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

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 ...

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 ...

Century Aluminum

Senior Risk Manager

Chicago, IL · Hybrid

Review all significant agreements involving construction projects, leases, contracts and/or product ... Significant experience in insurance sector with all aspects of risk management. Location: Chicago ...

Amrize

Risk Manager, Insurance Programs

Chicago, IL · On-site

If you're ready to put your skills to work on projects that matter - and build a career with a company that's building North America - we want to hear from you! ABOUT THE ROLE The Risk Manager ...

Amrize

Risk Manager, Insurance Programs

Chicago, IL · On-site

If you're ready to put your skills to work on projects that matter - and build a career with a company that's building North America - we want to hear from you! ABOUT THE ROLE The Risk Manager ...

Amazon

Risk Manager III - AMZ19105.3

Chicago, IL · On-site

$142.21K - $163.90K/yr

Experience must include the following: 1. 1 year of experience in program, project or risk management 2. 1 year of experience in owning program strategy, end to end delivery, and communication ...

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 ...

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Project Risk Manager information

See Northbrook, IL salary details

$39.1K

$104.2K

$164.4K

How much do project risk manager jobs pay per year?

As of May 28, 2026, the average yearly pay for project risk manager in Northbrook, IL is $104,221.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,700.00 and $124,800.00 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 job categories do people searching Project Risk Manager jobs in Northbrook, IL look for? The top searched job categories for Project Risk Manager jobs in Northbrook, IL are:
What cities near Northbrook, IL are hiring for Project Risk Manager jobs? Cities near Northbrook, IL with the most Project Risk Manager job openings:
Project Risk Manager jobs near you
Infographic showing various Project Risk Manager job openings in Northbrook, IL as of May 2026, with employment types broken down into 86% Full Time, 11% Part Time, and 3% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $104,221 per year, or $50.1 per hour.
Project Risk Manager (Mega Projects)

Project Risk Manager (Mega Projects)

Nexus Engineering Group

Oak Brook, IL

Full-time

Posted 2 days ago

Job description

The Project Risk Manager is accountable for comprehensive and cross-functional project risk identification, prioritization, and response planning. This role facilitates risk workshops, documents and codifies risk information, analyzes risk and project information, and provides risk findings to the project team and project leadership. This role embeds risk management within the broader project controls ecosystem linking cost, schedule, change, performance, and governance to provide early warning and credible forecasts. This raises risk awareness and supports the maximizing of risk response effectiveness. 

The position partners closely with engineering, procurement, construction, contracts, and senior leadership to systematically identify, quantify, mitigate, and communicate risks and opportunities across all phases of the project lifecycle from conceptual design through commissioning and startup. 

This position will be based out of the Nexus Cleveland Office with up to 50% travel to Akron, OH. 

Key Accountabilities

  • Establish and govern an enterprise grade project-level risk management framework aligned to mega-project governance with project controls, stage gates, and executive oversight 

  • Integrate qualitative and quantitative risk analysis with cost and schedule forecasting to support contingency setting, forecasting, and project management decisions 

  • Serve as an independent, objective advisor to project leadership on project health, uncertainty, and emerging threats with authority to challenge assumptions and forecasts 

  • Enable proactive, analytics-based decision-making through clear risk reporting, trends, and early warning indicators through integrated cost/schedule analytics and scenario modeling. 

  • Embed a strong risk culture across the project team, emphasizing risk ownership, monitoring, mitigation execution, and accountability 

  • Own integration of risk into project forecasts and contingency strategy 

Core Responsibilities

  • Develop and maintain the project risk management plan, risk taxonomy, scoring criteria, and governance cadence 

  • Lead structured, cross functional risk identification and mitigation workshops across engineering, procurement, construction, and commissioning 

  • Maintain a high-quality, audit ready risk register with clear risk statements, ownership, triggers, and residual risk 

  • Perform cost and schedule quantitative risk analysis, quantifying uncertainty into probabilistic cost and schedule forecasts 

  • Validate and recommend contingency levels based on quantitative analysis, track risk burndown, and assess mitigation effectiveness over time 

  • Lead integration with project controls on baseline strategy, forecast credibility, progress measurement, and performance trends 

  • Evaluate supply chain and execution risks, including long lead equipment, fabrication, logistics, labor, productivity, and site constraints and assess impact on cost, schedule and execution strategy. 

  • Interface with contracts and commercial teams to assess risk allocation, change exposure, and claims risk 

  • Monitor regulatory, permitting, interconnection, and stakeholder related risks 

  • Produce concise executive level dashboards, narratives, and decision support materials 

  • Support stage gate reviews, independent project assessments, and assurance activities 

  • Perform Monte Carlo based Cost and Schedule Risk Analysis 

  • Define and standardize risk workshop methodology and facilitation approach 

Qualifications

  • Bachelor’s degree in Engineering, Construction Management, Project Management, or related discipline 

  • 8+ years of experience in project analysis, risk management, project controls, or major capital project delivery 

  • Experience supporting large megaprojects ($500M+; multibillion preferred) 

  • Proficient in project governance methodologies like the Project Definition Rating Index (PDRI) and Front End Loading (FEL) Index 

  • Strong understanding of integrated project controls, including cost, schedule, risk, change, and performance management 

  • Experience capturing and documenting lessons learned 

  • Demonstrated experience applying quantitative risk analysis to real world project decisions 

  • Ability to translate complex project data into clear, defensible insights for senior leadership 

  • Excellent facilitation, analytical, writing, and executive communication skills 

  • Preferred – strong understanding of the project lifecycle, information maturity 

  • Preferred – demonstrated ability to manage information uncertainty to drive proactive risk management 

  • Experience in EPC/EPCm environments on complex, multi-stakeholder projects 

  • Demonstrated ability to influence senior stakeholders and drive risk-informed decision making. 

The salary range listed above represents base pay for candidates in our Oak Brook, Illinois office, in accordance with applicable pay transparency requirements. 

Compensation for all candidates is determined based on experience, qualifications, skill set, certifications, work location, and market conditions. In addition to base pay, Nexus Engineering Group offers a comprehensive compensation package that may include eligibility for discretionary bonuses and participation in our Employee Stock Ownership Plan (ESOP), providing employees the opportunity to share in the long-term success of the company.

Competitive Benefits

Learn more about our competitive benefits in detail.

Why Nexus?

Nexus Engineering Group, a distinguished independent full-service engineering, procurement, and construction management (EPCm) firm, provides comprehensive support to clients from concept through startup. With over a decade of demonstrated engineering and design success, Nexus stands out as the firm of choice for those valuing integrity and expertise.

At Nexus, you will be part of a talented and passionate team dedicated to excellence and innovation. We foster a collaborative and engaging work environment, making it a place where you’ll enjoy contributing to impactful projects. Joining Nexus means aligning with a firm renowned for its creativity, dedication, and relentless focus on achieving client goals.

Equal Opportunity Employer & Reasonable Accommodation

Nexus Engineering Group, Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, disability, sex, sexual orientation, gender identity or expression, age, national origin, veteran status, genetic information, union status and/or beliefs, or any other characteristic protected by federal, state, or local law.

Nexus Engineering Group is committed to providing reasonable accommodations to qualifies individuals with disabilities throughout the application and hiring process. If you require and accommodation to participate in any part of the recruitment process please contact us at careers@nexusegroup.com. 

Sponsorship & Work Authorization

Nexus Engineering Group does not provide employment visa sponsorship. Candidates must be currently authorized to work in the United States and must be able to maintain that authorization throughout employment without any action, filing, or sponsorship by the company. This requirement applies both at the time of hire and on a continuing basis for the duration of employment. 

Third‑Party Agency Notice

Nexus Engineering Group does not accept unsolicited resumes or candidate submissions from external recruiters or agencies. We only engage approved third‑party partners under a written agreement initiated by our Talent Acquisition team for specific searches. Any resumes submitted without prior authorization or a current agreement will not be eligible for placement fees and will be considered the property of Nexus Engineering Group.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.