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

Compeer Financial

Quantitative Analyst

Bloomington, IL · Hybrid

... market and operational risk), expected credit loss model, and scenario-based forecasts, and ... Minimum of 3 years of experience in risk management modeling or advanced analytics and in-depth ...

Compeer Financial

Quantitative Analyst

Bloomington, IL · On-site

... market and operational risk), expected credit loss model, and scenario-based forecasts, and ... Minimum of 3 years of experience in risk management modeling or advanced analytics and in-depth ...

Compeer Financial

Quantitative Analyst

Bloomington, IL · Hybrid

... market and operational risk), expected credit loss model, and scenario-based forecasts, and ... Minimum of 3 years of experience in risk management modeling or advanced analytics and in-depth ...

Rivian

Manager, Security Operations Center

Normal, IL · On-site

Role Summary The Manager, Security Operations Center (SOC) will own the strategy, operation, and ... Act as the operational authority for the SOC, championing the use of AI for predictive risk ...

Rivian

Manager, Security Operations Center

Normal, IL · On-site

Role Summary The Manager, Security Operations Center (SOC) will own the strategy, operation, and ... Act as the operational authority for the SOC, championing the use of AI for predictive risk ...

Utilitra

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.

Utilitra

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.

Utilitra

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.

Corvel

Medical Case Manager II

Bloomington, IL · On-site

$66.94K - $101.26K/yr

Current RN Licensure in state of operation * Certification as a CCM, CIRS, or other Case Management ... CorVel Careers | Opportunities in Risk Management In general, our opportunities will be posted for ...

Corvel

Medical Case Manager II

Bloomington, IL

$66.94K - $101.26K/yr

Current RN Licensure in state of operation * Certification as a CCM, CIRS, or other Case Management ... CorVel Careers | Opportunities in Risk Management In general, our opportunities will be posted for ...

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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 May 29, 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 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 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:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Normal, IL as of May 2026, with employment types broken down into 2% As Needed, 81% Full Time, 13% Part Time, 1% Temporary, and 3% Contract. Highlights an 68% Physical, 6% Hybrid, and 26% Remote job distribution, with an average salary of $118,009 per year, or $56.7 per hour.
Manager - Corporate Insurance

Manager - Corporate Insurance

State Farm

Bloomington, IL • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 7 days ago

State Farm rating

7.5

Company rating: 7.5 out of 10

Based on 1,357 frontline employees who took The Breakroom Quiz

194th of 259 rated insurance

Job description

Overview
State Farm is looking to expand its Corporate Insurance & Risk Management team. As manager for State Farm's Corporate Insurance team, you will be responsible for oversight of the team responsible for corporate insurance programs. This will include directing the purchase of corporate insurance programs and management of program outcomes. Successful outcomes will be enabled through strong relationships with third party service providers, brokers, insurers.
Additionally, you will collaborate with internal risk owners and stakeholders across the organization to assess and mitigate potential risks. Domestic travel will be required to meet with internal and external business partners, including travel to attend industry conferences and events. When not traveling, this person will work a hybrid schedule from one of State Farm's offices in Bloomington, Atlanta, Dallas, or Phoenix.
Being good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!
Responsibilities
  • Leading a high-performing corporate insurance and risk management team, in partnership with the Enterprise Risk Management department
  • Building strong relationships with brokers, insurers, and TPAs, as well as maintaining relationships with industry organizations and societies
  • Overseeing risk identification and formulation of strategic plans to mitigate risk
  • Utilizes risk management knowledge in problem solving for enterprise business partners
  • Support incident/event review (e.g., root cause themes) and ensure learnings are reflected in insurance solutions
  • Accountability for decisions which impact the enterprise insurance portfolio
  • Negotiation of the purchase of risk transfer solutions for the enterprise in partnership with brokers
  • Overseeing risk identification and formulation of strategic plans, utilizing risk management knowledge in problem solving
  • Advising upper leadership levels on risk management issues for the enterprise
  • Supervision of the corporate insurance team, including employee selection, training, career development, and the administration of performance evaluations and rewards
  • Continual monitoring of global developments in insurance and risk management

Qualifications
  • 3+ years of P&C / Casualty insurance leadership experience
  • Risk management experience preferably within insurance and financial institutions
  • Strong financial acumen, including understanding of TCOR, loss reserves, and operational risks
  • Ability to strategically influence stakeholders by challenging assumptions and influencing internal and external business partners to ensure decisions appropriately balance risk and growth.
  • Effective communication to present risk information clearly, concisely, and with appropriate context, building credibility through transparency and consistency
  • Strong decision making which demonstrates independence of thought while aligning with organizational priorities
  • Professional certifications such as CPCU, ARM, RIMS-CRMP, or ACI preferred
  • Bachelor's degree or higher (Risk Management, Finance, Business, or related field preferred)

Our Benefits
Because work-life balance is a priority at State Farm, compensation is based on our standard 38-hr. 45-min. work week!
  • Potential starting salary range: $137,000 - $155,000
    • Starting salary will be based on skills, background, and experience
    • High end of the range limited to applicants with significant relevant experience
  • Potential yearly incentive pay up to 24% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!
  • Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
  • Stay Well! Focus on you and your family's health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
  • Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
  • Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
  • Take a Little "You" Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
  • Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
  • Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

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