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Enterprise Risk Management Jobs in Illinois (NOW HIRING)

Addison Group

Risk & Compliance Associate

Chicago, IL · On-site

$50 - $60/hr

This opportunity offers exposure to global operations, enterprise risk management initiatives, and high-impact compliance programs within a respected international organization. The Risk & Compliance ...

Capital One

Manager, Risk Manager

Riverwoods, IL · On-site

... Risk Management, Enterprise Risk Management, Compliance, Business Risk Offices, Information ... Technology, Basel Program, Internal Audit, and Regulatory Relations-to achieve unified risk ...

Capital One

Manager, Risk Manager

Riverwoods, IL · On-site

... Risk Management, Enterprise Risk Management, Compliance, Business Risk Offices, Information ... Technology, Basel Program, Internal Audit, and Regulatory Relations-to achieve unified risk ...

Capital One

Risk Manager

Riverwoods, IL · On-site

Implement and maintain the process management lifecycle, ensuring the enterprise process hierarchy ... Risk Assessment Support: Ensure the process hierarchy is structured to allow risk owners to ...

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All JobsEnterprise Risk Management JobsEnterprise Risk Management Jobs in Illinois

Enterprise Risk Management information

See Illinois salary details

$49.9K

$108.1K

$164.7K

How much do enterprise risk management jobs pay per year?

As of Aug 8, 2026, the average yearly pay for enterprise risk management in Illinois is $108,101.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

What is enterprise risk management?

An Enterprise Risk Management (ERM) job involves identifying, assessing, and mitigating risks that could impact an organization's strategic objectives. Professionals in this role develop risk frameworks, ensure compliance with regulations, and implement strategies to minimize financial, operational, and reputational risks. They work closely with leadership to improve decision-making by integrating risk assessments into business planning. Ultimately, ERM professionals help organizations navigate uncertainties while maximizing opportunities for growth and stability.

What does an enterprise risk management do?

An enterprise risk management (ERM) professional identifies, assesses, and prioritizes risks that could impact an organization’s objectives. They develop strategies to mitigate or manage these risks, often using tools like risk assessments and frameworks such as COSO. ERM professionals help organizations improve decision-making and ensure compliance with regulations.

What are the typical daily responsibilities of someone working in enterprise risk management?

Professionals in Enterprise Risk Management (ERM) typically spend their days identifying, assessing, and prioritizing organizational risks, collaborating with various departments to gather data and implement risk mitigation strategies. They may conduct risk workshops, develop and update risk registers, monitor key risk indicators, and prepare reports for senior leadership. Regular meetings with business units and stakeholders ensure alignment on risk appetite and compliance with policies. This role often involves a balance of independent analysis and teamwork, making strong communication and problem-solving abilities essential.

What are the key skills and qualifications needed to thrive in enterprise risk management, and why are they important?

To thrive in Enterprise Risk Management, you need a strong analytical background, proficiency in risk assessment methodologies, and often a degree in finance, business, or a related field. Familiarity with risk management software (like RSA Archer or MetricStream), data analysis tools, and certifications such as FRM (Financial Risk Manager) or CRM (Certified Risk Manager) are highly valued. Outstanding communication, strategic thinking, and collaboration skills help professionals effectively identify, assess, and mitigate risks across an organization. These skills are crucial to ensuring organizations remain resilient, compliant, and prepared for potential threats.

What are the most commonly searched types of Enterprise Risk Management jobs in Illinois? The most popular types of Enterprise Risk Management jobs in Illinois are:
What are popular job titles related to Enterprise Risk Management jobs in Illinois? For Enterprise Risk Management jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Enterprise Risk Management jobs in Illinois look for? The top searched job categories for Enterprise Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Enterprise Risk Management jobs? Cities in Illinois with the most Enterprise Risk Management job openings:
Enterprise Risk Management jobs near you
Infographic showing various Enterprise Risk Management job openings in Illinois as of August 2026, with employment types broken down into 87% Full Time, 10% Part Time, 1% Temporary, and 2% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $108,101 per year, or $52 per hour.

Martin & Bayley, Inc., Director of Risk Management

Huck's Market

Carmi, IL • On-site

$60K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 22 days ago

Job description

This is so much more than just a job!
Come join a company where you have an opportunity to be an owner. We are a 100% Employee-Owned Company.
It takes a special person to be an Associate with Huck's. Our standards for customer service and store cleanliness are extremely high. All our Associates are expected to give our customers fast, friendly service at all times.
Our golden rule: "The customer is the most important person in all our stores."
Director of Risk Management
Job Purpose:
The Director of Risk Management is responsible for overseeing and managing the company's enterprise risk, insurance programs, and claims administration across all operations. This role will provide strategic leadership in developing and implementing risk mitigation strategies while ensuring compliance with regulatory requirements. The Director will supervise risk-related functions, including workers' compensation, general liability, employee-related claims, and safety programs, ensuring consistent application of policies and standards. Additionally, this individual will collaborate with cross-functional teams to reduce exposures, manage audits, and enhance overall risk performance, with a focus on protecting company assets, reducing costs, and supporting operational excellence.
Job Duties and Responsibilities:
Leadership and Strategy:
  • Lead, mentor, and supervise staff involved in risk, claims, and safety management.
  • Develop and implement enterprise risk management policies, procedures, and initiatives, ensuring alignment with company objectives.
  • Serve as the primary liaison with insurance brokers, carriers, legal counsel, and regulators.
  • Provide executive leadership with strategic insights into risk exposures, claims trends, and mitigation opportunities.

Risk and Claims Management:
  • Oversee all corporate insurance programs, including Workers' Compensation, General Liability, EPLI, Auto, Property, and Cyber.
  • Manage litigation, including high-dollar or complex cases, ensuring timely and cost-effective resolution.
  • Direct the handling of active claims and investigations, including harassment, wrongful termination, EEOC, and other employment-related claims.
  • Ensure accurate reporting of GL/WC accruals, reserves, and claim status to Finance and HR leadership.

Compliance and Audits:
  • Coordinate and oversee audits, including EEOC, OSHA, Department of Labor, and Workers' Comp audits.
  • Maintain accurate reporting for regulatory agencies, including labor bureau statistics and insurance census.
  • Ensure compliance with state and federal employment laws, risk regulations, and insurance requirements.

Safety and Loss Prevention:
  • Lead safety initiatives across the company, ensuring inspections and corrective actions are performed consistently.
  • Partner with Operations and HR to address workplace safety needs and outcomes.
  • Develop emergency preparedness and business continuity plans, including storm, fire, and workplace response procedures.

Training and Development:
  • Provide training to managers and associates on safety, claims reporting, and risk prevention practices.
  • Foster a culture of accountability and awareness regarding workplace safety and compliance.
  • Keep leadership informed of changes in laws, regulations, and industry best practices impacting risk management.

Financial Oversight:
  • Monitor and analyze financial performance related to claims costs and insurance premiums.
  • Negotiate insurance renewals, settlements, and vendor agreements to ensure cost effectiveness.
  • Identify areas for cost reduction while maintaining appropriate coverage and compliance.

Communication and Collaboration:
  • Act as the key point of contact between corporate leadership, insurance partners, and external counsel.
  • Collaborate with HR, Payroll, Benefits, and Operations on high-risk associate matters.
  • Provide regular reporting and recommendations to the executive team regarding exposure and trends.

Qualifications:
  • Bachelor's degree in Risk Management, Business Administration, Finance, or related field. Master's degree preferred.
  • 10+ years of experience in risk management, insurance, or compliance, with at least 3 years in a leadership role.
  • Proven experience managing insurance programs and complex claims in a multi-unit retail or service environment.
  • Strong understanding of employment law, workers' compensation, liability, and regulatory compliance.
  • Excellent negotiation, leadership, and communication skills.
  • Financial acumen with experience in claims reserves, accruals, and insurance cost management.

Key Competencies:
  • Results-driven, with a focus on reducing exposures and protecting company assets.
  • Strong analytical and problem-solving skills, with ability to make data-driven decisions.
  • Ability to lead teams and collaborate across multiple departments.
  • Deep knowledge of insurance, compliance, and safety best practices.

Benefits:
  • Competitive salary commensurate with experience.
  • Comprehensive benefits package including health, dental, vision, and life insurances, ESOP, 401K with match, paid time off, and paid holidays.
  • Opportunities for career advancement and professional development within a growing company.
  • Employee discounts for food and fuel.

The Requirements, Duties, and Responsibilities list is incomplete but is merely the most accurate list for the current job. Management reserves the right to revise the job description and to require that other tasks be performed when the circumstances of the job change (for example, emergencies, changes in personnel, workload, or technical development).
Huck's is an equal opportunity employer. At Huck's we are committed to treating all Applicants and Team Members fairly based on their abilities, achievements, and experience without regard to race, national origin, sex, age, disability, veteran status, sexual orientation, gender identity or any other classifications protected by law.

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