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Vice President Risk Management Jobs in Addison, IL

Invenergy

Director, Credit Risk Management

Chicago, IL · On-site

Position Overview The Director, Credit Risk Management will report to the Senior Vice President - Risk Management and Settlements and will have enterprise accountability for the design, governance ...

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 ...

NorthShore

Assistant Vice President, Audit

Warrenville, IL · On-site

$90.48 - $140.24/hr

Assistant Vice President, Audit The Assistant Vice President, Audit is a strategic and tactical ... Integration with Enterprise Risk Management (ERM) Program: * Serve as Internal Audit's primary ...

Wintrust

Officer, Model Risk Management

Rosemont, IL

The analyst in collaboration with the VP of Model Risk Management interfaces with key stakeholders throughout validation process to discuss justification and reasoning behind validation and review ...

Wintrust

Officer, Model Risk Management

Rosemont, IL · On-site

The analyst in collaboration with the VP of Model Risk Management interfaces with key stakeholders throughout validation process to discuss justification and reasoning behind validation and review ...

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All JobsVice President Risk Management JobsVice President Risk Management Jobs in Addison, IL

Vice President Risk Management information

See Addison, IL salary details

$43.6K

$157.8K

$278K

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

As of Jun 25, 2026, the average yearly pay for vice president risk management in Addison, IL is $157,826.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,200.00 and $190,400.00 per year, depending on experience, location, and employer.

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 does a Vice President of 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 of 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 of 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 are the most commonly searched types of Risk Management jobs in Addison, IL? The most popular types of Risk Management jobs in Addison, IL are:
What job categories do people searching Vice President Risk Management jobs in Addison, IL look for? The top searched job categories for Vice President Risk Management jobs in Addison, IL are:
What cities near Addison, IL are hiring for Vice President Risk Management jobs? Cities near Addison, IL 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 Addison, IL as of June 2026, with employment types broken down into 100% Full Time. Highlights an 74% In-person, and 26% Remote job distribution, with an average salary of $157,826 per year, or $75.9 per hour.

Vice President, Risk and Compliance

ALERO FINANCIAL CREDIT UNION

Elgin, IL • On-site

$120K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago

Job description

Position Title: Vice President, Risk & Compliance

Reports to: First Vice President, Enterprise Risk Management

Grade Level: 16

Full Salary Range: $120,574.45 - $180,861.67

Hiring Salary Range: $120,574.45 - $150,718.06

Position Summary:

The Vice President, Risk and Compliance is responsible for administering the Credit Union’s Compliance Management System (CMS) and providing independent second‑line oversight of regulatory compliance risk. This role ensures compliance with applicable federal and state laws and regulations and serves as the primary subject matter expert for compliance‑related risk. Duties must be accomplished in compliance with federal and state laws and in accordance with the credit union’s policies and procedures and with constant attention to Alero’s creed, vision, mission and goals.


Duties and Responsibilities:

  • Administer and maintain the Vendor Management System (VMS).
  • Conduct, update, and document the Compliance Risk Assessment.
  • Monitor regulatory changes and ensure timely implementation across the organization.
  • Maintain and review compliance‑related policies, procedures, and disclosures.
  • Oversee compliance monitoring, testing, and validation activities.
  • Coordinate and manage regulatory compliance examinations and responses.
  • Provide compliance guidance, advisory support, and training to first‑line business units.
  • Advise executive leadership on compliance risks, trends, and emerging regulatory issues.
  • Track compliance issues and escalate material risks to the First Vice President, Enterprise Risk Management.
  • Support fair lending, UDAAP, and broader consumer protection initiatives.
  • Perform all other duties as assigned


Qualifications:

Education and Experience

  • Bachelor’s degree required; professional compliance certification preferred (CRCM, NCCO).
  • 7–10 years of experience in financial institution compliance.

Skills and Competencies

  • Strong working knowledge of consumer protection and safety‑and‑soundness regulations.
  • Proven experience managing regulatory exams and interacting with examiners.

Benefits

  • Health, Vision, Dental Insurance
  • Long-term Disability Insurance
  • Critical Illness
  • Life Insurance
  • 401(k) match
  • Profit sharing
  • PTO
  • Flexible Spending Account
  • Tuition Reimbursement
  • Pet Insurance
  • Commuter Benefit

While performing the duties of this job, the employee is frequently required to sit, view information on a computer screen, and talk or hear. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Telephone conversations may be monitored or recorded for the purposes of training, coaching, feedback and quality assurance on an unannounced basis.