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Community Development Banking Jobs in Illinois (NOW HIRING)

Fifth Third

Community Impact Manager II

Chicago, IL · On-site

$97 - $208/hr

Lead community development related activities as a visible representative of Fifth Third Bank in the community.* Identify and evaluate community and economic development partnerships and impact of ...

Fifth Third

Community Impact Manager II

Chicago, IL

Lead community development related activities as a visible representative of Fifth Third Bank in the community. * Identify and evaluate community and economic development partnerships and impact of ...

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Community Development Banking information

See Illinois salary details

$34.4K

$73.8K

$114.8K

How much do community development banking jobs pay per year?

As of Sep 6, 2026, the average yearly pay for community development banking in Illinois is $73,813.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,700.00 and $88,700.00 per year, depending on experience, location, and employer.

What is community development banking?

A Community Development Banking job focuses on providing financial services and investment to underserved communities, promoting economic growth and stability. Professionals in this field work with local businesses, nonprofits, and government agencies to support affordable housing, small business development, and community revitalization efforts. They help structure loans, grants, and other financial products tailored to meet the unique needs of low-income communities. Their goal is to increase financial inclusion and foster long-term economic sustainability.

What does a community development banking professional do?

Community Development Banking professionals typically work with local organizations, small businesses, and individuals to structure loans and financial solutions that support community revitalization and economic growth. Their day-to-day tasks may include evaluating loan applications, conducting outreach to identify development opportunities, and ensuring compliance with relevant regulations such as the CRA. They often collaborate with internal credit teams, nonprofit partners, and government agencies to advance community-focused projects. This role offers a dynamic mix of client interaction, financial analysis, and impact-driven work aimed at making a positive difference in the communities served.

What are the key skills and qualifications needed for community development banking?

To thrive in Community Development Banking, you need a background in finance, knowledge of community reinvestment laws, and experience with lending or credit analysis, often supported by a bachelor's degree in finance, economics, or a related field. Familiarity with loan origination systems, credit risk assessment tools, and Community Reinvestment Act (CRA) compliance software is typically required. Strong relationship-building, interpersonal communication, and problem-solving skills help individuals stand out in this field. These skills are crucial for effectively supporting under-served communities while managing financial risk and ensuring regulatory compliance.

What are popular job titles related to Community Development Banking jobs in Illinois?

For Community Development Banking jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Community Development Banking jobs in Illinois look for?

The top searched job categories for Community Development Banking jobs in Illinois are:

What cities in Illinois are hiring for Community Development Banking jobs?

Cities in Illinois with the most Community Development Banking job openings:

Community Development Banking jobs near you
Infographic showing various Community Development Banking job openings in Illinois as of August 2026, with employment types broken down into 5% Internship, 74% Full Time, and 21% Part Time. Highlights an 100% In-person job distribution, with an average salary of $73,813 per year, or $35.5 per hour.

Structured Finance Management - Commercial Real Estate, Community Development Banking - Associate

JPMorgan Chase & Co.

Chicago, IL • On-site

$90 - $120/hr

Other

Posted 24 days ago

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

78th of 175 rated banks

Job description

Join our successful team dedicated to investing in New Markets Tax Credits (NMTC) projects.

As a Structured Finance Management Associate in Community Development Banking, you will play a key role in managing the bank's New Markets Tax Credits (NMTC) and State Tax Credits initiatives. You will serve as the primary point of contact for Community Development Entities (CDEs) and project borrowers (QALICBs) following the closing of a New Markets Tax Credit transaction. Additionally, you will act as the business-side liaison between our clients and the internal groups that service our Tax Credit transactions. The ideal candidate will excel in a fast-paced, entrepreneurial environment, showcasing adaptability and keen attention to detail.

Job Responsibilities
  • Preparecredit approval documents for Community Development Tax Credit equity investments
  • Execute closing activities in partnership with project team members and internal stakeholders.
  • Assist in creating monthly, quarterly, and semi-annual investment reports.
  • Perform reporting of community development project impact and program reporting to the U.S. Treasury.
  • Maintain ticklers for internal and external reporting.
  • Assist in program compliance reviews and manage organizational tasks required during the closing of New Market Tax Credit investments.
  • Collaborate with QALICBs, CDEs, and lenders post-close to ensure accurate transaction flow during the 7-year compliance period.
  • Partner closely with the Project Team members, Chase Credit, and Legal on distressed projects
Required qualifications, skills, and capabilities
  • Minimum of 2 years experience in banking, lending, or credit.
  • Strong analytical and writing skills.
  • Excellent interpersonal, communication, and teamwork abilities.
  • Proficient in computer skills.
Preferred qualifications, skills, and capabilities
  • Bachelor's degree
  • Completion of a major corporate bank credit training program (or the equivalent corporate banking/corporate finance experience)

The final officer title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on candidate experience level.

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