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Professional Risk Manager Jobs in Illinois (NOW HIRING)

Zurich Insurance Group

AVP, Risk Manager

Schaumburg, IL · On-site

Advanced degree and/or professional risk or finance certification * Demonstrates independent ... Zurich North America is a leader in risk management, with over 150 years of expertise and coverage ...

Aon

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

Professional certifications such as Associate in Risk Management (ARM) or Certified Risk Manager (CRM) or similar. * Demonstrable experience using and leveraging AI tools to enhance business ...

Aon Corporation

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

Professional certifications such as Associate in Risk Management (ARM) or Certified Risk Manager (CRM) or similar. * Demonstrable experience using and leveraging AI tools to enhance business ...

Aon Corporation

Risk Manager

Chicago, IL · On-site

$100K - $150K/yr

Professional certifications such as Associate in Risk Management (ARM) or Certified Risk Manager (CRM) or similar. * Demonstrable experience using and leveraging AI tools to enhance business ...

Associatedbank

Model Risk Manager

Chicago, IL · On-site

Responsible for ongoing management, the bank's Model Risk Management Program including continuous ... Provides training, development opportunities and professional guidance including risk appetite ...

NorthShore

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 ... professional and general liability claims. Collaborates with Performance Improvement team and ...

Deloitte

Financial Risk Manager

Chicago, IL · On-site

Strong interpersonal skills and professional demeanor * Ability to meet deadlines * Ability to ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Capital One

Principal Risk Manager

Riverwoods, IL

Principal Risk Associates at Capital One are highly motivated Risk Management professionals with excellent organizational and communication skills. They have a high level of exposure across lines of ...

Aramco

Enterprise Risk Management Specialist

Chicago, IL

$101K/yr

Holding certificates from Institute of Risk Management (IRM), Professional Risk Managers International Association, and Institute of Internal Auditors (IIA) is a plus. * Must be experienced in ERM ...

Aramco

Enterprise Risk Management Specialist

Chicago, IL

$101K/yr

Holding certificates from Institute of Risk Management (IRM), Professional Risk Managers International Association, and Institute of Internal Auditors (IIA) is a plus. * Must be experienced in ERM ...

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All JobsProfessional Risk JobsProfessional Risk Manager JobsProfessional Risk Manager Jobs in Illinois

Professional Risk Manager information

See Illinois salary details

$49.9K

$108.1K

$164.7K

How much do professional risk manager jobs pay per year?

As of Jun 9, 2026, the average yearly pay for professional risk manager in Illinois is $108,101.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

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

AspectProfessional Risk ManagerRisk Analyst
CertificationsFRM, PRMCFA, FRM (optional)
Work EnvironmentStrategic, managerial, decision-making roles in finance, insurance, or corporate sectorsData analysis, risk assessment, reporting in finance or banking
Employer & Industry UsageFinancial institutions, corporations, consulting firmsBanks, investment firms, insurance companies

The Professional Risk Manager typically holds strategic responsibilities, focusing on risk policies and mitigation strategies, often requiring certifications like FRM or PRM. Risk Analysts primarily perform data-driven risk assessments and reporting. While both roles work within the risk management field, the Professional Risk Manager has a broader scope involving decision-making and policy development, whereas Risk Analysts focus on analyzing data to inform those decisions.

What does a Professional Risk Manager do?

A Professional Risk Manager (PRM) is responsible for identifying, assessing, and mitigating potential risks that could negatively impact an organization. They analyze financial, operational, and strategic risks, and develop policies and procedures to minimize their effects. PRMs often work closely with other departments to ensure compliance with regulations and to implement effective risk management strategies. Their goal is to protect the organization's assets and reputation while supporting business objectives.

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

To thrive as a Professional Risk Manager, you need a strong background in risk assessment, financial analysis, and regulatory compliance, often supported by a degree in finance or a related field and certifications like PRM or FRM. Proficiency with risk management software, quantitative modeling tools, and enterprise risk management (ERM) systems is typically required. Outstanding analytical thinking, attention to detail, and effective communication skills set successful risk managers apart. These skills and qualifications are crucial for accurately identifying, assessing, and mitigating risks that could impact an organization's objectives and stability.

How does a Professional Risk Manager typically collaborate with other departments within an organization?

Professional Risk Managers work closely with teams across the organization, including finance, operations, compliance, and executive leadership. They facilitate communication to identify, assess, and prioritize potential risks, ensuring that all business units understand and adhere to risk mitigation strategies. Regular meetings and cross-functional projects are common, fostering a collaborative environment where risk insights inform decision-making. This collaborative approach helps to create a proactive risk culture and supports the organization’s overall objectives.
What are popular job titles related to Professional Risk Manager jobs in Illinois? For Professional Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Professional Risk Manager jobs in Illinois look for? The top searched job categories for Professional Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Professional Risk Manager jobs? Cities in Illinois with the most Professional Risk Manager job openings:
Professional Risk Manager jobs near you
Infographic showing various Professional Risk Manager job openings in Illinois as of May 2026, with employment types broken down into 67% Full Time, 31% Part Time, 1% Temporary, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $108,101 per year, or $52 per hour.
AVP, Risk Manager

AVP, Risk Manager

Zurich Insurance Company Ltd.

Schaumburg, IL • Hybrid

$110K - $180K/yr

Full-time

Posted 7 days ago

Job description

Zurich North America is seeking an AVP, Risk Manager to provide second line oversight and governance across business units. This role partners with senior stakeholders to ensure risk management practices are effectively embedded, supports risk-informed decision making, and ensures alignment with enterprise and regulatory expectations.

The AVP, Risk Manager can work out of our Chicago, IL or Schaumburg, IL North America HQ in a hybrid schedule.  This person will report to the Head of Strategic and Operational Risk.

The AVP-Risk Manager will provide independent oversight and challenge of business unit risk activities, ensuring effective governance and alignment with enterprise standards. This person will lead and support project and strategic risk assessments, support execution and ongoing management of TRP and SAOR frameworks, including coordination, review, and consolidate risk inputs to support enterprise reporting, oversee risk action plans, including monitoring progress, assessing effectiveness, and validating; trigger and manage the quarterly attestation process, ensuring timely and complete submissions.

Basic Qualifications:

  • Bachelor’s Degree in Risk Management and 7 or more years of experience in the Risk Management área OR
  • High School Diploma or Equivalent and 9 or more years of experience in the Risk Management área OR
  • Zurich Certified Insurance Apprentice including an Associate’s Degree in Risk Management and 7 or more years of experience in the Risk Management área AND
  • 7 or more years in the insurance or financial industry, including experience in different technical functions
  • Knowledge in risk management or risk engineering

Preferred Qualifications:

  • Strong ability to challenge and influence senior stakeholders
  • Experience with risk frameworks, governance, and regulatory expectations
  • Proven ability to manage multiple priorities and deliver high-quality outputs
  • Strong written and verbal communication skills
  • Advanced degree and/or professional risk or finance certification
  • Demonstrates independent judgment and effective challenge
  • Applies an enterprise-wide perspective to risk assessment and decision-making
  • Influences outcomes in a matrixed environment
  • Ensures strong governance, execution, and delivery discipline
  • Builds capability through coaching and enablement across teams

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply—your unique background matters to us.

The pay range shown is a national average and may vary by location. The proposed salary range for this position is $110,220 - $180,510, with short-term incentive bonus eligibility set at 20%.

 

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500®.

Join us for a brighter future—for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code § 1033.

 

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
Linkedin Recruiter Tag: #LI-MG1 #LI-DIRECTOR 

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