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Sr Risk Manager Jobs in Illinois (NOW HIRING)

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 ...

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 ...

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 ...

The position offers the opportunity to influence enterprise-wide risk management strategies and work closely with senior leadership, regulators, and business partners. Key Accountabilities * Lead the ...

This role partners with senior stakeholders to ensure risk management practices are effectively embedded, supports risk-informed decision making, and ensures alignment with enterprise and regulatory ...

This role partners with senior stakeholders to ensure risk management practices are effectively embedded, supports risk-informed decision making, and ensures alignment with enterprise and regulatory ...

... Senior Manager role leads the Fraud Risk and Return Management (FRRM) team, a cross-functional group of up to 10 fraud business consultants and technical analysts, responsible for advancing Allstate ...

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 ...

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 ...

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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 Jul 16, 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 senior risk manager do?

A senior risk manager identifies, assesses, and mitigates potential risks that could impact an organization’s operations, financial stability, or reputation. They develop risk management strategies, monitor risk exposure, and ensure compliance with regulations, often using tools like risk assessment software. Strong analytical skills and industry certifications such as FRM or CRM are typically required.

What is the highest salary for a risk manager?

The highest salaries for senior risk managers can exceed $150,000 to $200,000 annually, especially in large corporations or financial institutions. Factors such as experience, certifications like FRM or CFA, and geographic location influence compensation levels.

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.

How much do senior risk managers make?

Senior risk managers typically earn between $90,000 and $150,000 annually, depending on experience, industry, and location. They often hold certifications such as FRM or CRM and work in financial services, insurance, or corporate risk management environments.

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 highest paying risk management job?

The highest paying risk management roles are often senior executive positions such as Chief Risk Officer (CRO) or Vice President of Risk Management, which can offer six-figure salaries or higher. These roles typically require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills within large organizations or financial institutions.

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 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 July 2026, with employment types broken down into 88% Full Time, 10% Part Time, 1% Temporary, and 1% Contract. Highlights an 86% Physical, 1% Hybrid, and 13% Remote job distribution, with an average salary of $114,595 per year, or $55.1 per hour.
Americas Risk Senior Manager

Americas Risk Senior Manager

Cushman & Wakefield

Chicago, IL • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 12 hours ago


Cushman & Wakefield rating

7.5

Company rating: 7.5 out of 10

Based on 154 frontline employees who took The Breakroom Quiz

83rd of 162 rated real estate companies


Job description

Job Title

Americas Risk Senior Manager

Job Description Summary

Cushman & Wakefield is seeking an Americas Risk Senior Manager who will be responsible for the leadership and management of the risk management function in North America. Reporting to the Chief Counsel, Litigation & Risk, this position partners with the regional business units and corporate functions to provide effective risk management which aligns with Cushman & Wakefield's global risk management strategy. This position is responsible for identifying, managing, and minimizing risks to the company through active involvement in contract negotiations, claims management, corporate insurance program placement, and loss control.

Job Description

  • Establish and manage internal relationships with the business units and corporate functions to facilitate the identification, evaluation and understanding of risks across the company
  • Provide subject matter expertise, ongoing consultation, and training to the business leaders regarding internal and external risk management issues
  • Provide support in the placement and negotiation of regional and contract specific insurance programs with the company's insurance brokers
  • Provide support for client and vendor contract negotiations, including leading the negotiation of insurance provisions and identification of scope issues
  • Manage the reporting and resolution of property and casualty insurance claims within authority
  • Oversee and manage a team of in-house claims managers, third party claims administrator (TPA), and other relevant parties to drive positive claim outcomes for all US and Canada workers compensation, general liability, and auto claims
  • Coordinate routine functions of the US and Canada insurance programs, including annual policy audits, state required filings and notices, and certificate of insurance issuance
  • Identify loss drivers and claims trends; partner with the business teams and other corporate functions to create and implement loss control initiatives to reduce claims frequency and severity and reduce the company's Total Cost of Risk
  • Assist with M&A due diligence and integration of the acquired company into Cushman & Wakefield's insurance and risk management programs
  • Partner with the cross-functional teams on vendor management and compliance
  • Ensure claims and other risk data is accurately maintained in the company's Risk Management Information Systems (RMIS) and other internal and external systems
  • Prepare and present risk reports to management as required or requested
  • Partner with other regional risk managers on global or cross-regional projects
  • Assist with other regional risk and insurance projects as requested or needed

Key Competencies

  • Ability to assess and negotiate insurance coverage and contractual risk and requirements
  • Demonstrated ability to identify problems and implement corrective action
  • Ability to work in a fast-paced environment with demonstrated ability to manage and prioritize multiple tasks with high attention to detail
  • Strong interpersonal and teamwork skills, including oral and written communication, collaboration, negotiation, conflict mediation, and ability to work with a variety of personalities at all levels of the organization
  • Ability to work independently with flexibility and focus in a dynamic environment
  • Analytic and strategic thinker capable of translating senior-level direction and corporate risk management policies and procedures to structured, practical, efficient and effective business processes
  • Proven leadership skills with demonstrated sound business judgement; develops talent for the future
  • Strong analytical, financial, and project management skills, with the ability to adapt to project developments, communicate clearly, demonstrate leadership, drive results, manage multiple priorities and meet deadlines

Important Education

  • Bachelor's degree required; preferably in risk management, business or other related field but not required

Important Experience

  • 7+ years of experience in corporate risk management and/or corporate insurance roles with progressive responsibility
  • Strong background in property and casualty insurance coverages
  • Experience managing high deductible and self-insurance programs
  • Experience identifying current and emerging trends in risk management in internal and external environments
  • Experience managing a team

Additional Eligibility Qualifications

  • Risk management and/or insurance designation (ARM, CPCU, or similar) preferred but not required
  • Proficiency in Microsoft Office Suite (Word, PowerPoint, Excel, Outlook)
  • Computer proficiency to utilize online Risk Management Information Systems (RMIS)

Cushman & Wakefield also provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health, vision, and dental insurance, flexible spending accounts, health savings accounts, retirement savings plans, life, and disability insurance programs, and paid and unpaid time away from work. In addition to a comprehensive benefits package, Cushman and Wakefield provide eligible employees with competitive pay, which may vary depending on eligibility factors such as geographic location, date of hire, total hours worked, job type, business line, and applicability of collective bargaining agreements.
The compensation that will be offered to the successful candidate will depend on factors such as whether the position is covered by a collective bargaining agreement, the geographic area in which the work will be performed, market pay rates in that area, and the candidate's experience and qualifications.
The company will not pay less than minimum wage for this role.
The compensation for the position is: $ 127,500.00 - $150,000.00Cushman & Wakefield is an Equal Opportunity employer to all protected groups, including protected veterans and individuals with disabilities. Discrimination of any type will not be tolerated.

In compliance with the Americans with Disabilities Act Amendments Act (ADAAA), if you have a disability and would like to request an accommodation in order to apply for a position at Cushman & Wakefield, please call the ADA line at 1-888-365-5406 or emailAccommodations@cushwake.com. Please refer to the job title and job location when you contact us.

INCO: "Cushman & Wakefield"

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