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Bank Operations Associate Jobs in Chicago, IL (NOW HIRING)

Busey Bank

Customer Care Advisor

Joliet, IL · On-site

$19 - $21/hr

Maintain customer confidence and protect bank operations by keeping information confidential ... In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible ...

Busey Bank

Customer Care Advisor

Joliet, IL · On-site

$19 - $21/hr

Maintain customer confidence and protect bank operations by keeping information confidential ... In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible ...

Busey Bank

Customer Care Advisor

Joliet, IL · On-site

$19 - $21/hr

Maintain customer confidence and protect bank operations by keeping information confidential ... In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible ...

Old National Bank

Middle Office Specialist

Joliet, IL · On-site

$17 - $27.50/hr

... associate feedback, coaching and mentoring. Key Competencies for Position Culture Leadership ... Qualifications and Education Requirements * 5+ years' experience in Trust operations, Bank ...

US Bank

Region Operations Leader

Chicago, IL

$124K - $146K/yr

Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make ... Manages and supports Registered Wealth Associates who are supporting Wealth Advisors in Illinois ...

New

Armed Forces Bank

Military Personal Banker

IL · On-site

$18/hr

Adhere to all bank compliance, security and operational policies and procedures, as well as ... Full-time associates are eligible for our benefits package: * Medical * Dental * Vision * 401(k) ...

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All JobsBank Operations Associate JobsBank Operations Associate Jobs in Chicago, IL

Bank Operations Associate information

See Chicago, IL salary details

$11

$27

$54

How much do bank operations associate jobs pay per hour?

As of Jul 20, 2026, the average hourly pay for bank operations associate in Chicago, IL is $27.04, according to ZipRecruiter salary data. Most workers in this role earn between $18.32 and $31.20 per hour, depending on experience, location, and employer.

What is the lowest position at a bank?

The lowest position at a bank is typically a bank teller or cashier, responsible for handling customer transactions and basic banking services. These roles often require minimal prior experience and serve as entry points into banking careers, with opportunities for advancement through experience and additional training.

What does an operations associate do at a bank?

An operations associate at a bank handles daily administrative and operational tasks such as processing transactions, maintaining account records, ensuring compliance with regulations, and supporting customer service. They often use banking software and may need knowledge of financial procedures and attention to detail to ensure smooth and accurate banking operations.

What is the difference between Bank Operations Associate vs Bank Teller?

AspectBank Operations AssociateBank Teller
Primary RoleSupports back-office banking functions, processes transactions, manages accounts, and ensures complianceHandles customer transactions, deposits, withdrawals, and provides basic banking services
Required SkillsAttention to detail, knowledge of banking procedures, data entry, and complianceCustomer service, cash handling, communication skills
Work EnvironmentOffice setting, back-end operationsBranch front-line customer service
CertificationsTypically no specific certifications required, but familiarity with banking software is commonUsually no certifications required

While both roles are essential in banking, Bank Operations Associates focus on back-office processes and compliance, whereas Bank Tellers interact directly with customers. Understanding these differences helps job seekers identify the right career path within banking operations.

What bank is paying $25 an hour?

Bank Operations Associates can earn around $25 an hour depending on experience, location, and the bank's pay structure. Salaries may vary based on the bank's size, geographic region, and whether the role involves additional responsibilities or certifications.

Is bank operations a good career?

Bank operations is a stable career that involves managing daily banking activities, processing transactions, and ensuring compliance. It often requires attention to detail, knowledge of banking software, and can offer opportunities for advancement within financial institutions.
What are the most commonly searched types of Bank Operations jobs in Chicago, IL? The most popular types of Bank Operations jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Bank Operations Associate jobs? Cities near Chicago, IL with the most Bank Operations Associate job openings:
Bank Operations Associate jobs near you

Loan Operations and Treasury/Finance Associate

Lafayette Square

Chicago, IL • On-site

$65K - $85K/yr

Full-time

Re-posted 6 days ago

Job description

Loan Operations and Treasury/Finance Associate
Reports to: Head of Loan Operations
Lafayette Square
Lafayette Square is a private credit firm lending capital to growing middle market companies in working-class places. The firm is driven by four key differentiators: a focus on non-sponsored deals, enhanced managerial assistance through its affiliated Worker Solutions® platform, a technology-first data-driven investment strategy through Potomac X Lafayette Square™, and institutional partnerships. Lafayette Square's thesis holds that working-class people and places are ignored by private credit, creating an attractive investment opportunity subject to conservative underwriting, enhanced managerial assistance, and technology. Lafayette Square aims to support 100,000 working-class jobs, invest 50% of capital in working-class places, and curate benefits for 50% of its portfolio by 2030.
Job Summary
The team is seeking a Loan & Treasury Operations Associate to support the loan operations, treasury and asset and liabilities teams as part of our Credit platform. The Associate must be detail-oriented, motivated and willing to ask questions to learn and grow in a start-up environment. The ideal candidate has a positive attitude and strong numerical aptitude, highly motivated to learn and grow within a fast-paced, deadline-driven organization. To be qualified, you must also have a strong accounting background, with excellent interpersonal skills to interact with internal and external customers.
Responsibilities
  • Day to day loan accounting, including time-sensitive new loan fundings, loan re-pricings, payment processing and all other loan activities in accordance with loan and security agreements
  • Daily cash reconciliations and cash liaison within the construct of an external custodian and fund administrator environment
  • Work closely with capital markets and liabilities teams on proper deal structuring
  • Assist in the development of term sheets and negotiation of leverage facilities
  • Work within the teams of Ops, Liabilities, Accounting, Treasury and Portfolio Management to ensure accuracy of cash reporting and loan accounting for our borrowers and investors
  • Preparation of monthly invoices to borrowers and lenders and insuring prompt receipt and disbursement of cash from multiple cash accounts
  • Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions for both assets and liabilities across multiple funds and leverage facilities
  • Perform book, bill and collect or pay functions using Wall Street Office (S&P Global) investment accounting software to ensure we receive payments in accordance with legal documentation and pay liabilities from appropriate business entities
  • Maintain and provide accurate data and report to multiple departments internally and externally as it relates to loan and cash accounting
  • Work closely with internal and external fund accountants to ensure assets, liabilities and cash accounting are reported timely to ensure smooth monthly & quarterly closes
  • Monitor and report on cash flow forecasting for both assets and liabilities
  • Perform scenario and risk analysis across exposures
  • Accounts payable duties for credit Platform including working closely with Finance team to ensure timely payment of expenses and reconcile those expenses between reimbursable by Borrower and expenses allocated to specific funds
  • Fulfilling requests of external auditors and providing accurate information for external reporting purposes

Requirements
  • Experience: 2 to 4 years in loan operations in financial services or banking industry. Ability to wear multiple hats as is expected in a rapidly growing firm
  • Self-motivated and willing to work across business units
  • Excellent credit risk and risk assessment skills
  • Knowledge of fund accounting and cash management
  • Being a Team Player with a positive attitude
  • Excellent communication and interpersonal skills
  • Strong attention to detail

Proficiency with Excel, PowerPoint and Microsoft Word, Wall Street Office
Compensation
$65,000 - $85,000
Contact
For more information, please email your resume to: careers@lafayettesquare.com

Apply