ZipRecruiter

Log In

1

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

Truist

ABL Director - Group Credit Leader

Chicago, IL · On-site

$200K - $240K/yr

Specific activities may change from time to time. 1. Lead team of asset managers to manage/mitigate credit risk of ABL portfolio transactions. 2. Manage and develop a team to complete on-time ...

circa

Credit and Collections Manager

Skokie, IL · On-site

$98K - $124K/yr

This role will oversee the investigation of credit risk in customers and advise on course of action ... This role will manage direct reports in the day-to-day performance of their jobs and has full ...

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

S.-regulated, direct access electricity derivatives market, offering financial products to address ... Market & Credit Risk * Design and oversee margin model validation, stress testing, and back-testing ...

next page

Showing results 1-20

All JobsCredit Risk JobsDirector Credit Risk JobsDirector Credit Risk Jobs in Chicago, IL

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 Jul 17, 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 of 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 of Credit Risk, and why are they important?

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 of 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
Director, ABL Portfolio Management

Director, ABL Portfolio Management

Fifth Third Bank

Chicago, IL • On-site

Full-time

Re-posted 11 days ago

Fifth Third Bank rating

7.5

Company rating: 7.5 out of 10

Based on 113 frontline employees who took The Breakroom Quiz

92nd of 149 rated banks

Job description

Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION:
The Director, ABL Portfolio Management participates in the execution and achievement of the Fifth Third Commercial Bank's Asset Based Lending (ABL) strategic initiatives through day-to-day relationship management of a complex portfolio of ABL customers.
The Director, ABL Portfolio Management is the primary member of the ABL coverage team, managing all aspects of the ABL transaction. Directors are expected to be intimately involved in in the deal process, making recommendations on appropriate credit structures, pricing, etc. Directors are directly accountable for managing a complex portfolio of accounts through their review of financial statements, collateral reporting (including borrowing base certificate analysis, appraisals of M&E and Real Estate along with any additional 3rd party work such as Field Exams), proactive monitoring, and partnership with the appropriate Relationship Managers.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Manages the ongoing credit risk of a complex portfolio of ABL relationships and participates in portfolio meetings with senior management.
  • Develops and maintains external relationships with assigned customers, including regular client meetings and business development calls, helping to ensure customer satisfaction and retention.
  • Should be able to independently attend client meetings with assigned clients. Work with manager on complex/most complex clients and workouts.
  • Ensures ongoing customer satisfaction through managing both the loan structure and customer interface with line and support functions who service their accounts.
  • Develops and maintains internal relationships with the coverage team including Relationship Managers/Credit Risk Officers.
  • Develops and executes appropriate strategies for problem clients without supervision
  • Maintains up to date trend cards/portfolio review forms, credit files and legal files through our departments' resources.
  • Capture and document credit decisions, conditions, and modifications.
  • Notes negative trends early and strategizes best solutions for bank, through maintaining trend cards/portfolio review forms, preparing and presenting credit write-ups and watch asset reports.
  • Consistently evaluate/update risk rating analysis including overall ratings, PD and LGD.
  • Monitors timeliness of reporting, tickler information and ensures bank has accurate information to make decisions and be expert on the accounts and their credit files.
  • A focus on continuous learning to keep up with ever-changing market dynamics.
  • Should have a understanding of the ABL legal environment including a basic understanding secured transaction laws and creditor rights and shows a strong interest in further developing that knowledge.
  • Mentor to more junior team members including Credit Analysts,Associates and Principals
  • Performs additional job related duties as assigned.

SUPERVISORY RESPONSIBILITIES:
Responsible for providing employees timely, candid and constructive performance feedback. Developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
  • Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting).
  • 8 years credit analysis and/or loan review experience in Commercial Banking.
  • Minimum 6-7 years of experience in an Asset Based Lending environment, in underwriting or field examination, or as a loan officer; or equivalent combination of education and experience.
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
  • Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
  • Advanced analytical skills, critical thinking and verbal and written communication skills.
  • Professional presence (client-facing).
  • Experience managing an advanced commercial client portfolio with a degree of complexity.
  • Ability to partner with all deal stakeholders including clients, relationship manager and credit teams.
  • Expertise in financial and risk analysis, including financial modeling.
  • Demonstrated expertise in using effective problem solving.
  • To perform this job successfully, an individual should have intermediate knowledge of Word and Excel spreadsheet software. Proficient with technology and ability to learn new applications.

WORKING CONDITIONS:
  • Normal office environment with little exposure to dust, noise, temperature and the like.
  • Extended viewing of a CRT screen.
  • Some travel required.

All the above duties and responsibilities are essential job functions for which reasonable accommodation will be made. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. This position description is not to be construed as an exhaustive statement of duties, responsibilities or requirements. Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodation.
Director, ABL Portfolio Management
Total Base Pay Range 96,500.00 - 207,500.00 USD Annual
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Chicago, Illinois 60606
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

What Fifth Third Bank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Fifth Third Bank logo

About Fifth Third Bank

Sourced by ZipRecruiter

Fifth Third Bank, National Association established in 1858, is a diversified financial services company headquartered in Cincinnati, Ohio. Fifth Third is among the largest money managers in the Midwest. It operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Cincinnati, OH, US

Year founded

1858

View All Fifth Third Bank Jobs

Apply