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

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Bomb Technician (EOD)

Normal, IL · On-site

... 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)

Washington, 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)

Lincoln, 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)

Roanoke, 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)

Mansfield, 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)

Lexington, 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)

Hudson, 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)

Danvers, IL

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

COUNTRY Financial

P/C Senior Actuary

Bloomington, IL · On-site

$110K - $151.25K/yr

... risk management, carried reserves and/or profitability. May direct simple to complex actuarial ... Maintains appropriate Continuing Education credit to maintain Actuarial credentials. - Researches ...

Countryfinancial

P/C Senior Actuary

Bloomington, IL

$110K - $151.25K/yr

... risk management, carried reserves and/or profitability. May direct simple to complex actuarial ... Maintains appropriate Continuing Education credit to maintain Actuarial credentials. - Researches ...

Busey Bank

Relationship Banker | LeRoy

Le Roy, IL

$18 - $20.50/hr

Loan & Credit Processing * Refer clients with credit needs to the appropriate banker or line of ... Compliance & Risk Management * Adhere to all bank policies, procedures, and regulatory requirements ...

Busey Bank

Relationship Banker | LeRoy

Le Roy, IL · On-site

$18 - $20.50/hr

Loan & Credit Processing * Refer clients with credit needs to the appropriate banker or line of ... Compliance & Risk Management * Adhere to all bank policies, procedures, and regulatory requirements ...

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Credit Risk Manager information

See Normal, IL salary details

$84.6K

$154.8K

$234.2K

How much do credit risk manager jobs pay per year?

As of May 28, 2026, the average yearly pay for credit risk manager in Normal, IL is $154,776.00, according to ZipRecruiter salary data. Most workers in this role earn between $130,500.00 and $173,500.00 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 job categories do people searching Credit Risk Manager jobs in Normal, IL look for? The top searched job categories for Credit Risk Manager jobs in Normal, IL are:
What cities near Normal, IL are hiring for Credit Risk Manager jobs? Cities near Normal, IL with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you

SAP Record to Report (R2R) - FICO Lead Consultant

United IT Solutions

Normal, IL • Hybrid

$55.50 - $71.50/hr

Other

This job post has expired today. Applications are no longer accepted.

Job description

JD:
Business Engagement & Solution Design
• Lead business requirement gathering sessions and translate functional needs into scalable SAP solutions.
• Define 'Definition of Done' for each R2R deliverable in alignment with stakeholders.
• Design and document end-to-end FICO processes including GL, AP, AR, AA, CO, RAR, and Bank Accounting.
Implementation & Configuration
• Configure SAP FICO modules including OBYC, VKOA, Automatic Payment Program (APP), Dunning, EBS, and SEPA payments.
• Implement advanced functionalities such as SAP FSCM, In-House Cash, Bank Communication Management (BCM), Credit & Dispute Management, and Revenue Accounting and Reporting (RAR).
• Set up Controlling Area, Profit Centers, Cost Centers, Internal Orders, and Cost Elements.
Integration & Technical Oversight
• Ensure tight integration with MM, SD, and banking interfaces (e.g., SWIFT MT101/MT940, BAI2, ISO 20022 XML formats).
• Coordinate with ABAP and Middleware teams for bespoke development, conversion rules, and technical cutover planning.
Testing & Deployment
• Create test scripts, lead functional testing, support UAT with business users, and manage defect resolution.
• Lead cutover planning, perform data validation, and ensure smooth transition to Production.
Project Governance & Risk Management
• Maintain RAID logs, track milestones, and proactively identify risks and dependencies.
• Lead triage of incidents and service requests via SNOW/JIRA in ongoing support phases.
Must-Have Skills & Experience
• Proven experience in 2+ full-cycle SAP implementations in a lead FICO consultant role.
• Deep expertise in SAP General Ledger, AP, AR, Asset Accounting, Bank Accounting, Controlling, and Revenue Accounting and Reporting (RAR).
• Hands-on configuration of FSCM modules: Credit, Collections, Dispute Management, IHC, and BCM.
• Strong understanding of FI-MM and FI-SD integration, including OBYC, LIV, ERS, and consignment processes.
• Experience with Treasury functions, SEPA, BAI2, and SWIFT payment interfaces.
• Familiarity with EBS, DME, MBC, and electronic bank statement configurations.
• Ability to lead projects using Agile or Hybrid methodologies, including sprint planning and backlog grooming.
Preferred Qualifications
• Exposure to SAP Central Finance or S/4HANA migration is a plus.
• Experience with third-party banking platforms and middleware integration tools.
• Knowledge of Project Systems (PS) or Product Costing will be an advantage.
Soft Skills
• Strong communication, stakeholder management, and team leadership skills.
• Solution-oriented mindset with ability to drive clarity in ambiguous situations.
• Comfortable operating across time zones and global teams.

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