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Chief Risk Officer Jobs in Virginia (NOW HIRING)

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Chief Risk Officer information

See Virginia salary details

$98.2K

$190.1K

$380.7K

How much do chief risk officer jobs pay per year?

As of Aug 18, 2026, the average yearly pay for chief risk officer in Virginia is $190,118.00, according to ZipRecruiter salary data. Most workers in this role earn between $167,100.00 and $188,900.00 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.

What cities in Virginia are hiring for Chief Risk Officer jobs?

Cities in Virginia with the most Chief Risk Officer job openings:

Infographic showing various Chief Risk Officer job openings in Virginia as of August 2026, with employment types broken down into 87% Full Time, and 13% Part Time. Highlights an 99% Physical, and 1% Remote job distribution, with an average salary of $190,118 per year, or $91.4 per hour.

Senior Business Lead (Board Reporting)

Freddie Mac

Mclean, VA • On-site

$166K - $248K/yr

Full-time

Posted 18 days ago


Freddie Mac rating

9.2

Company rating: 9.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz


Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Continue your career journey where your work contributes to a greater purpose.

Position Overview:

We are looking for a highly collaborative and strategic Senior Business Lead to join the Enterprise Risk Division Risk Reporting team. In this role, you will partner with subject matter experts across the organization to develop executive-level presentations and insights on a broad range of risk management topics. The successful candidate will bring strong project management discipline, executive communication skills, business judgment, and a solid understanding of risk management and data analytics.

Our Impact:

  • Support the Chief Risk Officer and other executives in preparing Risk Report and other Board/Risk Committee/Enterprise Risk Committee materials to the Board Risk Committee and regulators.
  • Partner across divisions to support the Chief Risk Officer to collect data and synthesize materials for the annual Treasury Risk Management Plan.
  • Facilitate Enterprise Risk Division's financial disclosure reviews.

Your Impact:

  • Produce high-quality risk reporting that enables the Board, Risk Committee, regulators, and senior leaders to make informed decisions.
  • Partner across first- and second-line teams to gather data, identify emerging trends, and monitor changes in risk exposure.
  • Monitor housing industry trends, regulatory requirements, and internal strategies to provide timely, relevant insights to the Chief Risk Officer.
  • Support Enterprise Risk Committee activities and annual Treasury Risk Plan by coordinating agendas, materials, meeting preparations, and follow-up actions.
  • Conduct quality control on risk report data.
  • Collaborate with IT and business teams to incorporate data visualizations, automation, and advanced analytics into risk reports.
  • Distill complex risk information into clear, actionable insights for the Chief Risk Officer.

Qualifications:

  • Bachelor's Degree or equivalent experience in Finance, Economics, Business, or a related field.
  • 10+ years of experience in financial services, business management, risk management, or a related discipline, with demonstrated project and stakeholder management capabilities.
  • Experience developing and supporting risk reporting for senior leadership.
  • Working knowledge of Python, data visualization tools, or analytics platforms is preferred.
  • Experience with process improvement, automation, or artificial intelligence applications is a plus.
  • CFA or FRM credential preferred.

Keys to Success in this Role:

  • Collaborative mindset with the ability to build trust across cross-functional teams and senior stakeholders.
  • Strong analytical, interpersonal, and executive communication skills.
  • Solid understanding of risk management concepts, data analysis, and business drivers.
  • High attention to detail, intellectual curiosity, and commitment to delivering high-quality work under compressed timelines.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $166,000 - $248,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.Employment Type: FULL_TIME

What Freddie Mac employees say

Pay

Hours and flexibility

Workplace

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Freddie Mac logo

About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970