Senior Operational Risk Analyst Jobs in Niles, IL

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

The Third-Party Risk Management (TPRM) Senior Analyst is responsible for executing third‑party risk management activities across a portfolio of vendors, supporting the Bank’s compliance with regulatory requirements and internal standards. This role manages relationships with third parties and partners with internal stakeholders to anticipate, identify, monitor, document, and mitigate risks associated with third‑party relationships. This role reports to the Third-Party Risk Manager.

Salary Range

The salary range for this position is $60.000 - $121,300 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

Third Party Risk Management

• Perform third‑party due diligence reviews and provide oversight of third‑party risk assessments in accordance with TPRM policies, program and procedures.
• Support business segments throughout the third-party lifecycle.
• Analyze documentation related to operational resilience, information security, compliance, and business continuity.
• Identify control gaps and document risks, issues, and recommendations clearly and accurately.
• Track and monitor remediation activities for identified third‑party issues.
• Validate evidence of corrective actions and escalated concerns when remediation is insufficient or delayed.
• Support ongoing monitoring activities, including periodic reviews and trigger‑based reassessments.
• Partner with relationship owners to gather required documentation and clarify risk requirements.
• Respond to questions regarding TPRM processes, expectations, and timelines.
• Collaborate with subject matter experts as part of the review process.
• Maintain accurate and timely documentation within the TPRM system of record.
• Support preparation of management reports, metrics, and dashboards.
• Assist with audit and regulatory exam requests related to third‑party risk activities.

• Execute special projects and additional assignments as requested to support Third‑Party Risk Management and Enterprise Risk Management objectives.
• Contribute to the ongoing development, implementation, and maturation of third‑party risk management processes, training materials, and support resources.
• Develop and maintain effective working relationships with stakeholders across the Bank to promote collaboration and consistent application of third‑party risk management expectations.

• Communication: Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery method(s).
• Gaining Agreement: Uses appropriate interpersonal styles and techniques to gain acceptance of ideas or plans; modifies one's own behavior to accommodate tasks, situations and individuals involved.
• Collaboration: Actively seeks, develops and maintains trusted relationships with others to achieve business goals and objectives.

• Drive and Execution: Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance.
• Planning and Organizing: Ability to determine a course of action, set and manage priorities, and ensure optimal resources to achieve individual and/or team objectives.
• Accountability: Accepts full responsibility for self and contribution as a team member; follows through on commitments; implements decisions that have been agreed upon; acknowledges and learns from mistakes without blaming others; recognizes the impact of his/her behavior on others.
• Attention to Detail: Completes work thoroughly and accurately; pursues quality in accomplishing tasks.
• Technical Knowledge: Possesses the required technical knowledge to perform the role effectively; continuous learning to adopt new trends or expertise.

• Bachelor’s degree in business, project management, accounting, or related field.
• 3+ years of experience in third‑party risk management, operational risk, audit, or related risk disciplines.
• Preferred certifications: CTPRP, CPA, CIA, CISA
• Foundational understanding of risk management concepts, including exposure to policies, standards, and procedures.
• General knowledge of banking operations and technology processes; prior experience in a regulated environment preferred.
• Familiarity with key third‑party risk and regulatory requirements (e.g., GLBA, SOX, PCI, HIPAA) and related compliance expectations.
• Basic understanding of information security, cybersecurity concepts, and technology risks impacting third‑party relationships.
• Strong attention to detail with the ability to analyze information, identify issues, and document risks clearly.
• Ability to manage multiple tasks and priorities in a fast‑paced environment while meeting timelines.
• Effective written and verbal communication skills, including the ability to prepare documentation and support risk reporting.
• Demonstrated ability to work collaboratively and build productive working relationships across teams.
• Proficiency in Microsoft Office applications, including Word, Excel, PowerPoint, and Visio.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!