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Junior Risk Analyst Jobs in Chicago, IL (NOW HIRING)

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 ...

Solutions Consultant, gTech Risk

Chicago, IL ยท 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 ...

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

Senior Performance Analyst

Chicago, IL ยท 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 ...

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

Junior Algorithmic Trader

Chicago, IL

$69K - $89K/yr

We use next-generation technology to capture opportunities around the world and manage risk in ... From researching and analyzing high-frequency tick data and trading performance, to building ...

Showing results 41-60

Junior Risk Analyst information

See Chicago, IL salary details

$15

$33

$55

How much do junior risk analyst jobs pay per hour?

As of Sep 6, 2026, the average hourly pay for junior risk analyst in Chicago, IL is $33.11, according to ZipRecruiter salary data. Most workers in this role earn between $23.80 and $36.44 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 Chicago, IL?

The most popular types of Risk Analyst jobs in Chicago, IL are:

What are popular job titles related to Junior Risk Analyst jobs in Chicago, IL?

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

What cities near Chicago, IL are hiring for Junior Risk Analyst jobs?

Cities near Chicago, IL with the most Junior Risk Analyst job openings:

Infographic showing various Junior Risk Analyst job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $68,868 per year, or $33.1 per hour.

Sr. Manager, Data Analyst - Risk Mgmt Product

Capital One Group

Chicago, IL โ€ข On-site

$182.50 - $208.30/hr

Other

Posted 25 days ago


Key responsibilities

  • Refining a new enterprise-wide analytical tools validation framework.

  • Planning and executing validation projects to assess the quality and risk of analytical tool methodologies.

  • Communicating validation results clearly through reports and presentations.


Job description

Sr. Manager, Data Analyst - Risk Mgmt ProductSkip to main content#Sr. Manager, Data Analyst - Risk Mgmt Product page is loaded## Sr. Manager, Data Analyst - Risk Mgmt ProductApplylocations: Chicago, IL: Richmond, VA: McLean, VAtime type: Full timeposted on: Posted Todayjob requisition id: R247730Sr. Manager, Data Analyst - Risk Mgmt ProductAt Capital One, data is at the center of everything we do. When we launched as a startup we disrupted the credit card industry by individually personalizing every credit card offer using statistical modeling and the relational database, cutting edge technology in 1988! Fast-forward a few years, and this little innovation and our passion for data has skyrocketed us to a Fortune 200 company and a leader in the world of data-driven decision-making. As a Senior Manager, you will partner cross-functionally with teams throughout the company to validate business impacting analytical tools. You will enhance your technical and analytical skills, while also working with leaders to influence business strategies. With a network of hundreds of Data Analysts, Quants, and Data Scientists, challenging projects with an eye on the bottom line and a focus on work/life balance, weโ€™ve created a dynamic environment with plenty of room for you to learn, grow, and realize your full potential. ****On a given day you will be:***** Refining a new Enterprise-wide analytical tools validation framework* Planning and executing validation projects* Assessing the quality and risk of analytical tool methodologies across Capital One, and the nature of tools usage within those processes* Understanding technical issues in analytical tools and assessing tools risks and opportunities* Independently researching, identifying, and prototyping industry best practices for emerging analytical tools* Communicating results clearly and concisely both verbally and through written communications via validation reports and presentations* Leveraging education, colleagues and training opportunities to develop solutions to business problems* Coaching and mentoring junior staffAn ideal candidate will possess strong problem solving and conceptual thinking abilities in addition to communication, interpersonal and leadership skills. This position will be in a fast-paced and entrepreneurial environment where you will be handling multiple concurrent projects while working independently and in teams. ****Basic Qualifications***** Currently has, or is in the process of obtaining a Bachelorโ€™s Degree in quantitative field (Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science or a related quantitative field) plus at least 7 years of experience performing data analytics, or currently has, or is in the process of obtaining a Masterโ€™s Degree plus at least 5 years of experience performing data analytics with an expectation that required degree will be obtained on or before the scheduled start date.* At least 5 years of experience performing professional data analysis work* At least 5 years of experience leading and developing with open source data technologies* At least 2 years of experience managing people**Preferred Qualifications:*** Masterโ€™s Degree or PhD in a Finance, Economics, Statistics, Mathematics, Industrial Engineering, Operations Research, or a related field* At least 7 years of experience in statistical or econometrics hands-on work* At least 5 years of experience manipulating and performing analysis with large data sets* At least 5 years of experience in financial services industry* At least 5 years of experience in developing statistical or econometric models* At least 5 years of experience in validating statistical or econometric models* At least 2 years of experience with data governance* At least 2 years of experience with predictive analyticsCapital One will consider sponsoring a new qualified applicant for employment authorization for this position. The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.McLean, VA: $200,700 - $229,100 for Sr. Data Analysis ManagerRichmond, VA: $182,500 - $208,300 for Sr. Data Analysis ManagerChicago, IL: $182,500 - $208,300 for Sr. Data Analysis ManagerCandidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidateโ€™s offer letter.This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York Cityโ€™s Fair Chance Act; Philadelphiaโ€™s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.comCapital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC). #J-18808-Ljbffr