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

... Director to join our Risk/ Margin team. This critical role involves overseeing daily margin ... Proficiency in data analysis tools and programming languages (e.g., SQL, Python, R). * Excellent ...

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

Support the Senior Director, Risk Policy, Recovery & Resolution in building out risk management ... The Risk Management Policy Analyst will be responsible for establishing and maintaining risk ...

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

Support the Senior Director, Risk Policy, Recovery & Resolution in building out risk management ... The Risk Management Policy Analyst will be responsible for establishing and maintaining risk ...

Data Analytics & Reporting Role Summary The Manager, Enterprise Risk Appetite (ERA), is an individual contributor role within Enterprise Risk Management. The position reports to the Director, Risk ...

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Manager, Risk Appetite

Chicago, IL · On-site

$74K - $138K/yr

Data Analytics & Reporting Role Summary The Manager, Enterprise Risk Appetite (ERA), is an individual contributor role within Enterprise Risk Management. The position reports to the Director, Risk ...

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... direct exposure to senior leadership, and the ability to influence both day-to-day trading ... Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios

New

Manager, Risk Appetite

Chicago, IL · On-site

$74K - $138K/yr

Data Analytics & Reporting Role Summary The Manager, Enterprise Risk Appetite (ERA), is an individual contributor role within Enterprise Risk Management. The position reports to the Director, Risk ...

The position reports to the Director, Risk Appetite, in the Risk Appetite & Portfolio Management ... Ability to analyze complex information deeply and derive meaningful insights. * Attention to detail:

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Director Risk Analytics information

See Chicago, IL salary details

$11.3K

$146.3K

How much do director risk analytics jobs pay per year?

As of Aug 3, 2026, the average yearly pay for director risk analytics 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 are the key skills and qualifications needed to thrive as a Director of Risk Analytics, and why are they important?

To thrive as a Director of Risk Analytics, you need deep expertise in quantitative analysis, risk management frameworks, and a relevant advanced degree such as a master's or PhD in finance, mathematics, or statistics. Familiarity with risk modeling tools, statistical software (like SAS, R, or Python), and regulatory compliance systems is typically required. Outstanding leadership, strategic thinking, and effective communication skills distinguish top performers in this role. These capabilities are crucial for accurately assessing risk, leading analytical teams, and supporting informed decision-making across the organization.

What does a Director of Risk Analytics do?

A Director of Risk Analytics leads a team responsible for identifying, assessing, and mitigating risks that could impact an organization's financial health or operations. They use data analysis and statistical models to evaluate potential threats, develop risk management strategies, and report findings to senior leadership. This role often collaborates with other departments to implement risk controls and ensure compliance with industry regulations. Additionally, the Director of Risk Analytics stays updated on emerging risks and adapts analytics frameworks accordingly to protect the organization.

How does a Director of Risk Analytics typically collaborate with other departments within an organization?

A Director of Risk Analytics frequently works cross-functionally, partnering with departments such as finance, compliance, IT, and operations to identify, assess, and mitigate risks. This role often leads discussions with business leaders to understand strategic objectives and develop data-driven risk management solutions. Effective collaboration ensures that risk policies are aligned with organizational goals and that analytics insights are integrated into decision-making processes across the company. Regular meetings, presentations of risk reports, and joint projects are common ways this collaboration is achieved.

What is the difference between Director Risk Analytics vs Risk Analyst?

AspectDirector Risk AnalyticsRisk Analyst
Required CredentialsBachelor's/Master's in Finance, Economics, or related; often certifications like FRM or CFABachelor's degree in Finance, Economics, or related; certifications like FRM or CFA are a plus
Work EnvironmentStrategic leadership, overseeing teams, high-level decision makingData analysis, risk assessment, reporting
Employer & Industry UsageFinancial institutions, insurance companies, large corporationsFinancial firms, banks, investment companies

The main difference between a Director Risk Analytics and a Risk Analyst lies in their level of responsibility and scope. Directors focus on strategic risk management, leading teams and making high-level decisions, while Risk Analysts handle data analysis and risk assessment tasks. Both roles require similar credentials, but the Director role involves more leadership and strategic planning.

What are the most commonly searched types of Risk Analytics jobs in Chicago, IL? The most popular types of Risk Analytics jobs in Chicago, IL are:
What job categories do people searching Director Risk Analytics jobs in Chicago, IL look for? The top searched job categories for Director Risk Analytics jobs in Chicago, IL are:
Infographic showing various Director Risk Analytics job openings in Chicago, IL as of July 2026, with employment types broken down into 93% Full Time, 5% Part Time, and 2% Contract. Highlights an 82% Physical, 6% Hybrid, and 12% Remote job distribution, with an average salary of $145,262 per year, or $69.8 per hour.

Global Head of Catastrophe Risk Analytics

Starr Insurance Companies

Chicago, IL

Full-time

Posted 26 days ago


Job description

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

The Group Head of Catastrophe Risk Analytics is responsible for leading Catastrophe risk analytics activities across all of Starr Group. This critical leadership position acts as a thought leader and strategic partner, ensuring world-class approaches to catastrophe risk modeling, Risk Analytics, and helps build portfolio management framework that is aligned with underwriting and enterprise risk management strategies. The ideal candidate has deep expertise in catastrophe modeling, a strong analytical mindset, exceptional communication skills, and proven leadership experience.

Key Responsibilities:

  • Develop and execute the group-wide catastrophe risk analytics vision and strategy, ensuring alignment with underwriting strategy, corporate risk appetite and regulatory requirements.
  • Collaborate with underwriting, claims, actuarial, finance, and IT functions to deliver robust catastrophe risk insights that inform technical pricing, portfolio optimization, accumulation control, and capital management.
  • Lead group wide efforts to aggregate catastrophe risk, and deliver associated analytics that support development and execution of underwriting strategy
  • Lead, inspire, and mentor a team of analytics professionals, promoting collaboration, technical excellence, and innovation.
  • Evaluate emerging risks, trends, and technologies in catastrophe modeling and analytics, recommending adoption where appropriate.
  • Oversee the assessment of emerging risks (e.g., climate change, new perils) and evaluate/implement state-of-the-art analytics technology and innovation.
  • Partner with external vendors, data providers, and internal technology partners to develop and deploy optimized Catastrophe modeling workflows and toolset for production of risk analytics.

Qualifications:

  • Advanced degree in a relevant field (e.g., Actuarial Science, Statistics, Geophysics, Engineering, Applied Mathematics, or similar).
  • A minimum of 15 years' experience in catastrophe risk analytics, with significant exposure to both insurance and reinsurance business models.
  • Demonstrated experience in embedding advanced analytics and automation in catastrophe risk management processes.
  • In-depth understanding of capital modeling, risk appetites, reinsurance structures, and portfolio optimization.
  • Strong leadership and people management track record, including in diverse, global, matrixed organizations.
  • Deep expertise in utilization of vendor catastrophe models (RMS, AIR) for development of risk analytics.
  • Excellent interpersonal and communication skills; able to translate complex analytics into actionable business insights.
  • Hands-on experience with advanced analytics, statistical modeling, data governance, big data platforms and visualization tools.
  • Up-to-date knowledge of regulatory environments affecting catastrophe risk.
  • Strong programming and data science skills (e.g., Python, R, SQL).

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.