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Operations Risk Analyst Jobs in Illinois (NOW HIRING)

TransUnion

Senior Risk Management Analyst

Chicago, IL · On-site

Support investigations following operational incidents or risk events and assist in designing enhanced controls where necessary. Analyze risk, control, and testing results and present findings to ...

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 ...

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 ...

3M HEALTHCARE

Senior Financial Risk Analyst

Chicago, IL · On-site

$111K - $130K/yr

... risk models, forecasting key balance sheet items and providing deep dive analysis into financial ... You are the perfect mix of analytical, technical, operational, and creative. You are a clear ...

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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 Sep 14, 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.

Sr Credit Risk Analyst - Credit Card Strategy

Chicago, IL • On-site, Remote

Tiger Analytics Inc.
Business Management Consulting • 201 - 500 employees
Learn more about Tiger Analytics Inc.external

Full-time

Re-posted 10 days ago

Job description

Tiger Analytics is an advanced analytics consulting firm. We are the trusted analytics partner for several Fortune 100 companies, enabling them to generate business value from data. Our consultants bring deep expertise in Data Science, Machine Learning and AI. Our business value and leadership has been recognized by various market research firms, including Forrester and Gartner.
We are looking for experienced Credit Risk Analyst to join its credit risk strategy team. This role will focus on credit card portfolio management, credit line strategies, and developing data-driven risk policies to optimize portfolio performance while effectively managing credit exposure. The ideal candidate will have strong hands-on experience with Credit Line Increase (CLI) strategies, credit card risk management, portfolio analytics, and credit policy development.
Responsibilities:
  • Develop, enhance, and manage credit card credit line and CLI strategies.
  • Analyze portfolio performance, customer behavior, credit risk, utilization, exposure, and profitability.
  • Develop customer eligibility criteria and line-assignment strategies based on risk and business objectives.
  • Analyze credit bureau, customer, and portfolio data to identify opportunities for improving credit strategies.
  • Design and evaluate strategy tests, experiments, and champion/challenger approaches.
  • Partner with Risk, Product, Analytics, and other stakeholders to implement new and enhanced credit policies.
  • Monitor the performance of existing credit strategies and recommend improvements based on portfolio trends.
  • Use SQL, SAS, Python, or similar tools to perform portfolio analysis and generate actionable insights.
  • Assess the impact of credit strategies on key metrics such as credit losses, utilization, exposure, revenue, and customer performance.
  • Translate complex analytical findings into clear recommendations for business and executive stakeholders.
  • Prepare presentations, analysis, and recommendations for senior management.
  • Ensure credit strategies align with risk appetite, business objectives, and applicable policies.
  • Support ongoing portfolio monitoring and identify emerging credit risk trends.

Requirements
  • 6 to 9 years of experience in credit card risk strategy, credit line management, or portfolio management.
  • Direct experience designing, developing, or materially enhancing Credit Line Increase (CLI) strategies and policies.
  • Strong understanding of: Credit card economics, Customer behavior, Credit bureau data, Affordability, Credit exposure management, Credit risk.
  • Experience developing and managing eligibility rules, decision waterfalls, and line-assignment strategies.
  • Experience designing, executing, or evaluating strategy tests and experiments.
  • Strong hands-on experience with SQL, SAS, Python, or similar analytical tools for portfolio analysis.
  • Ability to analyze large datasets and translate analytical findings into actionable business recommendations.
  • Strong stakeholder management and executive communication skills.
  • Experience working with cross-functional teams such as Risk, Product, Analytics, Compliance, and Operations.
  • Strong understanding of credit risk policies and the ability to translate analytical insights into implementable credit strategies and policies.

Benefits
Significant career development opportunities exist as the company grows. The position offers a unique opportunity to be part of a small, fast-growing, challenging and entrepreneurial environment, with a high degree of individual responsibility.
Tiger Analytics provides equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, pregnancy, national origin, ancestry, marital status, protected veteran status, disability status, or any other basis as protected by federal, state, or local law.

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