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Operations Risk Analyst Jobs in Illinois (NOW HIRING)

Alera Group

Risk Analyst

Deerfield, IL · On-site

$87K - $110K/yr

OVERVIEW Risk Analyst Location: Deerfield, IL | Remote Department: Corporate Services Overview At ... From Human Resources and Finance to Technology, Legal, Marketing, and Operations, these ...

New

Alera Group

Risk Analyst

Deerfield, IL · On-site +1

$87K - $110K/yr

OVERVIEW Risk Analyst Location: Deerfield, IL | Remote Department: Corporate Services Overview At ... From Human Resources and Finance to Technology, Legal, Marketing, and Operations, these ...

New

Primient

Sr. Risk Analyst

Schaumburg, IL · On-site

Sr. Risk Analyst | Primient About Primient Primient is a century old company with an ... We deliver value through deep technical, commercial, and operational excellence that is backed by ...

Primient

Sr. Risk Analyst

Schaumburg, IL · On-site

Sr. Risk Analyst | Primient About Primient Primient is a century old company with an ... We deliver value through deep technical, commercial, and operational excellence that is backed by ...

William Blair

Senior Risk Analyst

Chicago, IL · Hybrid

The Risk Analyst will identify and analyze potential operational, financial, legal and regulatory risks that threaten the assets, earning capacity or success of the firm. Forecast risk-related costs ...

William Blair

Senior Risk Analyst

Chicago, IL · On-site

$100K - $115K/yr

The Risk Analyst will identify and analyze potential operational, financial, legal and regulatory risks that threaten the assets, earning capacity or success of the firm. Forecast risk-related costs ...

Adyen

Credit Risk Analyst

Chicago, IL · On-site

$100K - $130K/yr

... operation of credit risk frameworks for new and evolving financial products (e.g. Adyen Capital ... Analyze the impact of business model, industry and macro-economic developments on the credit ...

Adyen

Credit Risk Analyst

Chicago, IL · Hybrid

$100K - $130K/yr

... operation of credit risk frameworks for new and evolving financial products (e.g. Adyen Capital ... Analyze the impact of business model, industry and macro-economic developments on the credit ...

Electrosoft

Cyber Security Risk Analyst

Belleville, IL · On-site

Cyber Security Risk Analyst Work Location: Required onsite work at the client location at Scott Air ... Perform Extract, Transform, and Load (ETL) Operations * Accomplish data ingestion, processing ...

Electrosoft

Cyber Security Risk Analyst

Belleville, IL · On-site

$115K - $125K/yr

... Risk Analyst Work Location: Required onsite work at the client location at Scott Air Force Base ... Perform Extract, Transform, and Load (ETL) Operations * Accomplish data ingestion, processing ...

Geneva Trading

Senior Quantitative Risk Analyst

Chicago, IL · On-site

$135K - $175K/yr

Partner closely with traders, operations, and core engineering teams to align risk systems with ... Lead post-trade reviews, risk incident analysis, and implement systemic fixes to prevent recurring ...

New

Wintrust

Senior IT Risk Analyst

Rosemont, IL · Hybrid

$98K - $110K/yr

You'll play a direct role in protecting the company from major financial and operational loss ... Position Overview The Senior IT Risk Analyst (Audit concentration) role supports IT Risk Leadership ...

Wintrust

Senior IT Risk Analyst

Rosemont, IL · On-site

$98K - $110K/yr

You'll play a direct role in protecting the company from major financial and operational loss ... Position Overview The Senior IT Risk Analyst (Audit concentration) role supports IT Risk Leadership ...

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All JobsOperations Risk Analyst JobsOperations Risk Analyst Jobs in Illinois

Operations Risk Analyst information

See Illinois salary details

$37.8K

$83.2K

$150.2K

How much do operations risk analyst jobs pay per year?

As of Aug 24, 2026, the average yearly pay for operations risk analyst in Illinois is $83,181.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,500.00 and $101,300.00 per year, depending on experience, location, and employer.

What does an operations risk analyst do?

An Operations Risk Analyst is responsible for identifying, assessing, and mitigating risks that could affect a company's day-to-day operations. They analyze business processes, review compliance with regulations, and develop strategies to minimize operational losses. Their work helps ensure that an organization can operate efficiently while reducing the likelihood of disruptions or financial losses due to internal or external risks.

What are the key skills and qualifications needed to thrive as an operations risk analyst, and why are they important?

To thrive as an Operations Risk Analyst, you need strong analytical skills, attention to detail, and a background in finance, risk management, or a related field, often supported by a relevant degree. Familiarity with risk assessment tools, data analysis software (such as Excel, SAS, or Python), and sometimes certifications like FRM or ORM are typically required. Excellent problem-solving abilities, communication skills, and the ability to work collaboratively with cross-functional teams distinguish top performers. These skills and qualities are crucial for accurately identifying, evaluating, and mitigating operational risks that can impact organizational performance and compliance.

What are some common challenges faced by operations risk analysts, and how can they be addressed effectively?

Operations Risk Analysts often encounter challenges such as identifying emerging risks in rapidly changing business environments and ensuring compliance with evolving regulations. Managing large volumes of data and collaborating across multiple departments to gather accurate information can also be demanding. To address these challenges, it's important to stay updated on industry best practices, utilize risk management software, and maintain strong communication with cross-functional teams. Building strong analytical and interpersonal skills will help you navigate these complexities and contribute to creating robust risk mitigation strategies.

What is the difference between Operations Risk Analyst vs Compliance Analyst?

AspectOperations Risk AnalystCompliance Analyst
Required CredentialsBachelor's in finance, risk management, or related field; certifications like FRM or CRMBachelor's in law, finance, or related; certifications like CCEP or CRCM
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial services, banking, regulatory agencies
Employer & Industry UsageFocuses on identifying and mitigating operational risks within organizationsEnsures adherence to laws and regulations, managing compliance risks

The Operations Risk Analyst and Compliance Analyst roles share overlapping skills in risk assessment and industry knowledge but differ in focus. The Operations Risk Analyst concentrates on operational and financial risks within organizations, while the Compliance Analyst emphasizes regulatory adherence and legal risk management. Both roles are vital in financial sectors and often collaborate to ensure organizational stability and compliance.

What are popular job titles related to Operations Risk Analyst jobs in Illinois?

For Operations Risk Analyst jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Operations Risk Analyst jobs in Illinois look for?

The top searched job categories for Operations Risk Analyst jobs in Illinois are:

What cities in Illinois are hiring for Operations Risk Analyst jobs?

Cities in Illinois with the most Operations Risk Analyst job openings:

Operations Risk Analyst jobs near you
Infographic showing various Operations Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 86% Full Time, 9% Part Time, 1% Temporary, 2% Contract, and 1% Nights. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $83,181 per year, or $40 per hour.

Risk Analyst

Alera Group

Deerfield, IL • On-site

$87K - $110K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New

Alera Group rating

8.0

Company rating: 8.0 out of 10

Based on 30 frontline employees who took The Breakroom Quiz

167th of 311 rated insurance

Job description

OVERVIEW
Risk Analyst
Location: Deerfield, IL | Remote
Department: Corporate Services
Overview
At Alera Group, our corporate teams play a critical role in supporting the success of colleagues and clients across the country. From Human Resources and Finance to Technology, Legal, Marketing, and Operations, these professionals ensure our organization runs efficiently while enabling our teams to deliver exceptional service.
About Alera Group
Founded in 2017, Alera Group has grown to become the 14th largest broker of U.S. business. We are passionate about our clients' success in Employee Benefits, Property & Casualty Insurance, and Financial Services. With offices nationwide, our collaborative approach allows us to deliver national strength with local service.
We are always looking to connect with talented professionals who want to contribute to a collaborative, high-growth environment and help drive strategic initiatives across a national organization.
Why Join Alera Group?
  • Collaborate with purpose - Work alongside colleagues who believe the best results come from strong partnerships, shared expertise, and supporting one another.
  • Build your career - Expand your expertise through meaningful work, continuous learning, and opportunities to grow across a national organization.
  • Make an impact - Help clients navigate complex challenges while contributing to solutions that make a difference for their businesses, employees, and communities.

RESPONSIBILITIES
  • Perform third-party security and compliance risk assessments for new and existing vendors, evaluating risk exposure, control effectiveness, business impact, and remediation requirements
  • Review SOC reports, security questionnaires, audit documentation, certifications, and other evidence to identify control gaps and potential business impacts
  • Coordinate and execute user access reviews, validating access appropriateness and ensuring identified issues are remediated promptly
  • Document risks, findings, recommendations, and remediation plans while maintaining accurate records within governance, risk, and compliance platforms
  • Serve as a trusted advisor to stakeholders by asking thoughtful questions, identifying underlying business needs, assessing potential risks, and translating ambiguous requests into clear risk assessment, governance, and compliance activities
  • Partner with Information Security, Technology, Legal, Procurement, and business stakeholders to identify requirements, resolve risk and compliance issues, and drive effective risk-based decision-making
  • Support internal and external audits, regulatory examinations, and compliance activities through evidence collection and documentation management
  • Develop risk metrics, reporting, and dashboards that drive visibility, support decision-making, and measure the effectiveness of third-party risk and governance programs
  • Identify opportunities to improve risk management processes, controls, reporting, governance practices, and automation capabilities

QUALIFICATIONS
Required Qualifications
  • 5+ years of experience in cybersecurity risk, IT risk, information security, governance, risk and compliance (GRC), third-party risk, IT audit, or a related field
  • Hands-on experience performing third-party or vendor security risk assessments
  • Experience coordinating or performing user access reviews, access certifications, or identity governance activities
  • Familiarity with cybersecurity and compliance frameworks such as NIST CSF, SOC 2, CIS Controls, HIPAA, or similar standards
  • Strong analytical, critical thinking, and communication skills with the ability to evaluate complex situations, identify underlying business and risk requirements, and effectively communicate recommendations to both technical and non-technical audiences
  • Experience working with GRC, ticketing, identity governance, or third-party risk management platforms
  • Exercise sound judgment when evaluating risk scenarios, identifying gaps in information, and determining appropriate next steps, stakeholders, and remediation activities

Certifications
  • CISA, CGRC or equivalent preferred

Preferred Qualifications
  • Experience within a regulated industry such as insurance, financial services, or healthcare
  • Experience supporting SOC 2, HIPAA, NYDFS, or similar regulatory and compliance programs
  • Experience with automated identity governance, access certification, or third-party risk management solutions
  • Experience supporting internal or external security and compliance audits
  • Ability to independently research requirements, develop risk-based recommendations, and communicate findings to stakeholders
  • Demonstrated ability to gather and clarify ambiguous requirements, ask effective probing questions, and develop practical risk-based solutions in collaboration with business stakeholders

Compensation
  • Salary Range: $87,000 - $110,000 annually
  • Bonus Eligible: Yes

Benefits
Eligible colleagues enjoy a comprehensive benefits package including:
  • Medical, dental, and vision insurance
  • Life and disability coverage
  • 401(k)
  • Generous paid time off
  • Professional development and career growth opportunities

ADDITIONAL INFORMATION
Work Model:
This role is Remote
Preference for Central or Eastern Time Zone
Professional Development - Alera Group Academy
At Alera Group, growth isn't left to chance. Through Alera Group Academy, we provide structured development opportunities designed to help you expand your expertise and build a meaningful career.
You'll have access to:
  • Role-specific learning paths
  • Leadership development programs
  • Technical and compliance training
  • Industry certifications and continuing education support
  • Peer learning and knowledge-sharing communities

Whether you're deepening technical expertise or preparing for leadership, we're invested in helping you grow.
We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status, or any other protected class.
Alera Group is committed to protecting your privacy. Please review our Privacy Policy to understand what personal information we may collect and use as part of your application process.
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Location Type
Hybrid - 2 or less days in office

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