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Control Risk Jobs in Illinois (NOW HIRING)

Capital One

Principal Risk Manager

Chicago, IL · On-site

Performs control design reviews and compliance risk assessments. * Monitors the risk and control environment for weaknesses and identifies solutions to improve the effectiveness and efficiency of ...

Capital One

Principal Risk Manager

Riverwoods, IL · On-site

Performs control design reviews and compliance risk assessments. * Monitors the risk and control environment for weaknesses and identifies solutions to improve the effectiveness and efficiency of ...

Early Warning Services

IT Risk Manager

Chicago, IL · Hybrid

Own and maintain business-line's process inventory and internal control environment inventory. * Work with Compliance (and other Risk functions) to obtain a high-level understanding of and monitor ...

Gotion Inc.

Project Manager (Battery)

Manteno, IL

Manage the planning, resource allocation, progress control, risk management, quality assurance and other aspects of battery projects. During the battery mass production stage, pay attention to and ...

AIG

Casualty Risk Consultant

Chicago, IL

Risk ConsultingatAIG AIG Risk Consulting helps AIG's Underwriting teams identify, understand, and ... This loss control position will work closely with AIG Underwriters to evaluate the operations ...

Smarkets

Chief Risk Officer

Chicago, IL · On-site

Proficiency with established risk assessment frameworks (COSO ERM, ISO 31000) and control testing, applied across financial, operational, and systemic risk. CFA or FRM certification is desirable.

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Control Risk information

See Illinois salary details

$5

$26

$35

How much do control risk jobs pay per hour?

As of Jun 21, 2026, the average hourly pay for control risk in Illinois is $26.71, according to ZipRecruiter salary data. Most workers in this role earn between $22.36 and $30.77 per hour, depending on experience, location, and employer.

What are Control Risk professionals?

Control Risk professionals are experts who help organizations identify, assess, and mitigate risks that could impact their operations, assets, or reputation. They work to design and implement systems of internal controls to prevent fraud, ensure compliance with laws and regulations, and support effective risk management. Their roles span various industries and may involve tasks such as risk assessments, audits, crisis management, and developing strategies to address potential threats. By proactively managing risks, they help organizations achieve their objectives and maintain resilience in a changing environment.

What is the difference between Control Risk vs Compliance Officer?

AspectControl RiskCompliance Officer
Primary FocusRisk management, internal controls, and mitigation strategiesEnsuring adherence to laws, regulations, and policies
CertificationsRisk management certifications (e.g., CRM, FRM)Compliance certifications (e.g., CCEP, CAMS)
Work EnvironmentCorporate, consulting, or financial institutionsFinancial institutions, corporations, regulatory agencies
Industry UsageRisk assessment and control implementationMonitoring and enforcing compliance standards

While both roles focus on organizational integrity, Control Risk professionals primarily manage risk mitigation strategies, whereas Compliance Officers ensure adherence to legal and regulatory requirements. Both roles are vital in maintaining a company's reputation and operational stability, often working closely together but with distinct responsibilities.

What are the key skills and qualifications needed to thrive as a Control Risk Analyst, and why are they important?

To thrive as a Control Risk Analyst, you need strong analytical skills, knowledge of risk management principles, and typically a degree in finance, accounting, or a related field. Familiarity with risk assessment tools, auditing software, and regulatory compliance systems such as COSO or SOX is important. Attention to detail, critical thinking, and strong communication skills help you effectively evaluate controls and collaborate with stakeholders. These competencies are crucial for proactively identifying and mitigating risks, ensuring regulatory compliance, and protecting organizational assets.

How does a Control Risk professional typically collaborate with other departments to manage organizational risk?

Control Risk professionals often work closely with departments such as finance, operations, IT, and compliance to identify, assess, and mitigate risks that could affect the organization. They facilitate regular risk assessments, coordinate cross-functional meetings, and communicate risk findings and recommendations to stakeholders. This collaboration ensures that risk management strategies are integrated into business processes and that all teams are aligned in implementing controls and responding to potential threats. Effective communication and relationship-building are key skills for success in this role.
Control Risk jobs near you
Principal Risk Manager

Principal Risk Manager

Capital One

Chicago, IL • On-site

Full-time

Posted 15 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

Principal Risk Manager

The Principal Risk Specialist is responsible for performing business compliance and operational risk and control activities. They are also responsible for educating and training the business to ensure compliance with regulations. They will also evaluate current operations across the business to identify areas for enhancements. They will serve also as partners with the business to implement processes.
Responsibilities:

  • Creates and distributes monthly risk and project process reporting.

  • Provides education and monitors the business on requirements of company policies and standards related to risk and control ownership.

  • Develops and implements job aids and tools to facilitate efficient completion of policy and standard requirements.

  • Identifies and implements effective controls to manage operational, financial, and compliance risks.

  • Maintains an accurate library of risks and controls. Performs control design reviews and compliance risk assessments.

  • Monitors the risk and control environment for weaknesses and identifies solutions to improve the effectiveness and efficiency of controls.

  • Executes control testing plans.

  • Leads the completion of projects and develops, implements, and administers control standardization and workflow solutions.

  • Creates continual monitoring exception reports for critical business processes.

  • Works as a liaison between Payments Risk and partners such as Operational Risk

  • Management, Internal Audit, Third Party Risk Management, etc.


Basic Qualifications:

  • Bachelor's Degree in Business Or Marketing.

  • 4+ years of experience in Financial Services, Marketing, Compliance, Internal Audit Operations or Vendor Management.

Preferred Qualifications:

  • 6+ years of experience in Financial Services, Marketing, Compliance, Internal Audit Operations, Vendor Management areas, Operational and Regulatory risk.

  • Payments/Financial industry experience

  • Excellent presentation skills


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.

Chicago, IL: $109,900 - $125,400 for Principal Risk Specialist


McLean, VA: $120,800 - $137,900 for Principal Risk Specialist


Richmond, VA: $109,900 - $125,400 for Principal Risk Specialist


Riverwoods, IL: $109,900 - $125,400 for Principal Risk Specialist








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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