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

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 ...

Thinkbrg

IT Risk and Compliance Analyst

Chicago, IL · On-site

$90K - $115K/yr

The IT Risk and Compliance Analyst position is a highly visible, client facing role which works ... Associate Degree or equivalent work experience * 3 years of experience in two or more major ...

Prime Healthcare

Risk Management Manager

Chicago, IL

$70K - $102K/yr

Evaluates risk management program(s) through the use of data capture, follow up and trend analysis ... Associate in Risk Management (ARM) or Certified Professional in Healthcare Risk Management (CPHRM ...

Prime Healthcare

Risk Management Manager

Chicago, IL

$70K - $102K/yr

Evaluates risk management program(s) through the use of data capture, follow up and trend analysis ... Associate in Risk Management (ARM) or Certified Professional in Healthcare Risk Management (CPHRM ...

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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 Jun 15, 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.

Associate Risk Analyst jobs near you
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.
Associate Director, Risk & Margin

Associate Director, Risk & Margin

Clear Street

Chicago, IL • On-site

$125K - $170K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 7 days ago

Job description

About Clear Street:
Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.
We started from scratch by building a completely cloud-native clearing and custody system designed for today's complex, global market. Clear Street's proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.
By combining highly-skilled product and engineering talent with seasoned finance professionals, we're building the essentials to compete in today's fast-paced markets.
Overview
Clear Street, LLC is seeking an experienced and highly motivated Associate Director to join our Risk/ Margin team. This critical role involves overseeing daily margin activities, ensuring strict compliance with both regulatory mandates and internal house requirements, and developing strategic initiatives to enhance team performance and support business expansion. The successful candidate must possess deep expertise across several key areas: financial instruments, collateral management, relevant regulatory frameworks (including Federal Reserve - Regulation T, FINRA 4210, CFTC, and SEC 18a-3), and the end-to-end front-to-back office processes related to trading and clearing.
Key Responsibilities
Margin and Collateral Management
  • Manage the daily calculation, issuance, and settlement of margin calls.
  • Ensure the accurate and timely management of collateral, including eligibility assessments, optimization, and allocation.
  • Serve as a subject matter expert for margin methodologies, requirements, and internal firm house policy.
  • Spearhead efficiency and improvements within the collateral management infrastructure and operational workflows.
Regulatory Compliance and Reporting
  • Maintain a current understanding of evolving global financial regulations impacting risk and margin
  • Ensure departmental adherence to all relevant internal policies, external regulations, and audit requirements.
  • Manage the preparation and submission of internal and external regulatory reports related to risk, capital, and collateral.
  • Serve as a key contact for regulatory examinations and internal audits related to risk controls and margin processes.
Leadership and Strategy
  • Contribute to the strategic development and implementation of the firm's overall risk framework and technology roadmap.
  • Partner with Technology, Operations, Legal, and Front Office teams to execute new product launches and process enhancements.
  • Identify and implement automation opportunities to streamline risk and margin processes, reducing operational risk.
Qualifications
Essential
  • Bachelor's degree in Finance, Economics, Quantitative Methods, or a related field.
  • 7+ years of experience in margin management , risk management, collateral operations, or a quantitative finance role within a major financial institution (e.g., investment bank, clearing house, asset manager).

Desirable
  • Experience with risk management systems or collateral management platforms.
  • Proficiency in data analysis tools and programming languages (e.g., SQL, Python, R).
  • Excellent communication skills, both written and verbal, with the ability to articulate complex risk issues to senior management and diverse stakeholders.
  • Proven expertise in risk metrics (VaR, stress testing, PFE) and margin methodologies (SIMM, SPAN, etc.).
  • Strong knowledge of global derivatives markets, secured financing transactions

We Offer:
The Base Salary Range for this role is $125,000-170,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.
At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.
Our top priority is our people. We're continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse - in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.

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