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Healthcare Risk Management Jobs in Illinois (NOW HIRING)

Capital One

Risk Manager

Riverwoods, IL · On-site

This role focuses on the intersection of process management and risk management, where a robust ... Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other ...

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Healthcare Risk Management information

See Illinois salary details

$49.9K

$108.1K

$164.7K

How much do healthcare risk management jobs pay per year?

As of Aug 18, 2026, the average yearly pay for healthcare risk management in Illinois is $108,101.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

What is healthcare risk management?

Healthcare risk management refers to the process of identifying, assessing, and minimizing risks to patients, staff, and organizations within the healthcare sector. It involves implementing policies and procedures to prevent harm, ensure patient safety, and reduce legal liability. Risk managers work closely with clinical staff, administrators, and legal teams to address issues like patient safety, compliance, and incident reporting. Their goal is to create a safer healthcare environment while protecting the organization's assets and reputation.

What are healthcare risk management jobs?

Healthcare risk management jobs include working as a risk management analyst, specialist, or manager. Each job has specific duties, but your overall goal is to identify risk in potential clients or pools of clients, assess whether healthcare staff and programs are in compliance with all government regulations, and provide analysis of business decisions or changes in public health and insurance policy. As a healthcare risk manager, you have increased supervisory responsibilities and take a leadership role in coordinating and implementing risk management strategies.

What are the key skills and qualifications needed to thrive in healthcare risk management, and why are they important?

To excel in Healthcare Risk Management, you need a solid background in healthcare regulations, risk assessment, and patient safety, often supported by a degree in healthcare administration or a related field. Familiarity with risk management information systems (RMIS), incident reporting tools, and certifications such as Certified Professional in Healthcare Risk Management (CPHRM) are highly valuable. Strong analytical thinking, attention to detail, and effective communication skills are critical for identifying risks and collaborating with cross-functional teams. These competencies are essential to proactively minimize liability, enhance patient safety, and ensure regulatory compliance in healthcare organizations.

What are the biggest challenges faced by professionals in healthcare risk management roles?

Healthcare risk management professionals often navigate complex regulatory requirements while proactively identifying and mitigating potential risks to patient safety and organizational assets. One common challenge is keeping up with ever-evolving healthcare laws and accreditation standards, which requires continuous learning and adaptability. Additionally, these roles frequently involve collaborating with clinical staff, administrators, and legal teams to develop effective risk prevention strategies, making strong communication and teamwork skills essential. Balancing immediate crisis response with long-term risk reduction initiatives is also a key aspect of the job.

What is the difference between Healthcare Risk Management vs Healthcare Compliance Officer?

AspectHealthcare Risk ManagementHealthcare Compliance Officer
Primary FocusIdentifying, assessing, and mitigating risks to improve patient safety and reduce liabilityEnsuring adherence to laws, regulations, and policies to maintain legal and ethical standards
CertificationsCPHRM, ARM, or similar risk management credentialsCHC, CHPC, or compliance-specific certifications
Work EnvironmentHospitals, clinics, insurance companies, healthcare organizationsHospitals, healthcare systems, regulatory agencies
Key ResponsibilitiesRisk assessments, incident investigations, safety protocolsPolicy development, audits, regulatory reporting

While both roles aim to improve healthcare quality and safety, Healthcare Risk Management focuses on proactively reducing risks and liabilities, whereas Healthcare Compliance Officers ensure adherence to legal and regulatory standards. Both roles often collaborate to promote a safe, compliant healthcare environment.

How to become a healthcare risk management professional?

To become a healthcare risk management professional, typically a bachelor's degree in healthcare administration, nursing, or a related field is required, along with experience in healthcare settings. Certification such as the Certified Professional in Healthcare Risk Management (CPHRM) can enhance job prospects and credibility in the field.

Is healthcare risk management a good career?

Healthcare risk management is a growing field focused on identifying and reducing risks in healthcare settings, often requiring knowledge of healthcare regulations, safety protocols, and risk assessment tools. It offers opportunities for advancement, a stable job outlook, and the chance to improve patient safety, making it a viable career choice for those interested in healthcare and risk analysis.

What does a healthcare risk management typically do?

A healthcare risk management professional identifies and assesses potential risks to patient safety, staff, and the organization, developing strategies to prevent or minimize incidents. They analyze data, implement safety protocols, and ensure compliance with regulations to reduce liability and improve healthcare quality.
More about Healthcare Risk Management jobs

What are the most commonly searched types of Healthcare Risk Management jobs in Illinois?

The most popular types of Healthcare Risk Management jobs in Illinois are:

What are popular job titles related to Healthcare Risk Management jobs in Illinois?

For Healthcare Risk Management jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Healthcare Risk Management jobs in Illinois look for?

The top searched job categories for Healthcare Risk Management jobs in Illinois are:

What cities in Illinois are hiring for Healthcare Risk Management jobs?

Cities in Illinois with the most Healthcare Risk Management job openings:

Healthcare Risk Management jobs near you
Infographic showing various Healthcare Risk Management job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $108,101 per year, or $52 per hour.

Risk Management - Credit Officer - Executive Director

JP Morgan Chase

Chicago, IL • On-site

Full-time

Medical, Retirement

Re-posted 26 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 495 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks

Job description

Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. 

As a Credit Officer Director in Risk Management and Compliance, you will lead credit risk evaluation in the Chicago and Minneapolis regions for multifamily term loans generally ranging from $1 million to $25 million+, ensuring decisions align with risk appetite and strong risk controls. You will oversee a high-volume credit environment, provide clear guidance on complex approvals, and mentor and develop talent while partnering broadly across the business, risk and key stakeholders. 

Job Responsibilities

  • Lead and manage the Chicago risk team's execution of credit analysis in a high-volume environment, maintaining the highest standards of quality and risk controls. 
  • Evaluate and manage risk in complex transactions, including items requiring elevated approval authority and heightened judgment. 
  • Enhance market and portfolio discussions by identifying key risk considerations, highlighting relevant portfolio metrics, and surfacing emerging regional trends.
  • Cultivate and sustain strong partnerships with internal stakeholders across the business and operations to help ensure timely, well-informed outcomes.
  • Establish broad, collaborative relationships across CTL Risk functions and with senior stakeholders to support consistent regional execution. 
  • Apply relevant policies, standards, procedures, and regulatory requirements across all credit analysis activities, ensuring strong governance and controls. 
  • Implement change and lead strategic initiatives aligned with functional goals, with an innovation-minded and resilient approach. 
  • Develop individuals through active coaching, mentoring, and regular training, strengthening the team's capability and bench. 
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge. 

Required qualifications, capabilities, and skills

  • Bachelor's degree in a business or finance concentration (or equivalent experience). 
  • 10+ years of experience in commercial real estate lending, credit analysis, and/or loan workouts. 
  • Proven management background, with a track record of leading teams and effectively coaching, supporting, and motivating employees at different stages of development.
  • Strong knowledge of the Chicago commercial real estate market, with the ability to provide insights on key market themes and emerging trends.
  • Thorough understanding of multifamily property valuations and cash flow analysis, including evaluating property cash flows, valuation, and personal financial statements. 
  • Superior interpersonal, verbal and written communication and presentation skills.
  • Strong stakeholder management skills, with the ability to build collaborative relationships across risk and business partners. 
  • Demonstrated experience applying policies, standards, procedures, and regulatory requirements in credit decisioning and analysis activities. 
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems. 

Preferred qualifications, capabilities, and skills 

  • Advanced degree in a related field and/or real estate coursework. 
  • Experience managing loan underwriters in commercial real estate or agency lending (for example, Fannie Mae or Freddie Mac). 
  • Experience with proprietary credit risk management tools and related system enablement
  • Experience with large language model tools. 
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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