ZipRecruiter

Log In

1

Risk Analyst Jobs in Springfield, IL (NOW HIRING)

Bank Of Springfield

Credit Analyst

Springfield, IL · On-site

$45K - $55K/yr

You will analyze financial data, review loan documentation, and evaluate the overall credit risk. By conducting thorough credit analysis, you will help the organization make informed decisions ...

Crowe LLP

Financial Crime Review Analyst

Springfield, IL · On-site

$18.75 - $35.75/hr

Conducting periodic holistic reviews of higher risk individuals or entities. * Reviewing and ... Strong writing, analytical, and communication skills and the ability to multi-task and complete ...

Sparc

Level 2 Behavior Analyst

Springfield, IL · On-site

$70K - $72K/yr

Review clinical history, diagnoses, risk factors, environmental variables, and treatment history ... Analyze ongoing data and make data-driven plan adjustments. * Provide monthly written progress ...

Davies Risk Services

Premium Auditor

Springfield, IL · On-site

$49K - $60K/yr

​ ​ Join Davies Risk Services as a Premium Auditor -- No Experience Required! Are you a self ... Strong analytical and deductive reasoning abilities * Proficiency in Microsoft Excel, Word, and ...

ICBD

High-Acuity Behavior Analyst / BCBA

Springfield, IL · On-site

$2.0K/mo

... risk, and driving the analytics that power our growth. If you're a strategic thinker who thrives in a fast-paced, purpose-driven environment, we offer a unique opportunity to help shape the future of ...

next page

Showing results 1-20

All JobsRisk Analyst JobsRisk Analyst Jobs in Springfield, IL

Risk Analyst information

See Springfield, IL salary details

$15

$40

$65

How much do risk analyst jobs pay per hour?

As of Aug 27, 2026, the average hourly pay for risk analyst in Springfield, IL is $40.13, according to ZipRecruiter salary data. Most workers in this role earn between $29.52 and $48.85 per hour, depending on experience, location, and employer.

What is a risk analyst?

Risk analysts evaluate an organization’s investment portfolio and other business ventures to identify potential losses and find ways to reduce or eliminate those issues. They predict which investments may be a financial risk to the company and suggest alternative funds to purchase instead. Strategies for limiting risk include diversification, currency exchange, and other consistent growth stocks. This career is a high-pressure job since it often involves the handling of large amounts of money and investments, and analysts need to have a strong understanding of the financial market and what risk factors may affect clients.

What does a risk analyst do?

A Risk Analyst is responsible for identifying, assessing, and mitigating potential risks that could negatively impact an organization’s financial standing or operations. They analyze data, evaluate potential threats, and recommend strategies to minimize or manage risks. Risk Analysts often work in industries such as finance, insurance, and consulting, and use various tools and models to support decision-making processes. Their work helps organizations make informed choices and maintain compliance with regulatory requirements.

What are the key skills and qualifications needed to thrive as a risk analyst, and why are they important?

To thrive as a Risk Analyst, you need strong analytical abilities, quantitative skills, and a background in finance, economics, or a related field—often supported by a bachelor's degree. Familiarity with risk modeling tools (such as SAS, R, or Excel), data analysis software, and sometimes certifications like FRM or CFA is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies enable accurate risk assessment and informed decision-making, which are essential for minimizing potential losses and supporting organizational stability.

How does a risk analyst typically collaborate with other departments to manage organizational risk?

Risk Analysts frequently work cross-functionally, partnering with departments like finance, compliance, operations, and IT to identify and assess potential risks. They gather insights from various teams to develop comprehensive risk profiles and recommend mitigation strategies tailored to each area. Effective communication and collaboration are essential, as Risk Analysts must align their analyses with organizational objectives and ensure all stakeholders understand the impact and likelihood of risks. This collaborative environment also offers valuable opportunities to expand professional networks and gain broad organizational knowledge.

What is the difference between Risk Analyst vs Credit Analyst?

AspectRisk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CFABachelor's degree in finance, economics, or related field; certifications like CFA or credit-specific courses
Work EnvironmentFinancial institutions, consulting firms, insurance companiesBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across various industries to assess overall riskPrimarily in banking and lending sectors to evaluate creditworthiness

While both Risk Analysts and Credit Analysts assess financial data, Risk Analysts focus on identifying and mitigating overall risks across an organization, whereas Credit Analysts specifically evaluate the creditworthiness of individuals or companies for lending decisions.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, education, and location. Entry-level positions may start lower, while experienced analysts with certifications like FRM or CFA can earn higher salaries, especially in financial or corporate sectors.

Is risk analyst a hard job?

Risk analysts evaluate potential risks to organizations by analyzing data, financial models, and industry trends, which requires strong analytical skills and attention to detail. The job can be demanding due to tight deadlines, complex problem-solving, and the need for continuous learning of industry regulations and tools like Excel or risk management software.

What qualifications do I need to be a risk analyst?

A risk analyst typically needs a bachelor's degree in finance, economics, statistics, or a related field. Strong analytical skills, proficiency with data analysis tools like Excel or specialized software, and knowledge of risk management principles are also important; professional certifications such as FRM or CRM can enhance job prospects.
More about Risk Analyst jobs

What cities near Springfield, IL are hiring for Risk Analyst jobs?

Cities near Springfield, IL with the most Risk Analyst job openings:

Risk Analyst jobs near you
Infographic showing various Risk Analyst job openings in Springfield, IL as of August 2026, with employment types broken down into 86% Full Time, 7% Part Time, and 7% Contract. Highlights an 72% In-person, 4% Hybrid, and 24% Remote job distribution, with an average salary of $83,461 per year, or $40.1 per hour.

Senior Cybersecurity Risk & Compliance Analyst 23-E-48

Illinois Attorney General (IL)

Springfield, IL

$90K - $120K/yr

Full-time

Re-posted 12 days ago

Job description

Summary of Duties and Responsibilities Under the direction of the Chief Information Security Officer (CISO), the Senior Cybersecurity Risk and Compliance Analyst will be responsible for ensuring the organization's adherence to cybersecurity standards, assessing risks, and implementing appropriate controls. The Senior Cybersecurity Risk and Compliance Analyst will be responsible for leading and managing cybersecurity compliance initiatives, developing and maintaining cybersecurity policies and procedures, conducting audits and assessments, coordinating compliance across the organization, performing comprehensive risk assessments, collaborating with stakeholders to develop a risk management framework, managing third-party risk, preparing and delivering compliance reports, maintaining accurate documentation, supporting security awareness initiatives, conducting training sessions, and providing guidance on secure data handling and compliance-related matters. Qualifications This position requires a bachelor's degree in Computer Science, Information Systems, Cybersecurity or a related field and a minimum of 5 years work experience in cybersecurity compliance, risk assessment, and third-party risk management.

Relevant certifications such as CISA, CISSP, CISM, or CRISC are highly desirable. Strong knowledge and experience with SOC2 reviews, NIST CSF, NIST 800-53, and other relevant frameworks are preferred. Familiarity with industry-specific compliance standards such as HIPAA, CJIS and IRS 1075 is a plus.

Experience in conducting 3rd-party risk reviews, IT controls assessments, cybersecurity policy compliance reviews, vulnerability assessments and end-user training are expected. Significant knowledge of security technologies, best practices, and emerging trends, as well as strong analytical and problem-solving skills, are essential. Ability to effectively coordinate, prioritize, and collaborate along with outstanding communication skills to present complex information in a clear and concise manner is required.

Attendance and the ability to maintain satisfactory working relationships with OAG employees and the general public is also required.

Apply