ZipRecruiter

Log In

1

Junior Risk Analyst Jobs in Illinois (NOW HIRING)

HUB

Senior Risk Consultant

Chicago, IL · On-site

Conduct loss analysis and trending to identify client focus areas and demonstrate measurable ... Mentor and coach junior and mid-level consultants on technical risk assessments, client ...

Google Inc.

Solutions Consultant, gTech Risk

Chicago, IL · On-site

$114 - $163/hr

... more junior team members; deeper expertise and applied knowledge within relevant area. Share ... analytics, software coding, or customer-side web technologies. * 5 years of experience in ...

1872 Consulting

Sr Performance Analyst

Chicago, IL

Prepare and organize risk and return data for client reports and prospective client presentations ... Train junior members of the Analytics team in processes and procedures * Proactively identify ...

1872 Consulting

Sr Performance Analyst

Chicago, IL

Prepare and organize risk and return data for client reports and prospective client presentations ... Train junior members of the Analytics team in processes and procedures * Proactively identify ...

Gotion, Inc.

Junior Equipment Engineer

Manteno, IL · On-site

Collect and analyze basic equipment performance and downtime data * Support equipment parameter ... Participate in safety inspections, risk assessments, and improvement initiatives as assigned ...

Harris Associates

Senior Performance Analyst

Chicago, IL · Hybrid

$90K - $120K/yr

Provide day-to-day coaching of junior team members on processes and analysis requests. Proactively ... Manage the preparation and review of risk and return data for client reports and prospective client ...

Gotion, Inc.

Junior Equipment Engineer

Manteno, IL · On-site

Collect and analyze basic equipment performance and downtime data * Support equipment parameter ... Participate in safety inspections, risk assessments, and improvement initiatives as assigned ...

previous page

Showing results 41-60

All JobsRisk Analyst JobsJunior Risk Analyst JobsJunior Risk Analyst Jobs in Illinois

Junior Risk Analyst information

See Illinois salary details

$14

$31

$51

How much do junior risk analyst jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for junior risk analyst in Illinois is $31.12, according to ZipRecruiter salary data. Most workers in this role earn between $22.36 and $34.23 per hour, depending on experience, location, and employer.

What is a junior risk analyst?

A Junior Risk Analyst is an entry-level professional responsible for identifying, assessing, and mitigating potential risks within an organization. They analyze financial data, market trends, and operational processes to help senior risk analysts and management make informed decisions. Key tasks include data collection, risk modeling, report preparation, and ensuring compliance with regulatory guidelines. Strong analytical skills, attention to detail, and knowledge of risk management principles are essential for success in this role.

What are the typical responsibilities of a junior risk analyst on a day-to-day basis?

As a Junior Risk Analyst, your daily tasks often include gathering and analyzing data related to market, credit, or operational risks, preparing risk reports, and assisting with the development of risk models. You may also support more senior analysts with research projects, help monitor compliance with risk policies, and participate in meetings to discuss findings and recommendations. Collaboration with other departments, such as finance, compliance, and operations, is common to ensure all relevant data is considered. This role provides hands-on experience in risk assessment processes and working as part of a broader risk management team, making it a great opportunity to learn and grow in the field.

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

To thrive as a Junior Risk Analyst, you need strong analytical abilities, attention to detail, and a degree in finance, economics, mathematics, or a related field. Familiarity with risk management software, Excel, data analysis tools, and an understanding of regulatory frameworks such as Basel or SOX are beneficial, and certifications like FRM or CFA are advantageous. Effective communication, critical thinking, and a collaborative mindset are key soft skills for excelling in this role. These competencies enable you to accurately assess risks, contribute valuable insights, and work seamlessly within interdisciplinary teams to support organizational decision-making.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

How to become a junior risk analyst with no experience?

To become a junior risk analyst with no experience, focus on gaining relevant skills such as data analysis, Excel, and understanding risk management concepts through online courses or certifications. Internships or entry-level positions in finance or data analysis can provide practical experience, and a bachelor's degree in finance, economics, or a related field is often required.

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 Junior Risk Analyst jobs in Illinois?

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

What job categories do people searching Junior Risk Analyst jobs in Illinois look for?

The top searched job categories for Junior Risk Analyst jobs in Illinois are:

What cities in Illinois are hiring for Junior Risk Analyst jobs?

Cities in Illinois with the most Junior Risk Analyst job openings:

Junior Risk Analyst jobs near you
Infographic showing various Junior 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 $64,733 per year, or $31.1 per hour.

Manager - Model Validation / Model Risk Audit Consulting

RSM

Chicago, IL

$107K - $140K/yr

Full-time

Re-posted 5 hours 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.

RSM is seeking a dynamic and experienced Manager to join our Risk Consulting practice and lead model validation and/or internal audit engagements for Financial Services clients. The ideal candidate combines hands-on model validation capabilities with a strong audit, internal controls, or second-line risk management background. This individual will lead independent model validations procedures, assess model methodology, implementation, performance, governance, and controls as well as direct internal audit engagements in which model risk is a significant component.Key Responsibilities:
  • Lead and manage independent model validation or model risk internal audit engagements for banks, asset managers, and other financial institutions.
  • Perform technical model validation procedures, including assessment of conceptual soundness, model assumptions, development methodology, data, implementation, model inputs and, outputs, controls, performance monitoring, limitations, and ongoing use and evidence supporting model effectiveness.
  • Assess model governance, control design, documentation, change management, and operating effectiveness across complex model environments.
  • Understand and challenge model logic and implementation details; design and execute targeted input/output, data transformation, rule, calculation, replication, and outcome testing using SQL, SAS, Python, R, Alteryx, or similar tools.
  • Evaluate whether model validation and audit evidence is sufficient, reliable, and appropriately designed to support conclusions regarding model performance, implementation, and control effectiveness.
  • Coach and mentor junior staff, reviewing work and providing structured feedback to develop technical and soft skills.
  • Manage multiple projects concurrently, including planning, scoping, budgeting, execution, and reporting, ensuring delivery meets RSM's quality standards.
  • Communicate findings and recommendations clearly in both written reports and client presentations.
  • Work collaboratively with internal teams and clients to mitigate risk and improve operational effectiveness.
  • Participate in business development efforts, including proposal writing and client presentations when appropriate.
Required Qualifications:
  • Bachelor's or Master's degree in Accounting, Finance, Statistics, Economics, or a related field.
  • 6+ years of relevant experience in model validation and/or internal audit, risk management, or internal controls within the financial services industry.
  • Strong understanding of model risk management principles and supervisory expectations, risk-based internal audit methodology, internal controls, and governance frameworks.
  • Demonstrated experience leading or performing model validations and/or internal audit involving complex testing, control testing, or substantive testing over complex models, systems, or data-driven processes.
  • Ability to understand and challenge model logic, design testing strategies, evaluate evidence and determine whether testing sufficiently supports model performance or operating effectiveness conclusions.
  • Proficiency in Python, Alteryx, R or other analytics tools; experience with SQL, or SAS is a plus.
  • Ability to manage teams, lead engagements, and mentor junior professionals.
  • Strong written and verbal communication skills.
  • Ability to travel as needed (estimated <30%).
Preferred:
  • Professional certification relevant to audit, model risk, financial risk, analytics, or financial crimes, such as CPA, CIA, CISA, FRM, CFA, or CAMS.
  • Prior experience at a public accounting or professional services/consulting firm, or in an internal audit function or independent model validation or model risk management function.
  • Experience presenting to stakeholders, including risk committees or audit committees.
  • Experience with AML, sanctions, transaction monitoring, customer risk rating, or other financial crimes models.

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 will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

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: $101,000 - $203,000

Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.

Apply