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Director Credit Risk Jobs in Chicago, IL (NOW HIRING)

Adyen

Credit Risk Analyst

Chicago, IL · On-site

$100K - $130K/yr

Credit Risk Analyst - Financial Products As a Credit Risk Analyst based in Chicago, you will be ... The ideal candidate combines strong problem-solving skills, clear and direct communication, and ...

Adyen

Credit Risk Analyst

Chicago, IL · Hybrid

$100K - $130K/yr

Credit Risk Analyst - Financial Products As a Credit Risk Analyst based in Chicago, you will be ... The ideal candidate combines strong problem-solving skills, clear and direct communication, and ...

PNC Bank

Commercial Credit Director

Chicago, IL · On-site

$143K - $297K/yr

As the Commercial Credit Director, Real Estate Credit Risk Management organization for the Southeastern United States. PNC is an in-office company that fosters a supportive culture where employees ...

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Director Credit Risk information

See Chicago, IL salary details

$87K

$161K

$310.6K

How much do director credit risk jobs pay per year?

As of Aug 6, 2026, the average yearly pay for director credit risk in Chicago, IL is $161,027.00, according to ZipRecruiter salary data. Most workers in this role earn between $107,600.00 and $193,700.00 per year, depending on experience, location, and employer.

What are some common challenges faced by a director credit risk and how can they be addressed?

A Director of Credit Risk often faces challenges such as balancing risk appetite with business growth goals, staying ahead of evolving regulatory requirements, and managing credit exposures in volatile markets. To address these, it's essential to foster strong collaboration with business units, maintain robust credit risk frameworks, and leverage data analytics for proactive decision-making. Continuous professional development and close communication with compliance and audit teams also help ensure that credit policies remain effective and up-to-date.

What are the key skills and qualifications needed to thrive as a director credit risk?

To thrive as a Director of Credit Risk, you need deep expertise in credit analysis, risk management, and financial modeling, usually supported by a degree in finance, economics, or a related field. Familiarity with risk assessment software, credit scoring systems, and regulatory compliance tools, along with certifications like CFA or FRM, is highly valued. Strong leadership, strategic thinking, and communication skills help drive cross-functional collaboration and effective risk mitigation. These competencies are crucial for making informed credit decisions that protect the organization's financial health and comply with regulatory standards.

What does a director credit risk do?

A Director of Credit Risk is responsible for overseeing an organization’s credit risk management strategies and policies. They analyze credit data, assess potential risks in lending or credit activities, and work to minimize losses related to bad debts. This role often involves leading a team, setting risk tolerance levels, and ensuring compliance with regulatory requirements. Directors of Credit Risk also collaborate with other departments to align risk management with the company's overall business objectives.

What is the difference between Director Credit Risk vs Credit Analyst?

AspectDirector Credit RiskCredit Analyst
CredentialsBachelor's/Master's in Finance, Economics, or related; often requires experience in credit risk managementBachelor's degree in Finance, Economics, or related; entry-level to mid-level roles
Work EnvironmentStrategic, leadership-focused, overseeing credit risk policies and teamsAnalytical, research-focused, assessing individual credit applications and risk
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending companies, credit bureaus

The main difference is that a Director Credit Risk leads and develops credit risk strategies at a high level, while a Credit Analyst focuses on evaluating individual credit applications and assessing risk at a more operational level. The Director role involves strategic oversight, whereas the Credit Analyst role is more analytical and detail-oriented.

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 Director Credit Risk jobs in Chicago, IL? For Director Credit Risk jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Director Credit Risk jobs in Chicago, IL look for? The top searched job categories for Director Credit Risk jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Director Credit Risk jobs? Cities near Chicago, IL with the most Director Credit Risk job openings:
Director Credit Risk jobs near you
Infographic showing various Director Credit Risk job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $161,027 per year, or $77.4 per hour.

Director of Credit and Collections

Fortune Fish & Gourmet

Bensenville, IL • On-site

Other

Re-posted 15 days ago

Job description

Director, Credit and Collections

The Director, Credit and Collections serves as the enterprise leader responsible for credit risk management, collections strategy, and cash optimization for a high-volume, low-margin, $1B+ foodservice distribution business. This role owns the company's credit governance framework, drives disciplined collections execution, and partners cross-functionally to balance profitable growth with prudent risk management, improved cash flow, and reduced days sales outstanding (DSO). The Director oversees the corporate accounts receivable portfolio, leads scalable credit and collections operations, and ensures proactive identification and mitigation of customer credit risk.

Duties & Responsibilities
  • Own enterprise-wide credit and collections strategy to optimize DSO, cash flow, and working capital performance
  • Establish, approve, and enforce customer credit policies, terms, limits, escalations, credit holds, and revocations.
  • Provide executive oversight of the corporate A/R portfolio, including high-risk, high-dollar, and strategic customer accounts.
  • Partner with Sales leadership to align credit decisions with growth objectives while protecting enterprise cash and margin.
  • Collaborate with Finance to forecast bad debt exposure, reserves, and customer default risk.
  • Lead and develop a multi-level credit and collections team, setting performance expectations, productivity goals, and succession plans.
  • Own collection performance outcomes, including aging bucket reduction, dispute resolution, and recovery strategies.
  • Serve as the senior point of contact for complex customer negotiations, escalations, and executive-level discussions.
  • Oversee litigation strategy, settlements, and recovery actions in partnership with Legal and external counsel.
  • Manage relationships and performance of third-party collection agencies and asset recovery partners.
  • Leverage systems and analytics (ERP, AR automation, CRM) to drive efficiency, transparency, and risk insight.
  • Report portfolio risk, performance trends, and actionable recommendations to senior leadership.
  • Lead change initiatives related to policy updates, systems implementations, and organizational scaling.
Success Measures (12-18 Months)
  • Measurable reduction in DSO and past-due A/R exposure
  • Improved accuracy of bad debt forecasting and reserve planning.
  • Strong alignment with Sales on credit discipline and customer risk evaluation.
  • Scalable credit governance and collections process supporting growth.
  • A high-performing, well-developed credit and collections leadership team.
Minimum Requirements
  • Education – Bachelor's degree in Finance, Accounting, Business, or a related discipline required; advanced degree a plus.
  • 10+ years of progressive credit and collections experience in a high-volume distribution, foodservice, logistics, or transportation environment.
  • 5+ years of senior leadership or manager-of-managers experience.
  • Deep knowledge of credit risk assessment, collections strategy, litigation processes, and customer negotiations.
  • Strong analytical capability with experience managing large datasets across multiple systems.
  • Proven ability to influence cross-functional leaders and drive enterprise-level outcomes.
  • Experience with ERP and A/R automation platforms (Business Central, NetSuite, YayPay, VersaPay, Salesforce preferred).

Fortune Fish & Gourmet is an equal opportunity employer. Our Mission is to elevate meals and lives by uniting unmatched product quality and selection with responsible sourcing, faithful stewardship, and unparalleled commitment to our customers' and team members' success. Our Vision is a world in which we can all: Do good. Be great. Scale excellence.

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