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Director Of Risk Jobs in Chicago, IL (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 ...

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

S.-regulated, direct access electricity derivatives market, offering financial products to address ... S. ISOs and transition to margin-based trading, we need a Head of Risk who can design the ...

The role will report to the CAO and work closely with other members of the executive suite and board of directors. How You Can Make An Impact * Define and drive enhancements to the firm's Risk ...

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

Position Overview Under the direction of the Director of Risk Management, the Senior Risk Manager will design, negotiate, manage and maintain International's global insurance programs. The Senior ...

Reporting jointly to the Controller and Director of Safety, this role serves as a strategic partner to Finance, Safety, Operations, and Executive Leadership to reduce total cost of risk, strengthen ...

Risk Manager

Chicago, IL · On-site

$100K - $150K/yr

The position reports to the Director of Risk Management. This is a tremendous opportunity for someone looking to grow their experience as well as career! Work Style: Hybrid - work in the downtown ...

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

The position reports to the Director of Risk Management. This is a tremendous opportunity for someone looking to grow their experience as well as career! Work Style: Hybrid - work in the downtown ...

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Director Of Risk information

See Chicago, IL salary details

$11.3K

$146.3K

How much do director of risk jobs pay per year?

As of Jul 27, 2026, the average yearly pay for director of risk in Chicago, IL is $145,262.00, according to ZipRecruiter salary data. Most workers in this role earn between $145,200.00 and $145,200.00 per year, depending on experience, location, and employer.

What is the difference between Director Of Risk vs Risk Manager?

AspectDirector Of RiskRisk Manager
ResponsibilitiesOversees enterprise-wide risk strategies, sets policies, and manages risk teamsIdentifies, assesses, and mitigates specific risks within departments or projects
Required CredentialsOften requires advanced degrees (e.g., MBA), certifications like CRM or FRM, and extensive experienceTypically requires a bachelor's degree, certifications like RIMS-CRMP, and relevant experience
Work EnvironmentStrategic, leadership-focused, often in corporate officesOperational, detail-oriented, working closely with teams on risk assessments

The main difference between a Director Of Risk and a Risk Manager lies in scope and seniority. The Director Of Risk handles enterprise-wide risk strategies and leadership, while the Risk Manager focuses on specific risk areas and implementation. Both roles require relevant certifications and experience, but the Director position involves higher-level decision-making and strategic planning.

How does a Director of Risk typically collaborate with other departments to manage organizational risk?

A Director of Risk works closely with various departments—such as compliance, finance, operations, and IT—to identify, assess, and mitigate potential risks. They often lead cross-functional meetings and risk assessment workshops to ensure all perspectives are considered and that risk controls are integrated into daily operations. Collaboration is key, as effective risk management requires input and buy-in from across the organization. Directors of Risk also frequently present findings and recommendations to executive leadership, ensuring alignment on risk appetite and mitigation strategies.

What are the key skills and qualifications needed to thrive as a Director of Risk, and why are they important?

To thrive as a Director of Risk, you need deep expertise in risk management, regulatory compliance, and business strategy, often supported by a bachelor’s or master’s degree in finance, business, or a related field. Familiarity with risk assessment tools, governance frameworks (such as COSO or ISO 31000), and relevant certifications like FRM or CRM is typically required. Exceptional leadership, analytical thinking, and communication skills help you influence stakeholders and navigate complex risk scenarios. These skills ensure the effective identification, mitigation, and communication of organizational risks, protecting the company’s assets and reputation.

What does a Director of Risk do?

A Director of Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations or objectives. They develop risk management strategies, oversee compliance with regulations, and ensure that proper controls are in place to minimize financial, legal, and reputational risks. Typically, this role involves working closely with senior leadership to align risk management with overall business goals and to foster a culture of risk awareness throughout the organization.
What are the most commonly searched types of Of Risk jobs in Chicago, IL? The most popular types of Of Risk jobs in Chicago, IL are:
What job categories do people searching Director Of Risk jobs in Chicago, IL look for? The top searched job categories for Director Of Risk jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Director Of Risk jobs? Cities near Chicago, IL with the most Director Of Risk job openings:
Infographic showing various Director Of Risk job openings in Chicago, IL as of July 2026, with employment types broken down into 1% As Needed, 86% Full Time, 10% Part Time, 1% Temporary, and 2% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $145,262 per year, or $69.8 per hour.
Director of Risk Management

$97K - $116K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago


Acadia Healthcare rating

6.2

Company rating: 6.2 out of 10

Based on 190 frontline employees who took The Breakroom Quiz

700th of 890 rated healthcare providers


Job description

Montrose Behavioral Health is seeking an experienced and strategic Risk Director to lead our facility's risk management efforts and ensure a safe environment for patients, staff, and visitors. In this leadership role, you will oversee the implementation of a comprehensive risk management program, collaborate with multiple departments to assess and mitigate risks, and promote a culture of safety throughout the organization. The Risk Director will lead incident investigations, manage compliance with regulations, and develop proactive strategies to prevent harm and potential liabilities.

At Montrose Behavioral Health Hospital for Adults, located in Chicago not far from Lake Michigan, we provide premier inpatient care for children ages 5-12, adolescents ages 13-17, adults age 18 and older, and senior adults age 55 and older. We also offer outpatient care for adolescents and adults. With a dedicated team of professionals, the hospital offers a supportive environment designed to promote healing and long-term stability. Working at Montrose Behavioral Health Hospital offers a meaningful opportunity to support patients on their path to healing while being part of a compassionate, multidisciplinary team. It’s a rewarding environment where colleagues are dedicated to providing throughtful and patient centered care every day.

Montrose Behavioral Health Hospital offers an extensive array of benefits to our valued team members. Current offerings encompass: 

  • Medical, Dental, and Vision Insurance coverage
  • Health Savings Account (HSA) and Flexible Spending Account (FSA) options
  • Company-paid Basic Life & AD&D insurance
  • Disability benefits
  • 401(k) Retirement Plan with a company match
  • Employee Assistance Program (EAP) and Employee Discount Program
  • Paid Holidays for work-life balance
  • Paid Time Off (PTO) 
  • Tuition Reimbursement opportunities for career advancement 

PURPOSE STATEMENT:

Plan, organize, direct, and oversee all aspects of risk management activities. Promote a safe environment for the protection of patients, clients, employees, and visitors to the facility in such a manner as to comply with laws, regulations, and regulatory agencies. Identify risks that could potentially result in harm to patients, staff or visitors or lead to litigation or negative media or various forms of loss.


ESSENTIAL FUNCTIONS:

  • Implement a robust risk management program throughout the facility.
  • Collaborate and consult with the corporate risk management department.
  • Lead Investigations and analyze actual and potential risks in the facility. Collaborate with the Legal team to assess liability and probability of legal action for potential notification. Implement, educate, and encourage incident reporting per policy throughout the facility.
  • Develop and implement infrastructures and systems that support patient safety.
  • Promote a culture of safety by encouraging incident reporting.
  • Collaborate with employees to streamline the incident reporting process making it more effective and efficient.
  • Collaborate with facility leadership and all departments to monitor and promote compliance with the organization's policies, procedures, state and federal laws, and regulatory agencies
  • Responsible for identifying high-risk areas that could cause harm to persons receiving services, visitors, and employees.
  • Provide staff development, and training related to identifying, reporting, mitigating, and minimizing risk.
  • Collaborate with Patient Advocate to review complaints and grievances to identify potential exposures.
  • Coordinate with facility leadership to establish and implement a Safe Catch Program.
  • Collaborate with QAPI disciplines to complete a Root Cause Analysis for specified events.
  • Establish and lead a Safety Committee that identifies and develops measurable safety initiatives based on facility data that improve the safety culture.
  • Serve as a resource and consultant for risk management activities, performance improvement, policy/procedure development, and compliance initiatives.

OTHER FUNCTIONS:

  • Perform other functions and tasks as assigned.

EDUCATION/EXPERIENCE/SKILL REQUIREMENTS:

  • Bachelor's degree in a clinical healthcare, risk management, business, finance, or a related field required. Master's degree in health information management, nursing, or related field preferred. 
  • Two or more years’ experience in a risk management position required.
  • One or more years of supervisory experience preferred.
  • Experience with CARF, DEA, Joint Commission, or CMS surveys, as required by service line(s) supported

LICENSES/DESIGNATIONS/CERTIFICATIONS:

  • CPHRM Preferred.
  • CPR and de-escalation/restraint certification required (training available upon hire and offered by facility).
  • First aid may be required based on state or facility.

Pay Range: $97,427-$116,417

While this job description is intended to be an accurate reflection of the requirements of the job, management reserves the right to add or remove duties from particular jobs when circumstances
(e.g. emergencies, changes in workload, rush jobs or technological developments) dictate.

We are committed to providing equal  employment opportunities to all applicants for employment regardless of an individual’s characteristics protected by applicable state, federal and local laws.

AHCORP

#LI-MBHH


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About Acadia Healthcare

Sourced by ZipRecruiter

Acadia Healthcare is a leading provider in the healthcare and hospital industry, based in Franklin, Tennessee, United States. The company is recognised for its commitment to creating a behavioural health network that provides accessible, high-quality treatment options for individuals suffering from mental health issues, addiction, eating disorders, and PTSD. Acadia Healthcare was founded in 2005, with the mission to create a world-class organization that sets the standard of excellence in the treatment of specialty behavioural health and addiction disorders.

Industry

Hospitals

Company size

10,000+ Employees

Headquarters location

Franklin, TN, US

Year founded

2005

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