About this opportunity
Argonaut Management Services, Inc lists this Risk Analyst opportunity in chicago, Illinois. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Company
Shared Services
Argo and Farm Family are specialty property and casualty insurance brands whose underwriting companies are wholly-owned subsidiaries of Clearbrook Holdings Inc. Argo and Farm Family partner with agents and brokers to provide insurance solutions that enable businesses to manage risks with confidence.
Job Description
The Enterprise Risk Analyst supports the development, implementation, and continuous enhancement of the organization's Enterprise Risk Management (ERM) framework within a property and casualty insurance environment. This role is responsible for assisting in the identification, assessment, monitoring, and reporting of enterprise risks in alignment with regulatory expectations (e.g., NAIC ORSA), industry standards, and internal governance practices.
The Analyst partners cross-functionally with the various departments of Clearbrook Group to enhance risk visibility, strengthen control effectiveness, and support risk-informed decision making. This role contributes to both strategic and operational risk initiatives, with a focus on current and emerging risks impacting the organization.
We are open to considering candidates with a range of experience levels; the final level will be determined based on the candidate's qualifications, experience, and business needs. Compensation will be commensurate with experience and aligned to the level at which the candidate is hired.
This is a 100% in-office position. The role requires consistent on-site presence to support collaboration, real-time decision-making, and effective partnership with cross-functional teams.
KEY ACCOUNTABILITIES
Risk Identification & Assessment
Support enterprise-wide risk identification and assessment processes, including Risk and Control Self-Assessments (RCSAs), risk registers, and emerging risk identification
Evaluate inherent and residual risks across key categories, including insurance, operational, financial, and strategic risks
Maintain and enhance risk taxonomies aligned with NAIC and COSO ERM frameworks
Participate in cross-functional engagements to support risk identification, assessment, and monitoring activities
Contribute to the design, implementation, and ongoing improvement of the ERM framework
Support the Own Risk and Solvency Assessment (ORSA) process, including documentation, reporting, and governance alignment
Maintain ERM policies, standards, and procedures to ensure regulatory compliance and audit readiness
Support governance activities, including preparation of materials and documentation for risk committees and working groups
Collect, aggregate, and analyze risk data arising from risk assessments and business processes
Support development and refinement of key risk indicators (KRIs) and risk metrics
Perform research and analysis to support enterprise risk initiatives and emerging risk evaluations
Capture and track risk events, near misses, and loss data to support risk trend analysis
Maintain risk registers, KRIs, and risk appetite metrics
Prepare risk reporting for senior management, risk committees, and the Board
Track risk issues, control gaps, and remediation activities to support timely resolution
Maintain ERM dashboards and support ongoing reporting and analytics initiatives
Support regulatory and rating agency reporting, including ad hoc requests
Partner with first- and second-line functions to evaluate control design and operating effectiveness
Support the development and maintenance of standardized control libraries aligned with SOX, MAR, and NAIC expectations
Identify control gaps and recommend practical, risk-based mitigation strategies
Support regulatory exam readiness and response activities (e.g., state Department of Insurance examinations)
Ensure ERM documentation is accurate, current, and defensible
Monitor regulatory developments and assess impacts to the ERM framework
Engage with underwriting, claims, actuarial, finance, IT, and legal & compliance teams to embed risk management practices
Support enterprise initiatives related to operational risk, third-party risk, model risk, AI risk, and IT risk
Facilitate risk discussions, workshops, and training sessions as appropriate
QUALIFICATIONS
Required
Bachelor's degree in risk management, finance, accounting, insurance, business, mathematics, or related field
2-5 years of experience in risk management, internal audit, compliance, or insurance operations
Familiarity with insurance regulatory requirements, including NAIC guidance and ORSA
Preferred
Experience within a Property & Casualty insurance organization
Working knowledge of enterprise risk management frameworks (COSO ERM, ISO 31000)
Exposure to SOX, Model Risk Management (SR 11-7), AI Risk Management (NIST AI RMF), or IT GRC frameworks
Progress toward or completion of professional certifications (ARM, CRM, CERA, etc.)
KEY COMPETENCIES
Strong analytical and critical thinking skills with attention to detail
Ability to translate complex risk concepts into clear, actionable insights
Effective written and verbal communication skills for senior audiences
Collaborative mindset with strong relationship-building capabilities
Strong organizational skills and ability to manage multiple priorities
Results-oriented with a proactive approach to problem-solving
Proficiency in Microsoft Office (Excel, PowerPoint, Word) and data analysis tools
Ability to manage multiple priorities in a dynamic environment
The salary range provided reflects targeted hiring locations and will be commensurate with the candidate's experience, skills, and qualifications. Compensation may vary for candidates in other locations based on geographic differentials, cost of labor, and internal equity considerations.
New York City, NY: $77,500.00 - $102,000.00
Chicago, IL: $71,000.00 - $93,500.00
All Other Geographic Locations: $65,000.00 - $85,000.00
Candidates must be legally authorized to work in the United States at the time of application. This role is not eligible for employer-sponsored work authorization now or in the future.
PLEASE NOTE:
Applicants must be legally authorized to work in the United States. At this time, we are not able to sponsor or assume sponsorship of employment visas.
If you have a disability under the Americans with Disabilities Act or similar state or local law and you wish to discuss potential reasonable accommodations related to applying for employment with us, please contact our Benefits Department at .
Benefits and Compensation
We offer a competitive compensation package, performance-based incentives, and a comprehensive benefits program-including health, dental, vision, 401(k) with company match, paid time off, and professional development opportunities.
Core Values
At Clearbrook our Core Values are Integrity, Collaboration, Pursuit of Excellence and Forward Thinking. These values reflect who we are today and who we aspire to be - guiding how we work, how we lead and how we succeed.
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.