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

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Vp Risk Management information

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$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.

VP - Commercial Banker

Home State Bank

Crystal Lake, IL

Other

Posted 18 days ago

Job description

Home State Bank is hiring a VP - Commercial Banker in Crystal Lake, IL. This is a full-time position. The VP -Commercial Banker will provide a high level of portfolio management.

Develop and maintain customer relationships (primarily commercial) to provide maximum return with minimal risk and in accordance with guidelines established by Bank Policy and Senior Management.

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