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Credit Risk Associate Salary Jobs in Chicago, IL

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site +1

$125K - $255K/yr

This role involves leading a team in various credit risk review engagements and continuous ... Compensation Range: $125,000-$255,000 Annual Salary The compensation range represents the ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site +1

$125K - $255K/yr

This role involves leading a team in various credit risk review engagements and continuous ... Compensation Range: $125,000-$255,000 Annual Salary The compensation range represents the ...

Triwill Group

Senior Financial Risk Analyst

Chicago, IL · On-site

$125 - $150/hr

You will share Adyen's approach to credit risk management to merchants, commercial teams, and regulators. The base salary for this role in Chicago is: $125,000-$170,000. The total compensation ...

Adyen

Senior Financial Risk Analyst

Chicago, IL · On-site

$125K - $170K/yr

You will share Adyen's approach to credit risk management to merchants, commercial teams, and regulators. The base salary for this role in Chicago is: $125,000-$170,000. The total compensation ...

Adyen

Senior Financial Risk Analyst

Chicago, IL · On-site

$125K - $170K/yr

You will share Adyen's approach to credit risk management to merchants, commercial teams, and regulators. The base salary for this role in Chicago is: $125,000-$170,000. The total compensation ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site

$125K - $255K/yr

This role involves leading a team in various credit risk review engagements and continuous ... Compensation Range: $125,000-$255,000 Annual Salary The compensation range represents the ...

Adyen

Senior Financial Risk Analyst

Chicago, IL · On-site

$125 - $150/hr

You will share Adyen's approach to credit risk management to merchants, commercial teams, and regulators. The base salary for this role in Chicago is: $125,000-$170,000. The total compensation ...

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Showing results 41-60

All JobsCredit Risk Associate Salary JobsCredit Risk Associate Salary Jobs in Chicago, IL

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 8, 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.

Senior Associate, Private Credit Portfolio Management

Deerpath Capital Management

Chicago, IL • On-site

Full-time

Posted 5 days ago

Job description

Company Description
Deerpath Capital is a leading direct lending firm specializing in providing first lien, senior debt financing to middle market companies. Deerpath is focused on providing debt capital for acquisitions, refinancings, ownership transitions and growth capital to companies in the U.S. lower middle market. Deerpath has investment offices in New York, Boston, Chicago, Los Angeles and Fort Lauderdale, as well as overseas investor relations offices in London, Seoul, Tokyo and Brisbane. The firm employs approximately 100 employees.
Position Overview
This is a high-exposure role spanning underwriting, portfolio management, and restructuring. The Senior Associate will work closely with senior deal team members and provide guidance to junior team members to underwrite new opportunities for existing portfolio companies, monitor and manage investments, engage with private equity sponsors and management teams, and prepare quarterly valuations. This role offers meaningful responsibility from day one and the opportunity to drive outcomes across the portfolio.
Primary Responsibilities
  • Underwrite investment opportunities for existing portfolio companies and present recommendations to the investment committee.
  • Actively manage credit investments by analyzing changes in company performance and industry trends, and present frequent updates to the firm's leadership.
  • Drive deal execution and develop relationships with private equity sponsors, management teams, and other industry stakeholders.
  • Develop and review complex financial models, including LBO, cash flow analysis, and valuations, and present key findings.
  • Support amendment negotiations and deal structuring.
  • Coordinate documentation workstreams, including the review and negotiation of credit agreements, amendments, and other transaction materials.
  • Partner with the restructuring team on workouts.
  • Develop and mentor junior team members.

Desired Skills & Experience
  • Bachelor's degree required with strong academic achievement
  • 5-8 years of relevant work experience in principal investing (private credit, private equity, etc.), investment banking, leveraged finance, restructuring, or corporate banking
  • Strong understanding of credit analysis, complex financial modeling, valuation analysis, and legal documentation
  • Strong deal execution experience across industries and transaction types
  • Demonstrated ability to mentor and develop junior team members
  • Self-motivated and driven with an ability to work effectively in a fast-paced, deal-oriented environment
  • Excellent interpersonal, written, and verbal skills
  • Willingness to travel
  • Restructuring experience is a plus

NO RECRUITERS or AGENCIES for this posting. Any unsolicited resumes sent to Deerpath will be considered Deerpath property. Deerpath will NOT pay a fee for any placements resulting from the receipt of any unsolicited resumes.
Deerpath Capital Management, LP is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected characteristics.

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