ZipRecruiter

Log In

1

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

SmartBiz Bank

AVP, SBA Portfolio Manager

Northbrook, IL · On-site

$110K - $130K/yr

AVP, SBA Portfolio Manager The AVP, Community SBA Portfolio Manager is responsible for managing and ... Strong attention to detail and risk management mindset * Ability to manage multiple priorities in a ...

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.

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.

Team One Credit Union

AVP of Finance

Chicago, IL · On-site

$120 - $190/hr

The AVP of Finance is responsible for strategic financial analysis, forward‑looking risk ... Asset/Liability Management (ALM), interest rate risk, and liquidity positioning * Capital adequacy ...

AIG

Actuary & AVP - Management Liability

Chicago, IL · On-site

$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 ...

Fay Servicing

AVP, Quality Assurance

Rosemont, IL · On-site

$71K - $92K/yr

The AVP ensures the QA Specialist Team reviews and reports on the adherence to company procedures ... risk management experience * 5 + years in one or all of the following: foreclosure, escrow ...

Fay Servicing

AVP, Quality Assurance

Rosemont, IL · Hybrid

$71K - $92K/yr

The AVP ensures the QA Specialist Team reviews and reports on the adherence to company procedures ... risk management experience * 5 + years in one or all of the following: foreclosure, escrow ...

The Hartford

AVP Applied AI

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 ...

Synchrony

AVP, Model Validation

Chicago, IL · On-site

The AVP, Model Validation is responsible for model validation and ensure they are meeting Model Risk Management policies, standards, procedures as well as regulations (OCC2011-12/SR 11-7). This role ...

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 ...

next page

Showing results 1-20

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 26, 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
Infographic showing various Avp Risk Management job openings in Chicago, IL as of July 2026, with employment types broken down into 100% Full Time. Highlights an 76% In-person, 12% Hybrid, and 12% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.
AVP Risk Manager, Reporting

AVP Risk Manager, Reporting

Zurich Insurance Group

Schaumburg, IL • On-site

Full-time

Posted yesterday

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 provides independent oversight, objective review, and guidance of business unit risk activities to ensure strong governance, regulatory alignment, and adherence to enterprise risk management standards. This role is responsible for leading and supporting key risk governance processes, partnering with business stakeholders, and delivering timely, high-quality risk insights and reporting.
  • Lead and support risk and control reporting for local executives, including coordination, review, and follow-up on key risk outputs.
  • Support local risk & control and Assurance Coordinator activities to ensure effective governance, alignment, and execution of risk-related deliverables.
  • Oversee and contribute to the ZAIC Quarterly Risk Report process, ensuring quality, completeness, and timely delivery of risk inputs and reporting.
  • Serve as the risk partner for the US Joint Venture and other local business units, providing oversight, guidance, and challenge on risk matters and governance activities.
  • Support ORSA activities, including coordination, review, and consolidation of inputs to enable effective risk assessment and enterprise reporting.

Basic Qualifications:
  • Bachelors 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 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%.
We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]
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

Apply