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

The Vendor Risk Management Analyst will be responsible for assessing, monitoring, and mitigating ... senior management and other stakeholders. * Stay up to date with industry trends, regulatory ...

Senior Credit Risk Analyst

Chicago, IL · Hybrid

$84.20K - $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 ...

Senior Credit Risk Analyst

Chicago, IL · On-site

$84.20K - $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 ...

Identify and analyze global risk exposures to assess insurance and non-insurance risk transfer ... Working with senior management teams /executives * Strong self-management skills and attention to ...

Position Overview The Fraud Risk Analyst supports the Risk Mitigation team by performing initial ... Flag and document suspicious activity for further review by senior investigators. * Assist in ...

Senior Financial Risk Analyst

Chicago, IL · On-site

$111K - $130K/yr

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

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Senior Risk Analyst information

See Wheeling, IL salary details

$55.4K

$113.7K

$147.5K

How much do senior risk analyst jobs pay per year?

As of May 28, 2026, the average yearly pay for senior risk analyst in Wheeling, IL is $113,732.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,700.00 and $141,800.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Senior Risk Analyst, and why are they important?

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 does a Senior Risk Analyst do?

A Senior Risk Analyst is responsible for identifying, assessing, and mitigating potential risks that could impact an organization’s financial health or operations. They analyze data, evaluate risk management strategies, and provide recommendations to ensure compliance with regulations and minimize losses. Senior Risk Analysts also collaborate with various departments to develop risk models, prepare reports for management, and guide the implementation of risk controls.

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 cities near Wheeling, IL are hiring for Senior Risk Analyst jobs? Cities near Wheeling, IL with the most Senior Risk Analyst job openings:

Senior IT Risk and Compliance Analyst

Logical Information Machines

Chicago, IL

$114.10K - $167.35K/yr

Full-time

Medical, Dental, Life, Retirement

Posted 9 days ago


Job description

The Group:

The Information Security department is responsible for setting enterprise security policies and standards that are designed to protect the confidentiality, integrity and availability of Morningstar information. The security team offers guidance and technical expertise in areas like application security, policies and procedures, disaster recovery and compliance/regulation. We analyze emerging security threats and conduct risk and vulnerability assessments to ensure that our information remains secure.

The Role:

The Information Security Team is looking for a Senior Analyst Third-Party Vendor Risk Analyst to join the IT Compliance Team. The Senior Third-Party Vendor Risk Analyst will help shape the Information Security Team's third party vendor risk management program. This individual will serve as a subject matter expert for third party vendor risk management, perform vendor risk assessments, propose updates to expand the program's capabilities, increase participation in the program and drive process improvements. This position is based in either our Chicago or Toronto office.

Responsibilities:

  • Partner with the business to execute vendor risk assessments

  • Monitor internal SLAs to ensure we provide timely service to our internal stakeholders

  • Serve as a subject matter expert for security vendor risk management

  • Collaborate with the procurement department and other internal stakeholders to improve and expand the vendor risk management program

  • Review third party security documents (SOC2, security policies, data flow diagrams, etc.)

  • Perform contract reviews of proposed changes to security requirements in our third party contracts

  • Liaise with third party vendors as required

Requirements:

  • A bachelor's degree and 5+ years' experience include 3+ in a vendor risk related role

  • Experience serving as the subject matter expert for security vendor due diligence

  • Experience performing contract review of security terms

  • Familiarity with common compliance standards (SOX, SOC2, PCI-DSS, GDPR etc.)

  • Familiarity with security frameworks (ISO 27001, NIST, etc.) and general security concepts

  • Strong organizational skills and the ability to multitask and switch priorities with short notice

  • Strong business analysis, research and analytical skills

  • Excellent communication skills

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

  • Financial Health

    • 100% 401k match up to 6% of salary

    • Stock Ownership Potential

    • Company provided life insurance - 1x salary + commission

  • Physical Health

    • Comprehensive health benefits(medical/dental/vision)including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plansand coverages

    • Additional medical Wellness Incentives - up to $300-$600 annual

    • Company-provided long- and short-termdisabilityinsurance

  • Emotional Health

    • Trust-Based Time Off

    • 6-week Paid Sabbatical Program

    • 6-Week Paid Family Caregiving Leave

    • Competitive 8-24 Week Paid Parental Leave

    • Adoption Assistance

    • Leadership Coaching & FormalMentorshipOpportunities

    • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses

    • Tuition Reimbursement

  • Social Health

    • Charitable Matching Gifts program

    • Dollars for Doers volunteer program

    • Paid volunteering days

    • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$114,100.00-167,350.00

Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

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