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Vice President Financial Risk Management Jobs in Illinois

Vice President of Finance

Glen Ellyn, IL ยท On-site

$200 - $250/hr

The Vice President of Finance will serve as a strategic partner to the President, ownership, and ... financial reporting, budgeting, forecasting, cash management, risk management, and internal ...

New

* Reports to SVP, Finance * Partners with President, Broadcasting * Frequent interaction with EVP, ... Supported by 1 - 2 financial analyst, managers and/or directors * This position will be based at ...

* Reports to SVP, Finance * Partners with President, Broadcasting * Frequent interaction with EVP, ... Supported by 1 - 2 financial analyst, managers and/or directors * This position will be based at ...

Showing results 21-40

Vice President Financial Risk Management information

What does a vice president financial risk management do?

A Vice President of Financial Risk Management is responsible for identifying, analyzing, and mitigating financial risks that could impact a company's profitability or reputation. They develop risk management strategies, implement policies to minimize exposure, and ensure compliance with regulatory requirements. This role often involves working closely with executive leadership, overseeing risk assessment teams, and collaborating with departments such as finance, compliance, and audit. The VP also monitors market trends and financial data to proactively address potential threats and opportunities.

What are the key skills and qualifications needed to thrive as a vice president financial risk management?

To thrive as a Vice President of Financial Risk Management, you need deep expertise in risk analysis, financial modeling, and regulatory compliance, typically supported by an advanced degree in finance, economics, or a related field. Familiarity with risk management software, statistical tools like SAS or R, and relevant certifications such as FRM or CFA is often required. Exceptional leadership, strategic thinking, and strong communication skills help drive effective risk strategies and build cross-functional trust. These skills ensure robust risk mitigation, regulatory adherence, and organizational stability in a complex financial environment.

What are some common challenges faced by a vice president financial risk management when aligning risk strategies across multiple business units?

A Vice President of Financial Risk Management often encounters the challenge of ensuring consistent risk policies and practices across diverse business units, each with its own objectives and risk tolerance. Coordinating communication and collaboration between teams, standardizing risk assessment methodologies, and balancing centralized oversight with unit-level flexibility are typical hurdles. These challenges require strong leadership, cross-functional influence, and the ability to translate complex risk concepts into actionable strategies that support both compliance and business goals.

What is the difference between Vice President Financial Risk Management vs Risk Manager?

AspectVice President Financial Risk ManagementRisk Manager
CredentialsAdvanced degrees (MBA, CFA), professional certifications (FRM, CFA)Bachelor's or master's degree, relevant certifications (FRM, CRM)
Work EnvironmentStrategic leadership, executive meetings, cross-department collaborationOperational risk assessment, reporting, and compliance tasks
Employer & Industry UsageFinancial institutions, large corporations, investment firmsBanks, insurance companies, corporate risk departments

The Vice President Financial Risk Management typically oversees strategic risk policies and leads risk teams at an executive level, while Risk Managers focus on day-to-day risk assessment and mitigation. Both roles require similar certifications but differ in scope, responsibility, and seniority within the organization.

What are the most commonly searched types of Financial Risk Management jobs in Illinois?

The most popular types of Financial Risk Management jobs in Illinois are:

What cities in Illinois are hiring for Vice President Financial Risk Management jobs?

Cities in Illinois with the most Vice President Financial Risk Management job openings:

Infographic showing various Vice President Financial Risk Management job openings in Illinois as of July 2026, with employment types broken down into 1% As Needed, 79% Full Time, 15% Part Time, and 5% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution.

Vice President of Finance

Socket.dev

Glen Ellyn, IL โ€ข On-site

$200 - $250/hr

Other

Posted 3 days ago

New


Job description

Dreisilker Electric Motors, Inc. is seeking an experienced and strategic Vice President of Finance to join our executive leadership team.

As a family-owned company, we value integrity, accountability, collaboration, and long-term relationships. We are proud of the business we have built, and we are looking for the right financial leader to help us grow responsibly, improve profitability, strengthen our financial controls, and prepare the organization for its next chapter.

This is more than a traditional accounting leadership position. The Vice President of Finance will serve as a strategic partner to the President, ownership, and executive leadership team. The successful candidate will bring the financial knowledge, operational understanding, and forward-looking strategy needed to turn financial information into clear business decisions.

The Opportunity

The Vice President of Finance will lead the companyโ€™s financial strategy and oversee accounting operations, financial reporting, budgeting, forecasting, cash management, risk management, and internal controls.

This individual will work closely with leaders throughout the company to identify opportunities to improve margins, optimize working capital, strengthen processes, increase efficiency, and support sustainable growth.

The ideal candidate is a hands-on financial leader who can understand the details while maintaining a broad strategic perspective. They will be comfortable evaluating inventory, work in process, costing, pricing, labor, operational performance, and profitabilityโ€”and translating those findings into practical recommendations.

Key Responsibilities
  • Serve as a strategic financial partner to the President, ownership, and executive leadership team.
  • Develop financial strategies that support profitable growth, operational efficiency, and long-term business objectives.
  • Lead budgeting, forecasting, financial modeling, and performance reporting.
  • Oversee accounting operations, financial reporting, cash management, and internal controls.
  • Provide leadership over inventory accounting, WIP, costing, margin analysis, and working capital.
  • Analyze profitability by customer, product, project, branch, and business segment to identify opportunities for improvement.
  • Partner with Operations, Sales, Purchasing, and other leaders to improve margins, productivity, and overall business performance.
  • Strengthen financial processes, controls, ERP capabilities, and reporting tools to improve accuracy and scalability.
  • Evaluate investments, pricing decisions, capital expenditures, and other strategic growth opportunities.
  • Lead, mentor, and develop the Finance and Accounting team while building a culture of accountability and data-driven decision-making.
Requirements
  • Bachelorโ€™s degree in Accounting, Finance, Business, or a related field.
  • CPA, CMA, or MBA preferred.
  • At least 10 years of progressive accounting and finance experience, including significant leadership responsibility.
  • Experience as a Vice President of Finance, Controller, Director of Finance, or similar senior financial leader.
  • Strong experience in a manufacturing, distribution, industrial, or project-based business environment.
  • In-depth knowledge of inventory accounting, WIP, standard or job costing, margin analysis, and working-capital management.
  • Strong understanding of GAAP, financial reporting, accounting principles, and internal controls.
  • Experience leading budgeting, forecasting, financial modeling, and strategic-planning processes.
  • A proven ability to identify and implement initiatives that improve profitability, cash flow, efficiency, and scalability.
  • Strong analytical and problem-solving skills, with the ability to turn complex financial information into clear recommendations.
  • Experience with ERP systems, financial reporting tools, Microsoft Excel, and process automation.
  • Strong leadership and communication skills, with the ability to work effectively across all levels of the organization.
  • A collaborative, hands-on leadership style and the ability to balance strategic thinking with attention to detail.
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