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

Geneva Trading

Risk Analyst

Chicago, IL · On-site

$95K - $150K/yr

We are seeking a dynamic on-site Risk Analyst to join our proprietary trading firm. This role is ... Collaborate closely with traders, operations, and technology teams. * Interpret trading behavior ...

CME Group

Clearing Deliveries & Risk Analyst

Chicago, IL · On-site

$27.69 - $46.15/hr

As a Clearing Deliveries & Risk Analyst, you will step into a pivotal role, monitoring the ... What You'll Do * Orchestrate Delivery Operations: Take command of daily delivery processes ...

Citizens

Third Party Risk Analyst

Chicago, IL

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and ... Excellent analytical, investigative, and documentation skills with a high level of attention to ...

Citizens

Third Party Risk Analyst

Chicago, IL

$86K - $101K/yr

This role plays a critical part in protecting Citizens from regulatory, operational, financial, and ... Excellent analytical, investigative, and documentation skills with a high level of attention to ...

Chubb

Vendor Risk Analyst

Chicago, IL · On-site +1

The Vendor Risk Management Analyst will be responsible for assessing, monitoring, and mitigating ... This role plays a critical part in safeguarding the organization's operations, data, and reputation ...

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Operational Risk Analyst information

See Chicago, IL salary details

$40.2K

$88.5K

$159.8K

How much do operational risk analyst jobs pay per year?

As of May 29, 2026, the average yearly pay for operational risk analyst in Chicago, IL is $88,497.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,500.00 and $107,700.00 per year, depending on experience, location, and employer.

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

To thrive as an Operational Risk Analyst, you need a solid background in risk management, data analysis, and business processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, governance frameworks, and systems like GRC (Governance, Risk, and Compliance) platforms or Excel is commonly required, and certifications such as FRM or CRM are advantageous. Strong analytical thinking, attention to detail, and effective communication skills help you identify risks and collaborate with stakeholders across the organization. These skills ensure accurate risk identification and mitigation, safeguarding the organization's assets and reputation.

What are some common challenges faced by Operational Risk Analysts, and how can these be effectively managed?

Operational Risk Analysts often face challenges such as identifying emerging risks, effectively communicating findings to stakeholders, and ensuring compliance with evolving regulations. Managing these challenges involves staying up-to-date with industry best practices, developing strong analytical and communication skills, and collaborating closely with other departments like compliance, IT, and internal audit. Building robust risk assessment frameworks and fostering a culture of transparency within the organization are also key to success in this role.

What does an Operational Risk Analyst do?

An Operational Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact a company's day-to-day business operations. They analyze processes, policies, and systems to detect potential operational failures or weaknesses. Their role often includes developing risk management strategies, monitoring risk indicators, and helping to ensure compliance with regulatory standards. They also work closely with other departments to implement best practices and improve overall risk awareness.

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

AspectOperational Risk AnalystCredit Risk Analyst
Required CredentialsBachelor's degree in finance, risk management, or related field; certifications like FRM or CRMBachelor's degree in finance, economics, or related; certifications like CFA or FRM
Work EnvironmentFinancial institutions, banks, insurance companies; focus on internal processesBanking, lending institutions; focus on borrower creditworthiness
Employer & Industry UsageUsed across banking, insurance, and investment firms for risk mitigationPrimarily in banking and lending sectors for credit assessment
Common Search & Comparison IntentUnderstanding risk management roles within financial firmsAssessing credit risk and loan approval processes

Operational Risk Analysts focus on internal processes and operational hazards within financial institutions, while Credit Risk Analysts evaluate the creditworthiness of borrowers. Both roles require similar credentials and are vital in risk management but serve different aspects of financial risk assessment.

What are the most commonly searched types of Operational Risk Analyst jobs in Chicago, IL? The most popular types of Operational Risk Analyst jobs in Chicago, IL are:
What are popular job titles related to Operational Risk Analyst jobs in Chicago, IL? For Operational Risk Analyst jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Operational Risk Analyst jobs in Chicago, IL look for? The top searched job categories for Operational Risk Analyst jobs in Chicago, IL are:
Operational Risk Analyst jobs near you
Infographic showing various Operational Risk Analyst job openings in Chicago, IL as of May 2026, with employment types broken down into 2% As Needed, 84% Full Time, 11% Part Time, and 3% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $88,497 per year, or $42.5 per hour.
Onboarding & Risk Analyst - Currency Management

Onboarding & Risk Analyst - Currency Management

Mesirow Financial

Chicago, IL

$80K - $120K/yr

Full-time

Posted 24 days ago

Job description

The Opportunity:

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices across the country, Mesirow serves clients through capabilities spanning Private Capital & Currency, Capital Markets and Investment Banking, and Advisory Services. 

We are seeking an Onboarding & Risk Analyst in Mesirow’s Currency Management business responsible for client and account onboarding while ensuring robust risk management, regulatory compliance, and operational readiness across investment portfolios. This role partners across teams to establish trading infrastructure, oversee risk exposure, and maintain strong controls.

Responsibilities:

  • Risk Assessment & Oversight: Identify and monitor market, credit, and liquidity risks; ensure portfolios remain within limits, mandates, and risk appetite.
  • Operational Risk & Controls: Implement controls to mitigate operational risks, ensure data integrity, and audit readiness.
  • Documentation & Agreements: Manage negotiation and execution of legal agreements (ISDA, CSA, clearing agreements).
  • Counterparty Coordination: Liaise with brokers, custodians, and counterparties to establish accounts, connectivity, and trading readiness.
  • Regulatory Compliance: Oversee onboarding and ongoing compliance with regulations such as Dodd-Frank and EMIR, including reporting and margin requirements.
  • Operational Readiness: Coordinate with Legal, Compliance, Operations, Portfolio Management, and Trading to onboard accounts, test workflows, and ensure systems are ready for trading.

Requirements:

  • Bachelor’s degree required in relevant discipline
  • Self-starter challenged by ability to take on new initiatives and work independently.
  • Focused and organized with superior problem-solving skills, strong attention to detail is critical in this role
  • Proactively seek out process improvement opportunities and efficiencies
  • Advanced Excel skills. Ability to program in SQL and/or Python is desired.
  • Proficiency with mathematics, and familiarity with financial calculations
  • Must be able to handle multiple priorities effectively and with a high degree of accuracy and independence
  • Strong organizational, verbal, and written communication skills, with a proactive approach to problem-solving and collaboration
  • Experience working with global custodian banks
  • 3-5 years of experience in derivatives operations and collateral management, with a solid understanding of trade processing, settlement, and regulatory requirement in investment operations, risk management, or onboarding within asset management or financial services

In accordance with the Illinois Transparency Law the anticipated hiring base salary for the role will be between $80,000 and $120,000 per year. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, also provides the opportunity for a commission and discretionary performance bonus and the Mesirow benefit program.

EOE

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