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Operations Risk Analyst Jobs in Illinois (NOW HIRING)

Wedbush Securities

Analyst, Risk Monitoring

Chicago, IL · On-site

$68K - $89K/yr

Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ... Escalate risk or operational concerns to the Head of Risk and leadership * Coordinate team ...

Wedbush

Analyst, Risk Monitoring

Chicago, IL

$68K - $89K/yr

Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ... The primary function of this role is to lead after-hours trading operations with a focus on client ...

M&G plc

Investment Operations Analyst

Chicago, IL · On-site

Investment Operations Analyst / Business Risk Partner (1B) role operates within a service-recipient operating model, whereby a number of core services-including HR, Tax, Finance, Payroll, Data ...

M&G

Investment Operations Analyst

Chicago, IL · Hybrid

Investment Operations Analyst / Business Risk Partner (1B) role operates within a servicerecipient operating model, whereby a number of core services-including HR, Tax, Finance, Payroll, Data ...

Servbank

AVP, Banking Risk & Controls

Bourbonnais, IL · On-site

$94K - $110K/yr

Develop corporate compliance and operational risk strategies by analyzing internal testing results, regulatory guidance, and external industry trends. * Assist in developing procedures that minimize ...

Servbank, sb Inc.

AVP, Banking Risk & Controls

Watseka, IL · On-site

$94K - $110K/yr

Develop corporate compliance and operational risk strategies by analyzing internal testing results, regulatory guidance, and external industry trends. * Assist in developing procedures that minimize ...

Servbank, sb Inc.

AVP, Banking Risk & Controls

Danville, IL · On-site

$94K - $110K/yr

Develop corporate compliance and operational risk strategies by analyzing internal testing results, regulatory guidance, and external industry trends. * Assist in developing procedures that minimize ...

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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 Jul 13, 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 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.

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.
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 1% Locum Tenens, 1% Internship, 88% Full Time, 5% Part Time, 1% Temporary, and 4% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $83,181 per year, or $40 per hour.
Risk & Compliance Analyst (IT)

Risk & Compliance Analyst (IT)

Illinois National Bank

Springfield, IL • On-site

$50K - $65K/yr

Full-time

Medical, Dental, Vision, Life

Posted 26 days ago

Job description

Please note: This is an in-office position that is located in Springfield, IL
Application Instructions: Interested candidates are encouraged to apply with a resume and cover letter detailing their experience and qualifications relevant to this position.
About Us:
At INB, your career is more than a job; it's a chance to make a difference. As a locally owned, community-focused bank, we help individuals and businesses reach their financial goals through personalized service and trusted relationships. Our team is built on care, creativity, teamwork, balance, smart work, and enthusiasm. Join us and be part of a purpose-driven culture that makes a positive impact every day.
Job Summary: The Risk & Compliance Analyst safeguards organizational assets and ensures regulatory compliance by managing information security, risk assessments, policy reviews, and audit operations. This role also oversees third-party vendor compliance, delivers security training, and supports business continuity. Strong analytical, communication, and problem-solving skills are essential.
Requirements
Key Responsibilities:
  • Asset Management: Maintain an inventory of organizational information assets. Maintain workflow/process diagrams for all critical bank functions.
  • Business Continuity: Maintain business continuity plans to ensure organizational resilience. Facilitate periodic disaster recovery testing.
  • Risk Assessment Management: Conduct risk assessments to assist in managing risk mitigation strategies to protect organizational assets.
  • Policy Management: Manage review process of all security policies, standards, and procedures in line with industry standards
  • Change Management: Monitor change management processes to ensure that security impacts are assessed and managed.
  • Operational Security Monitoring: Continuously monitor security operations to identify and address potential threats and verify effective controls operation.
  • Identity and Access: Management: Manage identity and access controls to safeguard sensitive information. Conduct User Access Reviews periodically to ensure compliance with Role Based Access Controls.
  • Audit Operations: Participate: in external audits, ensuring compliance with regulatory requirements.
  • Audit Remediation: Implement: and track remediation efforts for audit findings to ensure compliance and security.
  • Third-Party Management: Assess and manage third-party vendors to ensure they meet security requirements.
  • Security Awareness Training: Deliver security awareness training programs to educate employees on best practices.
  • Framework and Regulatory: Compliance Management: Ensure compliance with key frameworks including NIST 800-53, NIST CSF, and regulatory compliance such as GLBA, PCI, and HIPAA.
  • Management Reporting: Assist in preparation of monthly management reports
  • Perform other duties as assigned.

Qualifications:
  • Bachelor's degree in Information Security, Information Assurance, or a related field, or equivalent work experience
  • Previous banking experience preferred but not required
  • Project management skills preferred but not required
  • Experience in Microsoft Office Suite and Visio
  • Analytical/attention to detail
  • Excellent problem-solving skills and the ability to work both independently and as part of a team.
  • Strong communication skills, with the ability to convey complex security concepts to non-technical stakeholders.

Preferred Skills:
  • Familiarity with regulatory compliance
  • Experience with hybrid cloud environments
  • Understanding of NIST frameworks (NIST 800-53, NIST CSF)
  • Understanding of regulatory compliance such as GLBA, PCI, and HIPAA

Team Culture Skills:
  • Demonstrates ownership and accountability, proactively identifying and addressing risks before they escalate
  • Anticipates and responds to the needs of internal and external customers
  • Stays informed of emerging technologies, best practices, and regulatory changes; devotes time to professional development
  • Upholds ethical standards, owns mistakes, and communicates status and challenges openly
  • Responds swiftly to critical situations, demonstrating agility and a solutions-driven mindset
  • Provides timely, jargon-free updates to stakeholders and non-technical colleagues
  • Fosters creativity and continuous improvement

Work Environment:
  • This role may require occasional after-hours or weekend work to support maintenance activities, critical issues, or after-hours walkthroughs/controls reviews.
  • Opportunity to work in a dynamic, fast-paced environment with cutting-edge technologies.

Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. The employee is required to regularly lift and/or move up to 10 pounds, frequently lift and/or move up to 25 pounds, and occasionally lift and/or move up to 50 pounds.
Salary:
$50,000.00-$65,000.00 annually. The estimated hiring range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications, and other job-related reasons.
Group Insurance Benefits and Plans
INB provides health, dental, vision, and life insurance benefits to all full-time employees. Coverage is also extended to their eligible dependents. Active employees make premium contributions based on plan selections. Please click the link below for all benefits that are offered. https://www.inb.com/Resources/9f1b90c4-905c-4cd7-9dee-afd9937ab37a/INB%20employee%20benefit%20flier%202025.pdf
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions.
ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for American with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.
INB, N.A. is committed to Equal Employment Opportunity with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment. It is INB's policy to afford equal opportunity to all employees and applicants for employment without regard to race, creed, color, sex, sexual orientation, age, marital status, national origin, disability, religion, veteran status, or any other basis prohibited by law. The EEO Law poster is available here:
Know Your Rights: Workplace discrimination is illegal
Salary Description
$50,000.00-$65,000.00 annually.

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