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Counterparty Credit Risk Analyst Jobs in Illinois

DV Trading

Credit Risk Analyst

Chicago, IL

Lead Counterparty and Credit Risk Management practice at DV Trading by engaging business partners to perform diligence and credit risk analysis of clients, counterparties, and credit investments ...

DV Trading

Credit Risk Analyst

Chicago, IL · On-site

$150K - $200K/yr

Lead Counterparty and Credit Risk Management practice at DV Trading by engaging business partners to perform diligence and credit risk analysis of clients, counterparties, and credit investments ...

DV Trading

Credit Risk Analyst

Chicago, IL · On-site

$150K - $200K/yr

Lead Counterparty and Credit Risk Management practice at DV Trading by engaging business partners to perform diligence and credit risk analysis of clients, counterparties, and credit investments ...

RWE

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

Exempt The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA. Role Responsibilities: * Assess and monitor counterparty credit exposures, including payment, performance ...

RWE

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

Exempt The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA. Role Responsibilities: * Assess and monitor counterparty credit exposures, including payment, performance ...

Adyen

Credit Risk Analyst

Chicago, IL · On-site

$100K - $130K/yr

Credit Risk Analyst - Financial Products As a Credit Risk Analyst based in Chicago, you will be part of a growing team responsible for evaluating, managing, and scaling credit risk across Adyen ...

Adyen

Credit Risk Analyst

Chicago, IL · Hybrid

$100K - $130K/yr

Credit Risk Analyst - Financial Products As a Credit Risk Analyst based in Chicago, you will be part of a growing team responsible for evaluating, managing, and scaling credit risk across Adyen ...

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

Minimum - 3 Years Experience in credit risk analytics within financial services In Lieu of Education * 5 Years Experience in credit risk analytics within financial services Compensation & Benefits:

Alliant

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

Analyze data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Essential Responsibilities * Use data and analytics to develop analytical ...

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

Manage counterparty credit risk assessment and ongoing monitoring for clearing members. * Develop ... Expert quantitative skills in risk modeling, VaR, stress testing, scenario analysis, and back ...

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All JobsCounterparty Credit Risk Analyst JobsCounterparty Credit Risk Analyst Jobs in Illinois

Counterparty Credit Risk Analyst information

See Illinois salary details

$35.9K

$110.4K

$191.4K

How much do counterparty credit risk analyst jobs pay per year?

As of Aug 3, 2026, the average yearly pay for counterparty credit risk analyst in Illinois is $110,353.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,900.00 and $136,100.00 per year, depending on experience, location, and employer.

What is the difference between Counterparty Credit Risk Analyst vs Credit Risk Analyst?

AspectCounterparty Credit Risk AnalystCredit Risk Analyst
CredentialsTypically requires a degree in finance, economics, or related field; certifications like CFA or FRM are commonSimilar credentials; CFA or FRM preferred
Work EnvironmentFinancial institutions, investment banks, trading desksBanks, asset management firms, credit agencies
Industry UsageFocuses on assessing risks from specific counterparties in trading and derivativesBroader credit risk assessment across various portfolios

The main difference is that a Counterparty Credit Risk Analyst specializes in evaluating risks associated with specific counterparties, especially in trading and derivatives, while a Credit Risk Analyst assesses overall creditworthiness across multiple portfolios. Both roles require similar qualifications and are found in similar financial environments, but their focus areas differ.

How does a counterparty credit risk analyst typically interact with other teams within a financial institution?

Counterparty Credit Risk Analysts collaborate closely with teams such as trading, risk management, legal, and operations. They frequently consult with traders to understand transaction details and assess exposure, while also working with legal teams to review contracts and ensure adequate risk mitigations are in place. Regular communication with risk management colleagues helps ensure consistent risk assessment standards, and interactions with operations support accurate data flow and timely reporting. This cross-functional teamwork is essential for comprehensive risk evaluation and effective decision-making.

What is a counterparty credit risk analyst?

A Counterparty Credit Risk Analyst is a finance professional who evaluates and manages the risk that a counterparty (such as a bank, corporation, or trading partner) may default on financial obligations. They analyze creditworthiness, monitor exposures, and recommend risk mitigation strategies to protect their organization from potential losses. Their work is critical in areas like trading, lending, and derivatives, helping financial institutions make informed decisions and comply with regulatory requirements.

What are the key skills and qualifications needed to thrive as a counterparty credit risk analyst?

A Counterparty Credit Risk Analyst requires strong analytical skills, a background in finance or economics, and proficiency in risk assessment methodologies, often supported by a relevant degree or certifications such as CFA or FRM. Familiarity with risk management systems, financial modeling tools like Excel or Python, and industry databases is crucial. Attention to detail, effective communication, and problem-solving abilities help analysts interpret data and collaborate with stakeholders. These competencies are vital for accurately assessing credit exposures, minimizing losses, and supporting informed decision-making in financial institutions.
What are popular job titles related to Counterparty Credit Risk Analyst jobs in Illinois? For Counterparty Credit Risk Analyst jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Counterparty Credit Risk Analyst jobs in Illinois look for? The top searched job categories for Counterparty Credit Risk Analyst jobs in Illinois are:
Counterparty Credit Risk Analyst jobs near you
Infographic showing various Counterparty Credit Risk Analyst job openings in Illinois as of July 2026, with employment types broken down into 84% Full Time, 10% Part Time, and 6% Contract. Highlights an 92% In-person, and 8% Hybrid job distribution, with an average salary of $110,353 per year, or $53.1 per hour.

VP Counterparty Credit Risk Oversight

Wintrust

Rosemont, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 23 days ago

Wintrust rating

8.0

Company rating: 8.0 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

72nd of 170 rated banks

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol "WTFC."
Why join us?
  • An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years).
  • Competitive pay and discretionary or incentive bonus eligible.
  • Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few.
  • Promote from within culture.

Why join this team?
  • We foster an inclusive environment for an individual to grow and work independently.
  • Opportunity to interact with management level, experienced professionals - higher visibility.
  • Wintrust has a great culture that comes from the top down.
  • Gain experience and further your career by joining a growing organization.

Position Overview
Responsibility for the management of counterparty credit risk at Wintrust. Entails management of nonlending exposures to financial institutions, public sector entities, sovereigns and vendors. Position currently reports to the head of counterparty credit risk and insurance, but will ultimately have sole responsibility for the management of counterparty credit risk.
What You'll Do
  • Oversee the counterparty credit review process and supervise a team of credit analysts. Specifically, manage the credit analysis of financial institutions, sovereigns and vendors, including bulk reviews of insurance companies (life, P&C, mortgage), broker-dealers, sovereigns, and mortgage investors. Prepare annual credit reviews as needed. Maintain the department's credit review schedule and ensure limits and reviews are up to date. Monitor counterparty credit quality and exposure on an ongoing basis. Assess credit quality of vendors using Moody's and S&P models.
  • Ensure the credit risk management system (Moody's Credit Catalyst) continues to function properly, including the reporting of limit breaches, and that the system is updated as needed.
  • Interact with and provide support for a variety of internal business units, including Corporate Treasury, Capital Markets, International Banking, and Wintrust Mortgage. Coordinate CCR team's response to internal and external audits and to exercises led by other Corporate Risk Management teams, such as the completion of Risk & Control Self-Assessments.
  • Ensure that existing counterparties are scanned monthly for compliance with AML regulations (OFAC scanning).
  • Oversee the counterparty credit risk management framework and ensure corporate policies and operating procedures are reviewed and updated annually. Update internal credit risk rating matrices for financial institutions (banks, insurance companies, broker-dealers), corporates and sovereigns as needed.
  • Remain up to date on regulatory guidance and practices related to counterparty credit risk management and keep abreast of current trends in counterparty credit. Attend industry events as appropriate.
  • Assist in the development and regular updating of counterparty credit risk management reports and in the development, monitoring and reporting of appropriate counterparty credit risk appetite metrics and KRIs for inclusion in enterprise risk management reporting.

Qualifications
  • 7-10 years working within a first line commercial credit analysis team or performing second line counterparty credit risk oversight activities in an Enterprise Risk Management function at a financial institution with experience in financial statement analysis.
  • Knowledge of and experience with counterparty credit risk management practices, including knowledge of the banking industry and regulation pertaining to safety and soundness and counterparty credit risk management practices, including SR 11-10 (Interagency Supervisory Guidance on Counterparty Credit Risk Management).
  • Ability to analyze financial statements to identify credit risks and mitigants and to assess trends in capital adequacy, profitability, asset quality, and liquidity/funding management for a wide variety of counterparty types.
  • Strong knowledge of OTC capital markets products (swaps, FX, repo) and related credit concepts (MtM, PFE) and legal documentation (ISDA, CSA, MRA, etc.). Also, familiarity with commercial banking (credit lines, term loans and letters of credit) is desirable.
  • Excellent verbal and written communication skills. Must be highly organized and flexible with excellent time management skills.
  • Proven track record of establishing a proactive, constructive dialogue and partnering with professionals internally and externally.

Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated salary range for this role is $117,000-$185,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
#LI-ONSITE
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

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