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Operations Risk Analyst Jobs in Illinois (NOW HIRING)

Niemann Foods

Risk & Loss Prevention Analyst

Quincy, IL · On-site

$60K - $90K/yr

This role collaborates with Finance, Operations, HR and IT, ensuring strong internal controls ... analytics to reduce risk * Experience in multi-location retail or multi-format environments

New

Berkley

Operations Analyst II

Chicago, IL · On-site

Berkley Select utilizes individual risk underwriting, loss control, and claims practices to provide ... The Operations Analyst II plays a critical role in advancing this evolution by designing ...

BMO Financial

Credit Risk Model Validation

Chicago, IL · On-site

Conducts independent analysis and assessment to resolve strategic issues. * Supports development ... Provides input into the planning and implementation of ongoing operational programs in support of ...

Adyen

Credit Risk Officer

Chicago, IL · On-site

Credit Risk Officer - Financial Products As a Credit Risk Analyst based in Chicago, you will be ... operation of credit risk frameworks for new and evolving financial products (e.g. Adyen Capital)

Associatedbank

Model Risk Manager

Chicago, IL

... operational risk programs as defined. This position will create and drive policies, program ... analysis, and ongoing monitoring of overall risk profiles. This role will be a liaison with ...

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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 May 30, 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 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 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 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
Risk & Loss Prevention Analyst

Risk & Loss Prevention Analyst

Niemann Foods, Inc

Quincy, IL • On-site

$60K - $90K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago

Job description

SUMMARY
We are seeking a highly analytical and detail-oriented Risk & Loss Prevention Analyst to lead the design, implementation, and continuous improvement of operational risk across the organization. This role collaborates with Finance, Operations, HR and IT, ensuring strong internal controls, standardized processes, and data-driven risk mitigation strategies across all locations and formats.
The ideal candidate is both strategically minded and hands-on, with deep experience in retail operational processes, internal controls, and cross-functional collaboration.
ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Design, implement, and audit internal control systems to identify risk areas and implement mitigation strategies
  • Creates processes across all locations and formats to manage fraud detection systems and internal theft prevention tools
  • Develop systems to monitor operational risk trends
  • Collaborate with Finance to ensure appropriate financial controls are embedded in operational processes
  • Partners with HR, IT, Finance and Operations to align systems, controls, and accountability
  • Prepare and present risk reports and recommendations to leadership
  • Oversee installation, monitoring, and maintenance of security systems, cameras, and alarm systems at all retail locations.
  • Responsible for company Receiving operational practices and policies
  • Support HR in conducting workplace investigations, including allegations of harassment, discrimination, and policy violations.
  • Other duties as assigned by supervisor

KEY ATTRIBUTES
  • High Integrity & Ethical Judgment
  • Detail-Oriented
  • Data-Driven Decision Maker
  • Operationally Focused
  • Collaborative Skills
  • Proactive Problem Solver
  • Technologically Skills
  • Ability to work independently
  • Strong communication skills

SUPERVISORY RESPONSIBILITIES
  • This position has no supervisory responsibilities

EDUCATION and/or EXPERIENCE
  • Proven experience building, improving, or auditing retail operational processes
  • Strong analytical background with the ability to create advanced spreadsheets
  • Experience working with Finance, Operations, HR, and IT
  • Demonstrated experience designing and auditing internal controls
  • Knowledge of fraud detection methodologies and internal theft prevention strategies
  • Experience leading operational risk assessments
  • Technology-forward mindset with experience leveraging systems, reporting tools, and analytics to reduce risk
  • Experience in multi-location retail or multi-format environments
  • Experience implementing risk management or compliance software platforms

LANGUAGE SKILLS
  • Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
  • Write routine reports and correspondence.
  • Speak effectively before groups of customers or Associates of organization.

MATHEMATICAL SKILLS
  • Ability to apply mathematical skills to practical daily store operations and issues.

CERTIFICATIONS, LICENSES, REGISTRATIONS
  • Valid Driver's License

RECOMMENDED EQUIPMENT
  • General office equipment

PHYSICAL DEMANDS
Regularly (Over 2/3 of the time)
  • Sit
  • Use hands to finger, handle, or feel
  • Reach with hands and arms
  • Talk or hear

Frequently (Between 1/3 to 2/3 of the time)
  • Stand
  • Walk
  • Lift and/or move up to 50 pounds

Occasionally (Less than1/3 of the time)
  • Climb
  • Balance
  • Stoop, kneel, crouch, or crawl
  • Taste or smell
  • Lift and/or move up to 100 pounds

Vision
  • Close
  • Distance
  • Color
  • Depth Perception
  • Ability to adjust to focus
  • Ability to distinguish colors

WORK ENVIRONMENT
Occasionally (Less than1/3 of the time)
  • Exposed to outside weather conditions
  • Extreme heat

Noise level
  • Moderate

PAY RANGE (depends on industry experience)
$60,000 up to $90,000 (IL Locations Only)
BENEFITS (eligibility based on full-time/part-time status)
  • Medical, Dental, and Vision Insurance
  • Flexible Spending Accounts (Medical and Dependent Care)
  • Life Insurance
  • Voluntary Benefits
  • Paid Time Off
  • Retirement Plans
  • Employee Assistance Program

**Niemann Foods Management retains the discretion to add to or change the position requirements at any time.
**Position requirements may vary by store location

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