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

DV Trading

Operational Risk Manager

Chicago, IL · On-site

Overview: DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently ...

DV Trading

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 ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

Overview: DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently ...

DRiV

Insurance Risk Manager

Skokie, IL · Hybrid

Insurance Risk Manager Location: Southfield, MI or Skokie, IL(Hybrid) DRiV, Tenneco's Aftermarket business group, is a global leader with top-three market share positions across most of our product ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

Overview: DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager-level due diligence, and forward-looking risk analytics to support investment decision-making. The ...

CFA Institute

Hedge Fund Risk Manager

Chicago, IL · On-site

$100 - $125/hr

This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager-level due diligence, and forward-looking risk analytics to support investment decision-making. The ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager-level due diligence, and forward-looking risk analytics to support investment decision-making. The ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

This role supports the Risk and Investment Teams through portfolio-level risk aggregation, manager-level due diligence, and forward-looking risk analytics to support investment decision-making. The ...

Alero Financial

Third Party Risk Manager

Elgin, IL · On-site

$120K - $150K/yr

Third Party Risk Manager Reports to: First Vice President, Enterprise Risk Management Grade Level: 16 Full Salary Range: $120,574.45 - $180,861.67 Hiring Salary Range: $120,574.45 - $150,718.06 ...

Socket.dev

Third Party Risk Manager

Carol Stream, IL · On-site

$125 - $150/hr

Third Party Risk Manager Reports to: First Vice President, Enterprise Risk Management Grade Level: 16 Full Salary Range: $120,574.45 - $180,861.67 Hiring Salary Range: $120,574.45 - $150,718.06 ...

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ADP, Inc.

Third Party Risk Manager

Carol Stream, IL · On-site

$125 - $150/hr

Third Party Risk Manager Reports to: First Vice President, Enterprise Risk Management Full Salary Range: $120,574.45 - $180,861.67 Hiring Salary Range: $120,574.45 - $150,718.06 Position Summary: The ...

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All JobsRisk 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 Sep 8, 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:

Manager Risk Manager jobs near you

Claims Manager, Risk Management

Starr Insurance Companies

Chicago, IL • On-site

Full-time

Re-posted 25 days ago

Job description

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

Preferred Location: Chicago

Alternate Locations: Atlanta, Philadelphia, Houston or Dallas

The Claims Manager, Risk Management will be responsible for:

Active oversight of claims currently managed by a Third Party Administrator as well as direct

handling of an active inventory of primary and excess claims related to policies written out of

the Risk Management Profit Center in various jurisdictions

Performing prompt coverage analysis and determination, investigation into liability and

defenses, and timely reserve evaluations

Perform audits through claim systems and on-site visits

Required to attend mediations, settlement conferences, etc. to negotiate cost-effective

settlements and attend trials on an "as needed" basis

Provide timely and meaningful information to underwriters, actuaries and reinsurers to update

them regarding losses which could impact Starr's policies

Job Requirements:

  • Bachelors Degree required. JD preferred but not required
  • 7 - 10 years of experience in handling general liability claims and/or relevant litigation experience
  • Prior experience evaluating complex coverage issues related to CGL policies
  • Experience working with and managing TPAs
  • Demonstrated success managing litigation, evaluating and negotiating claims, involving both property damage and bodily injury exposures
  • Customer focus with excellent interpersonal, written and verbal communication skills
  • Detail oriented
  • High degree of personal organization and time management skills
  • Pro-active. Must have a sense of urgency
  • Ability to prioritize and perform successfully in a fast-paced environment
  • Proficiency in Microsoft Word and Excel
  • Some travel is required and will vary depending on business needs and caseload

#LI-LS1

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

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