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

Chase

Environmental Credit Risk Sr Officer

Chicago, IL · On-site

  • Medical

  • Retirement

Environmental Credit Risk Associate Bring your expertise to JPMorganChase. As part of Risk ... Coordinate and monitor and/or manage requests for proposals, project scope definition, job award ...

CIBC

Credit Monitoring & Control Specialist

Chicago, IL · On-site

$70K - $85K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

Credit Monitoring & Control Specialist

Chicago, IL · On-site

$70K - $85K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

Credit Monitoring & Control Specialist

Chicago, IL · Hybrid

$70K - $85K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 Aug 16, 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?

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.

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 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.

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

Senior Audit Project Manager - Credit Risk

US Bank

Chicago, IL

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago

U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 360 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

The Corporate Audit Services (CAS) Senior Audit Project Manager is a seniorlevel auditor responsible for leading and executing highquality audit engagements covering U.S. Bancorp's credit risk management activities. This role is designed for an experienced internal auditor who brings deep proficiency in audit methodology and execution, along with substantial experience auditing creditrelated areas within a large financial institution.

The Senior Audit Project Manager supports the CAS Senior Audit Manager - Credit Risk in delivering independent assurance and advisory services to senior management and the Audit Committee. The role evaluates the effectiveness of governance, risk management, and internal controls across credit risk processes, including but not limited to credit monitoring, credit reporting, CECL, credit analytics, and credit risk (loan) review.

While this position has no direct reports, it carries significant responsibility for independently completing audit engagements with minimal supervision, providing technical leadership on credit risk audits, and ensuring work meets CAS quality standards and professional auditing requirements.

Primary Responsibilities

  • Independently lead and execute audit engagements, or supervise audit staff when applicable, ensuring timely delivery of highquality, wellsupported audit results.

  • Review and assess audit work to confirm accuracy, completeness, relevance, and adherence to internal audit policies, procedures, and IIA Standards.

  • Evaluate audit issues to ensure appropriate identification of risk exposures, root causes, and practical, effective management action plans.

  • Plan audit engagements by:

    • Understanding and documenting business processes

    • Identifying key risks and controls

    • Assessing control design and operating effectiveness

    • Developing audit programs that clearly support audit objectives

  • Support audit reporting and wrapup activities, including issue disposition and contribution to clear, concise, and wellsupported audit reports.

  • Monitor engagement progress against plan and schedule, proactively addressing risks to delivery and ensuring timely workpaper reviews.

  • Provide onthejob coaching and technical guidance to audit staff, with emphasis on audit execution quality and credit risk subjectmatter application.

  • Collaborate across the three lines of defense and with other CAS audit teams to ensure coordinated, riskfocused, and efficient audit coverage of creditrelated activities.

  • Perform other duties as assigned by management.

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Typically more than 10 years of applicable experience

Preferred Skills and Experience

  • 5 or more years of largebank internal audit experience, including coverage of credit risk-related audit areas, such as (but not limited to):

    • Credit review and loan review functions

    • Credit risk monitoring and reporting

    • CECL, credit loss forecasting, and credit analytics processes

    • Regulatory or supervisory creditfocused testing

  • Experience may be gained through internal audit roles, regulatory agency examinations, or creditfocused audit work at a large public accounting or consulting firm.

  • Strong understanding of banking regulations, safetyandsoundness expectations, and regulatory trends affecting credit risk management.

  • Working knowledge of the IIA Practice Guide on Reliance on Other Assurance Providers.

  • Thorough understanding of IIA Standards and internal control frameworks.

  • Exceptional written and verbal communication skills.

  • Demonstrated critical thinking, professional skepticism, and analytical judgment.

  • Proven ability to manage multiple priorities and adapt to changing audit plans.

  • CIA or other relevant professional certification, or advanced degree, strongly preferred.

*This role requires working from a U.S. Bank location three (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $133,365.00 - $156,900.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

Social media

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