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Credit Risk Reviewer Jobs in Chicago, IL (NOW HIRING)

US Bank

Audit Project Manager - Credit Risk

Chicago, IL · On-site

$107K - $140K/yr

Review and assess audit work to confirm accuracy, completeness, relevance, and adherence to ... Credit risk monitoring and reporting * CECL, credit loss forecasting, and credit analytics ...

CIBC

Credit Monitoring & Control Specialist

Chicago, IL · On-site

$70K - $85K/yr

Conduct quarterly/monthly reviews of one or more key Credit Risk data elements. * Provide support to other functions within the Credit Risk Management/ Risk Analytics Department. * Solve a range of ...

Composites One

Senior Credit Analyst

Schaumburg, IL

$80K - $100K/hr

Review and approve credit requests; escalate high-risk decisions with supporting analysis * Assess non-standard payment terms (e.g., Net 60) and complete credit scorecards with Sales * Structure ...

Composites One

Senior Credit Analyst

Schaumburg, IL · On-site

$80K - $100K/yr

Review and approve credit requests; escalate high-risk decisions with supporting analysis * Assess non-standard payment terms (e.g., Net 60) and complete credit scorecards with Sales * Structure ...

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Showing results 1-20

All JobsCredit Risk Reviewer JobsCredit Risk Reviewer Jobs in Chicago, IL

Credit Risk Reviewer information

See Chicago, IL salary details

$51.5K

$112.6K

$188.5K

How much do credit risk reviewer jobs pay per year?

As of Jul 18, 2026, the average yearly pay for credit risk reviewer in Chicago, IL is $112,609.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,300.00 and $146,300.00 per year, depending on experience, location, and employer.

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.

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 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.

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 Chicago, IL? For Credit Risk Reviewer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Credit Risk Reviewer jobs in Chicago, IL look for? The top searched job categories for Credit Risk Reviewer jobs in Chicago, IL are:
Credit Risk Reviewer jobs near you
Sr. Risk Analyst, Credit

Sr. Risk Analyst, Credit

Federal Home Loan Bank of Chicago

Chicago, IL • On-site

$110K - $115K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 11 days ago

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

Responsibilities
  • Operate and maintain credit risk models for mortgage loan portfolios
  • Lead the development and implementation of alternative credit risk strategies
  • Build algorithmic solutions and design strategies for model assumption setting and performance monitoring
  • Conduct scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
  • Research risk management frameworks to assess environmental and regulatory risk drivers on mortgage portfolios in accordance with regulatory requirements and industry best practices and report to senior management
  • Perform credit reviews for member institutions based on financial performance and credit worthiness
  • Collaborate with validators, auditors and regulators to improve model accuracy and ensure regulatory compliance
  • Optimize business processes through the use of data management and programing tools
  • Research, diagnoses and identify solutions to issues on data anomalies and portfolio performance and create dashboards for senior management and risk committees
  • Support business on MPF product design with business analytics

Position Requirements
  • Master's degree in Mathematics, Finance, Quantitative Finance or related field and 2 years of related experience, or, a Bachelor's degree in Mathematics, Finance, Quantitative Finance or related field and 4 years of related experience
  • Any amount of experience operating and maintaining credit risk models for mortgage loan portfolios
  • Any amount of experience building algorithmic solutions and design strategies for model assumption setting and performance monitoring
  • Any amount of experience conducting scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
  • Any amount of experience conducting business analysis using statistics methodology and tools of aggregated data from databases via SQL

Must live within normal commuting distance of worksite. Remote work allowed up to 50 days per year.
Salary range $110,150 to $115,000
Salary Range:
$90,400.00 - $150,700.00
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

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