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

Scotsman Ice Systems

Credit Manager

Vernon Hills, IL · On-site

$90K - $100K/yr

Job Title Credit Manager Function Finance Reports to Director of Revenue Accounting Supervises ... Through proactive risk monitoring, timely reconciliations, precise tax compliance, and adherence to ...

Scotsman Ice

Credit Manager

Vernon Hills, IL

Job Title Credit Manager Function Finance Reports to Director of Revenue Accounting Supervises ... Through proactive risk monitoring, timely reconciliations, precise tax compliance, and adherence to ...

Scotsman Group

Credit Manager

Vernon Hills, IL · On-site

Job Title Credit Manager Function Finance Reports to Director of Revenue Accounting Supervises ... Through proactive risk monitoring, timely reconciliations, precise tax compliance, and adherence to ...

PNC

Relationship Manager I - Business Banking

Elgin, IL

$82K - $137K/yr

As defined with the business, demonstrates ability to analyze, evaluate and mitigate credit risk by ... direct industry experience. Certifications are often desired. In lieu of a degree, a comparable ...

PNC Bank

Relationship Manager I - Business Banking

Zion, IL · On-site

$60K - $107K/yr

As defined with the business, demonstrates ability to analyze, evaluate and mitigate credit risk by ... direct industry experience. Certifications are often desired. In lieu of a degree, a comparable ...

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

Director Credit Risk information

See McHenry, IL salary details

$83.2K

$153.9K

$296.8K

How much do director credit risk jobs pay per year?

As of Aug 27, 2026, the average yearly pay for director credit risk in McHenry, IL is $153,869.00, according to ZipRecruiter salary data. Most workers in this role earn between $102,900.00 and $185,100.00 per year, depending on experience, location, and employer.

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 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 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 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 popular job titles related to Director Credit Risk jobs in McHenry, IL?

For Director Credit Risk jobs in McHenry, IL, the most frequently searched job titles are:

What cities near McHenry, IL are hiring for Director Credit Risk jobs?

Cities near McHenry, IL with the most Director Credit Risk job openings:

Director Credit Risk jobs near you
Infographic showing various Director Credit Risk job openings in McHenry, IL as of July 2026, with employment types broken down into 81% Full Time, and 19% Part Time. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $153,869 per year, or $74 per hour.

Underwriter - Credit Insurance \u007C Energy Transition Finance

Mundelein, IL • On-site

Energetic
See more jobs at Energeticexternal

Full-time

This job post has expired today. Applications are no longer accepted.

Job description

Energetic is helping drive the energy transition by unlocking capital for clean energy projects. We’re a diverse, mission-driven team building innovative credit insurance solutions for the energy sector.
We’re looking for an Underwriter to support the growth of our credit insurance platform. This role offers hands-on transactional exposure, direct interaction with brokers and clients, and close collaboration with senior leadership on strategy and execution.
What you’ll do
*Underwrite and structure credit insurance solutions for energy transactions
*Assess counterparty credit risk and complex financial structures
*Work directly with brokers, clients, and internal stakeholders
*Support strategic initiatives and process improvements
What we’re looking for
*2–5 years of experience in financial services, with exposure to power markets, project finance, construction lending, or credit risk
*Strong financial analysis and communication skills
*Comfortable operating in a fast-paced, startup environment
*Curious mindset, proactive attitude, and able to work independently
Relevant experience may include
*Credit insurance (junior/associate underwriter)
*Energy project finance (analyst/associate)
*Commodities trading in power or electricity markets (analyst/associate)
Qualifications
*Bachelor’s degree in finance, business, or related field (or equivalent experience)
*Experienced in financial statement analysis or formal credit training
*CFA or similar designation (or in progress) a plus
*Advanced proficiency in Microsoft Office applications (Excel, PowerPoint, Word)

If you’re excited about clean energy, structured finance, and building something new, we’d love to hear from you. Compensation commensurate with experience. Check out our website for info about working with Energetic.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.