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Credit Risk Developer Jobs in Illinois (NOW HIRING)

Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ... You'll collaborate daily with traders, quantitative researchers, and software engineers while ...

Approximately 3+ years of hands-on experience as a model developer or model validator, specifically within financial services, credit risk, or fraud analytics. * 2+ years of hands-on technical ...

Experienced Risk Manager

Chicago, IL ยท On-site

$150K - $210K/yr

Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ... You'll collaborate daily with traders, quantitative researchers, and software engineers while ...

Lead Data Scientist

Chicago, IL ยท On-site

$100K - $160K/yr

... engineers, and economists. We also have a modern computing environment based on best-in-class "big ... This position is responsible for developing credit risk management and business intelligence ...

Lead Data Scientist

Chicago, IL ยท On-site

$100K - $160K/yr

... engineers, and economists. We also have a modern computing environment based on best-in-class "big ... This position is responsible for developing credit risk management and business intelligence ...

Lead Data Scientist

Chicago, IL ยท On-site

$100K - $160K/yr

... engineers, and economists. We also have a modern computing environment based on best-in-class "big ... This position is responsible for developing credit risk management and business intelligence ...

... engineers, and economists. We also have a modern computing environment based on best-in-class "big ... This position is responsible for developing credit risk management and business intelligence ...

Sr. Business Analyst - US Card

Chicago, IL ยท On-site

$95K - $123K/yr

Credit Risk: Support step-change improvements in credit performance by connecting drivers of future ... engineering, Information Systems or a related quantitative field) * A Master's Degree in a ...

Showing results 41-60

Credit Risk Developer information

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

AspectCredit Risk DeveloperCredit Analyst
Required CredentialsBachelor's in Finance, Economics, or related field; often some programming knowledgeBachelor's in Finance, Economics, or related field; strong analytical skills
Work EnvironmentDevelops risk models, works with data and software toolsAnalyzes credit data, assesses borrower risk, prepares reports
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending institutions, credit bureaus

While both roles focus on credit, the Credit Risk Developer primarily builds and maintains risk models using programming and data analysis, whereas the Credit Analyst evaluates individual creditworthiness and prepares risk assessments. Both roles are essential in credit decision processes but differ in technical focus and daily tasks.

What is a credit risk developer?

Credit Risk Developers are specialized software developers who design, build, and maintain systems that assess and manage financial risk for lending institutions or investment firms. They create algorithms and tools that analyze credit data, model potential losses, and ensure compliance with regulatory requirements. Their work supports decision-making processes related to lending, underwriting, and portfolio management. Typically, they collaborate closely with risk analysts, data scientists, and financial professionals to develop solutions that improve risk assessment accuracy and efficiency.

How does a credit risk developer typically collaborate with risk analysts and business stakeholders?

A Credit Risk Developer often works closely with risk analysts to understand credit risk models and translate their requirements into robust software solutions. Regular meetings with business stakeholders are common to gather feedback, ensure alignment with regulatory standards, and adapt to changing business needs. This role requires strong communication skills to bridge the gap between technical and non-technical teams, ensuring that risk assessment tools are both accurate and user-friendly.

What are the key skills and qualifications needed to thrive as a credit risk developer?

To thrive as a Credit Risk Developer, you need strong programming skills (such as Python, Java, or C++), a solid background in mathematics or finance, and experience with credit risk modeling. Familiarity with risk management systems, statistical analysis tools, and relevant certifications (like FRM or CFA) is often required. Exceptional problem-solving abilities, collaboration, and clear communication set outstanding candidates apart. These skills ensure accurate development and maintenance of credit risk models, enabling effective risk mitigation and regulatory compliance in financial institutions.
What cities in Illinois are hiring for Credit Risk Developer jobs? Cities in Illinois with the most Credit Risk Developer job openings:

Databricks Data Engineer, Risk Technology

CIBC US

Chicago, IL โ€ข Hybrid

$120K - $160K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 13 days ago


Job description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What You'll Be Doing

As a Databricks Data Engineer on the US Risk Technology team, you'll be working on AML Tech, Databricks, and other applications to support the US Risk Management business. Working in a fast-paced environment, you will translate business requirements into robust technical solutions, leveraging Azure Databricks, Apache Spark, Delta Lake, and modern data engineering practices.
The role offers exposure to the full range of the software development life cycle, from development to testing to support.

CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 2 days per week on-site, while other days may be remote.

How You'll Succeed

  • Technical Skills - Make the link between business problems and technology solutions with a cloud-first mindset. Design, develop and maintain scalable batch and streaming data pipelines using Azure Databricks and Apache Spark. Build and optimize ETL/ELT frameworks to ingest data from multiple structured and unstructured source systems into cloud platforms. Engineer and publish curated datasets for consumption by business intelligence tools and downstream applications

  • Cloud Computing - Use the full range of Microsoft Azure Services with exposure to machine learning. Azure Certifications would be an asset (AZ-900).

  • Documentation - Comfortable documenting each step of the software delivery life cycle on wiki and our change management software ServiceNow.

  • DevSecOps - Write secure code following industry best practices and incorporate DevSecOps into your workflow.

  • Communication - write with precision and clarity. Express technical concepts to non-technical audiences.

  • Collaboration - build trusted working relationships with business stakeholders, technology partners, and external vendors.

  • Business Savvy - apply knowledge of banking and risk management to ensure alignment between business objectives and software requirements.

  • Continuous Learning - stay up-to-date with emerging technologies, changes in the banking industry, and regulatory developments.

Who You Are

  • You can demonstrate 5-7 years experience in. Software Engineering and have a relevant post-secondary degree.. You must be proficient in languages such as Python and bring hands-on experience with the Databricks platform implementing ETL processes. You must be comfortable writing SQL queries. Experience with PySpark or Spark SQL for data processing, along with Microsoft Azure, would be valuable. Experience working with databases, cloud computing, or application development/support would be particularly relevant.

  • It's an asset if you have experience with C# and .NET

  • You understand banking fundamentals. Exposure to risk management, capital stress testing, credit risk models, and regulatory compliance would be particularly relevant.

  • You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.

  • Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.

  • You're digitally savvy. You seek out innovative solutions and embrace leading-edge technologies. You can easily adapt to new tools and trends.

  • You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to create a shared vision.

  • Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

California residents - your privacy rights regarding your actual or prospective employment

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $120,000 - $160,000 for the Chicago market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidaysand 401(k), in addition to other special perks reserved for our team members."

This position does not offer visa sponsorship.

#LI-TA

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

  • We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

IL-Chicago, 70 W Madison St Fl 10

Employment Type

Regular

Weekly Hours

40

Skills

.NET Programming, Application Development, Applications Programming, Azure Blob Storage, Azure Devops, Databricks Platform, Data Lake, Microsoft Azure, Microsoft Azure Databricks, Microsoft Azure Portal, PostgreSQL, PySpark, Python (Programming Language), Python Software Development, Software Development, SQL Databases, Structured Query Language (SQL)