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

Security Program Manager

Atlanta, IL

$126K - $153K/yr

... and reduce operational risk. * Ensure documentation aligns with security, compliance, and ... Knowledge Management Frameworks * Proven ability to document operational processes and translate ...

New

EHS Specialist

Bloomington, IL · On-site

$65K - $93K/yr

The EHS Specialist teaches, coaches and advises company personnel regarding company Environmental, Health, and Safety policies, procedures, and safety management systems to mitigate operational risk.

EHS Specialist

Bloomington, IL · On-site

$65K - $93K/yr

The EHS Specialist teaches, coaches and advises company personnel regarding company Environmental, Health, and Safety policies, procedures, and safety management systems to mitigate operational risk.

EHS Specialist

Bloomington, IL · On-site

$65K - $93K/yr

The EHS Specialist teaches, coaches and advises company personnel regarding company Environmental, Health, and Safety policies, procedures, and safety management systems to mitigate operational risk.

Plant Finance Manager

Lincoln, IL · On-site

$130K - $190K/yr

Risk Management: Identify financial risks within the operations and propose mitigation strategies. * Performance Tracking: Monitor key performance indicators (KPIs) and operational metrics to ...

Part Sales Manager - Full Time

Lincoln, IL · On-site

$15.05 - $16.65/hr

Customer Service while executing store operations with excellence. Under the Store Manager ... Safety & Compliance - Enforce PPE use, promote risk management practices, and uphold company safety ...

VP Audit Services

Bloomington, IL · On-site

$119K - $160K/yr

... and risk assessment, scoping and management action plans and validation of issue closure ... operations and administrative functions in the organization. * Oversees and evaluates the ...

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Operational Risk Manager information

See Normal, IL salary details

$46K

$118K

$231.7K

How much do operational risk manager jobs pay per year?

As of Aug 11, 2026, the average yearly pay for operational risk manager in Normal, IL is $118,009.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,900.00 and $155,400.00 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 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 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 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 job categories do people searching Operational Risk Manager jobs in Normal, IL look for? The top searched job categories for Operational Risk Manager jobs in Normal, IL are:
What cities near Normal, IL are hiring for Operational Risk Manager jobs? Cities near Normal, IL with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Normal, IL as of June 2026, with employment types broken down into 77% Full Time, 22% Part Time, and 1% Contract. Highlights an 88% Physical, 1% Hybrid, and 11% Remote job distribution, with an average salary of $118,009 per year, or $56.7 per hour.

Director of Safety & Risk Management

Altorfer CAT

East Peoria, IL • On-site

$95K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago


Altorfer CAT rating

5.6

Company rating: 5.6 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

156th of 171 rated vehicle equipment hire


Job description

Working Hours/DaysWorking Hours: 8:00 am to 5:00 pm Monday - Friday, additional hours if necessary Travel Required: 30-40% throughout Altorfer's territory in Iowa, Illinois, Indiana, and Missouri, including overnight travel Overview

Altorfer, a leading Caterpillar dealer serving customers throughout Iowa, Illinois, Indiana, and Missouri, is seeking a strategic and results-oriented Director of Safety & Risk Management. With approximately 1,400 employees and 38 locations, this leader is responsible for developing, implementing, and continuously improving enterprise safety, operational risk, environmental compliance, loss prevention, and insurable risk programs that protect employees, customers, property, and Altorfer's reputation.

 

At Altorfer, safety is not a department-it's a core business value. The Director of Safety & Risk Management will play a critical leadership role in protecting our employees, supporting our customers, and ensuring the long-term success of a company that has proudly represented Caterpillar and its customers for generations. This role provides strategic leadership across and partners closely with executive and operational leaders to reduce risk, strengthen accountability, and improve performance.

Basic Duties
  • Safety Strategy: Lead enterprise safety strategy, promote a proactive safety culture, and strengthen leadership accountability.
  • Risk Management: Identify and reduce safety, operational, environmental, fleet, property, regulatory, and reputational risk.
  • Compliance: Ensure compliance with OSHA, DOT, EPA, MSHA, and applicable state safety and environmental requirements.
  • Insurance and Claims: Manage insurance programs, claims strategy, broker/carrier relationships, litigation trends, and return-to-work efforts.
  • Incident Response: Lead serious-incident response, investigations, corrective actions, and executive risk escalation.
  • Programs and Training: Oversee safety training, audits, emergency preparedness, driver safety, contractor safety, and compliance systems.
  • Leadership and Partnership: Lead the safety team and advise executive and operational leaders on safety, risk, claims, facilities, and major projects.
  • Financial and Performance Management: Manage budgets, evaluate risk-reduction investments, track key metrics, and drive timely corrective action.
  • Perform other duties consistent with the scope and level of the position.
Qualifications
  • Bachelor's degree in Occupational Safety, Risk Management, Environmental Health & Safety, Industrial Technology, Business, or related field required.
  • Minimum seven years of progressive safety, environmental, insurance, claims, or operational risk leadership experience; ten or more years preferred.
  • Experience leading multi-site operations, driving safety culture, and influencing leaders and employees across all levels of the organization.
  • Strong knowledge of OSHA and risk management principles; DOT, EPA, MSHA, state requirements, and industrial hygiene experience preferred.
  • Experience managing insurance programs, broker/carrier relationships, claims strategy, litigation trends, and return-to-work programs.
  • Experience in heavy equipment, construction, industrial, manufacturing, transportation, rental, dealership, or similar field-based operations preferred.
  • Professional certification such as CSP, ARM, CPCU, CIH, or CRIS preferred.
  • Strong leadership, coaching, communication, analytical, organizational, and change-management skills.
  • Ability to interpret regulations, prepare clear policies and reports, deliver executive-level presentations, and use data to guide decisions.
  • Proficiency with Microsoft Office and relevant safety, claims, and compliance systems.
  • Valid driver's license and ability to satisfy Altorfer's fleet eligibility requirements. This includes no more than 2 minor violations within the past 3 years and no major violations within the past 5 years (Motor Vehicle Report will be performed on final candidate)

Success Measures: Success will be measured by improved safety performance, reduced risk and claims costs, timely corrective-action closure, effective training and audit completion, stronger regulatory outcomes, consistent programs across locations, and development of a high-performing safety team.

Altorfer offers an industry leading compensation and benefit package:

  • Health, Dental, Vision, Disability, and Life Insurance
  • 401(k)
  • Paid Holidays
  • Paid Parental Leave and Funeral Leave        
  • Paid Time Off: Prorated 80 hours of PTO
  • Education Assistance
  • Voluntary Benefits: Supplemental Insurance, Accident, Critical and Hospital Indemnity Insurance, Legal Assistance and Identity & Fraud Protection

Payrate: $95,000.00 - $140,000.00 annual

Posted MinUSD $95,000.00/Yr.Posted MaxUSD $140,000.00/Yr.Physical Requirements/Working Conditions

This position works in office, branch, shop, warehouse, yard, customer-worksite, and field environments. Travel of approximately 30-40%, including overnight travel, is required. The role must be available outside normal business hours when serious incidents, regulatory matters, or business needs require leadership response.

The employee must be able to safely access and move through office, service, warehouse, yard, and jobsite environments and use required personal protective equipment, which may include safety glasses, safety footwear, gloves, hearing protection, and high-visibility apparel. Reasonable accommodations may be made to enable qualified individuals to perform the essential functions of the position.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran

Why Work for Altorfer? 

At Altorfer, our iron is just the beginning. Our people make our company successful, and we would not be who we are without them. As a third generation, family-owned company created in 1957, we bring our values into how we do business. Everyone from technicians, sales representatives, administrative professionals, or somewhere in between is part of the "A-Team" and is crucial to our success. Here at Altorfer, we have over 35 locations and 1400 employees with long tenure for you to learn from. We have a collaborative, family valued culture, with a great reputation in the industry. A company that offers competitive pay, excellent benefits, and a remarkable team of people to work with. 

 

Employment Type: FULL_TIME

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