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

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

Establish risk management and E,H,S policies, procedures, and guidelines. * Identify and analyze risk exposures and determine how to respond. Continually monitor. * Provide consulting services to ...

New

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

The Global Head of Market Risk Management will play a key role in the trading firm's dynamic environment. This person will develop and apply analytic tools and techniques to define and enhance our ...

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

S. ISOs and transition to margin-based trading, we need a Head of Risk who can design the ... The right person has seen risk management done well at established institutions and knows what to ...

Head of Risk

Chicago, IL · On-site

$150 - $250/hr

S. ISOs and transition to margin-based trading, we need a Head of Risk who can design the ... The right person has seen risk management done well at established institutions and knows what to ...

Budget, Vendor, and Resource Management * Assist the Head of Risk Transformation in managing the Risk organization's budget, including forecasting, tracking, and variance analysis. * Support vendor ...

Head of Fraud Risk

Chicago, IL · On-site

$195K - $250K/yr

Head of Business Operations Employment Type: Full-Time Salary : $195,000 - $250,000 As the Head of ... Hire, build, and manage the Fraud Risk team. Define each role's scope, escalation authority, and ...

Budget, Vendor, and Resource Management * Assist the Head of Risk Transformation in managing the Risk organization's budget, including forecasting, tracking, and variance analysis. * Support vendor ...

Head of Fraud Risk

Chicago, IL · On-site

$195K - $250K/yr

Head of Business Operations Employment Type: Full-Time Salary : $195,000 - $250,000 As the Head of ... Hire, build, and manage the Fraud Risk team. Define each role's scope, escalation authority, and ...

About The Role Reporting to the Head of Risk Management, the Lead of Financial Risk owns second-line oversight of market, credit, liquidity, and counterparty risk across the firm. You will build the ...

New

Analyst, Risk Monitoring

Chicago, IL · On-site

$68K - $89K/yr

We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures ... the Head of Risk and leadership Coordinate team schedules and assign after-hours shift ...

Analyst, Risk Monitoring

Chicago, IL · On-site

$68K - $89K/yr

We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures ... Escalate risk or operational concerns to the Head of Risk and leadership * Coordinate team ...

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Showing results 1-20

Head Risk Management information

See Chicago, IL salary details

$55.6K

$147.5K

$267.8K

How much do head risk management jobs pay per year?

As of Aug 7, 2026, the average yearly pay for head risk management in Chicago, IL is $147,501.00, according to ZipRecruiter salary data. Most workers in this role earn between $108,700.00 and $172,500.00 per year, depending on experience, location, and employer.

What are some common challenges faced by a head risk management, and how can candidates prepare to address them?

A Head of Risk Management often faces challenges such as balancing regulatory compliance with business objectives, managing emerging risks, and fostering a risk-aware culture across departments. Candidates should be prepared to navigate complex regulatory landscapes, communicate effectively with both executive leadership and operational teams, and implement proactive risk assessment frameworks. Staying updated on industry trends and building strong cross-functional relationships are key to successfully mitigating risks and supporting organizational goals.

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

AspectHead Risk ManagementRisk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, CFA) and extensive experienceUsually requires a bachelor's degree, often with certifications like FRM or CFA
Work EnvironmentStrategic leadership, overseeing risk policies across departmentsData analysis, risk assessment, and reporting within teams
Industry UsageExecutive-level role in finance, banking, insurance, and corporate sectorsOperational role in risk assessment teams across similar industries

The Head Risk Management focuses on strategic oversight and policy development at an executive level, while the Risk Analyst handles detailed risk assessments and data analysis. Both roles are essential in risk management but differ in scope, responsibilities, and seniority.

What are the key skills and qualifications needed to thrive as a head risk management, and why are they important?

To thrive as a Head of Risk Management, you need deep expertise in risk assessment, regulatory compliance, and financial analysis, typically backed by a relevant degree and experience in risk-related roles. Familiarity with risk management frameworks, enterprise risk management (ERM) systems, and certifications like FRM or PRM are highly valued. Strategic thinking, leadership, and strong communication skills set outstanding risk leaders apart. These capabilities are crucial to effectively identify, mitigate, and communicate risks that could impact organizational objectives.
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:
What cities near Chicago, IL are hiring for Head Risk Management jobs? Cities near Chicago, IL with the most Head Risk Management job openings:

$350K - $420K/yr

Full-time

Posted yesterday

New


Job description

About HCC/CCI

Henry Crown & Company/CC Industries is a Chicago-based, privately-held company that manages business, philanthropic, and family interests on behalf of a multi-generational family.  The business ventures fall into broadly-defined categories: wholly-owned operating companies, public and private equity investments, and real estate. The enterprise also supports individual and collective giving through Crown Family Philanthropies and provides traditional family office services across generations. The enterprise employs approximately 350 professionals in the areas of investment management, corporate development, financial operations, tax, research and innovation, human resources, information technologies, and legal.

Why Work for Us? 

We are a private enterprise with more than a 100-year legacy and track record of financial success, supporting our communities, and taking care of our employees.  We plan strategically with a long-term time horizon and an integrated approach to access superior opportunities and optimize financial results.  Integrity, collaboration, and dedication are cornerstones of our workplace culture that create rewarding professional experiences.

Position Description

This role is responsible for developing and implementing Corporate Risk Management and Environmental, Health and Safety strategies, frameworks, and systems to prevent losses and proactively mitigate and control risk. This role also leads the placement and coordination of Commercial Property & Casualty and Personal Lines Insurance programs, including leadership and administration of two wholly-owned insurance captives, the Enterprise Risk Management process, and claims management. This role reports to the CHRO and oversees the Manager of Corporate Safety and Director of Risk Management.

Responsibilities

  • Establish risk management and E,H,S policies, procedures, and guidelines.
  • Identify and analyze risk exposures and determine how to respond. Continually monitor.
  • Provide consulting services to businesses on E,H,S, insurance and risk management issues.
  • Evaluate, negotiate and select commercial and personal lines insurance programs to include coverages, limits, retention levels, strong carriers, cost, service, etc., and communicate to appropriate parties.
  • Lead, manage and perform administrative duties associated with the organization's captive insurance companies.
  • Lead the Enterprise Risk Management process to ensure the organization's most significant risks are identified and mitigated. 
  • Oversee claims management activities.
  • Review insurance provisions in major business & financial contracts.
  • Develop and direct production of reports and analyze financial results of the risk management program.
  • Develop training programs on insurance and risk management issues.
  • Spearhead risk management due diligence related to acquisitions.
  • Direct inspections, surveys and audits within family portfolio, operating businesses and partnership deal contracts.
  • Ensure all reporting requirements are met under existing insurance policies.
  • Direct risk management staff.
  • Travel 15%-20% of the time.

Qualifications

  • Bachelor's Degree (Risk Management Degree Preferred); Master's Degree in Business Administration preferred.
  • CPCU, ARM or CRM preferred.
  • Strong communication, presentation and interpersonal skills.
  • Strong problem resolution and analytical abilities.
  • Deep understanding of Risk Management for a large, complex organization to include commercial insurance placement and E,H,S in a corporate role (preferred) or consulting role.
  • Strong understanding of insurance coverages.
  • Management experience with captive insurance companies and Enterprise Risk Management processes.
  • Working knowledge of Microsoft Office and Excel.
  • Ability to make quick and practical decisions.
  • Focused, organized & results oriented.
     

The Starting Salary Range: $350k-$420k with bonus eligibility. Exact compensation may vary based on skills, experience, and location. To see an overview of all our benefits please go to our career portal here.

Don't meet every single requirement? Studies have shown that women, members of the LGBTQIA+ community, individuals experiencing disability and BIPOC are less likely to apply to jobs unless they meet every single qualification. At HCC/CCI we are dedicated to building a diverse, inclusive and authentic workplace, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.