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Legal Risk Manager Jobs in Illinois (NOW HIRING)

PremiStar

Risk Manager

Deerfield, IL · On-site

The Risk Manager is responsible for leading the organization's enterprise insurance strategy ... Partner with TPAs, carriers, and legal counsel to manage complex and litigated claims * Review ...

Old National Bank

IST Risk Manager

Chicago, IL · On-site

$199K/yr

Apply risk management practices to safeguard sensitive data and support compliance with applicable legal, regulatory, and industry requirements across information assets and technology systems. Risk ...

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

... Legal Permanent Resident, Refugee or Asylee) to be employed in the United States. We do not ... prior risk management experience, with at least 3 years of lead Risk Management experience ...

CFS

Manager - Investment Risk Management

Chicago, IL · Hybrid

Investments & Risk Manager Are you passionate about global investments and portfolio management ... Work alongside the Legal and Finance teams to monitor cash flows and ensure investments are on ...

Until

Head of Legal

Mundelein, IL

Manage outside patent counsel across prosecution, continuation strategy, and portfolio development ... Partner with Regulatory and Clinical teams on legal risk and positioning related to FDA ...

Crowe LLP

Third Party Risk Manager

Chicago, IL

Manager - Third Party Risk The position will be primarily responsible for managing and leading ... Legal, and Business Unit leadership, as well as the client's vendors, service providers, and ...

Ulta Beauty

Risk Management Analyst

Bolingbrook, IL · On-site

$66K - $84K/yr

At Ulta Beauty, our Legal, Risk & Governance team provides clarity and continuity in ways that have ... THE IMPACT YOU CAN HAVE The Risk Management Analyst supports the organization's workers ...

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All JobsLegal Risk Manager JobsLegal Risk Manager Jobs in Illinois

Legal Risk Manager information

See Illinois salary details

$35.4K

$85K

$130.3K

How much do legal risk manager jobs pay per year?

As of Jul 1, 2026, the average yearly pay for legal risk manager in Illinois is $85,044.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,400.00 and $98,400.00 per year, depending on experience, location, and employer.

What does a legal risk manager do?

A legal risk manager identifies, assesses, and mitigates legal risks that could impact an organization. They review contracts, ensure compliance with laws and regulations, and develop policies to prevent legal issues. Strong analytical skills and knowledge of legal frameworks are essential for this role.

How does a Legal Risk Manager typically collaborate with other departments within an organization?

A Legal Risk Manager works closely with departments such as compliance, finance, operations, and human resources to identify and address potential legal risks. This collaboration often involves reviewing contracts, advising on regulatory requirements, and providing training to staff on risk mitigation. Regular meetings and cross-functional projects are common, ensuring that legal risks are integrated into broader business decisions and strategies. By maintaining open communication channels, Legal Risk Managers help foster a culture of compliance and proactive risk management throughout the organization.

What is the highest salary for a risk manager?

The highest salary for a risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like FRM or CRM, and leadership roles in large organizations. Senior risk managers or directors may earn even higher compensation, including bonuses and incentives based on company performance.

What is the highest paying job in the legal field?

In the legal field, chief legal officers or general counsels typically have the highest salaries, especially in large corporations. These roles require extensive legal experience, leadership skills, and often a law degree, with compensation often exceeding several hundred thousand dollars annually.

Is a risk manager a lawyer?

A risk manager is not necessarily a lawyer; the role focuses on identifying and mitigating risks within an organization, often requiring knowledge of industry regulations and risk assessment tools. While some risk managers may have legal backgrounds, many come from fields like finance, compliance, or business management, and legal expertise is not a mandatory requirement for the position.

What are the key skills and qualifications needed to thrive as a Legal Risk Manager, and why are they important?

To excel as a Legal Risk Manager, you need a solid understanding of legal frameworks, risk assessment, and regulatory compliance, often supported by a law degree or certifications such as Certified Risk Manager (CRM). Familiarity with risk management software, legal research tools, and compliance monitoring systems is typically required. Strong analytical thinking, attention to detail, and persuasive communication are crucial soft skills for identifying risk and advising stakeholders. These competencies ensure that organizations can proactively manage legal exposure, maintain compliance, and support sound decision-making.

What is the difference between Legal Risk Manager vs Compliance Officer?

AspectLegal Risk ManagerCompliance Officer
Required CredentialsLaw degree, legal certifications, risk management certificationsLegal or regulatory certifications, compliance training
Work EnvironmentLegal departments, risk management teams, corporate officesRegulatory agencies, corporate compliance departments
Employer & Industry UsageFinancial, healthcare, corporate sectorsFinancial, healthcare, manufacturing, and other regulated industries
Common Search & Comparison IntentUnderstanding legal risk roles, legal expertise in risk managementEnsuring regulatory compliance, risk mitigation strategies

The Legal Risk Manager focuses on identifying and mitigating legal risks within an organization, often requiring legal qualifications and working closely with legal teams. The Compliance Officer primarily ensures that the company adheres to laws and regulations, often with compliance certifications. Both roles are vital in regulated industries and share overlapping skills, but their core focus differs: legal risk management versus regulatory compliance.

What are popular job titles related to Legal Risk Manager jobs in Illinois? For Legal Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Legal Risk Manager jobs in Illinois look for? The top searched job categories for Legal Risk Manager jobs in Illinois are:
Legal Risk Manager jobs near you
Infographic showing various Legal Risk Manager job openings in Illinois as of June 2026, with employment types broken down into 87% Full Time, 11% Part Time, 1% Contract, and 1% Nights. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $85,044 per year, or $40.9 per hour.
Risk Manager

Risk Manager

PremiStar

Deerfield, IL • On-site

Full-time

Posted 23 days ago

Job description

The Risk Manager is responsible for leading the organization's enterprise insurance strategy, claims management oversight, and risk mitigation initiatives within a multi-state HVAC and MEP service and construction environment.
Reporting jointly to the Controller and Director of Safety, this role serves as a strategic partner to Finance, Safety, Operations, and Executive Leadership to reduce total cost of risk, strengthen insurance performance, and protect enterprise financial stability across all Business Units.
This position requires a seasoned risk professional with deep property & casualty insurance expertise, executive-level claims management experience, and working knowledge of field operations and safety performance in HVAC/MEP environments.
Key Responsibilities
  • Enterprise Insurance Strategy
  • Lead administration and strategic oversight of all property & casualty insurance programs, including general liability, auto liability, workers' compensation, umbrella/excess, and property
  • Partner with brokers and carriers to develop renewal strategy, underwriting submissions, coverage negotiations, and program structure optimization.
  • Lead the annual insurance renewal process, gather necessary information from business units for the annual renewal, prepare summarized information to review internally and supply to the broker. Develop insurance rates for monthly accruals performed by the business.
  • Evaluate limits, deductibles, and retention strategies to align with operational risk profile and financial objectives
  • Support M&A due diligence, insurance modeling, and post-acquisition integration

Claims & Total Cost of Risk Management
  • Provide executive-level oversight of workers' compensation, auto, general liability, and property claims arising from HVAC and MEP operations
  • Partner with TPAs, carriers, and legal counsel to manage complex and litigated claims
  • Review reserves, monitor large-loss development, and provide financial forecasting insight to leadership
  • Conduct structured quarterly claims reviews with Business Unit leadership
  • Analyze claim frequency, severity, lag time, and emerging loss trends to drive corrective action

Risk Analytics & Operational Alignment
  • Analyze TRIR trends, at-fault auto incidents, and operational loss drivers across the enterprise
  • Partner with the Director of Safety to align prevention initiatives with insurance data and financial impact
  • Support targeted interventions for high-loss Business Units
  • Provide insurance education and financial risk insight to General Managers and senior leadership
  • Parter with Corporate Accounting on monthly deductible cross charges
  • Key contact for business and insurance broker related to insurance matters

Contractual Risk & Compliance
  • Review of contractual insurance requirements in commercial service and construction agreements
  • Ensure certificates of insurance and compliance documentation align with enterprise standards
  • Mitigate contractual transfer risk exposure

Qualifications
  • Bachelor's degree in risk management, Insurance, Finance, Business, Safety, or related field required
  • Minimum 10 years of progressive experience in insurance risk management, claims oversight, underwriting, or enterprise property & casualty leadership
  • Experience supporting construction, HVAC, MEP, or field service operations strongly preferred
  • Experience managing large deductible or self-insured retention programs preferred
  • Demonstrated experience partnering with executive leadership on financial risk strategy
  • Strong analytical, financial modeling, and communication skills

MINIMUM AND/OR PREFERRED QUALIFICATIONS:
  • ARM
  • CPCU
  • CSP or safety credential a plus
  • MBA or advanced business degree a plus

Additional Requirements
  • Ability to travel to Business Unit locations as needed
  • Ability to walk active construction sites, rooftops, mechanical rooms, and shop environments
  • Ability to access elevated work areas and fleet operations environments
  • Executive presence and ability to influence senior operational leaders
  • Ability to manage priorities across geographically dispersed operations

PHYSICAL DEMANDS
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

WORK ENVIRONMENT:
This job operates in both an office and a field environment. Must be able to sit and/or stand for extended periods of time.
REASONABLE ACCOMODATION:
Reasonable accommodation will be made to enable individuals with disabilities to perform the essential job functions unless doing so presents an undue hardship on the Company's business operations.
OTHER DUTIES:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. Employees understand the above job description and agree to comply with and be subject to its conditions. Employee further agrees this job description does not alter his/her at-will employment status. Employees understand the Company reserves the right to delegate, remove, expand or change all responsibilities. Employees acknowledge that he/she can fulfill the above duties with or without reasonable accommodation.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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