ZipRecruiter

Log In

1

Sr Risk Manager Jobs in Chicago, IL (NOW HIRING)

Associatedbank

Model Risk Manager

Chicago, IL · On-site

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 ...

HUB

Senior Risk Consultant

Chicago, IL · On-site

Serve as a trusted advisor to senior client stakeholders, translating complex risk findings into ... Conduct management and employee training sessions on risk and safety topics for clients as needed.

DV Trading

Credit Risk Manager

Chicago, IL · On-site

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... This role will partner closely with senior leadership to enhance the firm's credit risk framework ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... This role will partner closely with senior leadership to enhance the firm's credit risk framework ...

previous pagenext page

Showing results 21-40

All JobsSr Risk JobsSr Risk Manager JobsSr Risk Manager Jobs in Chicago, IL

Sr Risk Manager information

See Chicago, IL salary details

$23.2K

$121.9K

$216.5K

How much do sr risk manager jobs pay per year?

As of Sep 14, 2026, the average yearly pay for sr risk manager in Chicago, IL is $121,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,100.00 and $149,500.00 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 are popular job titles related to Sr Risk Manager jobs in Chicago, IL?

For Sr Risk Manager jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Sr Risk Manager jobs in Chicago, IL look for?

The top searched job categories for Sr Risk Manager jobs in Chicago, IL are:

Sr Risk Manager jobs near you
Infographic showing various Sr Risk Manager job openings in Chicago, IL as of September 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $121,919 per year, or $58.6 per hour.

Senior Vice President, Risk & Portfolio Analytics

Chicago, IL • On-site

Unison Risk Advisors
See more jobs at Unison Risk Advisorsexternal

$120K - $200K/yr

Full-time

Re-posted 21 days ago

Job description

Senior Vice President, Risk & Portfolio Analytics- Job Description
Position Summary
The Senior Vice President, Risk & Portfolio Analytics exists to lead and own the analytics capability across Avoca Risk and its affiliated MGAs. The role is accountable for delivering data-driven portfolio insights, pricing discipline, and performance analytics that support underwriting strategy, capital allocation, and business growth. This position owns a critical enterprise capability spanning actuarial oversight, catastrophe modeling, business intelligence, and portfolio management, serving as both a strategic advisor and hands-on leader. The role directly supports organizational growth, underwriting performance, and scalable analytics transformation.
Key Responsibilities
Functional Leadership & Ownership
  • Ownership of the enterprise analytics function across all platform MGAs.

  • Accountability for analytics strategy, governance, and roadmap execution.

  • Acting as a subject matter expert and primary decision-maker for portfolio analytics, pricing, and risk insights.

  • Partnering with underwriting, finance, technology, and capital stakeholders to align analytics outputs with business needs.

Hands-On Execution & Delivery
  • Direct execution of deep-dive portfolio analysis, actuarial evaluations, and pricing assessments.

  • Overseeing catastrophe modeling workflows and exposure analytics using RMS and related tools.

  • Designing and maintaining analytics processes, reporting structures, and evaluation frameworks.

  • Supporting product and contract reviews to ensure pricing adequacy and technical soundness.

  • Creation and maintenance of portfolio reporting, dashboards, and KPI tracking.

  • Ensuring accuracy, quality, and integrity of analytics outputs and data.

  • Providing regular management reporting and ad hoc analytics for decision support.

  • Monitoring portfolio performance, identifying risks, and resolving issues proactively.

Cross-Functional Partnership & Integration
  • Partnering with underwriting, finance, and technology teams to integrate analytics into business workflows.

  • Translating complex analytics into clear, decision-ready insights for senior leadership and stakeholders.

  • Supporting alignment across functions and ensuring analytics outputs meet downstream needs.

  • Improving collaboration and resolving cross-functional challenges.

Growth, Change & Special Initiatives
  • Leading or supporting growth initiatives, new program launches, and analytics expansion efforts.

  • Participating in planning, execution, and delivery of transformation initiatives.

  • Building scalable processes and repeatable analytics frameworks.

  • Ensuring continuity and alignment during organizational change.

Process Improvement & Best Practices
  • Identifying opportunities to enhance analytics processes, tools, and methodologies.

  • Driving automation and scalability across reporting and modeling capabilities.

  • Staying current on actuarial, analytics, and insurance industry best practices.

  • Championing adoption of improved, efficient ways of working.

Center of Excellence (COE) Contribution
  • Contributing thought leadership and expertise to the analytics capability across the enterprise.

  • Translating strategy into scalable analytics tools, frameworks, and processes.

  • Developing documentation, playbooks, and standards.

  • Partnering with functional groups to deliver integrated solutions and support change initiatives.

Accountability
  • Delivering effective, scalable, and strategy-aligned analytics outcomes.

  • Maintaining high standards of quality, accuracy, and reliability.

  • Supporting execution during growth, transformation, and change.

  • Building strong cross-functional partnerships and demonstrating ownership and sound judgment in decision-making.

Qualifications
Required
  • Significant experience within insurance, reinsurance, MGA/MGU, or brokerage environments.

  • Strong actuarial foundation with ACAS, FCAS, or equivalent progress preferred.

  • Knowledge of ISO-based pricing methodologies and P&C structures. Experience with RMS or other catastrophe modeling platforms.

  • Hands-on experience with SQL, Python, Power BI, or similar tools.

  • Demonstrated leadership and ability to build and develop teams.

  • Strong communication and stakeholder influence skills.

Preferred
  • Experience leading analytics transformation or enterprise initiatives.

  • Advanced certifications in actuarial or analytics disciplines.

  • Experience operating in multi-entity or global environments.

Key Competencies
  • Strategic & Systems Thinking

  • Ownership & Accountability

  • Data-Driven Decision Making

  • Process Design & Continuous Improvement

  • Consulting, Influence & Collaboration

  • Change Agility

  • Business Acumen
Compensation
The base salary range for this position is $120,000-$200,000 annually. Individual compensation will be determined based on a variety of factors including relevant experience, skills, education, and internal equity.

Apply