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Entry Level Risk Analyst Jobs in Arlington Heights, IL

Sralab

Financial Analyst

Chicago, IL · Hybrid

$52K - $89K/yr

Perform financial risk and care/cost variation analysis including some advanced statistical ... * Entry level to 2 years of experience with basic financial skills, including a working ...

Shirley Ryan AbilityLab

Financial Analyst

Chicago, IL · On-site

$52K - $89K/yr

Perform financial risk and care/cost variation analysis including some advanced statistical ... * Entry level to 2 years of experience with basic financial skills, including a working ...

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All JobsRisk Analyst JobsEntry Level Risk Analyst JobsEntry Level Risk Analyst Jobs in Arlington Heights, IL

Entry Level Risk Analyst information

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$65

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

As of Aug 8, 2026, the average hourly pay for entry level risk analyst in Arlington Heights, IL is $40.49, according to ZipRecruiter salary data. Most workers in this role earn between $29.81 and $49.28 per hour, depending on experience, location, and employer.

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.

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.

Can I be an entry level risk analyst without a degree?

Entry level risk analyst positions typically require a bachelor's degree in fields like finance, economics, or related areas, but some employers may consider candidates with relevant experience, certifications, or strong analytical skills. Demonstrating proficiency in data analysis tools and understanding risk management concepts can also improve your chances without a formal degree.

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, along with strong analytical skills and proficiency in data analysis tools like Excel or SQL. Gaining relevant internships or certifications such as the Financial Risk Manager (FRM) can also improve job prospects, but the overall entry process is accessible with the right education and skills.

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. Internships, volunteering, or entry-level positions in related fields can provide practical experience, and a bachelor's degree in finance, economics, or a related field is often required.

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 Arlington Heights, IL? The most popular types of Risk Analyst jobs in Arlington Heights, IL are:
What are popular job titles related to Entry Level Risk Analyst jobs in Arlington Heights, IL? For Entry Level Risk Analyst jobs in Arlington Heights, IL, the most frequently searched job titles are:
What job categories do people searching Entry Level Risk Analyst jobs in Arlington Heights, IL look for? The top searched job categories for Entry Level Risk Analyst jobs in Arlington Heights, IL are:
What cities near Arlington Heights, IL are hiring for Entry Level Risk Analyst jobs? Cities near Arlington Heights, IL with the most Entry Level Risk Analyst job openings:
Entry Level Risk Analyst jobs near you
Infographic showing various Entry Level Risk Analyst job openings in Arlington Heights, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $84,218 per year, or $40.5 per hour.

Entry Level Business Analyst

Data Cloud Merge

Chicago, IL

Full-time

Re-posted 16 days ago

Job description

Company Description

Data Cloud Merge is a communications Company that was established in the year 2002 and located in Jersey City, New Jersey. It has gained a lot of experience in providing innovations in IT that were formerly found in large companies alone. The Company provides dedicated IT innovations at friendly prices unlike other companies that operate on big budgets. It was established with the objective of serving the private sector with these innovations through their dedicated departments of IT.

Job Description
  • Collaborate with business managers and Subject Matter Experts to identify, prioritize, and implement solutions to improve efficiency, reduce risk, and support new business.
  • Interact with advanced business analysts and solution developers to communicate and validate requirements.
  • Prepare and maintain project documentation and artifacts including analysis, reports and user documentation.
  • Create process flow diagrams, Use cases, User stories, Acceptance Criteria from scratch
  • Work with project managers, developers, and end users to ensure application designs meet business requirements.
  • Implement and manage projects through Agile Scrum methodology for SDLC - covering from concept to production, including coaching and mentoring of the whole team.
  • Facilitate Joint Application development sessions for requirement gathering.
Qualifications
  • A bachelors or Masters in Business, Computer Science, technology, management or a related discipline is required.
  • Relevant work experience in Business Analysis with a strong focus on Information Technology projects is required.
  • Advanced to expert knowledge of business analysis, product nurturing, SDLC, and agile solution delivery practices throughout the project life cycle is required.
  • Superior analytical skills to quickly understand how technical systems, business process and data management elements relate to one another and impact one another across business units.
Additional Information

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