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Vp Innovation Strategy Jobs (NOW HIRING)

This role focuses on enhancing operational efficiency and customer experience through AI-driven strategies. Responsibilities include leading AI innovation, collaborating with cross-functional teams ...

Tasked with bridging the gap between high-level strategy and operational reality, this leader will ... The VP, Program Innovation owns the lifecycle of all new programs--most notably the current ...

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Vp Innovation Strategy information

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$43.5K

$157.5K

$277.5K

How much do vp innovation strategy jobs pay per year?

As of Jun 3, 2026, the average yearly pay for vp innovation strategy in the United States is $157,532.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,000.00 and $190,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a VP of Innovation Strategy, and why are they important?

To excel as a VP of Innovation Strategy, you need a strong background in business strategy, innovation management, and market analysis, often supported by an advanced degree such as an MBA or a related field. Familiarity with innovation frameworks, digital transformation tools, and project management platforms like Jira or Asana is typically expected. Visionary leadership, strong communication, and the ability to foster cross-functional collaboration are standout soft skills in this role. These capabilities are crucial for driving transformative initiatives, aligning teams, and maintaining a competitive edge in dynamic markets.

How does a VP of Innovation Strategy typically collaborate with cross-functional teams to drive organizational change?

A VP of Innovation Strategy regularly partners with leaders from product development, marketing, finance, and operations to identify opportunities for innovation and align strategic initiatives across the organization. This collaboration often involves facilitating workshops, setting up cross-departmental task forces, and ensuring open communication channels to gather diverse insights. By bridging gaps between departments, the VP helps overcome resistance to change and fosters a culture of experimentation, which is essential for successful innovation. Effective collaboration not only accelerates project timelines but also ensures that new ideas are feasible and aligned with broader business objectives.

What does a VP of Innovation Strategy do?

A VP of Innovation Strategy is responsible for shaping and driving a company's innovation agenda. They identify new market opportunities, oversee the development of innovative products or services, and align innovation initiatives with overall business goals. This role involves collaborating with various departments, assessing emerging trends, and ensuring the organization remains competitive by adopting forward-thinking strategies. The VP often leads teams, manages resources, and communicates the value of innovation to stakeholders.

What is the difference between Vp Innovation Strategy vs Innovation Manager?

AspectVp Innovation StrategyInnovation Manager
CredentialsTypically requires advanced degrees (MBA, MBA, or related), extensive experience in strategic planningBachelor's or master's degree in business, marketing, or related field; some experience in innovation projects
Work EnvironmentStrategic leadership, executive meetings, cross-departmental collaborationProject management, team coordination, hands-on innovation initiatives
Employer & Industry UsageUsed in corporate, tech, and manufacturing sectors at executive levelCommon in corporate and tech sectors at managerial level

The Vp Innovation Strategy focuses on high-level strategic planning and aligning innovation with business goals, often working with executive teams. Innovation Managers handle specific projects, oversee teams, and implement innovation initiatives. While both roles require a background in business and innovation, the Vp role is more strategic and leadership-oriented, whereas the Innovation Manager is more operational and project-focused.

What cities are hiring for Vp Innovation Strategy jobs? Cities with the most Vp Innovation Strategy job openings:
Infographic showing various Vp Innovation Strategy job openings in the United States as of May 2026, with employment types broken down into 53% Full Time, 40% Part Time, and 7% Nights. Highlights an 80% Physical, 5% Hybrid, and 15% Remote job distribution, with an average salary of $157,532 per year, or $75.7 per hour.
Vice President, Innovation Banking

Vice President, Innovation Banking

Western Alliance Bancorporation

Chicago, IL โ€ข On-site

$139.53K - $172.36K/yr

Full-time

Medical, Dental, Retirement

Posted 21 days ago


Job description

Job Title:
Vice President, Innovation Banking
Location:
IL - Chicago LPO
What you'll do:
As a Commercial Banker you'll be responsible for identifying a target market for new business and subsequently developing and establishing a book of new business from those relationships. Key responsibilities include negotiating, underwriting, and coordinating the closing of a variety of major and complex loans in compliance with the Bank's lending policies and procedures; develops business checking and deposit relationships with customers. You'll also be responsible for assisting clients with deposit related products and services, as well as gathering and analyzing client information to recommend appropriate deposit product solutions.
  • Compile and analyze market research data to develop recommendations regarding products and services focused on needs of target market.
  • Engage in business development activities and solicitation of new business based on the target market.
  • Collaborate closely with treasury partner to ensure seamless client experiences.
  • Call and visit target customers to promote and sell Bank products and services to establish a new book of business.
  • Develop and maintain customer data base including calls and results on all new business relationships. Make reports to superiors as required.
  • Interview prospective applicants and requests specified information related to loan or credit application; correspond or re-interview applicants to resolve questions regarding application information.
  • Perform basic pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
  • Gather all information necessary to present a financing request to senior management or Loan Committee for approval; meet with new/potential customers; visit sites of loans; negotiate loan terms and conditions; refer and recommend acceptance to the Chief Credit Officer or Loan Committee.
  • Coordinate processing of approved loans; ensure loans are processed according to agreement, customer needs and conform to Bank lending policies; obtain sufficient information and/or documentation from customers; solve problems relative to processing and servicing of loans within the Relationship Manager's portfolio.
  • Maintain a superior knowledge of financial industry status and trends.
  • Recommend to senior management those products and services experiencing less than satisfactory performance.
  • Represent the Bank in various community, civic, and community reinvestment functions to further enhance the Bank's image and develop additional business; assist the Bank in establishing and maintaining market position in the financing arena.

What you'll need:
  • 6+ years of related experience.
  • Bachelor's degree or equivalent experience required.
  • Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Advanced knowledge in all facets of relationship management.
  • Advanced organizational and time management skills.
  • Advanced speaking and writing communication skills.
  • May require up to 50% travel.

Compensation: Salary range for new hires is generally $139,530.00 - $172,360.00 for Chicago, IL. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock.
Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
ยฉ Western Alliance Bancorporation