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Senior Risk Management Analyst Jobs in Illinois (NOW HIRING)

Wintrust

Risk Management Officer

Rosemont, IL · On-site

... SR 11-7/OCC 2011-12 and Model Risk Management (MRM) policy and procedures. * Develop a model ... Materiality analysis of model assumptions and limitations; Review of model theoretical framework ...

Wintrust

Risk Management Officer

Rosemont, IL · Hybrid

... SR 11-7/OCC 2011-12 and Model Risk Management (MRM) policy and procedures. * Develop a model ... Materiality analysis of model assumptions and limitations; Review of model theoretical framework ...

Capital One

Senior Auditor - Risk Management

Chicago, IL

$83K - $102K/yr

Senior Auditor - Risk Management Capital One's Audit function is a dedicated group of professionals ... This will require leveraging the power of data analytics and furthering your technical expertise ...

Capital One

Senior Auditor - Risk Management

Riverwoods, IL

$84K - $103K/yr

Senior Auditor - Risk Management Capital One's Audit function is a dedicated group of professionals ... This will require leveraging the power of data analytics and furthering your technical expertise ...

inlandgroup

Director of Risk Management

Oak Brook, IL · On-site

This is a highly visible, senior-level role with broad exposure to executive leadership and ... Conduct comprehensive risk assessments and enterprise risk analysis , identifying exposures and ...

Benesch

Sr. Legal Project Management Analyst

Chicago, IL · Hybrid

$90K - $120K/yr

Then our Senior Legal Project Management Analyst opening might be just the position for you! This ... risk assessments; educating and training attorneys and their support staff about LPM and other best ...

BMO Financial

Senior Manager, Risk Appetite

Chicago, IL · On-site

The position reports to the Director, Risk Appetite, in the Risk Appetite & Portfolio Management ... Ability to analyze complex information deeply and derive meaningful insights. * Attention to detail:

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Senior Risk Management Analyst information

See Illinois salary details

$51.8K

$106.4K

$138.1K

How much do senior risk management analyst jobs pay per year?

As of Aug 7, 2026, the average yearly pay for senior risk management 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 does a senior risk management analyst do?

A Senior Risk Management Analyst is responsible for identifying, assessing, and mitigating risks that could impact an organization's financial health or operational performance. They analyze data, develop risk models, and recommend strategies to minimize potential losses. In addition, they often collaborate with various departments to ensure compliance with regulations and to implement risk controls. Their expertise helps organizations make informed decisions and maintain stability in a constantly changing environment.

What are the key skills and qualifications needed to thrive as a senior risk management analyst?

To excel as a Senior Risk Management Analyst, you need strong analytical skills, expertise in risk assessment methodologies, and a relevant degree in finance, business, or a related field. Familiarity with risk management software (like RSA Archer or SAP GRC), data analysis tools, and professional certifications such as FRM or CRM are typically required. Exceptional communication, problem-solving, and stakeholder management skills set top performers apart. These competencies are critical for accurately identifying risks, communicating strategies, and ensuring organizational resilience.

How does a senior risk management analyst typically collaborate with other departments within an organization?

A Senior Risk Management Analyst regularly works with teams across finance, operations, compliance, and IT to identify, assess, and mitigate various types of risks. They facilitate risk assessments, share insights on emerging threats, and help develop policies that align with business objectives. Effective collaboration ensures that risk strategies are integrated into daily operations and major projects, making communication and relationship-building critical parts of the role. Senior analysts may also lead cross-functional meetings and provide training to ensure consistent risk awareness throughout the organization.
What are the most commonly searched types of Risk Management Analyst jobs in Illinois? The most popular types of Risk Management Analyst jobs in Illinois are:
What are popular job titles related to Senior Risk Management Analyst jobs in Illinois? For Senior Risk Management Analyst jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Senior Risk Management Analyst jobs in Illinois look for? The top searched job categories for Senior Risk Management Analyst jobs in Illinois are:
What cities in Illinois are hiring for Senior Risk Management Analyst jobs? Cities in Illinois with the most Senior Risk Management Analyst job openings:
Senior Risk Management Analyst jobs near you
Infographic showing various Senior Risk Management Analyst job openings in Illinois as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $106,444 per year, or $51.2 per hour.

Senior Vice President, Risk & Portfolio Analytics

Unison Risk Advisors

Chicago, IL • On-site

Full-time

Re-posted 15 days ago

Job description

Position Summary
The Senior Vice President, Risk & Portfolio Analytics role will be based in our Chicago office and will lead the analytics function across all platform MGAs and play a critical role in shaping underwriting strategy. This role serves as an independent, data-informed voice to the business, providing portfolio insight, pricing discipline, and performance analysis that support sound underwriting and capital decisions.
This is a senior leadership role spanning portfolio management, actuarial oversight, catastrophe risk analysis (RMS), business intelligence, and product review. The successful candidate will build and mentor a high-performing team, strengthen analytics capabilities across the organization, and partner closely with underwriting, technology, finance, and risk capital stakeholders.
Key Responsibilities
• Lead the analytics function by delivering portfolio reporting, deep-dive performance analysis, and actionable insight into underwriting trends across the group.
• Translate complex data into clear decision support for senior leadership, underwriting teams, and external stakeholders through well-structured reports, exhibits, and data visualizations.
• Oversee business intelligence and reporting capabilities, including the continued development of our reporting dashboard platform and other automated reporting tools in partnership with the software development team.
• Provide regular management reporting on key portfolio KPIs across the underwriting platform.
• Direct actuarial and exposure management activities, including rate methodology reviews, pricing adequacy assessments, exposure monitoring, and portfolio trend analysis by geography and class of business.
• Produce ad hoc portfolio and carrier analytics, including premium, aggregate, and modelling projections, to support business planning and stakeholder requests.
• Perform actuarial analysis, including loss ratio projections, technical loss picks, projection oversight, and coordination with external actuarial partners where appropriate.
• Oversee catastrophe risk modelling workflows for property lines and provide concise, decision-ready exposure accumulation reporting to business leaders.
• Review new products and contract structures to ensure pricing adequacy, technical soundness, and readiness for market rollout.
• Establish and maintain robust documentation for pricing frameworks, portfolio modelling methodologies, and internal analytics processes.
• Build, mentor, and develop a high-performing team of analytically strong professionals while fostering a culture of curiosity, rigor, and continuous improvement.
Qualifications
The ideal candidate will bring a strong blend of technical expertise, commercial judgment, and leadership capability.
Key Qualifications:
• Significant experience within an insurance carrier, reinsurance company, underwriting agency, MGA/MGU, or international insurance or reinsurance broker.
• A strong foundation in actuarial science; progress toward or completion of ACAS, FCAS, or an equivalent analytical credential is preferred.
• Demonstrated knowledge of ISO-based pricing methodologies and commercial property and casualty rating structures.
• Demonstrated experience working with risk modelling platforms, including RiskModeler (RMS).
• Hands-on experience with advanced analytical and reporting tools such as SQL, Python, Power BI, Sigma, or proprietary insurance systems.
• A proven ability to communicate complex analytical issues clearly and credibly to executive leadership, underwriting teams, and external stakeholders.
• Strong leadership skills, including the ability to recruit, mentor, and develop high-potential analytical talent.
• A collaborative, intellectually curious approach with the confidence to provide independent challenge and constructive insight together with the ability to communicate complex themes clearly at all levels of the organization and to key stakeholders.
SSalary Range: $120,000-$200,000

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