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

Banterra Corp.

Financial Reporting Manager

Marion, IL

$78K - $102K/yr

... risk management best practices, as well as complying with all applicable laws, regulations, and ... Oversee the Allowance for Credit Losses (ACL) calculation process * Assist in preparing budget ...

Banterra Bank

Financial Reporting Manager

Marion, IL · On-site

$78K - $102K/yr

... risk management best practices, as well as complying with all applicable laws, regulations, and ... Oversee the Allowance for Credit Losses (ACL) calculation process * Assist in preparing budget ...

U.S. Navy

Bomb Technician

Carbondale, IL

... safety and risk management; regular integration with Special Operations, fleet units, and ... recommended college credit for Navy training, Navy COOL-funded certifications, USMAP ...

US Navy

Bomb Technician (EOD)

Marion, IL

... safety and risk management; regular integration with Special Operations, fleet units, and ... recommended college credit for Navy training, Navy COOL-funded certifications, USMAP ...

U.S. Navy

Bomb Technician

Carterville, IL

... safety and risk management; regular integration with Special Operations, fleet units, and ... recommended college credit for Navy training, Navy COOL-funded certifications, USMAP ...

US Navy

Bomb Technician (EOD)

Herrin, IL

... safety and risk management; regular integration with Special Operations, fleet units, and ... recommended college credit for Navy training, Navy COOL-funded certifications, USMAP ...

U.S. Navy

Bomb Technician

Herrin, IL

... safety and risk management; regular integration with Special Operations, fleet units, and ... recommended college credit for Navy training, Navy COOL-funded certifications, USMAP ...

U.S. Navy

Bomb Technician

Du Quoin, IL

... safety and risk management; regular integration with Special Operations, fleet units, and ... recommended college credit for Navy training, Navy COOL-funded certifications, USMAP ...

U.S. Navy

Bomb Technician

Murphysboro, IL

... safety and risk management; regular integration with Special Operations, fleet units, and ... recommended college credit for Navy training, Navy COOL-funded certifications, USMAP ...

U.S. Navy

Bomb Technician

Energy, IL

... safety and risk management; regular integration with Special Operations, fleet units, and ... recommended college credit for Navy training, Navy COOL-funded certifications, USMAP ...

U.S. Navy

Bomb Technician

West Frankfort, IL

... safety and risk management; regular integration with Special Operations, fleet units, and ... recommended college credit for Navy training, Navy COOL-funded certifications, USMAP ...

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Showing results 1-20

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

Credit Risk Manager information

See Murphysboro, IL salary details

$78.4K

$143.5K

$217.1K

How much do credit risk manager jobs pay per year?

As of Jul 18, 2026, the average yearly pay for credit risk manager in Murphysboro, IL is $143,483.00, according to ZipRecruiter salary data. Most workers in this role earn between $121,000.00 and $160,900.00 per year, depending on experience, location, and employer.

What are the 5 C's of credit risk management?

The 5 C's of credit risk management are Character, Capacity, Capital, Collateral, and Conditions. These factors help credit risk managers evaluate a borrower's ability and willingness to repay a loan, guiding credit decisions and risk assessments. Understanding these principles is essential for effective credit analysis and maintaining financial stability.

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 the highest salary for a risk manager?

The highest salary for a Credit Risk Manager can exceed $150,000 annually, especially in large financial institutions or with extensive experience and advanced certifications. Senior risk managers in major markets or with specialized skills may earn even higher compensation, including bonuses and incentives.

What are Credit Risk Managers?

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 is the role of a credit risk manager?

A credit risk manager is responsible for assessing and monitoring the creditworthiness of clients and borrowers to minimize financial losses. They analyze financial data, develop risk mitigation strategies, and ensure compliance with lending policies, often using tools like credit scoring models and financial analysis software.

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.

Does credit risk pay well?

Credit Risk Managers typically earn competitive salaries that vary by industry, experience, and location. They often receive additional benefits and may need certifications such as CFA or FRM, which can influence compensation levels.
More about Credit Risk Manager jobs
What cities near Murphysboro, IL are hiring for Credit Risk Manager jobs? Cities near Murphysboro, IL with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Credit Analyst - Carbondale IL

Credit Analyst - Carbondale IL

SIU Credit Union

Carbondale, IL

Full-time

Medical, Retirement, PTO

Posted 10 days ago

Job description

Are you a detail-oriented professional with a passion for helping others achieve their financial goals? SIU Credit Union is a strong, growing financial institution serving southern Illinois. We operate with a "people-first" philosophy, and we are looking for a skilled Credit Analyst to join our team in Carbondale.

As a Credit Analyst, you will play a pivotal role in our lending process, using your analytical expertise to make sound credit decisions while providing exceptional service to our internal team and our community of members.

What You'll Do

In this role, you aren't just crunching numbers-you are helping our members secure their futures. Your core responsibilities will include:

  • Loan Adjudication: Evaluate, approve, or deny consumer loans, credit cards, and indirect loans.

  • Strategic Judgment: Exercise professional skill and sound judgment in the extension of credit, ensuring a balance between growth and risk management.

  • Relationship Building: Foster positive, professional relationships with our members and fellow employees to support a collaborative environment.

What We're Looking For

We are seeking a candidate who balances technical proficiency with a service-oriented mindset.

  • Experience: Minimum of three years of lending experience.

  • Skills: Exceptional communication and analytical skills with a sharp eye for detail.

  • Education: High school diploma or equivalent.

  • Requirements: Must be bondable.

  • Mindset: Someone who genuinely enjoys helping others and thrives in a community-focused environment.

Why SIU Credit Union?

  • Competitive Salary: We value your expertise and offer pay that reflects your skills.

  • Comprehensive Benefits: A full program designed to support your health and future.

  • Growth: Join a thriving organization that is deeply rooted in the Southern Illinois community.

  • Perks: We offer paid time off, paid holidays, and a 401(k) profit share option.

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