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Sr Risk Analyst Jobs in Chicago, IL (NOW HIRING)

Senior IT Risk Analyst

Rosemont, IL · Hybrid

$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 ...

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 ...

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.

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 ...

Showing results 21-40

Sr Risk Analyst information

See Chicago, IL salary details

$55.2K

$113.2K

$146.9K

How much do sr risk analyst jobs pay per year?

As of Aug 21, 2026, the average yearly pay for sr risk analyst in Chicago, IL is $113,247.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,300.00 and $141,200.00 per year, depending on experience, location, and employer.

What does a Sr Risk Analyst do?

A Sr Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations or financial performance. They analyze data, create risk models, and provide recommendations to help companies make informed decisions and maintain compliance with regulations. Senior Risk Analysts often work closely with management and various departments to implement risk management strategies and ensure the company’s risk exposure is within acceptable limits.

How does a Sr Risk Analyst typically collaborate with other departments to manage enterprise risks?

As a Sr Risk Analyst, collaboration with various departments—such as compliance, audit, finance, and operations—is essential to identify, assess, and mitigate organizational risks. You will often facilitate risk workshops, communicate findings to department heads, and provide guidance on risk mitigation strategies. Regular cross-functional meetings and reporting help ensure risks are understood and addressed at all levels, making strong communication and relationship-building skills vital for success in this role.

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

To thrive as a Sr Risk Analyst, you need strong analytical skills, experience in risk assessment methodologies, and a background in finance, economics, or a related field, often supported by relevant certifications such as FRM or CFA. Proficiency in data analysis tools like Excel, SQL, SAS, or Python, as well as risk management software, is typically required. Excellent communication, critical thinking, and problem-solving skills help you convey risk insights and collaborate effectively with stakeholders. These competencies enable accurate risk identification and mitigation, supporting sound decision-making and regulatory compliance.

What is the difference between Sr Risk Analyst vs Risk Analyst?

AspectSr Risk AnalystRisk Analyst
Required CredentialsBachelor's degree, relevant certifications (e.g., FRM, CRM), 3+ years experienceBachelor's degree, certifications optional, 1-3 years experience
Work EnvironmentFinancial institutions, insurance companies, corporate risk departmentsFinancial firms, consulting agencies, insurance companies
Employer & Industry UsageUsed in larger organizations with complex risk management needsCommon in smaller firms or entry-level roles

The main difference between a Sr Risk Analyst and a Risk Analyst lies in experience, responsibilities, and seniority. A Sr Risk Analyst typically has more years of experience, advanced certifications, and handles 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. Both roles are vital in risk management teams, but the senior role involves greater responsibility and strategic input.

What are popular job titles related to Sr Risk Analyst jobs in Chicago, IL?

For Sr Risk Analyst jobs in Chicago, IL, the most frequently searched job titles are:

Infographic showing various Sr Risk Analyst job openings in Chicago, 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 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $113,247 per year, or $54.4 per hour.

Senior Analyst, Cyber Risk Quantification and GRC

Phase2 Technology

Chicago, IL • On-site

$119 - $193/hr

Other

Posted 3 days ago

New


Job description

About This Role:

Forrester is currently looking for a Senior Analyst to conduct research and deliver strategic advice for risk management leaders and their teams. The ideal candidate has a strong understanding of risk management roles, responsibilities, and the most important security and risk trends and their business and technology implications; deep knowledge and experience with risk management practices and methods; deep knowledge and expertise in cyber risk quantification; and deep experience in developing, maintaining, and communicating risk management artifacts including risk standards, procedures, appetite, registry, and business strategy. Expertise in compliance management, internal or external audit, and GRC platforms is strongly desired.

The successful candidate researches and uncovers the strategies, technologies, and best practices of risk management that create a resilient and opportunity‑seeking business. The Senior Analyst delivers these insights and recommendations in written reports, presentations, inquiries, guidance sessions, and custom advisory for risk leaders across industries and geographies. Our research is aimed at helping enterprise clients solve business problems and improve business results by applying principles and best practices. We also advise vendors on their strategies, roadmaps, and messaging in line with our market insights and our recommendations for enterprise clients.

Job Description:

The Senior Analyst works as part of a high-performing team with a strong emphasis on collaborating with others in all aspects of the job. The Senior Analyst is expected to:

  • Develop a deep understanding of what Forrester clients require to be successful as risk management leaders and professionals with a focus on how they help their organizations develop risk management capabilities that enable a resilient and opportunity‑seeking business.
  • Conduct primary research into risk management capabilities, practices, touchpoints, and artifacts in the context of supporting C‑suite executives, business leaders, and appropriate committees.
  • Help define the future of risk management, including how risk leaders and professionals can work with other key business functions and support organizational success.
  • Work with different focus areas across Forrester research teams to develop a complete research portfolio on risk management, providing both input to others' research and writing reports incorporating expertise from across Forrester to provide a "big picture" view.
  • Partner as appropriate with other Forrester analysts on broader risk topics: risk quantification, third‑party risk, systemic risk, compliance, and cyber risk.
  • Research/write/create approximately six to eight research projects per year - a mix of written reports, tools, webinars, videos, podcasts, infographics, and other intellectual property. Build visibility for their research and contribute to Forrester client communities.
  • Consult with clients to apply Forrester's research in the context of their specific business environment and help solve their problems through inquiry, guidance, and advisory engagements.
  • Establish an industry presence as an influential speaker and thinker; build relationships with journalists who cover the sector; and participate in vendor briefings and field press inquiries as necessary.
Job Requirements:
  • Five to seven years as a research analyst, consultant, or practitioner where you have led or been involved in risk management, with a focus on cyber risk quantification, or an equal amount of time as product manager for vendors that serve the market.
  • A deep intellectual curiosity about the effect of technology on the business landscape; solid business instincts and a practical understanding of what makes companies tick; and a creative view of markets, technologies, and attitudes combined with a fascination with the future.
  • Superior listening, critical thinking, and writing skills as well as compelling presentation skills.
  • The ability to take complex, disparate ideas and distill them into simple, provocative concepts - and be willing to take a stand on vendors and outcomes.
  • The ability to travel up to 20% of the time.

Base salary range: $119,000 - $193,000

Base salary range for Georgia: $106,000 - $174,000

Base salary range for New York City, NY: $136,000 - $222,000

For employees based in Washington State, the percentage listed here is an estimated bonus target as a percentage of base salary, in accordance with the Forrester Employee Bonus plan. Individual and company performance, as well as other eligibility criteria, will determine the actual incentive amount.

Bonus target: 10%

FLSA Status: Exempt

Forrester Research, Inc. is an Equal Employment Opportunity Employer. As a federal contractor, Forrester encourages veterans and individuals with disabilities to apply for employment.

Here at Forrester, we welcome people from all backgrounds and perspectives. Our aim is for all candidates to be able to fully participate in Forrester's recruitment process. If you would like to discuss a reasonable accommodation, please reach out to accommodationrequest@forrester.com.

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