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

Mars

Operational Risk Manager, Engineering

Chicago, IL · On-site

Strong analytical and problem-solving skills with the ability to interpret risk data and identify ... Mars operations globally What can you expect from Mars? * Work with over 170,000 diverse and ...

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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 are popular job titles related to Operations Risk Analyst jobs in Chicago, IL?

For Operations Risk Analyst jobs in Chicago, IL, the most frequently searched job titles are:

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:

Operations Risk Analyst jobs near you
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.

ERM and Policy Analyst, Risk Assessment

Chicago, IL • On-site

Google
Software Development • 10K+ employees
Learn more about Googleexternal

Full-time

Posted 9 days ago

Google rating

8.8

Company rating: 8.8 out of 10

Based on 103 frontline employees who took The Breakroom Quiz

Job description

Minimum qualifications:
  • Bachelor's degree or equivalent practical experience.
  • 5 years of experience in a project management or a customer-facing role

Preferred qualifications:
  • Master's degree in Business, Statistics, Mathematics, Economics, Engineering or Applied Science, or a related field.
  • 5 years of experience managing projects and working with analytics, software coding, or customer-side web technologies.
  • 5 years of experience in Governance, Risk, and Compliance (GRC), risk assessment, internal audit, or compliance management.
  • Experience managing first line engagement with GRC platforms.
  • Deep understanding of control mapping and risk framework methodologies.

About the job
gTech Risk helps protect Google and its users by identifying and implementing controls for significant risks. To ensure gTech's security and agility, the team analyzes gTech business processes to find control gaps, collaborates with stakeholders to resolve these gaps, and provides risk expertise to engineer innovative solutions.
We are transitioning our risk management model from a manual, policy advisory function to a technical delivery and intelligence driven organization. The Risk Assessment and Compliance pillar acts as the risk and regulatory domain engine of this new model. We do not just audit after the fact; we codify policy, operational risk and compliance obligations into transparent business requirements, ensuring that gTech scales securely.
Google creates products and services that make the world a better place, and gTech's role is to help bring them to life. Our teams of trusted advisors support customers globally. Our solutions are rooted in our technical skill, product expertise, and a thorough understanding of our customers' complex needs. Whether the answer is a bespoke solution to solve a unique problem, or a new tool that can scale across Google, everything we do aims to ensure our customers benefit from the full potential of Google products.
To learn more about gTech, check out our video .
Individual pay is determined by factors including job-related skills, experience, and relevant education or training.
US: $114000 - $163000 (USD) 15% bonus target equity benefits
Learn more about benefits at Google .
Responsibilities
  • Manage Google risk assessment frameworks and establish the minimum control standards required for all gTech product and workflow launches.
  • Lead the consolidation and migration of gTech risk data into the enterprise platform, establishing a resilient source of truth for gTech's risk data.
  • Distill and map complex risk obligations across gTech's processes.
  • Conduct analyses and policy obligation mapping to ensure clear understanding of operational risks and identify risks to continuity for critical processes.
  • Perform systemic control mapping and gap identification, transitioning the organization from anecdotal assessments to standardized, evidence based compliance by design.

Information collected and processed as part of your Google Careers profile, and any job applications you choose to submit is subject to Google's Applicant and Candidate Privacy Policy .
Google is proud to be an equal opportunity and affirmative action employer. We are committed to building a workforce that is representative of the users we serve, creating a culture of belonging, and providing an equal employment opportunity regardless of race, creed, color, religion, gender, sexual orientation, gender identity/expression, national origin, disability, age, genetic information, veteran status, marital status, pregnancy or related condition (including breastfeeding), expecting or parents-to-be, criminal histories consistent with legal requirements, or any other basis protected by law. See also Google's EEO Policy , Know your rights: workplace discrimination is illegal , Belonging at Google , and How we hire .
If you have a need that requires accommodation, please let us know by completing our Accommodations for Applicants form .
Google is a global company and, in order to facilitate efficient collaboration and communication globally, English proficiency is a requirement for all roles unless stated otherwise in the job posting.
To all recruitment agencies: Google does not accept agency resumes. Please do not forward resumes to our jobs alias, Google employees, or any other organization location. Google is not responsible for any fees related to unsolicited resumes.
Equity is granted exclusively and discretionarily by Alphabet Inc. on the basis of an agreement concluded between you and Alphabet Inc. Alphabet Inc. is your sole contractual partner with respect to equity grants. GSU grants are not guaranteed, are discretionary, are subject to approval by the Alphabet Inc. board of directors or its delegate, the terms of the relevant Alphabet Inc. stock plan, and your grant agreement. They have no impact on statutory payments. Current or past grants do not confer an acquired right.

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