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Chief Risk Officer Jobs in Aurora, IL (NOW HIRING)

Chief Financial Officer (CFO)

Itasca, IL · On-site

$300K - $500K/yr

The CFO will partner closely with the President/CEO and Board of Directors to ensure Darley ... The role requires evaluating trade-offs using cash flow, return on invested capital, and risk ...

Sr. Product Manager - Credit Risk

Chicago, IL · On-site +1

$120K - $180K/yr

Job Summary The Senior Product Manager will report directly to the Chief Risk Officer (CRO) of NinjaHoldings. This person will be responsible for driving the initiatives that directly impact key ...

Chief Financial Officer (CFO) A top client of ours, headquartered in the Chicago suburbs, is ... Maintain strong internal controls, risk management practices, and corporate governance standards.

Vaco is hiring a Chief Information Officer (CIO) in Lombard, IL. Location: Lombard, IL (Chicago ... Cybersecurity & Risk Management Develop and maintain a comprehensive cybersecurity strategy that ...

Showing results 21-40

Chief Risk Officer information

See Aurora, IL salary details

$94.5K

$183K

$366.5K

How much do chief risk officer jobs pay per year?

As of Sep 2, 2026, the average yearly pay for chief risk officer in Aurora, IL is $183,042.00, according to ZipRecruiter salary data. Most workers in this role earn between $160,800.00 and $181,800.00 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 job categories do people searching Chief Risk Officer jobs in Aurora, IL look for?

The top searched job categories for Chief Risk Officer jobs in Aurora, IL are:

What cities near Aurora, IL are hiring for Chief Risk Officer jobs?

Cities near Aurora, IL with the most Chief Risk Officer job openings:

Infographic showing various Chief Risk Officer job openings in Aurora, IL as of August 2026, with employment types broken down into 92% Full Time, and 8% Part Time. Highlights an 99% Physical, and 1% Remote job distribution, with an average salary of $190,120 per year, or $91.4 per hour.

Chief Financial Officer (CFO)

W S DARLEY & CO

Itasca, IL

$300K - $500K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 10 days ago


Job description

Description

W.S. Darley & Co. is seeking a seasoned Chief Financial Officer to provide financial leadership, capital discipline, and strategic insight as the company enters its next phase of growth. The CFO will partner closely with the President/CEO and Board of Directors to ensure Darley consistently makes sound, well-timed decisions around capital deployment, liquidity, and enterprise risk.


This role is designed for a judgment-oriented CFO who excels at decision framing, governance, and leadership-not a transactional or back-office operator. The CFO will be responsible for the company's financial integrity, credibility, and performance narrative, ensuring leaders and directors receive clear, decision-ready insights rather than backward-looking explanations.

Requirements

The CFO owns liquidity management and capital allocation across the enterprise, including cash forecasting, credit facilities, covenant compliance, capital expenditures, M&A activity, and supplier prepayments. The role requires evaluating trade-offs using cash flow, return on invested capital, and risk exposure rather than relying solely on margin or accounting metrics. Anticipating risks and preserving strategic and financial flexibility are core expectations.


The CFO leads the company's planning and forecasting discipline, including rolling forecasts and scenario analysis, and sets the financial structure and narrative for Quarterly Business Reviews. Business leaders are expected to clearly own their financial commitments, risks, and opportunities, with the CFO providing pressure-testing, insight, and accountability.


The CFO prepares concise, decision-oriented materials for the Board and supports governance discussions focused on trade-offs, capital decisions, and long-term value creation. Externally, the CFO serves as the primary executive interface with banking partners, insurance carriers, auditors, tax advisors, and valuation firms, maintaining proactive relationships that protect credibility and flexibility.


As a strategic partner, the CFO provides independent, fact-based perspectives on pricing strategy, market and geographic exposure, major customer and supplier decisions, and merger and acquisition opportunities, including valuation logic, deal structure, diligence, and integration risks.


The CFO is responsible for building and leading a high-performing finance organization, setting expectations for accuracy, timeliness, and true business partnership. Success in this role requires developing strong FP&A, treasury, and controllership capabilities while reviewing and coaching work rather than personally producing analyses. The CFO also partners with IT and operations to ensure reliable financial systems, clean data, and analytics that improve decision speed and quality. The company has a strong, high-performing Controller and has made meaningful progress on business continuity; the key capability the new CFO must bring is elevated financial reporting.


The ideal candidate brings senior finance leadership experience, deep expertise in liquidity and capital allocation, and experience working directly with Boards and executive teams. Strong judgment, communication skills, and the ability to lead through influence are essential.


Success in this role is defined by the absence of financial surprises, faster and clearer capital decisions, disciplined risk management, and Board-level confidence that the company's financial direction is well understood and well governed.



Experience and qualifications

  • Bachelor's degree in Finance or Accounting required
  • Master's degree in Finance or Accounting strongly preferred
  • Registered or Licensed CPA preferred
  • 10+ years of senior finance leadership experience (CFO, Divisional CFO, or equivalent), preferably with government contracting or Defense and Aerospace experience.
  • Deep expertise in liquidity management, capital allocation, and financial reporting.
  • Experience working closely with Boards of Directors and senior executives.
  • Strong judgment, communication skills, and business acumen.
  • Proven ability to lead through influence rather than control


Benefits

  • PTO
  • Paid Holidays
  • Tuition Reimbursement
  • Health & Wellness Reimbursement
  • Medical
  • Dental
  • Vision
  • Life & Disability
  • HSA with Darley contribution
  • FSA
  • 401K/Roth with match and profit sharing
  • Darley paid life insurance


AAP/EEO Statement

Darley is an equal opportunity organization. We recruit, employ, train, compensate, and promote without regard to race, religion, color, national origin, age, gender, sexual orientation, gender identity, marital status, disability, protected veteran status, or any other basis protected by applicable federal, state, or local law