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Credit Risk Monitor Jobs in Burr Ridge, IL (NOW HIRING)

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

Manage counterparty credit risk assessment and ongoing monitoring for clearing members. * Develop position limits, concentration risk policies, and large trader surveillance. * Build default fund ...

Analyze customer financial information, credit reports, and references to assess risk * Monitor accounts receivable aging and lead collection efforts on past-due balances * Manage customer credit ...

Design and build robust credit risk models, including application scorecards, behavioral models ... Develop and enhance processes and tools to monitor model performance and input and output data ...

Design and build robust credit risk models, including application scorecards, behavioral models ... Develop and enhance processes and tools to monitor model performance and input and output data ...

Monitor market, country, and customer trends and collaborate with regional credit teams to identify emerging risk patterns * Ensure accurate SAP credit data and manage credit-related order blocks (e ...

Credit & Collections Analyst

Naperville, IL · On-site

$25.91 - $34.50/hr

Credit & Collections Analyst Position Summary The Credit & Collections Analyst is responsible for ... Monitor customer accounts for changes in risk profile and recommend appropriate actions Accounts ...

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Credit Risk Monitor information

See Burr Ridge, IL salary details

$85.3K

$156.2K

$236.3K

How much do credit risk monitor jobs pay per year?

As of Jul 24, 2026, the average yearly pay for credit risk monitor in Burr Ridge, IL is $156,208.00, according to ZipRecruiter salary data. Most workers in this role earn between $131,700.00 and $175,100.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Credit Risk Monitors in their day-to-day work?

Credit Risk Monitors often contend with the challenge of evaluating complex financial data from multiple sources to assess a borrower's creditworthiness. They must stay updated on changing market conditions and regulatory requirements, which can impact risk assessments. Another frequent challenge is balancing the need for thorough analysis with tight reporting deadlines. Collaboration with other departments, such as loan officers and compliance teams, is essential for obtaining accurate information and ensuring company policies are followed.

What are the key skills and qualifications needed to thrive as a Credit Risk Monitor, and why are they important?

To thrive as a Credit Risk Monitor, you need strong analytical skills, financial acumen, and a background in finance, accounting, or economics, often supported by a relevant degree. Familiarity with risk assessment tools, credit scoring models, and platforms such as Moody’s Analytics or S&P Global Market Intelligence is typically required. Attention to detail, effective communication, and sound judgment help in interpreting data and conveying risk findings to stakeholders. These skills are essential to accurately evaluate creditworthiness and support informed decision-making that protects organizational assets.

How do I become a Credit Risk Analyst?

To become a Credit Risk Analyst, candidates typically need a bachelor's degree in finance, economics, accounting, or a related field. Relevant skills include financial analysis, data interpretation, and proficiency with tools like Excel or specialized risk management software; professional certifications such as CFA or FRM can enhance prospects. Gaining experience through internships or entry-level roles in finance or credit analysis is also valuable.

What is a Credit Risk Analyst's salary?

A Credit Risk Analyst's salary typically ranges from $55,000 to $85,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications like CFA can earn higher salaries, often with additional bonuses or benefits.

What is a Credit Risk Monitor?

A Credit Risk Monitor is a professional responsible for analyzing and assessing the credit risk associated with lending or extending credit to individuals or organizations. They monitor financial statements, payment histories, and market trends to evaluate the likelihood of default. Credit Risk Monitors help financial institutions and businesses minimize losses by providing recommendations on credit limits, terms, and risk mitigation strategies. Their work is essential for maintaining the financial health and stability of organizations that rely on credit transactions.

What does CreditRiskMonitor do?

A Credit Risk Monitor analyzes the financial health of companies to assess their creditworthiness and potential risk of default. The role involves monitoring financial data, using tools like financial statements and credit reports, to help organizations manage credit exposure and make informed lending or investment decisions.

What is the difference between Credit Risk Monitor vs Credit Analyst?

AspectCredit Risk MonitorCredit Analyst
Required credentialsTypically requires finance, economics, or related degrees; certifications like CFA are a plusSimilar educational background; certifications like CFA or CPA can be advantageous
Work environmentFinancial services, credit risk assessment, often in corporate or agency settingsBanking, lending institutions, or corporate finance departments
Employer and industry usageUsed by credit rating agencies, financial institutions, and risk management firmsCommon in banks, investment firms, and credit departments

While both roles involve financial analysis and risk assessment, Credit Risk Monitors focus on monitoring and analyzing credit risks at a broader level, often involving data aggregation and industry trend analysis. Credit Analysts typically evaluate individual creditworthiness of clients or companies to inform lending decisions. Understanding these distinctions helps in choosing the right career path or job search focus.

Does credit risk pay well?

Credit risk professionals, including credit risk analysts and monitors, typically earn competitive salaries that vary by experience, location, and industry. Entry-level roles may start with moderate pay, while experienced analysts with certifications like CFA can earn higher salaries, often supplemented by bonuses and benefits. Overall, credit risk roles are considered financially rewarding within the finance and risk management sectors.
What are popular job titles related to Credit Risk Monitor jobs in Burr Ridge, IL? For Credit Risk Monitor jobs in Burr Ridge, IL, the most frequently searched job titles are:
What cities near Burr Ridge, IL are hiring for Credit Risk Monitor jobs? Cities near Burr Ridge, IL with the most Credit Risk Monitor job openings:
Vice President, Trade Risk Distribution & Trade Credit Insurance Management

Vice President, Trade Risk Distribution & Trade Credit Insurance Management

Bank of Montreal

Chicago, IL • On-site

$135K - $160K/yr

Full-time

Medical, Life, Retirement

Posted 9 days ago


Job description

Application Deadline:
07/31/2026
Address:
320 S Canal Street
Job Family Group:
Capital Mrkts Sales & Service
Position Summary
The Vice President, Trade Risk Distribution & Trade Credit Insurance Management will support the growth and risk management of the bank's Supply Chain Finance, Receivables Finance, and Working Capital Solutions business through trade asset distribution and trade credit insurance activities. The role is responsible for developing investor and insurer relationships, supporting transaction execution, optimizing portfolio risk, and enhancing capital efficiency.
The successful candidate will work closely with Origination, Credit, Treasury, Legal, Operations, and external market participants to facilitate the distribution and insurance of trade-related assets.
Key Responsibilities
Trade Risk Distribution
  • Support the distribution of trade finance and working capital assets to banks, financial institutions, institutional investors, and trade asset managers.
  • Develop and maintain active relationships with distribution partners and investor networks.
  • Assist in structuring and executing participations, assignments, and other risk transfer transactions.
  • Monitor market appetite, pricing, liquidity, and investor requirements to support transaction execution.
  • Partner with Origination and Credit teams to identify opportunities for risk distribution and portfolio optimization.

Trade Credit Insurance Management
  • Manage relationships with trade credit insurers, brokers, and underwriters.
  • Support the placement, renewal, and ongoing management of trade credit insurance programs.
  • Negotiate policy terms, pricing, limits, and coverage enhancements.
  • Monitor insurance capacity utilization, portfolio concentrations, and insurer performance.
  • Evaluate insurance solutions that support growth, risk mitigation, and capital efficiency objectives.

Risk Management & Portfolio Oversight
  • Assess credit, operational, and transaction risks associated with trade and supply chain finance structures.
  • Perform portfolio analysis and identify emerging risks, trends, and concentrations.
  • Support transaction approvals by providing distribution and insurance-related risk assessments.
  • Ensure adherence to internal policies, controls, and governance requirements.

Market Intelligence & Strategic Support
  • Maintain a strong understanding of:
    • Trade Finance
    • Supply Chain Finance
    • Receivables Purchase Facilities
    • Payables Finance Programs
    • Trade Credit Insurance
    • Trade Asset Distribution Markets
  • Monitor competitive developments, investor demand, insurer appetite, and market trends.
  • Contribute ideas that enhance product competitiveness, scalability, and profitability.

Process Improvement & Governance
  • Identify opportunities to improve processes, controls, reporting, and operational efficiency.
  • Assist in developing portfolio reporting, analytics, and management information.
  • Support governance and documentation requirements for distribution and insurance activities.
  • Promote best practices and disciplined execution across the business.

Qualifications
  • 6-10+ years of experience in Trade Finance, Supply Chain Finance, Working Capital Solutions, Trade Credit Insurance, Risk Distribution, Credit Risk, or related fields.
  • Existing relationships within:
    • Financial Institutions
    • Trade Asset Managers
    • Trade Credit Insurance Providers
    • Insurance Brokers
  • Strong understanding of:
    • Credit analysis and risk assessment
    • Trade and supply chain finance structures
    • Risk transfer and distribution strategies
    • Trade credit insurance products and underwriting considerations
    • Working capital and liquidity solutions
  • Strong organizational and project management skills with the ability to manage multiple priorities.
  • Self-starter with a proactive, solutions-oriented mindset.
  • Ability to independently assess risks and exercise sound judgment.
  • Strong analytical, communication, and relationship management skills.
  • Proficiency in portfolio analytics, reporting, and transaction management.

Key Success Factors
  • Builds and maintains strong investor and insurer relationships.
  • Demonstrates sound credit judgment and risk awareness.
  • Executes transactions efficiently and with attention to detail.
  • Identifies opportunities for process improvement and scalability.
  • Operates with a high degree of accountability, organization, and ownership.
  • Collaborates effectively across business, risk, operations, and external stakeholder groups.

The salary range for this role is $135,000 up to $160,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)
Salary:
Pay Type:
Salaried
The above represents BMO Financial Group's pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.
To find out more visit us at http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

BMO logo

About BMO

Sourced by ZipRecruiter

BMO, or Bank of Montreal, is one of the biggest multinational banking and financial services corporations in North America. Developed in 1817, BMO's American headquarters are located ideally in Chicago, Illinois while its main world headquarters are situated in Montreal. The bank operates in a multitude of sectors including personal and commercial banking, wealth management and investment banking products and solutions. Over the years, BMO has been recognized for its commitment to doing what's right for its customers, employees, and society.

Industry

Banking and credit intermediation

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US

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