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

Synchrony

AVP, Credit Model Development

Chicago, IL · On-site

Partner with Model Risk Management on model validations, annual reviews, and ongoing assessments ... Once this new hire time in position requirement is met, the associate will have a minimum 6 months ...

Capital One

Senior Auditor - Risk Management

Chicago, IL

$83K - $102K/yr

... Credit Risk Certification (CRC) * 2+ year of experience in banking, in the financial services ... This role is hybrid meaning associates typically spend 3 days per week in-person at one of our ...

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

Credit Risk Associate information

See Crete, IL salary details

$47.9K

$104.7K

$175.3K

How much do credit risk associate jobs pay per year?

As of Jun 28, 2026, the average yearly pay for credit risk associate in Crete, IL is $104,716.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,800.00 and $136,000.00 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 cities near Crete, IL are hiring for Credit Risk Associate jobs? Cities near Crete, IL with the most Credit Risk Associate job openings:
Credit Risk Associate jobs near you

Loan Operations and Treasury/Finance Associate

Lafayette Square

Chicago, IL • On-site

$65K - $85K/yr

Full-time

Posted 15 days ago

Job description

Loan Operations and Treasury/Finance Associate
Reports to: Head of Loan Operations
Lafayette Square
Lafayette Square is a private credit firm lending capital to growing middle market companies in working-class places. The firm is driven by four key differentiators: a focus on non-sponsored deals, enhanced managerial assistance through its affiliated Worker Solutions® platform, a technology-first data-driven investment strategy through Potomac X Lafayette Square™, and institutional partnerships. Lafayette Square's thesis holds that working-class people and places are ignored by private credit, creating an attractive investment opportunity subject to conservative underwriting, enhanced managerial assistance, and technology. Lafayette Square aims to support 100,000 working-class jobs, invest 50% of capital in working-class places, and curate benefits for 50% of its portfolio by 2030.
Job Summary
The team is seeking a Loan & Treasury Operations Associate to support the loan operations, treasury and asset and liabilities teams as part of our Credit platform. The Associate must be detail-oriented, motivated and willing to ask questions to learn and grow in a start-up environment. The ideal candidate has a positive attitude and strong numerical aptitude, highly motivated to learn and grow within a fast-paced, deadline-driven organization. To be qualified, you must also have a strong accounting background, with excellent interpersonal skills to interact with internal and external customers.
Responsibilities
  • Day to day loan accounting, including time-sensitive new loan fundings, loan re-pricings, payment processing and all other loan activities in accordance with loan and security agreements
  • Daily cash reconciliations and cash liaison within the construct of an external custodian and fund administrator environment
  • Work closely with capital markets and liabilities teams on proper deal structuring
  • Assist in the development of term sheets and negotiation of leverage facilities
  • Work within the teams of Ops, Liabilities, Accounting, Treasury and Portfolio Management to ensure accuracy of cash reporting and loan accounting for our borrowers and investors
  • Preparation of monthly invoices to borrowers and lenders and insuring prompt receipt and disbursement of cash from multiple cash accounts
  • Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions for both assets and liabilities across multiple funds and leverage facilities
  • Perform book, bill and collect or pay functions using Wall Street Office (S&P Global) investment accounting software to ensure we receive payments in accordance with legal documentation and pay liabilities from appropriate business entities
  • Maintain and provide accurate data and report to multiple departments internally and externally as it relates to loan and cash accounting
  • Work closely with internal and external fund accountants to ensure assets, liabilities and cash accounting are reported timely to ensure smooth monthly & quarterly closes
  • Monitor and report on cash flow forecasting for both assets and liabilities
  • Perform scenario and risk analysis across exposures
  • Accounts payable duties for credit Platform including working closely with Finance team to ensure timely payment of expenses and reconcile those expenses between reimbursable by Borrower and expenses allocated to specific funds
  • Fulfilling requests of external auditors and providing accurate information for external reporting purposes

Requirements
  • Experience: 2 to 4 years in loan operations in financial services or banking industry. Ability to wear multiple hats as is expected in a rapidly growing firm
  • Self-motivated and willing to work across business units
  • Excellent credit risk and risk assessment skills
  • Knowledge of fund accounting and cash management
  • Being a Team Player with a positive attitude
  • Excellent communication and interpersonal skills
  • Strong attention to detail

Proficiency with Excel, PowerPoint and Microsoft Word, Wall Street Office
Compensation
$65,000 - $85,000
Contact
For more information, please email your resume to: careers@lafayettesquare.com

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