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

US Bank

Senior Audit Project Manager - Credit Risk

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Bancorp's credit risk management activities. This role is designed for an experienced internal auditor who brings deep proficiency in audit methodology and execution, along with substantial ...

S&P Global

Senior Credit Product Specialist

Chicago, IL · On-site

  • Medical

  • Retirement

The Senior Credit & Risk Solutions Product Specialist serves as a strategic subject matter expert and trusted advisor, partnering closely with Sales Leadership, Relationship Management and Product ...

CIBC

Credit Monitoring & Control Specialist

Chicago, IL · On-site

$70K - $85K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 ...

US Bank

Impact Finance Officer

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Credit Strategy is a dynamic team within Credit Risk Management focused on optimizing the identification, quantification and mitigation of credit risk. The team oversees critical second line of ...

Chase

Credit Review, Vice President

Chicago, IL · On-site

  • Medical

  • Retirement

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 ...

PNC Bank

Commercial Credit Director

Chicago, IL · On-site

$143K - $297K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

As the Commercial Credit Director, Real Estate Credit Risk Management organization for the Southeastern United States. PNC is an in-office company that fosters a supportive culture where employees ...

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Showing results 41-60

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

Credit Risk Manager information

See Chicago, IL salary details

$89.1K

$163.1K

$246.7K

How much do credit risk manager jobs pay per year?

As of Aug 13, 2026, the average yearly pay for credit risk manager in Chicago, IL is $163,085.00, according to ZipRecruiter salary data. Most workers in this role earn between $137,500.00 and $182,800.00 per year, depending on experience, location, and employer.

How does a credit risk manager typically collaborate with other departments to assess and mitigate risk?

A Credit Risk Manager frequently works with teams across the organization, such as underwriting, finance, and compliance, to assess borrower creditworthiness and ensure adherence to risk policies. Collaboration often involves developing risk models, reviewing loan portfolios, and communicating risk exposures to senior management. Working closely with these departments enables comprehensive risk assessments and the implementation of effective mitigation strategies. This cross-functional approach fosters a proactive risk culture and ensures that credit decisions align with both regulatory requirements and business objectives.

What does a credit risk manager do?

A credit risk manager analyzes credit risk for banks and similar financial institutions. In this role, it’s your job to develop better credit risk policies and procedures to alleviate losses and maintain capital. Additional duties involve examining data, building financial models, creating performance reports, ensuring regulatory compliance, and formulating credit policy. This career requires at least a bachelor’s degree in business administration or a related field. Other important qualifications include excellent analytical, communication, and research skills. Most employers typically prefer candidates who have previous risk management experience.

What is a credit risk manager?

Credit Risk Managers are professionals responsible for assessing and managing the risk of financial losses that may arise from borrowers failing to repay loans or meet contractual obligations. They analyze financial data, credit reports, and market trends to determine the creditworthiness of individuals or businesses. Credit Risk Managers also develop policies and strategies to minimize potential losses and ensure compliance with regulatory standards. Their role is critical in maintaining the financial health and stability of banks, lending institutions, and other organizations involved in credit.

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

To thrive as a Credit Risk Manager, you need strong analytical abilities, deep knowledge of financial principles, and typically a degree in finance, accounting, or a related field. Familiarity with risk modeling software, credit scoring systems, and regulatory frameworks such as Basel III is essential. Strong communication, decision-making, and stakeholder management skills set outstanding professionals apart in this field. These skills are crucial for accurately assessing creditworthiness, minimizing financial losses, and ensuring regulatory compliance within financial institutions.

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

AspectCredit Risk ManagerCredit Analyst
CredentialsBachelor's degree, often certifications like CFA or credit risk certificationsBachelor's degree, finance or related field, sometimes certifications like CFA
Work EnvironmentOversees risk policies, manages teams, strategic planningAnalyzes credit data, assesses borrower risk, prepares reports
Industry UsageUsed in banking, financial services, lending institutionsCommon in banks, credit agencies, financial firms

The Credit Risk Manager focuses on overseeing and managing the overall credit risk policies and teams, while the Credit Analyst conducts detailed credit assessments of individual borrowers. Both roles require similar credentials and are integral to credit decision processes, but they differ in scope and responsibilities.

More about Credit Risk Manager jobs

What are the most commonly searched types of Credit Risk jobs in Chicago, IL?

The most popular types of Credit Risk jobs in Chicago, IL are:

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

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

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

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

What cities near Chicago, IL are hiring for Credit Risk Manager jobs?

Cities near Chicago, IL with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 67% In-person, and 33% Hybrid job distribution, with an average salary of $163,085 per year, or $78.4 per hour.

Risk Management - Credit Officer - Executive Director

JPMorgan Chase & Co

Chicago, IL • On-site

Full-time

Medical, Retirement

Re-posted 22 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 493 frontline employees who took The Breakroom Quiz

71st of 171 rated banks

Job description

Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. 

As a Credit Officer Director in Risk Management and Compliance, you will lead credit risk evaluation in the Chicago and Minneapolis regions for multifamily term loans generally ranging from $1 million to $25 million+, ensuring decisions align with risk appetite and strong risk controls. You will oversee a high-volume credit environment, provide clear guidance on complex approvals, and mentor and develop talent while partnering broadly across the business, risk and key stakeholders. 

Job Responsibilities

  • Lead and manage the Chicago risk team's execution of credit analysis in a high-volume environment, maintaining the highest standards of quality and risk controls. 
  • Evaluate and manage risk in complex transactions, including items requiring elevated approval authority and heightened judgment. 
  • Enhance market and portfolio discussions by identifying key risk considerations, highlighting relevant portfolio metrics, and surfacing emerging regional trends.
  • Cultivate and sustain strong partnerships with internal stakeholders across the business and operations to help ensure timely, well-informed outcomes.
  • Establish broad, collaborative relationships across CTL Risk functions and with senior stakeholders to support consistent regional execution. 
  • Apply relevant policies, standards, procedures, and regulatory requirements across all credit analysis activities, ensuring strong governance and controls. 
  • Implement change and lead strategic initiatives aligned with functional goals, with an innovation-minded and resilient approach. 
  • Develop individuals through active coaching, mentoring, and regular training, strengthening the team's capability and bench. 
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge. 

Required qualifications, capabilities, and skills

  • Bachelor's degree in a business or finance concentration (or equivalent experience). 
  • 10+ years of experience in commercial real estate lending, credit analysis, and/or loan workouts. 
  • Proven management background, with a track record of leading teams and effectively coaching, supporting, and motivating employees at different stages of development.
  • Strong knowledge of the Chicago commercial real estate market, with the ability to provide insights on key market themes and emerging trends.
  • Thorough understanding of multifamily property valuations and cash flow analysis, including evaluating property cash flows, valuation, and personal financial statements. 
  • Superior interpersonal, verbal and written communication and presentation skills.
  • Strong stakeholder management skills, with the ability to build collaborative relationships across risk and business partners. 
  • Demonstrated experience applying policies, standards, procedures, and regulatory requirements in credit decisioning and analysis activities. 
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems. 

Preferred qualifications, capabilities, and skills 

  • Advanced degree in a related field and/or real estate coursework. 
  • Experience managing loan underwriters in commercial real estate or agency lending (for example, Fannie Mae or Freddie Mac). 
  • Experience with proprietary credit risk management tools and related system enablement
  • Experience with large language model tools. 
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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