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Associate Risk Analyst Jobs in Illinois (NOW HIRING)

Delan Associates, Inc

Vulnerability Analyst

Lemont, IL · On-site

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.

Capital One

Principal Risk Associate

Riverwoods, IL · On-site

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 ...

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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.
Information Security Risk & Controls Analyst

Information Security Risk & Controls Analyst

First Mid

Mattoon, IL

$24.52 - $30.65/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 13 days ago

First Mid Bank & Trust rating

7.8

Company rating: 7.8 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

66th of 141 rated banks

Job description

At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.
This position requires an ethical, analytical, and detail-oriented individual capable of managing multiple tasks in support of the Information Security Risk Management program. This role will evolve within the Enterprise Risk Management Department and work directly with the Information Security Risk Officer to provide effective oversight and monitoring of IT and Information Security controls. The Information Security Risk and Controls Analyst will execute day-to-day validation tasks, assist with evidence gathering for audits and exams, support vendor and asset risk assessments, and ensure documentation and reporting processes remain current and accurate.
Responsibilities include, but are not limited to:
  • Assist with user access reviews, including privileged account validation.
  • Assist with SOX, GLBA, FFIEC, and OCC audits and exams by gathering and organizing evidence.
  • Support monitoring of IT audit, regulatory, and penetration test findings to ensure timely remediation.
  • Help maintain a software asset database and perform risk assessments on new IT assets, vendors, and system changes.
  • Execute recurring monthly and quarterly second-line validation monitoring of Information Security control activities.
  • Maintain and update information security risk documentation.
  • Assist with evidence gathering and validation of Information Security Risk Assessments, ensuring documentation is complete, accurate, and maintained for audit and regulatory review.
  • Assist with the monitoring of antivirus, patch management, and vulnerability remediation tracking.
  • Support the preparation of Key Risk Indicator (KRI) metrics and risk trend reporting for management and governance committees.
  • Contribute to information security risk-related communications and associate awareness efforts.
  • Provide administrative support during incident response activities, including evidence collection, logging, and reporting.
  • Assist with planning and documentation for the annual cybersecurity tabletop exercise.
  • Participate in Enterprise Risk Management and IT governance discussions as directed by the Information Security Risk Officer.
  • Collaborate with IT and other departments as needed to ensure seamless execution of second-line validation responsibilities.
  • Complete annual training associated with job functions.
  • Perform other duties as assigned.
Qualifications
Education/Experience:
  • Associate’s or Bachelor’s degree in Information Security, Risk Management, or a related field required.
  • 1+ years of Information Security, IT Audit, or IT Risk Management experience required; banking or financial services experience a plus.
  • Exposure to regulatory frameworks such as GLBA, FFIEC, NIST, or SOX preferred.
  • Field-related certification (e.g., Security+, CISA, or CySA+) a plus, or willingness to obtain in the future.
Skills:
  • Strong analytical and problem-solving skills with close attention to detail.
  • Ability to interpret and report on data trends and risk indicators.
  • Familiarity with banking applications preferred.
  • Strong proficiency in Microsoft Excel, including the ability to organize, analyze, and validate data using formulas, pivot tables, filters, and basic data analysis techniques.
  • Ability to manage multiple tasks and meet deadlines in a fast-paced regulatory environment.
Total Rewards:
  • Competitive health, dental amp; vision coverage with HSA match
  • 401(k) with employer match + Employee Stock Purchase Plan
  • Generous PTO, paid holidays amp; parental leave
  • Tuition reimbursement amp; performance-based bonuses
  • Visit our Total Rewards page to see our full list of benefits
First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

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