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Financial Risk Analyst Jobs in Illinois (NOW HIRING)

CME Group

Clearing Deliveries & Risk Analyst

Chicago, IL · Hybrid

$27.69 - $46.15/hr

The Clearing House is the analytical heartbeat of our financial ecosystem, clearing and guaranteeing every matched transaction to ensure market integrity. As a Clearing Deliveries & Risk Analyst, you ...

CME Group

Clearing Deliveries & Risk Analyst

Chicago, IL · On-site

$27.69 - $46.15/hr

The Clearing House is the analytical heartbeat of our financial ecosystem, clearing and guaranteeing every matched transaction to ensure market integrity. As a Clearing Deliveries & Risk Analyst, you ...

PremiStar

Risk Manager

Deerfield, IL · On-site

The Risk Manager is responsible for leading the organization's enterprise insurance strategy ... Strong analytical, financial modeling, and communication skills MINIMUM AND/OR PREFERRED ...

FINRA

Principal Analyst, Risk Monitoring

Chicago, IL · Hybrid

Bachelor's degree in Finance, Accounting, Business, or related field (or equivalent combination of education and experience) * Proven analytical experience in the financial services industry, with ...

blueStone

Senior Financial Analyst

Glenview, IL · On-site

$84K - $105K/yr

The role will be centered on providing analytical support in broad capital structure and financial risk management topics as well as international liquidity, investments and global bank account ...

Wedbush

Analyst, Risk Monitoring

Chicago, IL · On-site

$68K - $89K/yr

We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures ... Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ...

Wedbush Securities

Analyst, Risk Monitoring

Chicago, IL · On-site

$68K - $89K/yr

We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures ... Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ...

Wintrust

Analyst, Counterparty Credit Risk

Rosemont, IL · On-site

$59K - $77K/yr

Wintrust provides community and commercial banking, specialty finance and wealth management ... Position Overview The Counterparty Credit Risk Analyst will assist the VP and Department SVP in ...

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All JobsFinancial Risk Analyst JobsFinancial Risk Analyst Jobs in Illinois

Financial Risk Analyst information

See Illinois salary details

$37.3K

$85.4K

$114.3K

How much do financial risk analyst jobs pay per year?

As of Jul 6, 2026, the average yearly pay for financial risk analyst in Illinois is $85,381.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,800.00 and $107,100.00 per year, depending on experience, location, and employer.

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

To thrive as a Financial Risk Analyst, you need strong analytical skills, a solid understanding of finance and statistics, and typically a bachelor's degree in finance, economics, or a related field. Familiarity with risk modeling tools, financial software like Excel, MATLAB, or Python, and certifications such as FRM or CFA are highly valued. Attention to detail, problem-solving abilities, and effective communication help analysts present complex risk findings clearly and work well in teams. These competencies are essential for accurately assessing potential risks, supporting sound decision-making, and safeguarding an organization's financial stability.

What are some common challenges faced by Financial Risk Analysts in their daily work, and how can they be addressed?

Financial Risk Analysts often deal with rapidly changing market conditions and large volumes of complex data, which can make accurate risk assessment challenging. Staying updated with regulatory changes and effectively communicating risk findings to stakeholders with varying levels of financial knowledge are also frequent hurdles. To address these challenges, analysts typically use advanced risk modeling tools, participate in ongoing training, and collaborate closely with other departments such as compliance and trading. Building strong analytical and communication skills is key to navigating these demands successfully.

What is the difference between Financial Risk Analyst vs Credit Analyst?

AspectFinancial Risk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CFABachelor's degree in finance, economics, or related field; certifications like CFA often preferred
Work EnvironmentFinancial institutions, investment firms, corporate finance departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across finance sectors to assess risk levels of investments and portfoliosPrimarily used by banks and lenders to evaluate creditworthiness of borrowers

While both roles involve financial analysis, a Financial Risk Analyst focuses on assessing overall financial risks across investments and portfolios, whereas a Credit Analyst specializes in evaluating the creditworthiness of individual borrowers. Both roles require similar credentials and often work within the finance industry, but their specific focus areas differ.

What does a Financial Risk Analyst do?

A Financial Risk Analyst identifies and assesses potential risks that could affect a company's financial health, such as market fluctuations, credit issues, or operational losses. They use quantitative techniques, financial modeling, and data analysis to forecast potential risks and recommend strategies to mitigate them. Their work helps organizations make informed investment decisions, comply with regulations, and protect assets. Financial Risk Analysts often work in banks, investment firms, insurance companies, and corporate finance departments.
What are popular job titles related to Financial Risk Analyst jobs in Illinois? For Financial Risk Analyst jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Financial Risk Analyst jobs in Illinois look for? The top searched job categories for Financial Risk Analyst jobs in Illinois are:
What cities in Illinois are hiring for Financial Risk Analyst jobs? Cities in Illinois with the most Financial Risk Analyst job openings:
Financial Risk Analyst jobs near you
Infographic showing various Financial Risk Analyst job openings in Illinois as of June 2026, with employment types broken down into 2% As Needed, 67% Full Time, 25% Part Time, 4% Contract, and 2% Nights. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $85,381 per year, or $41 per hour.

Manager, Subcontractor Prequalification & Risk

pepperconstruction

Barrington, IL

Other

Posted 19 days ago

Job description

Pepper is looking for a Manager, Subcontractor Prequalification & Financial Risk, based in our Barrington, IL location.

The Manager, Subcontractor Prequalification & Financial Risk leads the financial evaluation and approval of subcontractors, clients and vendors to support informed contracting decisions and mitigate project risk. This role independently assesses subcontractor financial health, recommends approval limits, and partners closely with operations, accounting, risk management, and leadership. The position owns and continuously improves the prequalification process while ensuring compliance, consistency, and financial integrity.

Key Responsibilities

  • Lead subcontractor prequalification and annual requalification processes
  • Analyze financial statements, cash flow, backlog, and credit risk
  • Recommend approval limits, conditions, and risk mitigation strategies
  • Serve as the subject matter expert on subcontractor financial risk
  • Partner with operations and leadership to identify risk, evaluate risk tolerance and develop mitigation strategies
  • Maintain consistent, fair, and compliant prequalification standards
  • Prepare executive-level reports on subcontractor financial exposure

Qualifications

  • Bachelor’s degree in Accounting or Finance
  • 5+ years of financial analysis, accounting, or risk management experience
  • Strong independent financial judgment and risk-based decision-making
  • Advanced Excel skills and experience with accounting or ERP systems
  • Construction industry experience and professional certification (CPA/CMA) preferred

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