improvement.
  • Serve as a key advisor to leadership on insurance market conditions, coverage optimization, and cost containment.
  • Develop, implement, and maintain risk management policies and procedures in alignment with regulatory and industry best practices.
  • Act as a key member of the Cyber Security Incident Response Team and ESG committee.
  • Lead, mentor, and develop the risk management team, fostering professional growth and continuous improvement.
  • Perform supervisory duties including hiring, performance management, coaching, promotion, and disciplinary actions.
  • Maintain the highest standards of professionalism, integrity, and compliance with all laws, policies, and regulations.
  • Perform other duties as assigned.
Supervisory Responsibility
  • Directly supervises two team members:
    • Administrative Assistant
    • Claims Specialist
Qualifications

Education

  • Bachelor’s degree with a concentration in Risk Management, Finance, or equivalent professional experience required

Experience

  • 10+ years of progressive experience in Risk Management, Claims, Loss Control, Insurance, and Financial Management
  • Demonstrated experience with captive insurance administration (required)

Licenses & Certifications

  • Property & Casualty License – required (or able to obtain within 1 year)
  • ARM (Associate in Risk Management) strongly preferred

Skills & Technical Expertise

  • Expert-level Microsoft Excel skills
  • Proficiency in Microsoft Word and Outlook
  • Experience with RMIS and TPA systems
  • Strong analytical, financial, and problem-solving skills
  • Excellent written and verbal communication abilities
  • Proven leadership skills with the ability to influence across diverse business groups
Why Join Inland
  • High-impact, enterprise-level leadership role
  • Exposure to executive leadership and multiple business platforms
  • Opportunity to shape and grow a sophisticated risk function and captive program
  • Stable, well-established organization with a long-term view

Apply