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Vice President Risk Management Jobs in Morton Grove, IL

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 ...

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 ...

... 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 ...

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 Morton Grove, IL salary details

$43.3K

$156.7K

$276.1K

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 Morton Grove, IL is $156,721.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,400.00 and $189,000.00 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 popular job titles related to Vice President Risk Management jobs in Morton Grove, IL? For Vice President Risk Management jobs in Morton Grove, IL, the most frequently searched job titles are:
What job categories do people searching Vice President Risk Management jobs in Morton Grove, IL look for? The top searched job categories for Vice President Risk Management jobs in Morton Grove, IL are:
What cities near Morton Grove, IL are hiring for Vice President Risk Management jobs? Cities near Morton Grove, IL with the most Vice President Risk Management job openings:
Vice President, Risk Control

Vice President, Risk Control

Gallagher

Rolling Meadows, IL • Remote

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 20 days ago


Arthur J. Gallagher & Co. rating

7.7

Company rating: 7.7 out of 10

Based on 66 frontline employees who took The Breakroom Quiz

174th of 258 rated insurance


Job description

Introduction
At Gallagher Bassett, we're there when it matters most because helping people through challenging moments is more than just our job, it’s our purpose. Every day, we help clients navigate complexity, support recovery, and deliver outcomes that make a real difference in people’s lives. It takes empathy, precision, and a strong sense of partnership—and that’s exactly what you’ll find here. We’re a team of fast-paced fixers, empathetic experts, and outcomes drivers — people who care deeply about doing the right thing and doing it well. Whether you're managing claims, supporting clients, or improving processes, you’ll play a vital role in helping businesses and individuals move forward with confidence. Here, you’ll be supported by a culture that values teamwork, encourages curiosity, and celebrates the impact of your work. Because when you’re here, you’re part of something bigger. You’re part of a team that shows up, stands together, and leads with purpose.

Overview

The Vice President, Risk Consulting is a senior leadership role responsible for developing, scaling, and leading a highimpact risk control function that delivers measurable risk improvement for clients while supporting revenue growth and retention.


How you'll make an impact
  • This individual will combine deep technical expertise in risk control with a proven ability to build teams, develop clientfacing solutions, and partner closely with commercial leaders to drive growth. 

  • A core focus of this role is to expand the delivery of Risk Control services across all Gallagher Bassett customer segments and to increase adoption and utilization of Risk Control offerings within the existing client base.
  • The role will work closely with client, sales, and operations leaders to embed risk control as a differentiated, valuecreating component of Gallagher Bassett’s solutions—demonstrating clear impact on loss performance, total cost of risk, and client outcomes. 
  • This role requires a datadriven leader who leverages analytics, loss data, and performance metrics to guide strategy, prioritize initiatives, measure effectiveness, and clearly articulate the value of risk control services. The successful candidate will use data to inform decision-making, support continuous improvement, and strengthen the linkage between risk control activities and financial and operational results.
  • The successful candidate will be both a strategic leader and handson expert—capable of setting vision, mentoring talent, and translating risk insights and data into practical, scalable solutions across diverse clients and industries. 

#LI-SD1


About You

Required Skills and Qualifications

  • Experience: Generally, requires 10+ years of experience in risk control, insurance underwriting, or safety management, with a proven record of leadership.
  • Education: A bachelor’s degree in risk management, safety and health, engineering, or a related field is typically required.
  • Technical Expertise: Deep knowledge of P&C (Property & Casualty) insurance, OSHA compliance, and safety standards.
  • Professional Designations: Preferred designations include CSP (Certified Safety Professional), ARM (Associate in Risk Management), or CPCU (Chartered Property Casualty Underwriter).
  • Leadership & Communication: Strong ability to manage remote consultants (internal and external), influence cross-functional partners such as captive and pool managers, brokers, and clients.
  • Budget Management: Assist in developing annual budget and managing resources to deliver business expectations. Monitor consultant workload, assignments, and quality of service offerings.   

Compensation and benefits

We offer a competitive and comprehensive compensation package. The base salary range represents the anticipated low end and high end of the range for this position. The actual compensation will be influenced by a wide range of factors including, but not limited to previous experience, education, pay market/geography, complexity or scope, specialized skill set, lines of business/practice area, supply/demand, and scheduled hours. On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. 

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

  • Medical/dental/vision plans, which start from day one!
  • Life and accident insurance
  • 401(K) and Roth options
  • Tax-advantaged accounts (HSA, FSA)
  • Educational expense reimbursement
  • Paid parental leave

Other benefits include:

  • Digital mental health services (Talkspace)
  • Flexible work hours (availability varies by office and job function)
  • Training programs
  • Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
  • Charitable matching gift program
  • And more...

**The benefits summary above applies to fulltime positions. If you are not applying for a fulltime position, details about benefits will be provided during the selection process.

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

Qualifications:

Required Skills and Qualifications

  • Experience: Generally, requires 10+ years of experience in risk control, insurance underwriting, or safety management, with a proven record of leadership.
  • Education: A bachelor’s degree in risk management, safety and health, engineering, or a related field is typically required.
  • Technical Expertise: Deep knowledge of P&C (Property & Casualty) insurance, OSHA compliance, and safety standards.
  • Professional Designations: Preferred designations include CSP (Certified Safety Professional), ARM (Associate in Risk Management), or CPCU (Chartered Property Casualty Underwriter).
  • Leadership & Communication: Strong ability to manage remote consultants (internal and external), influence cross-functional partners such as captive and pool managers, brokers, and clients.
  • Budget Management: Assist in developing annual budget and managing resources to deliver business expectations. Monitor consultant workload, assignments, and quality of service offerings.   
Education:UNAVAILABLEEmployment Type: FULL_TIME

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