ZipRecruiter

Log In

1

Senior Credit Risk Manager Jobs in Illinois (NOW HIRING)

Adyen

Senior Financial Risk Analyst

Chicago, IL · On-site

$125K - $170K/yr

Senior Financial Risk Analyst As a Senior Financial Risk Analyst located in Chicago, you will be ... You will share Adyen's approach to credit risk management to merchants, commercial teams, and ...

Adyen

Senior Financial Risk Analyst

Chicago, IL · On-site

$125K - $170K/yr

Senior Financial Risk Analyst As a Senior Financial Risk Analyst located in Chicago, you will be ... You will share Adyen's approach to credit risk management to merchants, commercial teams, 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 ... Complete credit risk analytics, which includes but is not limited to loan origination strategy ...

SmartBiz Bank

Senior Credit Analyst

Northbrook, IL · On-site

$95K - $105K/yr

... risk involved in lending money or extending credit. * Prepare Pre-Flight of the potential loan for the Chief Credit Officer and Senior Management to determine if moving forward with a proposal and ...

previous page

Showing results 41-60

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.

Manager Credit Risk Analysis

Federal Home Loan Bank of Chicago

Chicago, IL • Hybrid

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 8 days ago

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

  • Collaborative, in-office operating model

  • Retirement program (401k and Pension)

  • Medical, dental and vision insurance

  • Lifestyle Spending Account

  • Competitive PTO plan

  • 11 paid holidays per year

      Who we are

      Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.

      Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.

      What it's like to work here

      At FHLBank Chicago, we bring people together. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided with an allocation of remote days to use as needed throughout the year.

      What you'll do

      The Manager, Credit Analysis will have primary responsibility for management and oversight of the depository and CDFI credit team. The team consists of two additional analysts and is responsible for the credit requirements related to the Bank's depository and CDFI members. Responsibilities include the support of the Bank's mission critical models for depositories and all associated policies and processes.

      How you'll make an impact

      • Closes a critical management gap in depository/CDFI credit risk oversight, enabling faster risk rating decisions and stronger analyst development across a 445-bank, 103-credit union, 9-CDFI portfolio.

      • Frees senior leadership capacity for board, regulatory, and strategic priorities by shifting day-to-day team management and brief oversight to a dedicated manager.

      • Strengthens succession and bench depth, pairing an experienced SME manager with existing analysts to accelerate their leadership readiness.

      What you can expect

      • Management responsibilities of a team of two credit analysts which includes priority setting, skill development and performance management.

      • Perform analysis on and recommend approval for new and/or continuing borrowers.

      • Lead team through quarterly credit analysis and risk rating of borrowers.

      • Recommend credit and collateral terms for depositories and CDFIs.

      • Work with Relationship Managers and borrowers on risk mitigation strategies and structures.

      • Develop and manage internal models for assessing credit risk and assigning risk ratings.

      • Develop and implement credit underwriting standards for borrowers.

      • Monitor economic trends and regulatory developments and their impact on borrowers.

      • Report to regulators, senior management, and Credit Committee.

      • Work with IT on credit systems and with other teams in the Bank on strategic projects.

      • Provide active management and thought leadership to your immediate team to aide in their development in credit underwriting, analytic skills and leadership development.

      • Surveillance of existing depository and CDFI members for material changes in credit quality.

      • Analyze the creditworthiness of financial institutions that pose an elevated credit risk to the Bank and make appropriate recommendations.

      • Maintain and develop credit models to support the analytics regime supporting the Credit risk rating process.

      • Foster collaborative relationship with our Sales team to support of our financial institution members and counterparties.

      What you'll bring

      • Bachelor's degree in Finance, Accounting, Management, Economics or other business-related discipline. MBA or other Master's level degree preferred.

      • 5-10 years of experience in credit underwriting of financial institutions.

      • Excellent interpersonal communication skills (written, oral, and listening) are required.

      • Strong analytic abilities, including credit underwriting experience, the ability to manipulate large data sets, and robust modeling skills.

      • At ease working within a team-based environment.

      • Time management and an ability to display initiative are necessary.

      • Must be self-directed with high energy level.

      • MS Office products.

      • Tableau, VBA, R, S&P CapIQ, and Bloomberg experience is a preferred.

      The Perks

      At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

      Salary Range:

      $125,825.00 - $221,275.00

      The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

      Apply