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Vice President Risk Management Jobs in Illinois (NOW HIRING)

PDP Group, Inc.

VP - General Liability

Chicago, IL

... and risk information; further communicate findings and analysis to senior management. Initiate ... Provide SVP and Management with custom management information (MI), including but not limited to ...

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Vice President Risk Management information

See Illinois salary details

$42.2K

$152.7K

$268.9K

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

As of Aug 22, 2026, the average yearly pay for vice president risk management in Illinois is $152,652.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,400.00 and $184,100.00 per year, depending on experience, location, and employer.

What does a vice president risk management do?

A Vice President of Risk Management is responsible for identifying, assessing, and mitigating risks that could impact an organization's financial performance, reputation, or operations. They develop strategies and policies to manage risks related to compliance, financial markets, operations, and industry regulations. Additionally, they often lead teams, collaborate with other executives, and ensure that the company adheres to best practices in risk mitigation. Their work helps protect the organization from potential losses and ensures long-term business stability.

What are some common challenges faced by a vice president risk management and how can they be addressed?

A Vice President of Risk Management often faces the challenge of balancing regulatory compliance with the organization's strategic objectives. Keeping up with evolving regulations, managing cross-departmental communication, and implementing comprehensive risk assessment frameworks are key hurdles. Addressing these challenges requires continuous professional development, fostering a strong risk-aware culture across teams, and leveraging advanced risk management technologies. Successful VPs also prioritize regular collaboration with legal, finance, and operational leaders to ensure risks are identified and mitigated early.

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

To thrive as a Vice President of Risk Management, you need deep expertise in risk analysis, regulatory compliance, financial modeling, and a relevant degree—often supported by certifications like FRM or CRM. Familiarity with risk assessment software, enterprise risk management (ERM) platforms, and quantitative analysis tools is typically required. Strong leadership, strategic thinking, and excellent communication skills help drive risk culture and collaborate with executive stakeholders. These competencies are crucial to effectively identify, mitigate, and communicate risks, ensuring the organization's resilience and regulatory alignment.

What is the difference between Vice President Risk Management vs Risk Analyst?

AspectVice President Risk ManagementRisk Analyst
CredentialsBachelor's/Master's in Finance, Risk Management, or related fields; certifications like FRM or CRMBachelor's degree in Finance, Economics, or related fields; certifications like FRM are a plus
Work EnvironmentExecutive-level, strategic planning, leadership roles in corporate officesAnalytical, data-driven roles often in offices or financial institutions
Employer & IndustryFinancial institutions, corporations, insurance companiesFinancial firms, banks, insurance companies, consulting firms

The Vice President Risk Management holds a senior leadership role focused on strategic risk oversight, while a Risk Analyst performs detailed risk assessments and data analysis. The VP sets policies and directs teams, whereas the Risk Analyst supports these efforts through analysis and reporting.

What are the most commonly searched types of Risk Management jobs in Illinois?

The most popular types of Risk Management jobs in Illinois are:

What are popular job titles related to Vice President Risk Management jobs in Illinois?

For Vice President Risk Management jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Vice President Risk Management jobs in Illinois look for?

The top searched job categories for Vice President Risk Management jobs in Illinois are:

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

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

Vice President Risk Management jobs near you
Infographic showing various Vice President Risk Management job openings in Illinois as of August 2026, with employment types broken down into 96% Full Time, and 4% Part Time. Highlights an 93% In-person, 2% Hybrid, and 5% Remote job distribution, with an average salary of $152,652 per year, or $73.4 per hour.

Vice President of Finance & Administration

Cephas Consultancy Services Private Limited

Crystal Lake, IL • On-site

$150 - $230/hr

Other

Re-posted 3 days ago

Job description

Vice President of Finance & Administration

Cephas Consultancy Services Private Limited, Crystal Lake, Illinois, United States

About this Position

The Vice President of Finance and Administration provides executive leadership for the company's financial and administrative operations. This position oversees accounting, budgeting, forecasting, treasury, risk management, human resources, information technology, and administrative services while partnering with operations to maximize profitability across hauling, aggregate production, and construction materials businesses. The VP develops financial strategies, ensures regulatory compliance, manages capital investments, and provides timely financial reporting to executive leadership and ownership. The Vice President serves as a strategic advisor to the President and executive leadership team, providing financial analysis, operational insight, and recommendations that support informed business decisions, profitability, and organizational performance.

Responsibilities
  • Lead all financial operations, including budgeting, forecasting, cash flow management, and financial reporting.
  • Develop long‑term financial strategies that support business growth, acquisitions, and capital investments.
  • Oversee accounting, payroll, accounts payable/receivable, tax compliance, and audits.
  • Monitor profitability by business line, including hauling, aggregate production, and material sales.
  • Analyze operating costs such as fuel, fleet maintenance, equipment utilization, labor, and quarry operations.
  • Manage banking relationships, financing, and capital expenditures for heavy equipment and facilities.
  • Ensure compliance with environmental, OSHA, DOT, MSHA, EPA, and other regulatory financial reporting requirements.
  • Supervise administrative functions such as human resources, information technology, risk management, insurance, and office operations.
  • Establish internal controls and improve financial systems and operational processes.
  • Provide financial analysis and recommendations to the CEO, owners, and executive leadership team.
  • Oversee the company's organizational structure by evaluating and improving reporting relationships, administrative processes, departmental alignment, and workforce planning to support operational goals.
  • Develop organizational strategies, enhance cross‑functional collaboration, improve business processes, and ensure the company is structured to achieve long‑term growth and operational excellence.
  • Build, lead, and coach high‑performing teams by fostering a culture of accountability, collaboration, and continuous improvement.
  • Mentor and develop managers and team members, identifying succession planning opportunities, supporting professional growth, setting clear performance expectations, and empowering employees to achieve individual and organizational goals.
  • Design, implement, and evaluate employee compensation and incentive programs that align individual and team performance with the company's strategic objectives.
  • Develop performance‑based incentive plans, establish measurable key performance indicators, monitor program effectiveness, and recommend adjustments to drive productivity, employee engagement, retention, profitability, and operational excellence.
Skills & Knowledge
  • Strong knowledge of cost accounting, fleet management metrics, inventory valuation, and project/job costing.
  • Proficiency with ERP/accounting systems and advanced financial modeling.
Experience
  • 10–15+ years of progressive financial leadership experience.
  • Experience in construction, aggregates, mining, transportation, or heavy equipment industries.
Education & Certifications
  • Bachelor's degree in accounting, Finance, or Business Administration (MBA preferred).
  • CPA.
  • Public Accounting experience.
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