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Senior Risk Analyst Jobs in Batavia, IL (NOW HIRING)

Smarkets

Chief Risk Officer

Chicago, IL · On-site

$150 - $200/hr

Senior risk leader with 7+ years of senior experience in risk management, ideally within ... Strong background identifying and analysing technology risk, counterparty exposures, and internal ...

CMI Media Group

Senior Analyst, Paid Social

Chicago, IL

$50K - $90K/yr

Senior Analyst of Paid Social - Lead Digital Excellence! Ready to take charge and steer brands toward digital excellence? Here's your chance to shine and redefine the landscape of social media! Join ...

Liberty Mutual

Senior Risk Engineer- Powergen

Chicago, IL · On-site

$125K - $176K/yr

Analyze risk quality, identify loss drivers, and recommend mitigation strategies. * Support claims analysis and help drive risk improvement opportunities across the portfolio. What we're looking for:

Liberty Mutual

Senior Risk Engineer- Powergen

Chicago, IL · On-site

$101K - $120K/yr

Analyze risk quality, identify loss drivers, and recommend mitigation strategies. * Support claims analysis and help drive risk improvement opportunities across the portfolio. What we're looking for:

Geneva Trading

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

... Analysis/Stress Testing, Greeks, Option profiles, etc. * Experience dealing directly with traders on risk-related issues * Experience and comfort dealing directly with senior management on risk ...

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Senior Risk Analyst information

See Batavia, IL salary details

$54.5K

$112K

$145.3K

How much do senior risk analyst jobs pay per year?

As of Aug 8, 2026, the average yearly pay for senior risk analyst in Batavia, IL is $111,977.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,300.00 and $139,700.00 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.

How much do senior risk analysts get paid?

Senior risk analysts typically earn a median annual salary between $80,000 and $120,000, depending on experience, industry, and location. They often require strong analytical skills and knowledge of risk management tools and regulations.

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.

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 are the most commonly searched types of Risk Analyst jobs in Batavia, IL? The most popular types of Risk Analyst jobs in Batavia, IL are:
What job categories do people searching Senior Risk Analyst jobs in Batavia, IL look for? The top searched job categories for Senior Risk Analyst jobs in Batavia, IL are:
What cities near Batavia, IL are hiring for Senior Risk Analyst jobs? Cities near Batavia, IL with the most Senior Risk Analyst job openings:
Senior Risk Analyst jobs near you

Senior Decision Technology Analyst

Bank of Montreal

Chicago, IL • On-site

$74K - $138K/yr

Full-time

Medical, Life, Retirement

Posted 4 days ago

Job description

Application Deadline:
08/24/2026
Address:
320 S Canal Street
Job Family Group:
Audit, Risk & Compliance
  • Develops and maintains risk decision-support strategies using analytical solutions to enable high-quality, fact-based decisions for a designated risk portfolio.
  • Manages interface with Consumer Credit Bureaus including interpreting credit bureau manuals, sourcing granular data and the creation of aggregate variables.
  • business intelligence, and the design and development of sophisticated decision support tools.
  • Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
  • Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
  • Acts as a resource for team members with less experience
  • Assists with the maintenance, monitoring, measurement & reporting on the status of the risk decision strategies performance.
  • Supports the development and maintenance of system and process documentation / process controls / knowledge assets required for the operation.
  • Supports the maintenance, monitoring, measurement & reporting on the status of the risk decision strategies and key risk indicators to internal & external stakeholders.
  • Supports the planning and execution of the change management process including simulation, validation testing and reporting requirements to evaluate the effectiveness of the new or modified strategies.
  • Provides advice and guidance to assigned business/group on implementation of analytical solutions.
  • Develops and maintains in-depth knowledge of business product strategies and related risk management requirements and legislative/ regulatory directives..
  • Works with data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs.
  • Works with internal and external stakeholders to understand the capabilities of risk models and core risk systems to ensure effectiveness of risk decision strategies.
  • Builds effective relationships with internal/external stakeholders.
  • Ensures alignment between stakeholders.
  • Presents findings & recommendations in a simple, clear way to drive action.
  • Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
  • Monitors and tracks performance; addresses any issues.
  • Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works independently on a range of complex tasks, which may include unique situations.
  • Broader work or accountabilities may be assigned as needed.

Qualifications:
  • Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • Working / in-depth knowledge of Consumer Credit Bureau data and products
  • Exposure to Consumer Loan Origination Systems (CRIFF a plus)
  • Working / in-depth product knowledge for the designated business / portfolio.
  • Working / in-depth knowledge of risk management theory, processes and portfolio management reporting techniques.
  • Woking / in-depth knowledge of modelling & analytics concepts and applications.
  • Working / in-depth knowledge of risk systems technology.
  • Technical proficiency gained through education and/or business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
  • Data driven decision making - In-depth.

Salary:
$74,000.00 - $138,000.00
Pay Type:
Salaried
The above represents BMO Financial Group's pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.
To find out more visit us at http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
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About BMO

Sourced by ZipRecruiter

BMO, or Bank of Montreal, is one of the biggest multinational banking and financial services corporations in North America. Developed in 1817, BMO's American headquarters are located ideally in Chicago, Illinois while its main world headquarters are situated in Montreal. The bank operates in a multitude of sectors including personal and commercial banking, wealth management and investment banking products and solutions. Over the years, BMO has been recognized for its commitment to doing what's right for its customers, employees, and society.

Industry

Banking and credit intermediation

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US

Social media

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