How much does a Vice President of Operational Risk Management make in Illinois? The average Vice President of Operational Risk Management salary in Illinois is $228,900 as of March 26, 2024, but the range typically falls between $201,200 and $271,900. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Vice President of Operational Risk Management Salary | $175,981 | IL | March 26, 2024 |
25th Percentile Vice President of Operational Risk Management Salary | $201,200 | IL | March 26, 2024 |
50th Percentile Vice President of Operational Risk Management Salary | $228,900 | IL | March 26, 2024 |
75th Percentile Vice President of Operational Risk Management Salary | $271,900 | IL | March 26, 2024 |
90th Percentile Vice President of Operational Risk Management Salary | $311,049 | IL | March 26, 2024 |
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The Vice President of Operational Risk Management is responsible for the efficient execution of strategies, controls, and measures to monitor and mitigate the risk exposure of assets. Oversees the planning and analysis of an organization's risk management function. Being a Vice President of Operational Risk Management reviews financial models to understand the risk exposure of an organization's assets. Monitors the effectiveness of procedures to identify points of improvement. In addition, Vice President of Operational Risk Management develops training and educational materials to identify and mitigate risks. Promotes organization-wide understanding of risks and risk management strategies. Requires a bachelor's degree. Typically reports to top management. The Vice President of Operational Risk Management manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Working as a Vice President of Operational Risk Management typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Bachelor's Degree
Bachelor's Degree
Bachelor's Degree
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Cicero, IL | Avg. Salary $234,653 | Date Updated March 26, 2024 |
Location Mount Prospect, IL | Avg. Salary $233,758 | Date Updated March 26, 2024 |
Location Abingdon, IL | Avg. Salary $211,836 | Date Updated March 26, 2024 |
Location Adair, IL | Avg. Salary $213,849 | Date Updated March 26, 2024 |
Location Addieville, IL | Avg. Salary $217,205 | Date Updated March 26, 2024 |
Location Addison, IL | Avg. Salary $233,758 | Date Updated March 26, 2024 |
Location Akin, IL | Avg. Salary $210,718 | Date Updated March 26, 2024 |
Location Albany, IL | Avg. Salary $208,928 | Date Updated March 26, 2024 |
Location Albers, IL | Avg. Salary $217,205 | Date Updated March 26, 2024 |
Location Albion, IL | Avg. Salary $205,796 | Date Updated March 26, 2024 |
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About Illinois Illinois (/ˌɪlɪˈnɔɪ/ (listen) IL-ih-NOY) is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross dome....More