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Vice President Risk Management Jobs in Illinois (NOW HIRING)

ECHO

Vice President-IT

Lake Zurich, IL · On-site

$245K/yr

The Vice President of Information Technology is a strategic enterprise leader responsible for ... Establish and maintain a strong cybersecurity, risk management, and compliance program that ...

Echo Inc

Vice President-IT

Lake Zurich, IL · On-site

$221 - $270/hr

The Vice President of Information Technology is a strategic enterprise leader responsible for ... Establish and maintain a strong cybersecurity, risk management, and compliance program that ...

Evergreen Real Estate

VP of Asset Management

Chicago, IL · On-site

$180K - $210K/yr

Establish and manage a watchlist for underperforming or high-risk assets * Develop and guide ... VP of AM needs to align with: * Commitment to Excellence: In order to succeed, we need to be the ...

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All JobsVice President Risk Management JobsVice President Risk Management Jobs in Illinois

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 21, 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, Market Risk Manager

Wedbush Securities

Chicago, IL • On-site

Full-time

Re-posted 6 days ago

Job description

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Chicago office is hiring for an experienced Vice President, Market Risk Analytics Manager FICCS to join our Risk and Credit Group. The primary function of this role is to act as a Market Risk Analytics Manager focusing on futures, options on futures, FX, power products and Fixed Income. 

Responsibilities include, but are not limited to:

  • Monitor client trading across multi-asset classes and create risk monitoring reports
  • Design SQL queries and relational databases to support daily tasks and automate reports
  • Manage team that issues intraday/overnight calls and risk limit breaches to clients, while answering and investigating any inquiries or disputes
  • Calibrate risk systems and reporting for daily monitoring and management reporting packages
  • Oversee and manage Stress Testing and 1.73 liquidation reports
  • Inspect client performances by evaluating intraday/overnight profit & losses and stress tests to identify any potential dangers and present protective measures against price fluctuations of client positions
  • Perform as a backup for daily approval of outgoing wires and ACHs
  • Manage and conduct reports on various Exchange Default Management Systems
  • Perform other tasks and duties as assigned and required

  • Bachelor's Degree from an accredited university, preferably in Business Administration or other related field
  • Minimum 10+ years of experience in futures, FX, and fixed income
  • Strong knowledge and experience in Power, Energy Futures, products and exchange requirements, standards, and best practices
  • Experience with exchange margin tools and ability to produce and analyze the margin requirements for various exchange margin platforms such as CME, ICE, Nodal, etc.
  • Familiarity with options and understanding of option strategies; experience with energy products with limit setting for contracts, margin, risk and Globex credit limits
  • Background in developing and maintaining risk policies, processes, procedures, and standards
  • Execute SQL queries and apply knowledge of database infrastructure, with experience using Tableau
  • Ability to manage across multiple competing priorities and time-sensitive initiatives
  • Strong ability to work independently, delegate duties and develop team relationships
  • Excellent written and verbal communication skills

Apply