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Avp Risk Management Jobs in Chicago, IL (NOW HIRING)

Captive Resources

AVP, Underwriting Manager

Itasca, IL

$137K - $168K/hr

... risk. The AVP will work closely with senior management, fronting carriers, actuarial, and sales ... teams to support business goals and drive performance across the medical stop loss portfolio.

Captive Resources

AVP, Underwriting Manager

Itasca, IL · On-site

... risk. The AVP will work closely with senior management, fronting carriers, actuarial, and sales ... teams to support business goals and drive performance across the medical stop loss portfolio.

Captive Resources

AVP, Underwriting Manager

Itasca, IL

$137K - $168K/hr

... risk. The AVP will work closely with senior management, fronting carriers, actuarial, and sales ... teams to support business goals and drive performance across the medical stop loss portfolio.

AIG

Actuary & AVP - Management Liability

Chicago, IL

$120K - $141K/yr

Actuary & AVP - Management Liability At AIG, we are reimagining the way we help customers to manage ... We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other ...

The Hartford

AVP Applied AI

Chicago, IL · Hybrid

AVP Data Science - GD05AE We're determined to make a difference and are proud to be an insurance ... Ensure evaluation results inform prioritization, release decisions, and risk management at the ...

The Hartford

AVP Applied AI, Small Business

Chicago, IL · On-site +1

AVP Data Science - GD05AE We're determined to make a difference and are proud to be an insurance ... Ensure evaluation results inform prioritization, release decisions, and risk management at the ...

The Hartford

AVP Applied AI, Claims

Chicago, IL · Hybrid

AVP Data Science - GD05AE We're determined to make a difference and are proud to be an insurance ... Strong governance and responsible AI grounding: model risk management, fairness/safety ...

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All JobsAvp Risk Management JobsAvp Risk Management Jobs in Chicago, IL

Avp Risk Management information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do avp risk management jobs pay per year?

As of Jul 3, 2026, the average yearly pay for avp risk management in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

What is the difference between Avp Risk Management vs Risk Analyst?

AspectAvp Risk ManagementRisk Analyst
CredentialsBachelor's degree, professional certifications (e.g., FRM, CRM)Bachelor's degree, certifications (e.g., FRM, CRM) often preferred
Work EnvironmentSenior-level, strategic, cross-departmentalOperational, data-focused, analytical
Employer & Industry UsageFinancial institutions, insurance, bankingFinancial firms, investment banks, insurance companies

While both roles involve risk assessment, the Avp Risk Management typically oversees risk strategies and policies at a senior level, whereas a Risk Analyst focuses on data analysis and risk evaluation. The Avp role requires more experience and strategic oversight, making it suitable for professionals with advanced certifications and leadership skills.

What are some common challenges faced by an AVP Risk Management, and how can they be addressed within a financial institution?

An AVP Risk Management often encounters challenges such as balancing regulatory compliance with business objectives, keeping up with evolving risks, and fostering a strong risk culture across departments. Addressing these challenges typically involves proactive communication with cross-functional teams, continuous professional development to stay updated on regulations, and implementing robust risk assessment frameworks. Building collaborative relationships with stakeholders and leveraging technology for risk monitoring also help mitigate these challenges and ensure effective risk management.

What are the key skills and qualifications needed to thrive as an AVP Risk Management, and why are they important?

To excel as an AVP Risk Management, you typically need expertise in risk assessment, financial analysis, and regulatory compliance, supported by a relevant degree such as finance or business and often certifications like FRM or CFA. Familiarity with risk management software, data analytics tools, and regulatory reporting systems is crucial. Strong leadership, problem-solving abilities, and effective communication help you navigate complex risk scenarios and lead cross-functional teams. These skills are vital to identify, mitigate, and communicate risks, ensuring an organization's stability and regulatory adherence.

What does an AVP of Risk Management do?

An AVP (Assistant Vice President) of Risk Management is responsible for identifying, assessing, and mitigating risks that could impact an organization’s operations and objectives. They work closely with senior management to develop risk management strategies, implement policies, and ensure compliance with regulatory requirements. Their role often includes overseeing risk assessments, analyzing data, and leading teams to minimize financial, operational, and reputational risks. They also play a key part in crisis management and developing risk awareness across the company.
What are popular job titles related to Avp Risk Management jobs in Chicago, IL? For Avp Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Avp Risk Management jobs in Chicago, IL look for? The top searched job categories for Avp Risk Management jobs in Chicago, IL are:
Avp Risk Management jobs near you
AVP, Risk Manager

AVP, Risk Manager

Zurich Insurance Company Ltd.

Schaumburg, IL • On-site

$110K - $180K/yr

Full-time

Posted 2 days ago

Job description

Zurich North America is seeking an AVP, Risk Manager to provide second line oversight and governance across business units. This role partners with senior stakeholders to ensure risk management practices are effectively embedded, supports risk-informed decision making, and ensures alignment with enterprise and regulatory expectations.

The AVP, Risk Manager can work out of our Chicago, IL or Schaumburg, IL North America HQ in a hybrid schedule.  This person will report to the Head of Strategic and Operational Risk.

The AVP-Risk Manager will provide independent oversight and challenge of business unit risk activities, ensuring effective governance and alignment with enterprise standards. This person will lead and support project and strategic risk assessments, support execution and ongoing management of TRP and SAOR frameworks, including coordination, review, and consolidate risk inputs to support enterprise reporting, oversee risk action plans, including monitoring progress, assessing effectiveness, and validating; trigger and manage the quarterly attestation process, ensuring timely and complete submissions.

Basic Qualifications:

  • Bachelor’s Degree in Risk Management and 7 or more years of experience in the Risk Management área OR
  • High School Diploma or Equivalent and 9 or more years of experience in the Risk Management área OR
  • Zurich Certified Insurance Apprentice including an Associate’s Degree in Risk Management and 7 or more years of experience in the Risk Management área AND
  • 7 or more years in the insurance or financial industry, including experience in different technical functions
  • Knowledge in risk management or risk engineering

Preferred Qualifications:

  • Strong ability to challenge and influence senior stakeholders
  • Experience with risk frameworks, governance, and regulatory expectations
  • Proven ability to manage multiple priorities and deliver high-quality outputs
  • Strong written and verbal communication skills
  • Advanced degree and/or professional risk or finance certification
  • Demonstrates independent judgment and effective challenge
  • Applies an enterprise-wide perspective to risk assessment and decision-making
  • Influences outcomes in a matrixed environment
  • Ensures strong governance, execution, and delivery discipline
  • Builds capability through coaching and enablement across teams

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply—your unique background matters to us.

The pay range shown is a national average and may vary by location. The proposed salary range for this position is $110,220 - $180,510, with short-term incentive bonus eligibility set at 20%.

 

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500®.

Join us for a brighter future—for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code § 1033.

 

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
Linkedin Recruiter Tag: #LI-MG1 #LI-DIRECTOR 

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