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

Invenergy

Director, Credit Risk Management

Chicago, IL · On-site

Position Overview The Director, Credit Risk Management will report to the Senior Vice President - Risk Management and Settlements and will have enterprise accountability for the design, governance ...

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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 Jun 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.

How much does a vice president of risk management make?

A vice president of risk management typically earns between $120,000 and $250,000 annually, depending on the industry, company size, and location. Senior risk management professionals often have advanced degrees and certifications such as FRM or CRM, which can influence compensation levels.

What is the highest paid VP position?

The highest paid VP position is typically the Vice President of Risk Management in large corporations, with total compensation often exceeding $300,000 annually, including base salary, bonuses, and stock options. Compensation varies based on industry, company size, and experience, with some executive risk management roles earning significantly more at the executive level.

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 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 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 is a VP of risk management?

A VP of risk management is a senior executive responsible for identifying, assessing, and mitigating risks that could impact an organization’s assets, operations, or reputation. They develop risk management strategies, oversee compliance, and often work with other departments to ensure financial stability and regulatory adherence. Strong analytical skills, industry knowledge, and leadership abilities are essential for this role.

What is the highest paying risk management job?

The highest paying risk management roles are often executive positions such as Chief Risk Officer (CRO) or Vice President of Risk Management, with salaries exceeding $200,000 annually, especially in large corporations or financial institutions. These roles require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills.
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 June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $147,501 per year, or $70.9 per hour.

Vice President, Risk and Compliance

ALERO FINANCIAL CREDIT UNION

Elgin, IL • On-site

$120K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 1 hour ago

Key responsibilities

  • Administer and maintain the Credit Union's Compliance Management System and Vendor Management System.

  • Monitor regulatory changes and ensure timely implementation across the organization.

  • Coordinate and manage regulatory compliance examinations and responses.

Job description

Position Title: Vice President, Risk & Compliance

Reports to: First Vice President, Enterprise Risk Management

Grade Level: 16

Full Salary Range: $120,574.45 - $180,861.67

Hiring Salary Range: $120,574.45 - $150,718.06

Position Summary:

The Vice President, Risk and Compliance is responsible for administering the Credit Union’s Compliance Management System (CMS) and providing independent second‑line oversight of regulatory compliance risk. This role ensures compliance with applicable federal and state laws and regulations and serves as the primary subject matter expert for compliance‑related risk. 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:

  • Administer and maintain the Vendor Management System (VMS).
  • Conduct, update, and document the Compliance Risk Assessment.
  • Monitor regulatory changes and ensure timely implementation across the organization.
  • Maintain and review compliance‑related policies, procedures, and disclosures.
  • Oversee compliance monitoring, testing, and validation activities.
  • Coordinate and manage regulatory compliance examinations and responses.
  • Provide compliance guidance, advisory support, and training to first‑line business units.
  • Advise executive leadership on compliance risks, trends, and emerging regulatory issues.
  • Track compliance issues and escalate material risks to the First Vice President, Enterprise Risk Management.
  • Support fair lending, UDAAP, and broader consumer protection initiatives.
  • Perform all other duties as assigned


Qualifications:

Education and Experience

  • Bachelor’s degree required; professional compliance certification preferred (CRCM, NCCO).
  • 7–10 years of experience in financial institution compliance.

Skills and Competencies

  • Strong working knowledge of consumer protection and safety‑and‑soundness regulations.
  • Proven experience managing regulatory exams and interacting with examiners.

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.