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Senior Credit Risk Manager Jobs in Illinois (NOW HIRING)

DV Trading

Credit Risk Manager

Chicago, IL

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... This role will partner closely with senior leadership to enhance the firm's credit risk framework ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... This role will partner closely with senior leadership to enhance the firm's credit risk framework ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ... This role will partner closely with senior leadership to enhance the firm's credit risk framework ...

TRUSTBANK

AVP/Senior Credit Officer

Olney, IL · On-site

$115K - $125K/yr

AVP/SENIOR CREDIT OFFICER DEPARTMENT: CREDIT REPORTS TO: VP/CHIEF CREDIT OFFICER FLSA STATUS ... PRIMARY DUTIES AND RESPONSIBILITIES (Other duties may be assigned.) Credit Risk Management Analyze ...

Fifth Third

Credit Risk Officer II

Chicago, IL

GENERAL FUNCTION: Pursuant to the Bancorp Risk Framework, executes credit risk management ... Provide information, analysis, and credit risk and portfolio recommendations to the Senior Credit ...

Wintrust

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Work with senior management to regularly update the credit risk oversight policies and procedures. * Ensure adversely classified assets are identified and have appropriate action plans in place.

Wintrust

VP, Credit Risk Oversight

Rosemont, IL

$117K - $150K/yr

Work with senior management to regularly update the credit risk oversight policies and procedures. * Ensure adversely classified assets are identified and have appropriate action plans in place.

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Senior Credit Risk Manager information

See Illinois salary details

$21.8K

$114.6K

$203.5K

How much do senior credit risk manager jobs pay per year?

As of Aug 31, 2026, the average yearly pay for senior credit risk manager in Illinois is $114,595.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,900.00 and $140,500.00 per year, depending on experience, location, and employer.

What are some typical challenges a senior credit risk manager faces in balancing risk and business growth?

A Senior Credit Risk Manager often faces the challenge of maintaining a prudent risk profile while supporting the organization's growth targets. This involves analyzing complex financial data, setting appropriate credit limits, and developing risk models that reflect current market conditions. Balancing regulatory compliance with commercial objectives and collaborating with sales, underwriting, and compliance teams to ensure sound credit decisions is key. Effective communication and negotiation skills are essential when advising senior leadership on potential exposures and strategic moves.

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

To excel as a Senior Credit Risk Manager, you need strong analytical skills, deep knowledge of credit risk assessment, and typically a degree in finance, economics, or a related field. Expertise with risk management software (such as SAS, Moody's Analytics, or SQL), financial modeling tools, and relevant certifications like FRM or CFA is highly valued. Exceptional communication, leadership, and decision-making abilities are important soft skills for managing teams and collaborating across departments. These skills and qualifications are crucial for accurately assessing credit risk, ensuring regulatory compliance, and safeguarding an organization's financial health.

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

AspectSenior Credit Risk ManagerCredit Analyst
Required CredentialsBachelor's degree, often advanced certifications like CFA or credit risk certificationsBachelor's degree, often in finance, economics, or related fields
Work EnvironmentStrategic, managerial, overseeing credit risk policiesAnalytical, research-focused, assessing individual credit applications
Employer & Industry UsageFinancial institutions, banks, large corporationsBanks, lending institutions, credit agencies
Common Search & ComparisonYesYes

The Senior Credit Risk Manager typically oversees credit risk strategies and manages teams, requiring advanced certifications and strategic skills. In contrast, a Credit Analyst focuses on evaluating individual credit applications and conducting detailed financial analysis. While both roles are integral to credit risk management, they differ in scope, responsibilities, and experience level.

What does a senior credit risk manager do?

A senior credit risk manager oversees the assessment and management of credit risk for an organization, analyzing borrower creditworthiness and developing strategies to minimize potential losses. They use financial analysis, credit scoring models, and risk mitigation techniques, often working with data analysis tools and regulatory compliance standards. Their role involves making high-level decisions to ensure the organization's credit portfolio remains healthy and within risk appetite.

What are popular job titles related to Senior Credit Risk Manager jobs in Illinois?

For Senior Credit Risk Manager jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Senior Credit Risk Manager jobs in Illinois look for?

The top searched job categories for Senior Credit Risk Manager jobs in Illinois are:

What cities in Illinois are hiring for Senior Credit Risk Manager jobs?

Cities in Illinois with the most Senior Credit Risk Manager job openings:

Senior Credit Risk Manager jobs near you
Infographic showing various Senior Credit Risk Manager job openings in Illinois as of August 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $114,595 per year, or $55.1 per hour.

Credit Risk Manager

DV Trading

Chicago, IL

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 2 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.

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