Director of Risk Management

Sinai Chicago; Chicago (IL); On-site; USD 150,000 - 230,000; Full time

Benefits offered by this job

Medical, Dental, and Vision Coverage

Health Savings Account (HSA)

Flexible Spending Account (FSA)

Employer-Paid Life Insurance and AD&D

Supplemental Life Insurance

Short-Term and Long-Term Disability

Employee Assistance Program (EAP)

Student Loan Assistance Program

Retirement and Wellness Benefits

Job summary

Sinai Chicago is seeking an experienced Director of Risk Management to lead and oversee the organization’s comprehensive risk management program.

Reporting directly to the General Counsel, this leadership role is responsible for safeguarding Sinai Health System’s assets, operations, and reputation through proactive risk assessment, loss prevention, insurance management, litigation oversight, and regulatory compliance initiatives.

Qualifications

• Minimum of 3 years of healthcare experience in a healthcare setting.
• Strong understanding of healthcare operations and risk management principles.
• Excellent verbal, written, analytical, and problem-solving skills.
• Demonstrated business acumen with the ability to balance strategic objectives and operational needs.

Responsibilities

• Develop, implement, and administer a system-wide Risk Management Program.
• Analyze risk data, identify trends, and develop mitigation strategies to reduce organizational exposure.
• Lead insurance and risk financing programs, including policy management and claims oversight.
• Oversee litigation management in partnership with legal counsel and external stakeholders.
• Conduct annual enterprise-wide risk assessments and recommend corrective action plans.
• Develop and facilitate risk management education and training programs for staff and leadership.
• Partner with executive leadership to support strategic risk management initiatives.
• Provide guidance on regulatory, compliance, and risk-related matters affecting the organization.
• Collaborate with the Chief Compliance Officer and Enterprise Risk Counsel to execute the Enterprise Risk Management Plan.
• Participate in the development and review of organizational policies, procedures, and programs.
• Maintain current knowledge of federal, state, and local healthcare regulations, accreditation standards, and industry best practices.
• Foster strong relationships with internal and external stakeholders, including insurance carriers, legal partners, clinical leaders, and professional organizations.
• Perform additional duties as assigned.

Skills

Healthcare risk mgmt

Leadership

Regulatory compliance

Analytical thinking

Communication

Problem solving

MS Office

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

PowerPoint

Job description

At Sinai Chicago, we take health care personally. Excellence in health care is about more than medicine, technology, tests, and treatments. It is about caring for people with dignity and respect. We are dedicated to providing exceptional care for our patients, supporting our community, and creating meaningful opportunities for our team members.

Position Summary

Sinai Chicago is seeking an experienced Director of Risk Management to lead and oversee the organization’s comprehensive risk management program. Reporting directly to the General Counsel, this leadership role is responsible for safeguarding Sinai Health System’s assets, operations, and reputation through proactive risk assessment, loss prevention, insurance management, litigation oversight, and regulatory compliance initiatives.

The Director of Risk Management will collaborate closely with executive leadership, operational departments, legal counsel, compliance teams, and clinical stakeholders to identify, evaluate, and mitigate organizational risks while supporting the Enterprise Risk Management (ERM) strategy.

Key Responsibilities

• Develop, implement, and administer a system-wide Risk Management Program.
• Analyze risk data, identify trends, and develop mitigation strategies to reduce organizational exposure.
• Lead insurance and risk financing programs, including policy management and claims oversight.
• Oversee litigation management in partnership with legal counsel and external stakeholders.
• Conduct annual enterprise-wide risk assessments and recommend corrective action plans.
• Develop and facilitate risk management education and training programs for staff and leadership.
• Partner with executive leadership to support strategic risk management initiatives.
• Provide guidance on regulatory, compliance, and risk-related matters affecting the organization.
• Collaborate with the Chief Compliance Officer and Enterprise Risk Counsel to execute the Enterprise Risk Management Plan.
• Participate in the development and review of organizational policies, procedures, and programs.
• Maintain current knowledge of federal, state, and local healthcare regulations, accreditation standards, and industry best practices.
• Foster strong relationships with internal and external stakeholders, including insurance carriers, legal partners, clinical leaders, and professional organizations.
• Perform additional duties as assigned.

Qualifications

Required

• Minimum of 3 years of healthcare experience in a healthcare setting.
• Strong understanding of healthcare operations and risk management principles.
• Excellent verbal, written, analytical, and problem-solving skills.
• Demonstrated business acumen with the ability to balance strategic objectives and operational needs.
• Ability to assess risk and recommend effective mitigation strategies.
• Proficiency in Microsoft Office Suite, including Word, Excel, Outlook, and PowerPoint.

Preferred

• Experience in healthcare risk management.
• Experience managing insurance programs and litigation matters.
• Working knowledge of federal and state healthcare regulations, including:
  • HIPAA Privacy and Security requirements
  • Medicare and Medicaid regulations
  • Healthcare accreditation standards
  • Non-discrimination and regulatory compliance requirements

Ideal Candidate

The successful candidate will be a strategic and collaborative leader who can navigate complex healthcare environments, influence decision-making, and drive risk reduction initiatives across the organization. They will possess strong relationship-building skills, sound judgment, and the ability to communicate effectively with executives, physicians, clinical teams, and external partners.

• General office environment.
• Occasional travel throughout the health system may be required.

Physical Requirements

• Regularly required to sit, communicate, and utilize standard office equipment.
• Occasionally required to stand and move throughout facilities.
• Ability to lift and/or move up to 25 pounds occasionally.
• Requires close vision, distance vision, and the ability to adjust focus.

Exposure Classification

This position does not involve routine exposure to blood, body fluids, non-intact skin, or tissue specimens and does not require participation in emergency medical care or first aid activities.

Sinai Chicago offers a comprehensive benefits package that may include:

• Medical, Dental, and Vision Coverage
• Prescription Drug Coverage
• Health Savings Account (HSA)
• Flexible Spending Account (FSA)
• Employer-Paid Life Insurance and AD&D
• Supplemental Life Insurance
• Short-Term and Long-Term Disability
• Employee Assistance Program (EAP)
• Student Loan Assistance Program
• Retirement and Additional Wellness Benefits

Eligibility for certain benefit programs may be based on scheduled hours worked and completion of applicable waiting periods.

Our Values

Teamwork

• Collaborate effectively to create an inclusive and supportive workplace.

Respect

• Treat every individual with dignity, fairness, and appreciation for their unique contributions.

Quality

• Commit to continuous improvement, learning, and excellence in patient care.

Integrity

• Demonstrate honesty, accountability, and ethical decision-making.

Safety

• Promote a safe environment for patients, visitors, and colleagues.

Role Model

• Lead by example and champion organizational values in every interaction.

Join Sinai Chicago