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Associate Risk Analyst Jobs in Elk Grove Village, IL

Jensen Hughes

Associate Investigative Analyst

Chicago, IL · On-site

$24 - $26/hr

Today, our expertise extends broadly across closely related security and risk-based fields - from ... Job Overview Jensen Hughes has an exciting new position for an Associate Analyst in our Chicago ...

Mars

Operational Risk Manager, Engineering

Chicago, IL · On-site

Strong analytical and problem-solving skills with the ability to interpret risk data and identify ... Support global stakeholder groups and working with Associates across all Mars locations; managing ...

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All JobsAssociate Risk Analyst JobsAssociate Risk Analyst Jobs in Elk Grove Village, IL

Associate Risk Analyst information

See Elk Grove Village, IL salary details

$15

$39

$64

How much do associate risk analyst jobs pay per hour?

As of Sep 6, 2026, the average hourly pay for associate risk analyst in Elk Grove Village, IL is $39.95, according to ZipRecruiter salary data. Most workers in this role earn between $29.42 and $48.61 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.

Do risk analysts make good money?

Risk analysts typically earn a competitive salary that varies by industry, experience, and location. Entry-level positions often start around $60,000 annually, with experienced analysts earning over $100,000, especially in finance or insurance sectors. Skills in data analysis, risk assessment, and certifications like FRM or CFA can enhance earning potential.

How much do associate risk analysts get paid?

Associate risk analysts typically earn a median annual salary of around $60,000 to $70,000, depending on experience, location, and industry. Entry-level positions may start lower, while those with specialized skills or certifications can earn higher salaries. Compensation often includes benefits such as health insurance and retirement plans.

Is risk analyst a hard job?

A risk analyst role involves analyzing data to identify potential risks and developing strategies to mitigate them, which requires strong analytical skills, attention to detail, and proficiency with data analysis tools. The job can be demanding due to the need for accuracy, problem-solving, and often working under tight deadlines, but it is manageable with proper training and experience.

What are the most commonly searched types of Risk Analyst jobs in Elk Grove Village, IL?

The most popular types of Risk Analyst jobs in Elk Grove Village, IL are:

What are popular job titles related to Associate Risk Analyst jobs in Elk Grove Village, IL?

For Associate Risk Analyst jobs in Elk Grove Village, IL, the most frequently searched job titles are:

What job categories do people searching Associate Risk Analyst jobs in Elk Grove Village, IL look for?

The top searched job categories for Associate Risk Analyst jobs in Elk Grove Village, IL are:

What cities near Elk Grove Village, IL are hiring for Associate Risk Analyst jobs?

Cities near Elk Grove Village, IL with the most Associate Risk Analyst job openings:

Associate Risk Analyst jobs near you
Infographic showing various Associate Risk Analyst job openings in Elk Grove Village, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 73% In-person, and 27% Remote job distribution, with an average salary of $83,087 per year, or $39.9 per hour.

Director of Risk Management

The Inland Real Estate Group LLC

Oak Brook, IL • On-site

$145K - $189K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

The Inland Real Estate Group of Companies, a diversified real estate, investment, and financial services organization, is seeking an experienced Director of Risk Management to lead and advance our enterprise-wide risk management strategy. This is a highly visible, senior-level role with broad exposure to executive leadership and multiple business lines across the organization.
Reporting directly to the Chief Risk Officer, EVP, the Director of Risk Management will oversee complex insurance programs, captive operations, claims management, and key financial and strategic risk initiatives. Inland Risk Management operates as a shared service model, offering the opportunity to collaborate closely with leaders across the firm and influence risk strategy at an enterprise level.
Key Responsibilities
  • Lead the placement, structure, and ongoing management of complex property & casualty insurance programs, including D&O/E&O, Cyber, EPL, Fiduciary, Crime, and Workers' Compensation.
  • Oversee claims management, ensuring effective resolution and cost control.
  • Manage and grow a single-parent captive insurance program domiciled in Vermont, coordinating with brokers, captive managers, and internal stakeholders to maximize utilization and revenue opportunities.
  • Conduct comprehensive risk assessments and enterprise risk analysis, identifying exposures and developing mitigation strategies.
  • Support and participate in Enterprise Risk Management (ERM) and Environmental, Social & Governance (ESG) initiatives.
  • Develop and execute strategies for collateral recovery, strengthening financial outcomes and reducing losses.
  • Perform risk-related financial forecasting, providing insight and recommendations to support strategic decision-making.
  • Participate in group P&L reviews, analyzing trends, variances, and opportunities for improvement.
  • Serve as a key advisor to leadership on insurance market conditions, coverage optimization, and cost containment.
  • Develop, implement, and maintain risk management policies and procedures in alignment with regulatory and industry best practices.
  • Act as a key member of the Cyber Security Incident Response Team and ESG committee.
  • Lead, mentor, and develop the risk management team, fostering professional growth and continuous improvement.
  • Perform supervisory duties including hiring, performance management, coaching, promotion, and disciplinary actions.
  • Maintain the highest standards of professionalism, integrity, and compliance with all laws, policies, and regulations.
  • Perform other duties as assigned.

Supervisory Responsibility
  • Directly supervises two team members:
    • Administrative Assistant
    • Claims Specialist

Qualifications
Education
  • Bachelor's degree with a concentration in Risk Management, Finance, or equivalent professional experience required

Experience
  • 10+ years of progressive experience in Risk Management, Claims, Loss Control, Insurance, and Financial Management
  • Demonstrated experience with captive insurance administration (required)

Licenses & Certifications
  • Property & Casualty License - required (or able to obtain within 1 year)
  • ARM (Associate in Risk Management) strongly preferred

Skills & Technical Expertise
  • Expert-level Microsoft Excel skills
  • Proficiency in Microsoft Word and Outlook
  • Experience with RMIS and TPA systems
  • Strong analytical, financial, and problem-solving skills
  • Excellent written and verbal communication abilities
  • Proven leadership skills with the ability to influence across diverse business groups

Why Join Inland
  • High-impact, enterprise-level leadership role
  • Exposure to executive leadership and multiple business platforms
  • Opportunity to shape and grow a sophisticated risk function and captive program
  • Stable, well-established organization with a long-term view

Annual Base Salary Range: $145,567-$189,237. This position is eligible to participate in the company's annual discretionary bonus program.
Inland offers a competitive range of benefits for eligible Full-time employees:
  • Medical/Dental/Vision insurance (PPO)
  • Participation in the company 401(k) plan with a company match
  • Vacation Time, Nine Paid Holidays, Three floating holidays per year
  • Sick time
  • Tuition reimbursement opportunity
  • Company-paid life insurance equaling your annual base salary
  • Company-paid short-term and long-term disability
  • Paid Parental Leave

This position is eligible as an internal promotion opportunity.
To learn more about the Benefits Inland offers its employees please click the link to learn more.
As part of our commitment to an efficient and consistent hiring experience, The Inland Real Estate Group, LLC and its affiliated companies ("Inland") may utilize artificial intelligence ("AI") or automated technologies to assist in certain aspects of the recruitment and hiring process, including resume review and candidate screening. AI-enabled tools are used to support hiring decisions and are not used as the sole basis for employment decisions. All employment decisions are reviewed and made by qualified Inland professionals.
We are a drug-free workplace. Pre-employment background checks and drug screening are conducted for all new hires in accordance with applicable laws and regulations.
Inland is committed to equal employment opportunity and considers applicants for all positions without regard to race, color,
religion, sex, national origin, age, sexual orientation, familial status, marital status, veteran status, disability, or any other status protected by applicable law. We do not use AI or any selection tools in a manner that results in unlawful discrimination based on any protected characteristic.
If you require a reasonable accommodation or an alternative method of assessment during any stage of the recruiting process, please contact our Talent Acquisition team at recruiting@inlandgroup.com.
Where required by applicable law, Inland will provide additional disclosures and obtain any necessary consent before using certain AI-enabled technologies. Candidates may request additional information regarding Inland's use of AI in the hiring process at any time.
We are an E-Verify employer. Please click the following link to learn more.

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