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Operational Risk Manager Jobs in Illinois (NOW HIRING)

Preferred Skills Change Management, Conflict Management, Crisis Management, Emerging Risks, Influencing Change, Operations Management, Risk Management Programs, Strategic Planning Competencies ...

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Clinical Risk Manager

Chicago, IL · On-site

$42.54 - $65.94/hr

The Clinical Risk Manager is responsible for the review, investigation and prioritization of ... Collaborates with Performance Improvement team and Operational Leaders to identify key quality and ...

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Senior Risk Manager

Lisle, IL · On-site

$138.40K - $207.60K/yr

The Senior Risk Manager will lead the enterprise insurance and risk financing programs; assess ... operations. This position will own the insurance purchasing cycle, manage external partners ...

Evaluate and recommend risk retention levels by guiding and supervising the activity of the ... Team with operations Human Resources management and external claims administrators to insure ...

Senior Auditor - Risk Management

Chicago, IL · On-site

$83.40K - $102.50K/yr

As a member of the Audit team, the candidate will focus on audits of Enterprise and Operational Risk Management frameworks and processes in the Second Line of Defense, as well as the related risk ...

Senior Auditor - Risk Management

Riverwoods, IL · On-site

$84.10K - $103.30K/yr

As a member of the Audit team, the candidate will focus on audits of Enterprise and Operational Risk Management frameworks and processes in the Second Line of Defense, as well as the related risk ...

... and operational risk programs, promoting an environment of risk awareness and ownership in the ... Third-Party Management * Guide business partners through governance processes related to new ...

The Manager oversees credit risk reviews as well as investigations and is responsible to make ... Communicate and establish relationships with Field Operations and Commercial Sales Teams related to ...

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Operational Risk Manager information

See Illinois salary details

$45.5K

$117K

$229.7K

How much do operational risk manager jobs pay per year?

As of Jun 4, 2026, the average yearly pay for operational risk manager in Illinois is $116,967.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,200.00 and $154,100.00 per year, depending on experience, location, and employer.

What Does an Operational Risk Manager Do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

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

To thrive as an Operational Risk Manager, you need a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

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

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

What are the most commonly searched types of Operational Risk jobs in Illinois? The most popular types of Operational Risk jobs in Illinois are:
What are popular job titles related to Operational Risk Manager jobs in Illinois? For Operational Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Illinois look for? The top searched job categories for Operational Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Operational Risk Manager jobs? Cities in Illinois with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Illinois as of May 2026, with employment types broken down into 100% Full Time. Highlights an 90% In-person, and 10% Remote job distribution, with an average salary of $116,967 per year, or $56.2 per hour.
LOB Risk Manager II

LOB Risk Manager II

PNC Bank

Downers Grove, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago


PNC Bank rating

7.7

Company rating: 7.7 out of 10

Based on 332 frontline employees who took The Breakroom Quiz

71st of 141 rated banks


Job description

Position OverviewAt PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a LOB Risk Manager II within PNC's HR Strategy, Delivery and Risk organization, you can be based in Pittsburgh, PA; Cleveland, OH; Birmingham, AL; Downers Grove, IL; or Atlanta, GA
Lead and develop a team of HR Risk Specialists responsible for executing and overseeing issue management, risk and control assessments, control validation, and remediation activities across all HR Centers of Expertise (COEs)
Provide governance and quality oversight for HR issue management, including evaluation of root cause, remediation plans, management responses, and issue closure submissions in partnership with Independent Risk Management and Internal Audit
Represent Human Resources in various enterprise risk forums and working groups serving as the primary HR risk point of contact
Partner with HR leadership, COEs, and Enterprise Risk functions to identify, assess, and mitigate HR risks, ensuring alignment with applicable enterprise risk frameworks, policies, and standards
Partner closely with senior HR leaders to communicate HR risk positioning, key risk themes, and emerging concerns, providing clear, actionable insights to support decisionmaking and escalation
Preferred candidates will have experience leveraging automation, data analytics, or artificial intelligence to enhance risk oversight, control monitoring, or issue management processesPNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.Job Description
  • Responsible for the establishment and oversight of risk strategies and program execution. May manage manager(s) and serves as a senior risk advocate for the risk management program.
  • Establishes the line of business risk management strategies and programs, maintains and enhances existing programs to support the business(es) in managing risk while meeting business and regulatory expectations.
  • Oversees the timely and proper execution of the risk management program within and/or across the lines of business.
  • Provides risk expertise while working with the businesses and other risk partners (e.g., Compliance, Credit, Legal, Audit). Monitors changes in internal and external factors and identifies emerging risks.
  • Manages and engages employees and develops internal capabilities. May manage individual contributors and/or managers.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to:

  • Include Intentionally - Cultivates diverse teams and inclusive workplaces to expand thinking.
  • Live the Values - Role models our values with transparency and courage.
  • Enable Change - Takes action to drive change and innovation that will transform our business.
  • Achieve Results - Takes personal ownership to deliver results. Empowers and trusts others in decision making.
  • Develop the Best - Raises the bar with every talent decision and guides the achievement of all employees and customers.
Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

Preferred SkillsChange Management, Conflict Management, Crisis Management, Emerging Risks, Influencing Change, Operations Management, Risk Management Programs, Strategic PlanningCompetenciesCollaborating, Decision Making and Critical Thinking, Effective Communications, Industry Knowledge, Internal Controls, Operational Risk, Organizational Governance, Regulatory Environment - Financial ServicesWork ExperienceRoles at this level typically require a university / college degree. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry experience is typically 8+ years. At least 5 years of prior management experience is typically required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.EducationBachelorsCertificationsNo Required Certification(s)LicensesNo Required License(s)Pay TransparencyBase Salary: $80,000.00 - $171,925.00Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.Application WindowGenerally, this opening is expected to be posted for two business days from 05/11/2026, although it may be longer with business discretion.BenefitsPNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.

To learn more about these and other programs, including benefits for full time and part-time employees, visitpncthrive.com.

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include "accommodation request" in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.


At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

Equal Employment Opportunity (EEO)


PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.


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