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Credit Risk Jobs in Chicago, IL (NOW HIRING)

Inizio Partners

Credit Risk Analyst

Chicago, IL

Credit Risk Analyst Chicago, Illinois, United States About the Job Credit Risk Analyst Role: Consumer Credit Risk Analyst This position within Corporate Risk Management is responsible for the ...

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 ...

Bmo

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Credit Risk Review Manager Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio. As a critical component of risk ...

Bank of Montreal

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio. As a critical component of risk ...

Bank of Montreal

Credit Risk Reviewer

Chicago, IL · On-site

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio. As a critical component of risk ...

BMO Capital Markets

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio. As a critical component of risk ...

BMO Financial

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio. As a critical component of risk ...

Alliant

Principal Credit Risk Analyst

Chicago, IL · Hybrid

$119.40K - $204.60K/yr

Principal Credit Risk Analyst In this hybrid role based at our Chicago Headquarters, you will provide data-driven insights and recommendations for the effective management of the risk-return trade ...

Alliant

Principal Credit Risk Analyst

Chicago, IL · On-site

$119.40K - $204.60K/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

$84.20K - $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 ...

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Credit Risk information

See Chicago, IL salary details

$51.5K

$112.6K

$188.5K

How much do credit risk jobs pay per year?

As of May 28, 2026, the average yearly pay for credit risk 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 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 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 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 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 are the most commonly searched types of Credit Risk jobs in Chicago, IL? The most popular types of Credit Risk jobs in Chicago, IL are:
What are popular job titles related to Credit Risk jobs in Chicago, IL? For Credit Risk jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in Chicago, IL look for? The top searched job categories for Credit Risk jobs in Chicago, IL are:
Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Chicago, IL as of May 2026, with employment types broken down into 88% Full Time, 10% Part Time, 1% Temporary, and 1% Contract. Highlights an 91% Physical, 4% Hybrid, and 5% Remote job distribution, with an average salary of $112,609 per year, or $54.1 per hour.

Credit Risk Analyst

Inizio Partners

Chicago, IL

Full-time

Posted 27 days ago

Job description

Credit Risk Analyst

Chicago, Illinois, United States

About the Job Credit Risk Analyst

Role: Consumer Credit Risk Analyst

This position within Corporate Risk Management is responsible for the oversight of consumer credit policy through effective planning and execution of ongoing and periodic Consumer Credit Reviews across the life cycle of consumer lending products. Primarily, the incumbent is responsible for providing an independent view on asset quality and the key consumer credit risks of the firm's consumer lending practices.

The resource will have a strong knowledge of credit risk management processes, credit strategy development process and regulatory expectations towards safety and soundness. This individual will have skills and experience to lead Consumer Credit Reviews, provide oversight on review activities and deliver the review results including identification of issues and overseeing the reporting of the review results to relevant stakeholders and credit governance committees.

Responsibilities will also include evaluating and monitoring consumer credit risk appetite, tolerance, and thresholds. Also defines the process for monitoring the performance of the consumer credit portfolio and performs reviews of credit risk strategies, while evaluating trade-offs among key business metrics, such as credit losses, receivables, and profit. This will necessitate identifying, designing, and implementing complex business analyses in support of Consumer Credit Reviews and business strategy.

Responsibilities

  • Develops Consumer Credit Review plan using a risk-based approach and executes the Consumer Credit Reviews across all consumer lending products covering credit cards, personal loans, and home equity loans), including performing a risk assessment on the overall portfolio. Collaborates with credit strategy teams to mitigate any identified credit risk concerns. Reports finding through the appropriate, established governance processes.
  • Interacts with business partners, senior management, governance committees, and regulators to present (both orally and written) Consumer Credit Review assessment results and analytic findings in a clear, complete, and concise manner.
  • Develops, manages, and maintains reporting and oversight of consumer credit risk appetite, tolerance, and thresholds. This includes the awareness of consumer credit strategies and the implications of changes in strategy to the profitability of the enterprise.
  • Develops and maintains credit-risk oversight processes, policies, and procedures in accordance with the overall Corporate Risk Management framework and system.
  • Implements and maintains independent credit risk portfolio reporting across all consumer lending products.

Minimum Qualifications

  • Master's Degree in Statistics, Economics, Engineering, Finance, or related quantitative field
  • 8+ years of experience in Statistics, Economics, Engineering, related quantitative field, equivalent internship, or research experience.
  • In lieu of a degree, 15+ years of experience in credit card, or related financial services industry

Preferred Qualifications

  • Ph.D. in Statistics, Economics, Engineering, Finance, or related quantitative field.
  • 10+ years of experience in Statistics, Economics, Engineering, related quantitative field, equivalent internship, or research experience.
  • 10 + years of experience in credit review, credit risk management, or internal audit credit risk coverage function at a large financial institution.
  • Knowledge and use of statistical packages such as SQL, SAS, Python, or other tools to mine, extract complex consumer and transaction level data on big data and/or cloud computing platforms.

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