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Director Of Risk Jobs in Chicago, IL (NOW HIRING)

The Director of Payments & Risk owns that mission end to end: the fraud defense strategy, the AI-augmented operation that executes it, and the team that runs it. This is a player-coach role. You set ...

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 ...

As a critical enabler of client growth and the movement of money, TPS supports organizations ... The Opportunity The Director, TPS Risk Advisory plays a key leadership role within TPS Governance ...

New

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 ...

Manager, Risk Appetite

Chicago, IL · On-site

$74K - $138K/yr

The position reports to the Director, Risk Appetite, in the Risk Appetite & Portfolio Management ... Support integration of Risk Appetite with strategic planning, capital planning, and risk ...

Showing results 21-40

Director Of Risk information

See Chicago, IL salary details

$11.3K

$146.4K

How much do director of risk jobs pay per year?

As of Aug 17, 2026, the average yearly pay for director of risk in Chicago, IL is $145,377.00, according to ZipRecruiter salary data. Most workers in this role earn between $145,400.00 and $145,400.00 per year, depending on experience, location, and employer.

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.

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 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.

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 are popular job titles related to Director Of Risk jobs in Chicago, IL?

For Director Of Risk jobs in Chicago, IL, the most frequently searched job titles 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 August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 9% Part Time, and 3% Contract. Highlights an 88% Physical, 5% Hybrid, and 7% Remote job distribution, with an average salary of $145,377 per year, or $69.9 per hour.

$350K - $420K/yr

Full-time

Posted 12 days ago


Job description

About HCC/CCI

Henry Crown & Company/CC Industries is a Chicago-based, privately-held company that manages business, philanthropic, and family interests on behalf of a multi-generational family.  The business ventures fall into broadly-defined categories: wholly-owned operating companies, public and private equity investments, and real estate. The enterprise also supports individual and collective giving through Crown Family Philanthropies and provides traditional family office services across generations. The enterprise employs approximately 350 professionals in the areas of investment management, corporate development, financial operations, tax, research and innovation, human resources, information technologies, and legal.

Why Work for Us? 

We are a private enterprise with more than a 100-year legacy and track record of financial success, supporting our communities, and taking care of our employees.  We plan strategically with a long-term time horizon and an integrated approach to access superior opportunities and optimize financial results.  Integrity, collaboration, and dedication are cornerstones of our workplace culture that create rewarding professional experiences.

Position Description

This role is responsible for developing and implementing Corporate Risk Management and Environmental, Health and Safety strategies, frameworks, and systems to prevent losses and proactively mitigate and control risk. This role also leads the placement and coordination of Commercial Property & Casualty and Personal Lines Insurance programs, including leadership and administration of two wholly-owned insurance captives, the 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 risk management and E,H,S policies, procedures, and guidelines.
  • Identify and analyze risk exposures and determine how to respond. Continually monitor.
  • Provide consulting services to businesses on E,H,S, insurance and risk management issues.
  • Evaluate, negotiate and select commercial and personal lines insurance programs to include coverages, limits, retention levels, strong carriers, cost, service, etc., and communicate to appropriate parties.
  • Lead, manage and perform administrative duties associated with the organization's captive insurance companies.
  • Lead the Enterprise Risk Management process to ensure the organization's most significant risks are identified and mitigated. 
  • Oversee claims management activities.
  • Review insurance provisions in major business & financial contracts.
  • Develop and direct production of reports and analyze financial results of the risk management program.
  • Develop training programs on insurance and risk management issues.
  • Spearhead risk management due diligence related to acquisitions.
  • Direct inspections, surveys and audits within family portfolio, operating businesses and partnership deal contracts.
  • Ensure all reporting requirements are met under existing insurance policies.
  • Direct risk management staff.
  • Travel 15%-20% of the time.

Qualifications

  • Bachelor's Degree (Risk Management Degree Preferred); Master's Degree in Business Administration preferred.
  • CPCU, ARM or CRM preferred.
  • Strong communication, presentation and interpersonal skills.
  • Strong problem resolution and analytical abilities.
  • Deep understanding of Risk Management for a large, complex organization to include commercial insurance placement and E,H,S in a corporate role (preferred) or consulting role.
  • Strong understanding of insurance coverages.
  • Management experience with captive insurance companies and Enterprise Risk Management processes.
  • Working knowledge of Microsoft Office and Excel.
  • Ability to make quick and practical decisions.
  • Focused, organized & results oriented.
     

The Starting Salary Range: $350k-$420k with bonus eligibility. Exact compensation may vary based on skills, experience, and location. To see an overview of all our benefits please go to our career portal here.

Don't meet every single requirement? Studies have shown that women, members of the LGBTQIA+ community, individuals experiencing disability and BIPOC are less likely to apply to jobs unless they meet every single qualification. At HCC/CCI we are dedicated to building a diverse, inclusive and authentic workplace, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.