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Senior Counterparty Risk Analyst Jobs in Chicago, IL

Senior Trade Finance Advisor

Chicago, IL ยท On-site

$148K - $183K/yr

  • Medical

  • Dental

  • Retirement

As a Senior Trade Finance Advisor, you'll be responsible for structuring, analyzing, and supporting ... Evaluate transaction risks including country risk, counterparty risk, and document risk. * Ensure ...

Head of Risk

Chicago, IL ยท On-site

$150 - $250/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Establish risk reporting to the Board, regulators, and senior leadership. * Develop and chair the ... Manage counterparty credit risk assessment and ongoing monitoring for clearing members. * Develop ...

Head of Risk

Chicago, IL ยท On-site

$225K - $300K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Establish risk reporting to the Board, regulators, and senior leadership. * Develop and chair the ... Manage counterparty credit risk assessment and ongoing monitoring for clearing members. * Develop ...

Senior Insurance Analyst

Chicago, IL ยท On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... Senior Insurance Analyst II to join our Global Insurance & Risk Management team. In this role, you ... Maintain and update risk management documentation (e.g., certificates of insurance, local policies ...

Senior Product Manager

Chicago, IL ยท On-site

$115K - $192K/yr

Our products combine technology and analytics to help a global customer base manage risk and enhance operational performance. About the Role As Senior Product Manager for Counterparty KYC, you will ...

Cybersecurity Analyst

Libertyville, IL ยท On-site

$50 - $55/hr

Job #105893 Cybersecurity Senior Risk Analyst Location: Libertyville, IL Work Arrangement: Onsite Contract Duration: 1 year, W2 Pay: $50-55/hr Position Overview We are seeking an experienced ...

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Showing results 41-60

Senior Counterparty Risk Analyst information

See Chicago, IL salary details

$55.1K

$113.2K

$146.8K

How much do senior counterparty risk analyst jobs pay per year?

As of Aug 15, 2026, the average yearly pay for senior counterparty risk analyst in Chicago, IL is $113,158.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,200.00 and $141,100.00 per year, depending on experience, location, and employer.

What does a senior counterparty risk analyst do?

A Senior Counterparty Risk Analyst is responsible for assessing and managing the risks that arise from trading and business relationships with other financial institutions or counterparties. They analyze the creditworthiness and financial stability of these counterparties to ensure the firm is protected from potential losses due to defaults. Their role involves monitoring exposure limits, conducting stress tests, and collaborating with traders, credit officers, and risk managers to implement effective risk mitigation strategies. They also stay updated on market trends and regulatory requirements to support the firm's overall risk management framework.

What are the key skills and qualifications needed to thrive as a senior counterparty risk analyst?

To thrive as a Senior Counterparty Risk Analyst, you need a strong background in finance, quantitative analysis, and risk management, often supported by a bachelor's or master's degree in finance, economics, or a related field. Proficiency with risk modeling tools, databases like SQL, and systems such as Bloomberg, as well as relevant certifications like FRM or CFA, is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are critical for accurately assessing and mitigating counterparty risks, ensuring organizational stability and compliance in complex financial environments.

What are the main challenges a senior counterparty risk analyst faces when assessing new counterparties?

A Senior Counterparty Risk Analyst often encounters challenges such as limited access to reliable financial information, especially for counterparties in emerging markets or with complex corporate structures. Navigating rapidly changing market conditions and regulatory requirements can also complicate risk assessments. Additionally, balancing thorough due diligence with tight decision-making timelines requires strong analytical skills and effective collaboration with credit, legal, and front-office teams. Staying proactive about industry trends and developing robust risk models are essential for success in this role.

What is the difference between Senior Counterparty Risk Analyst vs Credit Risk Analyst?

AspectSenior Counterparty Risk AnalystCredit Risk Analyst
Required CredentialsBachelor's degree, often CFA or FRM, experience in risk analysisBachelor's or master's degree, CFA or FRM certifications common
Work EnvironmentFinancial institutions, banks, investment firmsBanks, credit agencies, financial services companies
Employer & Industry UsageUsed in risk management teams focusing on counterparty exposureUsed in credit departments assessing borrower risk

The main difference is that a Senior Counterparty Risk Analyst focuses on evaluating the risk of specific counterparties in transactions, while a Credit Risk Analyst assesses the creditworthiness of individual borrowers or clients. Both roles require similar credentials and are found in financial institutions, but they target different aspects of risk management.

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

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

Senior IT Risk and Compliance Analyst

NORC at the University of Chicago

Chicago, IL โ€ข On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 20 days ago


Job description

Senior IT Risk and Compliance Analyst
Job no: 503865 Work type: Regular Full-Time Location: Chicago - 300 E Randolph St Capability Area: IT DSS Security and Compliance
JOB SUMMARY:
NORC at the University of Chicago seeks Senior IT Risk and Compliance Analyst to join our DSS Security and Compliance group. The successful candidate will be part of an IT Risk and Compliance team, expert in government security standards and regulations.
The successful candidate will be part of an IT Risk and Compliance team, expert in government security standards and regulations. The team is responsible for specifying, documenting, validating, and maintaining IT security & privacy controls to ensure compliance with security requirements of clients (principally Government) and corporate standards for data and systems integrity. The team develops and implements tools and processes to measure and track IT risk and compliance metrics. The team provides guidance to IT functional teams on risk and compliance as it pertains to system development, documentation, testing, monitoring, and reporting. The team conducts risk assessments and security impact analyses of information systems.
Location: This is a hybrid role based in our Chicago Loop or Washington, DC office, with a minimum of six days per month in the office.
Qualified applicants must be U.S. citizens due to security clearance requirements for projects.
DEPARTMENT: Digital Services & Solutions Security & Compliance
NORC's Digital Services & Solutions group provides technology services to our staff and clients. Given the critical role technology plays in our day-to-day lives, we are committed to providing professional, high-quality solutions in order to further our collective goal of advancing social science research.
RESPONSIBILITIES:
  • Work with the team in specifying, documenting, validating, and maintaining IT security & privacy controls to ensure compliance with security. requirements of clients (principally Government) and corporate standards for data and systems integrity.

  • Help develop and implement tools and processes to measure and track IT risk and compliance metrics.

  • Provide guidance to IT functional teams on risk and compliance as it pertains to system development, documentation, testing, monitoring, and reporting.

  • Assist the team with conducting risk assessments and security impact analyses of information systems.

REQUIRED SKILLS:
Education and Certifications:
  • Bachelor's degree in computer science, Information Technology, or a related field (or equivalent years of experience).

  • Professional certifications such as Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), or similar certifications.

General Experience:
  • Minimum of 4 years of experience in information security roles, emphasizing security architecture and engineering solutions.

  • Proven experience in performing network penetration testing, vulnerability scans, and configuration analysis.

  • Experience overseeing project penetration testing activities.

  • Preferred experience as an ISO for federal programs and projects.

  • Experience coordinating communications across vendors, internal stakeholders, and program owners.

  • Experience using CSAM

ATO Experience:
  • In-depth knowledge and experience guiding information systems through the Authorization to Operate (ATO) process:

  • Proficient in navigating the complex landscape of ATO processes, demonstrating a successful track record in obtaining authorizations for information systems

  • Extensive knowledge of the steps involved in the ATO process, ensuring compliance with government regulations and standards, including NIST Special Publications and FISMA

  • A proven ability to streamline and expedite ATO timelines without compromising security standards, showcasing efficiency in documentation and regulatory adherence

  • Expertise in developing and presenting comprehensive ATO documentation, including System Security Plans, to accrediting authorities and other relevant stakeholders

  • Demonstrated skill in addressing and mitigating security risks identified during the ATO process, ensuring the secure operation of systems in various environments

  • Exceptional communication skills to articulate ATO requirements, progress, and challenges to both technical and non-technical stakeholders, fostering collaboration and understanding.

Risk Management Experience:
  • Demonstrated experience in developing threat models and security risk assessments.

  • Ability to recommend mitigations and countermeasures to address identified risks, vulnerabilities, and threats.

  • Experience conducting incident response across vendors, internal stakeholders, and program owners, including implementing, and coordinating the response plan, overseeing the technical response, and coordinating with legal, technical, and communications teams.

Compliance and Documentation:
  • Thorough understanding and experience with government regulations and standards related to information security.

  • In-depth knowledge of security compliance checks and the ability to perform audit activities.

  • Experience in reviewing and validating security documentation, including system security requirements definition and System Security Plans.

  • Experience conducting penetration testing across multiple vendors, contractors, and consultants that meet stringent client requirements.

Communication and Guidance:
  • Strong communication skills with the ability to guide NORC customers on information security policies and regulations.

  • Ability to effectively communicate complex security concepts to both technical and non-technical stakeholders.

SALARY AND BENEFITS:
The pay range for this position is $97,000 - $120,000.
This position is classified as regular. Regular staff are eligible for NORC's comprehensive benefits program. Benefits include, but are not limited to:
  • Generously subsidized health insurance, effective on the first day of employment
  • Dental and vision insurance
  • A defined contribution retirement program, along with a separate voluntary 403(b) retirement program
  • Group life insurance, long-term and short-term disability insurance
  • Benefits that promote work/life balance, including generous paid time off, holidays; paid parental leave, bereavement leave, tuition assistance, and an Employee Assistance Program (EAP).

NORC is committed to equity and transparency in its pay practices. We publish salary ranges and benefit information for every job. The listed hiring range reflects what we, in good faith, expect to pay at the time of posting, though actual compensation may vary and may be adjusted over time. A candidate's placement within the range depends on factors such as competencies, education, qualifications, experience, skills, performance, and organizational needs.
WHAT WE DO:
NORC at the University of Chicago is an objective, non-partisan research institution that delivers reliable data and rigorous analysis to guide critical programmatic, business, and policy decisions. Since 1941, our teams have conducted groundbreaking studies, created and applied innovative methods and tools, and advanced principles of scientific integrity and collaboration. Today, government, corporate, and nonprofit clients around the world partner with us to transform increasingly complex information into useful knowledge.
WHO WE ARE:
For over 80 years, NORC has evolved in many ways, moving the needle with research methods, technical applications and groundbreaking research findings. But our tradition of excellence, passion for innovation, and commitment to collegiality have remained constant components of who we are as a brand, and who each of us is as a member of the NORC team. With world-class benefits, a business casual environment, and an emphasis on continuous learning, NORC is a place where people join for the stellar research and analysis work for which we're known, and stay for the relationships they form with their colleagues who take pride in the impact their work is making on a global scale.
EEO STATEMENT:
NORC is an equal opportunity employer. NORC evaluates qualified applicants without regard to race, color, religion, sex, gender, national origin, disability, status as a protected veteran, sexual orientation, and other legally protected characteristics. #LI-MS1
Advertised: June 26, 2026 Central Daylight Time Applications close:
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