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

Vaco LLC

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Lombard, IL · On-site

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 ...

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Chief Risk Officer information

See Chicago, IL salary details

$102K

$197.5K

$395.6K

How much do chief risk officer jobs pay per year?

As of Sep 12, 2026, the average yearly pay for chief risk officer in Chicago, IL is $197,544.00, according to ZipRecruiter salary data. Most workers in this role earn between $173,600.00 and $196,200.00 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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Chief Risk Officer jobs near you
Infographic showing various Chief Risk Officer job openings in Chicago, IL as of September 2026, with employment types broken down into 1% As Needed, 89% Full Time, 8% Part Time, and 2% Contract. Highlights an 83% Physical, 5% Hybrid, and 12% Remote job distribution, with an average salary of $197,544 per year, or $95 per hour.

Chief Financial Officer (CFO) (Northbrook)

Northbrook, IL • On-site

USA Clinics Group
201 - 500 employees
Learn more about USA Clinics Groupexternal

$300K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

This job post has expired 3 days ago. Applications are no longer accepted.

Job description

Why USA Clinics Group?

Founded by Harvard-trained physicians with a vision of offering patient-first care beyond the hospital settings, we’ve grown into the nation’s largest network of outpatient vein, fibroid, vascular, and prostate centers, with 170+ clinics across the country. Our mission is simple: deliver life-changing, minimally invasive care, close to home.

We’re building a culture where innovation, compassion, and accountability thrive. While proud of our growth, we’re even more excited about what’s ahead, and the team we’re building to get there. We look forward to meeting you!

Why You'll Love Working with us:

Rapid career advancement Competitive compensation package

Positive, team-oriented environment Work with cutting-ed technology

Make a real impact on patients’ lives Join a fast-growing, mission-driven company

Position Summary:

USA Clinics Group is seeking a highly strategic and results-driven Chief Financial Officer (CFO) to join our executive leadership team. Reporting directly to the Chief Executive Officer, the CFO will oversee all financial operations, including accounting, financial planning and analysis, treasury, budgeting, forecasting, tax, audit, revenue cycle performance, and corporate finance activities.

The CFO will be a key partner in driving organizational growth, improving operational performance, and supporting strategic decision-making across the enterprise. In addition to traditional financial leadership responsibilities, this individual will lead the financial evaluation and implementation of emerging technologies, including Artificial Intelligence (AI), automation, predictive analytics, and business intelligence solutions that improve efficiency, reduce costs, and support scalable growth.

Position Details:
  • Location: Northbrook, IL or New York, NY
  • Schedule: Full-time, Monday through Friday on-site.
  • Compensation: Up to $300,000 annually, commensurate with experience
Key Responsibilities:
  • Develop and execute the organization's financial strategy to support continued growth, profitability, and long-term business objectives.
  • Serve as a trusted advisor to the CEO and executive leadership team by providing financial analysis, recommendations, and insights that drive strategic decision-making.
  • Lead all accounting, financial reporting, budgeting, forecasting, treasury, tax, audit, and internal control functions.
  • Oversee monthly, quarterly, and annual financial reporting processes to ensure accuracy, timeliness, and compliance.
  • Manage cash flow, liquidity planning, banking relationships, debt obligations, and capital allocation strategies.
  • Drive operational efficiency initiatives through financial analysis, cost optimization, and process improvement efforts.
  • Partner with operational leadership to evaluate growth opportunities, new service lines, acquisitions, and strategic investments.
  • Monitor and improve key business performance metrics across clinical, operational, and revenue cycle functions.
  • Lead financial due diligence, business modeling, risk assessment, and investment analysis for major organizational initiatives.
  • Ensure compliance with all applicable accounting standards, regulatory requirements, and audit obligations.
  • Build, mentor, and develop a high-performing finance and accounting organization.
  • Present financial results, forecasts, and strategic recommendations to executive leadership, ownership, lenders, and external stakeholders.
  • Evaluate and lead the adoption of Artificial Intelligence (AI), automation, and advanced analytics solutions that improve operational efficiency, forecasting accuracy, and organizational performance.
  • Partner with technology, operations, and clinical leaders to identify AI-driven opportunities that reduce administrative burden, optimize workflows, enhance reporting capabilities, and create measurable business value.
  • Develop financial models and ROI analyses for technology investments, digital transformation initiatives, and enterprise automation projects.
  • Drive the implementation of business intelligence and predictive analytics tools to improve decision-making, workforce planning, profitability analysis, and financial forecasting.
  • Establish governance and financial oversight for AI and emerging technology initiatives to ensure responsible, secure, and compliant implementation.
  • Champion innovation and data-driven decision-making throughout the organization while balancing risk management and fiscal responsibility.
  • Additional duties as assigned.
Qualifications:
  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field required.
  • MBA, CPA, or other advanced financial credential strongly preferred.
  • Minimum of 10 years of progressive finance leadership experience, including senior executive-level financial management, required
  • Experience leading finance operations within a multi-site healthcare organization strongly preferred.
  • Strong understanding of healthcare finance, revenue cycle management, reimbursement models, and operational performance metrics.
  • Proven track record of building scalable financial infrastructures within high-growth organizations.
  • Experience evaluating and implementing technology, automation, AI, or digital transformation initiatives is highly preferred..
  • Exceptional strategic thinking, business acumen, and analytical skills.
  • Strong executive presence with the ability to communicate complex financial information to diverse audiences.
  • Demonstrated success developing and leading high-performing teams.
  • Excellent leadership, communication, and relationship-building skills.
Benefits:
  • Comprehensive medical, dental, and vision insurance
  • 401(k)
  • Paid Time Off
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