Senior Risk Management Analyst Jobs in Palatine, IL

Sr. Risk Analyst | Primient
About Primient
Primient is a century old company with an entrepreneurial spirit. We are a leading producer of food and industrial ingredients made from plant-based, renewable sources. We deliver value through deep technical, commercial, and operational excellence that is backed by our long-standing corn wet milling heritage. Wherever we are in the process, from field to customer, our priorities are focused on ensuring we produce the safest, highest quality products through practices that uphold both our responsibility and commitments to the challenge and drive for excellence, our people and our planet. We are a privately held company with locations across the US, Mexico, Poland, and Brazil. We're investing in our plants and people to unlock our potential in the industrial and food sectors. Guided by our values of Safety, Excellence, Integrity, and Growth, we're focused on growing our business, our reputation, and the career of every teammate.
About the Role: Sr. Risk Analyst
We are seeking a highly skilled and experienced Senior Risk Analyst to help in promoting a culture of proactive risk awareness across all of Primient. The ideal candidate will have strong experience in risk assessment, insurance analysis, and the ability to develop strategies to mitigate risk. This role requires a deep understanding of insurance policies, industry regulations, and advanced risk modeling techniques. You will collaborate with cross-functional teams to identify control gaps, develop remediation plans, and monitor the implementation of controls. In addition this role will provide support in managing insurance policies, practices and compliance & reporting in order to efficiently manage and minimize the cost of premiums and fees.
Key Responsibilities:
Develop and Implement Policies:

• Develop, implement, and maintain comprehensive risk management policies and procedures to ensure a robust framework.

Risk Assessment & Analysis:

• Lead and facilitate risk assessments at the enterprise level, including identifying and analyzing key risks in various areas such as operations, finance, cybersecurity, compliance, and strategic initiatives.
• Develop and refine risk models and scenarios to evaluate the potential impact of risks on the organization's objectives.

Risk Mitigation Strategies:

• Collaborate with cross-functional committees/teams to develop and implement risk mitigation strategies, including recommending actions to address identified risks.
• Ensure that appropriate controls, policies, and procedures are in place to manage and mitigate risks.

Training and Culture Promotion:

• Provide comprehensive training to staff about risk management principles and practices.
• Promote a culture of risk awareness within the organization through regular communication and engagement activities.

Risk Reporting & Documentation:

• Prepare detailed reports on risk profiles, risk mitigation plans, and ongoing risk monitoring activities for presentation to senior leadership and stakeholders.
• Maintain accurate records of risk assessments, evaluations, and mitigation actions.

Enterprise Risk Framework & Tools:

• Contribute to the development, maintenance, and continuous improvement of the enterprise risk management framework, tools, and processes.
• Implement best practices and stay current on industry trends and regulations related to risk management.

Compliance Assurance:

• Ensure compliance with regulatory requirements related to risk management. Stay informed about changes in regulations and adjust policies and procedures accordingly.

Insurance Portfolio Management:

• Assist in managing the company's insurance portfolio, including property, liability, workers' compensation, professional indemnity, cyber, and other specialized policies.

Claims Management:

• Collaborate with internal stakeholders and external insurance providers to manage claims and ensure effective resolution.
• Analyze claims data and provide insights to improve the company's risk profile and reduce future claims.

Collaboration & Communication:

• Build strong relationships with key stakeholders across the organization to ensure risk management initiatives are integrated into day-to-day operations.
• Educate and provide guidance to teams on risk management concepts, frameworks, and practices.

About You

• Education:
  Bachelor's degree in Business Administration, Finance, Risk Management, or related field.
• A Master's degree or professional certifications (e.g., CRM, ARM, or FRM) is highly preferred.

• Experience:
  5+ years of experience in risk management
• Experience with risk assessment tools, frameworks, and methodologies (e.g., ISO 31000, COSO ERM).

Skills & Competencies:

• Strong analytical and problem-solving skills with the ability to assess complex risk scenarios.
• Proven ability to collaborate effectively with senior leadership and cross-functional teams.
• Exceptional written and verbal communication skills, with the ability to distill complex risk concepts into clear and actionable recommendations.
• High attention to detail and organizational skills, with the ability to manage multiple priorities in a fast-paced environment.
• Experience in insurance negotiations, selecting brokers and carriers, and managing claims administration. This experience should demonstrate the ability to manage risk transfer and insurance programs effectively.
• Previous supervisory or project team experience, with a proven track record of leading and mentoring teams, managing projects, and achieving organizational goals

Technical Proficiency:

• Proficient in Microsoft Office Suite and risk management software/tools.

Mindsets:

• Proactive & Strategic Thinker: Ability to foresee potential risks and develop forward-thinking strategies to mitigate them.
• Detail-Oriented: Strong focus on precision in identifying and analyzing risks, and developing risk mitigation plans.
• Adaptable & Resilient: Ability to work in a rapidly changing environment and handle ambiguity with ease.
• Team Player: Collaborative mindset with the ability to work across departments and levels of the organization.
• Strong analytical and problem-solving skills: The ability to interpret complex data and make informed decisions
• Excellent communication and presentation skills: The ability to convey risk management concepts to diverse audiences

Total Rewards
The annual pay range estimated for this position is $90,476.00 - $113,095.00 and is bonus eligible.
Please note that while this range reflects the full spectrum of compensation available for this role, individual compensation will be determined based on several factors including your experience, skills, and alignment with the role's responsibilities. During the interview process there will be an opportunity to discuss how your background fits into the pay range.
We offer a comprehensive Total Rewards package that our U.S. colleagues and their families can count on, which includes:

• Competitive Pay
• Multiple Healthcare plan choices
• Dental and vision insurance
• A 401(k) plan with company and matching contributions
• Short- and Long-Term Disability
• Life, AD&D, and Voluntary Insurance plans
• Paid holidays & vacation
• Floating days off
• Parental leave for new parents
• Employee resource groups
• Learning & development programs
• Fun culture where you have an opportunity in shaping our future

Career Path & Culture
Primient is committed to a workplace that is all in - ensuring everyone has the opportunity to develop and shape a career that matters in an open culture which embraces equity, diversity and belonging. We challenge old ways of thinking; and encourage employee voices to be a guiding force for ongoing learning.
Primient supports a culture of inclusion that respects individual strengths, views, and experiences. We believe our differences make better decisions, drive excellence, and deliver better business results. Primient employees experience autonomy and accountability in their role. Here, employees control their destiny as there is opportunity for career growth and pathways outside the norm.
Diversity, Equity, Inclusion & Belonging
We are believers in the power of difference. We strive to represent the communities in which we operate and to provide an inclusive, welcoming environment for all. We want Primient to be a place where every employee feels they belong and knows they are seen, heard, valued and safe to speak up. Our aspiration is to unlock the full potential in diverse perspectives, while offering everyone an equal chance to grow,
Primient is an equal opportunity employer, committed to the strength of an inclusive workforce.
California Consumer Privacy Act ("CCPA")
The Company is committed to complying with the California Consumer Privacy Act ("CCPA") and all data privacy and laws in the jurisdictions in which it recruits and hires employees. We collect the following categories of personal information for the purpose of hiring the best qualified applicants and to comply with applicable employment laws: Name and contact information; Job preference and work availability; Social Security Number and/or other identification information; Education and qualifications; Employment history and experience; Military service; Reference and background check information, including relevant criminal history and credit history; Social media information; Pre-employment test results; Post-offer medical examination information and results, including drug test results; Voluntary self-disclosure information regarding minority, veteran, and disability status; and Information provided by you during the hiring process.