ZipRecruiter

Log In

1

Director Operational Risk Jobs in Palatine, IL (NOW HIRING)

Clear Street

Associate Director, Risk & Margin

Chicago, IL · On-site

$125K - $170K/yr

... Director to join our Risk/ Margin team. This critical role involves overseeing daily margin ... Partner with Technology, Operations, Legal, and Front Office teams to execute new product launches ...

Smarkets

Chief Risk Officer

Chicago, IL · On-site

$150 - $200/hr

... operational risk within a DCM, DCO, or comparable regulated market infrastructure in the United States, with direct responsibility for risk and system safeguards, not advisory or supporting ...

IMC

Experienced Risk Manager

Chicago, IL

Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ... direct exposure to senior leadership, and the ability to influence both day-to-day trading ...

Early Warning Services

IT Risk Manager

Chicago, IL · Hybrid

... Director if meeting departmental goals and objectives. * Build and manage the business line's centralized LOD1 function; act as business-line liaison to Enterprise Risk Management, Operational Risk ...

PremiStar

Risk Manager

Deerfield, IL · On-site

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 ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ... direct exposure to senior leadership, and the ability to influence both day-to-day trading ...

next page

Showing results 1-20

All JobsOperational Risk JobsDirector Operational Risk JobsDirector Operational Risk Jobs in Palatine, IL

Director Operational Risk information

See Palatine, IL salary details

$54.3K

$143.9K

$261.3K

How much do director operational risk jobs pay per year?

As of Aug 8, 2026, the average yearly pay for director operational risk in Palatine, IL is $143,912.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,000.00 and $168,400.00 per year, depending on experience, location, and employer.

What does a director of operational risk do?

A Director of Operational Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations. They develop risk management strategies, implement controls, and ensure compliance with relevant regulations. This role typically involves collaborating with different departments, reporting to senior management, and overseeing risk assessments and audits. The goal is to minimize losses and protect the organization from potential operational failures or external threats.

How does a director of operational risk typically collaborate with other departments to manage enterprise-wide risks?

A Director of Operational Risk works closely with teams across the organization—including compliance, internal audit, IT, and business unit leaders—to identify, assess, and mitigate potential risks. This collaboration often involves organizing risk assessments, sharing best practices, and developing response strategies for incidents. Regular cross-functional meetings and reporting are common, ensuring that risk management is integrated into day-to-day business operations. Effective communication and relationship-building are crucial for success in this role, as the Director must foster a risk-aware culture throughout the company.

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

AspectDirector Operational RiskRisk Manager
CredentialsTypically requires advanced degrees (e.g., MBA, Risk Management certifications)Often requires similar certifications but may have less emphasis on advanced degrees
Work EnvironmentStrategic, leadership-focused, overseeing risk frameworks across departmentsOperational, focused on identifying and mitigating specific risks within teams
Employer & Industry UsageCommon in banking, finance, insurance, and large corporationsFound across various industries including finance, healthcare, and manufacturing

The main difference is that the Director of Operational Risk typically holds a senior leadership role responsible for setting risk strategies and policies, while the Risk Manager focuses on implementing risk mitigation measures at the operational level. Both roles require relevant certifications and experience, but the Director position involves broader strategic oversight.

What are the key skills and qualifications needed to thrive as a director of operational risk, and why are they important?

A Director of Operational Risk needs deep knowledge of risk management frameworks, regulatory requirements, and operational processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, data analytics platforms, and certifications such as FRM or CRM is highly valued. Strong leadership, analytical thinking, and effective communication are essential soft skills for guiding teams and influencing stakeholders. These competencies are crucial for identifying, assessing, and mitigating risks that could impact organizational objectives and regulatory compliance.
What job categories do people searching Director Operational Risk jobs in Palatine, IL look for? The top searched job categories for Director Operational Risk jobs in Palatine, IL are:
What cities near Palatine, IL are hiring for Director Operational Risk jobs? Cities near Palatine, IL with the most Director Operational Risk job openings:
Director Operational Risk jobs near you

Director Operational Risk Management & Safety

3 Step Sports, LLC

Glenview, IL • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Position Overview The Director of Operational Risk Management & Safety acts as a strategic advisor and hands-on implementer contributing to the overall success of the business by helping the organization navigate uncertainty and achieve its objectives. This newly created key role proactively manages risks internally and externally to include public facing events and is responsible for developing and executing a comprehensive framework to identify, assess, and mitigate risks across our operations as well as ensuring the organization is prepared for potential threats and opportunities. Initial focus areas include creating emergency management, business continuity, and training programs and processes. Location Hybrid based in Glenview, IL. Travel This position will require occasional travel to our sites. Key Responsibilities Developing and Implementing Risk Management Framework: Creating and maintaining a framework that outlines how the organization identifies, assesses, and responds to risks. Emergency Management: Developing and implementing emergency response plans to protect the organization's employees, assets, and ensuring that employees are prepared for various emergency situations. Business Continuity: Design and implement strategies for the continuation of operations during a crisis. Developing and Implementing Safety Programs: Creating and updating safety policies, procedures, and training programs to address potential hazards and ensure compliance with regulations. Monitoring and Reporting: Tracking and reporting on key risk indicators (KRIs), monitoring the effectiveness of risk mitigation strategies, and escalating significant risks to senior management. Claims Management: Managing the entire claims process, from intake and investigation to resolution, and coordinating with legal teams to minimize legal risks and protect the company. Stakeholder Engagement: Collaborating with various departments and levels of the organization, including senior leadership, to embed risk management into decision-making processes. Staying Current: Keeping abreast of industry best practices, regulatory changes, and emerging risks to ensure the safety frameworks are up to date and remain effective. Requirements Bachelor's degree in business. Relevant professional certifications are a bonus. Risk, Safety and Emergency Response Management Experience: 10 years of progressive experience in operational and insurance risk management and public safety roles. Risk Assessment and Implementation: Conducted risk assessments and developed practical solutions for risk mitigation. Analytical and Communication Skills: Analyzed complex data, interpreted trends, and presented findings. Cross-Functional Collaboration: Worked with various departments to build a comprehensive risk management and safety program. Benefits Competitive compensation Comprehensive benefits package, including medical, dental, vision, FSA accounts, life insurance, paid holidays, and a generous PTO plan, as well as other elective insurance options 401K retirement savings plan with 50% company match We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, age, disability, gender identity, marital or veteran status, or any other protected class. #J-18808-Ljbffr

Apply