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

Sr. Cybersecurity Operational Risk Officer

Chicago, IL · On-site

$103K - $132K/yr

Essential Functions Evaluate risk and control identification within key processes and perform gap ... Analyze and assess cybersecurity and AI-related risks associated with new products or services ...

Analyst, Risk Monitoring

Chicago, IL · On-site

$68K - $89K/yr

Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ... Escalate risk or operational concerns to the Head of Risk and leadership * Coordinate team ...

Analyst, Risk Monitoring

Chicago, IL · On-site

$68K - $89K/yr

Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ... The primary function of this role is to lead after-hours trading operations with a focus on client ...

Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios * Develop and enhance risk methodologies for products including equities, ETFs, futures, and other exchange ...

Senior Financial Risk Analyst

Chicago, IL · On-site

$111K - $130K/yr

... risk models, forecasting key balance sheet items and providing deep dive analysis into financial ... You are the perfect mix of analytical, technical, operational, and creative. You are a clear ...

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios * Develop and enhance risk methodologies for products including equities, ETFs, futures, and other exchange ...

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios * Develop and enhance risk methodologies for products including equities, ETFs, futures, and other exchange ...

Showing results 41-60

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 Sep 10, 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 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 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 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 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:

Infographic showing various Operational Risk Analyst job openings in Chicago, IL as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $88,427 per year, or $42.5 per hour.

Technology Risk & Governance Analyst

Chicago, IL • On-site

Aon Corporation
Business Management Consulting • 10K+ employees

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago


Aon rating

8.3

Company rating: 8.3 out of 10

Based on 79 frontline employees who took The Breakroom Quiz


Job description

Technology Risk & Governance Analyst
Want to help develop how a global organization handles its external digital presence and technology risk activities? Are you interested in working at the intersection of governance, risk, compliance, technology, and business operations? In this role, you will drive enterprise governance processes, improve data quality, coordinate cross-functional reviews, and offer insight into risk and compliance activities throughout the organization.
This is a fully remote role based in the United States, with flexibility to work virtually.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one engaged team and we are passionate about helping our colleagues and clients succeed.
What the day will look like
You'll contribute significantly to the Website Governance Program and the overall Technology Risk & Governance efforts, covering risk management, reporting, compliance coordination, governance operations, and initiatives aimed at refining processes.
A typical day could include:
  • Coordinate website governance intake requests and guide submissions through established governance workflows.
  • Partner with Technology, Privacy, Cybersecurity, Marketing, and other business partners to support governance reviews, compliance activities, and risk-related initiatives.
  • Maintain inventories of external websites, domains, subdomains, and related digital assets while performing data quality, ownership validation, and reconciliation activities.
  • Track approvals, action items, remediation efforts, and operational requirements through completion.
  • Coordinate and improve workflows, SharePoint solutions, inventories, reporting repositories, and other governance tools.
  • Develop and maintain dashboards, metrics, reports, executive updates, and recurring operational and risk reporting.
  • Respond to audit, compliance, and regulatory inquiries by gathering information, coordinating business partners, and tracking follow-up actions.
  • Support risk management activities, including issue monitoring, mitigation planning, assessment coordination, and status updates.
  • Assist with special projects, process improvements, automation initiatives, and other Technology Risk & Governance priorities.
  • Support business partner engagement, team communications, procedures, training materials, and operational documentation.

How this opportunity is different
As a Technology Risk & Governance Analyst, you will help maintain and refine governance processes that support risk management, compliance, operational oversight, reporting, and digital asset governance throughout the organization. You will have a remarkable chance to partner with a world-class team and contribute to ambitious projects that achieve flawless outcomes!
You will work in a highly collaborative environment:
  • Coordinate with business and Technology partners to support governance activities, reviews, approvals, and remediation efforts.
  • Collaborate with Privacy, Cybersecurity, and Marketing teams to facilitate governance processes and compliance requirements.
  • Assist Technology Risk & Governance leaders by providing reporting, managing governance operations, and handling program administration.
  • Work closely with process owners and project teams to improve workflows and operational effectiveness.
  • The role offers a chance to aid the ongoing development and advancement of the Website Governance Program while contributing to wider Technology Risk & Governance efforts.

Skills and experience that will lead to success
  • Experience: 3+ years of experience in governance, compliance, risk management, project coordination, technology operations, business operations, or related fields.
  • Risk & Compliance Support: Experience assisting with risk management efforts, compliance initiatives, assessments, remediation tracking, audit responses, regulatory inquiries, or governance procedures.
  • Stakeholder Management & Operational Coordination: Experience coordinating cross-functional initiatives, managing action items, supporting governance reviews, facilitating business partner engagement, and driving activities through completion.
  • Workflow & Platform Experience: Experience using Microsoft SharePoint, SharePoint Lists, Microsoft Forms, ServiceNow, Power Platform, or similar workflow, inventory management, and governance solutions.
  • Process Improvement & Automation: Experience finding opportunities to improve processes, automate manual activities, enhance reporting capabilities, and increase operational efficiency.
  • Digital & Technology Awareness: Familiarity with website technologies, domains, DNS, content management systems (CMS), digital asset inventories, web analytics, or related technologies.
  • Reporting & Analysis: Experience developing dashboards, benchmark and risk indicator reporting, management reporting, executive presentations, and operational metrics.
  • Communication & Organization: Strong organizational, analytical, documentation, and stakeholder management skills with the ability to coordinate activities across multiple teams.

Education
Bachelor's degree in business, Communications, Project Management, Risk Management, Information Systems, or related field; or equivalent work experience.
For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.
Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
The salary range for this position (intended for U.S. applicants) is [$90000-115000] annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location.
This position is eligible to participate in one of Aon's annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.
A summary of all the benefits offered for this position:
Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon's discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
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About Aon

Sourced by ZipRecruiter

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Chicago, IL, US

Year founded

1992