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It Risk Management Jobs in Illinois (NOW HIRING)

The IT Product Manager, SAP Security plays a key role in designing developing SAP GRC Security ... Supporting the team in full cycle project risk management tasks relating to project delivery

Contribute to long-term enhancement of IT governance frameworks, risk management practices, and digital enablement within the SOX environment. Qualifications * Bachelor's degree in Information ...

You will lead audit and exam requests for the Risk Tech and Product teams by partnering with ... Professional security or risk management certifications, such as Certified Information Systems ...

Engage with underwriting, claims, actuarial, finance, IT, and legal & compliance teams to embed risk management practices * Support enterprise initiatives related to operational risk, third-party ...

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It Risk Management information

See Illinois salary details

$49.9K

$108.1K

$164.7K

How much do it risk management jobs pay per year?

As of Jul 17, 2026, the average yearly pay for it risk management in Illinois is $108,101.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an IT Risk Management professional, and why are they important?

To thrive in IT Risk Management, you need a strong understanding of information security principles, risk assessment methodologies, and regulatory compliance frameworks, typically supported by a degree in information technology, cybersecurity, or a related field. Familiarity with risk management tools (such as RSA Archer or MetricStream), knowledge of ISO 27001, and certifications like CISSP or CISM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills help in identifying threats and conveying risks to stakeholders. These skills and qualities are crucial for protecting organizational assets, ensuring compliance, and enabling informed decision-making regarding technology risks.

What are careers in risk management?

Careers in risk management involve identifying, assessing, and mitigating potential threats to an organization’s assets, operations, or reputation. Professionals in this field often work in finance, insurance, or corporate settings, utilizing skills in analysis, problem-solving, and familiarity with risk assessment tools. Common roles include risk analyst, risk manager, and compliance officer, often requiring certifications like FRM or CRM.

What are some common challenges faced by IT Risk Management professionals, and how can they effectively address them?

IT Risk Management professionals often encounter challenges such as rapidly evolving cyber threats, balancing compliance with operational efficiency, and communicating technical risks to non-technical stakeholders. Staying updated with the latest security trends and regulations is essential for effective risk assessment. Building strong cross-departmental relationships can help ensure that risk mitigation strategies are both practical and well-understood across the organization. Continuous learning and leveraging risk management frameworks, like NIST or ISO 27001, can also provide a solid foundation for addressing these challenges.

What is the difference between It Risk Management vs Cybersecurity Analyst?

AspectIt Risk ManagementCybersecurity Analyst
Required CredentialsCertifications like CRISC, CISSP, CISACertifications like CompTIA Security+, CISSP, CEH
Work EnvironmentFocus on risk assessment, compliance, and mitigation strategies across IT systemsFocus on monitoring, analyzing, and responding to security threats
Employer & Industry UsageUsed in organizations prioritizing risk management and complianceUsed in security operations centers and cybersecurity teams

While both roles involve IT security, It Risk Management emphasizes assessing and mitigating risks across IT systems, whereas Cybersecurity Analysts focus on detecting and responding to security threats. Understanding these differences helps organizations assign the right roles for their security needs.

What is the highest paying risk management job?

The highest paying risk management roles are often executive positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $150,000 annually and sometimes reaching over $300,000 depending on the industry and company size. These roles require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills.

Is it risk a good career?

IT Risk Management is a viable career that involves identifying, assessing, and mitigating technology-related risks within organizations. It requires knowledge of cybersecurity, compliance standards, and risk assessment tools, often supported by certifications like CISSP or CISM. The field offers steady demand due to increasing cybersecurity threats and regulatory requirements, making it a stable career choice for those with relevant skills and experience.

What is the role of IT risk management?

IT risk management involves identifying, assessing, and mitigating risks related to information technology systems to protect data, assets, and operations. It includes implementing security controls, conducting audits, and ensuring compliance with standards like ISO 27001 or NIST frameworks. Professionals in this field often use risk assessment tools and require knowledge of cybersecurity principles.

What is IT Risk Management?

IT Risk Management is the process of identifying, assessing, and mitigating risks related to information technology systems and data within an organization. This discipline aims to protect information assets from threats such as cyberattacks, data breaches, and system failures by implementing security controls and policies. Effective IT Risk Management helps organizations comply with regulations, minimize financial losses, and ensure business continuity. Professionals in this field continuously monitor and update risk strategies to adapt to evolving technological threats.
Infographic showing various It Risk Management job openings in Illinois as of July 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, and 3% Contract. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $108,101 per year, or $52 per hour.
Director - Risk Governance and Risk Reporting

Director - Risk Governance and Risk Reporting

Northern Trust

Chicago, IL • On-site

$137K - $240K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 17 days ago


Northern Trust rating

8.1

Company rating: 8.1 out of 10

Based on 26 frontline employees who took The Breakroom Quiz


Job description

About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Major Duties :
1. Manages the Technology Risk Governance and Risk Reporting team. Establishes performance standards for the unit. Conducts the performance management process, identifies training and career development
needs.
2. Run monthly Technology Risk committee, including preparation for the meetings / stakeholder engagement, facilitation of meetings, tracking of actions / challenge log items and interactions with other committees / working groups.
3. Run a Technology Risk advisory forum to triage and vet technology risks. Support escalation of material issues and risks to relevant committees and help to drive informed decision making and robust risk mitigation.
4. Facilitate periodic first line Technology risk reporting and integration with central risk management teams for enterprise risk processes.
5. Determines staffing needs, makes hiring and firing decisions, handles
salary administration, and ensures resources are available to
accomplish priorities. Develops and manages diversity programs and
programs for the unit.
6. Participates in developing the business unit strategic plan and
sets goals and priorities based on the direction set for the unit.
Follows through to ensure that objectives are met.
7. Develops unit(s) budget and manages the expenses for the unit.
Knowledge: Requires excellent communication skills, analytical ability, strong judgment and management skills, and the ability to work effectively with client, IT management and staff, vendors and consultants.
Experience: Bachelor degree in Computer Science or a related discipline and at least six, typically eight or more years experience in risk management and governance related to Technology environments or an equivalent combination of education and work experience.
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)
Salary Range:
$137,400 - 240,400 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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