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Vice President Of Risk Management Jobs in Springfield, MA

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Vice President Of Risk Management information

See Springfield, MA salary details

$43.3K

$157K

$276.5K

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

As of Aug 26, 2026, the average yearly pay for vice president of risk management in Springfield, MA is $156,981.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,600.00 and $189,300.00 per year, depending on experience, location, and employer.

What does a vice president of risk management do?

A Vice President of Risk Management oversees an organization's risk management policies and strategies to identify, assess, and mitigate potential risks that could impact the company's operations, reputation, or financial standing. They lead a team responsible for analyzing risks related to finance, compliance, operations, and other key areas, and develop plans to minimize negative outcomes. This role often involves collaborating with senior leadership to ensure risk awareness across the organization and implementing best practices for risk prevention and response.

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

To excel as a Vice President of Risk Management, you need deep expertise in risk assessment, regulatory compliance, financial analysis, and typically a degree in finance, business, or a related field—often supplemented by advanced certifications like FRM or CRM. Mastery of risk management software, data analytics tools, and familiarity with GRC (governance, risk, and compliance) systems is crucial. Outstanding leadership, strategic thinking, and communication skills enable effective team management and stakeholder engagement. These competencies are vital for proactively identifying threats, ensuring regulatory compliance, and safeguarding organizational assets.

How does a vice president of risk management typically collaborate with other departments to implement risk mitigation strategies?

A Vice President of Risk Management works closely with leaders across departments—such as finance, legal, operations, and IT—to identify potential risks and develop effective mitigation strategies. This often involves leading cross-functional meetings, providing training, and ensuring everyone understands their role in risk management processes. Strong communication and relationship-building skills are essential, as the VP must align diverse teams toward common risk objectives. This collaborative approach helps ensure risk policies are effectively integrated into daily operations and long-term planning.

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

AspectVice President Of Risk ManagementRisk Manager
CredentialsTypically requires advanced degrees (MBA, risk management certifications)Bachelor's degree often sufficient; certifications like CRM or FRM preferred
Work EnvironmentExecutive leadership, strategic planning, cross-departmental collaborationOperational focus, risk assessment, implementing risk mitigation strategies
Industry UsageUsed in large corporations, financial institutions, insurance companiesCommon in various industries including finance, healthcare, manufacturing

The Vice President Of Risk Management holds a senior leadership role focused on strategic risk oversight, while a Risk Manager handles day-to-day risk assessment and mitigation. Both roles require risk management credentials, but the VP is more involved in executive decision-making and policy development.

What are the most commonly searched types of Of Risk Management jobs in Springfield, MA?

The most popular types of Of Risk Management jobs in Springfield, MA are:

What cities near Springfield, MA are hiring for Vice President Of Risk Management jobs?

Cities near Springfield, MA with the most Vice President Of Risk Management job openings:

Vice President / Senior Lender

Springfield, MA • On-site

Minnesota Bankers Association
Commercial Banking • 11 - 50 employees

$100 - $130/hr

Other

Posted 20 days ago


Job description

Farmers & Merchants State Bank of Springfield

101 North Marshall Avenue, Springfield, MN 56087

Job Description Position Summary

The Vice President of Loans provides strategic leadership for the Bank’s lending function, ensuring a high-quality, profitable loan portfolio while balancing regulatory requirements, shareholder expectations, and customer needs. This role oversees lending operations, develops lending staff, and serves as a member of the Bank’s senior leadership team.

Essential Duties and Responsibilities

The Vice President of Loans develops and maintains lending policies that support strong credit quality, profitability, regulatory compliance, and long-term growth. The position monitors economic, agricultural, and commercial trends and recommends lending and risk management strategies that align with the Bank’s objectives. Working closely with senior leadership and the Asset Liability Committee (ALCO), the Vice President helps manage portfolio composition and balance sheet goals, establishes loan pricing strategies, evaluates funding sources, oversees the Allowance for Credit Losses (ACL) process, and communicates significant lending initiatives to leadership and the Board of Directors.

The position directs all lending activities and ensures compliance with Bank policies, procedures, and regulatory requirements. Responsibilities include managing agricultural and commercial loan relationships, identifying new business opportunities, conducting customer visits and annual credit reviews, monitoring portfolio performance, approving credit requests within established authority limits, participating in Loan Committee activities, and preparing reports and recommendations for senior leadership and the Board.

As a leader within the organization, the Vice President coaches and develops lending staff to promote high performance, sound credit practices, and adherence to the Bank’s values. The role provides guidance on credit decisions, portfolio management, agricultural and commercial lending practices, and risk assessment while supporting the recruitment, onboarding, training, and retention of lending personnel.

The Vice President serves as an active member of the senior leadership team, contributing to strategic planning and organizational initiatives. The position regularly presents lending, economic, and strategic information to the Board and leadership team and represents the Bank through participation in community organizations, agricultural associations, business groups, and industry events.

Education & Experience Qualifications

A bachelor’s degree in Business, Finance, Economics, Agriculture, or a related field is preferred, or an equivalent combination of education and experience. Graduate School of Banking completion or a willingness to pursue completion is desired. Candidates should possess a minimum of ten years of progressive lending experience, including significant agricultural lending and leadership responsibilities. Strong knowledge of credit administration, agricultural and commercial lending, portfolio management, regulatory compliance, and risk management is required, along with proven leadership, communication, relationship management, analytical, and decision-making skills.

Working Conditions

Work is primarily performed in a professional office environment with periodic travel to customer locations, agricultural operations, community events, and industry meetings. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.

Career Growth Opportunity

For the right candidate, this position provides a clear succession path to Senior Vice President of Loans, contingent upon demonstrated performance, leadership effectiveness and organizational needs.

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