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Credit Risk Associate Jobs in Chicago, IL (NOW HIRING)

Avant

Associate, Data Science, Credit Risk

Chicago, IL

$95K - $130K/yr

Design and build robust credit risk models, including application scorecards, behavioral models, loss forecasting, and risk-based pricing, to optimize underwriting decisions and drive overall ...

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

Credit Risk Associate information

See Chicago, IL salary details

$51.5K

$112.6K

$188.5K

How much do credit risk associate jobs pay per year?

As of Jun 28, 2026, the average yearly pay for credit risk associate 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 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 Chicago, IL? The most popular types of Credit Risk jobs in Chicago, IL are:
What are popular job titles related to Credit Risk Associate jobs in Chicago, IL? For Credit Risk Associate jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Credit Risk Associate jobs in Chicago, IL look for? The top searched job categories for Credit Risk Associate jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Credit Risk Associate jobs? Cities near Chicago, IL with the most Credit Risk Associate job openings:
Credit Risk Associate jobs near you
Infographic showing various Credit Risk Associate job openings in Chicago, IL as of June 2026, with employment types broken down into 86% Full Time, 12% Part Time, 1% Temporary, and 1% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $112,609 per year, or $54.1 per hour.
Portfolio Risk Associate, Risk & Analytics

Portfolio Risk Associate, Risk & Analytics

Avant LLC

Chicago, IL • On-site

$77K - $115K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 25 days ago

Job description

Avant is looking for a Portfolio Risk Associate to join our Risk & Analytics team. We are seeking a motivated and analytically driven candidate who is passionate about problem-solving, customer behavior analysis, and portfolio performance monitoring. This person will play an important role in supporting portfolio risk monitoring and insight generation across the credit lifecycle while partnering closely with teams across Originations Risk and Account Management Risk.
This role is ideal for someone who enjoys combining analytics, business understanding, and strategic thinking to help drive data-informed decisions in a fast-paced fintech environment.
What you'll do at Avant:
  • Analyze portfolio trends, customer behavior, and credit performance across originations and existing accounts
  • Support portfolio monitoring through recurring analyses, reporting, and strategic insight generation
  • Identify emerging risks, behavioral trends, and performance shifts within the portfolio
  • Conduct deep dive analyses on delinquency trends, utilization behavior, payment patterns, profitability metrics, and customer segments
  • Partner with Originations Risk and Account Management teams to evaluate portfolio performance and strategy impacts
  • Mine and analyze large datasets using SQL and Python to support business decisions and risk monitoring initiatives
  • Build and maintain dashboards, analytical datasets, and reporting frameworks
  • Translate analytical findings into clear business insights and recommendations for leadership
  • Perform ad hoc analyses related to portfolio strategy, growth initiatives, and macroeconomic trends
  • Collaborate cross-functionally with Risk, Finance, Data Engineering, Product, and other internal teams

Why you're at fit at Avant:
  • Bachelor's or Master's degree in Finance, Economics, Statistics, Mathematics, Data Analytics, Computer Science, Engineering, or a related quantitative field
  • 1-3 years of experience in analytics, strategy, risk, financial services, or a related quantitative field preferred
  • Strong analytical, problem-solving, and critical thinking skills
  • Experience with SQL and Python preferred
  • Ability to communicate analytical findings clearly to both technical and non-technical audiences
  • Comfortable working with large datasets and ambiguous business problems
  • Interest in consumer lending, credit risk, portfolio analytics, customer behavior analytics, or fintech preferred

This role is based on our downtown Chicago Office, located in the Merchandise Mart. We highly value collaboration and our hybrid schedule (M, T, Th in-office) enables flexibility to balance work and individual priorities.
Compensation Range:
The base salary range for this job is USD $77,000 - USD $115,000/ Year
Employees new to Avant typically come in below the midpoint of the pay range. The compensation range is based on the level outlined in the job posting, and compensation decisions are dependent on each applicant's experience, skills and abilities.
[If an outstanding applicant's experience and skill level is above or below the qualifications outlined in the job posting, we reserve the right to make an offer at a different level than the one listed in this job posting, which may have a different compensation range.]
This role is eligible for additional incentives, including an annual bonus. These rewards are allocated based on level, impact and performance in the role.
Our benefits include:
  • Choice of great Medical, Dental, and Vision Insurance Plan options
  • 401(k) match
  • Flexible Time Off
  • Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
  • Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
  • Lunch Allowance (Fooda) and In-office Snacks
  • Summer Fridays
  • Fun In-Office and Virtual Social Events
  • And who doesn't love the swag

Check out our Avant Blog!
We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you're passionate about our mission and aligned to our values, we hope you'll come contribute to our awesome culture.
Why Avant is the place for you:
At Avant, we believe our values make a difference:
Authenticity. We show up to work as our whole selves and make sure others can too.
Collaboration. We can only succeed when we do so as a team.
Problem-Solving. The harder the problem, the more satisfying the solution.
Customer. We are all owners of the customer experience.
Initiative. Plan. Adapt. Get Sh!t Done.
We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.
To learn more about how Avant collects and uses your personal information, please see the Avant Privacy Policy.

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