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Operations Risk Analyst Jobs in Illinois (NOW HIRING)

William Blair

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

Risk Analyst

Chicago, IL · On-site

$77K - $95K/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 ...

Invesco

Junior Risk Analyst

Downers Grove, IL · Hybrid

... Operations, and Data teams to remediate root causes and document resolutions Assist in producing ... Prepare analysis and materials for portfolio reviews, risk forums, and governance routines ...

Invesco

Junior Risk Analyst

Downers Grove, IL · On-site

... Operations, and Data teams to remediate root causes and document resolutions • Assist in ... Prepare analysis and materials for portfolio reviews, risk forums, and governance routines ...

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 ...

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 ...

RWE

Risk Analyst/Data Analyst

Chicago, IL · On-site

$85K - $100K/yr

... activities to drive operational excellence and continuous improvement. Responsibilities ... Interacting with desk-facing risk teams and front office * Supporting setup of new trading products

INB, N.A.

Risk & Compliance Analyst (IT)

Springfield, IL · On-site

The Risk & Compliance Analyst safeguards organizational assets and ensures regulatory compliance by ... Operational Security Monitoring: Continuously monitor security operations to identify and address ...

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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 4, 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.

Is operations risk analyst a good career?

Operations risk analysts evaluate and manage risks within organizations, often working with data analysis, compliance, and risk mitigation strategies. The role offers opportunities for advancement, requires strong analytical skills, and is in demand across various industries such as finance, healthcare, and manufacturing.

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 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.

Do operations risk analysts make good money?

Operations risk analysts typically earn a competitive salary that varies based on experience, industry, and location. Entry-level positions may start around $60,000 annually, while experienced analysts can earn over $100,000, especially with certifications like FRM or CRM. The role often involves analyzing data, assessing risks, and implementing risk mitigation strategies, which can influence earning potential.

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 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.

How much do operations risk analysts get paid?

Operations risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications like FRM or CRC can earn higher salaries. Compensation often includes benefits and opportunities for bonuses based on performance.
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 July 2026, with employment types broken down into 86% Full Time, 9% Part Time, 1% Temporary, and 4% Contract. Highlights an 85% Physical, 6% Hybrid, and 9% Remote job distribution, with an average salary of $83,181 per year, or $40 per hour.

Risk Analyst

William Blair

Chicago, IL • Hybrid

Other

Re-posted 22 days ago

Job description

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, and develop and analyze alternatives for risk mitigation. Apply knowledge of enterprise risk management principles and methodologies to aid business partners in establishing lines of defense to address risks and monitor their effectiveness. Recommend solutions to address potential risk changes and future trends. Assist in educating employees on risk awareness and the firm's enterprise risk management framework.

Responsibilities include but may not be limited to:

  • Develop and maintain an understanding of assigned business areas, including their current processes, systems, initiatives, market environment, and business strategies and challenges.
  • Identify and analyze specific operational, financial, legal and regulatory risks that threaten the assets, earning capacity or success of the business area.
  • Categorize and assess the severity of risks within a defined framework. Identify potential risk impact and costs to the firm.
  • Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure.
  • Collaborate with business partners to recommend solutions to reduce or control risk.
  • Develop reports and presentations to outline findings and recommendations for risk mitigation opportunities and costs.
  • Provide risk management perspective to business areas as they consider proposed changes in their organization, operations or systems. Educate businesses in understanding and addressing operational, legal and regulatory and financial risks.
  • Identify and assess changes in government legislation and advise on compliance.
  • Continuously update assigned components of the enterprise risk portfolio. Monitor progress on risk mitigation efforts.
  • Develop contingency plans to deal with emergencies such as business continuity, emergency response, crisis communication.
  • Ensure all work activities are in compliance with applicable rules, regulations, policies and procedures.
  • Additional responsibilities as requested.

Qualifications:

  • Bachelor's Degree required
  • 2 - 5 years of financial services industry and risk management experience required, preferably in a risk, audit, or compliance roleStrong written and verbal communication skills
  • Knowledge of enterprise risk principles and methodologies
  • Knowledge of applicable regulations
  • Ability to develop cross-functional relationships to achieve project objectives
  • Project management and prioritization skills
  • Critical thinking and problem solving skills

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