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Associate Risk Analyst Jobs in Illinois (NOW HIRING)

Delan Associates, Inc

Cyber Risk Analyst

Lemont, IL · On-site

Title: Cyber Risk Analyst W-2 Only (no 1099) Must be a U.S. Citizen Company's Location: Lemont, IL Background: The Companys Cyber Security Program Office promotes the safe and secure use of ...

Delan Associates, Inc.

Cyber Risk Analyst

Lemont, IL · On-site

Title: Cyber Risk Analyst W-2 Only (no 1099) Must be a U.S. Citizen Company's Location: Lemont, IL Background: The Companys Cyber Security Program Office promotes the safe and secure use of ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

The Risk Analyst is responsible gathering and analyzing information in order to underwrite a ... The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and ...

New

Hunt

Associate Risk and Claims Manager

Chicago, IL · On-site

$78K - $102K/yr

A Brief Overview The Associate Claims and Risk Manager reports to the Senior Vice President of Risk ... Problem-solving and analytical skills (both quantitative and qualitative). * Knowledge of ...

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All JobsAssociate Risk Analyst JobsAssociate Risk Analyst Jobs in Illinois

Associate Risk Analyst information

See Illinois salary details

$14

$39

$63

How much do associate risk analyst jobs pay per hour?

As of Jun 9, 2026, the average hourly pay for associate risk analyst in Illinois is $39.23, according to ZipRecruiter salary data. Most workers in this role earn between $28.89 and $47.74 per hour, depending on experience, location, and employer.

What are some common challenges an Associate Risk Analyst faces during the first year on the job?

New Associate Risk Analysts often encounter challenges such as adapting to fast-paced environments, understanding complex risk models, and learning to interpret large volumes of data accurately. Balancing multiple projects and meeting deadlines while maintaining attention to detail can also be demanding. Additionally, collaborating effectively with team members from different departments, such as compliance and finance, requires strong communication skills and a willingness to learn from experienced colleagues.

What does an Associate Risk Analyst do?

An Associate Risk Analyst helps organizations identify, assess, and manage potential risks that could affect their operations or financial stability. Their daily tasks often include analyzing data, preparing risk reports, evaluating risk management policies, and supporting senior analysts in developing strategies to mitigate potential threats. They typically work in industries such as finance, insurance, or consulting, and use various analytical tools to detect and evaluate risks. Strong analytical, communication, and problem-solving skills are important for success in this role.

What are the key skills and qualifications needed to thrive as an Associate Risk Analyst, and why are they important?

To thrive as an Associate Risk Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field—often supported by a bachelor’s degree. Familiarity with risk assessment software, data analysis tools like Excel or SAS, and knowledge of regulatory frameworks are typically required. Effective communication, problem-solving, and teamwork are vital soft skills that help you convey findings and collaborate across departments. These skills ensure accurate risk evaluation, compliance, and informed decision-making to protect organizational interests.

What is the difference between Associate Risk Analyst vs Risk Analyst?

AspectAssociate Risk AnalystRisk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some certifications like FRM or CRMBachelor's or master's degree; often holds certifications like FRM, CRM, or CRC
Work EnvironmentEntry-level position in finance, insurance, or banking firms; supervised environmentMore experienced role; involved in complex risk assessments and decision-making
Employer & Industry UsageCommon in banking, insurance, and financial servicesUsed across similar industries, often with more responsibility

The main difference between an Associate Risk Analyst and a Risk Analyst lies in experience and responsibility. The Associate Risk Analyst is an entry-level role focusing on supporting risk assessments, while the Risk Analyst handles more complex analysis and decision-making. Both roles require similar educational backgrounds and certifications, but the Risk Analyst typically has more experience and autonomy in their work.

What are the most commonly searched types of Risk Analyst jobs in Illinois? The most popular types of Risk Analyst jobs in Illinois are:
What are popular job titles related to Associate Risk Analyst jobs in Illinois? For Associate Risk Analyst jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Associate Risk Analyst jobs in Illinois look for? The top searched job categories for Associate Risk Analyst jobs in Illinois are:
What cities in Illinois are hiring for Associate Risk Analyst jobs? Cities in Illinois with the most Associate Risk Analyst job openings:
Associate Risk Analyst jobs near you
Infographic showing various Associate Risk Analyst job openings in Illinois as of June 2026, with employment types broken down into 42% Full Time, and 58% Part Time. Highlights an 33% In-person, and 67% Hybrid job distribution, with an average salary of $81,601 per year, or $39.2 per hour.
Portfolio Risk Associate, Risk & Analytics

Portfolio Risk Associate, Risk & Analytics

Avant LLC

Chicago, IL • On-site

$77K - $115K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 7 days ago

Job description

Avant is looking for a Portfolio Risk Associate to join our Risk & Analytics team. We are seeking a motivated and analytically driven candidate who is passionate about problem-solving, customer behavior analysis, and portfolio performance monitoring. This person will play an important role in supporting portfolio risk monitoring and insight generation across the credit lifecycle while partnering closely with teams across Originations Risk and Account Management Risk.
This role is ideal for someone who enjoys combining analytics, business understanding, and strategic thinking to help drive data-informed decisions in a fast-paced fintech environment.
What you'll do at Avant:
  • Analyze portfolio trends, customer behavior, and credit performance across originations and existing accounts
  • Support portfolio monitoring through recurring analyses, reporting, and strategic insight generation
  • Identify emerging risks, behavioral trends, and performance shifts within the portfolio
  • Conduct deep dive analyses on delinquency trends, utilization behavior, payment patterns, profitability metrics, and customer segments
  • Partner with Originations Risk and Account Management teams to evaluate portfolio performance and strategy impacts
  • Mine and analyze large datasets using SQL and Python to support business decisions and risk monitoring initiatives
  • Build and maintain dashboards, analytical datasets, and reporting frameworks
  • Translate analytical findings into clear business insights and recommendations for leadership
  • Perform ad hoc analyses related to portfolio strategy, growth initiatives, and macroeconomic trends
  • Collaborate cross-functionally with Risk, Finance, Data Engineering, Product, and other internal teams

Why you're at fit at Avant:
  • Bachelor's or Master's degree in Finance, Economics, Statistics, Mathematics, Data Analytics, Computer Science, Engineering, or a related quantitative field
  • 1-3 years of experience in analytics, strategy, risk, financial services, or a related quantitative field preferred
  • Strong analytical, problem-solving, and critical thinking skills
  • Experience with SQL and Python preferred
  • Ability to communicate analytical findings clearly to both technical and non-technical audiences
  • Comfortable working with large datasets and ambiguous business problems
  • Interest in consumer lending, credit risk, portfolio analytics, customer behavior analytics, or fintech preferred

This role is based on our downtown Chicago Office, located in the Merchandise Mart. We highly value collaboration and our hybrid schedule (M, T, Th in-office) enables flexibility to balance work and individual priorities.
Compensation Range:
The base salary range for this job is USD $77,000 - USD $115,000/ Year
Employees new to Avant typically come in below the midpoint of the pay range. The compensation range is based on the level outlined in the job posting, and compensation decisions are dependent on each applicant's experience, skills and abilities.
[If an outstanding applicant's experience and skill level is above or below the qualifications outlined in the job posting, we reserve the right to make an offer at a different level than the one listed in this job posting, which may have a different compensation range.]
This role is eligible for additional incentives, including an annual bonus. These rewards are allocated based on level, impact and performance in the role.
Our benefits include:
  • Choice of great Medical, Dental, and Vision Insurance Plan options
  • 401(k) match
  • Flexible Time Off
  • Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
  • Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
  • Lunch Allowance (Fooda) and In-office Snacks
  • Summer Fridays
  • Fun In-Office and Virtual Social Events
  • And who doesn't love the swag

Check out our Avant Blog!
We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you're passionate about our mission and aligned to our values, we hope you'll come contribute to our awesome culture.
Why Avant is the place for you:
At Avant, we believe our values make a difference:
Authenticity. We show up to work as our whole selves and make sure others can too.
Collaboration. We can only succeed when we do so as a team.
Problem-Solving. The harder the problem, the more satisfying the solution.
Customer. We are all owners of the customer experience.
Initiative. Plan. Adapt. Get Sh!t Done.
We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.
To learn more about how Avant collects and uses your personal information, please see the Avant Privacy Policy.

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