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Entry Level Risk Management Jobs in Illinois (NOW HIRING)

Pwc

Data Validation Risk - Senior Associate

Chicago, IL · On-site

$77K - $202K/yr

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 ...

New

RSM

Director - Integration & Separation

Chicago, IL · On-site

$151K - $304K/yr

Provides strategic guidance to clients on post-transaction planning, execution, and risk management ... RSM does not intend to hire entry level candidates who will require sponsorship now OR in the ...

Byline Bank.

Fraud Analyst (Chicago, IL)

Chicago, IL · On-site

$52K - $64K/yr

General compliance or operational work related to Fraud elements to be considered. * 2+ years of experience in the lending industry, preferably in fraud detection and investigation, risk management ...

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All JobsRisk Management JobsEntry Level Risk Management JobsEntry Level Risk Management Jobs in Illinois

Entry Level Risk Management information

See Illinois salary details

$42.2K

$100.5K

$162.3K

How much do entry level risk management jobs pay per year?

As of Jul 12, 2026, the average yearly pay for entry level risk management in Illinois is $100,492.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,300.00 and $127,900.00 per year, depending on experience, location, and employer.

What is an entry level risk management job?

An entry level risk management job involves identifying, analyzing, and helping to minimize potential risks that could impact a company’s operations and finances. People in these roles often assist senior risk managers by collecting data, preparing reports, and participating in risk assessments. Typical tasks may include reviewing policies, supporting compliance efforts, and learning to use risk assessment tools. This position serves as the starting point for a career in risk management, offering training and exposure to various aspects of the field.

How do you get a job in risk management?

To get a job in risk management, candidates typically need a bachelor's degree in finance, business, or a related field, along with strong analytical and problem-solving skills. Gaining experience through internships or entry-level positions and obtaining certifications like the Financial Risk Manager (FRM) can improve job prospects. Familiarity with risk assessment tools and regulatory environments is also beneficial.

How to become a 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 risk assessment through online courses or certifications like FRM or CAP. Internships, volunteering, or entry-level positions in finance or insurance can provide practical experience, and developing strong analytical and communication skills is essential for entry into the field.

What is the difference between Entry Level Risk Management vs Entry Level Insurance Underwriter?

AspectEntry Level Risk ManagementEntry Level Insurance Underwriter
Required CredentialsBachelor's degree, certifications like CRM or RIMSBachelor's degree, insurance licenses often preferred
Work EnvironmentCorporate offices, consulting firms, financial institutionsInsurance companies, brokerage firms, underwriting departments
Employer & Industry UsageUsed across finance, insurance, and corporate sectorsPrimarily in insurance industry, underwriting departments
Common Search & ComparisonYesYes

Entry Level Risk Management focuses on identifying and mitigating risks across various industries, requiring certifications like CRM or RIMS. Entry Level Insurance Underwriters evaluate insurance applications and determine policy terms, often needing insurance licenses. Both roles are found in corporate and insurance settings, but risk management has a broader industry application, while underwriting is specific to insurance companies.

What qualifications do you need to work in risk management?

Entry level risk management roles typically require a bachelor's degree in fields such as finance, business, economics, or risk management. Relevant skills include analytical thinking, attention to detail, and proficiency with data analysis tools; certifications like the Certified Risk Management Professional (CRMP) can also enhance prospects.

What kind of jobs can I get with a risk management degree?

With a risk management degree, you can pursue roles such as risk analyst, insurance underwriter, compliance officer, or risk manager. These jobs typically involve assessing and mitigating financial, operational, or strategic risks using analytical skills and industry tools like risk assessment software.

What are the key skills and qualifications needed to thrive as an Entry Level Risk Management professional, and why are they important?

To thrive in Entry Level Risk Management, you need strong analytical skills, attention to detail, and a foundational understanding of finance or business, often supported by a relevant bachelor's degree. Familiarity with risk assessment tools, Microsoft Excel, and sometimes certification courses like FRM or basic compliance training is beneficial. Effective communication, critical thinking, and adaptability help you stand out when presenting findings and collaborating with teams. These skills are essential for accurately identifying and mitigating risks to protect organizational assets and ensure regulatory compliance.

What are some common challenges faced by entry-level risk management professionals, and how can they effectively address them?

Entry-level risk management professionals often face challenges such as quickly understanding complex regulatory requirements and developing strong analytical skills to identify potential risks. Adapting to fast-paced environments and learning to communicate risk assessments clearly to both technical and non-technical stakeholders are also common hurdles. To overcome these challenges, new professionals should seek mentorship, actively participate in team discussions, continuously update their knowledge of industry trends, and utilize available analytical tools and training resources provided by their organization.
What are the most commonly searched types of Risk Management jobs in Illinois? The most popular types of Risk Management jobs in Illinois are:
What are popular job titles related to Entry Level Risk Management jobs in Illinois? For Entry Level Risk Management jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Entry Level Risk Management jobs in Illinois look for? The top searched job categories for Entry Level Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Entry Level Risk Management jobs? Cities in Illinois with the most Entry Level Risk Management job openings:
Entry Level Risk Management jobs near you
Infographic showing various Entry Level Risk Management job openings in Illinois as of July 2026, with employment types broken down into 1% Locum Tenens, 88% Full Time, 10% Part Time, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $100,492 per year, or $48.3 per hour.

Entry Level Business Analyst

Data Cloud Merge

Chicago, IL • On-site

Full-time

Re-posted 20 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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