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Senior Risk Analyst Jobs in Illinois (NOW HIRING)

The Senior Analyst acts as a subject matter expert, collaborating with cross-functional teams ... Participate in risk assessments, audits, and compliance efforts related to data governance and ...

Maintain and update risk management documentation (e.g., certificates of insurance, local policies) to ensure accuracy and consistency across entities. * Partner with Finance to ensure premium ...

Conduct loss analysis and trending to identify client focus areas and demonstrate measurable ... SVP for review prior to submission. What You Bring Technical Expertise * Deep knowledge of risk ...

Conduct deep‑drop quantitative analyses into liquidity risks emerging across the Robinhood ecosystem * Enhance and maintain liquidity risk models and forecasting frameworks to support proactive ...

Senior CI Management Analyst Full Time Quantico, VA, Quantico, VA, US 9 days ago Requisition ID ... Support CI modernization, enterprise risk assessment, collection-requirements management ...

We are seeking a highly skilled Cybersecurity Sr. Risk Analyst / ServiceNow Business Analyst with a unique blend of cybersecurity risk management expertise, ServiceNow platform experience, and strong ...

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Showing results 41-60

Senior Risk Analyst information

See Illinois salary details

$51.8K

$106.4K

$138.1K

How much do senior risk analyst jobs pay per year?

As of Sep 4, 2026, the average yearly pay for senior 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 are the key skills and qualifications needed to thrive as a senior risk analyst?

To thrive as a Senior Risk Analyst, you need strong analytical skills, a solid grasp of risk assessment methodologies, and typically a degree in finance, economics, or a related field. Proficiency with risk management software, data analysis tools like Excel, and familiarity with regulatory frameworks such as Basel III or SOX is often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies are vital for ensuring accurate risk identification and mitigation, supporting sound business decisions, and maintaining regulatory compliance.

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

Senior Risk Analysts regularly work with teams across the organization, such as compliance, finance, operations, and IT, to identify emerging risks and implement mitigation strategies. They often participate in cross-functional meetings, provide insights from data analysis, and help develop policies that address both regulatory requirements and business objectives. Building strong working relationships and communicating complex risk scenarios in an accessible way are key to ensuring coordinated risk management efforts. This collaborative approach not only helps in early detection of potential issues but also fosters a proactive risk culture within the company.

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

AspectSenior Risk AnalystRisk Analyst
Required CredentialsBachelor's degree, often certifications like FRM or CRMBachelor's degree, some certifications like FRM or CRM
Work EnvironmentFinancial institutions, insurance companies, consulting firmsFinancial firms, corporations, government agencies
Employer & Industry UsageUsed across finance, insurance, and consulting sectorsCommon in finance, banking, and insurance industries

The main difference is that Senior Risk Analysts typically have more experience, advanced certifications, and handle more complex risk assessments. They often lead projects and mentor junior staff, whereas Risk Analysts focus on data collection, analysis, and supporting risk management processes.

Do risk analysts make good money?

Risk analysts typically earn a competitive salary that varies by industry, experience, and location. According to industry data, the median annual wage for risk analysts is around $80,000, with experienced professionals earning over $100,000. Certifications like FRM or CRM can enhance earning potential, and strong analytical skills are essential in this role.

How much does a senior risk analyst make in the US?

A senior risk analyst in the US typically earns between $80,000 and $120,000 annually, depending on experience, industry, and location. They often require strong analytical skills, knowledge of risk management tools, and relevant certifications such as FRM or CRM.

What does a senior risk analyst do?

A senior risk analyst evaluates potential risks that could impact an organization’s financial health, operations, or reputation. They analyze data, develop risk mitigation strategies, and use tools like risk assessment software to inform decision-making. This role often requires strong analytical skills, industry knowledge, and relevant certifications such as FRM or CRM.

What is the salary of a senior risk analyst?

The salary of a senior risk analyst typically ranges from $80,000 to $130,000 annually, depending on experience, industry, and location. They often require strong analytical skills and proficiency with risk management tools and software.

What are the most commonly searched types of Risk Analyst jobs in Illinois?

The most popular types of Risk Analyst jobs in Illinois are:

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

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

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

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

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

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

Infographic showing various Senior Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 91% Full Time, 6% Part Time, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $106,444 per year, or $51.2 per hour.

Sr. Analyst, US Operational Risk Management

Canadian Imperial Bank of Commerce

Chicago, IL • On-site

$83 - $95/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New


CIBC rating

9.0

Company rating: 9.0 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

7th of 174 rated banks


Job description

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute. To learn more about CIBC, please visit CIBC.com The Senior Analyst, US Operational Risk Management, supports the execution, reporting, and continuous enhancement of the US Operational Risk Management program. This role is intended to provide broad exposure across US ORM through a combination of recurring accountabilities and project-based assignments supporting multiple ORM teams. The role will help build foundational operational risk management knowledge across areas such as portfolio management, risk assessments, program governance, change management, control testing, reporting and analytics, third party risk management, business continuity, operational resilience, cyber risk, data risk, fraud risk, and physical security risk management. At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 3 days per week on-site, while other days will be remote. The scope of this mandate includes all Combined US Operations including Commercial Banking, Commercial Real Estate, Private Wealth, Private, Personal, and Digital Banking, Capital Markets, and supporting infrastructure teams including US Chief Administrative Office & Technology, Data, and AI.

What You’ll Be Doing
  • Support recurring US ORM program execution activities, including RCSA program reporting, operational loss metrics and related management reporting.
  • Participate in operational risk assessments and related program activities by gathering data, preparing materials, documenting outcomes, tracking follow-ups, and supporting timely execution.
  • Contribute to project-based assignments across US ORM teams based on business needs, providing the analyst with exposure to different aspects of the operational risk program.
  • Support the development and maintenance of program materials, guidance, procedures, job aids, meeting materials, and training or change management content.
  • Build knowledge of CIBC’s US operational risk framework, risk culture, governance practices, and applicable program requirements while developing the skills necessary to progress within US ORM.
Who You Are

Bachelor’s degree 3 + years of experience in Consulting or Financial Institution California residents — your privacy rights regarding your actual or prospective employment At CIBC

We offer a competitive total rewards package. This role has an expected salary range of $83,000 - $95,000 for the market based on experience, qualifications, and location of the position.

The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.

What CIBC Offers

CIBC offers a full range of benefits and programs to meet our employee’s needs, including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.

We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck. We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients. We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development. *Subject to plan and program terms and conditions

What you need to know

CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applications with a wide range of abilities and we provide an accessible candidate experience.

If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office).

Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location IL-Chicago, 70 W Madison St Fl 8

Employment Type Regular

Weekly Hours 40

Skills
  • Analytical Thinking
  • Continuous Improvement Techniques
  • Control Frameworks
  • Group Problem Solving
  • Operation Risk Management
  • Risk Assessments
  • Risk Monitoring

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them.

Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.

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