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

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site +1

$125K - $255K/yr

As part of the respective credit risk focus area, develop and manage a credit review program which assesses the management framework in selecting, underwriting, and administering the direct and ...

Crowe LLP

Model Risk Manager

Chicago, IL · On-site

$106.60 - $217.90/hr

Credit risk model types (e.g., CECL, PD/LGD, Roll Rate, Scorecards, Stress Testing, etc.). * Other model types (e.g., Asset Liability Management, Pricing, Mortgage Servicing Rights, etc.). * Direct ...

DRiV

Insurance Risk Manager

Skokie, IL · Hybrid

Partner with Treasury on financial risk management initiatives, including counterparty credit risk, banking risk assessments, and treasury operational risk. * Support Treasury governance initiatives ...

Triwill Group

Senior Financial Risk Analyst

Chicago, IL · On-site

$125 - $170/hr

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 · 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 ...

Deloitte

Financial Risk Manager

Chicago, IL · On-site

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

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Showing results 21-40

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

Credit Risk Manager information

See Schaumburg, IL salary details

$85.3K

$156K

$236.1K

How much do credit risk manager jobs pay per year?

As of Sep 5, 2026, the average yearly pay for credit risk manager in Schaumburg, IL is $156,045.00, according to ZipRecruiter salary data. Most workers in this role earn between $131,600.00 and $175,000.00 per year, depending on experience, location, and employer.

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 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 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.

How much do credit risk managers make in the US?

Credit risk managers in the US typically earn a median annual salary of around $85,000 to $125,000, with experienced professionals and those in senior roles earning higher. Salaries can vary based on industry, location, and level of experience, and certifications like CFA or FRM can enhance earning potential.
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For Credit Risk Manager jobs in Schaumburg, IL, the most frequently searched job titles are:

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

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

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Schaumburg, IL as of August 2026, with employment types broken down into 86% Full Time, 13% Part Time, and 1% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $156,045 per year, or $75 per hour.

Senior Risk Analyst - Credit Risk & Marketing Analytics

Acunor Inc

Chicago, IL • On-site

Other

Re-posted 26 days ago

Job description

Job Titile: Senior Risk Analyst - Credit Risk & Marketing Analytics

Location: Chicago, IL (Hybrid - once a month)

Job Type: Full Time

Job Description:

  • Support tactical & strategic risk analytics initiatives for US based banks' Risk team
  • Develop risk policy for Point of Sale (POS) lending, Buy-now-pay-later (BNPL), and Credit Card solutions
  • Design A/B testing frameworks with Design of Experiments (DOE) methodology to optimize risk management programs
  • Policy analytics to make sure correct customer segments are targeted and acquired
  • Recommend changes to business strategy and risk management policies
  • Build reporting/BI frameworks for Risk teams within the organization
  • Evaluate effectiveness of current policies & strategies, manage the monthly dashboards and ad-hoc analysis, analyze tests & performance related to funnel performance, portfolio verification performance and post issuance loan performance
  • Clearly communicate analysis as presentations to technical & non-technical groups
  • Develop and maintain effective working relationships with colleagues in other areas of Risk Management.
  • Summarize analytical findings into presentations and share analysis & reports with senior leadership.
  • Maintain a high degree of technical and policy understanding with respect to credit risk.
  • Manage assigned projects in a timely manner, ensuring accuracy and that deliverables are met.
  • Train, coach and develop team members
  • Lead team across geographies to drive client outcomes

Qualifications:

  • 4+ years of experience in Analytics or Data Science. 2+ years of experience in Risk Analytics or Marketing preferred.
  • Past experience of working with SQL, SAS and Tableau. Advanced knowledge required. (SAS mandatory)
  • Ability to write and create decks and very good communication skills. Ability to present insights and recommendations in a concise manner
  • Past experience in problem solving roles, strategic initiatives etc.
  • Educational Background: Bachelors or MS in Engineering, Mathematics, Physics, Finance, Quantitative fields preferred
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About Acunor

Sourced by ZipRecruiter

Acunor provides high quality digital engineers in the field of Java Full Stack Programming, Pega, Appian, Power BI, Salesforce, DevOps, No-Code & Low-Code, Data Science, Analytics, Data Base and Cloud Native solutions. ​We specialize in providing Java Full Stack Engineers, BPM (Pega, Appian) Consultants, Salesforce Consultants, AWS/Azure/GCP Engineers, Data Scientists, Technical PMs, Program and Engagement Managers. ​Management comprises of highly experienced and seasoned technology executives with vast expertise in Large Scale Development Projects, Cloud Native Solutions and Managed Services.

Industry

It services

Company size

11 - 50 Employees

Headquarters location

Princeton, NJ, US

Year founded

2016

Social media

Twitter

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