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Credit Risk Reviewer Jobs in Illinois (NOW HIRING)

Credit Risk Analyst

Chicago, IL · On-site

$150K - $200K/yr

Perform portfolio reviews and evaluate potential exposures * Co-Lead the Credit Risk Committee with the CFO and CRO by preparing materials that clearly communicate Counterparty and Credit Risk ...

Perform portfolio reviews and evaluate potential exposures * Co-Lead the Credit Risk Committee with the CFO and CRO by preparing materials that clearly communicate Counterparty and Credit Risk ...

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

Perform portfolio reviews and evaluate potential exposures * Co-Lead the Credit Risk Committee with the CFO and CRO by preparing materials that clearly communicate Counterparty and Credit Risk ...

Monitors credit quality through forward looking analysis as well as reviewing system-generated reports. Responsible and accountable for credit risk management and constructive, credible challenge by ...

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

The Credit Risk Oversight Specialist will conduct a systematic review of commercial, small business, specialty, or consumer loan portfolios to determine the accuracy of risk identification in the ...

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

The Credit Risk Oversight Specialist will conduct a systematic review of commercial, small business, specialty, or consumer loan portfolios to determine the accuracy of risk identification in the ...

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

Review relevant data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Perform evaluation, implementation and monitoring of third-party and ...

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

The Credit Risk Oversight Specialist will conduct a systematic review of commercial, small business, specialty, or consumer loan portfolios to determine the accuracy of risk identification in the ...

The Credit Risk Oversight Specialist will conduct a systematic review of commercial, small business, specialty, or consumer loan portfolios to determine the accuracy of risk identification in the ...

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

Review and monitor credit risk for existing accounts in open-ended lending products such as credit card, HELOCs, etc., and recommend line management strategies. * Support new data acquisition and ...

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Credit Risk Reviewer information

What does a credit risk reviewer do?

A Credit Risk Reviewer is responsible for assessing and evaluating the credit risk associated with lending decisions at financial institutions. They analyze loan portfolios, review credit policies, and ensure compliance with internal and regulatory standards. By identifying potential risks and weaknesses in lending practices, they help organizations minimize losses and maintain healthy credit quality. Their work often involves preparing detailed reports and recommending improvements to credit processes and controls.

What are the key skills and qualifications needed to thrive as a credit risk reviewer, and why are they important?

To thrive as a Credit Risk Reviewer, you need a strong background in finance, accounting, and risk assessment, typically supported by a bachelor’s degree in a related field. Familiarity with credit analysis tools, risk rating systems, and regulatory compliance frameworks such as Basel II/III is important, as well as proficiency in Excel and financial modeling software. Attention to detail, analytical thinking, and effective communication are crucial soft skills for evaluating creditworthiness and presenting findings. These skills ensure accurate risk assessments, regulatory adherence, and sound decision-making to protect an organization’s financial health.

How does a credit risk reviewer typically collaborate with other departments to ensure accurate risk assessments?

Credit Risk Reviewers work closely with teams such as loan origination, underwriting, and compliance to gather comprehensive information about borrowers and lending practices. They often participate in cross-departmental meetings to discuss findings, identify trends in credit quality, and recommend improvements to credit policies. Effective collaboration ensures that risk assessments are thorough and align with regulatory standards, ultimately helping the organization make informed lending decisions. This collaborative environment also provides opportunities to learn from other specialties and expand one's expertise within the financial institution.

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

AspectCredit Risk ReviewerCredit Analyst
Required CredentialsBachelor's degree, certifications like CFA or credit-specific trainingBachelor's degree, often similar certifications or coursework in finance or economics
Work EnvironmentReviewing credit files, assessing risk, and ensuring complianceAnalyzing financial data, preparing credit reports, and making lending recommendations
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending institutions, corporate finance departments

Both roles involve assessing creditworthiness, but Credit Risk Reviewers focus on evaluating existing credit files for risk and compliance, while Credit Analysts analyze financial data to recommend new credit approvals. They often work together within financial institutions to manage credit portfolios effectively.

What are popular job titles related to Credit Risk Reviewer jobs in Illinois?

For Credit Risk Reviewer jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Credit Risk Reviewer jobs in Illinois look for?

The top searched job categories for Credit Risk Reviewer jobs in Illinois are:

What cities in Illinois are hiring for Credit Risk Reviewer jobs?

Cities in Illinois with the most Credit Risk Reviewer job openings:

Infographic showing various Credit Risk Reviewer job openings in Illinois as of August 2026, with employment types broken down into 87% Full Time, and 13% Part Time. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution.

Credit Review Manager - Financial Services Risk Consulting

RSM

Chicago, IL • On-site

Full-time

Posted 5 days ago


Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.

Job Description

We are seeking a highly motivated individual to lead teams of credit risk professionals in addressing our client's credit risk mitigation needs. Engagements will encompass a broad range of credit risk-related matters and may include the following: credit risk review or loan review work, credit administration and policy review, quality assurance/ internal audits of loan review departments, and other credit risk specific engagements.

Key responsibilities include:

  • Lead and Inspire:Manage and mentor multidisciplinary teams, fostering a collaborative, client-focused culture that delivers exceptional results.
  • Deliver Expertise:Provide deep subject-matter knowledge in credit risk mitigation, credit policies, and procedures across a variety of engagements.
  • Drive Excellence:Oversee credit risk reviews, loan reviews, internal audits, and policy assessments with precision and strategic insight.
  • Client Engagement:Communicate industry trends and best practices effectively to clients, offering actionable recommendations and thought leadership.
  • Practice Development:Contribute to internal initiatives including talent development, business growth, and service innovation.
  • Mentorship & Talent Growth:Support the professional development of team members through coaching, feedback, and career guidance.
  • Personal Growth:Invest in your own development through continuous learning in technical areas, industry specialization, and leadership.
  • Market Presence:Build your personal brand and network to identify new opportunities and drive growth for the risk consulting practice.

Qualifications

  • Bachelor's or Master's degree in Business, Finance, Accounting, or related field
  • Minimum 8 years of experience as a commercial credit analyst, credit officer, loan review officer, commercial portfolio manager, or a related credit risk role within a bank or regulatory agency
  • Strong proficiency in Microsoft Office Suite (Word, Excel, PowerPoint)
  • Professional certification (e.g., CPA, CRC, CFA)
  • Willingness and ability to travel to meet client needs
  • Experience with presenting and effectively communicating observations to senior stakeholders, committees and /or other team members
  • Exceptional verbal/written communication, leadership and analytical skills
  • Exemplary client service skills
  • Demonstrated expertise in multiple lending industries or deep specialization in one (including, but not limited to: asset based lending, agriculture, hospitality, healthcare, energy)

Preferred Skills & Experience

  • Experience in commercial real estate underwriting or regulatory credit review for community, regional, national, or foreign banking organizations
  • Familiarity with SBA lending, construction lending, agricultural lending, syndicated loans, shared national credits, or leveraged transactions
  • Comprehensive understanding of credit lifecycle processes: origination, servicing, and review
  • Proven ability to develop credit policies, risk rating methodologies, and perform stress testing
  • In-depth knowledge of federal and state banking regulations related to credit risk
  • Prior consulting experience or progressive leadership roles with supervisory responsibilities
  • Ability to operate with a limited level of direct supervision and provide leadership to a team
  • Ability to exercise independence of judgement and autonomy
  • Strong organizational and time management skills with ability to manage multiple priorities, meet deadlines, and maintained profitability targets.

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $101,000 - $203,000

Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.