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Entry Level Risk Analyst Jobs in Illinois (NOW HIRING)

Risk, Quality and Safety Banner Staffing Services (BSS) also offers Registry/Per Diem opportunities ... from entry-level to leadership positions, and extend our innovation to employment settings by ...

Industry/Sector Not Applicable Specialism Data, Analytics & AI Management Level Senior Associate ... PwC does not intend to hire experienced or entry level job seekers who will need, now or in the ...

Chicago, IL (Hybrid) - Employment Type: Full-Time - Experience: Entry Level GAINS is on a mission ... risk, and drive business outcomes. This role is designed to develop you quickly--giving you the ...

... Entry Level About GAINS GAINS is on a mission to make supply chains smarter, faster, and self ... risk, and drive business outcomes. This role is designed to develop you quickly--giving you the ...

... Entry Level About GAINS GAINS is on a mission to make supply chains smarter, faster, and self ... risk, and drive business outcomes. This role is designed to develop you quickly-giving you the ...

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Entry Level Risk Analyst information

See Illinois salary details

$14

$39

$63

How much do entry level risk analyst jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for entry level risk analyst in Illinois is $39.23, according to ZipRecruiter salary data. Most workers in this role earn between $28.89 and $47.74 per hour, depending on experience, location, and employer.

What is an entry level risk analyst?

An Entry Level Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact an organization’s financial stability and operations. They analyze data, create reports, and assist in developing risk management strategies under the guidance of senior analysts. This role typically involves working with financial models, market trends, and regulatory guidelines to support decision-making. Strong analytical skills, attention to detail, and proficiency in risk assessment tools are essential for success in this position.

What are some typical challenges faced by entry level risk analysts, and how can new hires prepare for them?

Entry Level Risk Analysts often face challenges such as quickly interpreting large volumes of complex data, adapting to evolving regulatory requirements, and learning industry-specific risk assessment methodologies. New hires can prepare by familiarizing themselves with common risk metrics, staying updated on regulatory changes, and practicing effective data analysis. It's also helpful to proactively seek guidance from more experienced team members and participate in relevant training sessions. With diligence and curiosity, most analysts develop confidence and expertise rapidly in this collaborative, knowledge-driven work environment.

What are the key skills and qualifications needed to thrive in the entry level risk analyst position, and why are they important?

To thrive as an Entry Level Risk Analyst, you need strong analytical abilities, attention to detail, and a foundational understanding of finance, economics, or a related field, often supported by a relevant bachelor’s degree. Familiarity with risk management software, Excel, and data analysis tools is advantageous, and some companies value certifications like FRM or CFA Level I. Excellent communication, problem-solving skills, and the ability to work collaboratively make candidates stand out in this role. These skills and qualities are critical for accurately assessing risks, providing actionable insights, and supporting effective decision-making within the organization.

Are entry level risk analyst jobs in high demand?

Entry level risk analyst jobs are in steady demand across various industries such as finance, insurance, and consulting, driven by the need for organizations to manage financial and operational risks. These roles often require skills in data analysis, risk assessment, and familiarity with tools like Excel or risk management software, making them a stable career option for recent graduates.

How hard is it to become an entry level risk analyst?

Becoming an entry level risk analyst typically requires a bachelor's degree in finance, economics, or a related field. Developing skills in data analysis, risk assessment, and familiarity with tools like Excel or risk management software can help, but the role generally has a moderate entry barrier with relevant internships or certifications enhancing prospects.

How to become an entry level risk analyst with no experience?

To become an entry level risk analyst with no experience, focus on gaining relevant skills such as data analysis, Excel, and basic understanding of risk management principles through online courses or certifications. A bachelor's degree in finance, economics, or a related field is typically required, and internships or volunteer work can help build practical experience. Demonstrating strong analytical abilities and attention to detail can improve your chances of entering the field.

What qualifications do I need to be an entry level risk analyst?

An entry-level risk analyst typically needs a bachelor's degree in finance, economics, statistics, or a related field. Strong analytical skills, proficiency in Excel and data analysis tools, and knowledge of risk management principles are also important for this role.

What are the most commonly searched types of Risk Analyst jobs in Illinois?

The most popular types of Risk Analyst jobs in Illinois are:

What are popular job titles related to Entry Level Risk Analyst jobs in Illinois?

For Entry Level Risk Analyst jobs in Illinois, the most frequently searched job titles are:

What cities in Illinois are hiring for Entry Level Risk Analyst jobs?

Cities in Illinois with the most Entry Level Risk Analyst job openings:

Infographic showing various Entry Level Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 91% Full Time, 6% Part Time, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $81,601 per year, or $39.2 per hour.

Quality Audit Analyst NE

Bannerhealth

Banner, IL • Hybrid

Part-time

Medical, Retirement, PTO

Posted 6 days ago


Job description

Primary City/State:

Phoenix, Arizona

Department Name:

Work Shift:

Day

Job Category:

Risk, Quality and Safety

Banner Staffing Services (BSS) also offers Registry/Per Diem opportunities within Banner Health. Registry/Per Diem positions are utilized as needed within our facilities. These positions are great way to start your career with Banner Health. As a BSS team member, you are eligible to apply (at any time) as an internal applicant to any regular opportunities within Banner Health.

Banner Plans & Networks (BPN) is a nationally recognized healthcare leader that integrates Medicare and private health plans. Our main goal is to reduce healthcare costs while keeping our members in optimal health. BPN is known for its innovative, collaborative, and team-oriented approach to healthcare. We offer diverse career opportunities, from entry-level to leadership positions, and extend our innovation to employment settings by including remote and hybrid opportunities.

As a Quality Audit Analyst, you will be a vital part of the Health Plan Quality Management Team. This role focuses on Behavioral Health chart reviews, policy and procedure evaluations, onsite agency audits, and providing technical assistance to ensure our contracted providers meet regulatory and contractual standards. This role offers a strong opportunity to grow within a managed care organization and develop valuable experience in quality management and process improvement.

Key Responsibilities:

  • Independently conduct remote and onsite audits of contracted Behavioral Health Agencies, including comprehensive medical record reviews, policy and procedure assessments, and verification of regulatory compliance.
  • Initiate and coordinate audit scheduling with agencies and maintain consistent communication using virtual tools.
  • Provide real time feedback and technical assistance to agencies to help them meet or maintain compliance and improve documentation practices.
  • Compile detailed audit reports outlining findings, corrective actions, and quality improvement recommendations.
  • Navigate a variety of Electronic Health Record systems to locate, review, and assess clinical documentation.

Additional Details:

  • This is a Banner Staffing Services assignment-based position.
  • Schedule: Monday-Friday, 8:00 a.m.-4:30 p.m.
  • Expected Hours: 40 hours per week
  • Benefits: This role does not include Medical or Paid Time Off (PTO) benefits.
  • Arizona residency required. This is a hybrid/remote position for all planning, documentation, and communication; however, onsite audits are required.
  • Travel required to assigned agencies, typically up to several onsite visits per month depending on caseload.
  • Candidates must be self motivated, detail oriented, and possess strong computer skills, including proficiency in Microsoft Word, Excel, Outlook, Teams, and comfort navigating various EHR systems.
  • Success in this role requires the ability to work independently, manage time effectively, and meet daily and weekly productivity metrics.

As a valued and respected Banner Health team member, you will enjoy:

  • Competitive wages
  • Paid orientation
  • Flexible Schedules (select positions)
  • Fewer Shifts Cancelled
  • Weekly pay
  • 403(b) Pre-tax retirement
  • Employee Assistance Program
  • Employee wellness program
  • Discount Entertainment tickets
  • Restaurant/Shopping discounts
  • Auto Purchase Plan

BSS Registry positions do not have guaranteed hours and no medical benefits package is offered. BSS requires Completion of post-offer Occupational Health physical assessment, drug screen and background check (includes; employment, criminal and education).

POSITION SUMMARY
This position will be responsible for activities involving quality management and compliance with applicable regulatory requirements (AHCCCS, Banner Health Plan, Arizona Complete Care Contract ). Responsibilities will include working in a multidisciplinary environment requiring a broad range of experience, analytical, communications and interpersonal skills. Responsible for implementing and monitoring program providers, applicable regulatory and statutory requirements, and defining quality requirements for development of audit tools based on ACC Contract. Coordinate and educate quality guidelines and performance measures with providers. Assist in the root cause analysis and any associated corrective and preventive action(s) in response to provider audits. Conduct audits, including risk assessments and tracks and trend results of medical record reviews creating audit finding reports and approval of proper corrective and preventive actions, while providing technical assistance and training to providers and staff in methodologies and tools of continuous quality improvement. Close out audit findings while ensuring timely resolution of investigations and associated corrective actions.
CORE FUNCTIONS
1. Uses best practices and knowledge of internal or external business challenges to suggest improvements to services, processes or products.
2. Solves complex problems. Takes a new perspective using existing solutions.
3. Interprets customer needs, assesses requirements and identifies solutions to non-standard requests. Interacts primarily with department and cross-department peers, supervisor, customers, peers' managers, patients and physicians.
4. Makes decisions within approved operating plans and objectives and within functional policies and precedents. Determines how and when to achieve results.
MINIMUM QUALIFICATIONS
Bachelor's degree or equivalent working knowledge in the field of Behavioral Health related fields.
Two to four years of relevant experience in quality management, process improvement, project leadership, organization/time management skills, data collection/analysis, client relations, program development, streamline processes, project evaluation, budget management, training and development.
PREFERRED QUALIFICATIONS
AZ Board of Behavioral Health Licensing and/or CPHQ
Additional related education and/or experience preferred.

EEO Statement:

EEO/Disabled/Veterans

Our organization supports a drug-free work environment.

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