Jobs · OTHR · Illinois

Risk Management Specialist - ERM

Oliver James · Chicago, IL · 6 days ago
HybridOTHRFull-time

About the role

Join a small but expanding Enterprise Risk Management (ERM) function within a well-established insurance and financial solutions company. The role offers exposure across multiple areas of risk including third-party/vendor risk, fraud investigation coordination, enterprise risk reporting, and regulatory compliance support.

Responsibilities

  • Support execution and continuous improvement of the third-party risk management (TPRM) program
  • Conduct pre-contract due diligence and ongoing vendor risk assessments
  • Facilitate annual vendor reviews and track remediation of identified issues
  • Maintain vendor risk management systems and the vendor inventory database
  • Prepare vendor risk dashboards and reporting
  • Career development opportunities to grow alongside an expanding team over the next 1–2 years

Requirements

  • Bachelor's degree in Risk Management, Finance, Accounting, Business, or a related field (equivalent experience considered)
  • Experience in enterprise risk management, compliance, fraud/investigations, vendor management, or insurance operations — a mix of these areas is ideal; you don't need to have owned all of them
  • Insurance industry background strongly preferred
  • Familiarity with third-party risk management, vendor governance, or GRC systems a plus
  • Exposure to insurance regulatory environments a plus
  • Strong Excel, PowerPoint, and Word skills; experience with GRC platforms or data visualization tools (Power BI a plus)
  • Excellent written and verbal communication skills
  • High attention to detail and strong organizational skills
  • Ability to manage multiple priorities independently and build strong stakeholder relationships
  • A proactive, go-getter mindset — someone who looks for answers and proposes solutions rather than waiting for direction

Qualifications

  • Compensation includes an annual bonus eligibility
  • Hybrid work model (2 days/week in office)

Benefits

  • Annual bonus eligibility
  • Hybrid work model (2 days/week in office)

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