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Risk Management Director Jobs in Chicago, IL (NOW HIRING)

Factset

Director, Technology Risk

Chicago, IL

The Senior Director of Technology Risk will establish and lead FactSet's enterprise technology risk ... Demonstrated success embedding risk-based thinking into technology portfolio management and ...

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$55.6K

$147.5K

$267.8K

How much do risk management director jobs pay per year?

As of May 28, 2026, the average yearly pay for risk management director in Chicago, IL is $147,501.00, according to ZipRecruiter salary data. Most workers in this role earn between $108,700.00 and $172,500.00 per year, depending on experience, location, and employer.

What Is a Risk Management Director?

A risk management director looks at all potential risks of a project or program with the goal of minimizing asset loss for the company. As a risk management director, you need to look at all potential legal issues as well as any potential insurance claims. Your duties involve vetting potential policies or clients to ensure they won’t pose a risk, guiding the company in the right direction for growth, and helping avoid potential pitfalls. Most risk management directors have worked in risk management for a few years before working their way up to this role.

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

To thrive as a Risk Management Director, you need deep expertise in risk assessment, regulatory compliance, and enterprise risk frameworks, often supported by a bachelor's or master's degree in finance, business, or a related field. Familiarity with risk management software (such as MetricStream or RSA Archer) and certifications like CRM or FRM are typically required. Strong leadership, analytical thinking, and effective communication help build consensus and drive risk mitigation strategies across the organization. These skills and qualities are crucial for proactively identifying threats, ensuring regulatory compliance, and protecting the organization's assets and reputation.

What are some typical challenges faced by a Risk Management Director when implementing new risk mitigation strategies across an organization?

A Risk Management Director often encounters challenges such as gaining buy-in from various departments, aligning risk strategies with business objectives, and adapting to rapidly changing regulatory requirements. Coordinating across teams can require strong communication and negotiation skills, as each department may have different risk tolerances and operational priorities. Additionally, balancing the need for thorough risk controls with maintaining efficient business processes is a common challenge, requiring both technical expertise and strategic vision.

What does a Risk Management Director do?

A Risk Management Director is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations, assets, or reputation. They develop strategies and policies to minimize potential losses and ensure compliance with regulations. Their role often involves overseeing risk assessments, implementing risk controls, and reporting to senior management about emerging risks and mitigation measures. Additionally, they may lead teams, coordinate with other departments, and provide training on risk management practices.
More about Risk Management Director jobs
What are the most commonly searched types of Risk Management jobs in Chicago, IL? The most popular types of Risk Management jobs in Chicago, IL are:
What are popular job titles related to Risk Management Director jobs in Chicago, IL? For Risk Management Director jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Risk Management Director jobs in Chicago, IL look for? The top searched job categories for Risk Management Director jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Risk Management Director jobs? Cities near Chicago, IL with the most Risk Management Director job openings:
Risk Management Director jobs near you
Infographic showing various Risk Management Director job openings in Chicago, IL as of May 2026, with employment types broken down into 98% Full Time, and 2% Part Time. Highlights an 90% In-person, 3% Hybrid, and 7% Remote job distribution, with an average salary of $147,501 per year, or $70.9 per hour.

Associate Director, Risk Management

Wolters Kluwer N.V.

Riverwoods, IL • On-site

$122.30K - $218.55K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 21 days ago

Job description

Wolters Kluwer is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. The Company serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 22,000 people worldwide. Every day, our customers make critical decisions to help save lives, improve the way they do business, and build better judicial and regulatory systems.
The Role
In this critical role, you will be responsible for managing Wolters Kluwer's Global Insurance Program, driving claims excellence, and advising on other risk management issues. With a global footprint and a commitment to excellence, Wolters Kluwer offers you the platform to make a meaningful impact.
Your Impact
  • Manage Wolters Kluwer's Global Insurance Program, including staying ahead of evolving global risk and insurance trends and ensuring the program remains fit for purpose.
  • Lead insurance claims management end-to-end, driving timely reporting, recovery, and resolution.
  • Serve as a bridge between incident management teams, internal legal counsel, and other stakeholders on insurance claims issues.
  • Support transactions impacting the company in the areas of insurance and risk management, including advising on insurance wordings in customer and vendor contracts and supporting insurance due diligence and integration issues arising from M&A&D transactions.
  • Design and lead trainings for internal stakeholders on Wolters Kluwer's Global Insurance Program, insurance wordings and issues in transactions, and other risk management topics.
  • Design and apply internal playbooks/guides to ensure the efficient and accurate implementation of the above.
  • Lead cross-functional risk projects that align with corporate objectives.
  • Deliver timely and insightful risk analysis and strategic recommendations.

What You Bring
  • 5-10 years of experience in global insurance program management and/or claims management, preferably at a broker, insurer, or large multinational.
  • Experience managing the risk profile of a medium-to-large, multinational technology or professional services firm preferred.
  • Substantial prior experience in insurance claims management strongly preferred.
  • Prior legal education, training, or experience preferred
  • Familiarity with Dutch law and NL/UK based global insurance program placements a plus.
  • Strong project management skills and meticulous attention to detail.
  • Experience in building and leveraging an international network and working effectively cross functionally
  • A quick learner with curiosity, a "can-do" attitude, and analytical strength to understand complex information and translate it into actionable insights and strategic decisions.
  • Excellent communication skills (in English), with the ability to thrive in a collaborative, global team environment across functions
  • Strong organizational and prioritization skills across multiple time zones and teams.
  • Valid passport and ability to travel. This work may require occasional travel for internal and external meetings.

Ready to take your insurance and risk management expertise to a global stage? Join Wolters Kluwer and help us make an impact where it matters most.
Our Interview Practices
To maintain a fair and genuine hiring process, we kindly ask that all candidates participate in interviews without the assistance of AI tools or external prompts. Our interview process is designed to assess your individual skills, experiences, and communication style. We value authenticity and want to ensure we're getting to know you-not a digital assistant. To help maintain this integrity, we ask to remove virtual backgrounds and include in-person interviews in our hiring process. Please note that use of AI-generated responses or third-party support during interviews will be grounds for disqualification from the recruitment process.
Applicants may be required to appear onsite at a Wolters Kluwer office as part of the recruitment process.
Compensation:
$122,300.00 - $218,550.00 USD
This role is eligible for Bonus.
Compensation range listed is based on primary location of the position. Actual base salary offer is influenced by a wide array of factors including but not limited to skills, experience and actual hiring location. Your recruiter can share more information about the specific offer for the job location during the hiring process.
Additional Information:
Wolters Kluwer offers a wide variety of competitive benefits and programs to help meet your needs and balance your work and personal life, including but not limited to: Medical, Dental, & Vision Plans, 401(k), FSA/HSA, Commuter Benefits, Tuition Assistance Plan, Vacation and Sick Time, and Paid Parental Leave. Full details of our benefits are available upon request.

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