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

Credit Rep II, Zoro Tools

Chicago, IL · On-site

$19.43 - $32.36/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Duties and Responsibilities: - Evaluates business customer creditworthiness and establishes, monitors, and adjusts credit limits in accordance with company policies and risk guidelines. - Reviews and ...

Credit Rep II, Zoro Tools

Chicago, IL · On-site

$19.43 - $32.36/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Duties and Responsibilities: - Evaluates business customer creditworthiness and establishes, monitors, and adjusts credit limits in accordance with company policies and risk guidelines. - Reviews and ...

Industry, borrower, and guarantor risk assessment * Identify and document policy exceptions ... Monitor portfolio performance and covenant compliance, as assigned * Ensure adherence to all ...

Industry, borrower, and guarantor risk assessment * Identify and document policy exceptions ... Monitor portfolio performance and covenant compliance, as assigned * Ensure adherence to all ...

Prepare comprehensive written credit analyses that articulate the financing need, key risk factors, structural considerations, and a well-supported credit recommendation. * Monitor existing borrowers ...

Analyst, Risk Monitoring

Chicago, IL

$68K - $89K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

... our Risk and Credit Group. The primary function of this role is to lead after-hours trading ... Monitor client trading and margin usage on both individual and exchange-wide levels Facilitate ...

Commercial Banking Associate

Chicago, IL · Hybrid

$69K - $127K/yr

  • Medical

  • Life

  • Retirement

Monitor existing credit relationships for performance, covenant compliance, and early warning indicators. * Minimizes BMO's risk exposure by adhering to internal credit policies and procedures with ...

Commercial Banking Associate

Chicago, IL · On-site

$69K - $127K/yr

  • Medical

  • Life

  • Retirement

Monitor existing credit relationships for performance, covenant compliance, and early warning indicators. * Minimizes BMO's risk exposure by adhering to internal credit policies and procedures with ...

Manager, Risk Appetite

Chicago, IL · On-site

$74K - $138K/yr

  • Medical

  • Life

  • Retirement

Support adherence monitoring for policies, standards, and procedures. * Assist in ensuring ... credit risk, market risk, liquidity risk, and or non-financial risks; understanding of Data ...

Showing results 41-60

Credit Risk Monitor information

See Romeoville, IL salary details

$88.2K

$161.4K

$244.2K

How much do credit risk monitor jobs pay per year?

As of Aug 15, 2026, the average yearly pay for credit risk monitor in Romeoville, IL is $161,416.00, according to ZipRecruiter salary data. Most workers in this role earn between $136,100.00 and $181,000.00 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 are popular job titles related to Credit Risk Monitor jobs in Romeoville, IL?

For Credit Risk Monitor jobs in Romeoville, IL, the most frequently searched job titles are:

What cities near Romeoville, IL are hiring for Credit Risk Monitor jobs?

Cities near Romeoville, IL with the most Credit Risk Monitor job openings:

Credit Rep II, Zoro Tools

Zoro Tools

Chicago, IL • On-site

$19.43 - $32.36/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


Job description

Work Location Type:Hybrid

About Zoro:

Zoro is an eCommerce company that's on a mission to help business owners get everything they need to run their businesses and thrive-from office supplies to power tools. But we're way more than a website. We're a team of great people with an award-winning culture. Check us out and see for yourself!

Compensation:

This position is hourly. The anticipated base pay compensation range for this position is $19.43 and$32.36

Rewards and Benefits:

  • Medical, dental, vision, and life insurance coverage starts on day one of employment.
  • Access to up to 50% of your paycheck based on hours worked before payday.
  • 18 paid time off (PTO) days annually for full-time employees (accrual prorated based on employment start date) and 6 company holidays per year.
  • 6% company contribution to a 401(k) Retirement Savings Plan each pay period, no employee contribution required.
  • Employee discounts, parental leave, and other benefits.
  • Safety shoes provided (where applicable).

For additional information and details regarding Zoro's benefits, please click on the link below:

https://experience100.ehr.com/grainger/Home/Tools-Resources/Key-Resources/New-Hire

The pay range provided above is not a guarantee of compensation. The range reflects the potential base pay for this role at the time of this posting based on the job grade for this position. Individual base pay compensation will depend, in part, on factors such as geographic work location and relevant experience and skills.

The anticipated compensation range described above is subject to change and the compensation ultimately paid may be higher or lower than the range described above.

Zoro reserves the right to amend, modify, or terminate its compensation and benefit programs in its sole discretion at any time, consistent with applicable law.

Job Summary:

The Credit Rep II is responsible for managing customer credit risk and supporting the timely collection of accounts receivable. This role evaluates customer creditworthiness, establishes and maintains credit limits, and partners with cross-functional teams to resolve billing issues and reduce past-due balances while supporting business objectives and customer relationships.


Duties and Responsibilities:
- Evaluates business customer creditworthiness and establishes, monitors, and adjusts credit limits in accordance with company policies and risk guidelines.
- Reviews and takes appropriate action on orders held for credit review, including releasing or holding orders based on account status and risk assessment.
- Manages a portfolio of customer accounts to ensure timely payment, minimize delinquency, and reduce overall credit risk exposure.
- Contacts customers to resolve past-due balances and negotiates payment solutions in alignment with company credit and collection policies.
- Investigates and resolves billing discrepancies in partnership with Customer Service and Accounts Receivable to support accurate invoicing and payment.
- Applies credit holds, releases, and payment term adjustments based on account performance and risk evaluation.
- Documents customer interactions and account activity in internal systems and utilizes multiple systems and data sources to assess risk.
- Escalates delinquent or high-risk accounts as appropriate, including coordinating with internal stakeholders and third-party collection agencies.

Qualifications:
- High school diploma or equivalent required
- 3+ years' experience in accounts receivable, credit review, and customer service preferred
- Ability to collaborate and build effective working relationships with stakeholders across multiple levels of the organization
- Ability to communicate clearly and effectively, both verbally and in writing, with customers and internal stakeholders
- Applies analytical thinking and sound judgment to solve problems, adapt to changing priorities, and support business decisions; demonstrates customer focus and proficiency with relevant systems and tools
Preferred Qualifications:
- Direct or peer leadership experience a plus

Zoro is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex (including pregnancy), national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, protected veteran status or any other protected characteristic under federal, state, or local law. We are proud to be an equal opportunity workplace.

We are committed to fostering an inclusive, accessible work environment that includes both providing reasonable accommodations to individuals with disabilities during the application and hiring process as well as throughout the course of one's employment, should you need a reasonable accommodation during the application and selection process, including, but not limited to use of our website, any part of the application, interview or hiring process, please advise us so that we can provide appropriate assistance.