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Insurance Risk Manager Jobs in Illinois (NOW HIRING)

DV Trading

Credit Risk Manager

Chicago, IL

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

DV is looking for an Operational Risk Manager who has worked close to a trading business ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

DV is looking for an Operational Risk Manager who has worked close to a trading business ... Voluntary LTD, Life & AD&D insurance * Flexible Vacation policy * Retirement plan with employer ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on ... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

DV is looking for an Operational Risk Manager who has worked close to a trading business ... Voluntary LTD, Life & AD&D insurance * Flexible Vacation policy * Retirement plan with employer ...

IMC

Experienced Risk Manager

Chicago, IL

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on Delta One business. Risk at IMC is deeply integrated with trading-we don't operate as a separate ...

Deloitte

Financial Risk Manager

Chicago, IL

Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps client leaders translate multifaceted risk and an evolving regulatory environment into defensible ...

JP Morgan Chase

Industry Risk Manager

Chicago, IL · On-site

As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing subject matter expertise regarding AML risks presented by specific High-Risk Industries (TPPPs, MSBs ...

JPMorgan Chase & Co.

Industry Risk Manager

Chicago, IL · On-site

$108K - $183K/yr

As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing subject matter expertise regarding AML risks presented by specific High-Risk Industries (TPPPs, MSBs ...

Chicago Public Schools

Reporting to the Risk and Insurance Manager, the Risk and Insurance Analyst assists in the administration of various financial and risk management matters for CPS. This position involves ...

JPMorgan Chase & Co

Industry Risk Manager

Chicago, IL · On-site

As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing subject matter expertise regarding AML risks presented by specific High-Risk Industries (TPPPs, MSBs ...

Bank of Montreal

Third Party Risk Manager

Chicago, IL · On-site

$74K - $138K/yr

Business Management In-depth knowledge of Global Third-Party Risk Management processes, lifecycle ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

BMO Capital Markets

Third Party Risk Manager

Chicago, IL · On-site

$74K - $138K/yr

Management of risk stakeholder program execution and interaction with Third Party Risk Specialists ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

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Showing results 21-40

All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Illinois

Insurance Risk Manager information

See Illinois salary details

$79.9K

$117.7K

$180.2K

How much do insurance risk manager jobs pay per year?

As of Sep 2, 2026, the average yearly pay for insurance risk manager in Illinois is $117,742.00, according to ZipRecruiter salary data. Most workers in this role earn between $97,900.00 and $133,700.00 per year, depending on experience, location, and employer.

What does an Insurance Risk Manager do?

An Insurance Risk Manager is responsible for identifying, assessing, and mitigating risks that could negatively impact an organization’s assets, operations, or reputation. They analyze various types of risks—including financial, operational, and compliance risks—and develop strategies to minimize potential losses. Insurance Risk Managers also advise on appropriate insurance coverage, negotiate policies with insurers, and ensure that the company complies with relevant regulations to protect against unforeseen events.

What are the key skills and qualifications needed to thrive as an Insurance Risk Manager?

To thrive as an Insurance Risk Manager, you need expertise in risk assessment, analytical thinking, and a strong understanding of insurance principles, often supported by a relevant degree and certifications like ARM or CPCU. Familiarity with risk modeling software, statistical analysis tools, and regulatory compliance systems is typically required. Strong communication, decision-making, and problem-solving skills help you effectively advise stakeholders and manage complex risk scenarios. These abilities are crucial for identifying, evaluating, and mitigating risks to protect organizational assets and ensure regulatory compliance.

What are the most common challenges Insurance Risk Managers face when working across different departments?

Insurance Risk Managers often collaborate with various departments such as underwriting, claims, and compliance to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment of risk policies across teams that may have different priorities or levels of risk awareness. Balancing regulatory requirements with business objectives can also be complex, requiring strong negotiation and relationship-building skills. Successfully navigating these challenges helps create a unified risk culture and strengthens the organization's overall resilience.

What is the difference between Insurance Risk Manager vs Insurance Underwriter?

AspectInsurance Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in risk management, finance, or related fields; professional certifications like ARM or CPCU are commonUsually holds a bachelor's degree in finance, economics, or related areas; certifications like CPCU or ARe are beneficial
Work EnvironmentWorks in corporate risk management departments, analyzing and mitigating risks for the companyWorks in insurance companies, assessing individual or business applications to determine coverage and premiums
Employer & Industry UsageUsed by insurance companies and large corporations to manage risk exposurePrimarily employed by insurance carriers to evaluate and approve insurance policies

While both roles involve understanding insurance policies, the Insurance Risk Manager focuses on overall risk mitigation strategies within an organization, whereas the Insurance Underwriter evaluates individual insurance applications to determine coverage and pricing.

What are popular job titles related to Insurance Risk Manager jobs in Illinois?

For Insurance Risk Manager jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Insurance Risk Manager jobs in Illinois look for?

The top searched job categories for Insurance Risk Manager jobs in Illinois are:

What cities in Illinois are hiring for Insurance Risk Manager jobs?

Cities in Illinois with the most Insurance Risk Manager job openings:

Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Illinois as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $117,742 per year, or $56.6 per hour.

Credit Risk Manager

DV Trading

Chicago, IL

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 3 days ago

Job description

About Us:

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.

Overview:

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management function by evaluating clients, counterparties, and credit investments while identifying, measuring, and mitigating risk across the firm's global trading activities. This role will partner closely with senior leadership to enhance the firm's credit risk framework, deliver actionable risk insights, and support strategic decision-making as DV continues to expand its products and markets.

Responsibilities:
  • Lead Counterparty and Credit Risk Management practice at DV Trading by engaging business partners to perform diligence and credit risk analysis of clients, counterparties, and credit investments (such as corporate bonds or loans)
  • Own and develop a Credit Risk framework and advise senior leadership on our evolving trading business and strategic oversight to develop leading risk metrics and appropriately measure and manage emerging risks and products
  • Recommend internal credit risk ratings based on a firmwide model and prepare written assessments to substantiate the periodic credit review for rating upgrades/downgrades
  • Perform portfolio reviews and evaluate potential exposures
  • Co-Lead the Credit Risk Committee with the CFO and CRO by preparing materials that clearly communicate Counterparty and Credit Risk Analytics to senior management by building your own data, metrics, trends, and recommendations
Requirements:
  • Minimum of 5 years of experience in counterparty or credit risk management with a preference for experience in the proprietary trading industry
  • Preference for prior experience in credit risk for analyzing commodities producers/consumers, digital assets, and financial institutions
  • Confidence to resolve complex client challenges or learn new products by collaborating with business partners
  • Strong proficiency in Microsoft Office Suite, SQL, Python, data visualization tools
  • Excellent cross-functional collaboration skills, including navigating leadership and interpersonal working relationships

Benefits:

  • Discretionary bonus eligibility
  • Medical, dental, and vision insurance
  • HSA, FSA, and Dependent Care Options
  • Employer Paid Group Term Life and AD&D insurance
  • Voluntary LTD, Life & AD&D insurance
  • Flexible Vacation policy
  • Retirement plan with employer match

DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.

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