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Credit Portfolio Risk Manager Jobs in Illinois (NOW HIRING)

Northern Trust

Credit Portfolio Manager

Chicago, IL · On-site

$67K - $111K/yr

Manages credit risk for a portfolio of commercial credit clients and monitors loan performance to ensure that loan quality adheres to guidelines. * Supports Relationship Managers through financial ...

Northern Trust

Credit Portfolio Manager

Chicago, IL · On-site

$67K - $111K/yr

Manages credit risk for a portfolio of commercial credit clients and monitors loan performance to ensure that loan quality adheres to guidelines. * Supports Relationship Managers through financial ...

Northern Trust

Credit Portfolio Manager

Chicago, IL · On-site

$67K - $111K/yr

Manages credit risk for a portfolio of commercial credit clients and monitors loan performance to ensure that loan quality adheres to guidelines. * Supports Relationship Managers through financial ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... Perform portfolio reviews and evaluate potential exposures * Co-Lead the Credit Risk Committee with ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... Perform portfolio reviews and evaluate potential exposures * Co-Lead the Credit Risk Committee with ...

DV Trading

Credit Risk Manager

Chicago, IL

$150K - $200K/yr

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... Perform portfolio reviews and evaluate potential exposures * Co-Lead the Credit Risk Committee with ...

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All JobsCredit Portfolio Risk JobsCredit Portfolio Risk Manager JobsCredit Portfolio Risk Manager Jobs in Illinois

Credit Portfolio Risk Manager information

See Illinois salary details

$83.8K

$153.4K

$232.1K

How much do credit portfolio risk manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for credit portfolio risk manager in Illinois is $153,408.00, according to ZipRecruiter salary data. Most workers in this role earn between $129,400.00 and $172,000.00 per year, depending on experience, location, and employer.

What cities in Illinois are hiring for Credit Portfolio Risk Manager jobs?

Cities in Illinois with the most Credit Portfolio Risk Manager job openings:

Credit Portfolio Risk Manager jobs near you
Infographic showing various Credit Portfolio Risk Manager job openings in Illinois as of August 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $153,408 per year, or $73.8 per hour.

Manager, Credit Risk & Portfolio Analytics

Artius Solutions

Chicago, IL • On-site

Full-time

Re-posted 11 days ago

Job description

Manager, Credit Risk & Portfolio Analytics

Location: Chicago, IL (Hybrid)
Employment Type: Full-Time

Overview

Our client, a large and well-established financial services organization based in Chicago, is seeking a Manager, Markets Credit to lead credit risk oversight across mortgage-related assets and fixed income investment portfolios.

This role will manage a team responsible for developing and maintaining credit risk models, performing scenario analysis and stress testing, and monitoring portfolio risk trends. The position will also collaborate closely with cross-functional teams to support investment strategies, product development initiatives, and regulatory compliance efforts.

The ideal candidate is a strong analytical leader with experience in credit risk modeling, mortgage or structured finance exposure, and a track record of leading high-performing analytical teams.

Key ResponsibilitiesCredit Risk Oversight

  • Oversee the monitoring and analysis of credit risk exposures within mortgage-related and investment portfolios.

  • Identify emerging risk trends and provide insights into portfolio performance and risk concentrations.

  • Ensure risk management frameworks support sound portfolio management and investment decision-making.

Credit Modeling & Analytics

  • Lead the development and maintenance of credit risk models including prepayment, default, and loss forecasting models.

  • Manage model assumptions, calibration, validation support, and performance monitoring.

  • Conduct model back-testing and benchmarking to evaluate model effectiveness and recommend improvements.

  • Design analytical tools and risk frameworks to evaluate credit enhancement adequacy and portfolio resilience.

Stress Testing & Scenario Analysis

  • Lead scenario analysis and macroeconomic stress testing across mortgage and investment portfolios.

  • Evaluate portfolio sensitivity to changing market conditions and economic variables.

  • Present findings and recommendations to senior stakeholders.

Regulatory & Governance Collaboration

  • Partner with model validation teams, internal audit, and regulatory stakeholders to ensure models and processes meet governance requirements.

  • Support regulatory reporting and model documentation standards.

Data & Process Innovation

  • Identify opportunities to enhance risk monitoring through advanced analytics, automation, and improved data infrastructure.

  • Lead initiatives that improve analytical efficiency and portfolio risk transparency.

Team Leadership & Stakeholder Collaboration

  • Lead and develop a team of credit risk analysts and quantitative professionals.

  • Provide mentorship, performance management, and guidance on analytical methodologies.

  • Build strong partnerships with internal teams including finance, treasury, operations, legal, and risk management.

QualificationsEducation

  • Bachelor’s degree in Mathematics, Finance, Economics, Statistics, Computer Science, or a related quantitative discipline

  • Master’s degree preferred

Certifications (Preferred)

  • CFA or FRM designation or candidacy

Experience

  • 5+ years of experience in credit risk modeling, quantitative analytics, or financial risk management

  • 2+ years of people management experience

  • Experience working with mortgage assets, fixed income securities, or structured finance portfolios

Technical Skills

  • Strong experience developing predictive statistical models and analytical frameworks

  • Proficiency with SQL, Python, or R

  • Experience with business intelligence and analytics tools such as Tableau or Alteryx

  • Strong data analysis and modeling capabilities

Risk & Regulatory Knowledge

  • Familiarity with credit risk management frameworks and model governance

  • Experience supporting model validation, regulatory reviews, or audit processes

  • Understanding of mortgage lending, underwriting, or servicing processes is a plus

Leadership & Communication

  • Ability to lead and develop analytical teams

  • Strong stakeholder communication and presentation skills

  • Ability to translate complex analytical findings into actionable insights for business leaders

  • Strong problem-solving and critical thinking skills

.