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Chief Credit Risk Officer Jobs in Illinois (NOW HIRING)

Credit Risk Officers may participate in LOB deal screens to ensure engagement and provide early constructive feedback on opportunities. * Review periodic Bancorp credit quality reports to assess ...

... the Chief Credit Officer. This role is responsible for overseeing the credit analyst function, ensuring high-quality underwriting and risk assessment practices, and supporting the continued ...

AVP/Senior Credit Officer

Olney, IL · On-site

$115K - $125K/yr

... the Chief Credit Officer. This role is responsible for overseeing the credit analyst function, ensuring high-quality underwriting and risk assessment practices, and supporting the continued ...

AVP/Senior Credit Officer

Olney, IL · On-site

$115K - $125K/yr

... the Chief Credit Officer. This role is responsible for overseeing the credit analyst function, ensuring high-quality underwriting and risk assessment practices, and supporting the continued ...

The Chief Risk Officer will partner closely with second- and third-line functions, clearing members ... Oversee credit risk management of clearing members, settlement bank, and other counterparties ...

The Chief Risk Officer will partner closely with second- and third-line functions, clearing members ... Oversee credit risk management of clearing members, settlement bank, and other counterparties ...

AVP/Senior Credit Officer

Olney, IL · On-site

$115 - $125/hr

... the Chief Credit Officer. This role is responsible for overseeing the credit analyst function, ensuring high-quality underwriting and risk assessment practices, and supporting the continued ...

SVP Chief Credit Officer

Chicago, IL · On-site

$135K - $165K/yr

The Chief Credit Officer directs all aspects of credit risk management, underwriting, policy development, and portfolio oversight. This role is responsible to ensure the bank maintains high credit ...

SVP Chief Credit Officer

Chicago, IL · On-site

$135K - $165K/yr

The Chief Credit Officer directs all aspects of credit risk management, underwriting, policy development, and portfolio oversight. This role is responsible to ensure the bank maintains high credit ...

Chief Risk Officer

Chicago, IL · On-site

$259.25 - $320.25/hr

We are hiring a Chief Risk Officer to provide strategic leadership and oversight of the financial ... Oversee credit risk management of clearing members, settlement bank, and other counterparties ...

Apply Job Type: Full-time The Chief Credit Officer directs all aspects of credit risk management, underwriting, policy development, and portfolio oversight. This role is responsible to ensure the ...

Chief Risk Officer

Chicago, IL · On-site

$150 - $200/hr

Chief Risk Officer CFTC-Regulated Business Unit Location: Chicago, IL. Fully remote to start, transitioning to 3 days/week in office. About Smarkets Smarkets is a prediction market exchange for ...

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Chief Credit Risk Officer information

See Illinois salary details

$117.3K

$177.4K

$266K

How much do chief credit risk officer jobs pay per year?

As of Aug 29, 2026, the average yearly pay for chief credit risk officer in Illinois is $177,402.00, according to ZipRecruiter salary data. Most workers in this role earn between $145,400.00 and $203,500.00 per year, depending on experience, location, and employer.

What does a chief credit risk officer do?

A Chief Credit Risk Officer (CCRO) is responsible for overseeing and managing an organization’s credit risk exposure. They develop strategies, policies, and procedures to identify, measure, and mitigate risks related to lending and credit operations. The CCRO works closely with other executives to ensure that credit risks are aligned with the company’s overall risk appetite and regulatory requirements. Additionally, they monitor credit portfolios, assess loan quality, and implement risk management frameworks to protect the organization from potential losses.

What are the key skills and qualifications needed to thrive as a chief credit risk officer, and why are they important?

To thrive as a Chief Credit Risk Officer, you need deep expertise in credit risk assessment, portfolio management, and regulatory compliance, typically supported by a finance-related degree and significant experience in risk management. Familiarity with credit risk modeling tools, risk assessment systems, and relevant certifications such as FRM or CFA is highly valuable. Exceptional analytical thinking, strategic leadership, and strong communication skills distinguish top performers in this role. These competencies are crucial for protecting an organization's financial health, ensuring regulatory compliance, and guiding risk policy at the executive level.

How does a chief credit risk officer typically collaborate with other departments to manage and mitigate risk?

A Chief Credit Risk Officer (CCRO) works closely with teams across the organization, including lending, compliance, finance, and operations, to develop and enforce risk management strategies. They regularly consult with business unit leaders to assess emerging risks and ensure that credit policies align with the company's overall objectives. The CCRO often leads cross-functional committees, conducts risk reviews, and advises on large credit decisions to maintain a balanced risk portfolio. This collaborative approach helps promote a strong risk culture and ensures that risk considerations are integrated into business planning and decision-making processes.

What is the difference between Chief Credit Risk Officer vs Credit Analyst?

AspectChief Credit Risk OfficerCredit Analyst
CredentialsTypically requires advanced degrees (MBA, Finance) and extensive experience in credit risk managementUsually holds a bachelor's degree in finance, economics, or related fields; certifications like CFA are common
Work EnvironmentStrategic, leadership-focused role overseeing credit risk policies at the organizational levelAnalytical role focused on assessing individual credit applications and risk profiles
Employer & Industry UsageUsed in banking, financial services, and large lending institutionsCommon across banks, credit agencies, and lending firms

The Chief Credit Risk Officer and Credit Analyst roles differ mainly in scope and seniority. The Chief Credit Risk Officer oversees the entire credit risk management strategy, requiring extensive experience and leadership skills. In contrast, the Credit Analyst focuses on evaluating specific credit applications, with a more analytical and operational focus. Both roles are essential in credit risk management but serve different levels within an organization.

What are popular job titles related to Chief Credit Risk Officer jobs in Illinois?

For Chief Credit Risk Officer jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Chief Credit Risk Officer jobs in Illinois look for?

The top searched job categories for Chief Credit Risk Officer jobs in Illinois are:

What cities in Illinois are hiring for Chief Credit Risk Officer jobs?

Cities in Illinois with the most Chief Credit Risk Officer job openings:

Infographic showing various Chief Credit Risk Officer job openings in Illinois as of August 2026, with employment types broken down into 90% Full Time, and 10% Part Time. Highlights an 99% Physical, and 1% Remote job distribution, with an average salary of $177,402 per year, or $85.3 per hour.

Chief Credit Officer: Strategic Credit & Risk Leader (Elgin)

Pivotal Solutions

Elgin, IL • On-site

Full-time

This job post has expired 1 day ago. Applications are no longer accepted.


Job description

A financial services company in the Greater Chicago Area is seeking a Chief Credit Officer (CCO) to oversee all aspects of credit operations. This full-time, on-site role involves managing credit risk, developing credit policies, and ensuring compliance. The ideal candidate will have expertise in credit management and a strong background in finance, with at least 10 years of experience in the banking industry. Exceptional leadership and analytical skills are required to drive effective credit strategies that support community banking values.
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