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

Trinity Health

Risk Manager

Berwyn, IL · On-site

$78.54K - $121.72K/yr

The Risk Manager will be responsible for administering the Patient Safety and Risk Management ... Input and monitor data in multiple Trinity insurance databases. * Participate in Trinity ...

Amrize

Risk Manager, Insurance Programs

Chicago, IL · On-site

Join Amrize as a Risk Manager, Insurance Programs and help construct what's next. If you're ready to put your skills to work on projects that matter - and build a career with a company that ...

Amrize

Risk Manager, Insurance Programs

Chicago, IL · On-site

Join Amrize as a Risk Manager, Insurance Programs and help construct what's next. If you're ready to put your skills to work on projects that matter - and build a career with a company that ...

Century Aluminum

Senior Risk Manager

Chicago, IL · Hybrid

Analyze self-insured programs to identify trends, mitigate future losses and determine adequate insurance reserves. * Team with operations Human Resources management and external claims ...

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138.40K - $207.60K/yr

This position will own the insurance purchasing cycle, manage external partners (brokers, insurers, TPAs), and oversee claims governance while driving measurable reductions in total cost of risk ...

Endeavor Health

Clinical Risk Manager

Wilmette, IL · On-site

$42.54 - $65.94/hr

The Clinical Risk Manager is responsible for the review, investigation and prioritization of ... Liaising with insurance providers and legal counsel as needed Other * Address and assist the ...

Endeavor Health

Clinical Risk Manager

Glenview, IL · On-site

$42.54 - $65.94/hr

The Clinical Risk Manager is responsible for the review, investigation and prioritization of ... Liaising with insurance providers and legal counsel as needed Other * Address and assist the ...

NorthShore

Clinical Risk Manager

Chicago, IL · On-site

$42.54 - $65.94/hr

The Clinical Risk Manager is responsible for the review, investigation and prioritization of ... Identify potential insurance claims, including tracking, reporting, and coordinating resolution ...

Endeavor Health

Clinical Risk Manager

Evanston, IL · On-site

$42.54 - $65.94/hr

The Clinical Risk Manager is responsible for the review, investigation and prioritization of ... Liaising with insurance providers and legal counsel as needed Other * Address and assist the ...

Capital One

Strategic Risk Manager

Riverwoods, IL

Strategic Risk Manager We are seeking a Strategic Risk Oversight Manager to join the Strategic Risk team. This exciting, high visibility role provides independent oversight, review and challenge of ...

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 ...

Capital One

Principal Risk Manager

Chicago, IL · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business compliance and operational risk and control activities. They are also responsible for educating and ...

Capital One

Principal Risk Manager

Riverwoods, IL · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business compliance and operational risk and control activities. They are also responsible for educating and ...

PNC Bank

LOB Risk Manager II

Downers Grove, IL

As a LOB Risk Manager II within PNC's HR Strategy, Delivery and Risk organization, you can be based ... This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act ...

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All JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Chicago, IL

Insurance Risk Manager information

See Chicago, IL salary details

$85.1K

$125.3K

$191.8K

How much do insurance risk manager jobs pay per year?

As of May 28, 2026, the average yearly pay for insurance risk manager in Chicago, IL is $125,267.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,100.00 and $142,300.00 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 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 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 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 Chicago, IL? For Insurance Risk Manager jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Chicago, IL look for? The top searched job categories for Insurance Risk Manager jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Insurance Risk Manager jobs? Cities near Chicago, IL with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Risk Manager

Risk Manager

Trinity Health

Berwyn, IL • On-site

$78.54K - $121.72K/yr

Full-time

Medical

Posted 27 days ago

Trinity Health rating

6.5

Company rating: 6.5 out of 10

Based on 348 frontline employees who took The Breakroom Quiz

594th of 864 rated healthcare providers

Job description

Employment Type:
Full timeShift:
Day Shift
Description:
The Risk Manager will be responsible for administering the Patient Safety and Risk Management program on a day-to-day basis which may include investigating, analyzing and trending patient safety events and data, conducting Patient Safety and Risk Management educational programs, complying with licensing, accrediting and regulatory obligations with the objectives of enhancing patient, visitor and employee safety; promoting quality care; and protecting the assets of the organization.
Position responsibilities:
  • Investigate, evaluate and analyze events that threaten or potentially threaten patient safety through the following: review of medical records, identification and interview of staff, collection of data and/or creating timelines, review of related literature.
  • Act as a liaison to administration, management and hospital/ambulatory care staff to provide guidance on patient safety and risk management issues such as consent, patient-family concerns, documentation, disclosure, guardianship, family conferences, law enforcement requests, policy and procedure development and revisions.
  • Lead efforts to increase organizational understanding of patient safety and risk management science and principles through dedicated educational programs for staff.
  • Actively participate in and provide support for patient safety and quality initiatives including RCA's.
  • Participate on quality committees.
  • Coordinate the selection, presentation and follow-up of cases to the Patient Safety Evaluation Committee.
  • Participate in and/or coordinate medical device event investigations and coordinate responses to product recalls.
  • Facilitate understanding of the web-based event reporting system and share such data with others that have a need to know, such as Claims Management, Center for Clinical Excellence, General Counsel, and Patient Relations.
  • Prepare data for annual insurance renewals for all lines of coverage.
  • Input and monitor data in multiple Trinity insurance databases.
  • Participate in Trinity teleconferences and meetings.
  • Maintain a close working relationship with Insurance & Risk Management Services (IRMS)of Trinity Health System.

Requirements:
  • Bachelor's degree in nursing or healthcare related field.
  • 1-2 years of previous job-related experience; 3-5 years preferred.
  • Prior experience as a Clinical Risk Manager or Patient Safety Specialist in a hospital setting is preferred.
  • Other: CPHRM certificate is preferred. Employee will be expected to take the CPHRM exam upon meeting the eligibility requirements to sit for the exam.

Hours:
5x8's Day Shift. Position requires on call, weekends, and holidays.
Compensation:
Pay range: $78,540 -$121,721
Actual compensation will fall within the range but may vary based on factors such as experience, qualifications, education, location, licensure, certification requirements, and comparisons to colleagues in similar roles.
Benefits:
Click or copy URL to your browser www.trinity-health.org/sites/default/files/my-benefits/Health-and-Wellbeing/Compliance/Illinois-Transparency-Law/Trinity-Health-Summary-of-Benefits-Illinois-Job-Req-Discloser-Law.pdf
Our Commitment
Rooted in our Mission and Core Values, we honor the dignity of every person and recognize the unique perspectives, experiences, and talents each colleague brings. By finding common ground and embracing our differences, we grow stronger together and deliver more compassionate, person-centered care. We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other status protected by federal, state, or local law.

What Trinity Health employees say

Pay

Benefits

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Workplace

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About Trinity Health

Sourced by ZipRecruiter

Trinity Health Ann Arbor is a 537 -bed teaching hospital located on 340 acre campus. Recognized by IBM Watson as a Top 100 Hospital and #1 Teaching Hospital, Trinity Health Ann Arbor has been a leading health care provider for more than 100 years. Trinity Health has received numerous local and national awards in recognition of our leadership, quality outcomes, and clinical excellence.

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Livonia, MI, US

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