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

DV Trading

Credit Risk Manager

Chicago, IL

$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 Manager

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 Manager

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 ...

Quiet Capital

Financial Risk Lead

Chicago, IL · On-site

$200 - $215/hr

Own Counterparty, Credit, and Market Risk * Build the counterparty risk framework covering securities lending, clearing and settlement counterparties, banking relationships, and partner credit ...

DriveWealth

Financial Risk Lead

Chicago, IL · On-site

Own Counterparty, Credit, and Market Risk * Build the counterparty risk framework covering securities lending, clearing and settlement counterparties, banking relationships, and partner credit ...

ElectronX

Head of Risk

Chicago, IL · On-site

$150 - $250/hr

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

DRiV

Insurance Risk Manager

Skokie, IL · On-site

Partner with Treasury on financial risk management initiatives, including counterparty credit risk, banking risk assessments, and treasury operational risk. * Support Treasury governance initiatives ...

DRiV

Insurance Risk Manager

Skokie, IL · Hybrid

Partner with Treasury on financial risk management initiatives, including counterparty credit risk, banking risk assessments, and treasury operational risk. * Support Treasury governance initiatives ...

3M HEALTHCARE

Senior Financial Risk Analyst

Chicago, IL · On-site

$111 - $130/hr

... and counterparty credit risks for the Treasury function * Collaborate with Finance and Product ... Solid grounding in financial risk methodologies including Value‑at‑Risk, stress testing ...

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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 Aug 30, 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 is counterparty credit risk?

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 does a counterparty credit risk professional do?

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 skills and qualifications are needed to thrive in counterparty credit risk?

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 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
Infographic showing various Counterparty Credit Risk job openings in Chicago, IL as of August 2026, with employment types broken down into 83% Full Time, 16% Part Time, and 1% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $112,609 per year, or $54.1 per hour.

Credit Risk Manager

Chicago, IL

DV Trading
Finance and Insurance • 201 - 500 employees
Learn more about DV Tradingexternal

$150K - $200K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Job description

About Us:

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.

Overview:

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management function by evaluating clients, counterparties, and credit investments while identifying, measuring, and mitigating risk across the firm's global trading activities. This role will partner closely with senior leadership to enhance the firm's credit risk framework, deliver actionable risk insights, and support strategic decision-making as DV continues to expand its products and markets.

Responsibilities:
  • 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 (such as corporate bonds or loans)
  • Own and develop a Credit Risk framework and advise senior leadership on our evolving trading business and strategic oversight to develop leading risk metrics and appropriately measure and manage emerging risks and products
  • Recommend internal credit risk ratings based on a firmwide model and prepare written assessments to substantiate the periodic credit review for rating upgrades/downgrades
  • Perform portfolio reviews and evaluate potential exposures
  • Co-Lead the Credit Risk Committee with the CFO and CRO by preparing materials that clearly communicate Counterparty and Credit Risk Analytics to senior management by building your own data, metrics, trends, and recommendations
Requirements:
  • Minimum of 5 years of experience in counterparty or credit risk management with a preference for experience in the proprietary trading industry
  • Preference for prior experience in credit risk for analyzing commodities producers/consumers, digital assets, and financial institutions
  • Confidence to resolve complex client challenges or learn new products by collaborating with business partners
  • Strong proficiency in Microsoft Office Suite, SQL, Python, data visualization tools
  • Excellent cross-functional collaboration skills, including navigating leadership and interpersonal working relationships

Benefits:

  • Discretionary bonus eligibility
  • Medical, dental, and vision insurance
  • HSA, FSA, and Dependent Care Options
  • Employer Paid Group Term Life and AD&D insurance
  • Voluntary LTD, Life & AD&D insurance
  • Flexible Vacation policy
  • Retirement plan with employer match

DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.

The range below reflects the expected base salary for this position. It represents a good-faith estimate of the base pay we anticipate offering, with actual compensation determined by your experience, education, skills, and performance throughout the interview process. This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading's benefits package, including the benefits listed above.

Base Salary Range
$150,000—$200,000 USD

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