Risk Analyst

Control Risks•Chicago, IL

1d•$110,000 - $130,000•Hybrid

About The Position

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.

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.

Nice To Haves

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).

Responsibilities

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.