ZipRecruiter

Log In

1

Credit Risk Jobs in Illinois (NOW HIRING)

US Bank

Audit Project Manager - Credit Risk

Chicago, IL

$107K - $140K/yr

Bancorp's credit risk management activities. This role is designed for an experienced internal auditor who brings deep proficiency in audit methodology and execution, along with substantial ...

Composites One

Senior Credit Analyst

Schaumburg, IL · On-site

$80K - $100K/yr

Evaluate credit risk for new and existing customers using financial statements, D&B, trade references, and industry data * Recommend credit limits, payment terms, and risk classifications within ...

Composites One

Senior Credit Analyst

Schaumburg, IL

$80K - $100K/hr

Evaluate credit risk for new and existing customers using financial statements, D&B, trade references, and industry data * Recommend credit limits, payment terms, and risk classifications within ...

New

next page

Showing results 1-20

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.
Risk Management - Credit Officer - Executive Director

Risk Management - Credit Officer - Executive Director

JPMorgan Chase & Co

Chicago, IL

Full-time

Medical, Retirement

Posted 4 days ago

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 470 frontline employees who took The Breakroom Quiz

46th of 142 rated banks

Job description

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 firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. 

As a Credit Officer Director in Risk Management and Compliance, you will lead credit risk evaluation in the Chicago and Minneapolis regions for multifamily term loans generally ranging from $1 million to $25 million+, ensuring decisions align with risk appetite and strong risk controls. You will oversee a high-volume credit environment, provide clear guidance on complex approvals, and mentor and develop talent while partnering broadly across the business, risk and key stakeholders. 

Job Responsibilities

  • Lead and manage the Chicago risk team's execution of credit analysis in a high-volume environment, maintaining the highest standards of quality and risk controls. 
  • Evaluate and manage risk in complex transactions, including items requiring elevated approval authority and heightened judgment. 
  • Enhance market and portfolio discussions by identifying key risk considerations, highlighting relevant portfolio metrics, and surfacing emerging regional trends.
  • Cultivate and sustain strong partnerships with internal stakeholders across the business and operations to help ensure timely, well-informed outcomes.
  • Establish broad, collaborative relationships across CTL Risk functions and with senior stakeholders to support consistent regional execution. 
  • Apply relevant policies, standards, procedures, and regulatory requirements across all credit analysis activities, ensuring strong governance and controls. 
  • Implement change and lead strategic initiatives aligned with functional goals, with an innovation-minded and resilient approach. 
  • Develop individuals through active coaching, mentoring, and regular training, strengthening the team's capability and bench. 
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge. 

Required qualifications, capabilities, and skills

  • Bachelor's degree in a business or finance concentration (or equivalent experience). 
  • 10+ years of experience in commercial real estate lending, credit analysis, and/or loan workouts. 
  • Proven management background, with a track record of leading teams and effectively coaching, supporting, and motivating employees at different stages of development.
  • Strong knowledge of the Chicago commercial real estate market, with the ability to provide insights on key market themes and emerging trends.
  • Thorough understanding of multifamily property valuations and cash flow analysis, including evaluating property cash flows, valuation, and personal financial statements. 
  • Superior interpersonal, verbal and written communication and presentation skills.
  • Strong stakeholder management skills, with the ability to build collaborative relationships across risk and business partners. 
  • Demonstrated experience applying policies, standards, procedures, and regulatory requirements in credit decisioning and analysis activities. 
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems. 

Preferred qualifications, capabilities, and skills 

  • Advanced degree in a related field and/or real estate coursework. 
  • Experience managing loan underwriters in commercial real estate or agency lending (for example, Fannie Mae or Freddie Mac). 
  • Experience with proprietary credit risk management tools and related system enablement
  • Experience with large language model tools. 
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

What JPMorgan Chase & Co. employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply