ZipRecruiter

Log In

1

Vp Risk Jobs in Illinois (NOW HIRING)

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 ...

NorthShore

Assistant Vice President, Audit

Warrenville, IL · On-site

$90.48 - $140.24/hr

Lead the development and execution of a risk-based annual audit plan covering clinical, financial, operational, and research processes that is responsive to the needs of senior management and the ...

Lawrence Hall

Senior Vice President of Programs

Chicago, IL · On-site

$120K - $127K/yr

... Senior Vice President of Programs (SVPP) . As a critical member of the executive management team ... Operational, Fiscal & Risk Management * Collaborate with the COO and CFO to develop, monitor, and ...

next page

Showing results 1-20

All JobsVp Risk JobsVp Risk Jobs in Illinois

Vp Risk information

See Illinois salary details

$42.2K

$152.7K

$268.9K

How much do vp risk jobs pay per year?

As of Jun 15, 2026, the average yearly pay for vp risk in Illinois is $152,652.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,400.00 and $184,100.00 per year, depending on experience, location, and employer.

What are VP Risk?

A VP Risk, or Vice President of Risk, is a senior executive responsible for overseeing an organization's risk management strategies and policies. They identify, assess, and mitigate risks that could impact the company's financial performance, reputation, or operations. VP Risk professionals often lead teams that analyze market, operational, credit, and regulatory risks, and they work closely with other executives to ensure the company's objectives are achieved within acceptable risk parameters.

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

To thrive as a VP of Risk, you need deep expertise in risk management, financial analysis, regulatory compliance, and a strong educational background—often including an advanced degree in finance, economics, or a related field. Familiarity with risk assessment tools, enterprise risk management (ERM) systems, and certifications like FRM or CFA are commonly required. Exceptional leadership, strategic thinking, and communication skills help you influence organizational risk culture and drive cross-functional initiatives. These abilities are critical for proactively identifying, assessing, and mitigating risks to ensure organizational stability and regulatory adherence.

What is the difference between Vp Risk vs Risk Manager?

AspectVp RiskRisk Manager
Required CredentialsBachelor's degree, certifications like FRM or CRM often preferredBachelor's degree, certifications like FRM or CRM often preferred
Work EnvironmentStrategic leadership in financial institutions, corporate risk departmentsOperational risk assessment, implementing risk mitigation strategies
Employer & Industry UsageFinancial services, banking, insurance, large corporationsFinancial institutions, corporations, consulting firms

Both roles focus on risk management but Vp Risk typically involves strategic oversight and leadership, while Risk Managers handle day-to-day risk assessment and mitigation. The Vp Risk often supervises teams and influences company-wide policies, whereas Risk Managers implement these policies at operational levels.

What are some of the key challenges a VP of Risk typically faces when aligning risk management strategies with business objectives?

A VP of Risk often faces the challenge of balancing the organization's risk appetite with its growth goals, ensuring that risk mitigation does not stifle innovation or profitability. They must work closely with executive leadership across departments to integrate risk considerations into strategic planning, while also staying ahead of emerging risks such as regulatory changes or cybersecurity threats. Effective communication and collaboration with both technical and non-technical teams are essential to create a risk-aware culture and to ensure that policies are understood and implemented organization-wide.
What are the most commonly searched types of Risk jobs in Illinois? The most popular types of Risk jobs in Illinois are:
What are popular job titles related to Vp Risk jobs in Illinois? For Vp Risk jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Vp Risk jobs in Illinois look for? The top searched job categories for Vp Risk jobs in Illinois are:
Vp Risk jobs near you
Infographic showing various Vp Risk job openings in Illinois as of June 2026, with employment types broken down into 1% Locum Tenens, 44% Full Time, 45% Part Time, 9% Contract, and 1% Nights. Highlights an 89% Physical, 4% Hybrid, and 7% Remote job distribution, with an average salary of $152,652 per year, or $73.4 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 16 days ago

Be an early applicant

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.