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Vp Risk Management Jobs in Chicago, IL (NOW HIRING)

Wintrust

Risk Management Officer

Rosemont, IL · Hybrid

Provide independent model risk management and support for the VP of Model Risk as follows: Model Validation * Perform independent and comprehensive validation of bank-wide statistical/econometric ...

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Vp Risk Management information

See Chicago, IL salary details

$55.6K

$147.5K

$267.8K

How much do vp risk management jobs pay per year?

As of Aug 24, 2026, the average yearly pay for vp risk management in Chicago, IL is $147,501.00, according to ZipRecruiter salary data. Most workers in this role earn between $108,700.00 and $172,500.00 per year, depending on experience, location, and employer.

What is a VP Risk Management?

A VP of Risk Management is a senior executive responsible for identifying, assessing, and mitigating risks that could impact an organization's financial health, operations, or reputation. They develop risk management strategies, ensure regulatory compliance, and work closely with other senior leaders to safeguard the company from potential threats. This role requires strong analytical skills, industry expertise, and the ability to make strategic decisions to minimize risk exposure while supporting business growth.

What are the key skills and qualifications needed to thrive as a VP Risk Management?

To thrive as a VP Risk Management, you need deep expertise in risk assessment, regulatory compliance, and financial analysis, typically supported by an advanced degree in finance, business, or a related field. Familiarity with risk management software, data analytics tools, and certifications such as FRM (Financial Risk Manager) or CRM (Certified Risk Manager) is highly valuable. Strategic thinking, strong leadership, and exceptional communication abilities are crucial soft skills to excel in this position. These skills ensure the development and implementation of effective risk mitigation strategies that protect the organization's assets and reputation.

What are the primary challenges a VP Risk Management typically faces in this role?

A VP Risk Management often encounters challenges related to navigating complex regulatory environments, adapting to rapidly evolving market or technological risks, and aligning risk management strategies with organizational goals. You will regularly coordinate with senior leadership and cross-functional teams to identify emerging risks and develop responsive policies and procedures. Balancing risk appetite with business growth objectives and effectively communicating risk exposures to stakeholders are crucial responsibilities. These challenges make the role dynamic and integral to the long-term success of the company.

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 Vp Risk Management jobs in Chicago, IL?

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

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

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

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

Cities near Chicago, IL with the most Vp Risk Management job openings:

Vp Risk Management jobs near you
Infographic showing various Vp Risk Management job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 17% Part Time, 2% Contract, and 1% Nights. Highlights an 82% Physical, 3% Hybrid, and 15% Remote job distribution, with an average salary of $147,501 per year, or $70.9 per hour.

Senior Vice President, Risk & Portfolio Analytics

Unison Risk Advisors

Chicago, IL

Full-time

Re-posted 2 days ago

Job description

Position Summary

The Senior Vice President, Risk & Portfolio Analytics role will be based in our Chicago office and will lead the analytics function across all platform MGAs and play a critical role in shaping underwriting strategy. This role serves as an independent, data-informed voice to the business, providing portfolio insight, pricing discipline, and performance analysis that support sound underwriting and capital decisions.

This is a senior leadership role spanning portfolio management, actuarial oversight, catastrophe risk analysis (RMS), business intelligence, and product review. The successful candidate will build and mentor a high-performing team, strengthen analytics capabilities across the organization, and partner closely with underwriting, technology, finance, and risk capital stakeholders.

Key Responsibilities

·       Lead the analytics function by delivering portfolio reporting, deep-dive performance analysis, and actionable insight into underwriting trends across the group.

·       Translate complex data into clear decision support for senior leadership, underwriting teams, and external stakeholders through well-structured reports, exhibits, and data visualizations.

·       Oversee business intelligence and reporting capabilities, including the continued development of our reporting dashboard platform and other automated reporting tools in partnership with the software development team.

·       Provide regular management reporting on key portfolio KPIs across the underwriting platform.

·       Direct actuarial and exposure management activities, including rate methodology reviews, pricing adequacy assessments, exposure monitoring, and portfolio trend analysis by geography and class of business.

·       Produce ad hoc portfolio and carrier analytics, including premium, aggregate, and modelling projections, to support business planning and stakeholder requests.

·       Perform actuarial analysis, including loss ratio projections, technical loss picks, projection oversight, and coordination with external actuarial partners where appropriate.

·       Oversee catastrophe risk modelling workflows for property lines and provide concise, decision-ready exposure accumulation reporting to business leaders.

·       Review new products and contract structures to ensure pricing adequacy, technical soundness, and readiness for market rollout.

·       Establish and maintain robust documentation for pricing frameworks, portfolio modelling methodologies, and internal analytics processes.

·       Build, mentor, and develop a high-performing team of analytically strong professionals while fostering a culture of curiosity, rigor, and continuous improvement.

QualificationsThe ideal candidate will bring a strong blend of technical expertise, commercial judgment, and leadership capability.Key Qualifications:

·       Significant experience within an insurance carrier, reinsurance company, underwriting agency, MGA/MGU, or international insurance or reinsurance broker.

·       A strong foundation in actuarial science; progress toward or completion of ACAS, FCAS, or an equivalent analytical credential is preferred.

·       Demonstrated knowledge of ISO-based pricing methodologies and commercial property and casualty rating structures.

·       Demonstrated experience working with risk modelling platforms, including RiskModeler (RMS).

·       Hands-on experience with advanced analytical and reporting tools such as SQL, Python, Power BI, Sigma, or proprietary insurance systems.

·       A proven ability to communicate complex analytical issues clearly and credibly to executive leadership, underwriting teams, and external stakeholders.

·       Strong leadership skills, including the ability to recruit, mentor, and develop high-potential analytical talent.

·       A collaborative, intellectually curious approach with the confidence to provide independent challenge and constructive insight together with the ability to communicate complex themes clearly at all levels of the organization and to key stakeholders.

SSalary Range: $120,000-$200,000

Employment Type: FULL_TIME

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