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Credit Risk Data Science Jobs in Mount Prospect, IL

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

Utilize AI per policy guidelines, verifying data accuracy * Set up, monitor and maintain counterparty profiles, credit limits, and collateral requirements within RWE Credit Risk systems under ...

Conduct quarterly/monthly reviews of one or more key Credit Risk data elements. * Provide support to other functions within the Credit Risk Management/ Risk Analytics Department. * Solve a range of ...

Conduct quarterly/monthly reviews of one or more key Credit Risk data elements. * Provide support to other functions within the Credit Risk Management/ Risk Analytics Department. * Solve a range of ...

Prepare, analyze, and develop various data and metric reports for counterparty credit risk management using Excel and PowerPoint and assist in the monitoring and reporting of appropriate counterparty ...

Drive best practices in data science. * Ensure data quality and integrity in all processes ... Work closely with Stakeholders: this includes Credit Risk, Product,finance teams to optimize fraud ...

Drive best practices in data science. * Ensure data quality and integrity in all processes ... Credit Risk, Product, finance teams to optimize fraud strategies and portfolio performance. • ...

Conduct quarterly/monthly reviews of one or more key Credit Risk data elements. * Provide support to other functions within the Credit Risk Management/ Risk Analytics Department. * Solve a range of ...

Conduct quarterly/monthly reviews of one or more key Credit Risk data elements. * Provide support to other functions within the Credit Risk Management/ Risk Analytics Department. * Solve a range of ...

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Showing results 1-20

Credit Risk Data Science information

See Mount Prospect, IL salary details

$36.8K

$113.1K

$196.2K

How much do credit risk data science jobs pay per year?

As of Jul 10, 2026, the average yearly pay for credit risk data science in Mount Prospect, IL is $113,139.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,000.00 and $139,600.00 per year, depending on experience, location, and employer.

How does a Credit Risk Data Scientist typically collaborate with other teams within a financial institution?

Credit Risk Data Scientists often work closely with credit analysts, risk managers, and IT professionals to develop, validate, and implement models that assess borrower risk. They frequently participate in cross-functional meetings to translate complex analytical findings into actionable business insights. Collaboration with compliance and regulatory teams is also common to ensure that risk models meet current regulatory standards. Effective communication and teamwork are essential, as the role bridges technical model development and practical risk management decisions.

What is Credit Risk Data Science?

Credit Risk Data Science is a specialized field that uses statistical analysis, machine learning, and data modeling techniques to assess and predict the likelihood that a borrower will default on a loan or credit obligation. Professionals in this field analyze large datasets from financial transactions, credit reports, and market trends to develop models that help financial institutions make informed lending decisions. Their work helps manage risk, set appropriate interest rates, and comply with regulatory standards. By leveraging advanced analytics, credit risk data scientists play a crucial role in minimizing losses and maximizing profitability for banks and lenders.

What are the key skills and qualifications needed to thrive as a Credit Risk Data Scientist, and why are they important?

To thrive as a Credit Risk Data Scientist, you need strong analytical skills, proficiency in statistical modeling, and a solid background in finance, mathematics, or a related field, often supported by an advanced degree. Familiarity with programming languages like Python or R, experience with machine learning frameworks, and knowledge of credit risk modeling tools such as SAS or SQL are typically required. Critical thinking, attention to detail, and effective communication are vital soft skills for interpreting data and collaborating with stakeholders. These abilities are crucial for building accurate risk models, informing strategic decisions, and ensuring regulatory compliance in financial institutions.
What are popular job titles related to Credit Risk Data Science jobs in Mount Prospect, IL? For Credit Risk Data Science jobs in Mount Prospect, IL, the most frequently searched job titles are:
What job categories do people searching Credit Risk Data Science jobs in Mount Prospect, IL look for? The top searched job categories for Credit Risk Data Science jobs in Mount Prospect, IL are:
What cities near Mount Prospect, IL are hiring for Credit Risk Data Science jobs? Cities near Mount Prospect, IL with the most Credit Risk Data Science job openings:

Credit Risk Associate

RWE

Chicago, IL • On-site

$73K - $100K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 17 days ago


Job description


RWE Americas, LLC
To start as soon as possible, full time, permanent
Functional area: Finance / Controlling
Remuneration: Exempt

The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA.

Role Responsibilities:

  • Assess and monitor counterparty credit exposures, including payment, performance, and supplier risks, for assigned portfolios primarily in North America
  • Prepare concise credit reports and rating assessments using financial statements, rating agency reports, and market news to support internal approvals. Utilize AI per policy guidelines, verifying data accuracy
  • Set up, monitor and maintain counterparty profiles, credit limits, and collateral requirements within RWE Credit Risk systems under supervision
  • Support credit risk initiatives and internal reporting through accurate data collection and maintenance, including incoming and outgoing collateral
  • Utilize credit risk systems to input, track and manage credit exposures in line with policies and procedures
  • Collaborate with Legal and Front/Back Office teams to review credit requirements and ensure compliance with contractual terms

Job Requirements and Experiences:

  • Bachelor's degree or equivalent in business administration, finance or economics required
  • Minimum 1 year of experience in counterparty credit management within the energy, utilities, or banking sectors
  • Experience in analysis of corporate and financial institutions from a credit risk, balance sheet, and cash flow perspective
  • Working knowledge of different contracts e.g. ISDA, PPA's, REC, and the credit terms within those contracts is a plus
  • Experience successfully prioritizing and completing work independently, demonstrating initiative, dependability, and strong self-motivation
  • Proven ability to build relationships and effectively communicate with people from a diverse set of backgrounds
  • Ability to work within tight deadlines
  • Ability to work independently and as part of a team
  • Must be able to sit, walk or stand for long durations of time
  • Strong interpersonal skills, with ability to manage customer relationships
  • Demonstrated desire to learn about the Company and the renewables space
  • Excellent proficiency with Microsoft Office (Excel, Word, PowerPoint, Outlook) and Teams
  • Strong leadership and communication, and ability to meet deadlines
  • Strong organization skills and ability to coordinate multiple tasks and deliverables
  • Ability to multi-task, while working independently and as part of a team
  • Motivated self-starter, goal-oriented, and strong problem-solving abilities
  • Proven ability to empathize, build relationships, and effectively communicate with people from a diverse set of backgrounds
  • Responds well to direction, is easy to challenge and develop, and is coachable
  • Is detail-oriented, has strong business acumen, and a sound understanding of business concepts

Applicants must be legally authorized to work in the United States. RWE Americas is unable to sponsor or take over sponsorship of employment visas at this time.

Pay range: The annual base salary range for this position in Illinois is $73,000 - $100,000. The listed salary range represents our good faith estimate for this position and represents the range for new hire salaries across all U.S locations. Please note that the salary information is a general guideline only. RWE considers factors such as (but not limited to) scope and responsibilities of the position, candidate's education & work experience, training & certifications, and key skills as well as market and business considerations at the time of the offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays. Eligible employees also participate in short-term incentives, in addition to salary.
Apply with just a few clicks: ad code 92702
Any questions? Contact HR: rwe_americas_recruiting@rwe.com 
We look forward to meeting you. Of course, you can find us on LinkedIn, Instagram, Facebook, YouTube and Xing, too.
All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
RWE Americas, a subsidiary of RWE, is a US-based energy company that is helping to meet the growing demand for energy across the United States. Backed by RWE's 125-year global legacy of managing diverse power assets, RWE Americas operates approximately 13 GW of power projects across 27 states. With a talented workforce of 2,000 employees, RWE Americas develops, constructs and operates wind, solar and battery storage projects, along with natural gas-powered generation, that safely deliver affordable, reliable electricity to our customers. Committed to responsible development, RWE Americas invests in local and rural communities, creating jobs and partnering with stakeholders to support and strengthen the places where we live and work. Learn more about how RWE Americas is generating impact at americas.rwe.com.

At RWE Americas, we foster a culture defined by our Essential Behaviors - Have Courage, Create Impact and Actively Collaborate. We encourage bold thinking and continuous learning, and we value ownership, resilience and inclusion in everything we do. When you join us, you become part of a team that supports your development, respects your contributions and celebrates shared success. This is a place where you can grow your career and make a meaningful difference.