Top Risk Analyst Jobs in Chicago, IL

Reviews and investigates fraud alerts, monitoring reports, and cases across accounts, cards, transactions, devices, and relationships. Identifies fraud patterns, documents findings, takes card actions, escalates suspicious or urgent activity to BSA/AML Operations, and maintains regulatory, quality, production, and SLA standards. Handles fraud-related cardholder calls and records all activity in Actimize and tracking spreadsheets.

Supports enterprise operational risk management, with primary responsibility for internal control testing and risk assurance. Performs control effectiveness testing, identifies and assesses operational risks, develops risk reporting for senior management, tracks issues, validates risk evaluations, and recommends control improvements. The role also supports risk mitigation programs, stakeholder relationships, committees, and continuous enhancement of the firm's operational risk framework.

Underwrite and monitor commercial credit facilities through financial statement analysis, due diligence, cash flow and DCF modeling, risk assessment, and portfolio management. Prepare credit packages for executive leadership, evaluate capital structures and asset risk coverage, maintain internal risk ratings, and improve credit analysis processes. Partner with stakeholders on workflow and system initiatives, conduct company and industry analysis, and train less experienced team members.

Leads enterprise risk assessments, develops risk models and mitigation strategies, maintains risk policies and frameworks, and reports risk profiles to leadership. Manages insurance policies, claims, compliance, controls, and risk-related training. Collaborates cross-functionally to identify control gaps, implement remediation plans, monitor risks, and promote organizational risk awareness.

Lead and support oversight of fintech partner audits within the Banking-as-a-Service program. Responsibilities include developing risk assessments, planning and coordinating audits, evaluating scopes and reports, tracking remediation, analyzing risk trends, supporting regulatory compliance, and collaborating with internal subject matter experts, partners, and audit firms. The role also contributes to process improvements, staff training, and recommendations to risk management leadership.

Develop and validate in-house margin models for single-name and index CDS, calibrate shocks using historical time series, prototype and test implementations, perform daily benchmarking/backtesting vs VaR and P/L, and support model documentation and Model Risk Management actions.

Perform customer due diligence and regulatory verification for client onboarding. Review onboarding packages, perform identity and sanctions screening, validate ownership and licenses, complete Payment Network checks, maintain client files, document exceptions, support Senior Compliance Managers, and improve SOPs to ensure compliant onboarding.

Lead credit analytics for the Send Now Pay Later product: build and own valuation and vintage models, manage credit policies, monitor portfolio health and NPL trends, integrate ML scorecards, and evaluate alternative data to optimize approvals and loss performance.

Lead credit analytics for the Send Now Pay Later product: build and maintain credit policies, valuation and NPV models, vintage analysis, executive reporting, model integration and testing, and alternative data integration to optimize approval rates and portfolio health.

Lead credit analytics for the Send Now Pay Later product: build and maintain credit policies, valuation and NPV models, vintage analysis, portfolio surveillance, executive reporting, model integration/testing, and alternative data exploration to optimize approval rates and manage portfolio risk.

Lead credit analytics for the Send Now Pay Later product: own portfolio health reporting, NPL trends, valuation and NPV models, vintage analysis, credit policy design, monitoring, model integration and testing, and alternative data exploration to optimize approval rates and loss performance.

Support fintech partner risk management across the Bank's BaaS portfolio: perform due diligence and risk assessments, monitor post-onboarding compliance, test controls, track remediation, liaise with internal teams and partners on financial-crimes and regulatory compliance, and maintain risk remediation roadmaps and reporting.

Supports the bank's Operational Risk Management program by performing risk assessments, identifying control gaps, monitoring internal controls and loss events, maintaining the GRC platform, drafting policies, preparing reports for management, and coordinating with business lines, ERM, IT, Compliance, and Audit.