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Executive Risk Management Jobs in Illinois (NOW HIRING)

Reporting directly to the Chief Risk Officer, EVP , the Director of Risk Management will oversee complex insurance programs, captive operations, claims management, and key financial and strategic ...

Director of Risk Management

Oak Brook, IL · On-site

$145.57 - $189.24/hr

Reporting directly to the Chief Risk Officer, EVP , the Director of Risk Management will oversee complex insurance programs, captive operations, claims management, and key financial and strategic ...

The Director serves as a trusted advisor to executive leadership, operations, and project teams, ensuring the Company's risk profile is proactively managed, financially optimized, and aligned with ...

New

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

The Director serves as a trusted advisor to executive leadership, operations, and project teams, ensuring the Company's risk profile is proactively managed, financially optimized, and aligned with ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

The Director serves as a trusted advisor to executive leadership, operations, and project teams, ensuring the Company's risk profile is proactively managed, financially optimized, and aligned with ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

The Director serves as a trusted advisor to executive leadership, operations, and project teams, ensuring the Company's risk profile is proactively managed, financially optimized, and aligned with ...

Manage activities related to model governance and assist VP model risk management in creating reports for the senior management, executive management, risk committees, and regulatory exams. * Manage ...

Manage activities related to model governance and assist VP model risk management in creating reports for the senior management, executive management, risk committees, and regulatory exams. * Manage ...

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Showing results 1-20

Executive Risk Management information

See Illinois salary details

$25.1K

$85.1K

$182.5K

How much do executive risk management jobs pay per year?

As of Aug 8, 2026, the average yearly pay for executive risk management in Illinois is $85,067.00, according to ZipRecruiter salary data. Most workers in this role earn between $52,600.00 and $102,300.00 per year, depending on experience, location, and employer.

What do executive risk management professionals do?

Executive risk management professionals identify, assess, and develop strategies to mitigate risks that could impact an organization's leadership, reputation, or financial stability. They analyze potential threats, implement policies, and work with senior management to ensure risk controls are effective, often using tools like risk assessment software and requiring certifications such as CRM or ARM. Their role involves continuous monitoring and advising on risk-related issues at the executive level.

Can you make a lot of money in executive risk management?

Executive risk management professionals can earn high salaries, especially with experience, advanced certifications, and leadership roles. Compensation varies based on industry, company size, and geographic location, with senior positions often offering substantial bonuses and benefits.

What is the difference between Executive Risk Management vs Risk Analyst?

AspectExecutive Risk ManagementRisk Analyst
CredentialsCertifications like CRM, ARM, or CPCU often preferredSimilar certifications may be beneficial but less common
Work EnvironmentStrategic, executive-level decision-making, often in corporate officesData analysis, risk assessment, and reporting, typically in office settings
Employer & IndustryLarge corporations, insurance firms, financial institutionsInsurance companies, consulting firms, financial services

Executive Risk Management focuses on high-level risk strategies and decision-making for organizations, while Risk Analysts primarily analyze data to identify and assess risks. Both roles require relevant certifications and are integral to risk mitigation but differ in scope and responsibilities.

What are the most commonly searched types of Risk Management jobs in Illinois? The most popular types of Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Executive Risk Management jobs? Cities in Illinois with the most Executive Risk Management job openings:
Infographic showing various Executive Risk Management job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 13% Part Time, and 3% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $85,067 per year, or $40.9 per hour.

Experienced Sales Executive - Risk Management

Cottingham & Butler

Des Plaines, IL

Full-time

Re-posted 11 days ago


Cottingham & Butler rating

8.6

Company rating: 8.6 out of 10

Based on 15 frontline employees who took The Breakroom Quiz

87th of 303 rated insurance


Job description

We are seeking an experienced Risk Management Insurance Broker with at least 3 years' experience of B2B sales in the P&C space. This role will be responsible for providing expert advice and guidance to clients in navigating the complex landscape of insurance and connected programs. Individuals who apply should possess:

  • Proven experience and success as an insurance broker, with a focus on property & casualty sales.
  • A strong understanding of insurance and risk management products to evaluate complex policies and identify cost-saving opportunities.
  • Ability to work with C-Suite Executives to develop the best risk management solution for their insurance program.
  • Excellent communication and interpersonal skills and the ability to build rapport and trust with clients.

Join a Winning Team: The individual in this role will joining a team with a solid track record of success in the insurance industry. We have a high concentration of clients in Construction, Manufacturing, and Food & Agriculture industries. Over the years, our team has experienced double digit growth year-over-year (driven organically) and a client retention over 90%. This growth is a testament to our team's ability to adapt to changing market dynamics, anticipate client needs, and deliver results. A few highlights about our team:

Unmatched Sales Support: We surround our sales team with everything they need to be successful, including:

  • Experienced Account Management Teams – Your clients will be in good hands with our account management teams. They are capable and proficient. In addition to having skilled account managers, we intentionally build redundancy into the teams to ensure that clients get the best service possible.
  • In-House Specialists- Our team includes people that specialize in compliance, HR consulting, analytics, client communications, worksite products, stop loss and technology.
  • Tools & Resources- You will have assessments, checklists, audits, etc. that you can use to tailor custom strategies for each client. You will also have access to partner companies that will provide you with additional resources, such as ThinkHR and Zywave, etc.

Ultimately, we like to win and have a track record of doing it year-over-year. Many of the best brokers in the nation have chosen to call Cottingham & Butler home and have built careers unlike anything in the industry. Here is a link to a highlight video from one of our National Sales Celebration Events or hear from one of our Risk Management Sales Executives: www.bit.ly/www.bit.ly/salesCB.

Pay & Benefits

  • Full salary + bonus
  • Most Benefits start Day 1
    • Medical, Dental, Vision Insurance
    • Flex Spending or HSA
    • 401(k) with company match
    • Profit-Sharing/ Defined Contribution (1-year waiting period)
    • PTO/ Paid Holidays
    • Company-paid ST and LT Disability
    • Maternity Leave/ Parental Leave
    • Subsidized Parking
    • Company-paid Term Life/ Accidental Death Insurance

About Cottingham & Butler:

At Cottingham & Butler, we sell a promise to help our clients through life's toughest moments. To deliver on that promise, we aim to hire, train, and grow the best professionals in the industry. We look for people with an insatiable desire to succeed, are committed to growing, and thrive on challenges. Our culture is guided by the theme of "better every day" constantly pushing ourselves to be better than yesterday – that's who we are and what we believe in.

As an organization, we are tremendously optimistic about the future and have incredibly high expectations for our people and our performance. Our ability to grow as a company, fuels investments in new resources to better serve our clients and provide the amazing career opportunities our employees want and deserve. This is why we are a growth company and why we are committed to being better every day.

Want to learn more? Follow us on www.CottinghamButler.com | LinkedIn | Facebook


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