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

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Clinical Risk Manager

Evanston, IL · On-site

$60 - $80/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 ...

Hedge Fund Risk Manager

Chicago, IL · On-site

$100 - $125/hr

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-level risk ...

Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps client leaders translate multifaceted risk and an evolving regulatory environment into defensible ...

Industry Risk Manager

Chicago, IL · On-site

$125 - $150/hr

As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing subject matter expertise regarding AML risks presented by specific High-Risk Industries (TPPPs, MSBs ...

Senior Risk Manager At Capital One, we dare to dream, disrupt, and deliver a better way. We bring ingenuity, simplicity, and humanity to an industry ripe for change. As a senior leader in Enterprise ...

The Senior Manager, Risk Advisory Services is responsible for ensuring exceptional client service and high-quality engagement deliverables. The Senior Manager, Risk Advisory Services is also ...

Model Risk Manager

Chicago, IL · On-site

$150 - $200/hr

The Model Risk Manager will be responsible for performing and managing consulting projects for a variety of financial services clients. This primarily includes consulting with clients about model ...

Overview: DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management function by evaluating clients, counterparties, and credit investments while identifying ...

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management function by evaluating clients, counterparties, and credit investments while identifying, measuring, and ...

Showing results 21-40

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 Sep 7, 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 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 some common challenges faced by a 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 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.

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.

Do risk managers make good money?

Risk managers typically earn competitive salaries that vary based on experience, industry, and location. According to industry data, median annual pay ranges from $80,000 to over $130,000, with senior roles and certifications like FRM or CRM often commanding higher compensation. The role requires strong analytical skills and knowledge of risk assessment tools.

How much do risk managers earn?

Risk managers typically earn a median annual salary of around $100,000, with salaries ranging from approximately $70,000 to over $150,000 depending on experience, industry, and location. Advanced certifications like the FRM or CRM can also influence earning potential.

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:

Senior Manager, Risk Governance

BMO Capital Markets

Chicago, IL

$102K - $190K/yr

Full-time

Medical, Life, Retirement

Posted 11 days ago


Job description

Application Deadline:

09/14/2026

Address:

338 S. Canal St

Job Family Group:

Audit, Risk & Compliance

This role is part of the Risk Governance Office (RGO) within Enterprise Risk Management (ERM), which is part of Enterprise Risk & Portfolio Management (ERPM), BMO's second line of defense. The Risk Governance Office is responsible for developing, maintaining, and overseeing the frameworks, standards, methodologies, and practices that support effective risk governance, clear accountability, and consistent execution of the Risk Management Framework (RMF) across the enterprise and Combined U.S. Operations (CUSO).

The Senior Manager, Risk Governance leads the design, implementation, oversight, and continuous enhancement of risk governance frameworks, standards, and practices that support effective oversight, transparency, accountability, and regulatory compliance. The role provides thought leadership, governance expertise, independent challenge, and strategic advisory support to help ensure governance requirements remain effective and are implemented consistently across the organization.

Key Accountabilities:

  • Leads the design, development, implementation, and ongoing enhancement of risk governance frameworks, standards, methodologies, and supporting guidance.

  • Establishes and maintains governance practices that support effective execution of the Risk Management Framework and alignment with regulatory expectations, industry practices, and business strategy.

  • Provides strategic advice, governance expertise, and effective challenge to stakeholders on the application and implementation of governance frameworks, policies, standards, and requirements.

  • Leads assessments of governance effectiveness and identifies opportunities to strengthen governance practices, oversight activities, operating models, and control environments.

  • Oversees the development of governance reporting, metrics, dashboards, and management information, providing insights and recommendations to support executive decision-making.

  • Identifies emerging governance, regulatory, and industry trends and translates them into actionable recommendations to enhance governance frameworks and practices.

  • Leads complex governance, regulatory, and strategic initiatives, including framework enhancements, implementation activities, stakeholder engagement, communications, and change management.

  • Supports regulatory examinations, audits, reviews, and remediation activities, acting as a key governance subject matter expert.

  • Develops governance tools, methodologies, and supporting resources that promote consistency, transparency, and effective governance execution.

  • Influences senior stakeholders across business groups, corporate functions, and jurisdictions to drive alignment and effective governance outcomes.

  • Builds strong partnerships across the three lines of defense and provides leadership on governance-related matters impacting the enterprise.

  • Analyzes complex information and exercises sound judgment to identify issues, risks, and opportunities, developing practical and sustainable solutions.

Qualifications:

  • Typically 7-10 years of experience in risk management, governance, compliance, audit, internal controls, regulatory management, or related disciplines.

  • Significant experience developing, implementing, or overseeing governance frameworks, policies, standards, controls, or enterprise oversight programs.

  • Strong understanding of governance, risk management, regulatory expectations, and internal control principles within a large financial institution.

  • Demonstrated ability to lead complex, cross-functional initiatives and influence senior stakeholders.

  • Strong strategic thinking, analytical, problem-solving, communication, and relationship management skills.

  • Ability to operate independently and exercise judgment on complex governance, regulatory, and business matters.

Salary:

$102,000.00 - $190,000.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit:https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.