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Vice President Operational Risk Jobs in Oak Brook, IL

FNBC Bank & Trust

VP, Operations

West Chicago, IL · On-site

$80 - $95/hr

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

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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Vice President Operational Risk information

See Oak Brook, IL salary details

$69.1K

$157.2K

$266.4K

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

As of Sep 4, 2026, the average yearly pay for vice president operational risk in Oak Brook, IL is $157,217.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,600.00 and $186,700.00 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 are popular job titles related to Vice President Operational Risk jobs in Oak Brook, IL?

For Vice President Operational Risk jobs in Oak Brook, IL, the most frequently searched job titles are:

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

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

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

Cities near Oak Brook, 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

$104K - $165K/yr

Full-time

Medical, Retirement

Re-posted 12 days ago

Key responsibilities

  • Compile and analyze third-party risk information, summarizing key impacts for stakeholders.

  • Create residual risk summaries and remediation options to support risk acceptance and prioritization.

  • Track third-party control issues through testing, monitoring, and closure, ensuring documentation meets standards.

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

77th of 174 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).**
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

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