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Credit Risk Jobs in Chicago, IL (NOW HIRING)

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site

$125K - $255K/yr

This role involves leading a team in various credit risk review engagements and continuous monitoring activities associated with a strong independent credit review and/or similar credit risk ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site +1

$125K - $255K/yr

This role involves leading a team in various credit risk review engagements and continuous monitoring activities associated with a strong independent credit review and/or similar credit risk ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site +1

$125K - $255K/yr

This role involves leading a team in various credit risk review engagements and continuous monitoring activities associated with a strong independent credit review and/or similar credit risk ...

US Bank

Impact Finance Officer

Chicago, IL · On-site

Credit Strategy is a dynamic team within Credit Risk Management focused on optimizing the identification, quantification and mitigation of credit risk. The team oversees critical second line of ...

Chase

Credit Review, Vice President

Chicago, IL · On-site

In between periodic reviews, you will independently monitor credit risk trends within assigned commercial lending portfolios, attend relevant meetings, and foster and maintain relationships with ...

INEOS Styrolution

Senior Credit Analyst

Naperville, IL · On-site

We are seeking a Senior Credit Risk Analyst to play a central role in managing customer credit risk within a dynamic, international business environment. This is a hands-on role with meaningful ...

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All JobsCredit Risk JobsCredit Risk Jobs in Chicago, IL

Credit Risk information

See Chicago, IL salary details

$51.5K

$112.7K

$188.7K

How much do credit risk jobs pay per year?

As of Aug 25, 2026, the average yearly pay for credit risk in Chicago, IL is $112,698.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,300.00 and $146,400.00 per year, depending on experience, location, and employer.

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 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 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.

Do you need a degree to be a credit risk analyst?

A degree is often preferred for credit risk analyst positions, with many employers seeking candidates with a bachelor's degree in finance, economics, or related fields. However, some roles may accept relevant work experience or certifications like the Financial Risk Manager (FRM) in lieu of a degree. Strong analytical skills and knowledge of credit analysis tools are also important for this role.

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 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 per year, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.

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 August 2026, with employment types broken down into 81% Full Time, 17% Part Time, 1% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $112,698 per year, or $54.2 per hour.

Credit Review Team Leader - Consumer

Chicago, IL • On-site

Huntington
See more jobs at Huntingtonexternal

$93K - $189K/yr

Other

Re-posted yesterday

Job description

Credit Review Team Leader

The Credit Review Team Leader will report directly to the Credit Review Group Manager. The ideal candidate is a proven credit risk manager with an exceptional delivery track record within a demanding environment. They possess a detailed working knowledge of the methodologies and techniques for performing credit risk review engagements and continuous monitoring activities associated with a strong independent credit review and/or segment risk function.

Duties & Responsibilities:

  • Serve as the departmental subject matter expert in Consumer/Scored Commercial Credit Risk, including originations, portfolio-level monitoring, risk management, credit data analysis and general knowledge of lending support area practices impact on credit risk within the financial services industry.
  • Develop and maintain working relationships with bank management, regulators, as well as with the broader Credit Review team to execute review responsibilities effectively and efficiently.
  • Contribute to the development and execution of Credit Review's annual and strategic plans, including the monitoring of annual plan progress, identification of required changes, adherence to engagement budget/staffing and post-exam follow-up on status of identified recommendations.
  • Participate in the monitoring of credit-related risk throughout the Bank and the Holding Company including subsidiaries.
  • Provide technical guidance for integrated CR engagements.
  • As part of the respective credit risk focus area, develop and manage a credit review program which assesses the management framework in selecting, underwriting, and administering the direct and indirect credit risk inherent in products/services and related activities administered by business segments, assess adherence to policies and procedures and compliance with legal and regulatory requirements, and evaluate results to determine if issues exist and improvement recommendation are necessary.
  • Coordinate with the management team on the development of credit review objectives and related procedures to address relevant credit risks.
  • Contribute to the continuous improvement of Credit Review tools and methods.
  • Identify and communicate emerging risk issues to enhance credit risk management practices across the enterprise.
  • Through contribution to Credit Review leadership presentations, provide senior management and the Board of Directors with information regarding the identification, measurement, and management of credit risk for designated credit risk focus areas in the Consumer Lending segments.
  • Represent Credit Review in risk meetings with business segments and affiliates, executive leadership, and the Board when necessary.
  • Strong verbal and written communication skills, the ability to engage in difficult conversations, as well as ability to manage multiple engagements/projects simultaneously are essential to providing a strong, independent role when evaluating areas of the Bank and Holdco.

Basic Qualifications:

  • Bachelor's degree in Accounting, Finance, Economics, Business or related field.
  • 7+ or more years of progressively responsible experience in credit review, risk and/or credit risk management, portfolio monitoring, underwriting and/or analysis, including a management role.

Preferred Qualifications:

  • Strong working knowledge of risk and/or credit risk management and control frameworks.
  • Project management skills, ability to deliver high quality results while meet deadlines, department and personal goals
  • Prior Credit Review and/or risk officer experience in Consumer or Scored Commercial Lending areas.
  • Technical accounting (GAAP) or financial statement analysis knowledge
  • Understanding of application of credit and behavioral models within a scored originations environment
  • Working knowledge of MS Access, Excel, Word and credit/statistical analysis tools
  • Conflict management experience

Compensation Range: $93,000 - $189,000 USD Annual

Huntington is an Equal Opportunity Employer.

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