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Vice President Operational Risk Jobs in Alsip, IL

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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 ...

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Vice President Operational Risk information

See Alsip, IL salary details

$69.7K

$158.6K

$268.7K

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

As of Aug 19, 2026, the average yearly pay for vice president operational risk in Alsip, IL is $158,582.00, according to ZipRecruiter salary data. Most workers in this role earn between $117,600.00 and $188,300.00 per year, depending on experience, location, and employer.

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.

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 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.

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 job categories do people searching Vice President Operational Risk jobs in Alsip, IL look for?

The top searched job categories for Vice President Operational Risk jobs in Alsip, IL are:

What cities near Alsip, IL are hiring for Vice President Operational Risk jobs?

Cities near Alsip, IL with the most Vice President Operational Risk job openings:

Vice President Operational Risk jobs near you

Third Party Risk Control Manager - Vice President

JPMorgan Chase & Co.

Chicago, IL • On-site

$180 - $240/hr

Other

Posted 26 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 495 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks

Job description

Join our Commercial & Investment Bank (CIB) Controls team, where you’ll help shape how we identify, govern, and manage risk from a complex third-party ecosystem. You’ll play a key role in transforming risk assessments into actionable insights that protect our clients, data, and operations.

As a Third Party Risk & Controls Insights Vice President in CIB Controls, you will drive the insights agenda across the third-party lifecycle. You’ll turn assessment and monitoring outputs into meaningful narratives, themes, and recommendations. Your work will support risk acceptance and remediation prioritization, helping us maintain a strong risk posture and safeguard our reputation. You’ll collaborate with diverse teams and use your judgment and communication skills to ensure risk conclusions are clear and actionable.

Job Responsibilities
  • Compile and analyze third-party risk information, summarizing key impacts for business and Finance & Business Management (F&BM) partners.
  • Produce executive governance updates and materials for CIB controls and third-party risk forums.
  • Support third-party lifecycle reporting by following established standards for risk statements, residual risk language, materiality thresholds, and issue categorization.
  • Perform quality checks on risk assessments and monitoring outputs; flag gaps and coordinate updates with partner teams.
  • Identify recurring themes and emerging risks across the vendor portfolio and **escalate items that meet defined thresholds**.
  • Create residual risk summaries and remediation options to support risk acceptance and prioritization discussions.
  • Review and provide input on business cases for new or expanded vendor engagements, identifying opportunities to leverage existing vendors.
  • Maintain and refresh tracking for key third-party risk and control metrics (KRIs/KPIs), thresholds, and trend summaries; contribute content for dashboards and routine reporting.
  • Track third-party control issues through testing, monitoring, and closure, ensuring documentation and evidence meet standards.
  • Coordinate with Controls, Technology, Procurement, Legal, Compliance, Operational Risk, and business stakeholders to collect inputs and support a consistent view of third-party risk posture.
Required Qualifications, Capabilities, and Skills
  • Demonstrated expertise in control management within financial services, focusing on compliance and operational risk mitigation.
  • Hands‑on experience supporting third-party risk activities across the vendor lifecycle, with ability to document clear risk conclusions and support decision materials.
  • Ability to summarize assessment and monitoring results into executive‑ready updates, including key themes, emerging risks, and recommended next steps.
  • Ability to translate technical risk topics into business-friendly language, including concise risk statements and practical mitigations.
  • Strong analytical and technical literacy, including interpreting process flows, supporting KRI/KPI definition and tracking, and communicating insights.
  • Effective stakeholder management skills, partnering across controls, procurement, legal, compliance, technology, and business teams.
  • Strong written and verbal communication skills, including drafting governance materials and briefing leaders with clear messaging.
Preferred Qualifications, Capabilities, and Skills
  • Experience supporting third-party risk portfolio reporting and governance routines, including maintaining taxonomies and producing management information.
  • Ability to partner with analytics/automation teams to improve monitoring and insights for third-party risk and controls.
  • Working knowledge of operational resilience concepts, including business service mapping, recovery expectations, and dependency analysis.
  • Strong collaboration and influencing skills to reinforce standards, raise credible challenge, and support alignment on remediation priorities.
  • Understanding of the CIB business context to support third-party risk discussions and align recommendations with client, regulatory, and operational expectations.

**To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment‑based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).**

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