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

Crowe LLP

Loan Review Consultant

Oakbrook Terrace, IL · On-site

We are seeking a Loan Review Consultant to support credit risk consulting projects for a variety of clients within the financial services industry. In this role, you will assist in evaluating credit ...

Crowe LLP

Loan Review Consultant

Chicago, IL · On-site

We are seeking a Loan Review Consultant to support credit risk consulting projects for a variety of clients within the financial services industry. In this role, you will assist in evaluating credit ...

Crowe LLP

Loan Review Consultant

Oakbrook Terrace, IL · On-site

We are seeking a Loan Review Consultant to support credit risk consulting projects for a variety of clients within the financial services industry. In this role, you will assist in evaluating credit ...

Crowe LLP

Loan Review Senior Consultant

Chicago, IL · On-site

Crowe is seeking a Loan Review Senior Consultant to perform credit risk consulting projects for a variety of clients in the financial services industry. In this role, you will: Job Responsibilities:

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

Credit Risk Consultant information

See Chicago, IL salary details

$13

$45

$88

How much do credit risk consultant jobs pay per hour?

As of Aug 29, 2026, the average hourly pay for credit risk consultant in Chicago, IL is $45.74, according to ZipRecruiter salary data. Most workers in this role earn between $30.48 and $67.12 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a credit risk consultant, and why are they important?

To thrive as a Credit Risk Consultant, you need strong analytical skills, a background in finance or economics, and experience with credit risk assessment methodologies. Familiarity with risk modeling tools, credit scoring systems, and certifications such as FRM or CFA are typically required. Excellent communication, problem-solving abilities, and attention to detail help you stand out in this role. These skills are crucial for accurately evaluating creditworthiness, advising clients, and ensuring sound risk management practices.

What are some common challenges faced by credit risk consultants when analyzing client portfolios?

Credit Risk Consultants often encounter challenges such as incomplete or inconsistent client financial data, rapidly changing market conditions, and evolving regulatory requirements. Effectively assessing the risk profile of diverse portfolios requires strong analytical skills and the ability to adapt risk models to new information. Collaboration with relationship managers and compliance teams is essential to ensure accurate risk assessments and to develop actionable recommendations for clients. Navigating these complexities is key to providing valuable insights and helping organizations make sound credit decisions.

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

AspectCredit Risk ConsultantCredit Analyst
Required CredentialsBachelor's degree, certifications like CFA or credit risk certifications often preferredBachelor's degree, certifications like CFA or credit-specific certifications common
Work EnvironmentConsulting firms, financial institutions, project-based workBanking, lending departments, financial institutions
Employer & Industry UsageUsed by consulting firms and financial institutions for risk assessmentPrimarily in banks and lending companies for credit evaluation

Both roles involve assessing financial data, but Credit Risk Consultants focus on advising clients on risk management strategies, while Credit Analysts evaluate creditworthiness for lending decisions. The roles often overlap in skills and certifications, but differ mainly in scope and work setting.

What does a credit risk consultant do?

A credit risk consultant assesses the creditworthiness of individuals or organizations to help financial institutions manage potential losses. They analyze financial data, develop risk models, and recommend strategies to mitigate credit risk, often using tools like credit scoring systems and financial analysis software. The role typically requires strong analytical skills and knowledge of credit regulations.

What are popular job titles related to Credit Risk Consultant jobs in Chicago, IL?

For Credit Risk Consultant jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Credit Risk Consultant jobs in Chicago, IL look for?

The top searched job categories for Credit Risk Consultant jobs in Chicago, IL are:

Credit Risk Consultant jobs near you
Infographic showing various Credit Risk Consultant job openings in Chicago, IL as of August 2026, with employment types broken down into 83% Full Time, 16% Part Time, and 1% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $95,141 per year, or $45.7 per hour.

Securities Clearing - Credit Risk Consultant

CME Group

Chicago, IL • On-site

$45/hr

Full-time

Posted 3 days ago

New

Job description

The candidate performs in-depth analysis of market, credit, and industry data to identify risks, assess exposures, develop methodologies to appropriately measure exposures, and present findings to senior management. The candidate performs daily assessments of market conditions and resulting impacts to counterparties and acts as the first line of defense against systemic, idiosyncratic and counterparty-specific risks.


The role is also responsible for creating reports for internal governance committees, measuring key risks, and escalating issues as appropriate.

Key Responsibilities:

  • Liaise with market risk, financial surveillance, and other departments to familiarize others with counterparty credit, liquidity, and collateral risk profiles

  • Perform daily procedures to monitor risk to the clearinghouse, including credit and liquidity stress testing, and escalate findings as necessary

  • Demonstrate a strong understanding of applicable regulations at both domestic and international level as well as have a firm grasp of applicable rules in the clearinghouse's rule book

  • Use technical skills, including knowledge of programming and financial mathematics, to maintain models

  • Assist in preparing responses to ad hoc regulatory requests

Skills and Software Requirements:

  • Direct experience in counterparty credit risk evaluation

  • Knowledge of Fixed Income, Cash Treasuries, and Repo Markets

  • Experienced in Excel, PowerPoint and Word

  • Bloomberg

  • Familiarity with relational databases (MS SQL, Oracle) and SQL

  • Ability to manipulate large data sets

  • Strong analytical, quantitative, and organizational skills

  • Knowledge of financial analysis at an intermediate level

  • Excellent written and verbal communication skills

  • Capability to work independently as well as in a team setting

Work Schedule: This position requires a daily presence in our Chicago office, 5 days a week

CME Group is seeking skilled and experienced Consultants for a fixed term of engagement from 9/21/2026 to 12/31/2026. CME is committed to offering competitive compensation for our consultants that recognizes their contributions to the business. The hourly pay range for this role is expected to be $42-$45 per hour. The actual pay offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal consultants or employees (where relevant). Please note that while this opportunity is for a consultant role dedicated to CME, the consultant will be directly employed by a third party vendor, which would provide pay and benefits.

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#LI-Onsite

CME Group: Where Futures are Made

CME Group is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.

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About CME Group

Sourced by ZipRecruiter

As the world’s leading derivatives marketplace, CME Group is where the world comes to manage risk. We enable clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. We meet uncertainty and volatility with confidence and clarity, across the trading lifecycle and around the world.

Industry

Finance and insurance

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

2007

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