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Operations Risk Analyst Jobs in Chicago, IL (NOW HIRING)

Reporting to the Operational Risk Manager within the Risk Assurance organization, this team ... Analyze risk, control, and testing results and present findings to business stakeholders and risk ...

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 ...

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 ...

Technology Risk & Governance Analyst Want to help develop how a global organization handles its ... Track approvals, action items, remediation efforts, and operational requirements through completion.

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

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

New

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 ...

Showing results 21-40

Operations Risk Analyst information

See Chicago, IL salary details

$40.2K

$88.5K

$159.8K

How much do operations risk analyst jobs pay per year?

As of Sep 12, 2026, the average yearly pay for operations risk analyst in Chicago, IL is $88,497.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,500.00 and $107,700.00 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 job categories do people searching Operations Risk Analyst jobs in Chicago, IL look for?

The top searched job categories for Operations Risk Analyst jobs in Chicago, IL are:

Infographic showing various Operations Risk Analyst job openings in Chicago, IL as of September 2026, with employment types broken down into 1% As Needed, 80% Full Time, 16% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $88,497 per year, or $42.5 per hour.

Senior Risk Management Analyst

Chicago, IL • On-site

TransUnion
IT Services • 5 - 10K employees

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 5 days ago


TransUnion rating

9.3

Company rating: 9.3 out of 10

Based on 8 frontline employees who took The Breakroom Quiz


Job description

TransUnion's Job Applicant Privacy Notice
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Team Overview
The Operational Risk and Control Assurance (ORCA) team is responsible for strengthening TransUnion's risk management framework by ensuring key business processes have effective controls in place to identify, assess, monitor, and mitigate operational risks. Reporting to the Operational Risk Manager within the Risk Assurance organization, this team partners across the business to support risk assessments, control testing, incident reviews, and continuous improvement of the enterprise risk management program. This role reports to Director of Risk Management.This is a hybrid position and involves regular performance of job responsibilities virtually as well as in-person at an assigned TU office location for a minimum of two days a week.
Role Overview and Core Responsibilities
  • Execute activities within the Operational Risk and Control Assurance (ORCA) Program, supporting TransUnion's Enterprise Risk Management Framework.
  • Develop and maintain control testing methodologies, testing scripts, and testing protocols for key operational controls.
  • Perform control testing activities, including review of supporting evidence to assess control design and operating effectiveness.
  • Identify control gaps, weaknesses, or improvement opportunities and partner with stakeholders to strengthen risk mitigation efforts.
  • 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 business stakeholders and risk leadership.
  • Assess compliance with risk management policies, standards, and control requirements across business processes.
  • Document testing results, observations, recommendations, and remediation activities.
  • Collaborate with cross-functional teams to drive a strong risk and control culture throughout the organization.

Required Knowledge and Experiences
  • Bachelor's degree or equivalent professional experience in Risk Management, Business, Finance, Accounting, Compliance, or a related discipline.
  • 3-5 years of experience in enterprise risk management, operational risk, control testing, compliance, internal audit, or control assurance activities.
  • Strong understanding of enterprise risk management frameworks, operational risk concepts, and internal control principles.
  • Experience conducting or supporting risk assessments, control testing, risk monitoring, or audit activities.
  • Experience working within a regulated industry such as financial services, banking, insurance, fintech, or other compliance-driven environments.
  • Strong analytical and problem-solving skills with the ability to evaluate control effectiveness and recommend practical improvements.
  • Ability to communicate risk and control findings clearly to both technical and non-technical stakeholders.

Required Technical Skills
  • Microsoft Excel for data analysis, control testing documentation, and reporting.
  • Microsoft PowerPoint for preparing risk presentations and executive reporting materials.
  • Microsoft Word for documenting testing results, control assessments, and risk procedures.
  • Microsoft SharePoint for document management, collaboration, and control evidence storage.
  • Ability to analyze, organize, and present risk-related data effectively.

We're also looking for the preferred skills below. Whether you are proficient or could use some brushing up, we're happy to support your career development and growth in:
  • Governance, Risk, and Compliance (GRC) certifications such as CCEP, ARM, GRCP, or similar credentials.
  • Experience supporting enterprise-wide risk and compliance programs.
  • Exposure to control monitoring, issue remediation, and risk reporting processes.
  • Knowledge of operational risk management best practices within financial services organizations.
  • Experience partnering with business stakeholders to improve controls, governance, and risk management maturity.

Benefits that support every part of your life:
At TransUnion, we design benefits to help you feel well, do well, and plan well-from day one.
For Your Health: Enjoy day-one eligibility for medical, dental, and vision coverage, plus supplemental plan options. Spousal, domestic partner, and other eligible dependent coverage is available on select plans. Choose tax-advantaged HSA and FSA accounts to make everyday care more affordable.
For Your Protection: We've got your back with company-paid basic life and AD&D, optional voluntary life and AD&D for you and your family, and short- and long-term disability. You can also opt into a legal plan, pet insurance, and travel accident coverage.
For Your Family: From adoption assistance and fertility planning coverage to caregiver support, we're here for every chapter. Access Dependent Care FSA for possibility of an employer match, a complimentary Care@Work membership, and up to 12 weeks of paid parental leave with eligibility for a thoughtful, gradual return.
For Your Future: Build toward what's next with our 401(k) with employer match and Employee Stock Purchase Plan (ESPP). Tap financial wellness resources, career coaching, and optional long-term care insurance to plan confidently.
For You: Grow and recharge with tuition reimbursement, flexible time off for exempt employees or paid time off for nonexempt employees, up to 12 paid holidays per year, commuter benefits, employee discounts, charitable gift matching, and paid volunteer time off, plus corporate volunteer events that make it easy to give back.
For Your Wellness: Access 24/7 support including professional therapy, coaching, and emotional well-being programs alongside guided meditation and resources that support physical, mental, social, and financial wellness.
We are committed to being a place where diversity is not only present, it is embraced. As an equal opportunity employer, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, veteran status, genetic information, marital status, citizenship status, sexual orientation, gender identity or any other characteristic protected by law. Additionally, in accordance with Section 503 of the Rehabilitation Act of 1973 and the Vietnam Era Veterans' Readjustment Assistance Act of 1974, TransUnion takes affirmative action to employ and advance in employment qualified individuals with a disability and protected veterans in all levels of employment and develops annual affirmative action plans. Components of TransUnion's Affirmative Action Program for individuals with disabilities and protected veterans are available for review to any associate or applicant for employment upon request by contacting ERCoE@transunion.com.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law, including the Los Angeles County Fair Chance Ordinance for Employers, the San Francisco Fair Chance Ordinance, Fair Chance Initiative for Hiring Ordinance, and the California Fair Chance Act.
TransUnion complies with all applicable immigration laws and regulations. The Company does not presently provide employer support or sponsorship for an immigration-related employment benefit for this position. Applicants must be authorized to work in the United States on a full-time basis without the need for employer support or sponsorship now or in the future.
Adherence to Company policies, sound judgment and trustworthiness, working safely, communicating respectfully, and safeguarding business operations, confidential and proprietary information, and the Company's reputation are also essential expectations of this position.
Pay Scale Information:
The U.S. base salary range for this position is $67,500.00 - $112,500 annually. *The salary range for this position reflects a reasonable estimate of the range of compensation for this job. At TransUnion, actual compensation is based on careful consideration of additional factors such as (but not limited to) an individual's education, training, work experience, job-related skill set, location, and industry knowledge, as well as the scope and responsibilities of the position and market considerations. Regular, fulltime non-sales positions may be eligible to participate in TransUnion's annual bonus plan. Certain positions may be also eligible for long-term incentives and other payments based on applicable company guidance and plan documents.
TransUnion Overview:
At TransUnion, we encourage and are committed to creating a real, positive impact and shared sense of purpose within our Workforce for Good, which empowers our people to grow, innovate and contribute to a better future for our communities and customers. We strive to build an environment where our associates are in the driver's seat of their professional development- while having access to help along the way. We recognize that success comes when our associates thrive both professionally and personally; that's why we prioritize work/life flexibility and offer resources for our teams across the globe to collaborate and drive excellence.
Be a part of our Workforce for Good - you'll work with great people, pioneering products and cutting-edge technology.
TransUnion's Internal Job Title:
Sr Analyst, Risk Management
Company:
TransUnion LLC

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