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Insurance Risk Manager Jobs in Champaign, IL (NOW HIRING)

Internal Audit Manager, IT

Champaign, IL · On-site

$100K - $125K/yr

Key IT areas and associated risk and internal controls including IT General Controls and ... insurance, short-term and long-term disability, wellness incentives and an employee assistance ...

Part Sales Manager - Full Time

Champaign, IL · On-site

$15.85 - $16.79/hr

Safety & Compliance - Enforce PPE use, promote risk management practices, and uphold company safety ... Life, and short- and long-term disability insurance options * Health Savings and Flexible Spending ...

Part Sales Manager - Full Time

Champaign, IL · On-site

$15.85 - $16.79/hr

Safety & Compliance - Enforce PPE use, promote risk management practices, and uphold company safety ... Life, and short- and long-term disability insurance options * Health Savings and Flexible Spending ...

Part Sales Manager - Full Time

Champaign, IL · On-site

$15.85 - $16.79/hr

Safety & Compliance - Enforce PPE use, promote risk management practices, and uphold company safety ... Life, and short- and long-term disability insurance options * Health Savings and Flexible Spending ...

Part Sales Manager - Full Time

Rantoul, IL · On-site

$15.85 - $16.79/hr

Safety & Compliance - Enforce PPE use, promote risk management practices, and uphold company safety ... Life, and short- and long-term disability insurance options * Health Savings and Flexible Spending ...

Part Sales Manager - Full Time

Champaign, IL · On-site

$15.85 - $16.79/hr

Safety & Compliance - Enforce PPE use, promote risk management practices, and uphold company safety ... Life, and short- and long-term disability insurance options * Health Savings and Flexible Spending ...

Managing Subcontractor and Vendor relationships including identifying and mitigating potential risk ... Voluntary life insurance, accident, critical illness, hospital indemnity coverage * Emergency ...

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Showing results 1-20

Insurance Risk Manager information

See Champaign, IL salary details

$82.6K

$121.7K

$186.3K

How much do insurance risk manager jobs pay per year?

As of Jul 22, 2026, the average yearly pay for insurance risk manager in Champaign, IL is $121,683.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,100.00 and $138,200.00 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 Champaign, IL? For Insurance Risk Manager jobs in Champaign, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Champaign, IL look for? The top searched job categories for Insurance Risk Manager jobs in Champaign, IL are:
What cities near Champaign, IL are hiring for Insurance Risk Manager jobs? Cities near Champaign, IL with the most Insurance Risk Manager job openings:
Infographic showing various Insurance Risk Manager job openings in Champaign, IL as of July 2026, with employment types broken down into 1% As Needed, 69% Full Time, 25% Part Time, and 5% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $121,683 per year, or $58.5 per hour.
Internal Audit Manager, IT

Internal Audit Manager, IT

Busey Bank

Champaign, IL • On-site

$100K - $125K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.


Busey Bank rating

6.3

Company rating: 6.3 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

133rd of 150 rated banks


Job description

Position Summary

The IT Audit Manager will help develop audit programs, manage, and perform IT audits and Sarbanes Oxley IT control testing, and provide guidance to internal clients on IT operations, processes, and internal controls. The IT Audit Manager documents findings and provides recommendations for improvements to accomplish Bank objectives. This role is hybrid eligible: requires 3 - 4 days in-office. Duties & Responsibilities

Oversight & Leadership Responsibilities:

  • Provide guidance to internal audit team members in all areas of job responsibilities, including, but not limited to providing direction on scoping and testing, providing feedback during audits, and reviewing audit work.
  • Assist in the development of the annual IT audit plan and assist in preparing management reporting to the Board.
  • Lead initiatives to improve team processes.
  • Participate in the Bank's audit-related committees, as needed.

Manage Audit Process and Make Recommendations for Improvements:

  • Manage assigned audits in a variety of IT areas.
  • Plan, perform, and document audits in accordance with the professional standards, and within the budgeted hours.
  • Report on results from audits; provide a root cause analysis as well as evaluate the quality of management action plans.
  • Evaluate operational efficiency as part of the standard audit process and offer recommendations to management to enhance the value of the Bank.
  • Analyze operational effectiveness of the internal audit team and provide recommendations for improvement to the Chief Audit Executive.

Stakeholder Communications & Relationship Management:

  • Develop and maintain trusted, positive relationships with employees, clients, and vendors.
  • Coordinate with external firms providing IT audit support.
Education & Experience
  • Knowledge of:
  • Highly skilled in verbal and written communications, including preparing reports and making presentations to management.
  • Internal audit techniques and standards, and ability to direct and review the work of others.
  • Key IT areas and associated risk and internal controls including IT General Controls and Cybersecurity.
  • PowerBl or other visual data tools preferred.
  • Understanding of, or experience with, robotic process automation preferred.
  • Maintain professional and technical knowledge by remaining current on applicable federal and state laws and regulations applicable to the Bank; attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional organizations.
  • Microsoft Suite experience (powerpoint, excel) required
  • Experience with Workiva preferred.
  • Ability to:
  • Provide accurate and timely reporting of internal audit results and concerns.
  • Complete job assignments in a professional, timely and efficient manner; organize and prioritize work.
  • Maintain confidentiality; adhere to Busey Bank policies and procedures; comply with laws, regulations, and industry best practices.
  • Represent the Bank and internal audit team in a highly professional manner.
  • Set a climate for high performance to achieve internal audit metric goals.
  • Education and Training:
  • Bachelor's degree with focus on information systems, computer science, data analytics, business, or accounting, or equivalent combination of education and/or work experience.
  • Master's degree with focus on cyber risk, information systems, business, finance, or accounting preferred.
  • Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSP), or other professional designation, or working towards a professional designation preferred.
  • Requires 6 or more years internal audit, IT, IT consulting, risk, or other control-related function.
  • Obtain/Maintain a minimum of 40 hours annually of continuing professional education.

Compensation and Benefits

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range: $100,000 - $125,000 annual)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit BuseyTotal Rewardsfor more information.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. VisitBusey.com/Careersto learn more about Busey's Equal Opportunity Employment.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.


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