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Professional Risk Manager Jobs in Chicago, IL (NOW HIRING)

Senior Manager, Risk Advice

Chicago, IL · On-site

$99K - $176K/yr

As a Risk Advice Senior Manager, Business Risk Oversight, you will provide risk advice and guidance ... In this role you will apply professional judgment to solve problems and find solutions to complex ...

... Professional in Healthcare Risk Management (CPHRM), preferred. 3. Five years clinical and/or management experience in a multidisciplinary health care setting which includes a minimum of two years of ...

... Professional in Healthcare Risk Management (CPHRM), preferred. 3. Five years clinical and/or management experience in a multidisciplinary health care setting which includes a minimum of two years of ...

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

... personal and professional excellence. Our nimble organizational structure and entrepreneurial ... At least 7 years' relevant experience as a Senior Risk Manager in a derivatives trading environment

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Professional Risk Manager information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do professional risk manager jobs pay per year?

As of Jun 9, 2026, the average yearly pay for professional risk manager in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 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 job categories do people searching Professional Risk Manager jobs in Chicago, IL look for? The top searched job categories for Professional Risk Manager jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Professional Risk Manager jobs? Cities near Chicago, IL with the most Professional Risk Manager job openings:
Manager - Financial Services Risk and Controls Consulting (Insurance)

Manager - Financial Services Risk and Controls Consulting (Insurance)

RSM

Chicago, IL • On-site

Full-time

Posted 27 days ago


Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.

The Position

Due to rapid growth of our Financial Services Risk Consulting practice within the insurance industry and the evolving risk landscape of our clients, RSM is seeking a highly motivated manager to lead teams of risk consulting professionals in addressing our clients' needs.

Key Responsibilities

As a Manager in the Financial Services Risk Consulting practice at RSM, you'll be asked to consistently:

  • Model the core RSM values of respect, integrity, teamwork, excellence and stewardship in all interactions with clients and team members
  • Support RSM's goals around diversity and inclusion by nurturing an environment that understands individuality, promotes authenticity, and values varied perspective in arriving at solutions
  • Effectively manage, motivate and mentor multidisciplinary teams to work as a cohesive, client-centric unit in delivering high-quality solutions to sophisticated clients
  • Support multiple client projects simultaneously, while actively contributing to internal initiatives such as talent, practice, and business development
  • Leverage your understanding of the insurance industry trends to effectively communicate leading risk management practices
  • Provide subject-matter expertise in risk consulting strategies and internal controls pertaining to the core functions of insurance (claims, product, underwriting, etc.)
  • Manage a diverse book of business, maintaining overall responsibility for the profitability, effective delivery and engagement risk of all client related work within the portfolio
  • Leverage your experience and expertise to recruit and retain future leaders of the firm through mentorship that focuses on advancing the professional aspirations and skills of your colleagues
  • Be proactive in your personal development in areas such as insurance industry expertise, technical specializations, and leadership to drive expansive personal value to our people and our clients
  • Focus on developing your network and personal brand in the marketplace to drive growth for the insurance risk consulting practice; including: identifying and securing new opportunities

Position Qualifications

  • Bachelor's or Master's Degree in business, engineering, accounting, finance or related discipline
  • A minimum of 5 years of experience working in the insurance industry as an internal auditor, controls specialist, claims specialist, underwriting specialist, management consultant with a minimum of 3 years at a public accounting or professional services firm
  • Experience with leading projects across the three lines of defense and with various lines of business (e.g. CFO group, operations (claims, product, underwriting, distribution, etc.), data, technology, regulatory compliance, risk management, internal audit)
  • Proficiency in word processing, spreadsheet, and presentation creation tools
  • Job relevant certification (e.g., ARM, CRM, CPA, CIA, CFE, PMP)
  • Ability to travel to meet client needs
  • Established experience in the financial services industry with a focus on insurance

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $101,000 - $203,000

Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.