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Operational Risk Associate Jobs in Illinois (NOW HIRING)

Niemann Foods

Risk & Loss Prevention Analyst

Quincy, IL · On-site

$60K - $90K/yr

This role collaborates with Finance, Operations, HR and IT, ensuring strong internal controls ... Speak effectively before groups of customers or Associates of organization. MATHEMATICAL SKILLS

Clear Street

Associate Director, Risk & Margin

Chicago, IL · On-site

$125K - $170K/yr

... Associate Director to join our Risk/ Margin team. This critical role involves overseeing daily ... Partner with Technology, Operations, Legal, and Front Office teams to execute new product launches ...

Niemann Foods

Risk & Loss Prevention Analyst

Quincy, IL · On-site

$60K - $90K/yr

This role collaborates with Finance, Operations, HR and IT, ensuring strong internal controls ... Speak effectively before groups of customers or Associates of organization. MATHEMATICAL SKILLS

Zurich Insurance Group

AVP, Risk Manager

Schaumburg, IL · Hybrid

This person will report to the Head of Strategic and Operational Risk. The AVP-Risk Manager will ... Zurich Certified Insurance Apprentice including an Associate's Degree in Risk Management and 7 or ...

Zurich Insurance Group

AVP, Risk Manager

Schaumburg, IL · On-site

This person will report to the Head of Strategic and Operational Risk. The AVP-Risk Manager will ... Zurich Certified Insurance Apprentice including an Associate's Degree in Risk Management and 7 or ...

Capital One

Senior Auditor - Risk Management

Chicago, IL

$83.40K - $102.50K/yr

... Operational Risk Management At this time, Capital One will not sponsor a new applicant for employment authorization for this position. This role is hybrid meaning associates typically spend 3 days ...

Capital One

Senior Auditor - Risk Management

Riverwoods, IL

$84.10K - $103.30K/yr

... Operational Risk Management At this time, Capital One will not sponsor a new applicant for employment authorization for this position. This role is hybrid meaning associates typically spend 3 days ...

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How much do operational risk associate jobs pay per hour?

As of Jun 4, 2026, the average hourly pay for operational risk associate in Illinois is $25.43, according to ZipRecruiter salary data. Most workers in this role earn between $17.26 and $29.33 per hour, depending on experience, location, and employer.

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

To thrive as an Operational Risk Associate, you need strong analytical skills, knowledge of risk management frameworks, and a background in finance, business, or a related field. Familiarity with risk assessment tools, regulatory compliance systems, and certifications such as FRM or CRISC is often required. Attention to detail, problem-solving ability, and effective communication are vital soft skills for identifying risks and collaborating with teams. These skills ensure accurate risk identification, regulatory compliance, and the development of strategies to mitigate operational losses.

What are the typical challenges an Operational Risk Associate faces when working with cross-functional teams?

Operational Risk Associates often collaborate with departments such as compliance, audit, IT, and business operations to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment across teams with different priorities and risk tolerances. Additionally, navigating data inconsistencies and varying risk awareness levels can make it difficult to implement standardized controls. Building strong relationships and maintaining open channels for feedback help address these challenges and foster a proactive risk culture.

What does an Operational Risk Associate do?

An Operational Risk Associate is responsible for identifying, assessing, and helping to mitigate risks that could impact a company's day-to-day operations. They work to ensure that processes, systems, and controls are in place to minimize the likelihood and impact of operational failures, such as fraud, system breakdowns, or regulatory breaches. Their duties often include risk assessments, incident reporting, data analysis, and supporting the implementation of risk management policies and procedures. Operational Risk Associates frequently collaborate with other departments to raise awareness and promote a strong risk culture within the organization.

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

AspectOperational Risk AssociateCredit Risk Analyst
Required CredentialsBachelor's degree, certifications like FRM or ORMBachelor's degree, certifications like CFA or FRM
Work EnvironmentFinancial institutions, risk management teamsBanking, lending institutions, credit departments
Employer & Industry UsageUsed in risk management departments across finance sectorsCommon in banking and lending sectors for credit assessment
Comparison Search IntentUnderstanding risk management roles in operationsAssessing credit risk and loan viability

The Operational Risk Associate focuses on identifying and mitigating risks related to operational processes within financial institutions, while the Credit Risk Analyst specializes in evaluating the creditworthiness of borrowers. Both roles require similar certifications and work in risk-related departments, but their core responsibilities differ—one manages operational risks, the other assesses credit risks.

What are the most commonly searched types of Operational Risk jobs in Illinois? The most popular types of Operational Risk jobs in Illinois are:
What are popular job titles related to Operational Risk Associate jobs in Illinois? For Operational Risk Associate jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Operational Risk Associate jobs in Illinois look for? The top searched job categories for Operational Risk Associate jobs in Illinois are:
What cities in Illinois are hiring for Operational Risk Associate jobs? Cities in Illinois with the most Operational Risk Associate job openings:
Operational Risk Associate jobs near you
Risk & Loss Prevention Analyst

Risk & Loss Prevention Analyst

County Market

Quincy, IL

$60K - $90K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago

Job description

SUMMARY
We are seeking a highly analytical and detail-oriented Risk & Loss Prevention Analyst to lead the design, implementation, and continuous improvement of operational risk across the organization. This role collaborates with Finance, Operations, HR and IT, ensuring strong internal controls, standardized processes, and data-driven risk mitigation strategies across all locations and formats.
The ideal candidate is both strategically minded and hands-on, with deep experience in retail operational processes, internal controls, and cross-functional collaboration.
ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Design, implement, and audit internal control systems to identify risk areas and implement mitigation strategies
  • Creates processes across all locations and formats to manage fraud detection systems and internal theft prevention tools
  • Develop systems to monitor operational risk trends
  • Collaborate with Finance to ensure appropriate financial controls are embedded in operational processes
  • Partners with HR, IT, Finance and Operations to align systems, controls, and accountability
  • Prepare and present risk reports and recommendations to leadership
  • Oversee installation, monitoring, and maintenance of security systems, cameras, and alarm systems at all retail locations.
  • Responsible for company Receiving operational practices and policies
  • Support HR in conducting workplace investigations, including allegations of harassment, discrimination, and policy violations.
  • Other duties as assigned by supervisor
KEY ATTRIBUTES
  • High Integrity & Ethical Judgment
  • Detail-Oriented
  • Data-Driven Decision Maker
  • Operationally Focused
  • Collaborative Skills
  • Proactive Problem Solver
  • Technologically Skills
  • Ability to work independently
  • Strong communication skills
SUPERVISORY RESPONSIBILITIES
  • This position has no supervisory responsibilities
EDUCATION and/or EXPERIENCE
  • Proven experience building, improving, or auditing retail operational processes
  • Strong analytical background with the ability to create advanced spreadsheets
  • Experience working with Finance, Operations, HR, and IT
  • Demonstrated experience designing and auditing internal controls
  • Knowledge of fraud detection methodologies and internal theft prevention strategies
  • Experience leading operational risk assessments
  • Technology-forward mindset with experience leveraging systems, reporting tools, and analytics to reduce risk
  • Experience in multi-location retail or multi-format environments
  • Experience implementing risk management or compliance software platforms
LANGUAGE SKILLS
  • Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
  • Write routine reports and correspondence.
  • Speak effectively before groups of customers or Associates of organization.
MATHEMATICAL SKILLS
  • Ability to apply mathematical skills to practical daily store operations and issues.
CERTIFICATIONS, LICENSES, REGISTRATIONS
  • Valid Driver's License
RECOMMENDED EQUIPMENT
  • General office equipment
PHYSICAL DEMANDS
Regularly (Over 2/3 of the time)
  • Sit
  • Use hands to finger, handle, or feel
  • Reach with hands and arms
  • Talk or hear
Frequently (Between 1/3 to 2/3 of the time)
  • Stand
  • Walk
  • Lift and/or move up to 50 pounds
Occasionally (Less than1/3 of the time)
  • Climb
  • Balance
  • Stoop, kneel, crouch, or crawl
  • Taste or smell
  • Lift and/or move up to 100 pounds
Vision
  • Close
  • Distance
  • Color
  • Depth Perception
  • Ability to adjust to focus
  • Ability to distinguish colors
WORK ENVIRONMENT
Occasionally (Less than1/3 of the time)
  • Exposed to outside weather conditions
  • Extreme heat
Noise level
  • Moderate
PAY RANGE (depends on industry experience)
$60,000 up to $90,000 (IL Locations Only)
BENEFITS (eligibility based on full-time/part-time status)
  • Medical, Dental, and Vision Insurance
  • Flexible Spending Accounts (Medical and Dependent Care)
  • Life Insurance
  • Voluntary Benefits
  • Paid Time Off
  • Retirement Plans
  • Employee Assistance Program

**Niemann Foods Management retains the discretion to add to or change the position requirements at any time.
**Position requirements may vary by store location

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