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Risk Management Specialist – ERM

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Oliver James Associates Ltd.
Full Time, Part Time position
Listed on 2026-07-13
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst, Financial Compliance, Regulatory Compliance Specialist
Salary/Wage Range or Industry Benchmark: 90000 - 120000 USD Yearly USD 90000.00 120000.00 YEAR
Job Description & How to Apply Below

About the Company

Our client is a well-established insurance and financial solutions company serving insurers and commercial partners nationwide. They offer a stable, respected environment paired with the energy of a growing, evolving risk function. This is a chance to join a small but expanding Enterprise Risk Management team and play a foundational role in shaping how it operates going forward.

The Opportunity

We're looking for a Risk Management Specialist to join a growing Enterprise Risk Management (ERM) function. This is a broad, hands‑on role for someone who wants exposure across multiple areas of risk – third-party/vendor risk, fraud investigation coordination, enterprise risk reporting, and regulatory compliance support – rather than specializing narrowly in just one. This is a great fit for someone mid‑career who is a self-starter, detail-oriented, and excited about the opportunity to grow alongside an expanding team over the next 1–2 years.

What

You’ll DoThird-Party Risk Management
  • 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
Fraud & Investigations Support
  • Coordinate investigations of suspected fraudulent insurance claims
  • Maintain accurate investigative documentation
  • Support compliance with state anti-fraud regulations and reporting deadlines
  • Help coordinate fraud awareness training
Enterprise Risk Management
  • Support enterprise risk assessments, risk identification, and mitigation planning
  • Maintain enterprise risk registers and supporting documentation
  • Assist with control assessments and issue tracking
Risk Reporting & Analytics
  • Develop and maintain dashboards, KRIs, and management reporting
  • Analyze trends and emerging risks for leadership review
Compliance & Regulatory Support
  • Review SOC1 reports and track Complementary User Entity Controls (CUECs)
  • Support internal and external audit requests as needed
Continuous Improvement

Participate in cross-functional strategic initiatives; identify automation and process improvement opportunities across risk programs.

What We’re Looking For
  • 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 (PowerBI 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
Compensation & Benefits
  • Annual bonus eligibility
  • Hybrid work model (2 days/week in office)
Why This Role

This is a rare opportunity to join a small, high-visibility risk team early and help shape how it grows. You’ll work directly with senior risk leadership, gain broad cross‑functional exposure, and have a clear path for advancement as the team expands.

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