
Director, Enterprise Risk Management
Chicago, ILJob$168–210K/yrSeen 6 days agoSeen in employer's feed 6 days ago
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Job overview
The ERM Director leads the execution and evolution of McDonald’s Enterprise Risk Management program, providing an aggregated view of enterprise-wide risks to senior leadership and the Board. The role partners across business and risk functions to strengthen risk practices and align them with strategy, risk appetite, and governance. It manages the ERM Senior Manager and reports to the Risk Governance Senior Director.
Skills & qualifications
Skills
Qualifications
Benefits
Full job description
Job Description:
Company Description:
McDonald’s is proud to be one of the most recognized brands in the world, with restaurants in over 100 countries that serve 70 million customers daily. We continue to operate from a position of strength. Our updated growth strategy is focused on staying ahead of what our customers want and realizing further growth potential. Our relentless ambition is why McDonald’s remains one of the world’s leading corporations after almost 70 years. Joining McDonald's means thinking big and preparing for a career that can have influence around the world.
At McDonald’s, we see every day as a chance to create positive impact. We lead through our values centered on inclusivity, service, integrity, community and family. From support of Ronald McDonald House to our Youth Opportunity project and sustainability initiatives, our values keep us dedicated to using our scale for good: good for our customers, people, industry and planet. We also offer a broad range of outstanding benefits including a sabbatical program, tuition assistance and flexible work arrangements.
Department Overview
The ERM Director will lead the execution and evolution of the Enterprise Risk Management program, ensuring the organization proactively identifies, assesses, mitigates, and monitors enterprise-wide risks. This role provides an aggregated view of risk to senior leadership, partners across the business to strengthen risk management practices, and ensures alignment with the organization’s strategy, risk appetite, and governance framework.
The ERM Director manages the ERM Senior Manager and reports to the Risk Governance Senior Director.
Duties
In this role, you will:
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Lead and enhance the ERM framework, aligning risk management with organizational strategy, regulatory requirements, and risk appetite.
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Oversee enterprise risk identification, assessment, aggregation, mitigation, and reporting.
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Provide senior leadership and the Board with clear, actionable insights on top enterprise risks, trends, and mitigation activities.
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Partner with business and risk functions to conduct risk assessments and deep dives and strengthen risk accountability across the organization.
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Prepare materials and facilitate strategic risk discussions with management committees and the Board of Directors.
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Provide tools, guidance, and best practices to support consistent risk management across the organization.
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Monitor external risk trends and industry best practices to continuously enhance the ERM program.
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Manage and develop the ERM Senior Manager, fostering strong performance and professional growth.
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Provide strategic direction for the ERM program and ensure alignment with business objectives.
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Lead enterprise risk assessments and monitor mitigation activities for key risks.
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Collaborate with business units and functional risk teams to ensure consistent application of the ERM framework.
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Prepare and present enterprise risk reporting to senior management and governance committees.
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Participate in risk governance committees and ensure mitigation efforts align with the organization’s risk appetite.
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Drive continuous improvement of ERM practices to strengthen organizational resilience.
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Support additional risk management initiatives aligned with the broader Risk program
Qualifications
- 8–10+ years of experience in risk management, including leadership or managerial experience.
And demonstrated experience and success in:
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Leading ERM programs, including risk assessment, aggregation, reporting, and governance.
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Translating complex risk information into meaningful insights for senior leadership and board-level audiences.
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Partnering across functions to build risk awareness, accountability, and alignment with business objectives.
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Applying risk management frameworks and methodologies, including COSO or other leading standards.
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Leading and developing risk professionals.
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Communicating and influencing effectively with senior leaders and cross-functional stakeholders.
Compensation
Bonus Eligible: Yes
Long - Term Incentive: Yes
Benefits Eligible: Yes
Salary Range
The expected salary range for this role is $168,212.00 - $210,265.00 per year
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors.
Additional Information:
Benefits eligible: This position offers health and welfare benefits, including but not limited to comprehensive health insurance, which includes medical, prescription drug, mental health, dental and vision coverage, as well as, life insurance.
Bonus eligible: This position is eligible for a bonus, calculated based on individual and company performance.
Long term Incentive eligible: This position is eligible for stock or other equity grants pursuant to McDonald’s long-term incentive plan.
McDonald’s is an equal opportunity employer. We promote an inclusive work environment that creates feel-good moments for everyone. McDonald’s provides reasonable accommodations to qualified individuals with disabilities as part of the application or hiring process or to perform the essential functions of their job. If you need assistance accessing or reading this job posting or otherwise feel you need an accommodation during the application or hiring process, please contact [email protected]. Reasonable accommodations will be determined on a case-by-case basis.
McDonald’s provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to sex, sex stereotyping, pregnancy (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), race, color, religion, ancestry or national origin, age, disability status, medical condition, marital status, sexual orientation, gender, gender identity, gender expression, transgender status, protected military or veteran status, citizenship status, genetic information, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
Nothing in this job posting or description should be construed as an offer or guarantee of employment.
Requsition ID: 5411
How this job compares
Set against the 3,867 open Risk Management jobs on Olive Jobs, counted November 4, 2026.
- Pay
- This posting$168–210K/yr
- Illinois median$124–175K/yr162 salary ranges
- US median$115–200K/yr2,859 salary ranges
This range's midpoint, $189K, is 18% above the Illinois median midpoint ($160K) — in the middle half of Risk Management salary ranges in Illinois.
- Openings
- Olive Jobs lists 180 open Risk Management jobs in Illinois and 3,867 across the US. 3% of them nationwide are listed as remote or flexible.
- Hiring the most in Illinois
- Capital One58 open
- PwC16 open
- BMO Financial Group9 open
- Experience
- This posting asks for at least 8 years of experience; Risk Management postings that state a minimum ask for 6 years at the median (3,406 postings).
- Education
- 1,622 of the 3,867 open Risk Management jobs (42%) ask for a bachelor's degree or higher.
Counted across the open, public US postings on Olive Jobs on November 4, 2026. Pay medians are the middle values of the low ends and of the high ends of postings that list both ends of a range in the same cadence (a yearly salary or an hourly rate); a range's midpoint is halfway between its ends. Pay and experience figures resting on fewer than 20 postings are left out.
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