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

This opportunity offers exposure to global operations, enterprise risk management initiatives, and ... The Risk & Compliance Associate will support the organization's global compliance, ethics, and ...

This opportunity offers exposure to global operations, enterprise risk management initiatives, and ... The Risk & Compliance Associate will support the organization's global compliance, ethics, and ...

This opportunity offers exposure to global operations, enterprise risk management initiatives, and ... The Risk & Compliance Associate will support the organization's global compliance, ethics, and ...

This opportunity offers exposure to global operations, enterprise risk management initiatives, and ... The Risk & Compliance Associate will support the organization's global compliance, ethics, and ...

Client Service Associate

Chicago, IL · On-site

$15 - $20.50/hr

As a Client Service Associate within the Commercial Banking Client On-boarding (CBCO) Know Your ... Mitigate operational risk by maintaining vigilant awareness of process risks and implementing best ...

Client Service Associate

Chicago, IL · On-site

$15 - $20.50/hr

As a Client Service Associate within the Commercial Banking Client On-boarding (CBCO) Know Your ... Mitigate operational risk by maintaining vigilant awareness of process risks and implementing best ...

... global operations, enterprise risk management initiatives, and high-impact compliance programs within a respected international organization. The Risk & Compliance Associate will support the ...

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Operational Risk Associate information

See Chicago, IL salary details

$11

$27

$55

How much do operational risk associate jobs pay per hour?

As of Jun 20, 2026, the average hourly pay for operational risk associate in Chicago, IL is $27.06, 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 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 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 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 most commonly searched types of Operational Risk jobs in Chicago, IL? The most popular types of Operational Risk jobs in Chicago, IL are:
What job categories do people searching Operational Risk Associate jobs in Chicago, IL look for? The top searched job categories for Operational Risk Associate jobs in Chicago, IL are:
SAP Business Process & IT Controls Sr Associate

SAP Business Process & IT Controls Sr Associate

Pwc

Chicago, IL • On-site

$77K - $202K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 3 days ago


PwC rating

8.4

Company rating: 8.4 out of 10

Based on 74 frontline employees who took The Breakroom Quiz

19th of 57 rated business consultants


Job description

Industry/Sector

Not Applicable

Specialism

SAP

Management Level

Senior Associate

Job Description & Summary

The Opportunity
As a SAP Business Process & IT Controls Sr Associate, you will engage with clients to optimize operational efficiency through business application consulting. Within our Technology Consulting practice, you will focus on SAP compliance and security, analyzing client requirements, implementing security measures, and providing guidance to maintain compliance with industry regulations. This role is pivotal in helping clients mitigate risks and protect sensitive data.
As a Senior Associate, you will build meaningful client connections and learn how to manage and inspire others. You will navigate increasingly complex situations, growing your personal brand and enhancing your technical skills. You are expected to anticipate the needs of your teams and clients, delivering quality solutions. Embracing ambiguity, you will use these moments as opportunities to grow and develop a deeper understanding of the business context.
In this role, you will leverage your skills to analyze complex problems and provide consulting services that confirm compliance and enhance security within SAP applications. Your contributions will enable clients to achieve their strategic objectives while maintaining compliance with regulatory standards.
Responsibilities
- Analyzing client requirements to implement security measures within SAP applications
- Providing consulting services to confirm compliance and enhance security in SAP environments
- Offering guidance and support for compliance with regulatory standards
- Collaborating with clients to optimize operational efficiency through business application consulting
- Implementing software solutions and providing training for seamless integration of business applications
- Supporting clients in achieving strategic objectives by mitigating risks and protecting sensitive data
- Developing policies and guidelines for compliance and governance frameworks
- Conducting compliance audits and reviews to maintain adherence to industry regulations
- Utilizing SAP Governance, Risk, and Compliance (GRC) tools to enhance security measures
- Engaging in operational risk management to improve organizational performance
- Building meaningful client connections and managing complex situations effectively
- Mentoring junior team members and fostering a collaborative work environment
What You Must Have
- At least a Bachelor's degree
- At least 2 years of experience of experience delivering SAP compliance, security, and governance solutions, including auditing, advisory, and implementation engagements
What Sets You Apart
- Utilizing SAP Governance, Risk and Compliance (GRC) expertise
- Implementing SAP BW/4HANA solutions effectively
- Demonstrating proficiency in compliance program implementation
- Excelling in operational risk management strategies
- Developing policies and guidelines for regulatory compliance
- Analyzing complex data for informed decision-making
- Building meaningful client relationships through effective communication

Travel Requirements

Up to 40%

Job Posting End Date

The salary range for this position is: $77,000 - $202,000. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws. All hired individuals are eligible for an annual discretionary bonus. PwC offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation, personal and family sick leave, and more. To view our benefits at a glance, please visit the following link: https://pwc.to/benefits-at-a-glanceAs PwC is anequal opportunity employer, all qualified applicants will receive consideration for employment at PwC without regard to race; color; religion; national origin; sex (including pregnancy, sexual orientation, and gender identity); age; disability; genetic information (including family medical history); veteran, marital, or citizenship status; or, any other status protected by law.PwC does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.Learn more about how we work: https://pwc.to/how-we-workFor only those qualified applicants that are impacted by the Los Angeles County Fair Chance Ordinance for Employers, the Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, San Diego County Fair Chance Ordinance, and the California Fair Chance Act, where applicable, arrest or conviction records will be considered for Employment in accordance with these laws. At PwC, we recognize that conviction records may have a direct, adverse, and negative relationship to responsibilities such as accessing sensitive company or customer information, handling proprietary assets, or collaborating closely with team members. We evaluate these factors thoughtfully to establish a secure and trusted workplace for all.

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