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Senior Operational Risk Analyst Jobs in Chicago, IL

... operations in city departments and making recommendations to improve their effectiveness; and performs related duties as required ESSENTIAL DUTIES • Leads internal audits and reviews to monitor and ...

Senior Auditor - Risk Management Capital One's Audit function is a dedicated group of professionals ... analysis in support of internal auditing * Exposure to Enterprise Risk Management or Operational ...

Senior Auditor - Risk Management Capital One's Audit function is a dedicated group of professionals ... analysis in support of internal auditing * Exposure to Enterprise Risk Management or Operational ...

Position Overview The Counterparty Credit Risk Analyst will assist the VP and Department SVP in executing the independent second line of defense function. The fundamental goal of Counterparty Credit ...

Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ... The primary function of this role is to lead after-hours trading operations with a focus on client ...

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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 Jun 23, 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 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 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 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:
Infographic showing various Senior Operational Risk Analyst job openings in Chicago, IL as of June 2026, with employment types broken down into 1% As Needed, 63% Full Time, 25% Part Time, 2% Temporary, 6% Contract, and 3% Nights. Highlights an 86% Physical, 7% Hybrid, and 7% Remote job distribution, with an average salary of $113,247 per year, or $54.4 per hour.
CHIEF PERFORMANCE ANALYST

CHIEF PERFORMANCE ANALYST

City of Chicago

Chicago, IL • On-site

$106K/yr

Full-time

Posted 12 days ago


Job description

JOB ANNOUNCEMENT
Chief Performance Analyst
Chicago Police Department
Audit Division
Number of Positions: 1
(Additional vacancies possible pending budget approval)
Starting Salary: $106,272 Annually
Applications for this position will be accepted until 11:59pm CDT on 06/25/202 6
Under direction, supervises and coordinates the work of professional staff responsible for reviewing programs and operations in city departments and making recommendations to improve their effectiveness; and performs related duties as required
ESSENTIAL DUTIES
• Leads internal audits and reviews to monitor and assess reform compliance, including but not limited to those related to the consent decree and the Chicago Police Department (CPD) strategic plan (e.g., use of force, training, community policing, etc.)
• Conducts and oversees research and analysis of departmental operations in support of assignments including internal audits, reviews of reform efforts, and other strategic efforts to assess compliance levels
• Plans, assigns and monitors the work of professional staff engaged in the conduct of performance audits and the process of developing recommendations on the efficient and economical acquisition, protection and utilization of city resources
• Develops and maintains audit plans that identify all actions, resources, and deliverables required to complete reviews of compliance with consent decree requirements, CPD strategic plan, and other reform initiatives within desired timelines
• Conducts and documents audit work including interviews and both qualitative and quantitative data analyses before drafting findings and potential recommendations for team leadership
• Facilitates interviews to obtain information concerning internal processes and work practices
• Collects and evaluates narrative and statistical data in order to summarize condition of Department's activities relative to policies, procedures, and other criteria
• Drafts performance audit reports documenting the causes of inefficiencies, uneconomical practices, and potential recommendations before submitting for supervisory review
• Reviews performance audit reports for quality and content, ensuring that the causes of inefficiencies and uneconomical practices are detailed and departmental operations are in compliance with city rules and policies
• Communicates details of status and maintenance of reform and strategy implementation to team leadership and prepares project status, recommendations, and ad hoc reports
• Develops work standards and conducts performance evaluations of subordinate personnel
• Trains and facilitates training for staff to ensure performance audits are conducted in compliance with Generally Accepted Government Auditing Standards
• Collaborates with department management in developing annual performance audit plan
NOTE: The list of essential duties is not intended to be inclusive; there may be other duties that are essential to particular positions within the class.
Location: Chicago Police Department
Office of the Superintendent
Public Safety Building
3510 S. Michigan Ave., Chicago, IL 60653
Days: Monday - Friday
Hours: 8:00AM - 4:00PM
THIS POSITION IS EXEMPT FROM CAREER SERVICE
Qualifications
MINIMUM QUALIFICATIONS
• Graduation from an accredited college or university with a Bachelor's degree, plus five (5) years of work experience in program auditing or operations analysis, OR
• Graduation from an accredited college or university with a Master's degree or higher, plus four (4) years of work experience in program auditing or operations analysis
NOTE: Candidates must pass a background investigation, drug screen, and other pre-employment procedures
as determined by the Chicago Police Department
Preference will be given to candidates possessing the following desired skills:
• Previous experience working in a law enforcement or other public sector agency
• Previous experience conducting performance audits and/or reviews
• Previous experience interpreting and analyzing data
• Proficiency with Microsoft Excel
• Proficiency with statistical software (e.g. SQL, STATA, SPSS, etc.)
• Previous experience working in accordance with generally accepted accounting and/or auditing principals
SELECTION REQUIREMENTS
This position requires applicants to complete an interview which will include a writing exercise and/or a skills assessment test as part of the interview. The interviewed candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position, based on the oral and written parts of the interview will be selected.
For Information on our employees benefits please visit our benefits website at:
https://www.chicago.gov/city/en/depts/fin/benefits-office.html
For Information on our salary and title structure visit our classifications website at:
https://www.chicago.gov/content/dam/city/depts/dhr/supp_info/JobClassification/2025_Classification_and_Pay_Plan.pdf
APPLICATION EVALUATION: Initial evaluation will be based on information provided on the application and the documents submitted. The Department of Human Resource staff will review applications after the final posting date. Staff will follow any and all required Employment/Hiring Plan provisions, federal, state and local laws, and Collective Bargaining Agreements when applicable. Staff will apply hiring preferences as required by the municipal code. Placement on an eligibility list is not an offer or guarantee of an interview nor employment with the City of Chicago.
ALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.
The City of Chicago is an Equal Employment Opportunity, Military Friendly, and Fair Chance Employer.
City of Chicago
Brandon Johnson, Mayor
Please note, all positions with the City of Chicago close promptly at 11:59pm C.S.T. Applications for this position will be accepted from June 11, 2026, until 11:59p.m. CST on June 25, 2026. No exceptions will be made.