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Counterparty Credit Risk Jobs in Chicago, IL (NOW HIRING)

RWE

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

Assess and monitor counterparty credit exposures, including payment, performance, and supplier ... Support credit risk initiatives and internal reporting through accurate data collection and ...

RWE

Credit Risk Associate

Chicago, IL

$73K - $100K/yr

Assess and monitor counterparty credit exposures, including payment, performance, and supplier ... Support credit risk initiatives and internal reporting through accurate data collection and ...

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

Manage counterparty credit risk assessment and ongoing monitoring for clearing members. * Develop position limits, concentration risk policies, and large trader surveillance. * Build default fund ...

Achieve

VP, Capital Markets

Chicago, IL · On-site

... counterparty over-concentration. * Warehouse Lines: Expand and diversify a bank roster with ... Partner closely with Credit Risk to ensure credit box alignment with forward flow eligibility ...

Achieve

VP, Capital Markets

Chicago, IL · On-site +1

... counterparty over-concentration. * Warehouse Lines: Expand and diversify a bank roster with ... Partner closely with Credit Risk to ensure credit box alignment with forward flow eligibility ...

RELX Group plc

Senior Product Manager

Chicago, IL · On-site

$115K - $192K/yr

... Credit Risk mitigation, Payment efficiency and Customer Data Management. An organization that has ... About the Team Within our Counterparty KYC and Payments portfolio, we develop solutions that ...

LexisNexis

Senior Product Manager

Chicago, IL · On-site

$115K - $192K/yr

... Credit Risk mitigation, Payment efficiency and Customer Data Management. An organization that has ... About the Team Within our Counterparty KYC and Payments portfolio, we develop solutions that ...

RELX

Senior Product Manager

Chicago, IL · On-site

$115K - $192K/yr

... Credit Risk mitigation, Payment efficiency and Customer Data Management. An organization that has ... About the Team Within our Counterparty KYC and Payments portfolio, we develop solutions that ...

Alpaca

Securities Finance Analyst

Chicago, IL · On-site +1

Assess and manage counterparty, credit, and market risk while staying informed of market developments and regulatory changes. * Work with existing and new securities lending vendors on product ...

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Showing results 1-20

All JobsCounterparty Credit Risk JobsCounterparty Credit Risk Jobs in Chicago, IL

Counterparty Credit Risk information

See Chicago, IL salary details

$51.5K

$112.6K

$188.5K

How much do counterparty credit risk jobs pay per year?

As of Jul 19, 2026, the average yearly pay for counterparty credit risk in Chicago, IL is $112,609.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,300.00 and $146,300.00 per year, depending on experience, location, and employer.

What are the typical daily responsibilities of someone working in Counterparty Credit Risk?

Professionals in Counterparty Credit Risk spend their days analyzing the creditworthiness of clients, assessing exposures, and monitoring limits to minimize potential losses. They frequently review financial statements, assign credit ratings, and collaborate with front office, legal, and operations teams to structure deals and set terms. Ongoing responsibilities may also include preparing risk reports, presenting findings to risk committees, and staying informed about market events that could impact counterparties. This role combines independent analysis with close teamwork and cross-departmental communication, making it dynamic and integral to risk management in financial institutions.

What are the key skills and qualifications needed to thrive in the Counterparty Credit Risk position, and why are they important?

To thrive in Counterparty Credit Risk, you need a strong background in financial analysis, quantitative modeling, and risk assessment, typically supported by a degree in finance, mathematics, or a related field. Familiarity with credit risk modeling tools such as Moody’s RiskCalc, SAS, and advanced proficiency in Excel and SQL is highly valued, alongside relevant certifications like FRM or CFA. Strong analytical thinking, attention to detail, and clear communication skills set top professionals apart. These abilities are crucial for accurately assessing counterparties’ creditworthiness, mitigating financial risks, and supporting sound decision-making in fast-paced financial markets.

What is a Counterparty Credit Risk job?

A Counterparty Credit Risk job involves assessing and managing the credit exposure a financial institution faces from its counterparties, such as banks, hedge funds, and corporations. Professionals in this role analyze the creditworthiness of counterparties, set risk limits, and monitor exposures to mitigate potential losses. They use quantitative models and market data to assess risks in trading, lending, and derivative transactions. The role requires strong analytical skills, knowledge of financial markets, and an understanding of regulatory requirements.

What are popular job titles related to Counterparty Credit Risk jobs in Chicago, IL? For Counterparty Credit Risk jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Counterparty Credit Risk jobs in Chicago, IL look for? The top searched job categories for Counterparty Credit Risk jobs in Chicago, IL are:
Counterparty Credit Risk jobs near you
VP Counterparty Credit Risk Oversight

VP Counterparty Credit Risk Oversight

Wintrust

Rosemont, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 7 days ago

Wintrust rating

8.0

Company rating: 8.0 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

58th of 149 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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