Credit Risk Analyst Jobs in Illinois
Credit Risk Analyst jobs in Illinois are consistently active, with demand concentrated in commercial banking, insurance, corporate treasury, and fintech across a seniority range from entry-level analyst through senior director. Chicago anchors the majority of hiring, supported by additional activity in Naperville and Rosemont, where institutions like JPMorgan Chase, Northern Trust, and Discover Financial have long-established Illinois operations. The most in-demand specialties are commercial lending risk, model validation, and consumer credit portfolio analytics. Find a role that fits below and apply directly.
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Showing 5 of 11+ Credit Risk Analyst jobs
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
An internship with The Federal Home Loan Bank of Chicago is not like your average internship. We can offer you a dynamic, collaborative and team-focused environment you will not find anywhere else. You will be engaged in projects that will provide you with real world, hands-on experience in the exciting world of financial services. We are currently seeking a summer intern to work in our Credit Analysis team.
Who are we you ask?
We are a federally chartered corporation and one of 11 Federal Home Loan Banks (FHLBanks) that, with the Office of Finance, comprise the Federal Home Loan Bank System. The FHLBanks were chartered by Congress under the Federal Home Loan Bank Act of 1932 to improve the availability of funds to support home ownership. Each FHLBank is cooperatively owned by member financial institutions in its district and operated as a separate entity with its own management, employees, and board of directors. Our district consists of the states of Illinois and Wisconsin. We are regulated by the Federal Housing Finance Agency, an independent federal agency.
How you’ll make an impact:
- Utilize Business Intelligence tools find opportunities to enhance Credit Risk analysis and achieve operational excellence
- Perform Financial analysis to make informed decisions regarding our members
- Support cross-team initiatives and socialize new ideas with stakeholders
Credit Risk Responsibilities
- Analyze income statements, balance sheets, and cash flow statements to inform business strategy and decision-making
- Leverage business intelligence tools such as Tableau and SQL to extract large data sets, perform in-depth analyses and create reports for internal stakeholders
- Assess performance trends and monitor limits for risk-taking to minimize the risk of default and loss from credit extended to the Bank’s members
- Research and monitor economic trends using a variety of sources including industry reports, public information, and regulatory insights
- Gain exposure to financial modeling, validation, back-testing, and bench-marking
Requirements
- Enrolled in a undergraduate or graduate program at an accredited institution
- Desired fields of study include Finance, Economics, Mathematics, Statistics, Accounting, or other business-related discipline
- Should have a GPA of at least 3.0 and be in good academic standing.
- Intermediate knowledge of Excel is required
Salary Range:
$38,800.00 - $58,100.00The 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
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
An internship with The Federal Home Loan Bank of Chicago is not like your average internship. We can offer you a dynamic, collaborative and team-focused environment you will not find anywhere else. You will be engaged in projects that will provide you with real world, hands-on experience in the exciting world of financial services. We are currently seeking a summer intern to work in our Credit Analysis team.
Who are we you ask?
We are a federally chartered corporation and one of 11 Federal Home Loan Banks (FHLBanks) that, with the Office of Finance, comprise the Federal Home Loan Bank System. The FHLBanks were chartered by Congress under the Federal Home Loan Bank Act of 1932 to improve the availability of funds to support home ownership. Each FHLBank is cooperatively owned by member financial institutions in its district and operated as a separate entity with its own management, employees, and board of directors. Our district consists of the states of Illinois and Wisconsin. We are regulated by the Federal Housing Finance Agency, an independent federal agency.
How you’ll make an impact:
- Utilize Business Intelligence tools find opportunities to enhance Credit Risk analysis and achieve operational excellence
- Perform Financial analysis to make informed decisions regarding our members
- Support cross-team initiatives and socialize new ideas with stakeholders
Credit Risk Responsibilities
- Analyze income statements, balance sheets, and cash flow statements to inform business strategy and decision-making
- Leverage business intelligence tools such as Tableau and SQL to extract large data sets, perform in-depth analyses and create reports for internal stakeholders
- Assess performance trends and monitor limits for risk-taking to minimize the risk of default and loss from credit extended to the Bank’s members
- Research and monitor economic trends using a variety of sources including industry reports, public information, and regulatory insights
- Gain exposure to financial modeling, validation, back-testing, and bench-marking
Requirements
- Enrolled in a undergraduate or graduate program at an accredited institution
- Desired fields of study include Finance, Economics, Mathematics, Statistics, Accounting, or other business-related discipline
- Should have a GPA of at least 3.0 and be in good academic standing.
- Intermediate knowledge of Excel is required
Salary Range:
$38,800.00 - $58,100.00The 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
See All 11 Credit Risk Analyst Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find Credit Risk Analyst JobsCredit Risk Analyst Jobs by City in Illinois
Where Illinois roles are concentrated, by current openings.
Credit Risk Analyst Job Market in Illinois
A snapshot from current Illinois openings, updated as new roles post.
Who's Hiring
Top Industries Hiring
- Banking & Financial Services
- Fintech
- Investment & Asset Management
What Illinois Employers Look For
The qualifications that appear most often in credit risk analyst jobs across Illinois.
- Bachelor's degree in finance, economics, mathematics, or a closely related quantitative field
- Proficiency in credit analysis software and statistical tools such as SAS, Python, or R
- Experience building or validating credit risk models including PD, LGD, and EAD
- Knowledge of regulatory frameworks such as Basel III, CECL, and SR 11-7 model risk guidance
- Strong command of financial statement analysis and borrower creditworthiness assessment
- Professional certification such as FRM, CFA, or CRC preferred by Illinois financial employers
Credit Risk Analyst Jobs in Illinois: Frequently Asked Questions
How do you become a credit risk analyst in Illinois?
Credit risk analysts in Illinois typically enter the field with a bachelor's degree in finance, economics, statistics, or a related quantitative discipline. There is no state-issued license required to work in the role in Illinois. Most Chicago-area employers look for a strong foundation in credit analysis, financial modeling, and regulatory compliance. Earning a Certified Risk Professional designation or the CFA credential strengthens candidacy considerably with Illinois's major banking and insurance employers.
How much do credit risk analysts make in Illinois?
Credit risk analysts in Illinois earn a median of about $84,990 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $58,400 for the lowest 10% to over $172,180 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire credit risk analysts in Illinois?
Employers hiring credit risk analysts in Illinois right now include RSM, KeyBank, and CME, based on current listings on Migrate Mate as of September 2026. Illinois's concentration of large commercial banks, regional lenders, and insurance headquarters in and around Chicago means demand for this role stays relatively steady throughout the year.
Which Illinois cities have the most credit risk analyst jobs?
Chicago and Naperville have the most credit risk analyst openings in Illinois. Chicago drives the large majority of demand as the home of major bank headquarters, Federal Reserve operations, and global financial services firms, while Naperville and Rosemont contribute openings through the regional bank branches and corporate finance departments that cluster along the I-88 corridor west of the city.
Are there remote credit risk analyst jobs in Illinois?
Yes, and more than many finance roles, because credit risk analysis is fundamentally desk and data work that translates well to distributed teams. About 40% of credit risk analyst openings tied to Illinois are remote or hybrid as of September 2026, reflecting the analytical and model-driven nature of the work. Model validation, portfolio monitoring, and reporting functions are the portions of the role most commonly offered with remote flexibility by Illinois employers.
How can I get hired as a credit risk analyst in Illinois with little or no experience?
The most realistic entry path is a junior credit analyst or credit associate role at a Chicago-area community bank or regional lender, where smaller teams give early-career candidates hands-on exposure faster than large institutions. Northern Trust, Wintrust Financial, and Byline Bank are among the Illinois employers known to hire analysts at the associate level. A strong quantitative internship, completion of the CRC exam, or a capstone project demonstrating credit model work can substitute meaningfully for direct experience in Illinois hiring processes.
Where can I find and apply to credit risk analyst jobs in Illinois?
You can find and apply to credit risk analyst jobs in Illinois on Migrate Mate, which lists current Illinois openings updated regularly. Find a role that fits your background and apply directly through the listing.
See All 11 Credit Risk Analyst Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
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