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Manager Risk Manager Jobs in Buffalo Grove, IL (NOW HIRING)

PremiStar

Risk Manager

Deerfield, IL · On-site

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 ...

PayPal

Sr Manager, Risk Management

Chicago, IL · On-site

$143K - $212K/yr

This job leads complex projects related to risk management, collaborates with teams to identify risks, develops strategies for risk mitigation, assesses business trends, and drives global process ...

PayPal, Inc.

Sr Manager, Risk Management

Chicago, IL · On-site

$143K - $212K/yr

This job leads complex projects related to risk management, collaborates with teams to identify risks, develops strategies for risk mitigation, assesses business trends, and drives global process ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

Role Overview We are seeking an experienced Risk Manager to join our investment team and oversee risk across a diversified portfolio of external hedge fund managers. This role focuses on portfolio ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

Role Overview We are seeking an experienced Risk Manager to join our investment team and oversee risk across a diversified portfolio of external hedge fund managers. This role focuses on portfolio ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Role Overview We are seeking an experienced Risk Manager to join our investment team and oversee risk across a diversified portfolio of external hedge fund managers. This role focuses on portfolio ...

Associatedbank

Model Risk Manager

Chicago, IL · On-site

Responsible for ongoing management, the bank's Model Risk Management Program including continuous enhancements in compliance with applicable regulations and industry practices. The incumbent will be ...

Early Warning Services

IT Risk Manager

Chicago, IL · Hybrid

Overview The Manager, Risk Management is responsible for the building and coordination of a centralized first-line of defense (LOD1) risk and internal control program efforts for Early Warning ...

Endeavor Health

Clinical Risk Manager

Glenview, IL

$42.54 - $65.94/hr

Clinical Risk Manager * Location: Evanston, IL * Full Time:40 hours/week * Hours: Monday-Friday,8:00a-5:00p with on call rotation every 6 weeks * Required Travel: To Endeavor locations: Skokie ...

Endeavor Health

Clinical Risk Manager

Evanston, IL

$42.54 - $65.94/hr

Clinical Risk Manager * Location: Evanston, IL * Full Time:40 hours/week * Hours: Monday-Friday,8:00a-5:00p with on call rotation every 6 weeks * Required Travel: To Endeavor locations: Skokie ...

NorthShore

Clinical Risk Manager

Evanston, IL · On-site

$42.54 - $65.94/hr

Clinical Risk Manager * Location: Evanston, IL * Full Time:40 hours/week * Hours: Monday-Friday,8:00a-5:00p with on call rotation every 6 weeks * Required Travel: To Endeavor locations: Skokie ...

NorthShore

Clinical Risk Manager

Chicago, IL · On-site

$42.54 - $65.94/hr

Clinical Risk Manager * Location: Swedish Hospital, Chicago * Full Time: 40 hours * Hours: Monday-Friday, Monday-Friday, 8:00a-5:00p * On call: once every 6th week * Travel: To other Endeavor ...

Endeavor Health

Clinical Risk Manager

Wilmette, IL

$42.54 - $65.94/hr

Clinical Risk Manager * Location: Evanston, IL * Full Time:40 hours/week * Hours: Monday-Friday,8:00a-5:00p with on call rotation every 6 weeks * Required Travel: To Endeavor locations: Skokie ...

Endeavor Health

Clinical Risk Manager

Highwood, IL

$42.54 - $65.94/hr

Clinical Risk Manager * Location: Evanston, IL * Full Time:40 hours/week * Hours: Monday-Friday,8:00a-5:00p with on call rotation every 6 weeks * Required Travel: To Endeavor locations: Skokie ...

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 ...

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Showing results 1-20

All JobsManager Risk Manager JobsManager Risk Manager Jobs in Buffalo Grove, IL

Manager Risk Manager information

See Buffalo Grove, IL salary details

$23.6K

$62.9K

$105.1K

How much do manager risk manager jobs pay per year?

As of Jun 19, 2026, the average yearly pay for manager risk manager in Buffalo Grove, IL is $62,918.00, according to ZipRecruiter salary data. Most workers in this role earn between $45,100.00 and $70,800.00 per year, depending on experience, location, and employer.

What does a risk management manager do?

A risk management manager identifies, assesses, and prioritizes potential risks to an organization, developing strategies to mitigate or manage those risks. They analyze data, implement policies, and work with various departments to ensure the company's assets and operations are protected from financial, legal, or operational threats.

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 $200,000 annually. These roles require extensive experience, advanced certifications like FRM or CRM, and oversight of enterprise-wide risk strategies in large organizations.

What is the difference between Manager Risk Manager vs Risk Analyst?

AspectManager Risk ManagerRisk Analyst
CredentialsCertifications like FRM, CRM, or CPA often preferredSimilar certifications may be beneficial but less required
Work EnvironmentOversees risk management teams, develops strategies, and manages risk policiesAnalyzes data, assesses risks, and supports risk management decisions
Employer & Industry UsageCommon in finance, insurance, and corporate sectorsUsed across finance, banking, and consulting firms

The Manager Risk Manager typically leads risk management efforts, develops policies, and manages teams, requiring advanced certifications and leadership skills. In contrast, the Risk Analyst focuses on data analysis, risk assessment, and supporting risk strategies. Both roles are vital in risk management but differ in scope, responsibilities, and seniority.

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 risk directors in financial services or corporate sectors tend to earn the highest compensation packages.

What does a Manager Risk Manager do?

A Manager Risk Manager is responsible for identifying, assessing, and mitigating potential risks that could impact an organization’s operations, reputation, or profitability. They develop risk management strategies, policies, and procedures to minimize financial losses and ensure compliance with regulations. Additionally, they often lead a team of risk professionals, provide training, and work with other departments to implement effective risk controls.

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

To thrive as a Risk Manager, you need strong analytical skills, a solid understanding of risk assessment methodologies, and typically a degree in finance, business, or a related field. Familiarity with risk management software, regulatory compliance frameworks, and certifications such as FRM or CRM are commonly required. Excellent communication, decision-making, and leadership abilities help you collaborate across departments and guide risk mitigation strategies. These skills and qualifications are vital for proactively identifying threats and ensuring the organization's stability and compliance.

How much does a risk manager get paid?

A risk manager's average salary typically ranges from $80,000 to $150,000 annually, depending on experience, industry, and location. Senior risk managers or those in specialized sectors can earn higher compensation, often supplemented with certifications like FRM or CRM. Salary levels also depend on the size of the organization and the complexity of the risk management responsibilities.

What are some of the common challenges faced by a Manager Risk Manager when implementing risk management frameworks across different departments?

A Manager Risk Manager often encounters challenges such as varying levels of risk awareness and compliance among departments, resistance to change, and difficulty in standardizing processes. Coordinating efforts across teams with different priorities requires strong communication and negotiation skills. Additionally, keeping up with evolving regulations and ensuring all teams are adequately trained to identify and mitigate risks is an ongoing responsibility. Addressing these challenges typically involves building strong relationships, providing targeted training, and regularly reviewing risk management processes for effectiveness.
What job categories do people searching Manager Risk Manager jobs in Buffalo Grove, IL look for? The top searched job categories for Manager Risk Manager jobs in Buffalo Grove, IL are:
What cities near Buffalo Grove, IL are hiring for Manager Risk Manager jobs? Cities near Buffalo Grove, IL with the most Manager Risk Manager job openings:
Manager Risk Manager jobs near you
Risk Manager

Risk Manager

PremiStar

Deerfield, IL • On-site

Full-time

Posted 11 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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