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Sr Risk Manager Jobs in Illinois (NOW HIRING)

Senior Risk Manager At Capital One, we dare to dream, disrupt, and deliver a better way. We bring ingenuity, simplicity, and humanity to an industry ripe for change. As a senior leader in Enterprise ...

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

The Senior Risk Manager will lead the enterprise insurance and risk financing programs; assess, quantify, and communicate business risk; develop and execute risk mitigation strategies; and ensure ...

Sr. Risk Analyst | Primient About Primient Primient is a century old company with an ... Develop, implement, and maintain comprehensive risk management policies and procedures to ensure a ...

Sr. Risk Analyst | Primient About Primient Primient is a century old company with an ... Develop, implement, and maintain comprehensive risk management policies and procedures to ensure a ...

The Senior Risk Manager of Insurance and Contract Compliance has strong experience in risk management, insurance, and contract risk transfer within the heavy civil construction industry, supporting ...

Provide insurance education and financial risk insight to General Managers and senior leadership * Parter with Corporate Accounting on monthly deductible cross charges * Key contact for business and ...

Risk Manager

Deerfield, IL · On-site

$100 - $140/hr

Provide insurance education and financial risk insight to General Managers and senior leadership * Parter with Corporate Accounting on monthly deductible cross charges * Key contact for business and ...

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The Senior Manager, Risk Governance leads the design, implementation, oversight, and continuous enhancement of risk governance frameworks, standards, and practices that support effective oversight ...

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Showing results 1-20

Sr Risk Manager information

See Illinois salary details

$21.8K

$114.6K

$203.5K

How much do sr risk manager jobs pay per year?

As of Sep 2, 2026, the average yearly pay for sr risk manager in Illinois is $114,595.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,900.00 and $140,500.00 per year, depending on experience, location, and employer.

What does a Sr Risk Manager do?

A Sr Risk Manager is responsible for identifying, assessing, and mitigating risks that could impact an organization’s operations, finances, or reputation. They develop risk management strategies, implement policies, and collaborate with other departments to ensure compliance and minimize potential losses. This role often involves analyzing data, preparing reports for senior leadership, and staying updated on regulatory changes that may affect the business.

How does a Sr Risk Manager typically collaborate with other departments to manage organizational risks?

As a Sr Risk Manager, you will frequently work cross-functionally with teams such as compliance, legal, finance, and operations to identify, assess, and mitigate risks. This involves facilitating risk assessments, sharing findings with department leads, and developing action plans together. Effective communication skills and the ability to translate complex risk concepts into practical recommendations are essential. Regular meetings and reporting cycles help ensure risks are monitored and managed proactively across the organization.

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

To thrive as a Sr Risk Manager, you need deep expertise in risk assessment, financial analysis, regulatory compliance, and typically a bachelor's or master's degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (Governance, Risk, and Compliance) systems, and certifications like FRM or CRM are often required. Strong analytical thinking, leadership, and effective communication skills help in influencing decision-makers and leading cross-functional teams. These competencies are essential for identifying, mitigating, and communicating risks to protect the organization’s assets and reputation.

What is the difference between Sr Risk Manager vs Risk Analyst?

AspectSr Risk ManagerRisk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, risk management certifications)Often requires a bachelor's degree, some certifications preferred
Work EnvironmentStrategic, leadership-focused, often managerialAnalytical, data-driven, support role
Employer & Industry UsageUsed in finance, insurance, corporate sectors for risk oversightCommon in finance, banking, and insurance for risk assessment

The main difference between a Sr Risk Manager and a Risk Analyst lies in their responsibilities and experience level. The Sr Risk Manager oversees risk strategies and manages teams, requiring more advanced credentials and strategic thinking. In contrast, the Risk Analyst focuses on data analysis and risk assessment tasks, often serving as a support role. Both roles are vital in risk management but differ in scope and seniority.

What cities in Illinois are hiring for Sr Risk Manager jobs?

Cities in Illinois with the most Sr Risk Manager job openings:

Infographic showing various Sr Risk Manager job openings in Illinois as of August 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $114,595 per year, or $55.1 per hour.

Full-time

Re-posted 10 days ago


Capital One rating

7.8

Company rating: 7.8 out of 10

Based on 148 frontline employees who took The Breakroom Quiz

89th of 174 rated banks


Job description

Senior Risk Manager

At Capital One, we dare to dream, disrupt, and deliver a better way. We bring ingenuity, simplicity, and humanity to an industry ripe for change. As a senior leader in Enterprise Risk Management (ERM), you will join a critical second-line-of-defense function responsible for defining the bank's risk management architecture. This role is at the heart of our Change Governance Program, positioned to take a critical role as we modernize our processes to be more nimble and effective while maintaining a robust risk posture.

As a Senior Risk Manager in Capital One's Enterprise Risk Management (ERM) department you will apply your project management and analytical skills to our highest profile Risk Management projects. You will lead a team of Risk Specialists responsible for working across the enterprise to develop and implement cutting edge Risk solutions to ensure Capital One's continued stability and success. Senior Risk Managers partner with Executives and their teams to identify potential Risks in an open, collaborative environment where new ideas and solutions are both welcomed and rewarded.

Senior Risk Managers at Capital One are highly motivated Risk Management professionals with excellent project management and communication skills. They have a high level of exposure across lines of business and the opportunity to work with Executives to create and implement innovative solutions to identify and mitigate potential risks to the Company.

Responsibilities:

  • Advise and guide users on appropriate usage of our change-based risk assessment program (e.g., LAUNCH), including methodology adherence and best practices and processing administrative actions and user exceptions

  • Solve our stakeholders most complex problems during critical change governance activities

  • Monitor Slack channel and host office hours; respond to user needs

  • Host frequent check-ins with key stakeholders and from each line of business (LOB) to discuss metrics, QA findings, and strategic initiatives

  • Identify bugs and blockers, partnering with methodology owners on fixes and enhancements

  • Provide LOB specific metrics and commentary for various ERM reporting needs (e.g., ROCs)

  • Ensure completion of Post Implementation Reviews for each LOB

  • Maintain documentation of ERM effective challenge and escalation activities

Agentic AI Oversight:

  • Perform effective challenge by reviewing AI-processed initiatives to ensure appropriate risk classification

  • Evaluate AI agent inputs and risk logic for accuracy in identifying risks and mitigations

  • Establish and manage enterprise controls to ensure the AI agent operates strictly within LAUNCH methodology

  • Monitor AI agent effectiveness using quantitative and qualitative metrics, logging inadequacies as observations, and tracking remediation progress

Basic Qualifications:

  • Bachelor's Degree or Military experience

  • At least 3 years of risk management experience

  • At least 5 years of project management experience

Preferred Qualifications:

  • 4+ years of risk management experience

  • 6+ years of project management experience leading cross functional projects and programs in risk

  • PMP Certification or Master's Certificate of Project Management (CPM)

  • Ability to set direction, manage expectations and lead cross-functional teams

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $177,700 - $202,800 for Sr. Risk Manager


Richmond, VA: $161,500 - $184,300 for Sr. Risk Manager


Riverwoods, IL: $161,500 - $184,300 for Sr. Risk Manager









Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).


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