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

Wintrust

Senior IT Risk Analyst

Rosemont, IL · On-site

$98K - $110K/yr

Position Overview The Senior IT Risk Analyst (Audit concentration) role supports IT Risk Leadership in maintaining a strong, healthy audit culture across IT globally. This role applies industry best ...

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 ...

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 coordinate cross-team collaboration, seeing privacy processes are followed through start to finish.

FINRA

Principal Analyst, Risk Monitoring

Chicago, IL · Hybrid

$112K - $211K/yr

As a Senior Risk Monitoring Analyst, you'll work at the forefront of financial regulatory oversight - engaging directly with complex, high-profile member firms, shaping regulatory intelligence, and ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL

$81K - $135K/yr

Support the Senior Director, Risk Policy, Recovery & Resolution in building out risk management ... The Risk Management Policy Analyst will be responsible for establishing and maintaining risk ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

Support the Senior Director, Risk Policy, Recovery & Resolution in building out risk management ... The Risk Management Policy Analyst will be responsible for establishing and maintaining risk ...

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All JobsRisk Analyst JobsSenior Risk Analyst JobsSenior Risk Analyst Jobs in Elgin, IL

Senior Risk Analyst information

See Elgin, IL salary details

$52.9K

$108.6K

$140.9K

How much do senior risk analyst jobs pay per year?

As of Aug 18, 2026, the average yearly pay for senior risk analyst in Elgin, IL is $108,584.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,500.00 and $135,400.00 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 Elgin, IL?

The most popular types of Risk Analyst jobs in Elgin, IL are:

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

Cities near Elgin, IL with the most Senior Risk Analyst job openings:

Senior Risk Analyst jobs near you
Infographic showing various Senior Risk Analyst job openings in Elgin, IL as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $108,584 per year, or $52.2 per hour.

Senior IT Risk Analyst

Wintrust

Rosemont, IL • On-site

$98K - $110K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 2 days ago

Wintrust rating

8.0

Company rating: 8.0 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol "WTFC."
Why join us?
  • An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years)
  • Competitive pay and discretionary or incentive bonus eligible
  • Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
  • Promote from within culture

Why join this team?
  • This position has the opportunity to interface with and have a positive impact on multiple areas of Wintrust's business
  • We hold ourselves accountable to high standards, share wins, operate ethically, and have fun
  • This team touches every IT process across the organization, you'll gain exposure to new technologies and initiatives as they're evaluated for risk.
  • You'll play a direct role in protecting the company from major financial and operational loss, while continually growing in your knowledge of Wintrust's evolving technology landscape.

Position Overview
The Senior IT Risk Analyst (Audit concentration) role supports IT Risk Leadership in maintaining a strong, healthy audit culture across IT globally. This role applies industry best practices and regulatory requirements to IT audit-related activities, while also contributing to the broader IT risk and controls landscape. You'll serve as a key liaison during audits and regulatory exams, coordinating across internal and external stakeholders and helping ensure the organization is well-prepared and well-represented. This is a hybrid role, reporting directly to the Principal IT Risk Analyst Manager.
What You'll Do
  • Lead audit and regulatory examination facilitation efforts by coordinating activities, fostering collaboration, and advocating between internal and external auditors, regulatory examiners, and key stakeholders.
  • Assist leadership in designing and developing appropriate performance metrics for audit related efforts.
  • Review submitted audit artifacts for completeness and provide effective challenge where appropriate.
  • Participate in mentoring and coaching IT team members, as well as inter-departmental partners, in educating on related IT audit related matters and processes.
  • Periodic execution of internal testing to validate IT controls beyond the audit facilitation function.
  • Mapping of technology risk and control library inventory utilizing Industry standard IT risk frameworks.

Qualifications
  • 5 - 8 years of experience in IT Risk Analysis.
  • Demonstrated experience with IT Governance, IT-related risk, and IT Risk Management.
  • Proficiency in Microsoft Office, Egnyte, and SharePoint.
  • Bachelors degree preferred.
  • CRISC or CISA certification, a plus.
  • Prior experience in financial services/banking or other regulated industry.
  • Working knowledge of IT risk frameworks.

Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated salary range for this role is $98,000.00 - $110,000.00, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

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