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Vice President Risk Jobs in Addison, IL (NOW HIRING)

ECHO

Vice President-IT

Lake Zurich, IL · On-site

$245K/yr

The Vice President of Information Technology is a strategic enterprise leader responsible for ... Establish and maintain a strong cybersecurity, risk management, and compliance program that ...

Echo Inc

Vice President-IT

Lake Zurich, IL · On-site

$221 - $270/hr

The Vice President of Information Technology is a strategic enterprise leader responsible for ... Establish and maintain a strong cybersecurity, risk management, and compliance program that ...

ADB

Vice President, Talent Development

Chicago, IL

Vice President, Talent Development REPORTS TO: Chief Administrative Officer DIRECT REPORTS: Academy ... risk management, and customer management, delivered in 90-day sprint cohorts with senior PM ...

zerohash

VP of Engineering, Trade (Remote)

Chicago, IL · Remote

$184K - $237K/yr

About the Role zerohash is hiring a VP of Engineering to lead our Trade organization, the team ... Partner with Compliance, Risk, and Legal to ensure trading systems meet the regulatory requirements ...

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

Vice President Risk information

See Addison, IL salary details

$43.6K

$157.8K

$278K

How much do vice president risk jobs pay per year?

As of Aug 21, 2026, the average yearly pay for vice president risk 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 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 Addison, IL?

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

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

Cities near Addison, IL with the most Vice President Risk job openings:

Vice President Risk jobs near you

Vice President Lending

Abri Credit Union

Romeoville, IL • On-site

$125K - $135K/yr

Full-time

Medical, Retirement, PTO

Re-posted 16 hours ago

Job description

Vice President Lending

As our Vice President Lending, you will:

  • Serve as the primary credit risk officer, evaluating complex credit applications and issuing definitive lending decisions within established policy risk tolerances.
  • Maintain exhaustive knowledge of regulatory lending mandates; implement internal controls to align practices with consumer protection and lending laws.
  • Oversee operational workflows for consumer and real estate lending lines to maximize efficiency and accuracy from application through funding.
  • Prepare and present accurate, data-driven reports for the Asset-Liability Committee (ALCO) and the Board of Directors.
  • Serve as the primary liaison for internal/external audits and state/federal regulatory examinations, ensuring timely compilation of required documentation.
  • Drive the department to meet or exceed asset growth, loan volume, and outstanding balance metrics established by the executive leadership team.
  • Direct daily delinquency management and collections operations to protect credit union assets and minimize loan losses.
  • Conduct monthly portfolio reviews to determine and approve final loan charge-offs, ensuring accurate accounting and recovery of collateral sales.
  • Collaborate with the Loan Servicing Manager to structure complex loan workouts, short sales, and the management of Owned Real Estate Open (OREO) properties.
  • Supervise business and consumer loan servicing, including payment processing, documentation compliance, and mandatory annual commercial reviews.
  • Oversee the optimization and maintenance of core lending systems, ensuring post-closing exception tracking is resolved efficiently.
  • Continually monitor evolving HMDA, consumer lending, and collection laws to update operational manuals and policy documentation dynamically.
  • Collaborate with peer business lines to cultivate cross-selling opportunities and deepen member relationships.
  • Establish and scale strategic B2B partnerships with mortgage companies, home equity lenders, realtors, and institutional partners.
  • Evaluate the feasibility and market potential of launching a fee-based mortgage processing service model.
  • Set strategic goals, deliver regular performance evaluations, and foster a collaborative, high-performance team culture.
  • Implement robust cross-training programs and job rotation frameworks to ensure operational continuity and internal talent pipelines.

Requirements:

  • Bachelor's degree in business administration, finance, or a related field (or equivalent executive-level experience).
  • 5 to 10 years of progressive leadership experience within a full-service financial institution or mortgage banking company.
  • Familiar with secondary market guidelines (Fannie Mae/Freddie Mac), HMDA, Fair Debt Collection Practices Act (FDCPA), and federal/state lending regulations.
  • Proven track record of strategic leadership, talent development, and high-integrity decision-making.
  • Proficiency in advanced loan origination systems (LOS), core banking platforms, and Microsoft Office Suite.
  • Advanced understanding of loan restructuring, workouts, foreclosures, and short sales is highly desirable.

Benefits:

  • Our 401k Match is as high as 7.98%
  • We offer Blue Cross health insurance with up to 90% employee/70% dependent premiums paid
  • You'll:
    • accrue 12 days of vacation per year
    • be given 5 days of personal leave per year
    • be given up to 13 paid holidays per year
  • Our dress code is relaxed, business casual and company logo wear
  • We have a team of trainers to get you ready to be fabulous on the job!

For a full list of our benefits, visit https://www.abricu.com/home/careers/benefits

Pay:

$125,000–$135,000 per year

EOE

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