Top Risk Analyst Jobs in Chicago, IL

Performs first-line risk management for deposit operations by conducting risk assessments and control testing, monitoring account activity, documenting controls and issues, analyzing risk indicators and audit findings, supporting new product and system risk reviews, and preparing dashboards and governance reports. Collaborates with business, compliance, risk, and audit teams to resolve issues and maintain regulatory compliance, including Bank Secrecy Act obligations.

Support insurance Economic Capital parameterization, capital attribution, risk-adjusted performance measurement, and profitability analysis across P&C lines. Responsibilities include developing risk parameters, conducting sensitivity testing, assessing model enhancements, analyzing capital and ROE impacts, improving reporting capabilities, and communicating results to actuarial leadership and business stakeholders. The role partners with Enterprise Risk Management, Pricing, Reserving, Treasury, and Finance.

Supports Cboe’s second-line Enterprise Risk Management program by reviewing risk and controls, facilitating RCSAs, challenging first-line assessments, maintaining GRC data, developing risk metrics and dashboards, and preparing reports for senior leadership and risk committees. The role also advances ERM procedures, monitors regulatory developments, supports issue remediation, and promotes risk policy adherence and organizational risk culture.

Supports Cboe’s Enterprise Risk Management function by conducting second-line risk reviews, facilitating RCSAs, challenging first-line risk owners, monitoring remediation, maintaining GRC data, and developing risk metrics, dashboards, reports, and presentations. The role also helps mature ERM frameworks, policies, procedures, and risk culture while collaborating with Internal Audit, Compliance, business units, and senior leadership.

Supports captive insurance management through financial reporting, cash management, renewals, claims analysis, actuarial data coordination, regulatory compliance, governance, and oversight of captive administrators. Prepares financial analyses, monitors premiums and claims, manages insurance transactions, and facilitates board, advisory committee, and finance meetings.

Supports TransUnion’s operational risk and control assurance program by developing testing methodologies, evaluating control design and effectiveness, identifying gaps, investigating incidents, assessing policy compliance, documenting findings, and recommending remediation. The role analyzes risk and control data, presents results to stakeholders and leadership, and collaborates across the business to strengthen enterprise risk management and control culture.

The Fraud Risk Analyst II oversees fintech partners within a Banking-as-a-Service program, conducting fraud monitoring, reviews, trend analysis, escalations, and regulatory compliance activities. The role prepares management reports and recommendations, identifies policy and process gaps, maintains audit-ready GRC records and fraud documentation, advises partners on best practices, and supports AI and automation initiatives. It also requires collaboration across departments, effective communication, data analysis, and knowledge of banking regulations including BSA, OFAC, Regulation E, and UDAAP.

Monitors and develops fraud risk strategies, tools, models, processes, and IT controls for commercial debit and credit card accounts. Analyzes application and portfolio data, tracks fraud losses and strategy performance, identifies root causes, and recommends improvements while balancing detection, approval rates, customer experience, and P&L impacts. Partners with vendors and product teams, ensures regulatory compliance, and reports performance trends to stakeholders.

Leads second-line risk oversight reviews focused on interest rate, market, liquidity, capital, and regulatory reporting risks. Develops independent assessments, recommendations, and formal findings based on data, policies, and regulatory expectations. Partners with first-line teams to evaluate controls, supports thematic reviews and policy interpretation, enhances oversight methodologies, and may guide junior analysts. Ensures compliance with internal controls, audit actions, and regulatory standards.

Leads technology-focused internal audits and risk advisory engagements involving ITGCs, automated controls, key reports, ERP systems, cloud solutions, and SOX compliance. Assesses control design and effectiveness, identifies risk exposures, develops remediation recommendations, oversees audit workstreams, coaches analysts, prepares audit documentation, and improves audit methodologies and testing approaches.

Executes technology-focused internal audit and risk advisory engagements, including SOX compliance testing, IT general and automated control testing, system implementation reviews, risk assessments, operational audits, and SOC report reviews. The role evaluates control design and effectiveness, documents audit findings, supports remediation, and advises stakeholders on technology risk across enterprise applications, infrastructure, and cloud environments.

Analyze complex trading positions and portfolios, perform stress tests and scenario analyses, develop risk methodologies and analytics, investigate incidents and limit breaches, and communicate actionable risk insights to traders and senior stakeholders. The role partners with quantitative researchers and engineers to improve trading risk tools, systems, processes, and frameworks.

Supports compliance governance, risk assessment, audit and exam activities, remediation tracking, dashboard governance, reporting, quality assurance, documentation, business continuity, and process improvement. The role partners with cross-functional stakeholders, facilitates governance meetings, communicates risk insights to leadership, and advocates for AI-enabled workflows using Google tools and related technologies.

Own credit risk policy optimization, limit-setting, experimentation, forecasting, and portfolio monitoring. Design A/B tests, build performance reporting and dashboards, identify emerging risks, and partner with Machine Learning, Product, Engineering, and Operations to improve risk models and customer outcomes. Monitor deployed model performance and translate analytical findings into actionable policy and product changes.

Analyzes third-party risk data, builds and maintains reports, identifies emerging risks and control gaps, and translates findings into actionable business intelligence. Coordinates multiple strategic and business-as-usual projects while collaborating with internal risk teams and business partners. The role requires stakeholder influence, cross-functional relationship building, and support for risk-informed enterprise decisions within the Operational Risk Management function.

Reviews and underwrites new merchant applications for KYC, AML, card-brand, processor, and regulatory compliance. Analyzes flagged transactions, merchant histories, and payment-processing statements to assess risk and recommend approvals or limits. Supports fraud detection and risk-management improvements, handles payment-related inquiries and escalations, and collaborates with internal teams and external partners.

Assess and manage financial risk (chargebacks) for enterprise merchants, improve risk management framework, lead cross-functional projects, advise credit risk committee, and collaborate with Product, Legal, and Commercial teams.

Analyze applicant and account data to support credit underwriting, fraud detection, portfolio monitoring, delinquency management, and collections strategies. Interpret business financial statements, banking data, and credit reports; build dashboards, behavioral segments, and performance cohorts; and evaluate credit product profitability, customer lifetime value, losses, and risk-adjusted returns. Communicate findings to influence risk management and product strategy.

Investigates complex, high-risk user business cases and makes evidence-based risk decisions in ambiguous situations. The role develops tailored mitigation strategies, collaborates with Risk, Legal, Compliance, Product, and partners, communicates findings to varied audiences, engages directly with users, identifies systemic trends, and improves processes, decision frameworks, documentation, playbooks, and tooling.

Leads operational risk management activities within the Second Line of Defense, including risk assessments, RCSAs, control monitoring and testing, issue management, remediation validation, governance reporting, and regulatory or audit support. The role independently challenges First Line practices, evaluates control effectiveness and residual risk, identifies emerging risks, communicates findings to stakeholders and governance committees, and helps enhance the organization’s operational risk framework.

Monitor and configure trade risk across FX/CFD accounts, investigate abnormal trading and client abuse, review suspicious accounts, and oversee live positions, margin, leverage, and execution settings. Build Python and SQL monitoring tools, dashboards, and investigation reports. Manage liquidity-bridge relationships, contribute to risk policies and controls, and respond to management and support requests.

Conduct independent validation of bank-wide statistical, econometric, mathematical, AI, machine learning, and qualitative models. Assess conceptual soundness, implementation accuracy, data integrity, governance, and performance through back testing, sensitivity analysis, scenario analysis, and benchmarking. Prepare validation reports, manage findings, support model governance and regulatory exams, collaborate with stakeholders, and improve validation processes through automation.

Own diligence and underwriting for institutional counterparties, recommend internal credit ratings and risk-based limits, monitor portfolio exposures, analyze asset volatility/liquidity for limit-setting, negotiate industry documentation, and collaborate with cross-functional teams to resolve complex client or product issues.

Reviews fraud appeals, high-risk transactions, pending payments, user behavior, and chargeback or representment cases. Matches payment and identity documentation, evaluates fraud risk across business lines, handles customer escalations, follows and updates SOPs, meets SLA and accuracy targets, and reports fraud trends to strategy teams. The role also supports blacklist releases, whitelisting, transaction approvals, and enforcement of policies across a global user base.

Detect and prevent fraudulent financial activity by monitoring transactions, investigating incidents, recording fraud losses, conducting root-cause analysis, improving controls, tracking emerging threats, supporting fraud-management infrastructure, and providing fraud-awareness training and guidance to business units.