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Executive Risk Management Jobs in Chicago, IL (NOW HIRING)

Power Construction

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 ...

Wintrust

Risk Management Officer

Rosemont, IL · On-site

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 ...

Wintrust

Risk Management Officer

Rosemont, IL · Hybrid

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 ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

The Risk Analyst is responsible gathering and analyzing information in order to underwrite a ... Executive Credit Committee and/or Management. The associate will make informed decisions based on ...

Wintrust

Risk Management Analyst

Northbrook, IL

The Risk Analyst is responsible gathering and analyzing information in order to underwrite a ... Executive Credit Committee and/or Management. The associate will make informed decisions based on ...

Geneva Trading

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

The role will report to the CAO and work closely with other members of the executive suite and ... Supervise and manage all employees of the Risk team globally * Model, analyze, and optimize ...

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Showing results 21-40

All JobsRisk Management JobsExecutive Risk Management JobsExecutive Risk Management Jobs in Chicago, IL

Executive Risk Management information

See Chicago, IL salary details

$27.3K

$96.4K

$189.5K

How much do executive risk management jobs pay per year?

As of Aug 16, 2026, the average yearly pay for executive risk management in Chicago, IL is $96,372.00, according to ZipRecruiter salary data. Most workers in this role earn between $59,700.00 and $124,100.00 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 Chicago, IL?

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

Executive Risk Management jobs near you
Infographic showing various Executive Risk Management job openings in Chicago, IL 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 $96,372 per year, or $46.3 per hour.

Director of Risk Management

Power Construction

Chicago, IL • On-site

$150K - $175K/yr

Full-time

Posted 12 days ago

Job description

ABOUT POWER:
Power Construction is consistently regarded as one of Chicago's largest and most respected General Contractors according to Crain's Chicago. But beyond that, you can find us on the golf course, brewing beer, attending neighborhood festivals, giving back to the community, and spending time together during a range of company-sponsored events. Our culture is one of the reasons we've been selected by our employees as a top workplace year after year and it's reflected in our current 91% employee retention rate.
We are builders. We crave being in the field and share an appetite for innovation. We believe that bringing diverse perspectives together helps foster stronger outcomes. We are driven to wow our clients and business partners, improve our processes, hire the right people, and help them grow.
POSITION SUMMARY
The Director of Risk Management is responsible for the strategic oversight and execution of the Company's insurance, claims, and risk management programs. This position provides enterprise-level leadership across construction operations, contractual risk transfer, insurance placement, claims management, and controlled insurance programs (CCIP/OCIP/SDI). 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 long-term business objectives. The Director owns program design, renewals, and claims management while partnering with Operations, Safety, Legal, Finance, outside counsels and brokers to drive consistent risk decisions across the business.
KEY RESPONSIBILTIES
  • Partners with the VP of Risk direct departmental strategy, mentoring high-performing teams and scaling risk service offerings to support evolving business operations.
  • Optimizes the company's total cost of risk (TCOR) by strategically structuring insurance program coverages, limits, and deductibles.
  • Directs the Company's casualty insurance strategy, leading annual renewals and broker partnerships to secure optimal market placement, pricing, and coverage terms.
  • Directs the comprehensive corporate insurance portfolio-including WC, GL, Auto, Umbrella/Excess, Professional, Cyber, and SDI-ensuring program structures evolve alongside the Company's expansion.
  • Directs the claims management (investigation, reserving, litigation, resolution) and lead quarterly reviews and develop action plans to reduce severity and protect outcomes.
  • Govern CCIP/OCIP performance (enrollment, compliance, loss results) and partnering with Operations and Safety.
  • Oversee subcontractor insurance compliance and onboarding and train PM/field teams on requirements to strengthen contractual risk transfer.
  • Negotiates complex contractual risk terms-including indemnity, insurance, and liability caps-to limit corporate financial exposure.
  • Support the subcontractor prequalification framework, driving consistent enforcement of compliance policies and risk thresholds across all subcontract awards.

POSITION REQUIREMENTS
  • Required: Bachelor's degree. Preferred: Risk Management, Insurance, Finance, Construction Management, or related field.
  • Required: CRIS designation (or equivalent risk/insurance credential). Preferred: ARM, CPCU, or similar advanced designation.
  • Required: 10+ years progressive construction risk/insurance experience with direct ownership of insurance placement/renewals, claims governance, contractual risk transfer, and controlled insurance programs (CCIP/OCIP).
  • Proven people leadership and executive-level communication, that drives strategic alignment and collaboration among diverse internal stakeholders (Operations, Safety, Legal, Finance) and major external partners.

KEY COMPETENCIES
  • Translates complex loss trends, premium data, and operational metrics into actionable executive recommendations and high-impact risk management directives.
  • Directs the end-to-end placement and claims lifecycle for all primary lines (WC/GL/Auto/Professional), utilizing specialized construction sector knowledge to protect corporate assets.
  • Conveys complex risk and insurance concepts through concise, executive-level messaging that facilitates fast, informed decision-making.
  • Builds partnership across the organization to execute process improvements and secure cross-functional alignment.
  • Exercises the ability to influence and negotiate effectively with brokers, carriers, and internal partners to reach equitable outcomes.
  • Drafts key contract clauses to balance risk, secure necessary insurance, and limit legal exposure.

COMPENSATION DETAILS
Salary Range: $150,000 - $175,000
Compensation for this role includes a base salary plus an annual discretionary bonus. Details on our benefits can be found on the Benefits tab within the Careers section of the website.
Power Construction is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law. Power Construction is committed to increasing opportunities for historically disadvantaged workers (including women and members of disproportionately affected racial and ethnic groups), as well as residents of marginalized communities.

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