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

Bmo

Data Scientist / Portfolio Risk Manager

Chicago, IL · On-site

$74K - $138K/yr

The position is responsible for contributing to key risk management related business processes such as credit performance monitoring, retail risk policy/strategy development, credit loss reserving ...

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Credit Risk Manager information

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$86.4K

$158.1K

$239.1K

How much do credit risk manager jobs pay per year?

As of May 28, 2026, the average yearly pay for credit risk manager in Naperville, IL is $158,076.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,300.00 and $177,200.00 per year, depending on experience, location, and employer.

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 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.

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 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.

Does credit risk pay well?

Credit risk managers typically earn competitive salaries that vary based on experience, location, and industry. They often receive additional benefits and may need certifications such as CFA or FRM, with higher salaries generally associated with senior roles and specialized skills.

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 Naperville, IL? The most popular types of Credit Risk jobs in Naperville, IL are:
What are popular job titles related to Credit Risk Manager jobs in Naperville, IL? For Credit Risk Manager jobs in Naperville, IL, the most frequently searched job titles are:
What job categories do people searching Credit Risk Manager jobs in Naperville, IL look for? The top searched job categories for Credit Risk Manager jobs in Naperville, IL are:
What cities near Naperville, IL are hiring for Credit Risk Manager jobs? Cities near Naperville, IL with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Capital Markets Risk Solutions Specialist

Capital Markets Risk Solutions Specialist

Northern Trust

Chicago, IL • Hybrid

$114.70K - $194.90K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 22 days ago

Northern Trust rating

7.7

Company rating: 7.7 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

Job description

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

The role of Risk Solutions Specialist- Capital Markets is responsible for establishing and maintaining stress testing strategies for counterparty credit risk that support prudent risk management, minimize potential losses, and ensure full compliance with supervisory guidance.

The position will be responsible for the design, governance, and ongoing enhancement of counterparty stress testing frameworks across Financial Risk, ensuring alignment with evolving market conditions, regulatory expectations, internal risk appetite, and prevailing market practices. This includes assessing stress methodologies, scenario design, data integrity, and result interpretation to support effective risk identification and decisionmaking.

Role Overview

This is a highly visible role within Northern Trust's Risk Management organization, offering the opportunity to work at the intersection of markets, counterparty credit risk, and stress testing. The successful candidate will provide consultative risk coverage to Capital Markets trading teams, delivering scenariobased insights that support sound risk taking and regulatory compliance.

The role offers regular exposure to senior management and risk committees, along with broad collaboration across the firm-including Trading, Risk, Treasury, Modeling, Economics, Finance, and Technology-making it ideal for a candidate who thrives in a dynamic, crossfunctional environment.

Key Responsibilities

  • Play a central role in the Counterparty Credit Stress Testing framework, including scenario design, execution, analysis, and presentation of results to senior management.
  • Design and interpret marketdriven stress scenarios (rates, FX, credit spreads, equity, liquidity), translating market shocks into counterparty credit risk impacts.
  • Leverage Aladdin, BarraOne, Bloomberg, MSCI RiskManager, and similar platforms to analyze stressed exposures, sensitivities, and concentrations.
  • Support Securities Finance and other Capital Markets counterparty portfolios, including VaR execution, stress analysis, and escalation of material risks.
  • Partner closely with Trading desks, Treasury, Risk, and Economics teams to develop stressed but plausible stressed scenarios tails.
  • Support new and evolving business activities, advising on credit risk implications and appropriate monitoring frameworks.

Qualifications & Experience

  • 5+ years of experience in financial services, with a focus on Capital Markets and Counterparty Credit Risk.
  • Strong understanding of capital markets products (Foreign Exchange, Securities Lending, Repos, Treasury, Investment Securities).
  • Handson experience with risk and performance analytics tools (Aladdin, BarraOne, MSCI RiskManager or similar).
  • Proven ability to design, execute, and interpret stress testing scenarios and explain results in a clear, businessfocused manner.
  • Strong communication skills and comfort engaging with senior stakeholders.
  • Bachelor's degree required; Master's degree and/or FRM/PRM preferred.

#LI-LK2, #LI-Hybrid

Salary Range:

$114,700 - 194,900 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.


We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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