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Vice President Operational Risk Jobs in Illinois

VP of Operations

Chicago, IL Ā· On-site

$186K - $225K/yr

The VP of Ops works to serve each branch and support them as they strive for operational excellence. The VP of Operations reports to the President and CEO. You'll be responsible for (but not limited ...

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Vice President Operational Risk information

See Illinois salary details

$51.6K

$153.1K

$254.3K

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

As of Aug 11, 2026, the average yearly pay for vice president operational risk in Illinois is $153,094.00, according to ZipRecruiter salary data. Most workers in this role earn between $113,100.00 and $182,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a vice president of operational risk, and why are they important?

To thrive as a Vice President Operational Risk, you need deep expertise in risk management frameworks, regulatory compliance, and financial services operations, often supported by an advanced degree and relevant certifications like FRM or CRISC. Proficiency with risk assessment tools, data analytics platforms, and governance, risk, and compliance (GRC) systems is typical. Outstanding leadership, strategic thinking, and communication skills distinguish top performers in this role. These skills are essential for effectively identifying, mitigating, and communicating operational risks to protect the organization's reputation and financial stability.

How does a vice president of operational risk typically collaborate with other departments to manage risk across the organization?

A Vice President of Operational Risk frequently works cross-functionally with departments such as compliance, internal audit, IT, and business operations to identify, assess, and mitigate potential risks. This collaboration often involves leading risk assessments, developing risk mitigation strategies, and ensuring consistent risk management practices across teams. Regular meetings, reporting, and training sessions help to align all departments with the organization's risk appetite and regulatory requirements. Such teamwork is essential for proactively addressing emerging risks and fostering a culture of risk awareness throughout the organization.

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

AspectVice President Operational RiskRisk Manager
CredentialsBachelor's/Master's in Finance, Risk Management, or related fields; certifications like FRM or CRM often preferredBachelor's degree in Finance, Risk Management, or related fields; certifications like FRM or CRM beneficial
Work EnvironmentStrategic, leadership-focused, overseeing risk policies across departmentsOperational, analyzing and managing specific risk areas within teams
Employer & Industry UsageCommon in banking, finance, and large corporations with complex risk frameworksFound across industries, including banking, insurance, and corporate sectors

The Vice President Operational Risk typically holds a senior leadership role, focusing on strategic risk oversight and policy development, while the Risk Manager handles day-to-day risk assessments and mitigation within specific areas. Both roles require relevant certifications and experience but differ mainly in scope and responsibility.

What does a vice president of operational risk do?

A Vice President of Operational Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations. They develop risk management strategies, policies, and procedures to minimize losses due to system failures, fraud, human error, or external events. This role often involves collaborating with other departments, overseeing risk assessments, and ensuring compliance with regulatory requirements. Additionally, they may lead teams and report on risk exposures to senior management. The ultimate goal is to protect the organization's assets and reputation while supporting business objectives.
What are the most commonly searched types of Operational Risk jobs in Illinois? The most popular types of Operational Risk jobs in Illinois are:
What cities in Illinois are hiring for Vice President Operational Risk jobs? Cities in Illinois with the most Vice President Operational Risk job openings:

Vice President, Information Security & Risk

The Thresholds

Chicago, IL

Full-time

Posted 3 days ago

New


Job description

The Vice President (VP), Information Security & Risk is responsible for leading the execution and continuous improvement of the Thresholds information security and risk management program. The scope of the program is the protection of Thresholds’ information and technology assets as well as Thresholds’ digital data in the cloud. The VP, Information Security & Risk is accountable for fulfilling the program’s protection and compliance requirements while enabling innovation, analytics, and digital transformation in a secure and compliant manner; provides strong technical leadership; and serves as a trusted advisor to the Chief Information Officer and agency leaders in addition to serving as the agency’s designated security official.

ESSENTIAL DUTIES & RESPONSIBILITIES:

Security Operations and Execution

  • Manages the day-to-day information security operations, including security posture and event monitoring, threat and vulnerability identification, policy violation, access control and attack surface monitoring, monitoring the effectiveness of email and URL filtering, and incident response activities.
  • Manages the remediation of security issues, policy violation, ineffective rules for access control, attack surface reduction, and email/URL filtering as well as the creation and maintenance of standard operating procedures for security operations.
  • Develops and maintains dashboard(s) of security operations KPI’s for Information Technology (IT/ITS) management review.

Application, Cloud, Digital, Infrastructure and Platform Security

  • Supports secure implementation and operation of applications, cloud services, infrastructure, and platforms (cloud, digital, end-user, and server).
  • Partners with Information Technology Services (ITS) and digital teams to incorporate needed security controls into the design, development, and deployment of Thresholds applications, cloud services, infrastructure, and platforms.
  • Performs and/or coordinates risk reviews of application and digital systems, and their underlying configurations.

Data Security and Privacy

  • Manages the IT Risk Management Program using Thresholds’ risk management tool to record and assess identified risks, assign a risk owner, track risk treatment progress in the risk register, and provide risk management reporting to ITS leadership.
  • Leads enterprise, regulatory, service provider, and project IT risk assessments.
  • Supports internal and external audits, regulatory reviews, and customer or partner security inquiries.

Policy, Awareness & Documentation

  • Owns development and enforcement of the Information Security & Risk Management Program’s policies, standards, and procedures, as well as the agency’s Acceptable Use Policies.
  • Leads or oversees security awareness and training programs for the agency and the ITS staff.
  • Maintains and improves the Incident Response Playbook.

Collaboration and Continuous Improvement

  • Serves as a trusted advisor to business units and project teams on matters related to AI security, application security, information security, network security, AI risk, IT risk, regulatory compliance, emerging threats, social engineering, data classification; promoting security as a mission enabler for Thresholds.
  • Promotes a strong, practical security/risk culture that balances protection with usability and business needs.
  • Influences decisions by clearly articulating risk, tradeoffs, and recommendations.

Program Leadership and Strategy Execution

  • Embeds security by design principles into system implementations, vendor selection, and operational processes.
  • Translates security strategy into actionable roadmaps, initiatives, and measurable outcomes.
  • Stays current on evolving AI and cyber threats, data protection practices, and regulatory requirements.

Vulnerability and Threat Management

  • Manages the Vulnerability Management Program using Thresholds’ vulnerability management tools to identify and assess vulnerabilities, assigns a vulnerability treatment owner, tracks vulnerability treatment progress in the vulnerability register, and provides vulnerability management reporting to IT leadership.
  • Reviews threat intelligence to identify potential negative impacting issues and proactively performs remedial actions to block or avoid the threat(s).
  • Provides threat action summaries to ITS leadership.

Team Leadership and Development

  • Directly manages, mentors, and develops security staff; setting performance goals and supporting career growth.
  • Provides technical guidance and decision support to security team members and cross-functional partners.
  • Helps shape workforce planning, resource allocation, and budget inputs for security initiatives.

EDUCATION:

  • Accredited bachelor’s degree in information security, Computer Science, Information Systems, or a related field (or equivalent experience) required.

EXPERIENCE:

Required

  • Minimum of seven (7) Years of progressive experience in information security, cybersecurity, data protection, or IT risk management.
  • Minimum of three (3) Years of experience leading teams or major security/risk management programs.
  • Hands-on experience with security operations, incident response, risk assessments, or compliance activities.
  • Working knowledge of security and risk frameworks (e.g., NIST, ISO 27001, CIS Controls), AI security and risk management best practices, regulatory requirements (e.g., HIPAA, PCI DSS), Microsoft security and risk management tools, identify and access management, network access controls, data loss prevention, and SIEM systems.
  • Demonstrated ability to explain security risk and control matter to non-technical audiences.

Preferred

  • Experience supporting cloud environments, SaaS platforms, or digital transformation initiatives.
  • Experience in a mid-sized, non-profit and/or regulated organization.
  • Familiarity with data analytics, and reporting tools.
  • Familiarity with computer forensic techniques.
  • Demonstrated experience partnering with leaders/senior leaders and influencing outcomes.

SKILLS/CERTIFICATIONS

  • Security certifications (e.g. CISSP, CISM, Security+, CCSP)
  • Microsoft certified
  • Demonstrated and effective analytical and problem-solving skills
  • Strong analytical and problem-solving skills
  • Practical, risk-based approach to security
  • Clear interpersonal and communication skills, both written and oral
  • Policy writing
  • Scripting languages, preferably PowerShell
  • Collaboration and relationship management
  • Attention to detail and follow-through
  • High integrity and discretion
  • Demonstrated project management and people management skills
  • Strategic execution and program ownership
  • Demonstrated effective cross-functional collaboration

What Sets Thresholds Apart:

  • Competitive pay – Salary Range: $155,000.00 - 175,000.00 annually
  • Generous PTO (9 federal holidays, 8 days of sick leave, 15-22 days personal and vacation)
  • Dental insurance, vision insurance, choice of 3 medical insurance plans
  • 403(b) retirement plan with 3% employer match 
  • Robust employee assistance program (EAP)

Thresholds is a mission-driven agency with a deep commitment to fostering an environment where all feel valued and respected, a place where every employee can be themselves, thrive, and support the agency’s mission. Click here to learn more.

One of the oldest and largest community mental health organizations in Illinois, we pride ourselves in being a Chicago Tribune Top Workplace and one of Chicago’s 101 Best & Brightest Companies to Work For, several years in a row.