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Risk Analyst Jobs in Springfield, IL (NOW HIRING)

... cause analyses. * Manage, deliver, and track compliance training programs as required by both ... Bachelor's degree with major course work in EHS, risk management safety/industrial/quality ...

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Insurance Underwriter

Springfield, IL · On-site

$100K - $300K/yr

The Job: • Underwrite individual risk selection for Non-Profit Organizations such as: Charities ... Metrologist Maintenance Calibration Technician Metrology Analytical Laboratory Instrumentation ...

Patient Safety Coordinator

Springfield, IL · On-site

$34.34 - $53.23/hr

Key Responsibilities Patient Safety & Risk Reduction * Monitor, investigate, and analyze patient safety events, near misses, and incident reports. * Conduct root-cause analyses (RCA), failure mode ...

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Risk Analyst information

See Springfield, IL salary details

$15

$40

$65

How much do risk analyst jobs pay per hour?

As of Jul 17, 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 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.

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.

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.

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 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 are popular job titles related to Risk Analyst jobs in Springfield, IL? For Risk Analyst jobs in Springfield, IL, the most frequently searched job titles are:
What cities near Springfield, IL are hiring for Risk Analyst jobs? Cities near Springfield, IL with the most Risk Analyst job openings:
Infographic showing various Risk Analyst job openings in Springfield, IL as of July 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.
Performance Improvement Consultant II

Performance Improvement Consultant II

Memorial Health

Springfield, IL • On-site

$34.34 - $53.23/hr

Full-time

Re-posted 17 days ago


Memorial Health rating

6.9

Company rating: 6.9 out of 10

Based on 174 frontline employees who took The Breakroom Quiz

449th of 886 rated healthcare providers


Job description

MinUSD $34.34/Hr.MaxUSD $53.23/Hr.Overview

Responsible for leading quality and performance improvement initiatives that drive patient safety, reduce waste, improve process reliability, and optimize operational efficiency. Collaborates with multidisciplinary teams across Memorial Health to apply Lean Six Sigma methodologies, facilitate change, and sustain measurable improvements in clinical and operational outcomes.

The Performance Improvement Consultant II leads system-level or cross-departmental projects and serve as a mentor for entry level consultants, who focus on unit-level projects under supervision. This role works with a high degree of autonomy while receiving strategic oversight and coaching from Master Black Belts and Quality Leadership.  This role works independently with minimal supervision. Handles moderately complex issues. Has departmental influence and cross-functional outcomes and may lead small project teams. This role is central to building a culture of continuous improvement by serving as a project leader, educator, and mentor, ensuring that initiatives align with Memorial Health's mission and deliver measurable impact on patient care and operational excellence.

To review Memorial's Benefits click here: Benefits - Memorial HR

Qualifications

Education: Bachelor's degree in Business, Management Engineering, Industrial Engineering, Organizational Behavior, Healthcare Management or related field required. In lieu of Bachelor's degree, 5 years related experience will be considered. Master's degree in Healthcare Administration, Public Health, Business Analytics, or related discipline is preferred.Licensure/Certification/Registry: American Society of Quality (ASQ) Lean Six Sigma Green Belt certification required. Must maintain certification through ASQ recertification process; Black Belt preferred.Experience: Minimum 2 years of on-the-job experience in one or more areas: Six Sigma and Lean Methodologies, Analytical Tools, and/or Team Facilitation Demonstrated success leading system-level or cross-departmental projects to improve outcomes, patient safety, or operational performance. Clinical experience highly desired. Familiarity with healthcare regulatory standards (Joint Commission, IDPH) or Baldrige Health Care criteria desired.Other Knowledge/Skills/Abilities: Advanced ability to perform data analysis, identify trends, and translate findings into actionable strategies. Strong facilitation and change management skills to lead diverse teams. Ability to independently balance multiple high-priority projects in a fast-paced environment Proven mentoring and coaching skills to guide Yellow Belts, Green Belts, and project team members. Proficient in statistical and quality improvement software (QI Macros, Minitab, Simul8, etc.) and Microsoft Office Suite Familiarity with clinical workflows, EHRs, and healthcare data sources. Excellent written and verbal communication skills, with ability to communicate effectively with all levels of the organization. Strong, analytical, planning, problem-solving and organizational skills.

Responsibilities

Strategic Quality and Performance Improvement

  • Lead large scale, cross-functional projects that reduce variation, improve outcomes, and optimize efficiency.
  • Serve as a subject matter expert in Lean Six Sigma, translating organizational strategy into measurable project execution.
  • Partner with Master Black Belts and Quality Leadership to align projects with system priorities and performance goals.
  • Data Analysis and Risk Assessment

  • Lead advanced analyses to support improvement projects and system-level decision making.
  • 5. Direct project teams in the use of analytic and risk assessment tools.
  • Ensure robust use of statistical methods to validate project outcomes and sustainability.
  • Develop and analyze mathematical and discrete event simulation models to evaluate potential business improvements before implementation.
  • Conduct FMEAs, Risk Assessments, and Prioritization Matrices.
  • Metrics and Reporting

  • Establish, monitor, and report project metrics and KPIs across departments and value streams.
  • Communicate findings to executive and operational leadership to drive accountability and action.
  • Evaluate and recommend new tools and processes to improve current work methods, increase safety, and enhance operational efficiencies.
  • Stakeholder Engagement and Collaboration

  • Facilitate collaboration across multiple disciplines and hospitals within the system.
  • Partner with healthcare teams to prioritize improvement opportunities and mitigate risks.
  • Collaborate with Quality leadership to scope quality improvement opportunities aligned with system goals.
  • Support adoption and sustainability of improvements through structured change management.
  • Training, Mentorship, and Education

  • Mentor Yellow Belts and project team members in Lean Six Sigma tools and techniques.
  • Develop and deliver Lean Six Sigma and quality improvement education throughout the organization.
  • Collaborate with Master Black Belts and Quality Leadership to evolve training programs and coach new team members.
  • Professional Development and Community Engagement

  • Maintain professional growth through ASQ recertification, continuing education, seminars, workshops, and professional affiliations.
  • Participate in community outreach and networking programs, such as local civic organizations and clubs that align with Memorial Health's mission.
  • Performs other related work and required or requested.
  • Other Duties

  • Performs other related work as required or requested.
  •  

    The intent of this job description is to provide a representative summary of the major duties and responsibilities performed by incumbents of this job.  Incumbents may be requested to perform tasks other than those specifically presented in this description.

    Employment Type: FULL_TIME

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