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

This person will report to the Head of Strategic and Operational Risk. The AVP-Risk Manager will ... The proposed salary range for this position is $110,220 - $180,510, with short-term incentive bonus ...

This person will report to the Head of Strategic and Operational Risk. The AVP-Risk Manager will ... The proposed salary range for this position is $110,220 - $180,510, with short-term incentive bonus ...

... Operational Risk Management. * Advanced knowledge of risk management frameworks, controls, and ... Competitive salaries with professional development and advancement opportunities. * Bonus benefits ...

Partner with Technology, Operations, Legal, and Front Office teams to execute new product launches ... The Base Salary Range for this role is $125,000-170,000. This range is representative of the ...

Senior Auditor - Risk Management

Riverwoods, IL · On-site

$84K - $103K/yr

Design and execute internal control testing for operations of varying complexity. * Perform audit ... Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be ...

Senior Auditor - Risk Management

Chicago, IL · On-site

$83K - $102K/yr

Design and execute internal control testing for operations of varying complexity. * Perform audit ... Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be ...

Design and execute internal control testing for operations of varying complexity. * Perform audit ... Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be ...

Senior Auditor - Risk Management

Riverwoods, IL · On-site

$84K - $103K/yr

Design and execute internal control testing for operations of varying complexity. * Perform audit ... Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be ...

Design and execute internal control testing for operations of varying complexity. * Perform audit ... Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be ...

Senior Auditor - Risk Management

Chicago, IL · On-site

$83K - $102K/yr

Design and execute internal control testing for operations of varying complexity. * Perform audit ... Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be ...

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Showing results 1-20

Operational Risk Salary information

See Chicago, IL salary details

$48.4K

$124.3K

$244.1K

How much do operational risk salary jobs pay per year?

As of Jul 15, 2026, the average yearly pay for operational risk salary in Chicago, IL is $124,344.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,700.00 and $163,800.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

The highest paying risk management roles are often senior executive positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually depending on the industry and company size. These roles require extensive experience, advanced certifications like FRM or PRM, and strong leadership skills.

What is an operational risk job?

An operational risk job involves identifying, assessing, and managing risks that arise from internal processes, people, systems, or external events within an organization. Professionals in this field analyze data, develop risk mitigation strategies, and often use tools like risk management software to ensure business continuity and compliance.

What professions make $500,000 a year?

In the field of operational risk, senior risk management executives, such as Chief Risk Officers or senior directors at large financial institutions, can earn $500,000 or more annually. These roles typically require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills, often working in high-pressure environments with complex regulatory requirements.

What jobs make $1,000,000 a year?

In the field of operational risk, very few roles reach a $1,000,000 annual salary, typically limited to senior executive positions such as Chief Risk Officer or Chief Executive Officer in large financial institutions. These roles require extensive experience, advanced certifications, and leadership responsibilities, often supplemented by bonuses and stock options. Most operational risk professionals earn significantly less, with top executives in finance and banking sometimes surpassing this threshold.
What are popular job titles related to Operational Risk Salary jobs in Chicago, IL? For Operational Risk Salary jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Operational Risk Salary jobs in Chicago, IL look for? The top searched job categories for Operational Risk Salary jobs in Chicago, IL are:
Senior Associate Risk Manager- Global Payments Network Risk

Senior Associate Risk Manager- Global Payments Network Risk

Capital One

Riverwoods, IL • On-site

Full-time

Re-posted 5 days ago


Capital One rating

7.8

Company rating: 7.8 out of 10

Based on 143 frontline employees who took The Breakroom Quiz

76th of 149 rated banks


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-including 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.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
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
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.
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. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
No agencies please. 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, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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