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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 ...

... Prepare analysis and materials for portfolio reviews, risk forums, and governance routines ... learn from senior investment and risk professionals and partner effectively with trading ...

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 9, 2026, the average yearly pay for sr risk analyst in Chicago, IL is $113,244.00, 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.

How much do senior risk analysts get paid?

Senior risk analysts typically earn between $80,000 and $130,000 annually, depending on experience, industry, and location. They often hold certifications such as FRM or CRM and work in finance, insurance, or consulting environments with strong analytical and risk assessment skills.

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.

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.

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 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 is the average salary for a senior risk analyst in the US?

The average salary for a senior risk analyst in the US typically ranges from $80,000 to $120,000 annually, depending on experience, industry, and location. Professionals in financial services or with specialized certifications may earn higher compensation. Strong analytical skills and knowledge of risk management tools are often required for this role.
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 89% Physical, 4% Hybrid, and 7% Remote job distribution, with an average salary of $113,244 per year, or $54.4 per hour.

Third Party Risk Analyst, Sr

Old National Bank

Chicago, IL • On-site

Other

Medical, Dental, Vision, Retirement

Re-posted 26 days ago


Old National Bank rating

8.2

Company rating: 8.2 out of 10

Based on 39 frontline employees who took The Breakroom Quiz

51st of 170 rated banks


Job description

Third Party Risk Analyst, Sr
Job Locations US-IN-Evansville | US-MN-Lake Elmo | US-IL-Chicago
Category/Function Risk/Security Position Type Regular Full-Time Requisition ID 2026-19268 Workplace Type On Site
Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

The Third-Party Risk Management (TPRM) Senior Analyst is responsible for executing thirdparty risk management activities across a portfolio of vendors, supporting the Bank's compliance with regulatory requirements and internal standards. This role manages relationships with third parties and partners with internal stakeholders to anticipate, identify, monitor, document, and mitigate risks associated with thirdparty relationships. This role reports to the Third-Party Risk Manager.

Salary Range

The salary range for this position is $60.000 - $121,300 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.


Key Accountabilities
Third Party Risk Management
* Perform thirdparty due diligence reviews and provide oversight of third-party risk assessments in accordance with TPRM policies, program and procedures.
* Support business segments throughout the third-party lifecycle.
* Analyze documentation related to operational resilience, information security, compliance, and business continuity.
* Identify control gaps and document risks, issues, and recommendations clearly and accurately.
* Track and monitor remediation activities for identified thirdparty issues.
* Validate evidence of corrective actions and escalate concerns when remediation is insufficient or delayed.
* Support ongoing monitoring activities, including periodic reviews and triggerbased reassessments.
* Partner with relationship owners to gather required documentation and clarify risk requirements.
* Respond to questions regarding TPRM processes, expectations, and timelines.
* Collaborate with subject matter experts as part of the review process.
* Maintain accurate and timely documentation within the TPRM system of record.
* Support preparation of management reports, metrics, and dashboards.
* Assist with audit and regulatory exam requests related to thirdparty risk activities.
Other
* Execute special projects and additional assignments as requested to support ThirdParty Risk Management and Enterprise Risk Management objectives.
* Contribute to the ongoing development, implementation, and maturation of thirdparty risk management processes, training materials, and support resources.
* Develop and maintain effective working relationships with stakeholders across the Bank to promote collaboration and consistent application of thirdparty risk management expectations.


Key Competencies for Position
Culture Leadership:
* Communication: Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery method(s).
* Gaining Agreement: Uses appropriate interpersonal styles and techniques to gain acceptance of ideas or plans; modifies one's own behavior to accommodate tasks, situations and individuals involved.
* Collaboration: Actively seeks, develops and maintains trusted relationships with others to achieve business goals and objectives.
Execution Leadership:
* Drive and Execution: Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance.
* Planning and Organizing: Ability to determine a course of action, set and manage priorities, and ensure optimal resources to achieve individual and/or team objectives.
* Accountability: Accepts full responsibility for self and contribution as a team member; follows through on commitments; implements decisions that have been agreed upon; acknowledges and learns from mistakes without blaming others; recognizes the impact of his/her behavior on others.
* Attention to Detail: Completes work thoroughly and accurately; pursues quality in accomplishing tasks
* Technical Knowledge: Possesses the required technical knowledge to perform the role effectively; continuous learning to adopt new trends or expertise.

Qualifications and Education Requirements
* Bachelor's degree in business, project management, accounting, or related field.
* 3+ years of experience in thirdparty risk management, operational risk, audit, or related risk disciplines.
* Preferred certifications: CTPRP, CPA, CIA, CISA
* Foundational understanding of risk management concepts, including exposure to policies, standards, and procedures.
* General knowledge of banking operations and technology processes; prior experience in a regulated environment preferred.
* Familiarity with key thirdparty risk and regulatory requirements (e.g., GLBA, SOX, PCI, HIPAA) and related compliance expectations.
* Basic understanding of information security, cybersecurity concepts, and technology risks impacting thirdparty relationships.
* Strong attention to detail with the ability to analyze information, identify issues, and document risks clearly.
* Ability to manage multiple tasks and priorities in a fastpaced environment while meeting timelines.
* Effective written and verbal communication skills, including the ability to prepare documentation and support risk reporting.
* Demonstrated ability to work collaboratively and build productive working relationships across teams.
* Proficiency in Microsoft Office applications, including Word, Excel, PowerPoint, and Visio.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!


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