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Vice President Operational Risk Jobs in Chicago, IL

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VP of Operations

Chicago, IL · 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 ...

FNBC Bank & Trust

VP, Operations

West Chicago, IL

$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 ...

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All JobsVice President Operational Risk JobsVice President Operational Risk Jobs in Chicago, IL

Vice President Operational Risk information

See Chicago, IL salary details

$70.6K

$160.5K

$272K

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

As of Aug 10, 2026, the average yearly pay for vice president operational risk in Chicago, IL is $160,476.00, according to ZipRecruiter salary data. Most workers in this role earn between $119,000.00 and $190,600.00 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 Chicago, IL? The most popular types of Operational Risk jobs in Chicago, IL are:
What are popular job titles related to Vice President Operational Risk jobs in Chicago, IL? For Vice President Operational Risk jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Vice President Operational Risk jobs in Chicago, IL look for? The top searched job categories for Vice President Operational Risk jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Vice President Operational Risk jobs? Cities near Chicago, IL with the most Vice President Operational Risk job openings:
Vice President Operational Risk jobs near you
Infographic showing various Vice President Operational Risk job openings in Chicago, IL as of August 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $160,476 per year, or $77.2 per hour.

Vice President, Program Operations

Aspire Chicago

Hillside, IL • On-site

$110K - $130K/yr

Full-time

Re-posted 26 days ago

Job description

Description

Interested in this position? View the full position profile and apply HERE.


Lead Operations. Elevate Lives. Drive Impact.

At Aspire, we believe every person deserves the opportunity to live a full, meaningful life. For more than 60 years, Aspire has partnered with adults with intellectual and developmental disabilities to build lives filled with purpose, connection, and possibility.

We are seeking an experienced, strategic, and mission-driven Vice President, Program Operations to lead enterprise-wide program operations and help shape the future of person-centered services across our organization.


This is more than an operations role - it is an opportunity to influence lives, empower teams, strengthen communities, and ensure excellence across a growing, multi-site organization committed to innovation and helping ensure everyone feels included.


Executive Leadership | Operational Excellence | Mission Impact

The Vice President, Program Operations serves as the enterprise leader responsible for the quality, performance, compliance, and operational excellence of Aspire's core service lines, including:

  • Residential Services 
  • Academies 
  • Clinical Services 
  • Nursing Operations 


Reporting directly to the Chief Program Officer, the VP will drive operational rigor, strengthen accountability systems, mitigate organizational risk, and ensure exceptional person-centered experiences across a decentralized, multi-site service delivery model.

This leader will inspire and develop high-performing teams while building scalable systems that support sustainable growth, quality outcomes, regulatory excellence, and financial stewardship.


What You'll Lead

  • Enterprise Program Operations
  • Quality, Compliance & Risk Management 
  • Financial & Performance Leadership 
  • Workforce & Culture Development
  • Strategic & Cross-Functional Partnership

Requirements

What We're Looking For

  • Bachelor's degree or equivalent experience required, Master's preferred
  • 10+ years of progressive leadership experience in complex, multi-site operations 
  • Experience leading large-scale service delivery organizations with operational and financial accountability 
  • Background in regulated environments such as healthcare, behavioral health, I/DD services, or related industries 
  • Proven success improving operational performance, quality outcomes, and organizational sustainability 
  • Strong financial acumen and data-driven decision-making experience 
  • Valid Illinois driver's license with a good driving record 
  • Experience scaling operations, leading organizational growth, mergers/acquisitions, or performance improvement initiatives 


The Leadership Competencies That Matter Here

We are looking for a leader who:

  • Achieves results and drives accountability 
  • Builds strong, collaborative, high-performing teams 
  • Leads through complexity and change 
  • Tackles difficult issues with courage and integrity 
  • Cultivates innovation and operational excellence 
  • Balances strategic vision with disciplined execution 
  • Champions person-centered, mission-driven service delivery 


Why Aspire?

At Aspire, our work changes lives - including the lives of the people who work here.

You'll join a purpose-driven organization where:

  • Mission and impact guide every decision 
  • Innovation and continuous improvement are encouraged 
  • Leaders are empowered to shape the future 
  • Collaboration and compassion matter 
  • Every person is valued, respected, and supported 


If you are a strategic operator, people-centered leader, and systems thinker ready to drive meaningful impact at scale, we invite you to bring your leadership to Aspire.


Interested in this position? View the full position profile and apply HERE. 


Apply