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Credit Risk Management Jobs in Illinois (NOW HIRING)

CIBC

Credit Monitoring & Control Specialist

Chicago, IL · On-site

$70K - $85K/yr

This position is a key role in the Bank's Risk Management Department and reports to the Credit Monitoring & Control Team Lead. Review both traditional and complex credit approval documents (credit ...

CIBC

Credit Monitoring & Control Specialist

Chicago, IL · On-site

$70K - $85K/yr

This position is a key role in the Bank's Risk Management Department and reports to the Credit Monitoring & Control Team Lead. Review both traditional and complex credit approval documents (credit ...

Adyen

Senior Financial Risk Analyst

Chicago, IL · On-site

$125K - $170K/yr

You will share Adyen's approach to credit risk management to merchants, commercial teams, and regulators. The base salary for this role in Chicago is: $125,000-$170,000. The total compensation ...

Adyen

Senior Financial Risk Analyst

Chicago, IL

$125K - $170K/yr

You will share Adyen's approach to credit risk management to merchants, commercial teams, and regulators. The base salary for this role in Chicago is: $125,000-$170,000. The total compensation ...

Chase

Credit Review, Vice President

Chicago, IL · On-site

Partner with Credit Risk Management stakeholders to establish strong working relationships while maintaining independence. * Ensure consistent application of firm wide Risk Policy as well as Credit ...

Cedar Cares, Inc

Chief Risk Officer

Chicago, IL · On-site

$259.25 - $320.25/hr

Oversee credit risk management of clearing members, settlement bank, and other counterparties, including onboarding, ongoing due diligence, and Watch List escalations. * Develop the quantitative risk ...

CIBC

Credit Monitoring & Control Specialist

Chicago, IL · Hybrid

$70K - $85K/yr

This position is a key role in the Bank's Risk Management Department and reports to the Credit Monitoring & Control Team Lead. Review both traditional and complex credit approval documents (credit ...

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Credit Risk Management information

See Illinois salary details

$83.8K

$153.4K

$232.1K

How much do credit risk management jobs pay per year?

As of Aug 16, 2026, the average yearly pay for credit risk management in Illinois is $153,408.00, according to ZipRecruiter salary data. Most workers in this role earn between $129,400.00 and $172,000.00 per year, depending on experience, location, and employer.

What are some common challenges faced by professionals in credit risk management, and how can they be addressed?

Professionals in Credit Risk Management often encounter challenges such as assessing complex borrower profiles, keeping up with changing regulatory requirements, and managing large volumes of data. To address these, it's important to develop strong analytical skills, stay updated on industry regulations, and leverage technology for more efficient data analysis. Collaborating closely with other departments, such as sales and compliance, also helps ensure well-rounded risk assessments and effective risk mitigation strategies.

What are the key skills and qualifications needed to thrive in credit risk management?

To thrive in Credit Risk Management, you need strong analytical skills, financial modeling expertise, and a solid background in finance or economics, often supported by a relevant degree. Familiarity with risk assessment software, credit scoring systems, and regulatory compliance tools such as Basel III is highly valued. Attention to detail, effective communication, and sound judgment are crucial soft skills for evaluating creditworthiness and collaborating with stakeholders. These skills ensure accurate risk assessments, regulatory compliance, and informed decision-making to protect the organization's financial health.

What does credit risk management do?

Credit risk management involves identifying, assessing, and monitoring the risk of borrowers defaulting on their financial obligations. Professionals in this field analyze credit data, use risk assessment tools, and develop strategies to minimize potential losses for lenders or financial institutions.

What is the average salary of a credit risk management analyst?

The average salary of a credit risk management analyst typically ranges from $60,000 to $85,000 annually, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.

What is the difference between Credit Risk Management vs Credit Analysis?

AspectCredit Risk ManagementCredit Analysis
Primary FocusAssessing and mitigating overall credit risk for an organizationEvaluating individual creditworthiness of borrowers
CertificationsTypically requires certifications like CFA, Credit Risk certificationsOften requires financial analysis certifications or degrees
Work EnvironmentStrategic, risk-focused, often in risk departmentsAnalytical, detail-oriented, in credit or lending departments
Industry UsageCommon in banking, financial services, and lending institutionsUsed across banks, credit agencies, and lending firms

While both roles involve assessing financial information, Credit Risk Management focuses on the broader risk exposure of the organization, whereas Credit Analysis concentrates on evaluating individual borrowers' creditworthiness. Understanding these differences helps professionals and employers align roles with skills and organizational needs.

What is credit risk management?

Credit Risk Management is the process of identifying, assessing, and mitigating the risk that a borrower or counterparty will fail to meet their financial obligations. Professionals in this field analyze creditworthiness, set lending policies, and monitor existing loans to minimize potential losses for banks or financial institutions. Effective credit risk management helps ensure the stability of financial systems and protects organizations from significant financial loss.

What are the most commonly searched types of Credit Risk Management jobs in Illinois?

The most popular types of Credit Risk Management jobs in Illinois are:

What are popular job titles related to Credit Risk Management jobs in Illinois?

For Credit Risk Management jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Credit Risk Management jobs in Illinois look for?

The top searched job categories for Credit Risk Management jobs in Illinois are:

Credit Risk Management jobs near you
Infographic showing various Credit Risk Management job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $153,408 per year, or $73.8 per hour.

Credit Monitoring & Control Specialist

CIBC

Chicago, IL • On-site

$70K - $85K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 21 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
POSITION RESPONSIBILITIES:
The Credit Monitoring & Control Specialist will support the Bank's Credit Risk Management/ Risk Analytics Departments, to help analyze, identify, mitigate and control data integrity risk across numerous data elements.
This position is a key role in the Bank's Risk Management Department and reports to the Credit Monitoring & Control Team Lead. Review both traditional and complex credit approval documents (credit underwriting/ loan presentations) for the purpose of:
  • Ensuring proposed loans structures are in compliance with the Bank's credit policy
  • Provide ongoing support to promote portfolio transparency
  • Ensure Quarter End risk reporting processes are done efficiently and accurately; Determining proper note code, collateral code and federal call code for each transaction to ensure accurate reporting to internal and external audiences.
  • 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 straightforward problems.
  • Analyze possible solutions using standard procedures.
  • Participate/lead in projects associated with the department.

QUALIFICATIONS:
  • Knowledgeable in credit approval process, credit structure and ability to comprehend the Bank's credit policy
  • Familiarity with Federal Call Codes and other related loan codes and the awareness of how loan codes impact financial reporting
  • Experience leading risk and control assessments, root cause analysis and scenario analysis.
  • Ability to partner effectively with peers, senior management and business partners
  • Organizational and problem solving skills and attention to detail.
  • Investigative and questioning nature combined with sound business and technical skills.
  • Ability to work under pressure and organize, manage and prioritize multiple deliverables.
  • Strong critical thinking abilities
  • Proficiency in Microsoft Excel, Outlook and Word required, including analytical skills and spreadsheet experience
  • Excellent oral and written communication skills, as well as the ability to present to senior management
  • Have the ability to work independently and within a team
  • Bachelor's degree along with 7-10 years of experience of credit risk, compliance, or audit/ SOX experience in a banking/financial services environment.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $70,000 - $85,000 for the 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), Holidays and 401(k), in addition to other special perks reserved for our team members.
Work Environment: Hybrid, 3 days in office, 2 days remote
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-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Business Requirements, Communication, Credit Processes, Data Quality, Prioritization, Quality Improvement, Risk Analytics, Risk Reporting

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