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Insurance Risk Manager Jobs in Blue Island, IL (NOW HIRING)

RSM

Supervisor, Risk Consulting (Insurance)

Chicago, IL · On-site

... understanding of the insurance industry and trends to effectively communicate leading risk ... Manage budgets and provide accurate analysis of estimates to complete to engagement leader * Master ...

Wedbush

Vice President, Market Risk Manager

Chicago, IL

$125K - $200K/yr

The primary function of this role is to act as a Market Risk Analytics Manager focusing on futures, options on futures, FX, power products and Fixed Income. Responsibilities include, but are not ...

Sargent & Lundy

Insurance Manager

Chicago, IL · Hybrid

$136K/yr

Manage and administer Sargent & Lundy's business insurance program on a day-to-day basis. * Work ... Develop strategies and creative solutions for a variety of insurance and risk-related situations.

Sargent & Lundy

Insurance Manager

Chicago, IL · On-site

$136K/yr

Manage and administer Sargent & Lundy's business insurance program on a day-to-day basis. * Work ... Develop strategies and creative solutions for a variety of insurance and risk-related situations.

Sargent & Lundy

Insurance Manager

Chicago, IL · Hybrid

$136K/yr

Manage and administer Sargent & Lundy's business insurance program on a day-to-day basis. * Work ... Develop strategies and creative solutions for a variety of insurance and risk-related situations.

BMO Financial

Manager, Risk Appetite

Chicago, IL · On-site

$74K - $138K/yr

Data Analytics & Reporting Role Summary The Manager, Enterprise Risk Appetite (ERA), is an ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

Bank of Montreal

Manager, Risk Appetite

Chicago, IL · On-site

$74K - $138K/yr

Data Analytics & Reporting Role Summary The Manager, Enterprise Risk Appetite (ERA), is an ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

Robinhood

Futures Risk Program Manager

Chicago, IL

We're looking for an exceptional Futures Risk Program Manager to help shape the future of our core ... Employer-paid life & disability insurance, fertility benefits, and mental health benefits * Time ...

Robinhood

Futures Risk Program Manager

Chicago, IL · On-site

We're looking for an exceptional Futures Risk Program Manager to help shape the future of our core ... Employer-paid life & disability insurance, fertility benefits, and mental health benefits * Time ...

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Showing results 41-60

All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Blue Island, IL

Insurance Risk Manager information

See Blue Island, IL salary details

$79.8K

$117.5K

$179.9K

How much do insurance risk manager jobs pay per year?

As of Aug 12, 2026, the average yearly pay for insurance risk manager in Blue Island, IL is $117,508.00, according to ZipRecruiter salary data. Most workers in this role earn between $97,700.00 and $133,500.00 per year, depending on experience, location, and employer.

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 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 cities near Blue Island, IL are hiring for Insurance Risk Manager jobs? Cities near Blue Island, IL with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Blue Island, IL as of August 2026, with employment types broken down into 1% As Needed, 70% Full Time, 25% Part Time, and 4% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $117,508 per year, or $56.5 per hour.

Risk Officer - Enterprise Risk Management & Investment Risk

Mesirow Financial

Chicago, IL • On-site

$125K - $175K/yr

Full-time

Posted 23 hours ago

Posted today

Job description

The Opportunity:

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. We are proud of our employee-owned culture, built on collaboration and shared success, empowering our professionals to develop meaningful relationships, pursue growth opportunities and make a lasting impact for our clients and communities. Mesirow has been named one of the Best Places to Work in Chicago by Crain’s Chicago Business multiple times and is one of Barron’s Top 100 RIA firms.

Mesirow is seeking an experienced and highly motivated Risk Officer to lead and enhance our firm's Enterprise Risk Management (ERM) framework while providing independent oversight of investment and portfolio risks across our institutional asset management and capital markets businesses.

This role will be responsible for identifying, assessing, monitoring, and reporting risks across the organization, including strategic, operational, regulatory, technology, cybersecurity, business continuity, and investment risks. The successful candidate will work closely with senior leadership, compliance, operations, technology, legal, and internal committees to strengthen the firm's overall risk culture and governance.

This position offers an opportunity to build upon an established risk framework while helping shape the firm's long-term risk strategy.

Key Responsibilities: 

Enterprise Risk Management

  • Maintain and continuously improve the firm's Enterprise Risk Management (ERM) framework.
  • Facilitate firm-wide risk assessments and maintain the enterprise risk register.
  • Identify, evaluate, and monitor strategic, operational, financial, regulatory, technology, vendor, and reputational risks.
  • Develop and monitor Key Risk Indicators (KRIs) and risk appetite metrics.
  • Prepare quarterly risk reports for executive management and the Board.
  • Coordinate periodic risk assessments with business units across the firm.
  • Monitor emerging risks and industry developments affecting the firm.
  • Oversee the firm's incident management and risk event reporting process.
  • Assist with regulatory examinations and due diligence requests relating to risk management.

Investment Risk Oversight 

  • Provide independent oversight of investment risks across investment strategies.
  • Monitor portfolio exposures, leverage, liquidity, counterparty, concentration, market, and currency risks.
  • Develop and maintain investment risk reporting and dashboards.
  • Review portfolio risk relative to client guidelines and investment mandates.
  • Partner with portfolio managers to understand evolving investment risks while maintaining independent oversight.
  • Perform stress testing and scenario analysis across investment portfolios.
  • Evaluate new investment products, strategies, and trading activities from a risk perspective. 

Qualifications: 

Required 

  • Bachelor's degree in Finance, Economics, Accounting, Risk Management, Business, Mathematics, or a related field.
  • 5-10 years of experience in enterprise risk management, investment risk, operational risk, or a related field within asset management, banking, insurance, or financial services.
  • Strong understanding of institutional asset management and investment products.
  • Experience with Enterprise Risk Management frameworks.
  • Knowledge of portfolio risk measurement techniques.
  • Excellent analytical, communication, and presentation skills.
  • Strong project management and organizational abilities.
  • Ability to influence stakeholders across multiple business functions.

Preferred 

  • Master's degree (MBA, MS Finance, or related field).
  • Professional certifications such as:
    • FRM (Financial Risk Manager)
    • CFA (Chartered Financial Analyst)
    • PRM (Professional Risk Manager)
    • CRM or equivalent risk management certification
  • Experience with foreign exchange, derivatives, overlay strategies, or multi-asset portfolios.
  • Experience implementing or administering Governance, Risk & Compliance (GRC) platforms

In accordance with the Illinois Pay Transparency Law, the anticipated hiring base salary for the role will be between $125,000 and $175,000 per year. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, also provides the opportunity for a bonus and the Mesirow benefit program.

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