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

RSM

SAP Transformation Risk Manager

Chicago, IL · On-site

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

STV

Project Controls Manager - Aviation

Chicago, IL · On-site

Risk & Change Management * Facilitate project risk identification, assessment, mitigation planning, and monitoring activities. * Maintain risk registers and support quantitative and qualitative risk ...

Deloitte

Cyber Insider Risk Manager

Chicago, IL · On-site

$114K - $154K/yr

Work you'll do As an Insider Risk Senior Consultant on the Cyber team, you will be responsible for ... lead projects or workstreams Ability to manage and prioritize multiple tasks in a fast-paced and ...

Jobtailor

Project Executive

Westmont, IL · On-site

$150 - $200/hr

Champion project safety and risk management * Mentor and train Project Managers and Superintendents * Manage project financials and communicate them to leadership * Inform the Vice President about ...

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All JobsProject Risk JobsProject Risk Manager JobsProject Risk Manager Jobs in Chicago, IL

Project Risk Manager information

See Chicago, IL salary details

$39.7K

$105.9K

$167K

How much do project risk manager jobs pay per year?

As of Sep 7, 2026, the average yearly pay for project risk manager in Chicago, IL is $105,857.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,900.00 and $126,800.00 per year, depending on experience, location, and employer.

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.

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 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.

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 Chicago, IL?

For Project Risk Manager jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Project Risk Manager jobs in Chicago, IL look for?

The top searched job categories for Project Risk Manager jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Project Risk Manager jobs?

Cities near Chicago, IL with the most Project Risk Manager job openings:

Project Risk Manager jobs near you
Infographic showing various Project Risk Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 91% Full Time, and 9% Part Time. Highlights an 91% In-person, and 9% Remote job distribution, with an average salary of $105,857 per year, or $50.9 per hour.

Senior Risk Manager - Insurance and Contract Compliance

Michels

Bedford Park, IL • On-site

$150 - $200/hr

Other

Medical, Dental, Life, Retirement

Posted 20 days ago

Key responsibilities

  • Manage the team by supervising, interviewing, training, and providing feedback to employees.

  • Ensure project-specific insurance coverage and bonds are managed throughout the project lifecycle.

  • Review and evaluate construction contracts, joint venture agreements, and customer terms to identify risk exposures and insurance requirements.

Job description

Senior Risk Manager - Insurance and Contract Compliance

Improving America’s infrastructure isn’t for the weak. It takes grit, determination, and hard work to execute high impact projects. Michels Corporation engages 8,000 people and 18,000 pieces of heavy equipment in our insatiable drive to be the best. Our work improves lives. Find out how a career as a Senior Risk Manager of Insurance and Contract Compliance can change yours.

The Senior Risk Manager of Insurance and Contract Compliance has strong experience in risk management, insurance, and contract risk transfer within the heavy civil construction industry, supporting both U.S. and international operations. They are comfortable working in a fast-paced environment and have a proven track record of overseeing contract compliance, managing surety programs, coordinating project-specific insurance coverage, and handling insurance requirements across multiple countries and jurisdictions.

This role requires prior experience in the construction industry.

  • We are consistently ranked among the top 10% of Engineering News-Record’s Top 400 Contractors
  • Our steady, strategic growth revolves around a commitment to quality
  • We are family owned and operated
  • We invest an average of $5,000 per employee on training each year
  • We reward hard work and dedication with limitless opportunities
  • We believe it is everyone’s responsibility to promote safety, regardless of job titles
  • We offer a comprehensive benefits program including (depending on your positions and location you may participate in a different benefit plan):
  • Health, Dental, Life, Flexible Spending Accounts, Health Savings Account, Short Term and Long-Term Disability Insurance, 401(k) plan, Legal Plan, and Identity Theft and Monitoring Plan

Why you?

  • You thrive in fast-paced environments under tight deadlines
  • You relish new challenges and evolving technology
  • You enjoy collaborating and communicating with your teammates
  • You like to know your efforts are noticed and appreciated
  • You have strong communication skills
  • You deliver exemplary customer service through interactions with others

Responsibilities:

  • Directly manage the team. Carry out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing and training employees, planning, assigning and directing work; providing feedback; addressing complaints and resolving problems
  • Ensure that all project specific insurance coverage and bonds are managed throughout the lifecycle of the project, the respective extended reporting period and/or completed operations period
  • Review and evaluate domestic and international construction contracts, joint venture agreements, and customer terms to identify risk exposures, contractual obligations, insurance requirements, and risk transfer opportunities
  • Handle key aspects of initial contract review including identifying benefits and potential disadvantages and coordinating legal and insurance review of contract terms and conditions
  • Procure appropriate contract specific insurance coverages to comply with contract insurance requirements, joint venture bids, builders risk insurance and accompanying certificates of insurance
  • Review insurance coverage issues related to construction contracts, lease agreements, subcontract agreements and consultant agreements with Corporate Legal, Division Operational Management and Construction Project Management

Qualifications:

  • Bachelor’s Degree and 10+ years of related experience, or an equivalent combination
  • Proficient in Microsoft Office Suite
  • Experience supporting international construction projects and multinational insurance programs (desired)
  • Professional designations such as CPCU, ARM, CRIS, or equivalent risk management and insurance certifications (desired)
  • Must possess a valid driver license for the type(s) of vehicles which may be driven and an acceptable driving record as determined by the Michels Review Team

This information reflects the anticipated base salary for this position based on current market data. Minimums and maximums may vary based on location. Actual pay will be adjusted based on individual’s skills, experiences, education, and other job-related factors permitted by law.

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