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Senior Credit Risk Manager Jobs in Illinois (NOW HIRING)

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 Financial

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.

Sauk Valley Bank

Senior Credit Analyst

Harvard, IL · On-site

... risk in accordance with bank policy and direction of the Chief Credit Officer ... Work is closely managed and the individual gains exposure to other complex tasks within the job ...

Sauk Valley Bank

Senior Credit Analyst

Harvard, IL · On-site

... risk in accordance with bank policy and direction of the Chief Credit Officer ... Work is closely managed and the individual gains exposure to other complex tasks within the job ...

Adyen

Credit Risk Analyst

Chicago, IL · On-site

$100K - $130K/yr

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 ...

Adyen

Credit Risk Analyst

Chicago, IL · Hybrid

$100K - $130K/yr

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 ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site

$125K - $255K/yr

Credit Review Team Leader Sr. The Credit Review Team Leader Sr. will report directly to the Credit ... As part of the respective credit risk focus area, develop and manage a credit review program which ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site +1

$125K - $255K/yr

The Credit Review Team Leader Sr. will report directly to the Credit Review Director or Credit ... As part of the respective credit risk focus area, develop and manage a credit review program which ...

Huntington

Credit Review Team Leader Sr

Chicago, IL · On-site +1

$125K - $255K/yr

The Credit Review Team Leader Sr. will report directly to the Credit Review Director or Credit ... As part of the respective credit risk focus area, develop and manage a credit review program which ...

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Showing results 21-40

All JobsCredit Risk JobsSenior Credit Risk Manager JobsSenior Credit Risk Manager Jobs in Illinois

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 Sep 1, 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.

VP, Credit Risk Oversight

Wintrust

Rosemont, IL • On-site

$117K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 24 days ago

Wintrust rating

8.0

Company rating: 8.0 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

72nd of 174 rated banks

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol "WTFC."
Why join us?
  • An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years).
  • Competitive pay and discretionary or incentive bonus eligible.
  • Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
  • Promote from within culture.

Why join this team?
  • Be part of a strong, mature, risk management governance framework.
  • Option to work at corporate headquarters in Rosemont, IL or Countryside, IL location.
  • We foster an inclusive environment for an individual to grow and work independently.
  • Opportunity to interact with management level, experienced professionals - higher visibility.
  • Wintrust has a great culture that comes from the top down.
  • Gain experience and further your career by joining a growing organization.

Position Overview
The Credit Risk Oversight Specialist is part of the Credit Risk Oversight Team functioning as an independent second line of defense reporting to the VP Credit Risk Oversight Group Manager. The Credit Risk Oversight Specialist will conduct a systematic review of commercial, small business, specialty, or consumer loan portfolios to determine the accuracy of risk identification in the loan portfolio as well as the adequacy of documentation, administration, credit quality and loan performance. In addition, the Credit Risk Oversight Specialist will prepare business unit reports and other reports related to other bank wide credit risk related issues.
What You'll Do
  • Participate in the overall assessment of portfolio credit quality by assessing risk rating accuracy, timeliness of grade changes and appropriateness of supporting rationale.
  • Ensure loan underwriting standards adhere to Wintrust policy and procedures, and policy exceptions are appropriate and mitigated effectively.
  • Review loan documentation, collateral documentation and other credit administration and monitoring for adherence to Wintrust policy and procedure and to all relevant laws and regulations, as well as alignment with credit approval.
  • Manage and/or co-manage internal credit risk oversight engagements.
  • Perform continuous monitoring of assigned portfolios and quarterly charter reviews.
  • 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.
  • Effectively listen and communicate with loan officers, business unit managers, senior Wintrust leadership, appropriate internal committees, external auditors and all regulatory bodies.

Qualifications
  • Bachelor's degree in accounting, Finance, Economics, or a related discipline.
  • Credit professional with at least five years of commercial credit experience, preferably with a background in commercial credit underwriting, credit risk management or loan/credit review.
  • Strong credit analytical skills and credit process knowledge.
  • Knowledge of the banking industry and regulatory guidelines as they relate to credit review and credit risk management practices.
  • Experience in specialty lending niches such as leveraged loans, franchise lending, leasing, asset-based lending, insurance, etc.
  • Successful completion of a formal credit training program preferred.
  • Previous loan/credit review experience preferred.

Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated salary range for this role is $117,000-$150,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
#LI-ONSITE
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

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