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Operational Risk Manager Jobs in Grayslake, IL (NOW HIRING)

Level 10, LLC

Finance

Hoffman Estates, IL · On-site

Risk Management: Identifying, assessing, and mitigating financial risks (e.g., market risk, credit risk, operational risk) that could impact the organization's financial stability and objectives.

Collabera

Project Manager

Northfield, IL

Provide leadership to integrate security technology, operations and risk management. The Lead will additionally create and maintain an enterprise vendor pre-approval list and risk "heat map ...

Baxter

Principal Risk Engineer

Round Lake, IL · On-site

$112K - $154K/yr

We strive for efficient and effective operations, and we hold each other accountable for delivering ... Lead risk management activities in accordance with ISO 14971 and corporate procedures related to ...

Kraft Heinz Company

EHS Manager

Woodstock, IL · On-site

$89K - $112K/yr

The EHS Manager will be responsible for managing Operational Risk Management (ORM) processes that include Safety and Health, Environment, Business Continuity, Facility Security, Asset Conservation ...

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Operational Risk Manager information

See Grayslake, IL salary details

$45.7K

$117.4K

$230.6K

How much do operational risk manager jobs pay per year?

As of Sep 14, 2026, the average yearly pay for operational risk manager in Grayslake, IL is $117,437.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,500.00 and $154,700.00 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.

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

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

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Grayslake, IL as of August 2026, with employment types broken down into 82% Full Time, 15% Part Time, 1% Contract, and 2% Nights. Highlights an 78% Physical, 2% Hybrid, and 20% Remote job distribution, with an average salary of $117,437 per year, or $56.5 per hour.

Finance

Hoffman Estates, IL • On-site

Level 10, LLC
IT Services • 51 - 200 employees
Learn more about Level 10, LLCexternal

Other

Re-posted 22 days ago

Job description

Job Description
Job Description
Description:

In agreement with our mission at Level 10 in creating authentic, engaging and long-term relationships, we would like to extend any candidate the opportunity to apply and engage in an a conversation around opportunities within our organization. If you are interested in speaking with us and applying for this department, please submit your application and resume. We will be in touch!

Purpose: The Finance Department serves as a strategic partner within our organization, contributes to the overall financial health and success of the organization by ensuring financial stability, supporting growth initiatives, and contributing to the overall success of the organization.


Scope: The Finance Department is responsible for financial planning, reporting, managing financial resources, ensuring compliance with regulations, supporting strategic decision-making, and fostering financial stability.


Our Finance department is made up of the following roles: Controller, Assistant Controller, Staff Accounts


Department Responsibilities:


Budgeting & Financial Forecasting: Developing and managing the organization's budgetary process, including forecasting revenue and expenses, and allocating resources effectively across departments. Predicting future financial performance based on historical data and market trends to support strategic planning and decision-making.


Financial Statements: Preparing accurate and timely financial statements (e.g., balance sheet, income statement, cash flow statement) in accordance with accounting standards (e.g., GAAP, IFRS) for internal management and external stakeholders.


Regulatory Compliance: Ensuring compliance with financial regulations, tax laws, and reporting requirements imposed by regulatory authorities and government agencies.


Risk Management: Identifying, assessing, and mitigating financial risks (e.g., market risk, credit risk, operational risk) that could impact the organization's financial stability and objectives.


Cash Flow Management: Monitoring and managing cash flow to ensure liquidity for day-to-day operations and strategic investments.


Working Capital Management: Optimizing the management of current assets and liabilities to maintain operational efficiency and financial health.


Financial Analysis: Providing analysis and financial metrics to support strategic decisions related to investments, acquisitions, and business expansion.


Tax Compliance: Managing tax filings and ensuring compliance with tax laws to minimize tax liabilities and risks.

Strategic Planning: Contributing to the development of long-term financial strategies aligned with the organization's goals and objectives.


Audit Coordination: Coordinating external audits and ensuring compliance with audit requirements and recommendations.

Financial Systems: Implementing and managing financial systems (e.g., ERP systems, financial reporting tools) to streamline processes, improve efficiency, and enhance data integrity.



Requirements:


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