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Credit Risk Jobs in Illinois (NOW HIRING)

Adyen

Credit Risk Officer

Chicago, IL · On-site

Credit Risk Officer - Financial Products As a Credit Risk Analyst based in Chicago, you will be part of a growing team responsible for evaluating, managing, and scaling credit risk across Adyen ...

Adyen

Credit Risk Officer

Chicago, IL

Credit Risk Officer - Financial Products As a Credit Risk Analyst based in Chicago, you will be part of a growing team responsible for evaluating, managing, and scaling credit risk across Adyen ...

RWE

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

Exempt The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA. Role Responsibilities: * Assess and monitor counterparty credit exposures, including payment, performance ...

RWE

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

Exempt The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA. Role Responsibilities: * Assess and monitor counterparty credit exposures, including payment, performance ...

Wintrust

Analyst, Counterparty Credit Risk

Rosemont, IL · On-site

$59K - $77K/yr

Position Overview The Counterparty Credit Risk Analyst will assist the VP and Department SVP in executing the independent second line of defense function. The fundamental goal of Counterparty Credit ...

Wintrust

Analyst, Counterparty Credit Risk

Rosemont, IL

$59K - $77K/yr

Position Overview The Counterparty Credit Risk Analyst will assist the VP and Department SVP in executing the independent second line of defense function. The fundamental goal of Counterparty Credit ...

Alliant

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 ...

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

Review and monitor credit risk for credit cards, and recommend/implement line management, pricing and authorization strategies. * Prepare data for third-party quarterly mortgage & consumer loan ...

Invenergy

Director, Credit Risk Management

Chicago, IL · On-site

Position Overview The Director, Credit Risk Management will report to the Senior Vice President - Risk Management and Settlements and will have enterprise accountability for the design, governance ...

Invenergy

Director, Credit Risk Management

Chicago, IL · On-site

Position Overview The Director, Credit Risk Management will report to the Senior Vice President - Risk Management and Settlements and will have enterprise accountability for the design, governance ...

Avant

Sr Analyst, Credit Risk - Loan

Chicago, IL · On-site

$66K - $88K/yr

Avant is looking for a Senior Credit Risk Analyst who will play a crucial role in evaluating and managing credit risk of the loan origination business. This role involves conducting in-depth analysis ...

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All JobsCredit Risk JobsCredit Risk Jobs in Illinois

Credit Risk information

See Illinois salary details

$48.5K

$105.9K

$177.3K

How much do credit risk jobs pay per year?

As of Jun 27, 2026, the average yearly pay for credit risk in Illinois is $105,928.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,700.00 and $137,600.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills within financial institutions or large corporations.

What are the key skills and qualifications needed to thrive as a Credit Risk Analyst, and why are they important?

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial statements, and a background in finance, economics, or a related field, often supported by a relevant degree or certification (such as FRM or CFA). Familiarity with risk assessment tools, financial modeling software, and credit rating systems is typically required. Attention to detail, critical thinking, and effective communication are essential soft skills for interpreting data and presenting risk assessments to stakeholders. These skills and qualities are crucial for making informed decisions that minimize financial losses and ensure sound lending practices.

What is the salary of Credit Risk Analyst?

The average salary for a Credit Risk Analyst at JP Morgan typically ranges from $70,000 to $100,000 annually, depending on experience, location, and education. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn higher compensation, often supplemented with bonuses and benefits.

Will a credit analyst be replaced by AI?

Credit analysts evaluate financial data and assess credit risk, a role that involves complex judgment and interpretation. While AI tools can automate data analysis and streamline processes, human expertise remains essential for nuanced decision-making and understanding context, making full replacement unlikely in the near term.

What is the difference between Credit Risk vs Credit Analyst?

AspectCredit RiskCredit Analyst
Primary FocusAssessing the likelihood of borrower default to manage overall credit riskAnalyzing credit data to determine creditworthiness of individual applicants
Work EnvironmentRisk management teams, financial institutions, credit departmentsBanking, lending institutions, financial services
Required CredentialsOften requires risk management certifications, finance degreesFinance or accounting degrees, certifications like CFA or credit-specific courses

While both roles involve understanding credit, Credit Risk focuses on managing the overall risk exposure of an organization, whereas a Credit Analyst evaluates individual credit applications to determine approval. Both roles are essential in the lending process but differ in scope and responsibilities.

What is credit risk and what does a credit risk professional do?

Credit risk refers to the possibility that a borrower or counterparty will fail to meet their financial obligations, such as repaying a loan or making payments on time. Credit risk professionals analyze financial data, assess the creditworthiness of individuals or companies, and help set lending policies to minimize potential losses for banks or financial institutions. They use various models and tools to evaluate risk, monitor existing loans, and recommend strategies to mitigate exposure. Their work is essential for maintaining the financial health and stability of lending organizations.

What are some typical challenges faced by professionals in credit risk roles, and how can they be addressed?

Credit risk professionals often encounter challenges such as assessing the creditworthiness of new and existing clients, keeping up with rapidly changing market conditions, and managing large volumes of data to make informed decisions. To address these, it's important to stay updated on industry trends, develop strong analytical and communication skills, and leverage advanced risk assessment tools. Collaborating closely with colleagues in underwriting, sales, and compliance teams also helps ensure well-rounded risk evaluations and consistent application of policies.

What is credit risk as a job?

A credit risk professional assesses the likelihood that borrowers will default on their loans or credit obligations. They analyze financial data, credit reports, and economic factors to help organizations manage potential losses and make informed lending decisions, often using risk modeling tools and adhering to regulatory standards.
What are the most commonly searched types of Credit Risk jobs in Illinois? The most popular types of Credit Risk jobs in Illinois are:
What are popular job titles related to Credit Risk jobs in Illinois? For Credit Risk jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in Illinois look for? The top searched job categories for Credit Risk jobs in Illinois are:
What cities in Illinois are hiring for Credit Risk jobs? Cities in Illinois with the most Credit Risk job openings:
Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Illinois as of June 2026, with employment types broken down into 80% Full Time, 16% Part Time, 1% Temporary, 2% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $105,928 per year, or $50.9 per hour.

Credit Risk Officer

Adyen

Chicago, IL • On-site

Full-time

Posted 12 days ago

Job description

This is Adyen
Adyen is the payments platform of choice for the world's leading companies, delivering frictionless payments across online, mobile, and in-store channels. Our team members are motivated individuals that help each other do remarkable things every day. We face unique technical challenges at scale and we solve those as a team. And together, we deliver innovative and ethical solutions that transform the way the world pays.
We took an unobvious approach to starting a payments company, building a platform from scratch. Now, Adyen serves the world's brightest companies like Facebook, Uber, L'Oreal, Casper, Bonobos and Spotify.
Credit Risk Officer - Financial Products
As a Credit Risk Analyst based in Chicago, you will be part of a growing team responsible for evaluating, managing, and scaling credit risk across Adyen's expanding suite of financial products. The team plays a critical role in assessing credit risk, underwriting SME and enterprise merchants, and ensuring that portfolio performance remains within Adyen's risk appetite, while enabling sustainable growth for our merchants.
Beyond day-to-day underwriting and portfolio management, the team owns the development and operation of credit risk frameworks for new and evolving financial products (e.g. Adyen Capital). Working closely with Commercial, Product, Compliance, and other cross-functional partners, you will help design scalable, data-driven risk processes that support Adyen's global growth ambitions.
The Credit Risk team is in an early stage of its journey, offering significant opportunities to shape processes, influence product direction, and grow alongside the business. You will join an international, diverse team that values ownership, pragmatism, and collaboration, and operates across regions and cultures.
The ideal candidate combines strong problem-solving skills, clear and direct communication, and deep financial expertise to deliver thoughtful risk assessments and contribute to strategic recommendations on credit policies, frameworks, and practices.
What you'll do
  • Perform the credit underwriting and portfolio monitoring of different financial products, including loans to SMBs and other credit products to enterprise customers;
  • Analyze the impact of business model, industry and macro-economic developments on the credit portfolios and the credit risk offering of Adyen;
  • Develop and implement credit risk strategies to enhance portfolio performance while ensuring alignment with risk appetite and business objectives;
  • Drive continuous improvement of our global and US-specific credit risk underwriting and monitoring framework, including policies, procedures and practices;
  • Provide credit risk expertise to a variety of stakeholders to guarantee that credit risk is properly considered in new commercial product developments;
  • Identify manual steps in underwriting, portfolio monitoring, and credit decisioning workflows that are prime candidates for AI-driven automation
  • Develop clear documentation and governance frameworks for automated decisions, ensuring transparency, auditability, and alignment with regulatory expectations
  • Stay current with advancements in AI applied to credit risk, advocating for adoption of new techniques where they can drive meaningful efficiency or accuracy gains

Who you are
  • Financial Expertise:
    • Minimum of 3+ years of experience in commercial credit underwriting, preferably within banking, fintech, or SMEs credit lending-driven environments.
    • Strong analytical capabilities with demonstrated ability to interpret financial statements, assess borrower quality, and identify key risk drivers, trends, and early-warning indicators.
    • Proven experience managing and assessing credit portfolios across products such as SMB lending, working capital solutions, overdrafts, charge cards, and/or asset-backed financing.
    • Experience operating in high-volume, scalable credit environments is a strong plus, including exposure to payments, automation, and data-driven decisioning frameworks.
    • Ability to balance risk and return, applying sound judgment to make credit decisions in line with defined risk appetite and business objectives.
    • Familiarity with U.S. regulatory frameworks and guidelines related to credit risk; hands-on regulatory experience is a strong plus but not required.

Mindset:
    • Results-driven and outcomes-focused, with a strong sense of ownership and accountability for decisions and impact.
    • Comfortable operating in a fast-scaling environment, contributing to the design of robust processes and building with automation and scalability in mind.
    • Adaptable and resilient, able to adjust quickly to changing priorities, product offerings, and risk profiles.
    • Collaborative team player with a low-ego, high-accountability mindset who values constructive challenge and shared success.

Communication:
    • Clear and effective communicator who is able to communicate straight and to the point.
    • Comfortable engaging with a wide range of stakeholders, both internally and externally, across functions and seniority levels.
    • Capable of navigating complex and sensitive conversations with regulators, merchants, and partners, translating risk considerations into clear, actionable messages.

Please note that this role is a hybrid, 3x a week position in Chicago.
The base salary compensation range for this role in Chicago is: $85,000.00-$110,000.00.
The Total Compensation package also includes RSUs (Restricted Stock Units).
Our Diversity, Equity and Inclusion commitments
Our unique approach is a product of our diverse perspectives. This diversity of backgrounds and cultures is essential in helping us maintain our momentum. Our business and technical challenges are unique, and we need as many different voices as possible to join us in solving them - voices like yours. No matter who you are or where you're from, we welcome you to be your true self at Adyen.
Studies show that women and members of underrepresented communities apply for jobs only if they meet 100% of the qualifications. Does this sound like you? If so, Adyen encourages you to reconsider and apply. We look forward to your application!
What's next?
Ensuring a smooth and enjoyable candidate experience is critical for us. We aim to get back to you regarding your application within 5 business days. Our interview process tends to take about 4 weeks to complete, but may fluctuate depending on the role. Learn more about our hiring process here. Don't be afraid to let us know if you need more flexibility.
Adyen is an equal opportunity employer. We do not discriminate based on race, color, ethnicity, ancestry, national origin, religion, sex, gender, gender identity, gender expression, sexual orientation, age, disability, veteran status, genetic information, marital status or any legally protected status.
All your information will be kept confidential according to EEO guidelines.

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