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

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 ...

Risk Management Manager

Chicago, IL · On-site

$70K - $102K/yr

EDUCATION, EXPERIENCE, TRAINING 1. Bachelor of Science in Nursing or healthcare related field preferred. 2. Fellow or Diplomat of American Society of Healthcare Risk Managers Associate in Risk ...

Senior Auditor - Risk Management

Chicago, IL · On-site

$83K - $102K/yr

... Manager (CRM), Financial Risk Manager (FRM), or Credit Risk Certification (CRC) * 2+ year of ... This role is hybrid meaning associates typically spend 3 days per week in-person at one of our ...

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Associate Risk Manager information

See Elgin, IL salary details

$12

$25

$49

How much do associate risk manager jobs pay per hour?

As of Jun 18, 2026, the average hourly pay for associate risk manager in Elgin, IL is $25.12, according to ZipRecruiter salary data. Most workers in this role earn between $17.12 and $29.47 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 job categories do people searching Associate Risk Manager jobs in Elgin, IL look for? The top searched job categories for Associate Risk Manager jobs in Elgin, IL are:
What cities near Elgin, IL are hiring for Associate Risk Manager jobs? Cities near Elgin, IL with the most Associate Risk Manager job openings:
Senior Risk Advisory Associate

Senior Risk Advisory Associate

Capital One

Riverwoods, IL

Full-time

Posted 8 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 Advisory Associate

The Risk Management Risk Office is seeking an experienced, highly motivated Senior Risk Advisory Associate with a strong proven audit, risk, and process mind-set when it comes to working with business processes across Risk Management.

We are hiring a Risk Advisory Support Associate to focus on AML support and work closely with AML Leaders and Subject Matter Experts (SMEs) to deliver high quality, on-time Risk Management Risk team services and products. We are looking for an individual who has excellent organizational skills with strong attention to detail who can adapt to a changing environment. Strong written and verbal communication skills will also be necessary to succeed in this role. Finally, the role demands a client-focused individual who thrives in a fast-paced, dynamic, and collaborative team environment.

Duties and Responsibilities:

  • Facilitating AML risk assessment activities (Process Level Assessments, Risk and Control Self-Assessments, etc.);

  • Administering and coordinating deliverables, process support, and reporting related to AML audits and regulatory exams and findings;

  • Ensuring timely advice, effective challenge, and escalation to proactively identify risks, trends, and process improvements; support Risk Reporting team on risk topics to management;

  • Staying current on the changing regulatory environment and understand the risks & impacts to AML;

  • Creating and maintaining Risk Management GRC objects (e.g., Risks, Controls, Issues, etc) as appropriate, including updates resulting from data quality reporting or feedback through controls testing

  • Participating in risk forums and contributing to continuous improvement of risk management practices;

  • Building and maintaining strong relationships with internal stakeholders such as Audit, Regulatory Relations, and AML teams;

  • Building and maintaining a strong understanding of the AML people, processes, and technologies; and

  • Building and maintaining a strong understanding of overall Risk Management Framework (e.g. practices, policies, standards, etc.).

Basic Qualifications:

  • Bachelor's degree, military experience, or At least 4 years of professional experience

  • At least 1 year of experience in AML, audit, project management, or risk management

Preferred Qualifications:

  • 2+ years of experience in AML, audit, process management, project management, or risk management

  • Deep understanding of processes, risks, and controls and ability to communicate and evaluate the appropriateness of mitigating activities

  • Ability to effectively communicate findings to stakeholders

  • Strong critical thinking, analytical, and decision-making skills

  • Able to develop and maintain strong, credible relationships at various levels

  • Attention to detail, well-organized, can track items to closure

  • Ability to operate in a fast-paced environment and able to handle a number of simultaneous projects and tasks

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).


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