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Freelance Credit Risk Manager Jobs in Illinois (NOW HIRING)

... management. Identifies, outlines, and mitigates risks associated with potential lending ... Ensures credits are accurately risk rated and are properly monitored and reported. * Prepares all ...

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 ...

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 ...

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 ...

Beyond day-to-day underwriting and portfolio management, the team owns the development and operation of credit risk frameworks for new and evolving financial products (e.g. Adyen Capital). Working ...

Beyond day-to-day underwriting and portfolio management, the team owns the development and operation of credit risk frameworks for new and evolving financial products (e.g. Adyen Capital). Working ...

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Freelance Credit Risk Manager information

What are the key skills and qualifications needed to thrive as a Freelance Credit Risk Manager, and why are they important?

To thrive as a Freelance Credit Risk Manager, you need a solid background in finance, risk assessment, and data analysis, typically supported by a degree in finance, economics, or a related field. Familiarity with credit risk modeling software, financial databases, and relevant certifications such as FRM or CFA is often required. Strong communication, independent problem-solving, and client management skills help distinguish top performers in this role. These abilities ensure accurate risk evaluation, build client trust, and support effective decision-making in dynamic environments.

How does a Freelance Credit Risk Manager typically collaborate with clients and stakeholders?

As a Freelance Credit Risk Manager, you’ll frequently work with clients’ finance teams, senior management, and sometimes external auditors to assess and mitigate credit risks. Collaboration often takes place via virtual meetings, email communications, and shared project management tools, since many engagements are remote or hybrid. You’ll be expected to present your analyses, explain risk models, and provide actionable recommendations tailored to each client’s unique needs. Building strong relationships and clear channels of communication is essential for delivering value and ensuring your assessments are effectively implemented.

What does a Freelance Credit Risk Manager do?

A Freelance Credit Risk Manager is an independent professional who evaluates and manages the risk associated with lending money or extending credit to clients or businesses. Their main responsibilities include analyzing financial statements, assessing creditworthiness, setting credit limits, and recommending risk mitigation strategies. They often work with banks, financial institutions, or companies on a project basis, providing expert advice without being a full-time employee. By identifying potential risks, they help ensure that clients make sound lending decisions and minimize potential financial losses.

What is the difference between Freelance Credit Risk Manager vs Credit Analyst?

AspectFreelance Credit Risk ManagerCredit Analyst
CredentialsRelevant certifications (e.g., CFA, credit risk certifications), experience in credit risk managementOften requires finance or accounting degrees, certifications like CFA or CPA beneficial
Work EnvironmentIndependent, remote or client-site, project-basedTypically in banks, financial institutions, or corporate finance teams
Employer & IndustryFreelance/consulting firms, financial services, lending companiesBanks, investment firms, corporate finance departments

While both roles involve assessing creditworthiness, a Freelance Credit Risk Manager focuses on managing credit risk strategies for multiple clients independently, whereas a Credit Analyst primarily works within organizations to evaluate individual credit applications. The freelance role offers flexibility and project-based work, while the credit analyst role is usually within a corporate or banking environment.

What are the most commonly searched types of Credit Risk Manager jobs in Illinois? The most popular types of Credit Risk Manager jobs in Illinois are:
What are popular job titles related to Freelance Credit Risk Manager jobs in Illinois? For Freelance Credit Risk Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Freelance Credit Risk Manager jobs in Illinois look for? The top searched job categories for Freelance Credit Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Freelance Credit Risk Manager jobs? Cities in Illinois with the most Freelance Credit Risk Manager job openings:
CRE Credit Risk Manager

CRE Credit Risk Manager

Valley Bank

Chicago, IL • On-site

Full-time

Posted 14 days ago


Valley Bank rating

7.9

Company rating: 7.9 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

61st of 141 rated banks


Job description

Responsibilities include but are not limited to:
  • Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
  • Participates in external client meetings as well as internal deal team discussions and approval discussions with senior management. Identifies, outlines, and mitigates risks associated with potential lending opportunities, advises on all matters related to the Bank's Credit Policy and related procedures, and provides guidance on loan structures and risk appetite.
  • Performs the required due diligence and analysis, produces the credit presentation in accordance with guidelines and policy while ensuring timely completion of the underwriting, presents credit requests to the required level of credit authority.
  • Maintains oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement including (i) financial reporting, (ii) covenant compliance, (iii) collateral monitoring, (iv) required third party reports, (v) annual reviews, and (vi) maturing loans and lines of credit. In coordination with the business team, maintains direct contact with clients as needed for account monitoring and administration and site visits.
  • Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc. to verify compliance. Escalates issues to appropriate levels and develops action plans as necessary.
  • Ensures credits are accurately risk rated and are properly monitored and reported.
  • Prepares all required quarterly reports and analysis including Criticized Loan Monitoring Reports as well as other portfolio management reports as required.
  • Participates in special projects and requests related to the management of the portfolio.

Required Skills:
  • Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
  • Strong knowledge of credit underwriting, financial accounting and loan documentation.
  • Strong knowledge of how a deal should be structured and comfortability with conversing this structure to lenders.
  • Strong computer skills using Microsoft Word, Excel and Outlook.
  • Strong level of interpersonal and social skills needed to interact with loan officers, administrative staff and customers.
  • Ability to manage time efficiently.
  • Strong mathematical skills.
  • Strong credit skills.
  • Strong administrative skills.
  • Ability to write reports and business correspondence.
  • Ability to effectively present information and respond to questions.

Required Experience:
  • High School diploma or GED.
  • Minimum of 5 years of experience in a commercial lending environment in a credit-oriented and underwriting position.

Preferred Experience:
  • Bachelor's degree and completion of a formal credit training program.

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