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Vice President Risk Management And Insurance Jobs in Illinois

Wintrust

VP Model Risk Management

Rosemont, IL

$135K - $165K/yr

... Risk Vice President to join our Model Risk Management (MRM) team in Rosemont. As a key leader in ... Benefits Medical Insurance Dental Vision Life insurance Accidental death and dismemberment Short ...

Wintrust

VP Model Risk Management

Rosemont, IL · On-site

$135K - $165K/yr

... Risk Vice President to join our Model Risk Management (MRM) team in Rosemont. As a key leader in ... Benefits Medical Insurance • Dental • Vision • Life insurance • Accidental death and ...

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Vice President Risk Management And Insurance information

What does a vice president risk management and insurance do?

A Vice President of Risk Management and Insurance is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations, assets, and reputation. They develop and implement risk management strategies, oversee insurance programs, and ensure compliance with regulations related to risk and insurance. This executive also manages claims, negotiates with insurers, and works closely with senior leadership to align risk management practices with business goals. Their work helps protect the organization from financial losses and supports long-term stability.

What are the main challenges a vice president risk management and insurance faces when aligning risk strategies with organizational goals?

A Vice President of Risk Management and Insurance often encounters the challenge of balancing proactive risk mitigation with the company’s growth objectives. This role requires continuously assessing emerging risks, such as regulatory changes or market volatility, while ensuring that insurance coverage and risk management policies support, rather than hinder, business innovation. Collaboration with executive leadership, legal teams, and operational departments is essential to develop integrated strategies that protect assets and support long-term organizational resilience.

What are the key skills and qualifications needed to thrive as a vice president risk management and insurance, and why are they important?

To thrive as a Vice President of Risk Management and Insurance, you need deep expertise in risk assessment, insurance strategy, regulatory compliance, and financial analysis, typically supported by a relevant bachelor's or master's degree and substantial industry experience. Familiarity with risk management information systems (RMIS), insurance policy administration platforms, and certifications such as CPCU or ARM are highly valuable. Strong leadership, negotiation skills, and the ability to communicate complex risk concepts to diverse stakeholders set top performers apart. These skills are crucial for protecting organizational assets, ensuring regulatory compliance, and supporting informed decision-making at the executive level.

What is the difference between Vice President Risk Management And Insurance vs Risk Manager?

AspectVice President Risk Management And InsuranceRisk Manager
CredentialsTypically requires advanced degrees (e.g., MBA), professional certifications (e.g., CRM, ARM), and extensive experienceUsually requires a bachelor's degree in risk management, finance, or related fields; certifications like CRM or ARM are common but less mandatory
Work EnvironmentExecutive-level role in corporate offices, overseeing risk strategies across departmentsOperational role, often within risk management or safety departments, focusing on implementing risk policies
Employer & Industry UsageFound in large corporations, insurance companies, and financial institutionsCommon in various industries including manufacturing, healthcare, and finance, often within corporate risk teams

The Vice President Risk Management And Insurance holds a senior leadership position responsible for strategic risk oversight, while a Risk Manager focuses on executing risk mitigation strategies. Both roles require relevant credentials, but the VP role demands more extensive experience and strategic planning skills.

What cities in Illinois are hiring for Vice President Risk Management And Insurance jobs?

Cities in Illinois with the most Vice President Risk Management And Insurance job openings:

Infographic showing various Vice President Risk Management And Insurance job openings in Illinois as of September 2026, with employment types broken down into 1% As Needed, 77% Full Time, 18% Part Time, 3% Contract, and 1% Nights. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution.

Risk Management (Insurance), Real Assets - Vice President

Chicago, IL • On-site

Blue Owl Capital Inc.
Finance and Insurance • 501 - 1,000 employees
Learn more about Blue Owl Capital Inc.external

$150K - $175K/yr

Other

Re-posted 7 days ago

Job description

## Risk Management (Insurance), Real Assets - Vice PresidentApplylocations: Chicago - 150 - 37time type: Full timeposted on: Posted 30+ Days Agojob requisition id: R-101971Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.With over $315 billion in assets under management as of March 31, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.Together with over 1,390 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com**The Role:**The Risk Management team is responsible for acquiring and maintaining lender compliant insurance programs across multiple real asset portfolios within Blue Owl. Our goal is to utilize various insurance policies, best practices, and alternative risk programs to appropriately protect Blue Owl’s investments.We are seeking a collaborative and results-oriented individual to join Blue Owl’s growing Real Assets Risk Management team. This professional will be responsible for creating and running a transaction process for the Risk Department in order to facilitate current and future transaction volume. They will also assist in the strategic development of operational insurance programs which align with Blue Owl’s investment goals.**Responsibilities:*** Manage all insurance related aspects of transaction deal flow from initiation through closing* Conduct comprehensive insurance due diligence on prospective acquisitions* Partner with the transaction teams to provide necessary insurance information and escalate potential insurance related issues in a timely manner* Lead the placement and ongoing management of property insurance programs that satisfy lender requirements* Direct the procurement and administration of liability insurance coverage in compliance with financing covenants* Develop, standardize, and improve processes related to insurance within the transaction lifecycle* Collaborate within the department to shape and execute long-term insurance strategies* Elevate traditional insurance programs to align with Blue Owl’s evolving business needs* Utilize Risk Management Information System (RMIS) manage insurance programs**Qualifications:*** 7-10 years of related experience in risk management or insurance broker role, preferably in real estate* Licensed in State of Illinois (required upon or after hire)* Bachelor’s degree required* ARM, CPCU or CRIS preferredIt is expected that the base annual salary for this Chicago based position will be $150,000 - $175,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law. #J-18808-Ljbffr

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