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Medical Device Risk Management Jobs in Chicago, IL

Sinai Chicago

Director of Risk Management

Chicago, IL · On-site

The Director of Risk Management will collaborate closely with executive leadership, operational ... Medical, Dental, and Vision Coverage * Prescription Drug Coverage * Health Savings Account (HSA)

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Medical Device Risk Management information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do medical device risk management jobs pay per year?

As of Sep 8, 2026, the average yearly pay for medical device risk management in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

What is medical device risk management?

Medical device risk management is the systematic process of identifying, evaluating, and controlling risks associated with medical devices throughout their lifecycle. This process ensures that potential hazards are minimized to protect patient safety and comply with regulatory standards, such as ISO 14971. Risk management includes activities like risk assessment, implementing controls, monitoring, and documenting all steps to demonstrate compliance. It is a critical function in the design, manufacturing, and post-market phases of medical device development.

How does a medical device risk management professional typically collaborate with cross-functional teams during the product development lifecycle?

Medical Device Risk Management professionals work closely with engineering, regulatory affairs, quality assurance, and clinical teams to identify, assess, and mitigate potential risks associated with medical devices. They participate in design reviews, facilitate risk assessments such as FMEA, and ensure that risk controls are effectively implemented and documented according to regulatory standards like ISO 14971. Regular communication and collaboration are essential to align risk management activities with project timelines and compliance requirements, ensuring patient safety and product success.

What are the key skills and qualifications needed to thrive in medical device risk management, and why are they important?

To thrive in Medical Device Risk Management, you need a solid background in engineering or life sciences, a thorough understanding of regulatory standards (such as ISO 14971), and experience in risk assessment processes. Familiarity with risk management software, quality management systems, and relevant regulatory databases is typically required, along with certifications like Certified Risk Manager (CRM) or RAC. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for evaluating risks and collaborating with cross-functional teams. These competencies ensure the safety and compliance of medical devices, protecting both end-users and the company from regulatory or safety issues.

What is the difference between Medical Device Risk Management vs Medical Device Quality Assurance?

AspectMedical Device Risk ManagementMedical Device Quality Assurance
Primary FocusIdentifying, evaluating, and mitigating risks associated with medical devicesEnsuring products meet quality standards and regulatory requirements
CertificationsISO 14971, RAPS certifications often preferredISO 13485, regulatory compliance certifications
Work EnvironmentDesign and development teams, risk analysis meetingsManufacturing, inspection, and quality control departments
Industry UsageUsed throughout product lifecycle for safety managementUsed to maintain product quality and compliance

While both roles are essential in the medical device industry, Risk Management focuses on minimizing safety risks throughout the product lifecycle, whereas Quality Assurance ensures products consistently meet quality and regulatory standards. Understanding these differences helps professionals align their skills with industry needs.

What are popular job titles related to Medical Device Risk Management jobs in Chicago, IL?

For Medical Device Risk Management jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Medical Device Risk Management jobs in Chicago, IL look for?

The top searched job categories for Medical Device Risk Management jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Medical Device Risk Management jobs?

Cities near Chicago, IL with the most Medical Device Risk Management job openings:

Medical Device Risk Management jobs near you
Infographic showing various Medical Device Risk Management job openings in Chicago, IL as of September 2026, with employment types broken down into 100% Full Time. Highlights an 50% In-person, and 50% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

Director of Risk Management

Sinai Chicago

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 29 days ago

Sinai Chicago rating

7.8

Company rating: 7.8 out of 10

Based on 15 frontline employees who took The Breakroom Quiz

Job description

About Us
At Sinai Chicago, we take health care personally. Excellence in health care is about more than medicine, technology, tests, and treatments. It is about caring for people with dignity and respect. We are dedicated to providing exceptional care for our patients, supporting our community, and creating meaningful opportunities for our team members.
Position Summary
Sinai Chicago is seeking an experienced Director of Risk Management to lead and oversee the organization's comprehensive risk management program. Reporting directly to the General Counsel, this leadership role is responsible for safeguarding Sinai Health System's assets, operations, and reputation through proactive risk assessment, loss prevention, insurance management, litigation oversight, and regulatory compliance initiatives.
The Director of Risk Management will collaborate closely with executive leadership, operational departments, legal counsel, compliance teams, and clinical stakeholders to identify, evaluate, and mitigate organizational risks while supporting the Enterprise Risk Management (ERM) strategy.
Key Responsibilities
  • Develop, implement, and administer a system-wide Risk Management Program.
  • Analyze risk data, identify trends, and develop mitigation strategies to reduce organizational exposure.
  • Lead insurance and risk financing programs, including policy management and claims oversight.
  • Oversee litigation management in partnership with legal counsel and external stakeholders.
  • Conduct annual enterprise-wide risk assessments and recommend corrective action plans.
  • Develop and facilitate risk management education and training programs for staff and leadership.
  • Partner with executive leadership to support strategic risk management initiatives.
  • Provide guidance on regulatory, compliance, and risk-related matters affecting the organization.
  • Collaborate with the Chief Compliance Officer and Enterprise Risk Counsel to execute the Enterprise Risk Management Plan.
  • Participate in the development and review of organizational policies, procedures, and programs.
  • Maintain current knowledge of federal, state, and local healthcare regulations, accreditation standards, and industry best practices.
  • Foster strong relationships with internal and external stakeholders, including insurance carriers, legal partners, clinical leaders, and professional organizations.
  • Perform additional duties as assigned.
Qualifications
Required
  • Minimum of 3 years of healthcare experience in a healthcare setting.
  • Strong understanding of healthcare operations and risk management principles.
  • Excellent verbal, written, analytical, and problem-solving skills.
  • Demonstrated business acumen with the ability to balance strategic objectives and operational needs.
  • Ability to assess risk and recommend effective mitigation strategies.
  • Proficiency in Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.
Preferred
  • Experience in healthcare risk management.
  • Experience managing insurance programs and litigation matters.
  • Working knowledge of federal and state healthcare regulations, including:
    • HIPAA Privacy and Security requirements
    • Medicare and Medicaid regulations
    • Healthcare accreditation standards
    • Non-discrimination and regulatory compliance requirements
Ideal Candidate
The successful candidate will be a strategic and collaborative leader who can navigate complex healthcare environments, influence decision-making, and drive risk reduction initiatives across the organization. They will possess strong relationship-building skills, sound judgment, and the ability to communicate effectively with executives, physicians, clinical teams, and external partners.
Work Environment
  • General office environment.
  • Moderate noise level.
  • Occasional travel throughout the health system may be required.
Physical Requirements
  • Regularly required to sit, communicate, and utilize standard office equipment.
  • Occasionally required to stand and move throughout facilities.
  • Ability to lift and/or move up to 25 pounds occasionally.
  • Requires close vision, distance vision, and the ability to adjust focus.
Exposure Classification
Blood-Borne Pathogen Exposure Category 3
This position does not involve routine exposure to blood, body fluids, non-intact skin, or tissue specimens and does not require participation in emergency medical care or first aid activities.
Benefits
Sinai Chicago offers a comprehensive benefits package that may include:
  • Medical, Dental, and Vision Coverage
  • Prescription Drug Coverage
  • Health Savings Account (HSA)
  • Flexible Spending Account (FSA)
  • Employer-Paid Life Insurance and AD&D
  • Supplemental Life Insurance
  • Short-Term and Long-Term Disability
  • Employee Assistance Program (EAP)
  • Student Loan Assistance Program
  • Retirement and Additional Wellness Benefits

Eligibility for certain benefit programs may be based on scheduled hours worked and completion of applicable waiting periods.
Our Values
Teamwork
  • Collaborate effectively to create an inclusive and supportive workplace.

Respect
  • Treat every individual with dignity, fairness, and appreciation for their unique contributions.

Quality
  • Commit to continuous improvement, learning, and excellence in patient care.

Integrity
  • Demonstrate honesty, accountability, and ethical decision-making.

Safety
  • Promote a safe environment for patients, visitors, and colleagues.

Role Model
  • Lead by example and champion organizational values in every interaction.
Join Sinai Chicago
If you are a strategic healthcare leader with a passion for risk management, compliance, and organizational excellence, we encourage you to apply and help us continue our mission of delivering compassionate, high-quality care to the communities we serve.

What Sinai Chicago employees say

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About Sinai Chicago

Sourced by ZipRecruiter

Sinai Chicago is an integral part of the healthcare industry, established to provide quality and accessible healthcare for the Chicago, IL, US community. The organization operates across various healthcare sectors including teaching, research, and providing clinical care. Since its inception in 1919, Sinai Chicago has been resolute in improving the health of the people and communities it serves, with a focus on delivering value-based care to areas with pressing health needs. The core values of Sinai Chicago include respect, integrity, teamwork, accountability, and quality. The company's mission and commitment lie in nurturing healthier communities through the provision of accessible, quality healthcare.

Industry

Health care and social assistance and hospitals

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US

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