Risk Analyst

Control Risks is looking to hire a Risk Analyst to be a part of our Embedded Consulting Services model, supporting a Fortune 50 technology client based in Chicago, IL. This role will directly support the client’s Enterprise Risk Management efforts, with a strong emphasis on fintech, payments, and technology-related risk.

The Risk Analyst will operate as an integrated member of the client’s risk organization, executing enterprise and domain-specific risk assessments and providing clear, actionable insights to stakeholders across the business. The role requires a high degree of independence, strong analytical capability, and the ability to translate complex risk concepts into decision-ready outputs.

• Execute end-to-end risk assessments aligned to established risk assessment methodologies and frameworks, ensuring consistency and completeness.
• Operate independently with minimal supervision, including proactively identifying required work, planning assessment activities, managing timelines, and driving follow-ups to closure.
• Support Enterprise Risk Management (ERM) activities, including documenting risks, reviewing action plans and supporting evidence, tracking mitigation progress, and maintaining KRIs/KPIs.
• Develop and recommend qualitative and quantitative risk assessment methodologies, including risk weighting, aggregation approaches, and enterprise-level risk reporting.
• Produce risk reporting and analysis, including visual data representations, charts, dashboards, and executive-ready slide decks.
• Partner with cross-functional stakeholders, including product teams, to ensure risk assessments align with business strategy, objectives, and product development priorities.
• Conduct assessments across multiple risk domains, including Financial, Operational, Compliance, and Strategic risk.
• Support the development, maintenance, and continuous improvement of risk assessment documentation, procedures, and frameworks.
• Provide risk assessment training and guidance to stakeholders to promote consistency and adoption of risk methodologies.

Requirements

• 5-7+ years of professional experience in risk management, enterprise risk, operational risk, compliance risk, or a related discipline.

• Demonstrated hands-on experience executing risk assessments, including risk identification, scoring, mitigation tracking, and residual risk evaluation.
• Strong understanding of risk assessment methodologies and frameworks, with the ability to apply them pragmatically in a fast-paced environment.
• Excellent written and verbal communication skills, with the ability to clearly convey complex risk concepts to non-technical and senior stakeholders.
• Strong analytical and problem-solving skills, with the ability to synthesize complex data into actionable insights.
• Proven ability to manage multiple priorities simultaneously, with strong attention to detail and organizational discipline.
• Demonstrated proactiveness and ownership, particularly in managing follow-ups and ensuring timely resolution of open items.
• Ability to work both independently and collaboratively within cross-functional teams.

Preferred Experience

• Risk management experience within fintech, payments, or technology organizations.
• Experience working closely with product teams and familiarity with product development lifecycles, particularly for payment products and services.
• Background in financial services or payments-related risk.
• Exposure to emerging technologies and associated risk considerations, including artificial intelligence (AI), model risk management, or AI risk management frameworks (e.g., NIST).

Benefits

• Control Risks offers a competitively positioned compensation and benefits package that is transparent and summarized in the full job offer.
• We operate a discretionary bonus scheme that incentivizes, and rewards individuals based on company and individual performance.
• Control Risks supports hybrid working arrangements, wherever possible, that emphasize the value of in-person time together - in the office and with our clients - while continuing to support flexible and remote working.
• Control Risks offers a competitively positioned compensation and benefits package that is transparent and summarized in the full job offer.
• Medical Benefits, Prescription Benefits, FSA, Dental Benefits, Vision Benefits, Life and AD&D, Voluntary Life and AD&D, Disability Benefits, Voluntary Benefits, 401 (K) Retirement, Nationwide Pet Insurance, Employee Assistance Program.
• As an equal opportunities employer, we encourage suitably qualified applicants from a wide range of backgrounds to apply and join us and are fully committed to equal treatment, free from discrimination, of all candidates throughout our recruitment process.

The base salary range for this position is $110000-$130000 per year. Exact compensation offered may vary depending on job-related knowledge, skills, and experience.

Control Risks is committed to a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age or veteran status. If you require any reasonable adjustments to be made in order to participate fully in the interview process, please let us know and we will be happy to accommodate your needs.

Control Risks participates in the E-Verify program to confirm employment authorization of all newly hired employees. The E-Verify process is completed during new hire onboarding and completion of the Form I-9, Employment Eligibility Verification, at the start of employment. E-Verify is not used as a tool to pre-screen candidates. For more information on E-Verify, please visit