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Full Time Credit Risk Manager Jobs in Illinois (NOW HIRING)

Fifth Third

Credit Risk Officer II

Chicago, IL · On-site

Pursuant to the Bancorp Risk Framework, executes credit risk management strategies and policies, exercising independent judgement and providing constructive and credible challenge to credit risk ...

Wintrust

VP, Credit Risk Oversight

Rosemont, IL

$117K - $150K/yr

Wintrust provides community and commercial banking, specialty finance and wealth management ... Position Overview The Credit Risk Oversight Specialist is part of the Credit Risk Oversight Team ...

Wintrust

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Wintrust provides community and commercial banking, specialty finance and wealth management ... Position Overview The Credit Risk Oversight Specialist is part of the Credit Risk Oversight Team ...

RWE

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

RWE Americas, LLC To start as soon as possible, full time, permanent Functional area: Finance ... Utilize credit risk systems to input, track and manage credit exposures in line with policies and ...

Alliant

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

Ensure effective communication with management and key stakeholders from other functional areas ... full-time, regular part-time, or temporary employment. Adhere to and ensure compliance of all ...

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

Review and monitor credit risk for credit cards, and recommend/implement line management, pricing ... full-time, regular part-time, or temporary employment. Adhere to and ensure compliance of all ...

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All JobsCredit Risk JobsFull Time Credit Risk Manager JobsFull Time Credit Risk Manager Jobs in Illinois

Full Time Credit Risk Manager information

What is the difference between Full Time Credit Risk Manager vs Credit Analyst?

AspectFull Time Credit Risk ManagerCredit Analyst
CredentialsBachelor's degree in finance, economics, or related field; often certifications like CFA or FRMBachelor's degree in finance, accounting, or related field; certifications are optional
Work EnvironmentOversees credit risk policies, manages teams, and interacts with senior managementAnalyzes credit data, prepares reports, and supports risk assessments
Employer & Industry UsageFinancial institutions, banks, and lending companiesBanks, credit agencies, and investment firms

The Full Time Credit Risk Manager focuses on overseeing credit risk strategies and managing teams, while the Credit Analyst primarily conducts credit data analysis and supports risk evaluation. Both roles are essential in financial institutions but differ in scope and responsibilities.

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Full Time Credit Risk Manager jobs near you
Manager, Credit Risk & Portfolio Analytics

Manager, Credit Risk & Portfolio Analytics

Artius Solutions

Chicago, IL • On-site

Full-time

Posted 9 days ago

Job description

Manager, Credit Risk & Portfolio Analytics

Location: Chicago, IL (Hybrid)
Employment Type: Full-Time

Overview

Our client, a large and well-established financial services organization based in Chicago, is seeking a Manager, Markets Credit to lead credit risk oversight across mortgage-related assets and fixed income investment portfolios.

This role will manage a team responsible for developing and maintaining credit risk models, performing scenario analysis and stress testing, and monitoring portfolio risk trends. The position will also collaborate closely with cross-functional teams to support investment strategies, product development initiatives, and regulatory compliance efforts.

The ideal candidate is a strong analytical leader with experience in credit risk modeling, mortgage or structured finance exposure, and a track record of leading high-performing analytical teams.

Key ResponsibilitiesCredit Risk Oversight

  • Oversee the monitoring and analysis of credit risk exposures within mortgage-related and investment portfolios.

  • Identify emerging risk trends and provide insights into portfolio performance and risk concentrations.

  • Ensure risk management frameworks support sound portfolio management and investment decision-making.

Credit Modeling & Analytics

  • Lead the development and maintenance of credit risk models including prepayment, default, and loss forecasting models.

  • Manage model assumptions, calibration, validation support, and performance monitoring.

  • Conduct model back-testing and benchmarking to evaluate model effectiveness and recommend improvements.

  • Design analytical tools and risk frameworks to evaluate credit enhancement adequacy and portfolio resilience.

Stress Testing & Scenario Analysis

  • Lead scenario analysis and macroeconomic stress testing across mortgage and investment portfolios.

  • Evaluate portfolio sensitivity to changing market conditions and economic variables.

  • Present findings and recommendations to senior stakeholders.

Regulatory & Governance Collaboration

  • Partner with model validation teams, internal audit, and regulatory stakeholders to ensure models and processes meet governance requirements.

  • Support regulatory reporting and model documentation standards.

Data & Process Innovation

  • Identify opportunities to enhance risk monitoring through advanced analytics, automation, and improved data infrastructure.

  • Lead initiatives that improve analytical efficiency and portfolio risk transparency.

Team Leadership & Stakeholder Collaboration

  • Lead and develop a team of credit risk analysts and quantitative professionals.

  • Provide mentorship, performance management, and guidance on analytical methodologies.

  • Build strong partnerships with internal teams including finance, treasury, operations, legal, and risk management.

QualificationsEducation

  • Bachelor’s degree in Mathematics, Finance, Economics, Statistics, Computer Science, or a related quantitative discipline

  • Master’s degree preferred

Certifications (Preferred)

  • CFA or FRM designation or candidacy

Experience

  • 5+ years of experience in credit risk modeling, quantitative analytics, or financial risk management

  • 2+ years of people management experience

  • Experience working with mortgage assets, fixed income securities, or structured finance portfolios

Technical Skills

  • Strong experience developing predictive statistical models and analytical frameworks

  • Proficiency with SQL, Python, or R

  • Experience with business intelligence and analytics tools such as Tableau or Alteryx

  • Strong data analysis and modeling capabilities

Risk & Regulatory Knowledge

  • Familiarity with credit risk management frameworks and model governance

  • Experience supporting model validation, regulatory reviews, or audit processes

  • Understanding of mortgage lending, underwriting, or servicing processes is a plus

Leadership & Communication

  • Ability to lead and develop analytical teams

  • Strong stakeholder communication and presentation skills

  • Ability to translate complex analytical findings into actionable insights for business leaders

  • Strong problem-solving and critical thinking skills

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