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Risk Manager Jobs in Normal, IL (NOW HIRING)

Kirby Risk

Driver - Bloomington, IL

Bloomington, IL · On-site

$19 - $20/hr

At Kirby Risk Electrical Supply, our Service Delivery Drivers are the face of our company-ensuring ... Strong attention to detail and time management. * Ability to lift up to 50 lbs. and work in an ...

Caterpillar

Senior Project Manager

East Peoria, IL · On-site

Drive risk, dependency, and issue management across multiple workstreams and stakeholder groups * Lead cross-functional project teams and influence stakeholders without direct authority * Ensure ...

Eaton

Program Manager - Engineering

Lincoln, IL · On-site

$97K - $143K/yr

The Program Manager manages the project planning, execution, requirements changes, risk mitigation, and issue tracking. This will include the use of the PROLaunch process, Design and Process Failure ...

Corvel

Medical Case Manager II

Bloomington, IL · On-site

$66K - $101K/yr

CorVel Careers | Opportunities in Risk Management In general, our opportunities will be posted for up to 1 year from date of posting, or until we have selected candidate(s) to fulfill the opening ...

Corvel

Medical Case Manager II

Bloomington, IL · On-site

$66K - $101K/yr

CorVel Careers | Opportunities in Risk Management In general, our opportunities will be posted for up to 1 year from date of posting, or until we have selected candidate(s) to fulfill the opening ...

Busey Bank

Treasury Management Executive

Bloomington, IL · On-site

$65K - $85K/yr

Manage and actively cross-sell into an existing portfolio of Treasury Management clients to drive ... reduce risk of fraud. * Assist internal Associates with negotiating contract terms with client.

Busey Bank

Treasury Management Executive

Bloomington, IL · On-site

$65K - $85K/yr

Manage and actively cross-sell into an existing portfolio of Treasury Management clients to drive ... reduce risk of fraud. * Assist internal Associates with negotiating contract terms with client.

Busey

Treasury Management Executive

Bloomington, IL

$65K - $85K/yr

Manage and actively cross-sell into an existing portfolio of Treasury Management clients to drive ... reduce risk of fraud. * Assist internal Associates with negotiating contract terms with client.

Caterpillar

Project Manager

East Peoria, IL · On-site

$128K - $192K/yr

Partner with Cybersecurity Human Risk Management Manager to develop a world class enterprise cybersecurity awareness program. * Drive a culture of secure behaviors through awareness activities.

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All JobsRisk JobsRisk Manager JobsRisk Manager Jobs in Normal, IL

Risk Manager information

See Normal, IL salary details

$50.4K

$109.1K

$166.2K

How much do risk manager jobs pay per year?

As of Jul 26, 2026, the average yearly pay for risk manager in Normal, IL is $109,064.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,000.00 and $126,100.00 per year, depending on experience, location, and employer.

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

To thrive as a Risk Manager, you need expertise in risk assessment, analytical thinking, and a relevant degree such as in finance, business, or risk management, often supported by certifications like CRM or FRM. Familiarity with risk management software, data analysis tools, and compliance systems is typically required. Strong communication, problem-solving skills, and attention to detail help Risk Managers effectively collaborate with stakeholders and navigate complex scenarios. These competencies are crucial for identifying, evaluating, and mitigating organizational risks to safeguard assets and ensure regulatory compliance.

What Is a Risk Manager?

A risk manager is responsible for the strategic planning and financial forecasting for clients. They assess and identify risks that may detrimentally affect the safety, finances, or reputation of their employer. Risk managers monitor the market, research trends, and analyze statistics to create detailed recommendations on whether or not to move forward with an idea or product. Worldwide price changes and currency values also play a role in the risk manager’s evaluation.

What does a Risk Manager do?

A Risk Manager is responsible for identifying, assessing, and prioritizing risks that could impact an organization's financial performance, reputation, or operations. They develop strategies and policies to minimize potential losses and ensure compliance with relevant regulations. Risk Managers work across various departments to implement risk mitigation plans and regularly review their effectiveness. Their goal is to help the organization avoid or manage threats while maximizing opportunities.

What is the difference between Risk Manager vs Risk Analyst?

AspectRisk Manager

Required CredentialsTypically requires a bachelor’s degree in finance, business, or related field; certifications like CRM or FRM are common.
Work EnvironmentLeads risk assessment strategies, collaborates with senior management, and oversees risk mitigation efforts.
Employer & Industry UsageEmployed across finance, insurance, and corporate sectors to manage organizational risk.

Risk Managers focus on developing and implementing risk management strategies, overseeing risk policies, and making high-level decisions. In contrast, Risk Analysts primarily analyze data to identify potential risks and support Risk Managers in decision-making. Both roles require similar credentials but differ in scope and responsibility within organizations.

How much does a risk manager get paid?

The average salary for a risk manager in the United States is around $100,000 to $130,000 per year, depending on experience, industry, and location. Risk managers with certifications like FRM or CRM and strong analytical skills tend to earn higher salaries, especially in finance, insurance, and corporate sectors.

How does a Risk Manager typically collaborate with other departments to identify and mitigate risks?

Risk Managers frequently work cross-functionally with departments such as finance, operations, legal, and IT to identify potential risks and develop mitigation strategies. Regular meetings, risk assessment workshops, and communication channels are established to ensure that all relevant parties are aware of emerging risks and compliance requirements. This collaborative approach helps foster a risk-aware culture across the organization and ensures that risk mitigation plans are practical and aligned with business objectives.

Do risk managers make good money?

Risk managers typically earn competitive salaries that vary based on experience, industry, and location. According to industry data, median annual pay ranges from $70,000 to over $120,000, with higher earnings possible for those with certifications like FRM or CRM and advanced skills in data analysis and risk assessment.

What do you do as a risk manager?

A risk manager identifies, assesses, and prioritizes potential risks that could affect an organization’s operations, finances, or reputation. They develop strategies to mitigate or manage these risks, often using tools like risk assessments and data analysis, and may hold certifications such as CRM or FRM. Their work involves continuous monitoring and communication with stakeholders to ensure risk controls are effective.

What are the duties of a risk manager?

A risk manager is responsible for identifying, assessing, and mitigating potential risks that could affect an organization’s operations, finances, or reputation. They develop risk management strategies, implement policies, and monitor risk exposure using tools like risk assessment software. Strong analytical skills and relevant certifications, such as the Certified Risk Manager (CRM), are often required.
More about Risk Manager jobs
What job categories do people searching Risk Manager jobs in Normal, IL look for? The top searched job categories for Risk Manager jobs in Normal, IL are:
What cities near Normal, IL are hiring for Risk Manager jobs? Cities near Normal, IL with the most Risk Manager job openings:
Risk Manager jobs near you
Infographic showing various Risk Manager job openings in Normal, IL as of July 2026, with employment types broken down into 67% Full Time, 11% Part Time, 11% Temporary, and 11% Contract. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $109,064 per year, or $52.4 per hour.
Insurance Regulatory Compliance Manager (Remote)

Insurance Regulatory Compliance Manager (Remote)

Missouri Employers Mutual

Normal, IL • On-site, Remote

$98K - $148K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago

Job description

SUMMARY:
The Compliance Manager plays a critical role in safeguarding the organization's adherence to regulatory requirements and industry standards by overseeing regulatory monitoring, managing rate and form filings, audit preparation, and compliance readiness. This role involves actively identifying compliance needs, coordinating and delivering necessary training, and ensuring that all employees understand relevant regulations. As part of Risk Management and Corporate Governance, the Compliance Manager assesses and mitigates potential risks, ensuring alignment with internal policies and legal standards. This role requires a proactive, detail-oriented approach to continuously improve compliance processes, reduce risk, and support the organization's commitment to ethical and compliant operations.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Other duties may be assigned as necessary to meet corporate needs related to the compliance function.
Regulatory Monitoring
  • Serve as administrator for MEM's Code of Conduct hotline. Maintain MEM's web portal page and investigator data with third party vendor and ensure reports of concern are received and investigated.
  • Oversee submissions of all state regulatory filings by coordinating and submitting all, annual rate, rule and form filings, business entity filings with the Secretary of State, NAIC license/expansion filings, biographical affidavits for directors and officers, and corporate governance annual disclosures.
  • Prepare or facilitate responses to regulator inquiries and objections to filings.
  • Draft and edit policy forms, endorsements, notices and related correspondence for regulatory filing and approval.
  • Monitor and communicate status of filings to internal business partners.
  • Collaborate with internal departments to develop, implement, and maintain regulatory compliance policies and procedures.
  • Leads the Compliance Committee. Ensure the Committee regularly updates and maintains compliance with the Compliance Calendar.
  • Ensure legal and regulatory changes are monitored and any business impacts are understood so system and other operational changes can be implemented to maintain compliance.
  • Provide compliance research and support to MEM for various regulatory jurisdictions as required.
  • Respond to or coordinate responses to regulatory inquiries as required, such as complaints and market conduct inquiries. Maintain required logs and documentation.
  • Maintain relationships with associations or industry groups to stay abreast of regulatory requirements and industry compliance trends.

Regulatory Audit and Compliance Readiness
  • Conduct regular compliance audits and risk assessments, as designated by the portfolio of audit assignments, to identify potential regulatory issues. Resolve issues arising from audits and refer serious or contentious issues to the Director of Legal and Compliance.
  • Working with the Director of Legal and Compliance to develop and implement corrective action plans to address any compliance deficiencies.
  • Work with IT in the development of compliance training and education for MEM employees related to data security.
  • Participate as a member of the Business Continuity Team actively contributing in matters related to Records and Information Management.

Risk Management and Corporate Governance
  • Maintain an active role in the corporate governance model in an ongoing basis throughout the year.
  • Serve as member of the Business Continuity and Corporate Data Security Incident Response Team.
  • Conduct risk assessments to evaluate product, compliance, or operational risks, providing assistance to the Director of Legal and Compliance in developing risk management strategies.
  • Coordinate an annual data security breach exercise with the Business Continuity and Data Security Incident Response Teams and other relevant stakeholders to drive readiness.
  • Serve on the Emerging Risks Team to identify and mitigate new and emerging risks.

QUALIFICATIONS:
Education
  • A bachelor's degree in business administration, finance or a related field is preferred. Advance degree a plus.

Designations/Certifications
  • An Institutes or AICP designation preferred (ARM, ARC, ACP, CCP).

Licenses
  • None Required

Experience:
  • 7+ years of professional experience in insurance operations and compliance/risk management.
  • 5+ years of experience researching state insurance laws, regulations and state license requirements and facilitating state insurance department filings.

Company Culture and Values
At MEM Insurance, we are committed to our vision, mission, and values. We foster a culture of collaboration, integrity, and innovation. Our team is passionate about delivering exceptional service to our customers while supporting each other's growth and success. We believe in accountability, continuous learning, and creating an environment where employees feel valued and empowered.
Diversity Statement
MEM Insurance is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We believe that varied perspectives drive innovation and strengthen our ability to serve our customers and communities.
Total Rewards Overview
  • Health Plans: Medical, Dental, and Vision
    Includes fertility benefits, fully paid preventative care, and adult orthodontia.
  • Annual Performance Based Bonus
  • Employer-Paid Life and Disability Benefits:
    Life Insurance (3x base salary), AD&D, Short and Long-term Disability.
  • Wellness and Recognition Program: Employer-paid incentives for employees and spouses.
  • Flexible Spending Account and Dependent Care options
  • Health Savings Account: Generous employer contribution.
  • Time Away from Work:
    Generous PTO, 11 Holidays + 4 Early Releases, 16 Hours Volunteer Time Off, 20 Days Paid Parental Leave, Marriage, Bereavement, and Jury Duty leave.
  • Employee Assistance Programs
  • 401k Retirement Plan: Employer match and profit sharing.
  • Adoption Assistance and Tuition Assistance

Notice Regarding Use of Artificial Intelligence
MEM may use artificial intelligence (AI) tools to more efficiently facilitate and assist in decisions involving recruitment, hiring, promotion, renewal of employment, selection for training or apprenticeship, discharge, discipline, tenure, or the terms, privileges, or conditions of employment. Any such use of AI tools will comply with all applicable laws.

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