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Entry Level Risk Jobs in Illinois (NOW HIRING)

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Entry Level Risk information

What is an entry level risk job?

Entry level risk jobs are positions designed for individuals who are new to the field of risk management, often recent graduates or those with minimal work experience. These roles typically involve assisting with the identification, assessment, and mitigation of risks within an organization, such as financial, operational, or compliance risks. Entry level risk professionals may work in industries like banking, insurance, or consulting and are often responsible for data analysis, preparing reports, and supporting senior risk analysts or managers. These roles provide foundational experience and training for advancing in a risk management career.

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

To thrive as an Entry Level Risk Analyst, you typically need a bachelor's degree in finance, economics, statistics, or a related field, along with strong analytical and quantitative skills. Familiarity with risk assessment tools, Microsoft Excel, and data analysis software such as SAS or Python is highly valuable. Attention to detail, critical thinking, and effective communication are standout soft skills in this role. These competencies are essential for accurately identifying, evaluating, and communicating potential risks to help organizations make informed decisions.

What are some typical challenges faced by entry-level risk professionals, and how can they effectively overcome them?

Entry-level risk professionals often face the challenge of quickly understanding complex regulatory frameworks and internal risk management processes. Navigating large sets of data and learning to identify key risk indicators can also be daunting. To overcome these challenges, new hires should actively seek mentorship from experienced team members, participate in available training programs, and regularly review industry best practices. Building strong communication skills is also essential, as risk teams frequently collaborate with departments like compliance, audit, and operations.

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 understanding risk management principles through online courses or certifications like FRM or CAP. Internships or entry-level positions in finance, insurance, or compliance can provide practical experience and help build industry knowledge.

How to start a career in risk management?

To start a career in risk management, gain a bachelor's degree in finance, economics, or a related field, and develop skills in data analysis, problem-solving, and attention to detail. Entry-level roles often require familiarity with risk assessment tools and certifications like the Certified Risk Management Professional (CRMP) can enhance prospects.

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

The most popular types of Risk jobs in Illinois are:

Entry Level Risk jobs near you
Infographic showing various Entry Level Risk 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.

Financial Services Risk Consulting Intern - Summer 2027

RSM

Chicago, IL

$39/hr

Full-time

Posted 7 days ago

Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.

As a Risk Consulting-Regulatory ComplianceIntern at RSM, you will workon projects related to the world's largest financial services institutionsand receive hands-onexperience with direct access to business owners and executive management. Working onnumerousteam engagements per year, you will be involved in a variety of challenging assignments with guidance from experienced consultants - and you will feela great senseof accomplishment when you are done.

RSM'sRegulatory ComplianceConsultinggroup provides value addedconsultingservices toclienteleand you will be exposed to a wide variety of clients withinthefinancial services industry. Examples of projects includerisk and control projects across all three lines,global risk and control projects,transformations,internal audits inanti-money laundering (AML)and consumer complianceand regulatory validationsprojects, allintended to provide our clients withtimelyinformation toidentifyandmitigate potential risks.

Examples of the candidate's responsibilities include:

  • Work individuallyand/or as part of a team to executevarious projects related toCompliance, Risk and Controls, Financial Crime,Consumer Compliance testing activitiesforfinancial institutions of all sizes and complexities.

  • Identifyareas of non-compliance withvariousfinanciallaws and regulations and provide actionable recommendations.

  • Demonstrateanability to work collaboratively across multiple external and internal initiatives to achieve stated goals and timelines.

  • Provide quality andaccuratework products.

  • Develop technical skillsets across variousregulatory, compliance and financial crime related topics

  • Identifyareas to improve and bring efficiency to testing techniques.

  • Contribute to strong client relationships through positive client support and soundexpertise.

  • Use straightforward communication when providing testing results to internal and external parties.

  • Seekand embrace opportunities to provide and receive actionable feedback.

Basic Qualifications:

  • 90 credit hours completed

  • Working towardsaB.A. / B.S. degree or equivalent from accredited university

  • Pursuing aBachelor's degree in Business Administration, Finance, Computer Science, Statistics, or related business or technical field of study from accredited university

  • Must be able to travel locally and nationally 40% of the time - including overnight travel

  • Minimum 3.0 GPApreferred

Preferred Qualifications:

  • Excellent written and verbal communication skills

  • Strong computer skills, including MS Office

  • Strong multi-tasking and project management skills

  • Ability to work as an effective member of a team

  • Mustpossessa high degree of integrity and professionalism

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry-level candidates who require sponsorship now or in the future. This includes individuals who will one dayrequest or require RSM to file or complete immigration-related forms or prepare letters on their behalf in order for them to obtain or continue their work authorization.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $33 - $39 per hour

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