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Entrylevel Insurance Risk Management Jobs in Chicago, IL

Swiss Re

Clinical Risk Manager

Schaumburg, IL · Hybrid

$84K - $140K/yr

A background in a Clinical Risk Management position is encouraged but will consider qualified ... This position is ideal for applicants looking to enter the insurance sector in a nurse consultant ...

Aon

Senior Property Risk Control Consultant

Chicago, IL · On-site +1

$137K - $160K/yr

Applicant must be proficient in managing client, carrier, and insurance brokerage relationships. Excellent communication skills a must and should be able to effectively explain general property risk ...

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As of Jun 7, 2026, the average yearly pay for entrylevel insurance risk management in Chicago, IL is $125,168.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,000.00 and $142,200.00 per year, depending on experience, location, and employer.
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Marketing Bus Risk & Cmpl Spec

Marketing Bus Risk & Cmpl Spec

Old National Bank

Chicago, IL • On-site

$60K - $121K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 8 days ago

Old National Bank rating

8.0

Company rating: 8.0 out of 10

Based on 35 frontline employees who took The Breakroom Quiz

54th of 141 rated banks

Job description

Overview
Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.
Responsibilities
The Marketing Business Risk and Compliance Specialist is a first line of defense risk management role embedded within the Marketing function. This role owns and executes first-line business risk management activities aligned with the Bank's operational and compliance risk-management frameworks, while also performing initial regulatory compliance reviews of marketing materials and activities to enable timely, compliant campaign execution.
As the primary first-line risk owner for marketing-related operational and regulatory compliance risks, including UDAAP, this role plays a critical part in protecting the Bank, its customers, and the Brand.
The role reports to the Marketing Director and partners closely with the Business Risk Office and other first-line risk management teams. The Specialist works cross-functionally with Marketing, Product, Legal, Corporate Compliance, and Business Risk Office partners to ensure risks are identified early, controls are effective, and campaigns move forward efficiently and compliantly.
Salary Range
The annual salary range for this position is $60,000-$121,300 plus incentive bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.
Key Accountabilities
First Line Business Risk Management: Serve as the designated first-line risk owner for the Marketing function, consistent with the Bank's Business Risk Officer framework.
  • Identify, assess, document, and monitor marketing-related risks, including operational, regulatory, compliance, reputational, and consumer risks.
  • Proactively identify control gaps, emerging risks, and process weaknesses, escalating material issues in accordance with established risk-escalation protocols.
  • Support the design, implementation, and ongoing maintenance of first-line controls to mitigate marketing risks, including centralized marketing review workflows, documentation standards, and other first-line governance processes.
  • Participate in and support risk and control assessments, issue management, management action plans, and remediation activities related to Marketing.
  • Coordinate and support regulatory examinations, audits, and internal reviews impacting Marketing by organizing first-line responses, documentation, and remediation efforts.
  • Conduct risk-based monitoring and analysis to identify trends, repeat issues, and systemic control improvement opportunities, including analysis of client complaint trends.
  • Partner with Enterprise Risk Management and Corporate Compliance to identify and address risk management and regulatory compliance training needs across Marketing.

Marketing Review & Advisory: Perform initial first-line compliance review and approval of marketing materials across all channels, including advertising, digital content, email campaigns, social media, branch signage, sponsorships, promotions, and other customer-facing communications.
  • Review marketing strategies, claims, disclosures, and disclaimers to ensure accuracy, clarity, completeness, fairness, and compliance with applicable laws, regulations, and internal standards, including UDAAP, ECOA, Truth in Savings, Truth in Lending, FDIC usage, and related consumer-protection requirements, leveraging established compliance review checklists.
  • Provide real-time guidance and advisory support to Marketing partners throughout the campaign lifecycle to proactively minimize rework and reduce risk.
  • Identify higher-risk, novel, or complex issues and escalate to Corporate Compliance and/or Legal in accordance with defined escalation criteria.
  • Coordinate risk management activities related to the development, fulfillment, and ongoing monitoring of promotional activities.
  • Support the development, maintenance, and adoption of approved marketing templates, disclosures, and standard language to drive consistency and risk mitigation across channels.

Key Competencies for Position
  • Risk Awareness & Judgment: Identifies marketing-related operational and compliance risks and applies sound judgment within established frameworks and standards.
  • Marketing Fluency: Understands marketing channels, campaign workflows, and time-to-market pressures.
  • Communication: Clearly and constructively explains compliance requirements to non-compliance partners.
  • Collaboration: Builds trust and strong working relationships with Marketing, Legal, Compliance, and Risk stakeholders.
  • Attention to Detail: Ensures accuracy of claims, disclosures, and supporting documentation.
  • Process Discipline: Adheres to review standards and maintains clear, defensible documentation and audit trails.
  • Timeliness: Works efficiently and effectively to meet campaign timelines and established service-level expectations.

Qualifications and Education Requirements
  • Bachelor's degree in Business, Marketing, Finance, Communications, Risk Management, or a related field.
  • 5+ years of experience in banking or financial services marketing, compliance, risk, or legal review.
  • Working knowledge of financial services advertising requirements and consumer-protection principles.
  • Familiarity with digital marketing channels (web, email, social, paid media).
  • Strong written and verbal communication skills.
  • Proficiency in Microsoft Office; experience with content review or workflow tools preferred.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.
Our culture is firmly rooted in our core values.
We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.
We are Old National Bank. Join our team!

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