ZipRecruiter

Log In

1

Vice President Operational Risk Jobs in Illinois

FNBC Bank & Trust

VP, Operations

West Chicago, IL · On-site

$80K - $95K/yr

JOB SUMMARY : Assist the SVP, Retail Banking & Operations, COO, and/or CFO with the overall day- to ... Develops, implements and maintains operational policies and procedures to ensure compliance with ...

CFS

Vice President

Chicago, IL · Hybrid

$110K - $120K/yr

Vice President, Fundraising Location: Chicago, IL (Hybrid) Salary: 110K - 120K A mission-driven ... Oversee fundraising operations, including CRM management, forecasting, and reporting * Ensure high ...

Abri Credit Union

Vice President Lending

Crest Hill, IL · On-site

$125K/yr

Serve as the primary credit risk officer, evaluating complex credit applications and issuing ... Oversee operational workflows for consumer and real estate lending lines to maximize efficiency and ...

New

previous page

Showing results 41-60

All JobsVice President Operational Risk JobsVice President Operational Risk Jobs in Illinois

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 are popular job titles related to Vice President Operational Risk jobs in Illinois? For Vice President Operational Risk jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Vice President Operational Risk jobs in Illinois look for? The top searched job categories for Vice President 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 Operational Risk jobs near you

Vice President of Finance & Administration

Upcoresolutions

Crystal Lake, IL • On-site

Full-time

This job post has expired today. Applications are no longer accepted.

Job description

Our client is seeking - Vice President of Finance and Administration to provide executive leadership for the company's financial and administrative operations. This position oversees accounting, budgeting, forecasting, treasury, risk management, human resources, information technology, and administrative services while partnering with operations to maximize profitability across hauling, aggregate production, and construction materials businesses. The VP develops financial strategies, ensures regulatory compliance, manages capital investments, and provides timely financial reporting to executive leadership and ownership. The Vice President serves as a strategic advisor to the President and executive leadership team, providing financial analysis, operational insight, and recommendations that support informed business decisions, profitability, and organizational performance.
Responsibilities
Lead all financial operations, including budgeting, forecasting, cash flow management, and financial reporting.
Develop long-term financial strategies that support business growth, acquisitions, and capital investments.
Oversee accounting, payroll, accounts payable/receivable, tax compliance, and audits.
Monitor profitability by business line, including hauling, aggregate production, and material sales.
Analyze operating costs such as fuel, fleet maintenance, equipment utilization, labor, and quarry operations.
Manage banking relationships, financing, and capital expenditures for heavy equipment and facilities.
Ensure compliance with environmental, OSHA, DOT, MSHA, EPA, and other regulatory financial reporting requirements.
Supervise administrative functions such as human resources, information technology, risk management, insurance, and office operations.
Establish internal controls and improve financial systems and operational processes.
Provide financial analysis and recommendations to the CEO, owners, and executive leadership team.
Oversee the company's organizational structure by evaluating and improving reporting relationships, administrative processes, departmental alignment, and workforce planning to support operational goals.
Develop organizational strategies, enhance cross-functional collaboration, improve business processes, and ensure the company is structured to achieve long-term growth and operational excellence.
Builds, lead, and coach high-performing teams by fostering a culture of accountability, collaboration, and continuous improvement.
Mentor and develop managers and team members, identifying succession planning opportunities, supporting professional growth, setting clear performance expectations, and empowering employees to achieve individual and organizational goals.
Design, implement, and evaluate employee compensation and incentive programs that align individual and team performance with the company's strategic objectives
Develop performance-based incentive plans, establish measurable key performance indicators (KPIs), monitor program effectiveness, and recommend adjustments to drive productivity, employee engagement, retention, profitability, and operational excellence.
Skills/Knowledge:

Strong knowledge of cost accounting, fleet management metrics, inventory valuation, and project/job costing
Proficiency with ERP/accounting systems and advanced financial modeling
Experience:

10–15+ years of progressive financial leadership experience
Experience in construction, aggregates, mining, transportation, or heavy equipment industries
Education: Bachelor's degree in accounting, Finance, or Business Administration (MBA and/or CPA preferred)