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Vice President Risk Management Jobs in Chicago, IL

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Vice President Risk Management information

See Chicago, IL salary details

$44.8K

$162.3K

$285.9K

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

As of Sep 3, 2026, the average yearly pay for vice president risk management in Chicago, IL is $162,281.00, according to ZipRecruiter salary data. Most workers in this role earn between $118,500.00 and $195,700.00 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 Chicago, IL?

The most popular types of Risk Management jobs in Chicago, IL are:

What are popular job titles related to Vice President Risk Management jobs in Chicago, IL?

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

What job categories do people searching Vice President Risk Management jobs in Chicago, IL look for?

The top searched job categories for Vice President Risk Management jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Vice President Risk Management jobs?

Cities near Chicago, 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 Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $162,281 per year, or $78 per hour.

Senior Vice President, Risk & Portfolio Analytics

Unison Risk Advisors

Chicago, IL • On-site

$120K - $200K/yr

Full-time

Re-posted 10 days ago

Job description

Senior Vice President, Risk & Portfolio Analytics- Job Description  

Position Summary 

The Senior Vice President, Risk & Portfolio Analytics exists to lead and own the analytics capability across Avoca Risk and its affiliated MGAs. The role is accountable for delivering data-driven portfolio insights, pricing discipline, and performance analytics that support underwriting strategy, capital allocation, and business growth. This position owns a critical enterprise capability spanning actuarial oversight, catastrophe modeling, business intelligence, and portfolio management, serving as both a strategic advisor and hands-on leader. The role directly supports organizational growth, underwriting performance, and scalable analytics transformation. 

Key Responsibilities 

Functional Leadership & Ownership 

  • Ownership of the enterprise analytics function across all platform MGAs.  

  • Accountability for analytics strategy, governance, and roadmap execution.  

  • Acting as a subject matter expert and primary decision-maker for portfolio analytics, pricing, and risk insights.  

  • Partnering with underwriting, finance, technology, and capital stakeholders to align analytics outputs with business needs. 

Hands-On Execution & Delivery  

  • Direct execution of deep-dive portfolio analysis, actuarial evaluations, and pricing assessments.  

  • Overseeing catastrophe modeling workflows and exposure analytics using RMS and related tools. 

  • Designing and maintaining analytics processes, reporting structures, and evaluation frameworks.  

  • Supporting product and contract reviews to ensure pricing adequacy and technical soundness. 

  • Creation and maintenance of portfolio reporting, dashboards, and KPI tracking.  

  • Ensuring accuracy, quality, and integrity of analytics outputs and data.  

  • Providing regular management reporting and ad hoc analytics for decision support.  

  • Monitoring portfolio performance, identifying risks, and resolving issues proactively. 

Cross-Functional Partnership & Integration 

  • Partnering with underwriting, finance, and technology teams to integrate analytics into business workflows.  

  • Translating complex analytics into clear, decision-ready insights for senior leadership and stakeholders.  

  • Supporting alignment across functions and ensuring analytics outputs meet downstream needs.  

  • Improving collaboration and resolving cross-functional challenges. 

Growth, Change & Special Initiatives 

  • Leading or supporting growth initiatives, new program launches, and analytics expansion efforts.  

  • Participating in planning, execution, and delivery of transformation initiatives.  

  • Building scalable processes and repeatable analytics frameworks.  

  • Ensuring continuity and alignment during organizational change. 

Process Improvement & Best Practices 

  • Identifying opportunities to enhance analytics processes, tools, and methodologies.  

  • Driving automation and scalability across reporting and modeling capabilities.  

  • Staying current on actuarial, analytics, and insurance industry best practices.  

  • Championing adoption of improved, efficient ways of working. 

Center of Excellence (COE) Contribution 

  • Contributing thought leadership and expertise to the analytics capability across the enterprise.  

  • Translating strategy into scalable analytics tools, frameworks, and processes.  

  • Developing documentation, playbooks, and standards. 

  • Partnering with functional groups to deliver integrated solutions and support change initiatives. 

Accountability 

  • Delivering effective, scalable, and strategy-aligned analytics outcomes.  

  • Maintaining high standards of quality, accuracy, and reliability.  

  • Supporting execution during growth, transformation, and change.  

  • Building strong cross-functional partnerships and demonstrating ownership and sound judgment in decision-making. 

Qualifications 

Required 

  • Significant experience within insurance, reinsurance, MGA/MGU, or brokerage environments.  

  • Strong actuarial foundation with ACAS, FCAS, or equivalent progress preferred.  

  • Knowledge of ISO-based pricing methodologies and P&C structures. Experience with RMS or other catastrophe modeling platforms.  

  • Hands-on experience with SQL, Python, Power BI, or similar tools. 

  • Demonstrated leadership and ability to build and develop teams.  

  • Strong communication and stakeholder influence skills. 

Preferred 

  • Experience leading analytics transformation or enterprise initiatives.  

  • Advanced certifications in actuarial or analytics disciplines.  

  • Experience operating in multi-entity or global environments. 

Key Competencies 

  • Strategic & Systems Thinking 

  • Ownership & Accountability 

  • Data-Driven Decision Making 

  • Process Design & Continuous Improvement 

  • Consulting, Influence & Collaboration 

  • Change Agility 

  • Business Acumen 

Compensation

The base salary range for this position is $120,000-$200,000 annually. Individual compensation will be determined based on a variety of factors including relevant experience, skills, education, and internal equity. 

Employment Type: FULL_TIME

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