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

Alliant

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

Drive the development of analytical frameworks and strategies for loan origination, loss ... Review and monitor credit risk for existing accounts in open-ended lending products such as credit ...

Wintrust

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Wintrust delivers the sophisticated solutions of a large bank while staying true to the ... Position Overview The Credit Risk Oversight Specialist is part of the Credit Risk Oversight Team ...

Wintrust

VP, Credit Risk Oversight

Rosemont, IL

$117K - $150K/yr

Wintrust delivers the sophisticated solutions of a large bank while staying true to the ... 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 delivers the sophisticated solutions of a large bank while staying true to the ... Position Overview The Credit Risk Oversight Specialist is part of the Credit Risk Oversight Team ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site

$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?

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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.

Risk Management - Credit Officer - Senior Associate

JP Morgan Chase

Chicago, IL • On-site

Full-time

Medical, Retirement

Re-posted 13 days ago

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

78th of 176 rated banks

Job description

Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgment to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Credit Officer Senior Associate within the Credit Risk team, you will evaluate and identify risks and interpret data to support management in making well-informed credit decisions on multifamily commercial real estate loan requests. You will operate in a dynamic, high-volume, and fast-paced environment, analyzing loans ranging from $1 million to $25 million+. You will be part of a highly collaborative team that prioritizes learning, professional development, inclusivity, and mentorship.

Job Responsibilities

  • Oversee all aspects of credit analysis on loans secured by multifamily and other types of commercial real estate
  • Evaluate and manage risks in each transaction
  • Build and maintain strong relationships with internal business stakeholders including sales, processing, closing, and legal
  • Apply relevant policies, standards, procedures, and regulatory requirements to all credit analysis activities
  • Apply data analysis techniques to interpret results and provide insights and recommendations to management
  • Serve as a technical expert in addressing inquiries and resolving system-related issues specific to credit risk analysis and management tools
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge 
     

Requiredqualifications,capabilities,andskills

  • Bachelor's degree in a business or finance concentration
  • 3 years of experience in commercial real estate lending or 5 years of other banking or finance experience
  • Thorough understanding of multifamily real estate property valuations and cash flow analysis
  • Strong financial analysis skills, including evaluating property cash flows, property valuation, and personal financial statements
  • Ability to manage competing priorities effectively in a collaborative, high volume environment while maintaining  attention to detail
  • Excellent verbal and written communication and problem-solving skills
  • Ability to prioritize, plan, and manage processes to complete credit analysis and other assignments as needed
  • Familiarity with regional commercial real estate markets and municipal regulations
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems

Preferred qualifications, capabilities, and skills

  • Advanced degree in a related field or real estate coursework
  • Experience as a loan underwriter in commercial real estate and agency lending (e.g. Fannie Mae or Freddie Mac)
  • Experience with proprietary credit risk management tools.
  • Experience with large language model tools
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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