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Chief Risk Officer Jobs in Arkansas (NOW HIRING)

Ohio State University

Strategy, Governance, and Risk Management (50%) * Health System Security Strategy: Develop ... Chief Information Security Officer." Additional Information: Location:Ackerman Rd, 660 (0242 ...

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Chief Risk Officer information

See Arkansas salary details

$81.9K

$158.6K

$317.5K

How much do chief risk officer jobs pay per year?

As of Sep 8, 2026, the average yearly pay for chief risk officer in Arkansas is $158,570.00, according to ZipRecruiter salary data. Most workers in this role earn between $139,300.00 and $157,500.00 per year, depending on experience, location, and employer.

What is a chief risk officer?

A chief risk officer (CRO) oversees financial risks for a business or other organization. As a CRO, your job duties involve identifying business risks, developing risk management policies, and performing risk assessments of new projects. You usually collaborate with all departments in your organization, as well as stakeholders and board members, to determine suitable levels of financial risk. It is essential to monitor company policies to ensure that all projects meet industry standards and government regulations. Chief risk officers may also be in charge of internal auditing, IT security, and insurance needs.

What is a chief risk officer?

A Chief Risk Officer (CRO) is a senior executive responsible for identifying, assessing, and mitigating risks that could impact an organization’s operations or objectives. The CRO oversees risk management strategies, ensures compliance with regulatory requirements, and works closely with other executives to develop policies that protect the company from financial, operational, and reputational harm. This role is especially important in industries such as finance, insurance, and healthcare, where risk management is critical to organizational success.

What are some common challenges a chief risk officer faces in aligning risk management strategies across different departments?

A Chief Risk Officer (CRO) often encounters challenges in ensuring that risk management policies are consistently implemented across departments with varying objectives and risk appetites. Communication gaps, differing priorities, and varying levels of risk awareness can make it difficult to create a unified risk culture. CROs must work closely with department heads to tailor risk strategies that align with business goals while maintaining compliance and minimizing exposure. Building strong relationships and fostering ongoing education are key to overcoming these challenges and promoting effective enterprise-wide risk management.

What are the key skills and qualifications needed to thrive as a chief risk officer, and why are they important?

To thrive as a Chief Risk Officer, you need deep expertise in risk management, financial analysis, regulatory compliance, and typically an advanced degree in finance, law, or business. Familiarity with risk assessment software, governance frameworks (such as COSO or ISO 31000), and relevant certifications like FRM or CRM is highly valued. Strategic thinking, leadership, and strong communication skills enable effective collaboration across executive teams and clear risk reporting. These capabilities are vital for identifying threats, safeguarding organizational assets, and ensuring sound decision-making in a complex regulatory environment.

What is the difference between Chief Risk Officer vs Risk Manager?

AspectChief Risk OfficerRisk Manager
CredentialsTypically requires advanced degrees (MBA, Master’s in Risk Management) and professional certifications (FRM, CRM)Often holds a bachelor’s degree; certifications like CRM or FRM are common but not always required
Work EnvironmentExecutive-level, strategic planning, overseeing entire risk management frameworkOperational role, implementing risk policies, analyzing specific risks
Industry UsageUsed across finance, insurance, corporate sectors at the executive levelFound in various industries, focusing on day-to-day risk assessment and mitigation

The Chief Risk Officer (CRO) is a senior executive responsible for the overall risk management strategy of an organization, requiring advanced credentials and strategic oversight. In contrast, a Risk Manager handles specific risk assessments and mitigation activities, often with less seniority and fewer certifications. Both roles are vital but differ in scope, responsibilities, and level of seniority.

How much do chief risk officers get paid?

Chief Risk Officers typically earn a median annual salary between $150,000 and $250,000, with total compensation often including bonuses and stock options. Salaries vary based on industry, company size, location, and experience, and the role requires strong analytical skills and risk management expertise.

What does a chief risk officer make?

A Chief Risk Officer (CRO) typically earns a salary ranging from $150,000 to over $300,000 annually, depending on the size of the organization, industry, and experience level. Compensation may also include bonuses, stock options, and other benefits, especially in large corporations or financial institutions.
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What job categories do people searching Chief Risk Officer jobs in Arkansas look for?

The top searched job categories for Chief Risk Officer jobs in Arkansas are:

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For Chief Risk Officer jobs in AR, the most frequently searched job titles are:

Chief Risk Officer jobs near you
Infographic showing various Chief Risk Officer job openings in Arkansas as of August 2026, with employment types broken down into 100% Full Time. Highlights an 81% In-person, and 19% Remote job distribution, with an average salary of $158,570 per year, or $76.2 per hour.

Vice President for Fiscal Affairs & Chief Financial Officer

PHILANDER SMITH COLLEGE

Little Rock, AR • On-site

$150 - $200/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago

Job description

Job DetailsJob Location: Philander Smith University - LITTLE ROCK, AR 72202Position Type: Full TimeEducation Level: Graduate DegreeSalary Range: $160,000.00 - $180,000.00 SalaryTravel Percentage: Up to 25%Job Shift: DayJob Category: ExecutivePosition Summary

Philander Smith University seeks an experienced, strategic, and highly collaborative Vice President for Fiscal Affairs & Chief Financial Officer (VPFA/CFO) to provide executive leadership for the University's financial operations, fiscal strategy, financial planning, and long-term financial sustainability.

Reporting directly to the President and serving as a member of the President's Executive Cabinet, the VPFA/CFO is the University's chief financial officer and principal advisor to the President on budgeting, accounting, treasury, liquidity, investments, debt and capital financing, financial reporting, and financial sustainability.

The CFO leads the University's financial enterprise and partners across the institution to align financial strategy, operations, and resources with University priorities.

Organizational Oversight
  • Controller's Office
  • Accounting
  • Budget and Financial Planning
  • Treasury and Cash Management
  • Accounts Payable
  • Payroll
  • Procurement and Purchasing
  • Student Accounts/Bursar
  • Financial Reporting
  • Business Services
Essential Duties and ResponsibilitiesStrategic Financial Leadership
  • Serve as the University's chief financial strategist and principal financial advisor to the President.
  • Develop long-range financial strategies and models supporting institutional priorities and sustainability.
  • Evaluate the financial implications of major institutional initiatives and advise on resource allocation.
Financial Operations and Controls
  • Direct accounting and financial operations and ensure timely monthly, quarterly, and annual financial statements.
  • Maintain financial records in accordance with GAAP and applicable standards.
  • Establish and maintain financial policies, procedures, internal controls, and appropriate segregation of duties.
  • Oversee cash management, treasury, banking relationships, investments, and liquidity planning.
Budget, Forecasting, and Enrollment Revenue
  • Lead annual operating and capital budget development and administration.
  • Maintain multi-year financial forecasts incorporating enrollment, tuition and fees, institutional aid, personnel costs, debt, capital needs, and other significant drivers.
  • Partner with Enrollment Management and appropriate offices to model enrollment, retention, discounting, net tuition revenue, housing, and auxiliary revenue.
  • Monitor budget-to-actual performance and recommend timely corrective actions.
Executive Financial Reporting and Dashboards
  • Maintain a forward-looking executive financial dashboard covering liquidity, revenues, expenses, receivables, debt, capital commitments, and major financial risks.
  • Provide regular financial reporting to the President, Executive Cabinet, Board of Trustees, and Finance & Audit Committee.
Debt, Capital Financing, and Treasury
  • Lead debt portfolio management, capital financing strategy, and long-term capital obligation planning.
  • Evaluate financing alternatives and advise the President regarding affordability, structure, timing, and risk.
  • Monitor debt covenants, debt-service requirements, and financing agreements.
Procurement, External Audit, and Systems
  • Provide executive oversight of procurement and purchasing and promote transparent, competitive, and compliant practices.
  • Coordinate the annual external financial audit and implement corrective actions within Fiscal Affairs.
  • Implement corrective actions related to financial operations and controls.
  • Lead financial-system modernization, process improvement, automation, and data-integrity initiatives.
Leadership
  • Recruit, supervise, develop, and evaluate Fiscal Affairs personnel.
  • Establish clear standards for accountability, service, responsiveness, and financial discipline.
QualificationsRequired Qualifications
  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field; master's degree preferred.
  • CPA strongly preferred.
  • Minimum ten years of progressively responsible financial leadership.
  • Demonstrated experience managing complex budgets, audits, treasury, debt, financial reporting, and financial systems.
  • Senior financial leadership experience in higher education strongly preferred.
Knowledge, Skills, and Abilities
  • Expert knowledge of financial management, GAAP, and applicable accounting standards.
  • Advanced budgeting, forecasting, financial modeling, treasury, liquidity, and analytical skills.
  • Experience with ERP systems; Ellucian Colleague preferred.
  • Excellent communication, leadership, ethical judgment, discretion, and collaborative skills.
Preferred Qualifications
  • Experience at a private institution or HBCU.
  • Experience working with governing boards and finance/audit committees.
  • Experience with endowment management, debt financing, capital projects, and enrollment-revenue modeling.
Core Competencies
  • Strategic Thinking
  • Financial Stewardship
  • Ethical Leadership
  • Transparency
  • Accountability
  • Sound Judgment
  • Collaboration
  • Change Leadership
  • Operational Excellence
  • Commitment to Student Success
Reporting and Organizational Relationships

The VPFA/CFO reports directly to the President, serves on the President's Executive Cabinet, and leads accounting, financial reporting, fiscal controls, treasury, budgeting, and financial strategy.

Institutional Expectations

The CFO is expected to connect financial strategy to institutional strategy, maintain rigorous fiscal controls, provide forward-looking analysis, and ensure University resources are deployed responsibly in support of institutional sustainability and student success.

Disclaimer

This position description describes the general nature and level of work performed and is not an exhaustive list of duties. Philander Smith University reserves the right to modify responsibilities as institutional needs evolve.

Benefits:
  • Medical, Dental, and Vision Insurance Plans
  • Short-term and Long-term Disability Coverage
  • Flexible Spending Aaccounts and Health Savings Accounts
  • Employee Assistance Program
  • 403B Retirement Savings Plan
  • Life Insurance
  • Paid Time Off
  • Tuition Reimbursement
Equal Employment Opportunity Employer

Philander Smith University is an Equal Opportunity Employer. It does not discriminate against applicants or employees based on protected characteristics, including race, color, national origin, ethnicity, religion, age, sex, gender, sexual orientation, or medical history,or on any other basis prohibited by applicable law.

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