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Senior Operational Risk Analyst Jobs in Illinois

Electrosoft

Cyber Security Risk Analyst

Belleville, IL · On-site

Cyber Security Risk Analyst Work Location: Required onsite work at the client location at Scott Air ... Perform Extract, Transform, and Load (ETL) Operations * Accomplish data ingestion, processing ...

Electrosoft

Cyber Security Risk Analyst

Belleville, IL · On-site

$115K - $125K/yr

... Risk Analyst Work Location: Required onsite work at the client location at Scott Air Force Base ... Perform Extract, Transform, and Load (ETL) Operations * Accomplish data ingestion, processing ...

Citizens

Risk Transformation & Delivery Analyst

Chicago, IL · Hybrid

$94K - $134K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Description Risk Transformation and Delivery Senior Analyst Role Summary The Risk Transformation and Delivery Senior Analyst supports the Risk Management leadership team in driving strategic ...

Citizens

Risk Transformation & Delivery Analyst

Chicago, IL · Hybrid

$94K - $134K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Description Risk Transformation and Delivery Senior Analyst Role Summary The Risk Transformation and Delivery Senior Analyst supports the Risk Management leadership team in driving strategic ...

FINRA

Principal Analyst, Risk Monitoring

Chicago, IL · Hybrid

$112K - $211K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

As a Senior Risk Monitoring Analyst, you'll work at the forefront of financial regulatory oversight - engaging directly with complex, high-profile member firms, shaping regulatory intelligence, and ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

... to senior leadership, and the ability to influence both day-to-day trading decisions and the ... Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios

Bank of Montreal

Senior Manager, ONFR Programs

Chicago, IL · On-site

  • Medical

  • Life

  • Retirement

Audit, Risk & Compliance The Senior Manager, ONFR Programs, is a key member of the Operational Non ... Conducts independent analysis and assessment to resolve strategic issues. * Leads the development ...

BMO Capital Markets

Senior Manager, ONFR Programs

Chicago, IL · On-site

  • Medical

  • Life

  • Retirement

Audit, Risk & Compliance The Senior Manager, ONFR Programs, is a key member of the Operational Non ... Conducts independent analysis and assessment to resolve strategic issues. * Leads the development ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL

$81K - $135K/yr

  • Medical

  • Retirement

  • PTO

Support the Senior Director, Risk Policy, Recovery & Resolution in building out risk management ... The Risk Management Policy Analyst will be responsible for establishing and maintaining risk ...

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Senior Operational Risk Analyst information

See Illinois salary details

$51.8K

$106.4K

$138.1K

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

As of Aug 19, 2026, the average yearly pay for senior operational risk analyst in Illinois is $106,444.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,700.00 and $132,800.00 per year, depending on experience, location, and employer.

What does a senior operational risk analyst do?

A Senior Operational Risk Analyst is responsible for identifying, assessing, and mitigating risks that could affect an organization’s operations. They analyze internal processes, monitor compliance with regulations, and develop strategies to minimize potential losses or disruptions. In this role, they collaborate with various departments to ensure effective risk management and provide recommendations for improving controls. Their expertise helps protect the organization from financial, reputational, and operational harm.

How does a senior operational risk analyst typically collaborate with other departments to identify and mitigate risks?

A Senior Operational Risk Analyst works closely with departments such as compliance, internal audit, IT, and business units to identify, assess, and monitor operational risks. This collaboration often involves regular meetings, risk workshops, and sharing of data or incident reports to ensure all potential risks are captured and managed effectively. The analyst also helps develop and implement risk mitigation strategies, offering guidance and training to staff across teams. Effective communication and relationship-building are essential, as the role often requires balancing diverse perspectives to support the organization's risk management objectives.

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

A Senior Operational Risk Analyst must have strong analytical skills, in-depth knowledge of risk management frameworks, and a relevant degree such as finance, business, or risk management. Proficiency with risk assessment software, data analytics tools (like SAS or Excel), and certifications such as FRM or ORM are commonly required. Outstanding communication, attention to detail, and problem-solving abilities help them collaborate effectively and deliver actionable insights. These skills ensure accurate risk identification, effective mitigation strategies, and compliance with regulatory standards.

What is the difference between Senior Operational Risk Analyst vs Operational Risk Analyst?

AspectSenior Operational Risk AnalystOperational Risk Analyst
Required CredentialsBachelor's degree, professional certifications (e.g., ORM, FRM)Bachelor's degree, some certifications preferred
Work EnvironmentFinancial institutions, large corporations, risk management teamsFinancial firms, banks, insurance companies
Employer & Industry UsageUsed in senior roles within risk departmentsEntry to mid-level roles in risk management
Common Search & ComparisonOften compared for career progressionBase role for operational risk careers

The main difference between a Senior Operational Risk Analyst and an Operational Risk Analyst lies in experience, responsibilities, and seniority. The senior role typically involves more complex risk assessments, leadership, and strategic input, while the operational risk analyst focuses on data collection, analysis, and supporting risk management processes. Both roles are essential in financial and corporate sectors, with the senior position representing a step up in expertise and scope.

What are popular job titles related to Senior Operational Risk Analyst jobs in Illinois?

For Senior Operational Risk Analyst jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Senior Operational Risk Analyst jobs in Illinois look for?

The top searched job categories for Senior Operational Risk Analyst jobs in Illinois are:

What cities in Illinois are hiring for Senior Operational Risk Analyst jobs?

Cities in Illinois with the most Senior Operational Risk Analyst job openings:

Senior Operational Risk Analyst jobs near you
Infographic showing various Senior Operational Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $106,444 per year, or $51.2 per hour.

Cyber Security Risk Analyst

Electrosoft

Belleville, IL • On-site

Full-time

Re-posted 20 days ago

Job description

Cyber Security Risk Analyst
 
Work Location:
Required onsite work at the client location at Scott Air Force Base, Illinois with situational telework only
 
Job description
Electrosoft Inc. is seeking a Cyber Security Risk Analyst (CSRA) who can help support the creation and visualization of metrics to support decisions and reduce threats across the Enterprise. The ideal candidate will provide expertise with the implementation of "Metrics that Matter" to assist the client in meeting the requirements to address Risk Management Framework (RMF) and Vulnerability Management to on-premises and Cloud networks.  Additionally, they will assist in integrating systems and data while securing the environment against evolving Cybersecurity threats and modernizing to achieve mission success. 
 
Duties & Responsibilities:
The CSRA will assist in design of innovative solutions and services to support our team and customer in improving our collection and visualization of metrics to support Vulnerability Management (VM), Risk Management Framework (RMF) and to address various Cyber Security Service Provider Inspection requirements to improve the overall risk assessment, better understand performance, improve situational awareness and facilitate the enhanced cyber security posture.  Ultimately providing for potential interoperability between current systems and ensuring timely decision making based on near real-time data availability through data analytics and product development.   Additionally, the CSRA shall utilize skills in DoD computing, networking/transmission, cybersecurity policy, and data analytics to:
  • Develop meaningful and actionable metrics, to include Key Performance Indicators (KPI) and Key Risk Indicators (KRI), as directed by the Government
  • Integrate metrics with cyber readiness framework
  • Analyze and define data requirements and specifications
  • Develop data model(s), integrations, and analytics to enhance cyber readiness assessment and to enable decision support
  • Conduct queries to analyze data sets
  • Conduct trend analysis to identify systemic security issues by analyzing vulnerability and configuration data
  • Analyze future eMASS changes, to include the altering or addition of new data elements and advise product stakeholders, propose solutions, and initiate preventative or corrective action as determined by the stakeholders.
  • Monitor health of daily ingests, advise stakeholders when ingest operations are degraded, and propose corrective actions during periods of ingest degradation or failure.
  • Perform Extract, Transform, and Load (ETL) Operations
  • Accomplish data ingestion, processing, distribution, and visualization
  • Develop and maintain analytics code repository (Python and SQL) and data visualization programs (Qlik)
  • Deploy analytics workloads using Databricks
Basic Qualifications:
  • At least 5 years of experience in cybersecurity, information technology, Software Development or related field.
  • Know Python, SQL, basic HTML/CSS
  • Familiarity with DoD Vulnerability Management (VM) and Risk Management Framework (RMF)
  • Knowledge of business intelligence visualization tools 
  • Excellent communication, collaboration, and problem-solving skills.
  • Ability to work independently and as part of a team.
  • Data analytics is preferred in Advana or Qlik, however a general familiarity with R or Python analytics (ex; spark, pandas)
  • Minimum of a Bachelor of Science (or higher) in one of the following: computer engineering, computer science, IT, cyber security, or a related field.
  • Relevant years of experience may be used in substitution for situations where the candidate does not have a Bachelor's degree in the required field.
  • Must have 8140 compliant certification (e.g. GCFA, GCIA, CySA+, GICSP, CFR )
  • Minimum of an active Secret Clearance.

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