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Associate Risk Analyst Jobs in Illinois (NOW HIRING)

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

Principal Risk Associate As a Principal Risk Associate at Capital One you'll be responsible for ... Perform analysis leveraging data and insights to define problems and identify solutions * Liaise ...

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

Exempt The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA. Role Responsibilities: * Assess and monitor counterparty credit exposures, including payment, performance ...

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

Exempt The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA. Role Responsibilities: * Assess and monitor counterparty credit exposures, including payment, performance ...

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Associate Risk Analyst information

See Illinois salary details

$14

$39

$63

How much do associate risk analyst jobs pay per hour?

As of Jul 4, 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 qualifications do I need to be a risk analyst?

To become an associate risk analyst, candidates typically need a bachelor's degree in finance, economics, statistics, or a related field. Strong analytical skills, proficiency in data analysis tools like Excel or SQL, and knowledge of risk management principles are also important. Certifications such as the Financial Risk Manager (FRM) or Professional Risk Manager (PRM) can enhance job prospects.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, education, and location. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

What jobs in the US pay 300,000 a year?

For an Associate Risk Analyst, earning $300,000 annually is uncommon; such high salaries are typically associated with executive-level roles, senior risk management positions, or specialized financial roles like chief risk officer or senior quantitative analyst. These positions often require extensive experience, advanced certifications, and leadership responsibilities within financial institutions or large corporations.

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.

Is risk analyst an entry level job?

A risk analyst position can be entry-level or require experience, depending on the company and industry. Entry-level risk analyst roles typically require a bachelor's degree in finance, economics, or a related field, and may involve on-the-job training with basic analytical tools. More advanced roles may require several years of experience or specialized certifications such as FRM or CRM.
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 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:
Risk Manager, Business Continuity and Resilience Risk Management

Risk Manager, Business Continuity and Resilience Risk Management

Capital One

Chicago, IL • On-site

Full-time

Posted 21 days ago


Capital One rating

7.8

Company rating: 7.8 out of 10

Based on 142 frontline employees who took The Breakroom Quiz

71st of 144 rated banks


Job description

Risk Manager, Business Continuity and Resilience Risk Management

Do you want to be part of an organization that is dedicated to helping Capital One identify, manage, and effectively mitigate risk - for our customers, our communities, and our associates? Capital One is seeking an enthusiastic, self-motivated Risk Manager to join the Business Continuity and Resilience Risk Management (BCRM) team within the Operational Risk Management (ORM) second line of defense.

BCRM is responsible for independent governance and oversight of Capital One's business continuity practices enabling Capital One to respond to and recover from business disruptions.

As a Risk Manager, you will provide risk advice and effective challenge to the first line of defense in its identification, management, control, and mitigation of business continuity risks, with a key focus on the Global Payment Network.

As part of the larger ORM organization, you will work with talented associates to provide oversight and effective challenge to ensure that our businesses effectively manage operational risk overall. This includes enabling our organizations to maintain a sustainable and holistic operational risk profile to deliver superior products while also protecting our customers. You'll also bring your unique perspective and experiences to help us be rigorous, curious, and creative.

Risk Managers have a natural passion for managing risk with excellent project, process, and analytical skills. They are highly organized, motivated, and capable of balancing multiple priorities to manage various tasks and timelines. With these skills, they serve as change agents to effectively challenge business leaders on our highest profile risk projects. Risk Managers partner with executives and other risk leaders in an open, collaborative environment where new ideas and solutions are both welcomed and rewarded. This role requires the ability to operate as an independent contributor to deliver results, while proactively sharing progress and critical developments to keep the team fully apprised.

Specific responsibilities of the Business Continuity Risk Manager include and are not limited to:

  • Provides risk consulting to multiple businesses, including the Global Payment Network, and is a thought leader on how to meaningfully enhance our second line framework to oversee Capital One's operational resilience.

  • Analyzes data and influences others to proactively identify risks and trends on an ongoing basis. Uncovers new areas of risk related to various lines of business and develops a strong understanding of the data eco-system.

  • Fosters a highly collaborative environment with other risk teams and various partner groups to create an integrated and seamless risk experience for the business (e.g., Compliance, Third-Party Risk Management, Country Risk, Technology Risk Management).

  • Executes challenge activities to elevate areas of suspected risk and escalates appropriately to Operational Risk Management leadership.

  • Provide oversight, guidance, and effective challenge to business areas during risk assessments (Risk and Control Self-Assessments, Process Level Assessments, New Products).

  • Consults on Issue/Event analysis or changes in resilience conditions to support first line risk response and to inform senior leaders in risk management of our aggregate exposure to operational disruptions.

  • Demonstrates strong communication, collaboration, problem solving, and influencing skills across various levels of the organization.

  • Balances multiple priorities to help drive business value and support team objectives, while managing tasks and activities related to risk management initiatives to support BCRM in a well-managed capacity.

  • Stay current on understanding effective operational resilience strategies and business continuity requirements.

  • Support interactions with Internal Audit and Regulatory agencies, as applicable.

Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 5 years of experience in risk, compliance, or audit

  • At least 4 years of experience in business continuity, disaster recovery, or technology resilience

  • At least 2 years of experience in risk analysis specific to global or domestic Big Four payment networks

Preferred Qualifications:

  • 6+ years of experience in risk, compliance, or audit

  • 5+ years of experience in business continuity, disaster recovery, or technology resilience

  • 3+ years of experience in risk analysis specific to global or domestic Big Four payment networks

  • 3+ years of project management experience leading cross functional programs in risk

  • Demonstrated proficiency in leveraging data analysis tools to work with and interpret large, complex datasets for risk identification and reporting

  • Certification in risk management, audit, or business continuity management (Certified Business Continuity Professional (CBCP), Certification in Risk Management Assurance (CRMA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified in Risk and Information Systems Control (CRISC))

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Chicago, IL: $138,100 - $157,700 for Risk Manager


McLean, VA: $151,900 - $173,400 for Risk Manager


New York, NY: $165,700 - $189,200 for Risk Manager


Richmond, VA: $138,100 - $157,700 for Risk Manager








Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).


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