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

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.

3M HEALTHCARE

Senior Financial Risk Analyst

Chicago, IL · On-site

$111 - $130/hr

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 ...

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 ...

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

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 Aug 21, 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?

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

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

Senior Risk Analyst jobs near you
Infographic showing various Senior Risk Analyst job openings in Wheeling, IL as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 9% Part Time, and 3% Contract. Highlights an 89% Physical, 4% Hybrid, and 7% Remote job distribution, with an average salary of $113,732 per year, or $54.7 per hour.

Validation Senior Analyst Model Risk -Chicago, IL -Hybrid (Chicago)

FinTrust Connect

Chicago, IL • On-site

$70 - $150/hr

Full-time

Re-posted 18 days ago

Job description

About the job Validation Senior Analyst Model Risk -Chicago, IL -Hybrid

FinTrust Connect Chicago IL Hybrid

Share Your Resume and Build Your Future!

Join our Talent Community for Chicago based opportunities across banks and broker dealers. On site access supports committee sessions and closure testing. Market postings in Chicago highlight senior analyst scope with full coverage of conceptual soundness and benchmarking and implementation checks.

As a Validation Senior Analyst you will lead testing across market and credit and treasury and AML models, produce clear issues and action plans, and support monitoring setup for production.

Requirements

4 to 7 years in model validation or quantitative audit

Proven work on backtesting and benchmarking and implementation and performance monitoring

Python or R and SQL and comfort with version control and notebooks

Strong report writing for risk and audit stakeholders

Responsibilities

Execute full scope validations with reproducible scripts

Benchmark models with challengers and independent data

Draft findings with severity and dates and ownership

Build monitoring KPIs and drift and stability checks

Prepare exam evidence and respond to RFIs

Outcomes we track

Documentation completeness 100%

Repeat findings down 30% in 2 quarters

Compensation and terms

Consultant pay $70 to $150 per hour

Contract Hybrid Chicago IL or Remote US W2 or 1099

Keywords
Model Validation, Market Risk, Credit Risk, SR 11 7, Backtesting, Benchmarking, Python, R, SQL, Workpapers, Chicago, Governance, Committee, RFIs

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