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Project Risk Manager Jobs in Illinois (NOW HIRING)

Oswald Companies

Client Manager - Project Risk

Chicago, IL

$84K - $107K/yr

Evaluates project eligibility and determines wrapup strategies based on project size, scope, risk ... Manages budgets, premiums, collateral requirements, and financial reporting for each wrapup ...

Capital One

Manager, Risk Manager

Riverwoods, IL · On-site

At least 2 years of Project Management or Process Management experience Preferred Qualifications: * At least 5 years of experience in Internal Audit, External Audit, Risk Management, or Compliance ...

Capital One

Manager, Risk Manager

Riverwoods, IL · On-site

At least 2 years of Project Management or Process Management experience Preferred Qualifications: * At least 5 years of experience in Internal Audit, External Audit, Risk Management, or Compliance ...

Associated Bank - Corp

Model Risk Manager

Chicago, IL · On-site

Advise leadership on risk management initiatives, governance committees, and enterprise-wide projects. * Provide training, guidance, and development opportunities that strengthen risk awareness and ...

Associatedbank

Model Risk Manager

Chicago, IL

Advise leadership on risk management initiatives, governance committees, and enterprise-wide projects. * Provide training, guidance, and development opportunities that strengthen risk awareness and ...

Deloitte

Financial Risk Manager

Chicago, IL

Manage project teams in providing recommendations to improve or transform processes to gain efficiencies or scale or reduce risk for our clients * Manage internal business development initiatives and ...

Zurich Insurance Group

AVP, Risk Manager

Schaumburg, IL · On-site

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 ...

Capital One

Principal Risk Manager

Chicago, IL · On-site

Creates and distributes monthly risk and project process reporting. * Provides education and ... Management, Internal Audit, Third Party Risk Management, etc. Basic Qualifications: * Bachelor ...

Capital One

Principal Risk Manager

Chicago, IL · On-site

Creates and distributes monthly risk and project process reporting. * Provides education and ... Management, Internal Audit, Third Party Risk Management, etc. Basic Qualifications: * Bachelor ...

Capital One

Principal Risk Manager

Riverwoods, IL · On-site

Creates and distributes monthly risk and project process reporting. * Provides education and ... Management, Internal Audit, Third Party Risk Management, etc. Basic Qualifications: * Bachelor ...

CFS

Manager - Investment Risk Management

Chicago, IL · Hybrid

Investments & Risk Manager Are you passionate about global investments and portfolio management ... You'll dive into real assets, sustainability projects, and infrastructure investments while gaining ...

Capital One

Principal Risk Manager

Riverwoods, IL · On-site

Creates and distributes monthly risk and project process reporting. * Provides education and ... Management, Internal Audit, Third Party Risk Management, etc. Basic Qualifications: * Bachelor ...

Crowe LLP

Third Party Risk Manager

Chicago, IL · On-site

Specific projects and responsibilities may include: * Leading Third Party Risk Management engagements, including third-party assessments, ongoing monitoring activities, and risk evaluation efforts

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Project Risk Manager information

See Illinois salary details

$37.3K

$99.5K

$157K

How much do project risk manager jobs pay per year?

As of Jul 8, 2026, the average yearly pay for project risk manager in Illinois is $99,501.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,100.00 and $119,200.00 per year, depending on experience, location, and employer.

What is the difference between Project Risk Manager vs Project Coordinator?

AspectProject Risk ManagerProject Coordinator
Primary FocusIdentifying, assessing, and mitigating project risksSupporting project activities, scheduling, and communication
CertificationsRisk Management certifications (e.g., PMI-RMP), PMP often preferredProject management certifications (e.g., CAPM), PMP optional
Work EnvironmentRisk analysis teams, project management offices, industries with high riskProject teams, administrative settings, various industries
ResponsibilitiesRisk assessment, mitigation planning, monitoring risksTask coordination, documentation, stakeholder communication

The Project Risk Manager focuses on identifying and managing potential project risks to ensure successful delivery, while the Project Coordinator handles day-to-day project support and communication. Both roles are essential but differ in scope and specialization.

What does a Project Risk Manager do?

A Project Risk Manager is responsible for identifying, assessing, and mitigating risks that could impact the success of a project. They work closely with project teams and stakeholders to develop risk management plans, monitor potential issues, and implement strategies to minimize negative impacts. Their goal is to ensure projects are delivered on time, within budget, and meet quality standards by proactively managing uncertainties.

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

To thrive as a Project Risk Manager, you need expertise in risk identification, assessment, and mitigation strategies, often supported by a degree in business or engineering and risk management certifications such as PMI-RMP or IRM. Familiarity with risk management software, project management tools like MS Project, and frameworks such as ISO 31000 is typically required. Strong analytical thinking, communication, and stakeholder management skills set top performers apart in this role. These competencies ensure that potential project threats are proactively managed, enabling projects to meet their objectives within scope, time, and budget constraints.

How does a Project Risk Manager typically collaborate with project teams to identify and mitigate risks throughout a project's lifecycle?

A Project Risk Manager works closely with project teams by facilitating risk identification workshops, conducting regular risk assessments, and maintaining open communication channels with stakeholders. They often lead meetings to review potential risks, encourage team members to raise concerns early, and coordinate with subject matter experts to evaluate and prioritize risks. By embedding risk management practices into routine project activities, they help ensure risks are proactively addressed, enhancing overall project success and fostering a culture of risk awareness.
What are popular job titles related to Project Risk Manager jobs in Illinois? For Project Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Project Risk Manager jobs in Illinois look for? The top searched job categories for Project Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Project Risk Manager jobs? Cities in Illinois with the most Project Risk Manager job openings:
Project Risk Manager jobs near you
Client Manager - Project Risk

Client Manager - Project Risk

Oswald Companies

Chicago, IL

$84K - $107K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 hours ago

Job description

Would you like to take ownership in a dynamic, high-growth business that truly walks the talk?

Oswald Companies seeks goal-driven professionals ready to take their career to the next level.

Job Summary:
Responsible for brokering, administering, and managing Owner Controlled Insurance Programs (OCIP) and Contractor Controlled Insurance Programs (CCIP) for an assigned portfolio of construction projects. Provides expert external support to clients while directing internal support resources as needed. Ensures highquality service delivery, regulatory compliance, and retention of existing business.
A Day in the Life:

Serves as the primary service contact for OCIP/CCIP clients, identifying risk exposures and designing costeffective wrapup insurance solutions tailored to project needs.
Brokers Owner's Interest and projectspecific insurance placements, ensuring appropriate coverage structure, pricing, and carrier alignment.
Reviews construction contracts for insurance requirements and develops draft wrapup manuals, procedures, marketing materials, and supporting documentation.
Evaluates project eligibility and determines wrapup strategies based on project size, scope, risk profile, and financial feasibility.
Oversees contractor enrollment, compliance tracking, documentation review, and communication with all participating parties.
Ensures timely coordination and management of payroll audits, reporting, safety performance metrics, and other program administration components.
Coordinates claims activity with brokers, carriers, adjusters, and thirdparty administrators; assists with investigations, reporting, reserves, and ongoing claim strategy.
Analyzes loss experience, identifies trends, and recommends mitigation strategies to reduce program costs and enhance safety outcomes.
Manages budgets, premiums, collateral requirements, and financial reporting for each wrapup, ensuring accuracy and transparency.
Conducts training for project teams, contractors, and client stakeholders on wrapup processes, expectations, and compliance requirements.
Maintains strong and productive relationships with underwriters, carrier partners, and thirdparty administrators to achieve optimal program results.
Remains current on construction risk trends, carrier appetites, regulatory developments, and wrapup best practices to continuously enhance program performance.
Attains continuing education, coursework, and professional development to strengthen wrapup and construction risk expertise.

What You'll Need:

5-10+ years of experience in wrapup insurance, construction risk management, or related fields.
Prior experience managing OCIP/CCIP programs required.
Prior experience marketing and brokering wrapup insurance coverages preferred.
Comprehensive knowledge of Workers' Compensation, General Liability, and Excess Liability within construction environments.
Strong analytical skills with the ability to interpret loss data, payroll reports, audit results, and contractual language.
Excellent communication skills with the ability to collaborate crossfunctionally and convey complex information clearly.
Proficiency in Microsoft Word, Excel, and PowerPoint.
Bachelor's degree in a related field preferred.
Property & Casualty License required.

Who You Are:

Detailoriented with strong organizational skills and the ability to manage multiple complex projects simultaneously.
Able to think strategically and problemsolve using logic, data, and industry expertise.
Independent, proactive, and capable of managing timesensitive responsibilities with minimal oversight.
Demonstrates a positive attitude and serves as a professional role model in client and team interactions.
Works effectively under pressure and consistently meets deadlines.
Energetic, eager to learn, and committed to ongoing professional development.

Who is Oswald?

Oswald is a 129-year-old company that creates a world of protection around the lives and businesses of our clients.

We are an independent, employee-owned company. So, essentially, you own your own success in a personally and financially rewarding opportunity.

Inclusivity is a priority. We foster an environment of collaboration and belonging where our Employee-Owners thrive on their unique path. Our diverse talent reflects the communities and clients we serve, while driving unmatched risk and insurance innovations.

Our people-first culture and client service excellence have built our reputation of integrity, resourcefulness, and a relentless care for our clients and employees. Don't believe us? Ask your friends, colleagues, and mentors about Oswald. There's a reason Oswald has been named a Top Workplace for nine consecutive years.

What you'll get...

At Oswald, you will have the opportunity to build a long-term career with unlimited growth potential. Aim high, work hard and we'll help you achieve your goals.

At Oswald, you will experience our caring work environment. We care about our Employee-Owners, we care about our customers, and we care about the world around us. Our caring personality comes to life in the form of volunteering in the community. We even give employees paid time off to volunteer with an organization of their choice.

At Oswald, you will achieve a work-life balance. We care about your physical and emotional well-being, so work-life balance is encouraged and practiced. We understand you have a life outside of work, and we want you to live it.

At Oswald, you will have access to a world-class Total Rewards package. We truly value our people, which shows in our compensation, benefits, and perks.

  • In addition to competitive pay, we have designed a performance-based annual incentive program. All employees are eligible to earn a bonus by meeting performance objectives.

  • Comprehensive medical, dental and vision plans and numerous supplemental benefit offerings.

  • Paid time off annually and a sabbatical at every 10-year service anniversary.

  • Ownership in the company in the form of company stock (discretionary profit-sharing and 401(k) match contribution)

  • Assistance with parking expenses, discount programs for area services/experiences, and financial support for professional development and licensure/designations

  • Access to specialized leadership development programming designed to take your career to the next level.

  • And so much more!

To learn more about Oswald, our culture and everything we have to offer, visit us onLinkedIn.

Oswald, a Unison Risk Advisors company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic.

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