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Operational Risk Manager Jobs in Crystal Lake, IL

Key Mortgage Services

Compliance Manager

Schaumburg, IL · On-site

$80K - $100K/yr

  • Medical

  • Dental

  • Retirement

  • PTO

The Compliance Manager is staff's primary resource for day-to-day regulatory questions and works closely with the SVP of Fulfillment Operations and Risk to support broader oversight of the risk ...

Key Mortgage Services

Compliance Manager

Schaumburg, IL

$80K - $100K/yr

  • Medical

  • Dental

  • Retirement

  • PTO

The Compliance Manager is staff's primary resource for day-to-day regulatory questions and works closely with the SVP of Fulfillment Operations and Risk to support broader oversight of the risk ...

Key Mortgage Services

Compliance Manager

Schaumburg, IL · On-site

$80K - $100K/yr

  • Medical

  • Dental

  • Retirement

  • PTO

The Compliance Manager is staff's primary resource for day-to-day regulatory questions and works closely with the SVP of Fulfillment Operations and Risk to support broader oversight of the risk ...

Orion

Senior Privacy & AI Risk Analyst

Mundelein, IL · Hybrid

  • Medical

  • Dental

  • Vision

  • Retirement

Manage responses to Potential Privacy Incident, in consultation with the Risk Officer, Orion ... Has knowledge of the investment advisor industry, operations, and regulatory landscape * Has ...

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All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Crystal Lake, IL

Operational Risk Manager information

See Crystal Lake, IL salary details

$45.6K

$117.1K

$229.8K

How much do operational risk manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for operational risk manager in Crystal Lake, IL is $117,057.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,300.00 and $154,200.00 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.

More about Operational Risk Manager jobs

What job categories do people searching Operational Risk Manager jobs in Crystal Lake, IL look for?

The top searched job categories for Operational Risk Manager jobs in Crystal Lake, IL are:

What cities near Crystal Lake, IL are hiring for Operational Risk Manager jobs?

Cities near Crystal Lake, IL with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Crystal Lake, IL as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $117,057 per year, or $56.3 per hour.

Compliance Manager

Key Mortgage Services

Schaumburg, IL • On-site

$80K - $100K/yr

Full-time

Medical, Dental, Retirement, PTO

Posted 10 days ago

Job description

The Compliance Manager oversees the core functions of Key Mortgage's compliance program, helping to ensure policies, procedures, and daily operations align with applicable laws and regulations. This role helps to monitor regulatory changes, manages licensing and examination readiness, oversees complaint handling, and coordinates audit and risk-related activities. The Compliance Manager is staff's primary resource for day-to-day regulatory questions and works closely with the SVP of Fulfillment Operations and Risk to support broader oversight of the risk program.
Core Responsibilities
Licensing & Exam Readiness
  • Manage company and individual licensing requirements and renewals.
  • Prepare the organization and relevant staff for state and federal regulatory examinations.
  • Coordinate examination responses and track any resulting action items.

Complaint Management
  • Own the complaint management process from intake through resolution.
  • Triage and respond to inquiries submitted to the compliance mailbox in a timely manner.
  • Identify trends in complaint data and escalate systemic issues as needed.

SAR Review & Audit Support
  • Review flagged activity and process Suspicious Activity Reports in line with policy and required timelines.
  • Maintain documentation supporting SAR decisions and filings.
  • Escalate unclear or higher-risk cases as needed.
  • Fulfill documentation requests for internal and external audits.
  • Track audit findings and corrective action items through to closure.

Cross-Functional Partnership
  • Partner with the SVP of Fulfillment Operations & Risk and the QC/QA vendor manager to ensure findings from those areas are reflected in licensing, complaint, and audit work as needed.

Requirements
Required
  • Bachelor's degree in Business, Finance, Law, or a related field, or equivalent experience.
  • 5+ years of mortgage compliance experience.
  • Working knowledge of federal mortgage regulations: TRID, RESPA, HMDA, ECOA/Reg B, FCRA, Reg Z, Reg X, and applicable state lending laws.
  • Strong written and verbal communication skills, with the ability to work across teams at all levels.
  • Ability to manage competing priorities and recurring deadlines independently.

Preferred
  • CRCM (Certified Regulatory Compliance Manager) or similar professional certification.
  • Prior experience supporting a regulatory examination or SAR filing process.
  • Familiarity with LOS platforms (Encompass, Empower, Byte) and compliance management systems.

Salary Range:
  • $80,000 - $100,000

Benefits
  • Medical
  • Dental
  • 401k with employer match
  • Paid Time Off
  • Volunteer Time Off

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