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Insurance Risk Manager Jobs in Illinois (NOW HIRING)

Manager - Third Party Risk The position will be primarily responsible for managing and leading Third Party Risk Management (TPRM) engagements, including oversight of third-party assessments, client ...

Cyber Defense & Resilience - Insider Risk Manager Are you interested in working in a dynamic environment that offers opportunities for professional growth and new responsibilities? If so, Deloitte ...

Cyber Defense & Resilience - Insider Risk Manager Are you interested in working in a dynamic environment that offers opportunities for professional growth and new responsibilities? If so, Deloitte ...

Manager - Third Party Risk The position will be primarily responsible for managing and leading the assessment of the information security posture of key clients' third parties while overseeing the ...

Clinical Risk Manager

Schaumburg, IL · Hybrid

$84K - $140K/yr

This position is ideal for applicants looking to enter the insurance sector in a nurse consultant ... management notes * Identify high risk associated with individuals and communicate required stop ...

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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 Jul 22, 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 are the key skills and qualifications needed to thrive as an Insurance Risk Manager, and why are they important?

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 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 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 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 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:
Infographic showing various Insurance Risk Manager job openings in Illinois as of July 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.
Third Party Risk Manager

Third Party Risk Manager

Crowe LLP

Chicago, IL

Full-time

Re-posted 10 days ago


Job description

Your Journey at Crowe Starts Here:

At Crowe, you can build a meaningful and rewarding career. With real flexibility to balance work with life moments, you're trusted to deliver results and make an impact. We embrace you for who you are, care for your well-being, and nurture your career. Everyone has equitable access to opportunities for career growth and leadership. Over our 80-year history, delivering excellent service through innovation has been a core part of our DNA across our audit, tax, and consulting groups. That's why we continuously invest in innovative ideas, such as AI-enabled insights and technology-powered solutions, to enhance our services. Join us at Crowe and embark on a career where you can help shape the future of our industry.

Job Description:

Manager - Third Party Risk

The position will be primarily responsible for managing and leading Third Party Risk Management (TPRM) engagements, including oversight of third-party assessments, client delivery, team management, and broader TPRM advisory initiatives as needed. This role will oversee the execution, quality, and delivery of engagements focused on evaluating third-party risk across areas such as information security, compliance, operational risk, privacy, and broader TPRM practices.

The position will work within a Crowe team at a client or third-party site and be responsible for leading teams in identifying key risks, process gaps, and remediation strategies. This role will serve as both a trusted advisor to client leadership and a people manager responsible for coaching, mentoring, performance management, and development of consultants and senior consultants within the practice.

Projects would be performed through interacting with client Information Security, Procurement, Compliance, Privacy, Legal, and Business Unit leadership, as well as the client's vendors, service providers, and partners.

Specific projects and responsibilities may include:

  • Leading Third Party Risk Management engagements, including third-party assessments, ongoing monitoring activities, and risk evaluation efforts
  • Managing and overseeing assessment teams, project timelines, and client deliverables across multiple engagements
  • Supporting TPRM program enhancement initiatives, including governance, policy, process, workflow, and operating model improvements, as client needs arise
  • Evaluating third-party controls, documentation, and questionnaire responses in accordance with client standards and regulatory expectations
  • Identifying third-party risks, gaps, and remediation considerations across information security, compliance, operational, and vendor management domains
  • Delivering executive-level reporting, presentations, and recommendations to client leadership
  • Managing, mentoring, coaching, and developing consultants and senior consultants across engagements
  • Providing performance feedback, engagement oversight, and career development support for team members
  • Supporting hiring, onboarding, staffing, and resource planning activities within the practice
  • Supporting business development initiatives, client relationship management, and practice growth efforts

Our clients operate in and our team members work across the following industries:

  • Financial Services
  • Pharmaceutical
  • Life Sciences
  • Biotechnology
  • Healthcare
  • Manufacturing
  • Technology, Media and Telecommunications

Basic Qualifications

  • Bachelor's Degree
  • 5-8+ years of experience in Third Party Risk Management, vendor risk management, operational risk, compliance, risk advisory, or related consulting functions
  • One or more of the following certifications required
    • Certified Third-Party Risk Professional (CTPRP)
    • Certified Vendor Risk Management Professional (CVRMP)
    • Shared Assessments or other vendor risk management certification
    • CISM
    • CRISC
  • Familiarity with information security and regulatory frameworks such as the Interagency Guidance, NIST, ISO 27001, SOC 2, HIPAA, PCI DSS, HITRUST, or similar standards
  • Experience managing teams and personnel within a consulting, advisory, or professional services environment
  • Experience managing multiple client engagements and stakeholders in a fast-paced environment
  • Strong understanding of third-party risk lifecycle management, including due diligence, risk assessments, ongoing monitoring, issue management, and remediation tracking
  • Experience managing multiple projects and teams in a fast-paced consulting environment
  • Demonstrated leadership experience overseeing project execution, client relationships, and team performance
  • Proven ability to learn new technologies and systems, especially through independent research and self-study
  • Strong verbal and written communication skills with the ability to present technical information to both technical and executive audiences
  • Ability to manage project schedules, budgets, staffing, and client expectations
  • Ability to travel domestically an average of 20%-50% per year

Desired Qualifications

  • Experience working within a third party program at a financial institution or consulting on third party programs at financial institutions
  • Experience with Archer, ProcessUnity, ServiceNow, OneTrust, or other GRC/VRM platforms
  • Experience with security ratings platforms and continuous monitoring solutions
  • Experience leading teams and mentoring junior professionals in a consulting or advisory environment
  • Bilingual capabilities preferred
  • Open to remote work arrangements

We expect the candidate to uphold Crowe's values of Care, Trust, Courage, and Stewardship. These values define who we are. We expect all of our people to act ethically and with integrity at all times.

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire. Crowe is not sponsoring for work authorization at this time.

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Crowe, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $104,500.00 - $213,800.00 per year.

Our Benefits:
Your exceptional people experience starts here. At Crowe, we know that great peopleare what makes a great firm. We care about our people and offer employees a comprehensive total rewards package. Learn more about what working at Crowe can mean for you!
How You Can Grow:
We will nurture your talent in an inclusive culture that values diversity. You will have the chance to meet on a consistent basis with your Career Coach that will guide you in your career goals and aspirations. Learn more about where talent can prosper!
More about Crowe:
Crowe (www.crowe.com) is one of the largest public accounting, consulting and technology firms in the United States. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Global, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.
Crowe LLP provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, sexual orientation, gender identity or expression, genetics, national origin, disability or protected veteran status, or any other characteristic protected by federal, state or local laws.

Crowe LLP does not accept unsolicited candidates, referrals or resumes from any staffing agency, recruiting service, sourcing entity or any other third-party paid service at any time. Any referrals, resumes or candidates submitted to Crowe, or any employee or owner of Crowe without a pre-existing agreement signed by both parties covering the submission will be considered the property of Crowe, and free of charge.

Crowe will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws.

Please visit our webpage to see notices of the various state and local Ban-the-Box laws and Fair Chance Ordinances, where applicable.

We are committed to a merit-based hiring process, evaluating all candidates consistently using objective, job-related criteria such as relevant experience, demonstrated skills, measurable impact, and alignment with the role's responsibilities, and making employment decisions in a fair and inclusive manner free from discrimination.

If you are interested in applying for employment with Crowe and are in need of an accommodation or require special assistance to navigate our website or to complete your application, please visit our Applicant Assistance and Accommodations page for more information: https://careers.crowe.com/crowe-applicant-assistance-and-accommodation


Crowe logo

About Crowe

Sourced by ZipRecruiter

Crowe (www.crowe.com) is one of the largest public accounting, consulting and technology firms in the United States. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Global, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

Industry

Accounting services

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

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