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Credit Risk Monitor Jobs in Elmhurst, IL (NOW HIRING)

CIBC

Credit Monitoring & Control Specialist

Chicago, IL · On-site

$70K - $85K/yr

This position is a key role in the Bank's Risk Management Department and reports to the Credit Monitoring & Control Team Lead. Review both traditional and complex credit approval documents (credit ...

CIBC US

Credit Monitoring & Control Specialist

Chicago, IL · Hybrid

$70K - $85K/yr

This position is a key role in the Bank's Risk Management Department and reports to the Credit Monitoring & Control Team Lead. Review both traditional and complex credit approval documents (credit ...

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Credit Risk Monitor information

See Elmhurst, IL salary details

$86.2K

$157.7K

$238.5K

How much do credit risk monitor jobs pay per year?

As of Jul 26, 2026, the average yearly pay for credit risk monitor in Elmhurst, IL is $157,676.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,000.00 and $176,800.00 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 cities near Elmhurst, IL are hiring for Credit Risk Monitor jobs? Cities near Elmhurst, IL with the most Credit Risk Monitor job openings:
Credit Risk Monitor jobs near you
Manager Credit Risk Analysis

Manager Credit Risk Analysis

Federal Home Loan Bank of Chicago

Chicago, IL • Hybrid

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted yesterday

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

  • Collaborative, in-office operating model

  • Retirement program (401k and Pension)

  • Medical, dental and vision insurance

  • Lifestyle Spending Account

  • Competitive PTO plan

  • 11 paid holidays per year

      Who we are

      Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.

      Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.

      What it's like to work here

      At FHLBank Chicago, we bring people together. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided with an allocation of remote days to use as needed throughout the year.

      What you'll do

      The Manager, Credit Analysis will have primary responsibility for management and oversight of the depository and CDFI credit team. The team consists of two additional analysts and is responsible for the credit requirements related to the Bank's depository and CDFI members. Responsibilities include the support of the Bank's mission critical models for depositories and all associated policies and processes.

      How you'll make an impact

      • Closes a critical management gap in depository/CDFI credit risk oversight, enabling faster risk rating decisions and stronger analyst development across a 445-bank, 103-credit union, 9-CDFI portfolio.

      • Frees senior leadership capacity for board, regulatory, and strategic priorities by shifting day-to-day team management and brief oversight to a dedicated manager.

      • Strengthens succession and bench depth, pairing an experienced SME manager with existing analysts to accelerate their leadership readiness.

      What you can expect

      • Management responsibilities of a team of two credit analysts which includes priority setting, skill development and performance management.

      • Perform analysis on and recommend approval for new and/or continuing borrowers.

      • Lead team through quarterly credit analysis and risk rating of borrowers.

      • Recommend credit and collateral terms for depositories and CDFIs.

      • Work with Relationship Managers and borrowers on risk mitigation strategies and structures.

      • Develop and manage internal models for assessing credit risk and assigning risk ratings.

      • Develop and implement credit underwriting standards for borrowers.

      • Monitor economic trends and regulatory developments and their impact on borrowers.

      • Report to regulators, senior management, and Credit Committee.

      • Work with IT on credit systems and with other teams in the Bank on strategic projects.

      • Provide active management and thought leadership to your immediate team to aide in their development in credit underwriting, analytic skills and leadership development.

      • Surveillance of existing depository and CDFI members for material changes in credit quality.

      • Analyze the creditworthiness of financial institutions that pose an elevated credit risk to the Bank and make appropriate recommendations.

      • Maintain and develop credit models to support the analytics regime supporting the Credit risk rating process.

      • Foster collaborative relationship with our Sales team to support of our financial institution members and counterparties.

      What you'll bring

      • Bachelor's degree in Finance, Accounting, Management, Economics or other business-related discipline. MBA or other Master's level degree preferred.

      • 5-10 years of experience in credit underwriting of financial institutions.

      • Excellent interpersonal communication skills (written, oral, and listening) are required.

      • Strong analytic abilities, including credit underwriting experience, the ability to manipulate large data sets, and robust modeling skills.

      • At ease working within a team-based environment.

      • Time management and an ability to display initiative are necessary.

      • Must be self-directed with high energy level.

      • MS Office products.

      • Tableau, VBA, R, S&P CapIQ, and Bloomberg experience is a preferred.

      The Perks

      At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

      Salary Range:

      $125,825.00 - $221,275.00

      The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

      Apply