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

IMC

Experienced Risk Manager

Chicago, IL

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on ... Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ...

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 ...

Alero Financial

Third Party Risk Manager

Elgin, IL · On-site

$120K - $150K/yr

The Third Party Risk Manager oversees the Credit Union's third-party risk management (TPRM) program under the direction and oversight of the First Vice President, Enterprise Risk Management. This ...

New

Adyen

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 ...

IMC B.V.

Experienced Risk Manager

Chicago, IL · On-site

$150 - $210/hr

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on ... Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on ... Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ...

PNC Bank

Home Lending Credit Director

Chicago, IL · On-site

As a Home Lending Credit Director within PNC's Risk Management organization, you will be located within PNC's footprint. The Home Lending Credit Director is the senior executive responsible for the ...

Devon Bank

SVP Chief Credit Officer

Chicago, IL · On-site

$135K - $165K/yr

Manage the credit risk assessment team, guiding them in the evaluation of borrowers' financial health and repayment capabilities. * Design and implement effective credit monitoring systems to ...

Devon Bank

SVP Chief Credit Officer

Chicago, IL · On-site

$135K - $165K/yr

Manage the credit risk assessment team, guiding them in the evaluation of borrowers' financial health and repayment capabilities. * Design and implement effective credit monitoring systems to ...

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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.
More about Credit Risk Manager jobs

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

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

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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.

Experienced Risk Manager

IMC

Chicago, IL

Full-time

Re-posted 5 days ago

Job description

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on Delta One business. Risk at IMC is deeply integrated with trading-we don't operate as a separate control function. Instead, we work sideby-side with traders and technology teams to understand risk, challenge assumptions, and help build the frameworks that support better trading decisions. Our team has a broad mandate across market, credit, capital, and operational risk. Rather than assigning rigid responsibilities, we encourage people to contribute wherever they can have the greatest impact. You'll collaborate daily with traders, quantitative researchers, and software engineers while helping shape the firm's approach to risk across existing and emerging trading strategies. This is an opportunity to join a highly collaborative team with significant visibility across the business, direct exposure to senior leadership, and the ability to influence both day-to-day trading decisions and the long-term evolution of IMC's risk framework. 
 
 
Your Core Responsibilities: 

  • Partner closely with traders to identify, monitor, and manage risk across a wide range of trading strategies 

  • Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios

  • Develop and enhance risk methodologies for products including equities, ETFs, futures, and other exchange-traded instruments 

  • Analyze concentration risk, tail-event scenarios, and other portfolio-level exposures to improve risk visibility and decision-making 

  • Build and enhance quantitative risk tools, reporting, and monitoring frameworks using Python 

  • Partner with software engineering teams to improve risk infrastructure and automate risk workflows 

  • Work closely with traders to evaluate new strategies, products, and markets while ensuring appropriate risk controls are in place

  • Challenge existing processes and propose new frameworks that improve how IMC understands and manages risk

      

Your Skills and Experience: 

  • 5+ years of experience in financial risk management, quantitative risk, or a related front-office risk function

  • Experience supporting exchange-traded products such as equities, ETFs, futures, or other linear products

  • Familiarity with Delta One trading strategies

  • Strong analytical and quantitative problem-solving skills  

  • Proficiency in Python for data analysis, risk analytics, or automation 

  • Working knowledge of SQL is preferred

  • Ability to communicate complex quantitative concepts to traders, engineers, and business stakeholders

  • Comfortable working in a highly collaborative, fast-paced environment with significant ownership and autonomy

  • FINRA SIE and Series 57, or willingness to obtain them after joining IMC

 
Please note that immigration sponsorship is not offered for this specific opening.
 

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