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Credit Risk Associate Jobs in Illinois (NOW HIRING)

Fifth Third

ABL Associate

Rosemont, IL

May manage the ongoing credit risk of a basic portfolio of ABL relationships and participate in ... ABL Associate Total Base Pay Range 71,100.00 - 145,900.00 USD Annual At Fifth Third, we understand ...

Fifth Third

ABL Associate

Chicago, IL

May manage the ongoing credit risk of a basic portfolio of ABL relationships and participate in ... ABL Associate Total Base Pay Range 71,100.00 - 145,900.00 USD Annual At Fifth Third, we understand ...

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Showing results 21-40

All JobsCredit Risk Associate JobsCredit Risk Associate Jobs in Illinois

Credit Risk Associate information

See Illinois salary details

$48.5K

$105.9K

$177.3K

How much do credit risk associate jobs pay per year?

As of Sep 5, 2026, the average yearly pay for credit risk associate in Illinois is $105,928.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,700.00 and $137,600.00 per year, depending on experience, location, and employer.

What does a credit risk associate do?

A Credit Risk Associate is responsible for assessing and managing the risk that a borrower may default on a loan or credit obligation. They analyze financial statements, credit reports, and market data to evaluate the creditworthiness of individuals or companies. Their work helps financial institutions make informed lending decisions, set appropriate credit limits, and comply with regulatory requirements. Credit Risk Associates also monitor existing credit exposures and may recommend strategies to mitigate potential losses.

What skills and qualifications are needed to thrive as a credit risk associate?

To thrive as a Credit Risk Associate, you need strong analytical skills, attention to detail, and a solid understanding of financial statements, typically backed by a degree in finance, economics, or a related field. Familiarity with risk assessment software, credit modeling tools, and proficiency in Excel or similar data analysis programs are essential technical requirements. Strong communication, problem-solving abilities, and sound judgment help you effectively collaborate with stakeholders and make informed recommendations. These skills and qualities are crucial for accurately assessing creditworthiness and minimizing financial risk for the organization.

How does a credit risk associate typically collaborate with other teams within a financial institution?

Credit Risk Associates work closely with various departments, including front-office lending teams, compliance, and portfolio management. They regularly communicate with relationship managers to gather client information, and partner with data analysts to assess credit models and risk metrics. This collaborative environment ensures that credit decisions are well-informed and compliant with internal policies. Being proactive and communicative is key, as the role often requires balancing risk assessment with business growth objectives.

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

AspectCredit Risk AssociateCredit Analyst
Required CredentialsBachelor's degree, relevant certifications often preferredBachelor's degree, certifications like CFA or credit-specific courses beneficial
Work EnvironmentFinancial institutions, banks, credit agenciesBanks, investment firms, credit rating agencies
Employer & Industry UsageCommonly used in risk management teamsUsed in credit assessment and lending decisions
Comparison Search IntentUnderstanding risk roles in creditAnalyzing creditworthiness of clients

Both roles involve assessing credit-related information, but Credit Risk Associates focus on managing overall risk exposure, while Credit Analysts evaluate individual creditworthiness. The roles often overlap in skills and industry settings, making them closely related but distinct in scope.

What are the most commonly searched types of Credit Risk jobs in Illinois?

The most popular types of Credit Risk jobs in Illinois are:

What are popular job titles related to Credit Risk Associate jobs in Illinois?

For Credit Risk Associate jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Credit Risk Associate jobs in Illinois look for?

The top searched job categories for Credit Risk Associate jobs in Illinois are:

What cities in Illinois are hiring for Credit Risk Associate jobs?

Cities in Illinois with the most Credit Risk Associate job openings:

Credit Risk Associate jobs near you
Infographic showing various Credit Risk Associate job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 67% Full Time, 30% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $105,928 per year, or $50.9 per hour.

Corporate Finance Analyst/Associate/Senior Associate

Northwest

Chicago, IL • On-site

Full-time

Posted 8 days ago

Job description

IL0511 Chicago LPO, OH0713 NW Bancshares HQ

Job Description

The Corporate Finance Analyst/Associate/Senior Associate serves as the primary underwriter for complex relationships in the large corporate and middle market portfolio for Northwest Bank. The ability to independently perform highly in-depth qualitative and quantitative analysis at the client, industry and macroeconomic levels is required. The Senior Associate is expected to design and recommend credit structures to senior leadership which align with the needs of the clients and the risk appetite of the Bank. Regular client contact will occur as part of the underwriting and portfolio management duties. Where Northwest Bank is the lead agent, the Senior Associate will be involved in the preparation of loan syndication market materials and other supporting documentation and may participate in sell-side activities.

Analyst, Associate or Sr. Associate level will be determined based on the candidates knowledge and experience.

Essential Functions

  • Prepare detailed credit memorandum for complex lending relationships

  • Complete comprehensive analysis on client financial statements

  • Recommend proper loan structure, including appropriate covenant formulas and definitions

  • Identify credit strengths, weaknesses, risks and mitigating factors

  • Determine the required scope for underwriting and due diligence based on client risk profile

  • Participate in joint calls with Relationship Managers

  • Maintain a working knowledge of macroeconomic factors affecting national and global markets

  • Identify and track loan and credit policy exceptions

  • Monitor ongoing risk in the assigned portfolio and recommend proactive action if necessary

  • Prepare annual or quarterly reviews for relationships within the portfolio, as required

  • Recommend and defend appropriate risk ratings

  • Review and negotiate legal documentation with outside bank counsel

  • Develop financial statement forecasts and enterprise valuations

  • Ensure compliance with Northwest's policies and procedures, and Federal/State regulations

  • Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency

  • Work as part of a team

  • Work with on-site equipment

Education:

  • Bachelor's degree in Finance, Accounting, or other business-related field preferred

Work History:

  • 5 - 6 years Credit Underwriting in the Corporate Finance sector preferred

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Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.

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