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Credit Risk Associate Salary Jobs in Chicago, IL

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 ... Base Salary Range $150,000--$200,000 USD

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 ... Base Salary Range $150,000-$200,000 USD

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 ... The base salary for this role in Chicago is: $100,000.00-$130,000.00. The Total Compensation ...

Wintrust

VP, Credit Risk Oversight

Rosemont, IL

$117K - $150K/yr

Position Overview The Credit Risk Oversight Specialist is part of the Credit Risk Oversight Team ... Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and ...

Wintrust

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Position Overview The Credit Risk Oversight Specialist is part of the Credit Risk Oversight Team ... Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and ...

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Credit Risk Associate Salary information

See Chicago, IL salary details

$51.5K

$112.6K

$188.5K

How much do credit risk associate salary jobs pay per year?

As of Sep 7, 2026, the average yearly pay for credit risk associate salary 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 the average salary for a credit risk associate?

The average salary for a Credit Risk Associate in the United States typically ranges from $70,000 to $100,000 per year, depending on factors such as experience, location, and the size of the employer. Entry-level positions may start around $60,000, while those with several years of experience or in major financial centers like New York City can earn over $110,000. Bonuses and additional compensation may also be offered, especially at larger banks or financial firms.

What are the key skills and qualifications needed to thrive as a credit risk associate, and why are they important?

To thrive as a Credit Risk Associate, you need strong analytical skills, financial acumen, and a degree in finance, economics, or a related field. Familiarity with financial modeling tools, risk assessment software, and proficiency in Excel or SQL are typically required. Attention to detail, effective communication, and problem-solving abilities help professionals stand out in this position. These skills are crucial for evaluating creditworthiness, mitigating risk, and supporting sound lending decisions in financial institutions.

What are the typical career advancement opportunities for a credit risk associate within the financial industry?

As a Credit Risk Associate, you can expect clear pathways for career progression, often advancing to Senior Associate, Credit Risk Manager, or specialized roles within risk management. Many organizations offer mentorship, training, and rotational programs to help associates develop analytical and decision-making skills needed for more senior positions. Advancement is typically based on demonstrated expertise in assessing creditworthiness, collaborating effectively with cross-functional teams, and managing increasingly complex portfolios. Proactive engagement in professional development and taking on challenging projects can accelerate your growth within this field.

What is the difference between Credit Risk Associate Salary vs Credit Analyst Salary?

AspectCredit Risk AssociateCredit Analyst
Required CredentialsBachelor's degree, certifications like CFA or credit risk coursesBachelor's degree, certifications like CFA or financial analysis courses
Work EnvironmentFinancial institutions, risk management teamsBanks, lending institutions, financial services
Employer & Industry UsageUsed in risk management roles within financeCommon in credit analysis and lending departments

Both roles often require similar educational backgrounds and certifications, and they operate within financial institutions. While Credit Risk Associates focus on assessing and managing risk exposure, Credit Analysts primarily evaluate creditworthiness of clients. Salary differences depend on experience and location but generally remain comparable within the finance industry.

What does a credit risk associate do?

A credit risk associate evaluates the creditworthiness of individuals or businesses to determine the likelihood of default on loans or credit agreements. They analyze financial statements, credit reports, and market data, often using risk assessment tools and models, to support lending decisions and manage credit portfolios.

What are popular job titles related to Credit Risk Associate Salary jobs in Chicago, IL?

For Credit Risk Associate Salary jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Credit Risk Associate Salary jobs in Chicago, IL look for?

The top searched job categories for Credit Risk Associate Salary jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Credit Risk Associate Salary jobs?

Cities near Chicago, IL with the most Credit Risk Associate Salary job openings:

Credit Risk Associate Salary jobs near you
Infographic showing various Credit Risk Associate Salary job openings in Chicago, IL as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $112,609 per year, or $54.1 per hour.

Risk Management - Real Estate Credit Risk Associate

JPMorgan Chase & Co.

Chicago, IL • On-site

$125 - $150/hr

Other

Re-posted 29 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

77th of 175 rated banks

Job description

Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Real Estate Credit Risk Associate on the Commercial and Investment Bank - Real Estate Credit Risk Team, you will work closely with top product bankers and other risk professionals. Your primary tasks will encompass independent risk assessment and credit approval of loans and lending-related commitments. You will work a client base of leading real estate, lodging, gaming, homebuilding and real estate service companies. The portfolio of credit products we manage, and monitor includes corporate resource traditional credit products (revolving credit facilities and term loans), real estate asset level financings, whole loan repos, risk retention, derivatives and treasury lines.

Job Responsibilities
  • Conduct credit analysis and facilitate senior credit officer approval of lending and trading related transactions, including operating exposures, individually or as part of a deal team
  • Create written credit approval documents, which include the spreading and presentation of historical financial statement information and the related financial analysis, as well as projections of future cash flows for large corporate borrowers
  • Develop a well-informed and forward-looking view of the business, financial and risks associated with a company and sector
  • Manage and monitor a portfolio of client credit exposures, across industry classes, on an ongoing basis
  • Participate in negotiating, finalizing, and executing documentation for loans and derivatives
  • Review and assign risk ratings and maintains updated credit research on their portfolio of clients
  • Actively manage existing CRE portfolio and participate in portfolio management / surveillance projects
Required qualifications, capabilities and skills
  • Bachelor’s degree in Finance, Accounting, Business, Economics or similar discipline
  • Minimum 3 years of professional work experience in corporate/commercial credit, investment banking or relevant experience within financial services or rating agency
  • Academic training in the principals of accounting, corporate finance, capital markets products and macro economics
  • Strong financial analysis and modeling skills
  • Exceptional communication (verbal and written) and inter-personal skills
  • Proficiency in Microsoft Office Suite, Excel, PowerPoint and Word
Preferred qualifications, capabilities and skills
  • Prior experience with major corporate bank credit team and or credit rating agency
  • Prior experience around Real estate or Corporate credit
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