Risk Analyst Jobs in Illinois

A Risk Analyst in the banking industry identifies and analyses potential risks that could negatively impact the financial performance and reputation of the bank. They use their analytical skills to examine market trends, regulatory frameworks, economic data and the bank's business strategies to assess potential risks. These risks could come from diverse sources such as credit and market risk, operational risk, and regulatory risk. They produce risk reports and present their findings to the bank's management team and suggest ways to control, reduce, or prevent these risks. They also play a critical role in formulating risk management policies and processes.

For this role, a strong background in finance, economics, or statistics is usually required. Proficiency in statistical analysis software and data analysis is also critical. They should have good communication skills as they often need to present complex risk assessments to non-experts. Many employers prefer candidates with professional certifications such as the Financial Risk Manager (FRM) or the Professional Risk Manager (PRM). Before becoming a Risk Analyst, a person might have roles such as a Financial Analyst, Credit Analyst, or Data Analyst.

1-15 of 45 Jobs

SBA Credit Analyst 6

  • Chicago, IL
  • 19 hours ago
  • Chicago, IL
  • 19 hours ago

May use technological tools, including computer software, to assist in the credit analysis process by helping evaluate a particular credit or a portfolio....

SBA Credit Analyst 5 & 6 (PMG)

  • Chicago, IL
  • 23 hours ago
  • Chicago, IL
  • 23 hours ago

analysis and analytical skills In-depth knowledge of credit analysis, credit administration, credit policy and procedures, and risk analysis Background in economics, accounting, and/or finance Effective...

Credit Risk Reporting Analyst

  • Chicago, IL
  • 1 day ago
  • Chicago, IL
  • 1 day ago

Were building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing whats right for our clients. At CIBC, we embrace your...

In this role, you will be responsible for reviewing and analyzing fraud alerts to mitigate fraud losses to Alliant Credit Union. Identify fraud patterns impacting member's deposit accounts....

Remote Work

Senior Credit Analyst - Renewable Energy

  • Chicago, IL
  • 2 days ago
  • Chicago, IL
  • 2 days ago

Make banking a Fifth Third better We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: The...

Technology Risk & Compliance Analyst

  • Chicago, IL
  • 3 days ago
  • Chicago, IL
  • 3 days ago

Job Responsibilities: The Analyst, Technology Risk & Compliance assists with managing and administering tools that support TRC activities, including IT Policy, risk practices, compliance with...

Sr. Security Governance, Risk & Compliance Analyst

  • Chicago, IL
  • 4 days ago
  • Chicago, IL
  • 4 days ago

at Early Warning Services in Chicago, Illinois, United States Job Description At Early Warning, we've powered and protected the U.S. financial system for over thirty years with cutting-edge...

Credit Analyst II

  • Itasca, IL
  • 4 days ago
  • Itasca, IL
  • 4 days ago

Required Education and Experience 3+ years of commercial credit analysis experience Bachelor's degree in finance or accounting, or related field Proficiency with financial spreading software Strong...

Ottawa: Junior Credit Analyst

  • Ottawa, IL
  • 5 days ago
  • Ottawa, IL
  • 5 days ago

In this role, you'll assist with analyzing new and existing commercial loan facilities and support the credit and lending operations....

Risk & Compliance Analyst (Information Systems Analyst II, Opt. A)

  • Springfield, IL
  • 6 days ago
  • Springfield, IL
  • 6 days ago

Job Requisition ID: 46442 Posting Date: 04/15/2025 Closing Date: 04/28/2025 Agency: Department of Innovation and Technology Class Title: INFORMATION SYSTEMS ANALYST II - 21166 Skill Option:...

Portfolio Support Credit Analyst

  • Chicago, IL
  • 7 days ago
  • Chicago, IL
  • 7 days ago

Exceptional skills in quantitative analytics and credit analysis skills. Nice to have - Corporate Card Experience Highly developed written and oral communication skills....

Sr. Security Governance, Risk & Compliance Analyst - Paze

  • Chicago, IL
  • 7 days ago
  • Chicago, IL
  • 7 days ago

At Early Warning, we've powered and protected the U.S. financial system for over thirty years with cutting-edge solutions like Zelle, Paze, and so much more. As a trusted name in payments, we...

Security Risk Management Analyst

  • Buffalo Grove, IL
  • 8 days ago
  • Buffalo Grove, IL
  • 8 days ago

Security Risk Management Analyst CVS Health - 3.2 Buffalo Grove, IL Job Details Full-time $64,890 - $158,620 a year 9 hours ago Benefits Employee stock purchase plan Health insurance Flexible...

Senior Risk Analyst Credit Risk & Marketing Analytics

  • Chicago, IL
  • 8 days ago
  • Chicago, IL
  • 8 days ago

Job Titile: Senior Risk Analyst - Credit Risk & Marketing Analytics Location: Chicago, IL (Hybrid - once a month) Job Type: Full Time Job Description: Support tactical & strategic risk analytics initiatives...

Remote Work

Senior Data Analyst Credit Risk & Marketing

  • Chicago, IL
  • 8 days ago
  • Chicago, IL
  • 8 days ago

Chicago, IL (Hybrid - once a month) Job Type: Full Time Job Description: Support tactical & strategic risk analytics initiatives for US based banks' Risk team Develop risk policy for Point of Sale (POS) lending...

Remote Work

Demographic Data for Illinois

Moving to Illinois? Find some basic demographic data about Illinois below.


Local
National
12,812,477
319,486

Risk Analyst Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Data Analyst
This eight-course Professional Certificate from IBM prepares you with job-ready skills for an entry level data analyst role. Position yourself competitively and power your data analyst career for...
Cybersecurity Analyst
Get started in the exciting field of Cybersecurity with this IBM Cybersecurity Analyst Professional Certificate! Here you will learn all the important skills you need in order to become a...
Risk & Return
Learn how to measure the risk and return of equity and debt; and compute the weighted average of cost of capital. In this course, you will learn to estimate the expected return of equity and debt....

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Salary for Risk Analyst Jobs in Illinois

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Licensing / Certification

Required or preferred licenses and certifications for Risk Analyst positions.



Highest Education Level

Risk Analysts in Illinois offer the following education background
Bachelor's Degree
44.0%
Master's Degree
24.0%
High School or GED
12.0%
Associate's Degree
9.3%
Vocational Degree or Certification
7.3%
Doctorate Degree
1.5%
Some College
1.5%
Some High School
0.3%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Risk Analysts in Illinois
1-2 years
30.0%
2-4 years
25.0%
None
25.0%
4-6 years
15.0%
Less than 1 year
5.0%



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