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Enterprise Risk Management Jobs in Chicago, IL (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 ...

Epitec

Risk Manager - US

Chicago, IL · On-site

$78 - $82/hr

Strong understanding of manufacturing operations, workplace safety practices, and enterprise risk management. Key Skills * Commercial Insurance Program Management * General & Product Liability Claims

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All JobsEnterprise Risk Management JobsEnterprise Risk Management Jobs in Chicago, IL

Enterprise Risk Management information

See Chicago, IL salary details

$53.1K

$115K

$175.3K

How much do enterprise risk management jobs pay per year?

As of Aug 16, 2026, the average yearly pay for enterprise risk management in Chicago, IL is $115,010.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,800.00 and $133,000.00 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 Chicago, IL?

The most popular types of Enterprise Risk Management jobs in Chicago, IL are:

What are popular job titles related to Enterprise Risk Management jobs in Chicago, IL?

For Enterprise Risk Management jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Enterprise Risk Management jobs in Chicago, IL look for?

The top searched job categories for Enterprise Risk Management jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Enterprise Risk Management jobs?

Cities near Chicago, IL with the most Enterprise Risk Management job openings:

Enterprise Risk Management jobs near you
Infographic showing various Enterprise Risk Management job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 87% In-person, and 13% Hybrid job distribution, with an average salary of $115,010 per year, or $55.3 per hour.

Associate Principal, Operational Risk Management and Controls

The Options Clearing Corporation

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 14 days ago

Job description

To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.
What You'll Do:
This role will provide critical support to the Director of Operational Risk to evaluate IT and Security risks by assisting with risk assessments and applying aspects of the risk management framework across the process, risk, and control universe. Additionally, this role will help with the risk assessment program activities, coordinate with other functions (e.g. IT, Security, TPRM, Legal, Compliance, and Internal Audit) and facilitate appropriate ORM governance to ensure alignment to OCC strategy and short-term objectives.
The Operational Risk Management (ORM) department identifies, measures, monitors, and reports risks and exposures across the organization through the Risk Management Framework, and specifically through several risk programs, including but not limited to: Enterprise Risk Assessments (ERA) , Risk Event Analysis, Scenario Analysis, Key Risk Indicators, and Risk Reporting. The ORM team is a dedicated group of professionals focused on developing and executing second line of defense oversight responsibilities for OCC.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
  • Collaborate with IT, Security, TPRM, Legal, Compliance, and Internal Audit to ensure that ORM contributes to strengthening the overall effective management of IT and Security risk across the organization.
  • Lead the OCC's risk identification and assessment process (Risk Intake) for IT, Security and business risks, and verify the consistency and reliability of the associated frameworks and systems.
  • Drive adherence to methodologies, guidance, and standards applicable to risk identification and assessment frameworks.
  • Maintain risk inventories, taxonomies, and other elements supporting IT & Security risk management and compliance activities
  • Lead and execute the IT and Security risk assessment process, while aligning to the risk and control universe, and regulatory requirements and expectations.
  • Ensure issues are properly reported to business areas and remediated appropriately to reduce outstanding risk or performance breakdowns
  • Generate reports of Archer data for various stakeholders, including regulators.
  • Help automate IT & Security risk oversight.
  • Communicate results of risk assessments to governance committees, business owners, and various levels of leadership.
  • Collaborate on the enhancement and maintenance of ORM program methodologies, policies, procedures, and job aides, including the development of new program activities.
  • Track and update ORM team internal findings, external exam issues, and business area self-identified issues resulting from Enterprise Risk Assessment.

Supervisory Responsibilities
None
Are the essental duties of this job required to be performed in an OCC office location? Yes - Chicago office 3 days/week
Qualifications:
The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.
  • [Required] Advanced understanding of IT risk, Security risk, and intermediate understanding of Operational risk
  • [Required] Ability to act as a trusted advisor and provide effective challenge
  • [Required] Creative, independent thinker, with a willingness to develop and drive new ideas
  • [Required] Excellent written, verbal and presentation skills
  • [Required] Must be team-oriented and be able to collaborate effectively in department and cross-departmental efforts
  • [Required] Ability to work under pressure and with tight deadlines
  • [Preferred] Familiarity with Financial Market Utilities; securities and derivatives markets
  • [Preferred] Ability to work in a highly regulated environment, including with the SEC, CFTC, and Federal Reserve; Familiarity with the Covered Clearing Agency regulations

Technical Skills & Background
  • [Required] Proficient in Microsoft Word, Excel, Access, and PowerPoint
  • [Required] Experience with eGRC systems (e.g., Archer)

Education & Training
  • [Required] Bachelor's Degree in Finance, Business, Information Systems, Computer Science (or equivalent) preferred
  • [Required] 3+ years of experience in enterprise risk, technology risk, security risk, or risk consultancy, specifically with focus on assessing IT and Security risk
  • [Preferred] Consulting experience

Certificates or Licenses:
  • [Preferred] Certification such as: CPA, CISSP, Security+, CSX-P, CET, CISA or CISM

About Us
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.
Benefits
A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:
  • A hybrid work environment, up to 2 days per week of remote work
  • Tuition Reimbursement to support your continued education
  • Student Loan Repayment Assistance
  • Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
  • Generous PTO and Parental leave
  • 401k Employer Match
  • Competitive health benefits including medical, dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.
Compensation
  • The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
  • In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
  • We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
  • All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range
$98,100.00 - $142,000.00
Incentive Range
8% to 15%
This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.
Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.
Step 2
You will receive an email notification to confirm that we've received your application.
Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.
For more information about OCC, please click here.
OCC is an Equal Opportunity Employer

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