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Vp Risk Jobs in Illinois (NOW HIRING)

Synchrony Financial

VP, Legal Marketing

Chicago, IL · On-site

As VP, Legal Marketing, you will serve as a liaison between the Synchrony Legal team and Marketing ... Ensure a balanced approach between legal risk, business strategy and customer/consumer viewpoint to ...

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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 Aug 6, 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 is a 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 August 2026, with employment types broken down into 1% As Needed, 91% Full Time, 6% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $152,652 per year, or $73.4 per hour.

Vice President Lending

Abri Credit Union

Romeoville, IL

$125K - $135K/yr

Full-time

Medical, Retirement, PTO

Posted 16 days ago

Job description

Vice President Lending

As our Vice President Lending, you will:

  • Serve as the primary credit risk officer, evaluating complex credit applications and issuing definitive lending decisions within established policy risk tolerances.
  • Maintain exhaustive knowledge of regulatory lending mandates; implement internal controls to align practices with consumer protection and lending laws.
  • Oversee operational workflows for consumer and real estate lending lines to maximize efficiency and accuracy from application through funding.
  • Prepare and present accurate, data-driven reports for the Asset-Liability Committee (ALCO) and the Board of Directors.
  • Serve as the primary liaison for internal/external audits and state/federal regulatory examinations, ensuring timely compilation of required documentation.
  • Drive the department to meet or exceed asset growth, loan volume, and outstanding balance metrics established by the executive leadership team.
  • Direct daily delinquency management and collections operations to protect credit union assets and minimize loan losses.
  • Conduct monthly portfolio reviews to determine and approve final loan charge-offs, ensuring accurate accounting and recovery of collateral sales.
  • Collaborate with the Loan Servicing Manager to structure complex loan workouts, short sales, and the management of Owned Real Estate Open (OREO) properties.
  • Supervise business and consumer loan servicing, including payment processing, documentation compliance, and mandatory annual commercial reviews.
  • Oversee the optimization and maintenance of core lending systems, ensuring post-closing exception tracking is resolved efficiently.
  • Continually monitor evolving HMDA, consumer lending, and collection laws to update operational manuals and policy documentation dynamically.
  • Collaborate with peer business lines to cultivate cross-selling opportunities and deepen member relationships.
  • Establish and scale strategic B2B partnerships with mortgage companies, home equity lenders, realtors, and institutional partners.
  • Evaluate the feasibility and market potential of launching a fee-based mortgage processing service model.
  • Set strategic goals, deliver regular performance evaluations, and foster a collaborative, high-performance team culture.
  • Implement robust cross-training programs and job rotation frameworks to ensure operational continuity and internal talent pipelines.

Requirements:

  • Bachelor's degree in business administration, finance, or a related field (or equivalent executive-level experience).
  • 5 to 10 years of progressive leadership experience within a full-service financial institution or mortgage banking company.
  • Familiar with secondary market guidelines (Fannie Mae/Freddie Mac), HMDA, Fair Debt Collection Practices Act (FDCPA), and federal/state lending regulations.
  • Proven track record of strategic leadership, talent development, and high-integrity decision-making.
  • Proficiency in advanced loan origination systems (LOS), core banking platforms, and Microsoft Office Suite.
  • Advanced understanding of loan restructuring, workouts, foreclosures, and short sales is highly desirable.

Benefits:

  • Our 401k Match is as high as 7.98%
  • We offer Blue Cross health insurance with up to 90% employee/70% dependent premiums paid
  • You'll:
    • accrue 12 days of vacation per year
    • be given 5 days of personal leave per year
    • be given up to 13 paid holidays per year
  • Our dress code is relaxed, business casual and company logo wear
  • We have a team of trainers to get you ready to be fabulous on the job!

For a full list of our benefits, visit https://www.abricu.com/home/careers/benefits

Pay:

$125,000–$135,000 per year

EOE

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