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Sr Risk Manager Jobs in Illinois (NOW HIRING)

PremiStar

Risk Manager

Deerfield, IL · On-site

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 ...

Early Warning Services

IT Risk Manager

Chicago, IL · Hybrid

Essential Functions * Assist Sr. Risk Managers and LOD1 Director if meeting departmental goals and objectives. * Build and manage the business line's centralized LOD1 function; act as business-line ...

Geneva Trading

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

At least 7 years' relevant experience as a Senior Risk Manager in a derivatives trading environment * Experience with futures, options, cryptocurrency, and power trading strategies and risk ...

Capital One

Manager, Risk Manager

Riverwoods, IL

Strong communication and stakeholder management skills, with a proven track record of influencing senior leadership through audit findings and risk insights At this time, Capital One will not sponsor ...

Smarkets

Chief Risk Officer

Chicago, IL · On-site

$150 - $200/hr

Senior risk leader with 7+ years of senior experience in risk management, ideally within derivatives markets, exchanges, clearinghouses, or other financial infrastructure providers. * 4+ years of ...

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All JobsSr Risk JobsSr Risk Manager JobsSr Risk Manager Jobs in Illinois

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 Aug 7, 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.

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 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 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 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.
What are popular job titles related to Sr Risk Manager jobs in Illinois? For Sr Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Sr Risk Manager jobs in Illinois look for? The top searched job categories for Sr Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Sr Risk Manager jobs? Cities in Illinois with the most Sr Risk Manager job openings:
Sr Risk Manager jobs near you
Infographic showing various Sr Risk Manager job openings in Illinois as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $114,595 per year, or $55.1 per hour.

Risk Manager

PremiStar

Deerfield, IL • On-site

Full-time

Re-posted 1 hour ago

Job description

The Risk Manager is responsible for leading the organization's enterprise insurance strategy, claims management oversight, and risk mitigation initiatives within a multi-state HVAC and MEP service and construction environment.
Reporting jointly to the Controller and Director of Safety, this role serves as a strategic partner to Finance, Safety, Operations, and Executive Leadership to reduce total cost of risk, strengthen insurance performance, and protect enterprise financial stability across all Business Units.
This position requires a seasoned risk professional with deep property & casualty insurance expertise, executive-level claims management experience, and working knowledge of field operations and safety performance in HVAC/MEP environments.
Key Responsibilities
  • Enterprise Insurance Strategy
  • Lead administration and strategic oversight of all property & casualty insurance programs, including general liability, auto liability, workers' compensation, umbrella/excess, and property
  • Partner with brokers and carriers to develop renewal strategy, underwriting submissions, coverage negotiations, and program structure optimization.
  • Lead the annual insurance renewal process, gather necessary information from business units for the annual renewal, prepare summarized information to review internally and supply to the broker. Develop insurance rates for monthly accruals performed by the business.
  • Evaluate limits, deductibles, and retention strategies to align with operational risk profile and financial objectives
  • Support M&A due diligence, insurance modeling, and post-acquisition integration

Claims & Total Cost of Risk Management
  • Provide executive-level oversight of workers' compensation, auto, general liability, and property claims arising from HVAC and MEP operations
  • Partner with TPAs, carriers, and legal counsel to manage complex and litigated claims
  • Review reserves, monitor large-loss development, and provide financial forecasting insight to leadership
  • Conduct structured quarterly claims reviews with Business Unit leadership
  • Analyze claim frequency, severity, lag time, and emerging loss trends to drive corrective action

Risk Analytics & Operational Alignment
  • Analyze TRIR trends, at-fault auto incidents, and operational loss drivers across the enterprise
  • Partner with the Director of Safety to align prevention initiatives with insurance data and financial impact
  • Support targeted interventions for high-loss Business Units
  • 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 insurance broker related to insurance matters

Contractual Risk & Compliance
  • Review of contractual insurance requirements in commercial service and construction agreements
  • Ensure certificates of insurance and compliance documentation align with enterprise standards
  • Mitigate contractual transfer risk exposure

Qualifications
  • Bachelor's degree in risk management, Insurance, Finance, Business, Safety, or related field required
  • Minimum 10 years of progressive experience in insurance risk management, claims oversight, underwriting, or enterprise property & casualty leadership
  • Experience supporting construction, HVAC, MEP, or field service operations strongly preferred
  • Experience managing large deductible or self-insured retention programs preferred
  • Demonstrated experience partnering with executive leadership on financial risk strategy
  • Strong analytical, financial modeling, and communication skills

MINIMUM AND/OR PREFERRED QUALIFICATIONS:
  • ARM
  • CPCU
  • CSP or safety credential a plus
  • MBA or advanced business degree a plus

Additional Requirements
  • Ability to travel to Business Unit locations as needed
  • Ability to walk active construction sites, rooftops, mechanical rooms, and shop environments
  • Ability to access elevated work areas and fleet operations environments
  • Executive presence and ability to influence senior operational leaders
  • Ability to manage priorities across geographically dispersed operations

PHYSICAL DEMANDS
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

WORK ENVIRONMENT:
This job operates in both an office and a field environment. Must be able to sit and/or stand for extended periods of time.
REASONABLE ACCOMODATION:
Reasonable accommodation will be made to enable individuals with disabilities to perform the essential job functions unless doing so presents an undue hardship on the Company's business operations.
OTHER DUTIES:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. Employees understand the above job description and agree to comply with and be subject to its conditions. Employee further agrees this job description does not alter his/her at-will employment status. Employees understand the Company reserves the right to delegate, remove, expand or change all responsibilities. Employees acknowledge that he/she can fulfill the above duties with or without reasonable accommodation.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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