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Risk Associate Jobs in Chicago, IL (NOW HIRING)

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services. The Risk ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services. The Risk ...

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

... or Associate in Risk Management (ARM) desirable • Proficient in Microsoft Word, Excel and PowerPoint • Exceptional interpersonal and analytical abilities including fully developed written and ...

Prime Healthcare

Risk Management Manager

Chicago, IL · On-site

$71 - $102/hr

Qualifications EDUCATION, EXPERIENCE, TRAINING 1. Bachelor of Science in Nursing or healthcare related field preferred. 2. Fellow or Diplomat of American Society of Healthcare Risk Managers Associate ...

Prime Healthcare

Risk Management Manager

Chicago, IL · On-site

$70K - $102K/yr

EDUCATION, EXPERIENCE, TRAINING 1. Bachelor of Science in Nursing or healthcare related field preferred. 2. Fellow or Diplomat of American Society of Healthcare Risk Managers Associate in Risk ...

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How much do risk associate jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for risk associate in Chicago, IL is $19.59, according to ZipRecruiter salary data. Most workers in this role earn between $15.58 and $20.82 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Risk Associate?

To thrive as a Risk Associate, you need strong analytical skills, attention to detail, and a background in finance, economics, or a related field—often supported by a relevant degree. Familiarity with risk assessment tools, financial modeling software, and sometimes certifications such as FRM (Financial Risk Manager) or CFA are highly valued. Excellent communication, problem-solving, and teamwork skills help you effectively identify, assess, and communicate risks across various business units. These skills ensure accurate risk evaluation, regulatory compliance, and proactive risk mitigation for organizational stability.

What are some common challenges faced by Risk Associates when working with cross-functional teams?

Risk Associates often collaborate with departments such as compliance, audit, and operations. One common challenge is aligning risk mitigation strategies with the differing priorities and perspectives of each team. Effective communication and adaptability are key, as Risk Associates must explain complex risk concepts in ways that are relevant to each stakeholder. Building strong relationships and fostering a shared understanding of risk helps ensure that policies are implemented consistently across the organization.

What is the difference between Risk Associate vs Credit Analyst?

AspectRisk AssociateCredit Analyst
Required CredentialsBachelor's degree, certifications like FRM or CRM beneficialBachelor's degree, finance or related certifications preferred
Work EnvironmentFinancial institutions, consulting firms, risk management teamsBanks, lending institutions, credit departments
Employer & Industry UsageUsed across banking, insurance, and investment firmsPrimarily in banking and lending sectors
Common Search & ComparisonOften compared for risk management rolesCompared for credit evaluation roles

The main difference between a Risk Associate and a Credit Analyst lies in their focus areas. Risk Associates primarily assess overall risk exposure and develop risk mitigation strategies, while Credit Analysts evaluate the creditworthiness of individual borrowers. Both roles require similar educational backgrounds and certifications, and they are commonly found in financial institutions. Understanding these distinctions helps job seekers identify the right career path within the finance industry.

Does risk associate pay well?

Risk associates typically earn a competitive salary that varies based on experience, education, and industry. Entry-level positions may start lower, but with experience and certifications like FRM or CFA, salaries can increase significantly, especially in finance, insurance, or consulting sectors.

How do you become a risk associate?

To become a risk associate, candidates typically need a bachelor's degree in finance, economics, or a related field. Gaining relevant experience through internships or entry-level roles and developing skills in data analysis, risk assessment, and familiarity with risk management tools are also important. Certifications like the Financial Risk Manager (FRM) can enhance prospects.

What do risk associates do?

Risk associates analyze and assess potential risks that could impact an organization’s operations, finances, or reputation. They identify vulnerabilities, develop risk mitigation strategies, and often use data analysis tools to monitor and report on risk levels, supporting informed decision-making.

What are the most commonly searched types of Risk jobs in Chicago, IL?

The most popular types of Risk jobs in Chicago, IL are:

What are popular job titles related to Risk Associate jobs in Chicago, IL?

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

What job categories do people searching Risk Associate jobs in Chicago, IL look for?

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

What cities near Chicago, IL are hiring for Risk Associate jobs?

Cities near Chicago, IL with the most Risk Associate job openings:

Risk Associate jobs near you
Infographic showing various Risk Associate job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 26% Part Time, 1% Temporary, and 1% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $40,741 per year, or $19.6 per hour.

Risk Mgmt Policy Analyst

CME Group

Chicago, IL • On-site

$81K - $135K/yr

Full-time

Medical, Retirement, PTO

Posted 28 days ago

Job description

The Risk Management Policy Analyst will be responsible for leading efforts to shape risk management policy, leveraging industry knowledge and experience. Support the Senior Director, Risk Policy, Recovery & Resolution in building out risk management policies related to current and evolving regulatory obligations, with specific focus on CFTC regulations. The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services.
The Risk Management Policy Analyst will be responsible for establishing and maintaining risk management policies consistent with relevant regulations, including relating to the recovery and wind-down plans for CME Group's clearing services. Additionally, to address evolving regulatory frameworks, the Risk Management Policy Associate will:
  • Develop and execute strategic policy positions (e.g., comment letters and talking points) in coordination with other key internal stakeholders. Ensure effective communication and presentation of initiatives to internal and external stakeholders (e.g., clients and regulatory bodies).
  • Support development for major project initiatives within the Clearing House from a policy perspective, including in response to regulatory changes and new business plans.
  • Lead the effort to keep CME Clearing's senior management appraised of various regulatory developments affecting the Clearing House. Work closely with others within and outside of the Clearing House, including Legal.
  • Liaise and build relationships with with trade associations as they develop their policy positions, including in response to recent policy proposals.

The Risk Management Policy Analyst will work across groups to evaluate requirements and assess the impact to CME Group and our clients.
Education & Experience
  • Bachelor's degree in economics, finance, political science, or related field.
  • Possess strong written communication skills and analytical and problem-solving skills, along with being highly detail oriented with respect to drafting policies and analyzing complex regulatory requirements relative to CME Group's rules.
  • Knowledge of CFTC regulatory requirements and more broadly, knowledge of financial markets and derivatives products.
  • Ability to work in a highly collaborative team environment.

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $81,100-$135,100. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.
CME Group: Where Futures are Made
CME Group is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.
At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.
Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.
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About CME Group

Sourced by ZipRecruiter

As the world’s leading derivatives marketplace, CME Group is where the world comes to manage risk. We enable clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. We meet uncertainty and volatility with confidence and clarity, across the trading lifecycle and around the world.

Industry

Finance and insurance

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

2007

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