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Vice President Operational Risk Management Jobs in Illinois

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Vice President Operational Risk Management information

See Illinois salary details

$66.4K

$151K

$255.8K

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

As of Aug 10, 2026, the average yearly pay for vice president operational risk management in Illinois is $150,954.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,900.00 and $179,300.00 per year, depending on experience, location, and employer.

What are some common challenges faced by a vice president of operational risk management, and how are they typically addressed?

A Vice President of Operational Risk Management often faces the challenge of balancing risk mitigation with business objectives, especially in rapidly changing regulatory environments. They must ensure that risk management frameworks are robust yet adaptable, and that teams across the organization are aligned in their understanding and implementation of risk controls. Collaboration with business units, compliance, and internal audit is essential to proactively identify and address potential risks. Regular training, strong communication, and fostering a risk-aware culture help address these challenges and drive continuous improvement.

What does a vice president of operational risk management do?

A Vice President of Operational Risk Management is responsible for identifying, assessing, and mitigating risks that could impact the operations of an organization. They develop risk management strategies, establish policies and procedures, and ensure compliance with relevant regulations. This role involves collaborating with various departments to promote a risk-aware culture and to implement effective risk controls. Additionally, they often oversee risk assessments, incident investigations, and the reporting of risk exposures to senior leadership.

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

To thrive as a Vice President of Operational Risk Management, you need deep expertise in risk assessment, regulatory compliance, and business process analysis, typically supported by a bachelor’s or master’s degree in finance, risk management, or a related field. Familiarity with risk management frameworks (such as COSO and ISO 31000), governance tools, and certifications like FRM or ORM are highly valuable. Exceptional communication, leadership, and critical thinking skills help effectively guide teams and influence organizational culture. These competencies are crucial to proactively identifying, assessing, and mitigating operational risks that could impact an organization’s performance and reputation.

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

AspectVice President Operational Risk ManagementRisk Manager
CredentialsAdvanced degrees (MBA, Risk Management certifications)Bachelor's or Master's in related fields, certifications like CRM or FRM
Work EnvironmentStrategic leadership, executive meetings, policy developmentOperational risk assessments, reporting, and implementation
Employer & Industry UsageFinancial institutions, large corporations, bankingFinancial services, insurance, corporate risk departments

The Vice President of Operational Risk Management typically oversees risk strategies at an executive level, focusing on policy and strategic risk mitigation. In contrast, Risk Managers handle day-to-day risk assessments and operational controls. Both roles require risk management credentials and are vital in financial and corporate sectors, but the VP role involves higher-level decision-making and leadership responsibilities.

What cities in Illinois are hiring for Vice President Operational Risk Management jobs? Cities in Illinois with the most Vice President Operational Risk Management job openings:
Vice President Operational Risk Management jobs near you

Vice President of Quality and Patient Safety

OMNIA Healthcare Group

Lincolnwood, IL • On-site

$160K - $190K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 10 days ago

Job description

) Omnia Healthcare Group is seeking a Vice President of Quality and Patient Safety to join their team! The Vice President of Quality and Patient Safety reporting to the Chief Strategy Officer and General Counsel, provides leadership of and is accountable for the quality assessment and performance improvement (QAPI) programs in accordance with the organization's mission, vision, values, and strategic goals. This position develops, oversees, and analyzes the QAPI programs to ensure facilities provide resident-centered, high quality, safe, effective, efficient, timely, and equitable care. The Vice President of Quality and Patient Safety provides trends, analysis, and advice to other department heads to develop organizational strategic goals for quality and improvement and mitigation of risk. This position works with all members of leadership to achieve optimal resident care.
Don't miss out on this incredible opportunity to join the Omnia Healthcare Group team and make a real difference in the lives of others. Apply today and take the first step towards a rewarding career as a Vice President of Quality and Patient Safety with us at Omnia.
Vice President of Quality and Patient Safety Duties and Responsibilities:
  • Oversees the development and the implementation of the organization's quality assessment and performance improvement (QAPI) programs in alignment with regulatory requirements and the organization's strategy.
  • Develops, monitors, trends, and analyzes clinical quality targets and metrics, and designs plans to address gaps using research-based, industry-accepted quality improvement methods and resources.
  • Reports on trends and analyses of performance on clinical quality and patient safety metrics.
  • Works with other department leaders to create a culture of quality improvement and safety.
  • Develops short- and long-term strategic plans regarding quality improvement, root cause analysis, and patient safety. Ensures strategies align with patient needs, regulatory requirements, and industry-accepted best practices. Effectively supports the achievement of the organization's objectives and mission.
  • Leverages and evaluates health care technology and/or clinical information management systems to optimize quality improvement and patient care.
  • Advises the clinical and operations teams on establishing key performance indicators and clinical goals to improve quality and manage risk.
  • Develops and maintains strong relationships with other executives, department heads, clinical team members, and staff to ensure effective, proactive, and ongoing communication.
  • Participates in the development, implementation, and revision of policies and procedures to accomplish the organization's quality and risk management initiatives.
  • Advises on, and participates in, Joint Commission, state, and any other survey responses.
  • Maintains current knowledge of all federal, state, and local laws, regulations, and standards as they relate to long-term care QAPI and survey requirements.
  • Responsible for understanding and adhering to the organization's Code of Conduct and for ensuring that personal actions, and the actions of employees supervised, comply with the policies, regulations and laws applicable to the organization's business.
  • All other duties as assigned.

Vice President of Quality and Patient Safety Skills and Abilities:
  • Exceptional leadership ability, teamwork, problem-solving, and decision-making skills
  • Strong Microsoft office skills and proficiency in using healthcare management software
  • Strong strategic and analytical orientation with the ability to translate strategy and vision into tangible goals and programs
  • Quality Assessment & Performance Improvement (QAPI): Lead quality improvement initiatives, monitor clinical outcomes, and drive continuous performance improvement.
  • Patient Safety & Risk Management: Oversee patient safety programs, conduct root cause analyses, and ensure regulatory compliance.
  • Executive Leadership & Strategic Planning: Develop strategic quality initiatives, lead cross-functional teams, and align organizational goals with quality outcomes.

Vice President of Quality and Patient Safety Education and Experience:
  • Preference given to those with a bachelor's or master's degree in nursing (BSN/MSN), master's degree in social work (MSW), or registered nurse (RN) or social work license (LCSW) in a state where at least one facility is located
  • Preference given to those with master's degree in a healthcare-related field or enterprise risk management
  • Minimum of 6 years' experience working in the healthcare industry, with preference given to those with experience in long-term care
  • Previous experience in healthcare QAPI or risk management, with preference given to those who have 4 years progressively responsible leadership experience
  • Knowledge of the long-term care industry with knowledge of state and federal regulations and regulatory compliance
  • Experience in change management, root cause analyses, clinical policy and procedure development, and quality improvement methods
  • Proven track record of effectively leading a performance- and outcomes-based program and staff

Physical Requirements:
  • Ability to travel to skilled nursing facilities.
  • Walking, reaching, bending, lifting, extended sitting, grasping, fine hand coordination, pushing and pulling, ability to distinguish smells and temperatures, all with or without the aid of mechanical devices is required.
  • Limited potential for exposure to environmental hazards. Understanding and adherence to company safety standards and protocols required.
  • Meet all health requirements as needed.
  • Dialogue concerning ADA reasonable accommodations are always available upon request - i.e. the interactive process.

Omnia Healthcare Group Full-Time Benefits:
  • Competitive Compensation
  • 401(k) with company match
  • Medical Insurance
  • Dental, Vision, and Disability insurance
  • Employee Assistance Program (EAP)
  • Employee Discount Program
  • Innovative Training Programs
  • Opportunity for Growth and Advancement
  • Paid Time Off
  • And much more!

Apply to join a growing team today!
Omnia Healthcare Group is the home office that supports over 40 skilled nursing facilities and rehabilitation centers. Omnia is dedicated to cultivating a work environment that is supportive, inclusive, and empowering. Our goal is to equip our employees with the necessary resources, training, and knowledge they deserve.
By nurturing a culture of respect, collaboration, and continuous growth, we enable our healthcare professionals to deliver the highest quality care. Together, we strive for excellence, ensuring that our team is motivated, inspired, and equipped to provide compassionate and personalized healthcare services to our community.
Omnia Healthcare Group is an Equal Opportunity Employer and does not discriminate based on any protected right such as race, color, nationality, gender, age, disability or any protected applicable right under the National Labor Relations Act.

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