1

Associate Risk Manager Jobs in Illinois (NOW HIRING)

Clinical Risk Manager

Schaumburg, IL · Hybrid

$84K - $140K/yr

A background in a Clinical Risk Management position is encouraged but will consider qualified ... Minimum of Associate or Bachelor's degree in nursing with at least 1 year of Stop Loss Nursing ...

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 ...

next page

Showing results 1-20

Associate Risk Manager information

See Illinois salary details

$12

$25

$52

How much do associate risk manager jobs pay per hour?

As of Jun 18, 2026, the average hourly pay for associate risk manager in Illinois is $25.21, according to ZipRecruiter salary data. Most workers in this role earn between $17.02 and $28.37 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Associate Risk Manager, and why are they important?

To thrive as an Associate Risk Manager, you need strong analytical abilities, knowledge of risk assessment methodologies, and a bachelor's degree in finance, business, or a related field. Familiarity with risk management software, Microsoft Excel, and relevant certifications such as CRM or FRM are commonly expected. Excellent communication, problem-solving skills, and attention to detail help you collaborate effectively and identify potential risks. These competencies are crucial for identifying, evaluating, and mitigating organizational risks to support informed decision-making and safeguard company assets.

What are some common challenges an Associate Risk Manager faces when collaborating across departments?

Associate Risk Managers often work closely with various departments such as finance, operations, and compliance to identify and mitigate risks. A common challenge is ensuring clear communication and alignment, as different teams may have varying priorities and levels of risk awareness. Successfully navigating these dynamics requires strong interpersonal skills and the ability to translate complex risk concepts into actionable recommendations for non-specialists. Building trust and maintaining open lines of communication are key to fostering effective cross-departmental collaboration.

What is the difference between Associate Risk Manager vs Risk Analyst?

AspectAssociate Risk ManagerRisk Analyst
CredentialsBachelor's degree, certifications like CRM or FRM often preferredBachelor's degree, certifications like CRM or FRM beneficial
Work EnvironmentCollaborates with risk management teams, involved in strategy developmentAnalyzes data, assesses risks, supports risk management decisions
Employer & Industry UsageInsurance, banking, corporate risk departmentsFinancial services, insurance, consulting firms

The Associate Risk Manager and Risk Analyst roles share similar credentials and industry usage, but the Associate Risk Manager typically has more involvement in strategic planning and risk mitigation efforts, whereas the Risk Analyst focuses more on data analysis and risk assessment support.

What does an Associate Risk Manager do?

An Associate Risk Manager is responsible for helping organizations identify, assess, and minimize risks that could impact their operations, finances, or reputation. They work closely with senior risk managers to develop risk management strategies, conduct risk assessments, and implement control measures. Their duties may also include analyzing data, preparing reports, and ensuring compliance with regulatory requirements. This role is often entry-level or early-career, providing foundational experience in risk management practices. Associate Risk Managers play a key role in supporting the overall risk management framework within an organization.
What are the most commonly searched types of Risk Manager jobs in Illinois? The most popular types of Risk Manager jobs in Illinois are:
What are popular job titles related to Associate Risk Manager jobs in Illinois? For Associate Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Associate Risk Manager jobs in Illinois look for? The top searched job categories for Associate Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Associate Risk Manager jobs? Cities in Illinois with the most Associate Risk Manager job openings:
Senior Risk Associate, Upmarket & Discover Card - Card Risk(Hybrid)

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

Capital One

Riverwoods, IL

Full-time

Posted 28 days ago


Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 135 frontline employees who took The Breakroom Quiz

73rd of 141 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