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Associate Risk Analyst Jobs in Riverwoods, IL (NOW HIRING)

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 ...

inlandgroup

Director of Risk Management

Oak Brook, IL · On-site

Conduct comprehensive risk assessments and enterprise risk analysis , identifying exposures and ... ARM (Associate in Risk Management) strongly preferred Skills & Technical Expertise * Expert-level ...

RWE

Credit Risk Associate

Chicago, IL

$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 ...

RWE

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 ...

Clear Street

Associate Director, Risk & Margin

Chicago, IL · On-site

$125K - $170K/yr

... 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 ...

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All JobsAssociate Risk Analyst JobsAssociate Risk Analyst Jobs in Riverwoods, IL

Associate Risk Analyst information

See Riverwoods, IL salary details

$15

$42

$68

How much do associate risk analyst jobs pay per hour?

As of Jul 4, 2026, the average hourly pay for associate risk analyst in Riverwoods, IL is $42.03, according to ZipRecruiter salary data. Most workers in this role earn between $30.96 and $51.15 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.
Associate Risk Analyst jobs near you
Associate Manager, Risk Operations (LH-BPO)

Associate Manager, Risk Operations (LH-BPO)

SS&C

Chicago, IL • Hybrid

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 22 days ago

Job description

As a leading financial services and healthcare technology company based on revenue, SS&C is headquartered in Windsor, Connecticut, and has 27,000+ employees in 35 countries. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Job Description

Associate Manager, Risk Operations

Locations: Chicago | NYC | Florida| Hybrid

About the Role

SS&C, through our partnership with Lighthouse Investment Partners, LLC is seeking a highly motivated and experienced Associate Manager of Risk Operations to join our team. This position supports the client's alternative investment platform with a focus on macro strategies. This role is flexible to be based in either the client's Chicago, IL, Palm Beach Gardens, FL or New York, NY office and will report directly to the Head of Risk and Senior Manager Risk Operations. This role is ideal for candidates with strong analytical skills and a passion for financial data who are looking to grow within a dynamic and collaborative environment.

Why Join SS&C

SS&C combines proprietary technology with deep industry expertise to support complex financial and health care operations. Our teams design, implement, and operate solutions that help clients manage data, automate processes, and scale their businesses with confidence.

You will work with industry experts, modern platforms, and evolving technologies, gaining exposure to real-world operational challenges and large-scale enterprise environments.

How You Will Make an Impact

  • Assist in maintaining and enhancing investment data systems and databases;
  • Perform data validation and quality checks to ensure accuracy and consistency;
  • Support the development of dashboards and reporting tools for portfolio analysis;
  • Collaborate with colleagues to conduct research and generate insights for investment strategies;
  • Help prepare data-driven materials for internal and external presentations;
  • Take ownership of ad hoc data projects and deliver results in a timely manner;
  • Stay current with financial markets and data trends to support investment decisions.

Required Experience

  • 2-5 years of relevant experience in risk analysis, financial data, or investment operations
  • Experience working with investment risk analytics platforms such as MSCI RiskMetrics, Bloomberg MARS, or similar tools
  • Bachelor's degree in Finance, Economics, Data Science, or a related field

What Sets You Apart

  • Progress toward CFA or similar certification
  • Bachelor's degree in Finance, Economics, Data Science, or a related field
  • Excellent attention to detail and organizational skills
  • Ability to work independently and as part of a team
  • Strong communication skills, both written and verbal
  • Eagerness to learn and grow in a fast-paced environment
  • Exposure to portfolio risk metrics and scenario analysis
  • Experience with data visualization tools (e.g., Power BI, Tableau)
  • Strong proficiency in Microsoft Excel; familiarity with SQL and Python is a plus

Join SS&C, where innovation meets global opportunities. Click here to apply.

#LI-HW1 #LI-HYBRID #CA-HW

Unless explicitly requested or approached by SS&C Technologies, Inc. or any of its affiliated companies, the company will not accept unsolicited resumes from headhunters, recruitment agencies, or fee-based recruitment services.

SS&C Technologies offers a comprehensive total rewards package designed to support your wellbeing, growth, and future. Our benefits include medical, dental, and vision coverage; a 401(k) plan with company match; paid time off, holidays, and parental leave; and professional development reimbursement opportunity.

Applications will be accepted on an ongoing basis until the position is filled.

SS&C Technologies is an Equal Employment Opportunity employer and does not discriminate against any applicant for employment or employee on the basis of race, color, religious creed, gender, age, marital status, sexual orientation, national origin, disability, veteran status or any other classification protected by applicable discrimination laws.

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