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Senior Operational Risk Analyst Jobs in Barrington, IL

3M HEALTHCARE

Senior Financial Risk Analyst

Chicago, IL · On-site

$111K - $130K/yr

... risk models, forecasting key balance sheet items and providing deep dive analysis into financial ... You are the perfect mix of analytical, technical, operational, and creative. You are a clear ...

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

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Senior Operational Risk Analyst information

See Barrington, IL salary details

$53.2K

$109.3K

$141.7K

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

As of Sep 12, 2026, the average yearly pay for senior operational risk analyst in Barrington, IL is $109,261.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,000.00 and $136,300.00 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 cities near Barrington, IL are hiring for Senior Operational Risk Analyst jobs?

Cities near Barrington, IL 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 Barrington, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $109,261 per year, or $52.5 per hour.

Sr Credit Risk Analyst - Credit Card Strategy

Chicago, IL • On-site, Remote

Tiger Analytics Inc.
Business Management Consulting • 201 - 500 employees
Learn more about Tiger Analytics Inc.external

Full-time

Re-posted 8 days ago

Job description

Tiger Analytics is an advanced analytics consulting firm. We are the trusted analytics partner for several Fortune 100 companies, enabling them to generate business value from data. Our consultants bring deep expertise in Data Science, Machine Learning and AI. Our business value and leadership has been recognized by various market research firms, including Forrester and Gartner.
We are looking for experienced Credit Risk Analyst to join its credit risk strategy team. This role will focus on credit card portfolio management, credit line strategies, and developing data-driven risk policies to optimize portfolio performance while effectively managing credit exposure. The ideal candidate will have strong hands-on experience with Credit Line Increase (CLI) strategies, credit card risk management, portfolio analytics, and credit policy development.
Responsibilities:
  • Develop, enhance, and manage credit card credit line and CLI strategies.
  • Analyze portfolio performance, customer behavior, credit risk, utilization, exposure, and profitability.
  • Develop customer eligibility criteria and line-assignment strategies based on risk and business objectives.
  • Analyze credit bureau, customer, and portfolio data to identify opportunities for improving credit strategies.
  • Design and evaluate strategy tests, experiments, and champion/challenger approaches.
  • Partner with Risk, Product, Analytics, and other stakeholders to implement new and enhanced credit policies.
  • Monitor the performance of existing credit strategies and recommend improvements based on portfolio trends.
  • Use SQL, SAS, Python, or similar tools to perform portfolio analysis and generate actionable insights.
  • Assess the impact of credit strategies on key metrics such as credit losses, utilization, exposure, revenue, and customer performance.
  • Translate complex analytical findings into clear recommendations for business and executive stakeholders.
  • Prepare presentations, analysis, and recommendations for senior management.
  • Ensure credit strategies align with risk appetite, business objectives, and applicable policies.
  • Support ongoing portfolio monitoring and identify emerging credit risk trends.

Requirements
  • 6 to 9 years of experience in credit card risk strategy, credit line management, or portfolio management.
  • Direct experience designing, developing, or materially enhancing Credit Line Increase (CLI) strategies and policies.
  • Strong understanding of: Credit card economics, Customer behavior, Credit bureau data, Affordability, Credit exposure management, Credit risk.
  • Experience developing and managing eligibility rules, decision waterfalls, and line-assignment strategies.
  • Experience designing, executing, or evaluating strategy tests and experiments.
  • Strong hands-on experience with SQL, SAS, Python, or similar analytical tools for portfolio analysis.
  • Ability to analyze large datasets and translate analytical findings into actionable business recommendations.
  • Strong stakeholder management and executive communication skills.
  • Experience working with cross-functional teams such as Risk, Product, Analytics, Compliance, and Operations.
  • Strong understanding of credit risk policies and the ability to translate analytical insights into implementable credit strategies and policies.

Benefits
Significant career development opportunities exist as the company grows. The position offers a unique opportunity to be part of a small, fast-growing, challenging and entrepreneurial environment, with a high degree of individual responsibility.
Tiger Analytics provides equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, pregnancy, national origin, ancestry, marital status, protected veteran status, disability status, or any other basis as protected by federal, state, or local law.

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