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Vice President Operational Risk Jobs in Itasca, IL

Abri Credit Union

Vice President Lending

Romeoville, IL

$125K - $135K/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 ...

Bally's

Vice President - Resort Operations

Chicago, IL · On-site

$180 - $200/hr

... the operational foundation before the first guest ever walks through the door. What You Will Own ... Oversee VP of Facilities and full campus operations; protect the integrity of a $1.7 billion asset

Abri Credit Union

Vice President Lending

Romeoville, IL · On-site

$125K - $135K/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 ...

Abri Credit Union

Vice President Lending

Romeoville, IL · On-site

$125K - $135K/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 ...

ECHO

Vice President-IT

Lake Zurich, IL · On-site

$245K/yr

... operational technology capabilities, enable data-driven decision-making, and deliver scalable ... Establish and maintain a strong cybersecurity, risk management, and compliance program that ...

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Vice President Operational Risk information

See Itasca, IL salary details

$66.7K

$151.7K

$257K

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 Itasca, IL is $151,677.00, according to ZipRecruiter salary data. Most workers in this role earn between $112,500.00 and $180,100.00 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 job categories do people searching Vice President Operational Risk jobs in Itasca, IL look for? The top searched job categories for Vice President Operational Risk jobs in Itasca, IL are:
What cities near Itasca, IL are hiring for Vice President Operational Risk jobs? Cities near Itasca, IL with the most Vice President Operational Risk job openings:
Vice President Operational Risk jobs near you

Vice President - Resort Operations

Bally's Corporation

Chicago, IL • On-site

$180K - $200K/yr

Other

Re-posted 6 days ago

Bally's rating

6.6

Company rating: 6.6 out of 10

Based on 65 frontline employees who took The Breakroom Quiz

14th of 15 rated gambling companies

Job description

Description

This is not a job posting. It is an invitation.

There are operators, and then there are architects. The ones who do not just run a property -- they shape what it becomes. Who know the difference between managing a hotel and building one from the inside out.

This is a role for the latter.

Bally's Chicago is a $1.7 billion integrated resort rising along the Chicago River -- 500 hotel rooms, 50,000 square feet of convention space, a 3,000-seat entertainment venue, a two-acre park, 2,000 feet of riverwalk, and a casino that will redefine gaming in one of the great American cities. We are seeking a Vice President of Resort Operations to build the operational foundation before the first guest ever walks through the door.

What You Will Own

  • Pre-Opening: Design and implement all SOPs, service standards, and systems integrations from the ground up; lead team selection and culture-setting across all divisions
  • Hotel Operations: Full oversight of 500 rooms including Front Office, Bell, Concierge, and all guest-facing touchpoints; drive occupancy, RevPAR, and guest satisfaction
  • Housekeeping: Establish cleanliness standards, turn protocols, and labor models that set the benchmark for Chicago hospitality
  • Facilities: Oversee VP of Facilities and full campus operations; protect the integrity of a $1.7 billion asset
  • Spa and Retail: Develop and operate the resort spa and all retail outlets; build revenue through programming, packaging, and upsell culture
  • Valet and Parking: Own arrival and departure; establish throughput protocols and service standards for a high-volume downtown environment
  • Financial Performance: Own departmental P&L, labor models, and budget; use data to benchmark against best-in-class resorts
  • Partner Coordination: Primary bridge between resort operations, Levy Restaurants, Casino, Convention, and Entertainment leadership

#LI-TN1

Competitive Salary and Benefits Package: $180,000-200,000 base

Bonus Eligible Position

Qualifications

Experience
10+ years of progressive hospitality leadership at full service, luxury, or integrated resort properties (preferred)
Pre-opening experience - you know the demands of building something from zero (preferred)
Gaming or integrated resort background (preferred)
Demonstrated P&L ownership at VP level or equivalent (preferred)

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

What Bally's employees say

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