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

Aritzia

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

Risk Associate Our Enterprise Risk Management department is responsible for minimizing loss while respecting people, brand and operations. With a special focus on merchandise security, our Risk ...

Aritzia

Retail Stores - Risk Associate

Oak Brook, IL · On-site

$15.25 - $18.25/hr

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

Aritzia LP

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

Aritzia LP

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

Aritzia

Retail Stores - Risk Associate

Northbrook, IL · On-site

$15.25 - $18.25/hr

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

Aritzia

Retail Stores - Risk Associate

Skokie, IL · On-site

$14.25 - $17.25/hr

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

Aritzia LP

Retail Stores - Risk Associate

Rosemont, IL · On-site

$15 - $18.25/hr

... operations. THE OPPORTUNITY With a special focus on merchandise security, our Risk Associate ... supports the Store team in delivering an outstanding customer experience while encouraging a safe ...

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Operational Risk Associate information

See Chicago, IL salary details

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$27

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How much do operational risk associate jobs pay per hour?

As of Aug 19, 2026, the average hourly pay for operational risk associate in Chicago, IL is $27.04, according to ZipRecruiter salary data. Most workers in this role earn between $18.32 and $31.20 per hour, depending on experience, location, and employer.

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 are the key skills and qualifications needed to thrive as an Operational Risk Associate?

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 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 Chicago, IL?

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

Operational Risk Associate jobs near you

Senior Associate Risk Manager- Global Payments Network Risk

Capital One National Association

Riverwoods, IL • On-site

$87.70 - $100.10/hr

Other

Posted yesterday

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Job description

Senior Associate Risk Manager - Global Payments Network Risk

Are you ready to lead from the front line of a top 10 bank? Do you thrive in a high‑visibility environment where your strategic relationship‑building translates directly into innovative risk solutions? As a Senior Risk Associate at Capital One, you won't just monitor risk—you will partner with business leaders to actively shape our defense strategies, ensuring the company remains stable, resilient, and profitable.

We are seeking highly motivated Risk Management professionals who blend sharp organizational prowess with exceptional communication skills. In this role, you will enjoy significant exposure across multiple lines of business, empowering you to design, champion, and implement progressive frameworks that safeguard our enterprise.

Responsibilities
  • Strategic Risk Consulting: Serve as a trusted advisor to core business areas, providing tailored guidance and proactive risk mitigation strategies relative to their specific business lines.
  • Stakeholder & Client Management: Cultivate, leverage, and sustain key executive relationships across the enterprise to foster deep collaboration and break down silos.
  • Reporting Excellence: Own, enhance, and execute internal and external reporting processes, ensuring flawless documentation that aligns with complex regulatory and internal expectations.
  • Framework Alignment: Map and adjust localized business processes to seamlessly align with overarching Capital One corporate requirements and risk frameworks.
  • Governance Documentation: Author, review, and continuously refine critical governance documents, including policies, standards, procedures, and operational guidelines.
  • Tool & Method Development: Design and optimize risk management processes, tools, templates, and job aids. Craft and deliver high‑impact presentations to train and guide teams on risk methodology usage.
  • Cross‑Functional Collaboration: Partner effectively with specialized teams across the enterprise—Operational Risk Management, Enterprise Risk Management, Compliance, Business Risk Offices, Information Technology, Basel Program, Internal Audit, and Regulatory Relations—to achieve unified risk objectives.
Basic Qualifications
  • Bachelor's Degree or military experience
  • At least 1 year of experience in project or process management
Preferred Qualifications
  • At least 2 years of experience in project or process management
  • At least 1 year of experience in Risk Management
  • At least 2 years of experience creating and delivering executive‑level presentations and communications
  • At least 1 year of experience leading organizational change management

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Compensation
  • McLean, VA: $96,500 – $110,100 for Sr. Risk Associate
  • New York, NY: $105,300 – $120,100 for Sr. Risk Associate
  • Richmond, VA: $87,700 – $100,100 for Sr. Risk Associate
  • Riverwoods, IL: $87,700 – $100,100 for Sr. Risk Associate

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. Eligibility varies based on full or part‑time status, exempt or non‑exempt status, and management level.

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.

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