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

State Farm

Manager - Corporate Insurance

Bloomington, IL · On-site

... Risk Management team. As manager for State Farm's Corporate Insurance team, you will be responsible for oversight of the team responsible for corporate insurance programs. This will include directing ...

State Farm

Manager - Corporate Insurance

Bloomington, IL · On-site

... Risk Management team. As manager for State Farm's Corporate Insurance team, you will be responsible for oversight of the team responsible for corporate insurance programs. This will include directing ...

Pursuit Aerospace

Commodity Manager - Direct

Morton, IL · On-site

$105K - $148.75K/yr

In addition, the role leads supplier relationship management, partners with site teams on multi ... Monitor supply market changes impacting material availability, cost, and risk * Support Pursuit ...

Bausch + Lomb

Director, Regulatory Affairs

Bloomington, IL · On-site

$142.50K - $188.10K/yr

... manage regulatory risk across the product lifecycle. Responsibilities include preparation for and leadership of health authority meetings (e.g., preIND, endofphase, preNDA/BLA).The Director ...

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How much do risk management director jobs pay per year?

As of May 28, 2026, the average yearly pay for risk management director in Normal, IL is $139,986.00, according to ZipRecruiter salary data. Most workers in this role earn between $103,100.00 and $163,800.00 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 Normal, IL? The most popular types of Risk Management jobs in Normal, IL are:
What job categories do people searching Risk Management Director jobs in Normal, IL look for? The top searched job categories for Risk Management Director jobs in Normal, IL are:
What cities near Normal, IL are hiring for Risk Management Director jobs? Cities near Normal, IL with the most Risk Management Director job openings:
Risk Management Director jobs near you
Manager - Corporate Insurance

Manager - Corporate Insurance

State Farm

Bloomington, IL • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 6 days ago

State Farm rating

7.5

Company rating: 7.5 out of 10

Based on 1,355 frontline employees who took The Breakroom Quiz

183rd of 258 rated insurance

Job description

Overview
State Farm is looking to expand its Corporate Insurance & Risk Management team. As manager for State Farm's Corporate Insurance team, you will be responsible for oversight of the team responsible for corporate insurance programs. This will include directing the purchase of corporate insurance programs and management of program outcomes. Successful outcomes will be enabled through strong relationships with third party service providers, brokers, insurers.
Additionally, you will collaborate with internal risk owners and stakeholders across the organization to assess and mitigate potential risks. Domestic travel will be required to meet with internal and external business partners, including travel to attend industry conferences and events. When not traveling, this person will work a hybrid schedule from one of State Farm's offices in Bloomington, Atlanta, Dallas, or Phoenix.
Being good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!
Responsibilities
  • Leading a high-performing corporate insurance and risk management team, in partnership with the Enterprise Risk Management department
  • Building strong relationships with brokers, insurers, and TPAs, as well as maintaining relationships with industry organizations and societies
  • Overseeing risk identification and formulation of strategic plans to mitigate risk
  • Utilizes risk management knowledge in problem solving for enterprise business partners
  • Support incident/event review (e.g., root cause themes) and ensure learnings are reflected in insurance solutions
  • Accountability for decisions which impact the enterprise insurance portfolio
  • Negotiation of the purchase of risk transfer solutions for the enterprise in partnership with brokers
  • Overseeing risk identification and formulation of strategic plans, utilizing risk management knowledge in problem solving
  • Advising upper leadership levels on risk management issues for the enterprise
  • Supervision of the corporate insurance team, including employee selection, training, career development, and the administration of performance evaluations and rewards
  • Continual monitoring of global developments in insurance and risk management

Qualifications
  • 3+ years of P&C / Casualty insurance leadership experience
  • Risk management experience preferably within insurance and financial institutions
  • Strong financial acumen, including understanding of TCOR, loss reserves, and operational risks
  • Ability to strategically influence stakeholders by challenging assumptions and influencing internal and external business partners to ensure decisions appropriately balance risk and growth.
  • Effective communication to present risk information clearly, concisely, and with appropriate context, building credibility through transparency and consistency
  • Strong decision making which demonstrates independence of thought while aligning with organizational priorities
  • Professional certifications such as CPCU, ARM, RIMS-CRMP, or ACI preferred
  • Bachelor's degree or higher (Risk Management, Finance, Business, or related field preferred)

Our Benefits
Because work-life balance is a priority at State Farm, compensation is based on our standard 38-hr. 45-min. work week!
  • Potential starting salary range: $137,000 - $155,000
    • Starting salary will be based on skills, background, and experience
    • High end of the range limited to applicants with significant relevant experience
  • Potential yearly incentive pay up to 24% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!
  • Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
  • Stay Well! Focus on you and your family's health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
  • Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
  • Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
  • Take a Little "You" Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
  • Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
  • Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

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