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 56 Jobs

Application Deadline: 06/26/2025 Address: 320 S Canal Street Job Family Group: Data Analytics & Reporting The ideal candidate for this opportunity would have experience with: Machine Learning...

Risk Management - Credit Risk Analyst - Insurance

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

As a Credit Risk Analyst on the Commercial and Investment Bank - Insurance Credit Risk Team, you will develop the analytical skills needed to evaluate, assess and document client creditworthiness of...

Credit Analyst

  • IL
  • 2 days ago
  • IL
  • 2 days ago

Job Snapshot Employee Type: Permanent Location: Illinois, Canton Date Posted: Tuesday, June 3, 2025 Job Description Credit Analysis goes beyond crunching numbers and utilizing spreadsheets....

Risk Analyst II

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

The GoFundMe team is searching for a skilled and passionate risk analyst to join our global operations....

Financial & Credit Reporting Analyst

  • Lincolnwood, IL
  • 4 days ago
  • Lincolnwood, IL
  • 4 days ago

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses....

Financial & Credit Reporting Analyst

  • Rosemont, IL
  • 5 days ago
  • Rosemont, IL
  • 5 days ago

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses....

Credit Analyst I

  • Edwardsville, IL
  • 5 days ago
  • Edwardsville, IL
  • 5 days ago

Monitor loan requests and assign risk ratings that are based on established written lending policies and regulatory guidelines....

Credit Analyst II

  • Champaign, IL
  • 5 days ago
  • Champaign, IL
  • 5 days ago

Develop a working knowledge of the Commercial Banking Loan Policy and systems, including nCino. Assist with other duties or special projects as assigned....

Senior Analyst, Risk Appetite and Metrics

  • Chicago, IL
  • 6 days ago
  • Chicago, IL
  • 6 days 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...

Model Risk Management - Analyst

  • Chicago, IL
  • 6 days ago
  • Chicago, IL
  • 6 days 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...

IT Risk and Compliance Analyst

  • Chicago, IL
  • 6 days ago
  • Chicago, IL
  • 6 days ago

IT Risk and Compliance Analyst "No third-party candidates, only W2 candidates will be considered ." Job Details Position: Senior IT Risk and Compliance Analyst Location: Chicago IL, 2-3 days in...

Healthcare Credit Analyst (multiple levels)

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

analysis and analytical skills working with complex healthcare credits - Thorough knowledge of credit analysis, credit administration, credit policy and procedures, and risk analysis - Background in...

Senior IT Risk & Compliance Analyst

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

Senior IT Risk & Compliance Analyst Senior IT Risk & Compliance Analyst Contract Location: C hicago, IL Need Local Skills: IT audit or risk management Risk & Compliance (GRC) framework ITGC Risk...

Dividend - Risk & Strategy Analyst (Credit Risk)

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

ESSENTIAL DUTIES AND RESPONSIBILITIES: Build valuation models to launch new product and pricing strategies for Solar & Home Improvement lending products Drive step-change improvements in credit performance...

Credit Analyst

  • Northfield, IL
  • 8 days ago
  • Northfield, IL
  • 8 days ago

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses....

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 Management
Gain a solid foundation in risk management by learning risk assessment, analysis, and management techniques from Wall Street professionals. Taught by instructors with decades of experience on Wall...

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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
24.3%
High School or GED
11.8%
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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