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Vice President Risk Jobs in Illinois (NOW HIRING)

PDP Group, Inc.

VP - General Liability

Chicago, IL · On-site

... 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 ...

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Vice President Risk information

See Illinois salary details

$42.2K

$152.7K

$268.9K

How much do vice president risk jobs pay per year?

As of Sep 4, 2026, the average yearly pay for vice president risk 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 do?

A Vice President of Risk is responsible for identifying, assessing, and mitigating risks that could threaten the financial stability, reputation, or operational effectiveness of an organization. They develop risk management policies, oversee risk assessment processes, and ensure compliance with relevant regulations. This role typically involves collaborating with other departments to implement risk controls and reporting to senior executives about potential risks and their impact. Additionally, they may manage a team of risk analysts and work closely with external auditors or regulatory bodies.

How does a vice president risk typically collaborate with other departments to manage organizational risk?

The Vice President of Risk works closely with departments such as Compliance, Legal, Operations, and Finance to ensure a holistic approach to risk management. This collaboration often includes leading cross-functional risk assessments, developing mitigation strategies, and communicating risk policies across the organization. Regular meetings and reporting structures help ensure that all departments are aligned on risk priorities, enabling swift and coordinated responses to emerging threats. Effective communication and relationship-building are essential, as the VP of Risk must balance business objectives with regulatory requirements and operational needs.

What are the key skills and qualifications needed to thrive as a vice president risk, and why are they important?

To thrive as a Vice President of Risk, you need deep expertise in risk management, regulatory compliance, financial analysis, and a strong educational background, often with a degree in finance, business, or a related field. Familiarity with risk assessment tools, enterprise risk management (ERM) software, and industry certifications such as FRM or CFA are typically expected. Exceptional leadership, strategic thinking, and communication skills help navigate complex risk environments and influence organizational decision-making. These skills are crucial for proactively identifying threats, ensuring regulatory adherence, and safeguarding an organization’s assets and reputation.

What is the difference between Vice President Risk vs Risk Manager?

AspectVice President RiskRisk Manager
Required CredentialsBachelor's degree, often advanced certifications like FRM or CRM, extensive experienceBachelor's degree, certifications like FRM or CRM preferred, relevant experience
Work EnvironmentStrategic leadership in corporate settings, executive-level responsibilitiesOperational risk assessment, implementing risk mitigation strategies
Employer & Industry UsageFinancial institutions, large corporations, insurance companiesFinancial services, manufacturing, healthcare, various industries

The Vice President Risk typically holds a senior leadership role focused on strategic risk oversight at the executive level, while a Risk Manager handles day-to-day risk assessment and mitigation. Both roles require similar credentials but differ in scope, responsibility, and strategic influence within organizations.

What are the most commonly searched types of Risk jobs in Illinois?

The most popular types of Risk jobs in Illinois are:

What cities in Illinois are hiring for Vice President Risk jobs?

Cities in Illinois with the most Vice President Risk job openings:

Vice President Risk jobs near you
Infographic showing various Vice President Risk job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 85% Physical, 5% Hybrid, and 10% Remote job distribution, with an average salary of $152,652 per year, or $73.4 per hour.

Senior Vice President, Risk & Portfolio Analytics

Unison Risk Advisors

Chicago, IL • On-site

$120K - $200K/yr

Full-time

Re-posted 11 days ago

Key responsibilities

  • Own and lead the enterprise analytics function across all platform MGAs, including strategy, governance, and roadmap execution.

  • Perform deep-dive portfolio analysis, actuarial evaluations, pricing assessments, and oversee catastrophe modeling workflows.

  • Partner with underwriting, finance, and technology teams to integrate analytics into business workflows and support decision-making.

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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