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Head Of Credit Risk Jobs in Chicago, IL (NOW HIRING)

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an ... DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site +1

$125K - $255K/yr

Serve as the departmental subject matter expert in credit risk in one of more of the segments within the commercial and/or consumer portfolios and have general knowledge of lending support area ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site +1

$125K - $255K/yr

Serve as the departmental subject matter expert in credit risk in one of more of the segments within the commercial and/or consumer portfolios and have general knowledge of lending support area ...

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All JobsHead Of Credit Risk JobsHead Of Credit Risk Jobs in Chicago, IL

Head Of Credit Risk information

See Chicago, IL salary details

$89.2K

$163.2K

$246.9K

How much do head of credit risk jobs pay per year?

As of Sep 8, 2026, the average yearly pay for head of credit risk in Chicago, IL is $163,213.00, according to ZipRecruiter salary data. Most workers in this role earn between $137,600.00 and $183,000.00 per year, depending on experience, location, and employer.

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

A Head of Credit Risk often encounters challenges such as adapting to rapidly changing market conditions, ensuring robust risk assessment models, and maintaining regulatory compliance. Balancing risk minimization with business growth targets requires strong analytical skills and cross-department collaboration. Regularly updating risk policies, leveraging advanced analytics, and fostering open communication with lending, compliance, and IT teams helps address these challenges effectively. Staying proactive and fostering a culture of continuous improvement are also key to success in this leadership role.

What are the key skills and qualifications needed to thrive as a head of credit risk, and why are they important?

To thrive as a Head of Credit Risk, a deep understanding of credit risk analysis, portfolio management, and regulatory requirements is essential, often supported by a degree in finance, economics, or a related field. Expertise with risk assessment tools, credit risk modeling software, and familiarity with regulatory systems like Basel Accords are typically required. Strong leadership, analytical thinking, and effective communication are vital soft skills for managing teams and influencing strategic decisions. These skills ensure robust risk management practices, regulatory compliance, and the financial stability of the organization.

What is the difference between Head Of Credit Risk vs Credit Risk Manager?

AspectHead Of Credit RiskCredit Risk Manager
ResponsibilitiesOversees entire credit risk strategy, policy development, and team leadershipManages credit risk assessments, monitoring, and reporting within specific portfolios
Required CredentialsTypically requires advanced degrees and extensive experience in credit riskRequires relevant experience and certifications like CFA or credit risk courses
Work EnvironmentStrategic, leadership-focused, often in senior management meetingsOperational, analytical, focused on credit assessments and monitoring

The Head Of Credit Risk holds a senior leadership role, shaping overall credit policies, while the Credit Risk Manager focuses on day-to-day risk assessment and management. Both roles require relevant experience and certifications, but differ mainly in scope and strategic influence.

What are popular job titles related to Head Of Credit Risk jobs in Chicago, IL?

For Head Of Credit Risk jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Head Of Credit Risk jobs in Chicago, IL look for?

The top searched job categories for Head Of Credit Risk jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Head Of Credit Risk jobs?

Cities near Chicago, IL with the most Head Of Credit Risk job openings:

Head Of Credit Risk jobs near you
Infographic showing various Head Of Credit Risk job openings in Chicago, IL as of August 2026, with employment types broken down into 81% Full Time, 17% Part Time, 1% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $163,208 per year, or $78.5 per hour.

Credit Risk Manager

DV Trading

Chicago, IL • On-site

$150K - $200K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 9 days ago

Job description

About Us:
Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.
Overview:
DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management function by evaluating clients, counterparties, and credit investments while identifying, measuring, and mitigating risk across the firm's global trading activities. This role will partner closely with senior leadership to enhance the firm's credit risk framework, deliver actionable risk insights, and support strategic decision-making as DV continues to expand its products and markets.
Responsibilities:
  • Lead Counterparty and Credit Risk Management practice at DV Trading by engaging business partners to perform diligence and credit risk analysis of clients, counterparties, and credit investments (such as corporate bonds or loans)
  • Own and develop a Credit Risk framework and advise senior leadership on our evolving trading business and strategic oversight to develop leading risk metrics and appropriately measure and manage emerging risks and products
  • Recommend internal credit risk ratings based on a firmwide model and prepare written assessments to substantiate the periodic credit review for rating upgrades/downgrades
  • Perform portfolio reviews and evaluate potential exposures
  • Co-Lead the Credit Risk Committee with the CFO and CRO by preparing materials that clearly communicate Counterparty and Credit Risk Analytics to senior management by building your own data, metrics, trends, and recommendations

Requirements:
  • Minimum of 5 years of experience in counterparty or credit risk management with a preference for experience in the proprietary trading industry
  • Preference for prior experience in credit risk for analyzing commodities producers/consumers, digital assets, and financial institutions
  • Confidence to resolve complex client challenges or learn new products by collaborating with business partners
  • Strong proficiency in Microsoft Office Suite, SQL, Python, data visualization tools
  • Excellent cross-functional collaboration skills, including navigating leadership and interpersonal working relationships

Benefits:
  • Discretionary bonus eligibility
  • Medical, dental, and vision insurance
  • HSA, FSA, and Dependent Care Options
  • Employer Paid Group Term Life and AD&D insurance
  • Voluntary LTD, Life & AD&D insurance
  • Flexible Vacation policy
  • Retirement plan with employer match

DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.
The range below reflects the expected base salary for this position. It represents a good-faith estimate of the base pay we anticipate offering, with actual compensation determined by your experience, education, skills, and performance throughout the interview process. This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading's benefits package, including the benefits listed above.
Base Salary Range
$150,000-$200,000 USD

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