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

Wintrust

Officer, Model Risk Management

Rosemont, IL

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 ...

PDP Group, Inc.

VP - General Liability

Chicago, IL

... 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 ...

Wintrust

Officer, Model Risk Management

Rosemont, IL · On-site

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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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 May 28, 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 job?

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 in the Vp Risk Management position, and why are they important?

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.
More about Vp Risk Management jobs
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 May 2026, with employment types broken down into 82% Full Time, 16% Part Time, 1% Temporary, and 1% Contract. Highlights an 67% Physical, 4% Hybrid, and 29% Remote job distribution, with an average salary of $147,501 per year, or $70.9 per hour.

First Vice President, Enterprise Risk Managem

Alero Financial Credit Union

Elgin, IL • On-site

$128.53K - $171.37K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Position Title: First VP of Enterprise Risk Management

Reports to: Chief Performance Officer

Grade Level: 17E

Full Salary Range: $128,528.40 - $214,214.00

Hiring Salary Range: $128,528.40 - $171,371.20

Position Summary:

The First Vice President, Enterprise Risk Management (FVP, ERM) is responsible for establishing, maintaining, and overseeing the Credit Union’s enterprise‑wide risk management framework. This role owns the Enterprise Risk Management (ERM) program and provides independent second‑line oversight of compliance, BSA/AML, and fraud risk. The FVP, ERM ensures risks are consistently identified, assessed, monitored, and reported across the organization and are escalated appropriately to executive leadership and the Board. Duties must be accomplished in compliance with federal and state laws and in accordance with the credit union’s policies and procedures and with constant attention to Alero’s creed, vision, mission and goals.


Duties and Responsibilities:

  • Own and administer the Enterprise Risk Management (ERM) framework, including risk taxonomy, methodology, and governance.
  • Maintain the enterprise risk assessment and enterprise risk register.
  • Develop, implement, and monitor the risk appetite statement and associated metrics.
  • Aggregate enterprise risk inputs from Risk and Compliance, BSA/AML, Fraud Risk, IT, Vendor Management, and Operations.
  • Oversee issue management, including regulatory exam findings, audit issues, and remediation tracking.
  • Identify, assess, and escalate strategic, emerging, and cross‑functional risks.
  • Prepare and present consolidated enterprise risk reports to executive leadership and the Board Risk Committee.
  • Provide leadership and oversight to the Vice President, Risk and Compliance; BSA/AML Officer; and Fraud Risk Director.
  • Serve as the primary executive liaison with regulators on enterprise risk matters.
  • Ensure consistent use of the Three Lines of Defense model across the organization.
  • Promote and reinforce a strong risk‑aware culture throughout the Credit Union.
  • Perform all other duties as assigned


Qualifications:

Education and Experience

  • Bachelor’s degree required; Master’s degree or professional certifications preferred (CRCMP, CRMA, CAMS, or similar).
  • 8–12 years of progressive experience in enterprise risk management, compliance, audit, or financial services governance.

Skills and Competencies

  • Strong knowledge of NCUA regulations, FFIEC guidance, and enterprise risk best practices.
  • Demonstrated experience presenting risk information to executive leadership and Boards.

Benefits

  • Health, Vision, Dental Insurance
  • Long-term Disability Insurance
  • Critical Illness
  • Life Insurance
  • 401(k) match
  • Profit sharing
  • PTO
  • Flexible Spending Account
  • Tuition Reimbursement
  • Pet Insurance
  • Commuter Benefit

While performing the duties of this job, the employee is frequently required to sit, view information on a computer screen, and talk or hear. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Telephone conversations may be monitored or recorded for the purposes of training, coaching, feedback and quality assurance on an unannounced basis.