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Transaction Processing Associate Jobs in Chicago, IL

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Transaction Processing Associate information

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$13

$20

$32

How much do transaction processing associate jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for transaction processing associate in Chicago, IL is $20.09, according to ZipRecruiter salary data. Most workers in this role earn between $16.83 and $20.82 per hour, depending on experience, location, and employer.

What is a transaction processing associate?

Transaction Processing Associates are professionals responsible for handling, reviewing, and processing financial or business transactions within an organization. They ensure that transactions are accurately entered, verified, and completed according to company policies and regulatory requirements. Their duties often include data entry, reconciling accounts, addressing discrepancies, and maintaining records. These associates play a key role in supporting finance, operations, or customer service teams, helping ensure smooth and efficient business operations.

What are the key skills and qualifications needed to thrive as a transaction processing associate, and why are they important?

To excel as a Transaction Processing Associate, you need strong analytical skills, attention to detail, and a basic understanding of financial transactions, often supported by a high school diploma or equivalent. Familiarity with transaction processing systems, databases, and spreadsheet software like Microsoft Excel is typically required. Effective communication, time management, and problem-solving abilities help you manage high volumes of data and collaborate with team members. These skills ensure accuracy and efficiency in processing transactions, which is crucial for maintaining financial integrity and customer satisfaction.

What are some common challenges faced by transaction processing associates, and how can they be managed effectively?

Transaction Processing Associates often encounter challenges such as handling high transaction volumes, meeting strict deadlines, and ensuring accuracy in data entry. To manage these effectively, it's important to develop strong organizational skills, maintain attention to detail, and utilize digital tools for tracking tasks. Collaborating closely with team members and supervisors can also help in resolving discrepancies quickly and ensuring that service level agreements are consistently met.

What is the difference between Transaction Processing Associate vs Customer Service Representative?

AspectTransaction Processing AssociateCustomer Service Representative
Required CredentialsHigh school diploma or equivalent; some roles may require financial or data entry certificationsHigh school diploma or equivalent; customer service experience preferred
Work EnvironmentBanking, finance, or corporate offices; focus on data entry and transaction accuracyCall centers, retail, or service centers; focus on customer interaction
Employer & Industry UsageFinancial institutions, banks, and corporate finance departmentsRetail, telecommunications, and service industries
Common Search & Comparison IntentUnderstanding job duties, requirements, and career pathCustomer interaction skills and job responsibilities

The main difference is that Transaction Processing Associates focus on handling financial transactions, data entry, and accuracy within financial or corporate settings. Customer Service Representatives primarily engage with customers, providing support and resolving issues. Both roles require strong communication skills, but their work environments and daily tasks differ significantly.

What are popular job titles related to Transaction Processing Associate jobs in Chicago, IL?

For Transaction Processing Associate jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Transaction Processing Associate jobs in Chicago, IL look for?

The top searched job categories for Transaction Processing Associate jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Transaction Processing Associate jobs?

Cities near Chicago, IL with the most Transaction Processing Associate job openings:

Transaction Processing Associate jobs near you
Infographic showing various Transaction Processing Associate job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 25% Part Time, 1% Temporary, and 2% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $41,791 per year, or $20.1 per hour.

Principal Process Manager - Network Product Well Managed

Capital One

Chicago, IL • On-site

Full-time

Re-posted 8 days ago

Capital One rating

7.8

Company rating: 7.8 out of 10

Based on 148 frontline employees who took The Breakroom Quiz

88th of 174 rated banks

Job description

Principal Process Manager - Network Product Well Managed

As a Principal Associate of Process Management within Transaction Processing, you will be responsible for ensuring all risk efforts are flawlessly executed. Our team bridges product, tech, and risk partners to ensure Transaction Processing products and platforms remain well-documented, efficient, and fully supported. You will serve as the primary subject matter experts and single point of contact for risk initiatives. You will blend analysis with process optimization to establish streamlined risk workflows and execute proactive data collection-ensuring on-time execution and continuous audit readiness.

General Responsibilities

  • Cross-Functional Partnership

    • Bridge the gap between technical, product, and risk teams, collaborating with and influencing diverse stakeholders to align on priorities and drive collective decision-making.

    • Act as a single point of contact to partnering with Product and Risk, ensuring successful execution of assessments, testing, audits, and regulatory requests.

    • Provide peer leadership and influence, serving as a mentor to junior team members and advocating for well-managed practices across broader initiatives.

  • Compliance & Risk Management

    • Provide oversight for essential controls and audits through proactive identification and monitoring of risks. Maintain robust protocols and drive remediation to ensure issues are resolved timely and regulatory standards are met.

    • Proactively anticipate and escalate potential risks or process gaps, driving the development of mitigation strategies to maintain a high-integrity control environment.

  • Process Excellence & Documentation

    • Design, optimize, and maintain rigorous process workflows and formal L2 documentation to ensure high standards and continuous audit readiness.

    • Establish and maintain team standard work to ensure a consistent, well-managed support model.

    • Support strategic prioritization and synthesize complex data into actionable insights to inform leadership pivots and program transparency.

    • Champion a culture of continuous improvement by identifying operational inefficiencies and leading small-scale process enhancements that streamline work and reduce manual overhead.

Basic Qualifications:

  • High School Diploma, GED or equivalent certification

  • At least 1 year of process management or risk experience

Preferred Qualifications:

  • Bachelor's Degree or military experience

  • Lean, Agile, Six Sigma, Business Process Management, or Project Management certification

  • At least 2 year of experience in Compliance or Risk Management

  • At least 2 years of experience in Process Management

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Chicago, IL: $98,900 - $112,900 for Principal Process Manager



McLean, VA: $108,900 - $124,300 for Principal Process Manager


Richmond, VA: $98,900 - $112,900 for Principal Process Manager


Riverwoods, IL: $98,900 - $112,900 for Principal Process Manager







Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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