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Vice President Risk Management Jobs in Bolingbrook, 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 ...

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 ...

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 ...

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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Vice President Risk Management information

See Bolingbrook, IL salary details

$43K

$155.8K

$274.4K

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

As of May 28, 2026, the average yearly pay for vice president risk management in Bolingbrook, IL is $155,775.00, according to ZipRecruiter salary data. Most workers in this role earn between $113,700.00 and $187,900.00 per year, depending on experience, location, and employer.

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 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 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 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 Bolingbrook, IL? The most popular types of Risk Management jobs in Bolingbrook, IL are:
What are popular job titles related to Vice President Risk Management jobs in Bolingbrook, IL? For Vice President Risk Management jobs in Bolingbrook, IL, the most frequently searched job titles are:
What job categories do people searching Vice President Risk Management jobs in Bolingbrook, IL look for? The top searched job categories for Vice President Risk Management jobs in Bolingbrook, IL are:
What cities near Bolingbrook, IL are hiring for Vice President Risk Management jobs? Cities near Bolingbrook, 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 Bolingbrook, IL as of May 2026, with employment types broken down into 21% Full Time, 77% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 2% Hybrid, and 1% Remote job distribution, with an average salary of $155,775 per year, or $74.9 per hour.

First Vice President, Enterprise Risk Managem

Alero Financial Credit Union

Elgin, IL • On-site

$128.53K - $171.37K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Position Title: First VP of Enterprise Risk Management

Reports to: Chief Performance Officer

Grade Level: 17E

Full Salary Range: $128,528.40 - $214,214.00

Hiring Salary Range: $128,528.40 - $171,371.20

Position Summary:

The First Vice President, Enterprise Risk Management (FVP, ERM) is responsible for establishing, maintaining, and overseeing the Credit Union’s enterprise‑wide risk management framework. This role owns the Enterprise Risk Management (ERM) program and provides independent second‑line oversight of compliance, BSA/AML, and fraud risk. The FVP, ERM ensures risks are consistently identified, assessed, monitored, and reported across the organization and are escalated appropriately to executive leadership and the Board. 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:

  • Own and administer the Enterprise Risk Management (ERM) framework, including risk taxonomy, methodology, and governance.
  • Maintain the enterprise risk assessment and enterprise risk register.
  • Develop, implement, and monitor the risk appetite statement and associated metrics.
  • Aggregate enterprise risk inputs from Risk and Compliance, BSA/AML, Fraud Risk, IT, Vendor Management, and Operations.
  • Oversee issue management, including regulatory exam findings, audit issues, and remediation tracking.
  • Identify, assess, and escalate strategic, emerging, and cross‑functional risks.
  • Prepare and present consolidated enterprise risk reports to executive leadership and the Board Risk Committee.
  • Provide leadership and oversight to the Vice President, Risk and Compliance; BSA/AML Officer; and Fraud Risk Director.
  • Serve as the primary executive liaison with regulators on enterprise risk matters.
  • Ensure consistent use of the Three Lines of Defense model across the organization.
  • Promote and reinforce a strong risk‑aware culture throughout the Credit Union.
  • Perform all other duties as assigned


Qualifications:

Education and Experience

  • Bachelor’s degree required; Master’s degree or professional certifications preferred (CRCMP, CRMA, CAMS, or similar).
  • 8–12 years of progressive experience in enterprise risk management, compliance, audit, or financial services governance.

Skills and Competencies

  • Strong knowledge of NCUA regulations, FFIEC guidance, and enterprise risk best practices.
  • Demonstrated experience presenting risk information to executive leadership and Boards.

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.