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Vice President Financial Risk Management Jobs in Chicago, IL

Provide independent model risk management and support for the VP of Model Risk as follows: Model ... Wintrust Financial Corporation, including community banking and financial services subsidiaries, is ...

Provide independent model risk management and support for the VP of Model Risk as follows: Model ... Wintrust Financial Corporation, including community banking and financial services subsidiaries, is ...

Supervise 3 employees (VP, Financial Modeling and AVP, Financial Modeling) Requirements: Requires a ... risk management methodologies and techniques. * 4 years of Experience with regulatory model ...

Supervise 3 employees (VP, Financial Modeling and AVP, Financial Modeling) Requirements: Requires a ... risk management methodologies and techniques. * 4 years of Experience with regulatory model ...

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Vice President Financial Risk Management information

See Chicago, IL salary details

$66.4K

$174.6K

$267.8K

How much do vice president financial risk management jobs pay per year?

As of Aug 6, 2026, the average yearly pay for vice president financial risk management in Chicago, IL is $174,648.00, according to ZipRecruiter salary data. Most workers in this role earn between $140,600.00 and $204,500.00 per year, depending on experience, location, and employer.

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 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 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 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 most commonly searched types of Financial Risk Management jobs in Chicago, IL? The most popular types of Financial Risk Management jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Vice President Financial Risk Management jobs? Cities near Chicago, IL with the most Vice President Financial Risk Management job openings:

Vice President, Financial Due Diligence

Regal Executive Search

Chicago, IL • On-site

Full-time

Re-posted 3 days ago


Job description


Vice President, Financial Due Diligence
Responsibilities & Duties:
  • General management of engagements and client relationships, providing direction and assignment of tasks to colleagues, and communicating with clients throughout the process
  • Assist team with core financial due diligence
  • Analyze financial statement information including income statement, balance sheet, cash flow and key operational data
  • Synthesize and convert data into meaningful information that is used to drive discussions with target management and drive observations and conclusions
  • Analyze net working capital, debt and debt-like items
  • Assist in creating reports (including Quality of Earnings reports) and presentations for clients that highlight the key financial, commercial and other findings facing investments and the drivers behind profits and cash flows
  • Provide guidance to clients as to how to incorporate our reports and other deliverables into the client's valuation and sale, purchase agreement, and other negotiating points
  • Be actively involved in building and maintaining client relationships and other business development opportunities
  • Design and develop work streams, often involving complex quantitative analysis and detailed financial models at various granularity levels, to drive operational and transactional insights
  • Perform final quality control of client deliverables and lead the presentation of deliverables
  • Lead meetings and conference calls in financial and business due diligence to assist with various investment and growth decisions
  • Perform detailed analyses and synthesize actionable insights from data sets and unstructured information sources
  • Effectively and efficiently communicate with Senior Vice Presidents, Principals and Managing Directors in status updates of engagements
  • Begin to participate in developing new client relationships and other business development functions
  • This position requires 10%-40% travel
  • Timing is immediate with market compensation

Qualifications & Requirements:
The candidate should have undergraduate degree in Business, Accounting, Finance or other related fields; any post graduate degree, including MAC or MBA are preferred but not required. The candidate should have 5 - 10 years of prior work experience and started their career with a national investment bank, accounting or consulting firm and have recent experience with private equity, M&A and transaction services, corporate finance, or FP&A. In addition to strong technical skills and proficiency in Microsoft Excel and PowerPoint, the candidate should be or have:
  • Proactive, motivated, and a self-starter with the ability to maintain a positive attitude while working in a demanding, deadline-driven environment
  • Dedication to teamwork and constant communication with fellow team members
  • Strong analytical, critical thinking, and project management skills with attention to detail
  • Ability to provide solution-based alternatives
  • Flexibility in the prioritization and completion of tasks
  • Ability to maintain the highly confidential nature of information pertaining to ongoing or potential transactions
  • Ability to communicate (i.e. writing, facilitating, and presenting) succinctly and sufficiently to all levels of client and management personnel
  • Knowledge of technical accounting areas such as US GAAP and SEC or Private Company reporting
  • An active Certified Public Accountant (CPA) certification or equivalent is preferred

Meet Your Recruiter
Tim Bramley