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Project Risk Manager Jobs in Illinois (NOW HIRING)

Swiss Re

Clinical Risk Manager

Schaumburg, IL · Hybrid

$84K - $140K/yr

In this position you have the responsibility to use your knowledge and experience to project ... management notes * Identify high risk associated with individuals and communicate required stop ...

Shermco Industries, Inc.

Project Manager

Minooka, IL

$127K - $165K/yr

Prevent unauthorized scope execution Risk Management * Develop and maintain formal project risk registers * Proactively mitigate safety, financial, schedule, and resource risks * Escalate high-impact ...

Shermco Industries, Inc.

Project Manager

Minooka, IL

$127K - $165K/yr

Prevent unauthorized scope execution Risk Management * Develop and maintain formal project risk registers * Proactively mitigate safety, financial, schedule, and resource risks * Escalate high-impact ...

Shermco Industries, Inc.

Project Manager

Minooka, IL · On-site +1

$127K - $165K/yr

Prevent unauthorized scope execution Risk Management * Develop and maintain formal project risk registers * Proactively mitigate safety, financial, schedule, and resource risks * Escalate high-impact ...

Valley Bank

CRE Credit Risk Manager

Chicago, IL · On-site

Ensures credits are accurately risk rated and are properly monitored and reported. * Prepares all ... Participates in special projects and requests related to the management of the portfolio. Required ...

Sloan Valve Company

Project Manager

Franklin Park, IL · On-site

Creates risk management plans to identify, analyze, monitor and respond to risks associated with the project to ensure ability to achieve expected outcomes on time and on budget. * Review the ...

RSM

SAP Transformation Risk Manager

Chicago, IL

Handle multiple client projects while contributing to internal initiatives (talent, practice, business development) * Stay informed on industry trends and communicate leading risk management ...

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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 May 30, 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 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 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 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 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
Infographic showing various Project Risk Manager job openings in Illinois as of May 2026, with employment types broken down into 93% Full Time, and 7% Contract. Highlights an 86% In-person, and 14% Hybrid job distribution, with an average salary of $99,501 per year, or $47.8 per hour.

Risk Appetite, Strategic and Reputation Risk Manager

Busey Bank

Champaign, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago

Busey Bank rating

7.0

Company rating: 7.0 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

102nd of 141 rated banks

Job description

Position Summary
The Risk Appetite, Strategic, and Reputation Risk Manager supports First Busey Corporation's management team and Board of Directors in the timely identification of Top and Emerging Risks, providing leadership with actionable reporting enabling management to proactively identify and manage risk. In this position, you will cultivate positive working relationships with management and the Board of Directors, providing thought leadership on emerging trends and industry best practices. Additionally, this role serves as the subject matter expert on Strategic and Reputation Risk, partnering with the Director of Financial and Model Risk to provide Risk Management's perspective on the Company's Strategic Priorities. This position plays a pivotal role in the maturation of the Company's Risk Management posture, providing you with exposure to the Company's leadership team and the opportunity to further your career in a growing financial institution.
Duties & Responsibilities
  • Manages the Company's Risk Appetite Framework, developing a comprehensive repository of Key Risk Indicators (KRIs), Key Performance Indicators (KPI), Early Warning Indicators (EWI), etc. and maintaining an aggregation methodology aligned with regulatory expectations and industry best practices
  • Drives the development and provides thought leadership on the Company's risk appetite statement and risk reporting for the Company's top and emerging risks and advising leaders on risk mitigation strategies, as necessary, related to breached metrics to manage increasing risk exposures or risk exposures outside of the Company's appetite
  • Leads the collection, analysis, and reporting of risk data to senior management, committees, the Board, and external stakeholders, including escalating emerging risks and metric breaches as required
  • Collaborates with Enterprise Risk Management to drive reporting synergies, including identifying correlations and dependencies in disparate data enabling management to proactively manage risk
  • Contributes to the Company's Capital Stress Testing Program, synthesizing Top and Emerging Risks and providing Pro Forma risk appetite reporting to inform leadership's decisioning
  • Manage the Company's Strategic and Reputation Risk framework, including managing the Company's corresponding risk policies, spearheading SLOD effective challenge of the Company's strategic priorities, and partnering with management to develop the Strategic and Reputation Top and Emerging Risk assessment
  • Conducts independent research and participates in industry calls on top and emerging risks as well as strategic and reputation risk topics, staying informed about economic and industry trends and benchmarking for comparative analysis and context
  • Maintains the Company's metric application within Archer, ensuring the application supports the Company's framework as well as developing reporting standards and overseeing the timely reporting of metric results by stakeholders
  • Automates data extraction, report generation, and data analysis to reduce risks in reporting and enable management to better identify risk trends

Education & Experience
Education and Training:
  • Bachelor's degree in accounting, Finance, Economics (or equivalent) required; MBA or equivalent advanced degree preferred.
  • Ten years' experience (preferably) in risk management, auditing, accounting, or finance functions; Financial Services Industry experience required. Experience in quantitative analytics preferred; risk management certifications a plus.
  • Advanced knowledge of Microsoft Office Suite required; Statistical Programming (e.g., R, Python, etc.) and Business Intelligence (BI) tools experience preferred.
  • Analytical Skills - Brings high-level quantitative and analytical skills to effectively challenge First Line of Defense. Problem Solving Skills - Commits to action, even in uncertain situations, by making sound and timely decisions necessary to maintain forward progress.
  • Effective Communication - Communicates ideas and information verbally and in writing to ensure key points are clearly outlined and have the desired impact; creates high-quality presentations and reports that convey information clearly and concisely.
  • Process Management Orientation - Creates and maintains standardized, repeatable processes that are both efficient and effective; keeps an eye on continuous improvement opportunities and utilizes automation whenever possible.

  • Planning and Organizing - Developing, implementing, evaluating, and adjusting project plans to reach goals, while ensuring the optimal use of resources. A natural self-starter with persistence, initiative and a high-energy level work ethic.

Ability to:
  • Effective Collaborator - Builds rapport easily; effectively gains trust through demonstrated ability to bring value to processes by respectfully and thoughtfully challenging concepts and/or established norms.
  • Strategic Thinker - Focused on a holistic, futuristic perspective to enhance synergies in support of stated business performance objectives; can take theories and concepts and put them into practice
  • Synthesizes Data - Distills large quantities of data and information in a way that provides business leaders, management and board members with insights needed to make decisions; can connect data points to build and convey key messages and themes.

Compensation and Benefits
Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.
(Base Pay Range: $92,000 - $140,000/year)
Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.
Equal Opportunity
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.
Unsolicited Resumes
Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.

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