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Credit Risk Associate Jobs in Illinois (NOW HIRING)

Bank of Pontiac

Credit Analyst

Pontiac, IL · On-site

$50K - $60K/yr

This role involves collecting and analyzing financial information to evaluate risk and support ... Associate's degree in finance, accounting or a related field preferred * 2+ years of experience in ...

Bank of Pontiac

Credit Analyst

Pontiac, IL · On-site

$50K - $60K/yr

This role involves collecting and analyzing financial information to evaluate risk and support ... Associate's degree in finance, accounting or a related field preferred * 2+ years of experience in ...

Busey

Credit Monitoring Analyst III

Creve Coeur, IL · Hybrid

$80K - $114K/yr

Make independent recommendations regarding credit risk supported by comprehensive ongoing risk ... In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible ...

Busey

Credit Monitoring Analyst III

Burr Ridge, IL · Hybrid

$80K - $114K/yr

Make independent recommendations regarding credit risk supported by comprehensive ongoing risk ... In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible ...

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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 Jun 14, 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 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, 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.

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 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.

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 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
Credit Analyst

Credit Analyst

Bank of Pontiac

Pontiac, IL • On-site

$50K - $60K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago

Job description

Job Title: Credit Analyst

Location: Pontiac, IL

Department: Lending

Reports to: Senior Credit Analyst

Average hours per week: Hourly 35+

Required Hours Availability: Monday through Friday 8AM – 5PM

Pay Range: $50,000 to $60,000/annually


Job Summary:

The Credit Analyst is responsible for assessing the creditworthiness of individuals and businesses applying for loans or credit lines. This role involves collecting and analyzing financial information to evaluate risk and support informed lending decisions. The Credit Analyst works closely with senior analysts and loan officers, providing accurate data analysis and recommendations to facilitate the loan approval process while ensuring compliance with company policies and regulatory standards.

Supervisory Responsibilities:

  • None

Duties/Responsibilities:

  • Analyze financial statements, credit reports, and other relevant financial information to assess the credit risk of loan applicants
  • Determine appropriate credit limits and terms based on the borrower's financial situation and credit history
  • Prepare detailed credit reports and recommendations for loan approval or denial
  • Monitor existing credit accounts and assess the ongoing creditworthiness of borrowers
  • Effectively document and track all customer interactions and issues, ensuring accuracy and attention to detail.
  • Work closely with loan officers, underwriters, and other team members to ensure timely and accurate decision-making
  • Stay current on industry trends and regulations related to credit analysis
  • Adhere to bank policies and procedures.

Required Skills/Abilities:

  • Excellent verbal and written communication skills.
  • Excellent interpersonal and customer service skills.
  • Excellent organizational skills and attention to detail.
  • Excellent critical thinking skills.
  • Ability to work in a team-oriented environment.
  • Demonstrate regular attendance and punctuality.
  • Ability to function well in a high-paced and at times stressful environment.
  • Proficient with Microsoft Office Suite or related software.


Education and Experience:

  • Associate’s degree in finance, accounting or a related field preferred
  • 2+ years of experience in credit analysis or similar role preferred


Physical Requirements:

  • Regularly: Sitting, Talking, Hearing, Feeling/Touching, Vision – close, peripheral, depth, ability to adjust focus
  • Frequently: Walking
  • Occasionally: Standing, climbing and/or crawling, Lifting objects up to 30 pounds

Other duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

About us

Bank of Pontiac opened its doors for business in 1947. We are a strong community bank offering a variety of financial services to both individuals and businesses in Livingston, Grundy, McLean, Ford, and Tazewell Counties and surrounding communities. We believe in serving and reinvesting in our communities by supporting local schools, churches, clubs, and organizations. At Bank of Pontiac, we believe that “Together We’re Better.”

We offer a competitive salary along with a full benefits package including health, dental, vision, and life insurance, 401(k) and generous paid time off.

At Bank of Pontiac, we believe that diversity fuels innovation. Bank of Pontiac is committed to equal employment opportunities, and we support an inclusive workplace where our members excel based on personal merit, qualifications, experience, ability, and job performance.