Risk Compliance Analyst Visa Sponsorship Jobs in Illinois
Illinois is a major hub for risk compliance analyst roles, with concentrated hiring across Chicago's financial district, insurance corridor, and large healthcare systems. Employers like JPMorgan Chase, Northern Trust, Allstate, and Abbott Laboratories have sponsored international candidates for compliance-focused positions. Chicago's density of regulated industries makes it one of the stronger markets for visa sponsorship in this field.
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The Group:
The Information Security department is responsible for setting enterprise security policies and standards that are designed to protect the confidentiality, integrity and availability of Morningstar information. The security team offers guidance and technical expertise in areas like application security, policies and procedures, disaster recovery and compliance/regulation. We analyze emerging security threats and conduct risk and vulnerability assessments to ensure that our information remains secure.
The Role:
The Information Security Team is looking for a Senior Analyst Third-Party Vendor Risk Analyst to join the IT Compliance Team. The Senior Third-Party Vendor Risk Analyst will help shape the Information Security Team’s third party vendor risk management program. This individual will serve as a subject matter expert for third party vendor risk management, perform vendor risk assessments, propose updates to expand the program’s capabilities, increase participation in the program and drive process improvements. This position is based in either our Chicago or Toronto office.
Responsibilities:
- Partner with the business to execute vendor risk assessments
- Monitor internal SLAs to ensure we provide timely service to our internal stakeholders
- Serve as a subject matter expert for security vendor risk management
- Collaborate with the procurement department and other internal stakeholders to improve and expand the vendor risk management program
- Review third party security documents (SOC2, security policies, data flow diagrams, etc.)
- Perform contract reviews of proposed changes to security requirements in our third party contracts
- Liaise with third party vendors as required
Requirements
- A bachelor’s degree and 5+ years’ experience include 3+ in a vendor risk related role
- Experience serving as the subject matter expert for security vendor due diligence
- Experience performing contract review of security terms
- Familiarity with common compliance standards (SOX, SOC2, PCI-DSS, GDPR etc.)
- Familiarity with security frameworks (ISO 27001, NIST, etc.) and general security concepts
- Strong organizational skills and the ability to multitask and switch priorities with short notice
- Strong business analysis, research and analytical skills
- Excellent communication skills
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
- Financial Health
- 100% 401k match up to 6% of salary
- Stock Ownership Potential
- Company provided life insurance - 1x salary + commission
- Physical Health
- Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
- Additional medical Wellness Incentives - up to $300-$600 annual
- Company-provided long- and short-term disability insurance
- Emotional Health
- Trust-Based Time Off
- 6-week Paid Sabbatical Program
- 6-Week Paid Family Caregiving Leave
- Competitive 8-24 Week Paid Parental Leave
- Adoption Assistance
- Leadership Coaching & Formal Mentorship Opportunities
- Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
- Tuition Reimbursement
- Social Health
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15+ Employee Resource & Affinity Groups
Total Cash Compensation Range
$114,100.00 - 193,975.00 USD Annual Inclusive of annual base salary and target incentive
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

The Group:
The Information Security department is responsible for setting enterprise security policies and standards that are designed to protect the confidentiality, integrity and availability of Morningstar information. The security team offers guidance and technical expertise in areas like application security, policies and procedures, disaster recovery and compliance/regulation. We analyze emerging security threats and conduct risk and vulnerability assessments to ensure that our information remains secure.
The Role:
The Information Security Team is looking for a Senior Analyst Third-Party Vendor Risk Analyst to join the IT Compliance Team. The Senior Third-Party Vendor Risk Analyst will help shape the Information Security Team’s third party vendor risk management program. This individual will serve as a subject matter expert for third party vendor risk management, perform vendor risk assessments, propose updates to expand the program’s capabilities, increase participation in the program and drive process improvements. This position is based in either our Chicago or Toronto office.
Responsibilities:
- Partner with the business to execute vendor risk assessments
- Monitor internal SLAs to ensure we provide timely service to our internal stakeholders
- Serve as a subject matter expert for security vendor risk management
- Collaborate with the procurement department and other internal stakeholders to improve and expand the vendor risk management program
- Review third party security documents (SOC2, security policies, data flow diagrams, etc.)
- Perform contract reviews of proposed changes to security requirements in our third party contracts
- Liaise with third party vendors as required
Requirements
- A bachelor’s degree and 5+ years’ experience include 3+ in a vendor risk related role
- Experience serving as the subject matter expert for security vendor due diligence
- Experience performing contract review of security terms
- Familiarity with common compliance standards (SOX, SOC2, PCI-DSS, GDPR etc.)
- Familiarity with security frameworks (ISO 27001, NIST, etc.) and general security concepts
- Strong organizational skills and the ability to multitask and switch priorities with short notice
- Strong business analysis, research and analytical skills
- Excellent communication skills
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
- Financial Health
- 100% 401k match up to 6% of salary
- Stock Ownership Potential
- Company provided life insurance - 1x salary + commission
- Physical Health
- Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
- Additional medical Wellness Incentives - up to $300-$600 annual
- Company-provided long- and short-term disability insurance
- Emotional Health
- Trust-Based Time Off
- 6-week Paid Sabbatical Program
- 6-Week Paid Family Caregiving Leave
- Competitive 8-24 Week Paid Parental Leave
- Adoption Assistance
- Leadership Coaching & Formal Mentorship Opportunities
- Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
- Tuition Reimbursement
- Social Health
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15+ Employee Resource & Affinity Groups
Total Cash Compensation Range
$114,100.00 - 193,975.00 USD Annual Inclusive of annual base salary and target incentive
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
Risk Compliance Analyst Job Roles in Illinois
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Search Risk Compliance Analyst Jobs in IllinoisRisk Compliance Analyst Jobs in Illinois: Frequently Asked Questions
Which companies sponsor visas for risk compliance analysts in Illinois?
Chicago-based financial institutions and insurance firms are the most active sponsors. JPMorgan Chase, Northern Trust, BMO Harris, and Discover Financial have filed H-1B petitions for compliance analyst roles. Outside finance, large employers like Abbott Laboratories, Allstate, and United Airlines also sponsor international candidates in risk and compliance functions. Consulting firms with Illinois offices, including Deloitte and Accenture, round out the sponsoring employer pool.
Which visa types are most common for risk compliance analyst roles in Illinois?
The H-1B is the most common visa for risk compliance analysts in Illinois, as the role typically requires a bachelor's degree in finance, business, accounting, or a related field, qualifying it as a specialty occupation. Candidates already holding an F-1 visa may work under OPT or STEM OPT before an employer files an H-1B petition. The L-1B is an option for compliance professionals transferring within a multinational employer's organization.
Which cities in Illinois have the most risk compliance analyst sponsorship jobs?
Chicago accounts for the overwhelming majority of risk compliance analyst sponsorship jobs in Illinois. The Loop and surrounding financial district concentrate banking, insurance, and asset management employers that regularly sponsor international hires. Suburban areas including Deerfield, Abbott Park, and Schaumburg host large corporate headquarters in healthcare and insurance that also hire compliance professionals. Outside the Chicago metro area, sponsorship opportunities are limited.
How to find risk compliance analyst visa sponsorship jobs in Illinois?
Migrate Mate filters job listings specifically by visa sponsorship availability, making it straightforward to search for risk compliance analyst roles in Illinois without sorting through positions that don't sponsor. You can narrow results by location and role type to focus on Chicago-area employers in finance, insurance, and healthcare. Because sponsoring employers in Illinois are concentrated in specific industries, using a targeted platform like Migrate Mate saves significant time in the search process.
Are there state-specific considerations for risk compliance analysts seeking sponsorship in Illinois?
Illinois employers sponsoring H-1B workers must pay the prevailing wage for the Chicago metropolitan area, which is determined by the Department of Labor's wage data for the relevant occupation and experience level. Chicago's concentration of federally regulated industries, including banking, derivatives trading, and insurance, means compliance roles often require familiarity with SEC, FINRA, OCC, or state IDFPR regulations. Candidates with degrees from Illinois universities like University of Chicago, Northwestern, or University of Illinois also benefit from established local employer recruiting pipelines.
What is the prevailing wage for sponsored risk compliance analyst jobs in Illinois?
U.S. employers sponsoring a visa must pay at least the prevailing wage, which is what workers in the same role, area, and experience level typically earn. The Department of Labor sets this rate to make sure companies aren't hiring foreign workers simply because they'd accept lower pay than a U.S. worker. It varies by job title, location, and experience. You can look up current prevailing wage rates for any occupation and location using the OFLC Wage Search page.
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