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

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 ...

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

Sr. Associate, Data Analyst - Risk At Capital One, data is at the center of everything we do. When we launched as a startup we disrupted the credit card industry by individually personalizing every ...

... 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 ...

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk ... Provides specialized consulting, analytical and technical support. * Exercises judgment to identify ...

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Associate Risk Analyst information

See Riverwoods, IL salary details

$15

$42

$68

How much do associate risk analyst jobs pay per hour?

As of Jun 9, 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 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.

Infographic showing various Associate Risk Analyst job openings in Riverwoods, IL as of June 2026, with employment types broken down into 31% Full Time, and 69% Part Time. Highlights an 46% In-person, and 54% Hybrid job distribution, with an average salary of $87,429 per year, or $42 per hour.
Principal Risk Associate

Principal Risk Associate

Capital One

Riverwoods, IL

Full-time

Posted 25 days ago


Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 134 frontline employees who took The Breakroom Quiz

72nd of 141 rated banks


Job description

Principal Risk Associate

As a Principal Risk Associate at Capital One you'll be responsible for working with business partners to identify and mitigate potential risks to Capital One. Principal Risk Associates at Capital One are the front line of defense to ensure our Company remains stable and profitable.

Principal Risk Associates at Capital One are highly motivated Risk Management professionals with excellent organizational and communication skills. They have a high level of exposure across lines of business and have the opportunity to create and implement innovative solutions to identify and mitigate potential risks to the Company.

We are currently seeking a results driven professional with outstanding problem solving skills and strategic orientation to join the Enterprise Risk Management team. Strong attention to detail, process management, and communication capabilities are essential for this role. This individual should feel comfortable navigating through the "grey" area and formulating problems and recommendations.

Responsibilities:

  • Drive process improvements aligned to enterprise risk management objectives, including creation of new risk processes

  • Lead or support projects specific to strategic alignment across risk identification, risk appetite, and metric processes

  • Perform analysis leveraging data and insights to define problems and identify solutions

  • Liaise activities across multiple teams to ensure alignment of priorities and strategies

  • Support governance activities, including management of controls, audit, exams, and data governance

  • Support reporting processes, including creation of executive level risk reports and presentation

  • Collaborate effectively with stakeholders and leaders across organization to achieve objectives

Basic Qualifications:

  • Bachelors Degree or military experience

  • At least 3 years of Risk Management experience

  • At least 3 years of experience supporting, partnering and interacting with internal business partners

Preferred Qualifications:

  • 4+ years of Risk Management experience

  • 3+ years of Financial Services Risk Management experience

  • 3+ years of Process Management experience

  • Ability to set direction, manage expectations and lead cross-functional projects

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: $120,800 - $137,900 for Principal Risk Specialist


Richmond, VA: $109,900 - $125,400 for Principal Risk Specialist


Riverwoods, IL: $109,900 - $125,400 for Principal Risk Specialist









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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