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Credit Risk Jobs in Illinois (NOW HIRING)

Chase

Environmental Credit Risk Sr Officer

Chicago, IL · On-site

Environmental Credit Risk Associate Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the ...

S&P Global

Senior Credit Product Specialist

Chicago, IL · On-site

The Senior Credit & Risk Solutions Product Specialist serves as a strategic subject matter expert and trusted advisor, partnering closely with Sales Leadership, Relationship Management and Product ...

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Showing results 21-40

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 Aug 7, 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 average salary of a credit risk analyst?

The average salary of a credit risk analyst typically ranges from $60,000 to $85,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications can earn higher salaries, often supplemented with bonuses and benefits.

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 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.

How to start a career in credit risk?

To start a career in credit risk, obtain a bachelor's degree in finance, economics, or a related field, and develop strong analytical and quantitative skills. Gaining experience through internships or entry-level roles in banking, finance, or risk management helps build relevant expertise, and earning certifications like the Financial Risk Manager (FRM) can enhance job prospects.
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 August 2026, with employment types broken down into 92% Full Time, and 8% Part Time. Highlights an 84% In-person, 8% Hybrid, and 8% Remote job distribution, with an average salary of $105,928 per year, or $50.9 per hour.

Commercial Credit Risk Analytical Consultant

Equifax, Inc.

Chicago, IL • On-site

Full-time

Medical, Retirement, PTO

Re-posted 3 hours ago

Equifax rating

7.8

Company rating: 7.8 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

Job description

Equifax is where you can power your possible. If you want to achieve your true potential, chart new paths, develop new skills, collaborate with bright minds, and make a meaningful impact, we want to hear from you.
Equifax is currently looking for a Commercial Credit Risk Analytical Consultant to join our Commercial team. This role is focused on providing pre- and post-sales consulting on technical and analytical solutions. The specialist will work in partnership with Sales and the broader Technology/Analytics organization to demonstrate innovative solutions and provide exceptional value-add to address our customers' objectives. This position involves traveling to customer sites as needed for collaborative assignments.
What you'll do
  • Support commercial lending clients implementing Equifax's credit risk and portfolio management solutions
  • Consult clients on how best to use these Equifax's solutions to proactively manage their commercial credit risk, improve their portfolio management capabilities, and to assist in their capital planning processes
  • Provide technical support to clients relating to Equifax's commercial risk products, primarily Equifax's Absolute Probability of Default and other portfolio management products
  • Provide training and demos on Equifax's commercial risk solutions
  • Participate in Client Business Reviews and leverage Equifax's solutions and data to provide statistics on client portfolios and to consult on optimizing client's portfolio management strategies
  • Work closely with clients to help answer product related questions or to research potential issues associated with Equifax's portfolio management and commercial risk products
  • Analyze the performance of Equifax commercial risk solutions, institutions' own risk ratings or models, and current credit/risk practices to produce proof of concept analytics for prospective clients and to inform strategy recommendations for existing clients
  • Be able to explain Equifax solutions, analyses, and findings to internal stakeholders and external customers
  • Collaborate with other Analytics professionals, Sales, Operations, I.T. staff, and management to support Equifax's customers' needs and to consult customers on designing credit risk strategies leveraging Equifax's products
  • Work on a variety of other projects, as they arise
  • Travel: up to 10% (e.g. once per month, usually a day trip or one night stay)

What experience you need
  • Minimum 5 years of professional experience are required
  • 3+ years Client Facing experience/post sales support experience
  • Three or more years of experience in Credit, Risk, Collections, or Portfolio management related roles
  • College degree, preferably in a business/finance/economics major or a quantitative major (mathematics/statistics), or relevant experience
  • Consistent with Equifax's 4/1+ 10 flexible work framework, a willingness to work Monday - Thursday in Equifax's Chicago-based office.

What could set you apart
  • Master's Degree
  • Client facing or Consulting experience within financial services or commercial lending spaces
  • Fluent English and strong verbal and written communications skills
  • Knowledge of SQL or other similar programming languages and tools
  • Coursework or practical experience with Accounting and Statistics, particularly analyzing and working with very large datasets or lending portfolios

Position does not offer immigration sponsorship or support, including F-1 STEM OPT extension support .
We offer comprehensive compensation and healthcare packages, 401k matching, paid time off, and organizational growth potential through our online learning platform with guided career tracks.
Are you ready to power your possible? Apply today, and get started on a path toward an exciting new career at Equifax, where you can make a difference!
Primary Location:
USA-IL-Chicago
Function:
Function - Sales Support
Schedule:
Full time

What Equifax employees say

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About Equifax

Sourced by ZipRecruiter

As a global data, analytics, and technology company, we play an essential role in the economy by helping companies in diverse industries such as automotive, communications, utilities, financial services, fintech, healthcare, insurance, mortgage, professional services, retail, e-commerce, and government agencies, make critical decisions with greater confidence.

Industry

It services

Company size

10,000+ Employees

Headquarters location

Atlanta, GA, US

Year founded

1899

Social media

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