1

Associate Risk Analyst Jobs in Illinois (NOW HIRING)

Risk Manager

Chicago, IL · Hybrid

$100K - $150K/yr

Strong analytical skills, with proficiency in Microsoft Excel for crafting charts and graphs ... Professional certifications such as Associate in Risk Management (ARM) or Certified Risk Manager ...

... Associate Director to join our Risk/ Margin team. This critical role involves overseeing daily ... Proficiency in data analysis tools and programming languages (e.g., SQL, Python, R). * Excellent ...

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

... or Associate in Risk Management (ARM) desirable • Proficient in Microsoft Word, Excel and PowerPoint • Exceptional interpersonal and analytical abilities including fully developed written and ...

Risk Manager As part of Enterprise Risk Management (ERM), you will work with talented associates to ... Reporting and Analysis: Create, edit, and manage multiple facets of risk reporting, providing real ...

Showing results 41-60

Associate Risk Analyst information

See Illinois salary details

$14

$39

$63

How much do associate risk analyst jobs pay per hour?

As of Aug 16, 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 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 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 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 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:

Infographic showing various Associate Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 81% Full Time, and 19% Part Time. Highlights an 52% In-person, 16% Hybrid, and 32% Remote job distribution, with an average salary of $81,601 per year, or $39.2 per hour.

Senior Risk Associate, Upmarket & Discover Card - Card Risk(Hybrid)

Capital One

Riverwoods, IL

Full-time

Re-posted 27 days ago


Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 147 frontline employees who took The Breakroom Quiz

91st of 171 rated banks


Job description

Senior Risk Associate, Upmarket & Discover Card - Card Risk(Hybrid)

Capital One is seeking highly motivated Senior Risk Associates interested in supporting and learning about dedicated risk advisory for the Upmarket and Discover Card business segments. Our Senior Risk Associates function as key partners in supporting high visibility and critical risk management activities across multiple lines of defense, such as product and process risk assessments, audits and exams, new intent delivery, control advisory, and more.

Ideal candidates will demonstrate ownership in executing these risk management activities, with the support and guidance of an experienced vertical risk manager, and possess a growth mindset and willingness to experience and learn new activities.

Here's what we're looking for in an ideal teammate:

  • You are a learner who seeks to understand a business area, its processes, risks and control environment

  • You challenge the status quo but move quickly to pragmatic solutions

  • You create energy and an environment that fosters trust, collaboration, and belonging

  • You possess a relentless focus on quality and timeliness

  • You adapt to change and are intellectually curious. You like to ask questions and test assumptions

  • You have the capacity to deliver high quality work and effectively prioritize within a dynamic environment

  • You demonstrate strong organizational and communication skills

  • You develop influential relationships based upon shared risk objectives

  • You do the right thing and lead by example

Responsibilities:

  • Directly support vertical risk managers and accountable executives for the Upmarket and Discover Card business segments

  • Execute critical risk management activities both with and independent of the vertical risk manager

  • Coordinate, influence, and negotiate priorities with teams to ensure well managed goals/timelines are met; escalating when appropriate

  • Establish strong interaction models and relationships to collaborate and consult with key stakeholders

  • Collect data and information and use analytics and reporting to develop risk transparency to senior leadership and executives

  • Develop strong business acumen to appropriately represent the business to 2nd and 3rd line of defense partners

  • Develop and maintain formal process documentation including procedures, playbooks, and process flow diagrams that demonstrate the well managed infrastructure

Basic Qualifications:

  • High School Diploma, GED or equivalent certification

  • At least 1 year of experience in financial services, project or process management, or combination

Preferred Qualifications:

  • Bachelor's Degree or military experience

  • 2+ years of experience in project or process management

  • 1+ years of experience in risk management

  • 2+ years of experience in presentation or communication

  • 1+ years of experience in change management

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.

McLean, VA: $96,500 - $110,100 for Sr. Risk Associate


Richmond, VA: $87,700 - $100,100 for Sr. Risk Associate


Riverwoods, IL: $87,700 - $100,100 for Sr. Risk Associate









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).


What Capital One employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom