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Senior Operational Risk Analyst Jobs in Chicago, IL

PremiStar

Risk Manager

Deerfield, IL · On-site

Analyze TRIR trends, at-fault auto incidents, and operational loss drivers across the enterprise ... Provide insurance education and financial risk insight to General Managers and senior leadership

Wintrust

Senior IT Risk Analyst

Rosemont, IL · Hybrid

$98K - $110K/yr

You'll play a direct role in protecting the company from major financial and operational loss ... Position Overview The Senior IT Risk Analyst (Audit concentration) role supports IT Risk Leadership ...

Wintrust

Senior IT Risk Analyst

Rosemont, IL · On-site

$98K - $110K/yr

You'll play a direct role in protecting the company from major financial and operational loss ... Position Overview The Senior IT Risk Analyst (Audit concentration) role supports IT Risk Leadership ...

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

Analyze origination risk factors and recommend/implement improvements in areas such as underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within ...

Alliant Credit Union

Senior Credit Risk Analyst

Chicago, IL · Hybrid

$84K - $131K/yr

Analyze origination risk factors and recommend/implement improvements in areas such as underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within ...

Adyen

Credit Risk Analyst

Chicago, IL · On-site

$100K - $130K/yr

... operation of credit risk frameworks for new and evolving financial products (e.g. Adyen Capital ... Analyze the impact of business model, industry and macro-economic developments on the credit ...

Orion

Senior Privacy & AI Risk Analyst

Mundelein, IL · Hybrid

As a Senior Privacy & AI Risk Analyst, you will be expected to spearhead privacy initiatives and ... Has knowledge of the investment advisor industry, operations, and regulatory landscape * Has ...

Adyen

Credit Risk Analyst

Chicago, IL · Hybrid

$100K - $130K/yr

... operation of credit risk frameworks for new and evolving financial products (e.g. Adyen Capital ... Analyze the impact of business model, industry and macro-economic developments on the credit ...

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All JobsOperational Risk Analyst JobsSenior Operational Risk Analyst JobsSenior Operational Risk Analyst Jobs in Chicago, IL

Senior Operational Risk Analyst information

See Chicago, IL salary details

$55.2K

$113.2K

$146.9K

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 Chicago, IL is $113,247.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,300.00 and $141,200.00 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 Chicago, IL?

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

What job categories do people searching Senior Operational Risk Analyst jobs in Chicago, IL look for?

The top searched job categories for Senior Operational Risk Analyst jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Senior Operational Risk Analyst jobs?

Cities near Chicago, 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 Chicago, 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 $113,247 per year, or $54.4 per hour.

Vice President, Operational Risk Management

Golub Capital

Chicago, IL • On-site

Full-time

Retirement, PTO

Re-posted 12 days ago

Job description

Position Information
Hiring Manager:
Associate Director
Department:
Operational Risk Management
Department Overview
The Operational Risk Management ("ORM") Department is responsible for the Risk Mitigation Framework. The Risk Mitigation Framework provides the process, tools and approach that are needed to support and enhance the control environment required to minimize operational risks related to Golub Capital's non-investment functions. The Risk Mitigation Framework was created to minimize material losses, provide process and internal control oversight, and anticipate potential material loss events. The Risk Mitigation Framework is comprised of a set of consistent and repeatable elements that allow Golub Capital to identify, assess, mitigate, and report on the operational risk profile of the firm. The Risk Mitigation programs include Risk and Control Self-Assessment ("RCSA"), Issue Management ("IM"), Vendor Risk Management ("VRM"), Business Continuity Management ("BCM"), and Internal Control Testing ("ICT").
Position Responsibilities
The essential functions of this role include participating in the assessment of risks facing Golub Capital and supporting the development of a comprehensive plan to identify, measure, monitor and report risk components. We are seeking an individual to support the continued development of this function and help advance the program. This individual will serve as a subject matter expert for the Vendor Risk Management (VRM) and Business Continuity Management (BCM) programs and will be responsible for expanding the program's capabilities, increasing participation and driving process improvements.
This role requires strong project management skills to develop detailed plans, track progress, manage obstacles and deliver initiatives on time and within budget. This is an internal client-facing role requiring communication with users at all levels of the organization.
Responsibilities include but are not limited to:
  • Overseeing the development and implementation of initiatives and tasks associated with the VRM and BCM programs
  • Guiding the implementation of the VRM framework, providing strategic direction to the First and Second Line of Defense
  • Managing the central vendor repository for the Firm and overseeing the automation of vendor on-boarding and off-boarding processes
  • Ensuring effective vendor risk mitigation plans and providing stakeholders with visibility into current and emerging risks
  • Leading VRM training initiatives to ensure effective application and awareness of the program across the Firm
  • Staying informed of industry developments and regulatory requirements, ensuring compliance and proactive adaptation
  • Liaising with third-party vendors, as required
  • Creating and maintaining VRM and BCM-related reporting for senior management and oversight committees
  • Proactively identifying, tracking and analyzing operational risks within Golub Capital and implementing critical control improvement
  • Representing the ORM Team interests at internal meetings, committees and working groups
  • Building and maintaining relationships with key ORM stakeholders, promoting a robust risk culture
  • Delivering concise risk assessments and program insights to senior management to support informed decision-making
  • Cultivating strong cross-functional relationships to advance program understanding and enterprise-wide adoption

Candidate Requirements
Qualifications & Experience:
  • Bachelor's degree required
  • 10+ years of experience in financial services risk management, management information systems or related role
  • Experience and detailed knowledge of third-party risk management, financial services industry practices, internal controls and regulatory requirements
  • Certifications (Preferred): Operational Risk Management Certificate, Certified Third Party Risk Management Professional (C3PRMP) or Project Management (PMP)
  • Experience and knowledge with operational loss causes, measures and mitigation strategies
  • Experience analyzing Excel reports with ability to leverage formulas preferred
  • Experience with third-party risk management systems (Processuntiy, Aravo)
  • Assertive, self-motivated, team oriented, flexible and able to multi-task
  • Excellent analytical and problem-solving skills
  • Exceptional written and verbal communication skills; capable of communicating effectively across all levels of the organization
  • Attention to detail and strong organizational skills, including the ability to manage several projects at one time
  • Highly resourceful and proven ability to work both independently and as a team member
  • Ability to probe sensitive issues while maintaining high level of integrity and objectivity
  • Demonstrated ability to effectively leverage AI tools in day-to-day work, with strong critical thinking to assess accuracy, limitations and appropriate use of AI generated outputs
  • Enthusiastic about working in office and creating a Gold Standard hybrid work culture

Critical Competencies for Success
Our Gold Standards define key behaviors and competencies across 4 dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors and competencies drive our ability to win together.
  • Leadership: Role models in this area consistently focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
  • Achieving Results: Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow.
  • Personal Effectiveness: Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances.
  • Thinking Critically: Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance.

The department-specific competencies define the knowledge, skills and abilities that are needed to successfully perform the functional or technical work of this role.
  • Change Management: Communicates the benefits and the impact of refinements to internal processes or technology.
  • Innovative Mindset: Leverages an agile and creative mindset to drive innovative value creation, continuous process improvement and proactive learning through new technology, processes and people.
  • Risk Management: Identifies, forecasts and articulates ways to pursue and manage informed risks in ambiguous, complex or uncertain situations based on sound value propositions and an analysis of potential rewards and costs.
  • Technical Communication and Documentation: Documents and communicates technical processes and procedures in area of specialty to stakeholders. Adapts the level of detail and specificity based on the needs of the intended audience.
  • Industry Knowledge: Demonstrates an understanding of risk management and the Firm's position in the industry, including its complex structure and competitive advantage in the marketplace. Monitors industry trends and changes and recognizes their relevancy and implications.
  • Business Needs Assessment: Identifies business needs across departments within the Firm to understand the challenges, goals and problems that the business needs to solve and identifies appropriate technical solutions.
  • Project / Program Management: Manages projects and / or programs through planning, identifying resources, monitoring and communicating project activities and assessing impacts of project decisions.

Compensation and Benefits
For Illinois Only: It is expected that the base salary range for this position will be $115,000 to $180,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an 'at-will position' and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.
Golub Capital is an Equal Opportunity Employer.
Due to the highly regulated nature of Golub Capital's business and because of the sensitivity of the information that all personnel have access to, Golub Capital performs extensive and thorough pre-hire screens to ensure that its personnel act with expected levels of integrity, professionalism and personal responsibility.
Please review Golub Capital's US Job Applicant privacy notice and, for California residents, the California Applicant privacy notice for information on how your personal data is collected, processed and stored.

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