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Associate Risk Manager Jobs in Chicago, IL (NOW HIRING)

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services. The Risk ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL

$81K - $135K/yr

The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services. The Risk ...

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 ... Manage the daily calculation, issuance, and settlement of margin calls. * Ensure the accurate and ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

With management's "Open Door" policy, every employee has a voice. Everyone helps as FIRST ... The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and ...

Wintrust

Risk Management Analyst

Northbrook, IL

With management's "Open Door" policy, every employee has a voice. Everyone helps as FIRST ... The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and ...

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All JobsAssociate Risk JobsAssociate Risk Manager JobsAssociate Risk Manager Jobs in Chicago, IL

Associate Risk Manager information

See Chicago, IL salary details

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How much do associate risk manager jobs pay per hour?

As of Aug 16, 2026, the average hourly pay for associate risk manager in Chicago, IL is $26.18, according to ZipRecruiter salary data. Most workers in this role earn between $17.84 and $30.72 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an associate risk manager?

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 Chicago, IL?

The most popular types of Risk Manager jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Associate Risk Manager jobs?

Cities near Chicago, IL with the most Associate Risk Manager job openings:

Associate Risk Manager jobs near you
Infographic showing various Associate Risk Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $54,456 per year, or $26.2 per hour.

Risk & Compliance Associate

Addison Group

Chicago, IL • On-site

$50 - $60/hr

Contractor

Medical, Dental, Vision, Retirement

Re-posted yesterday

Job description

Job Title: Risk & Compliance Associate

 Location: Chicago, IL

 Industry: Management Consulting

 Compensation: $50 – $60 / hour (Contract)

 Work Schedule: Monday–Friday, 8:00 AM–5:00 PM - HYBRID

 Benefits: This position is eligible for medical, dental, vision, and 401(k).

 

About Our Client:

Addison Group is partnering with a global management consulting organization to identify a Risk & Compliance Associate. Our client is recognized for its collaborative culture, strong leadership accessibility, and commitment to professional growth. This opportunity offers exposure to global operations, enterprise risk management initiatives, and high-impact compliance programs within a respected international organization.

 

Job Description:

The Risk & Compliance Associate will support the organization's global compliance, ethics, and enterprise risk management initiatives. Reporting to senior legal leadership, this individual will partner with cross-functional teams to strengthen compliance processes, manage risk-related workflows, support internal investigations, and help maintain a culture of integrity across the business.

 

Key Responsibilities:

  • Support global compliance and ethics programs by partnering with internal stakeholders to promote adherence to company policies and regulatory requirements.
  • Assist with the administration and continuous improvement of business integrity initiatives and compliance processes.
  • Manage compliance workflows, including ethics hotline intake and case management activities.
  • Coordinate and support internal investigations related to employee concerns, conflicts of interest, policy violations, and other compliance matters.
  • Maintain detailed records, reporting, and documentation to ensure audit readiness and process consistency.
  • Update and enhance compliance policies and controls, including areas such as code of conduct, anti-bribery, gifts and entertainment, and personal investments.
  • Collaborate with Learning & Development teams to support compliance training initiatives.
  • Monitor regulatory developments and emerging industry trends, recommending process improvements as needed.
  • Assist with enterprise risk management activities by identifying, assessing, and mitigating organizational risks.
  • Prepare reports and presentations for legal leadership and senior stakeholders.
  • Support the evaluation and implementation of AI-enabled tools and compliance technologies to improve operational efficiency.

Qualifications:

  • Bachelor's degree required; advanced degree (J.D., M.B.A., or related field) preferred.
  • 4–7+ years of experience in compliance, risk management, legal operations, investigations, or a related field.
  • Prior experience within professional services environments strongly preferred; financial services experience may also be considered.
  • Background as a Compliance Analyst, Risk Analyst, Legal Operations professional, or Paralegal preferred.
  • Experience managing projects and driving process improvements.
  • Strong analytical, organizational, and problem-solving skills.
  • Advanced proficiency with Microsoft Office applications, particularly Excel and PowerPoint.
  • Excellent written, verbal, and presentation skills with the ability to communicate effectively across all levels of an organization.
  • Experience with compliance technologies, governance platforms, or case management systems is a plus.
  • Demonstrated interest in emerging technologies and AI tools, including awareness of related governance and compliance considerations.
  • Ability to manage multiple priorities and work effectively in a fast-paced, collaborative environment.

Perks:

  • Opportunity to join a globally recognized consulting organization with strong brand recognition.
  • Exposure to enterprise risk management, corporate governance, and global compliance initiatives.
  • Opportunity to broaden expertise beyond traditional compliance responsibilities.
Addison Group is an Equal Opportunity Employer. Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Reasonable accommodation is available for qualified individuals with disabilities, upon request.