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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Overview

Open roles10
Top employerWheels
Top cityChicago, IL
Cities hiring2
Work type43% Hybrid
Top industryBanking

Showing 5 of 10+ Credit Risk Analyst jobs

Credit Card Risk Strategy Analyst
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Added 2d ago
Credit Card Risk Strategy Analyst
Huntington Bank
Chicago, Illinois
Business Analysis
Compensation & Benefits
Human Resources
Human Resources (HR) — Generalist
$102k - $208k/yr
Remote (US)
Doctoral degree in statistics
10,000+

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Sr. Credit Analyst - Commercial Underwriting and Portfolio Risk
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Added 1w ago
Sr. Credit Analyst - Commercial Underwriting and Portfolio Risk
Wheels
Schaumburg, Illinois
Program Management
Project & Program Management
Project Management
$87k - $122k/yr
Hybrid
Bachelor's degree in finance

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Director of Credit Risk Management
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Added 2w ago
Director of Credit Risk Management
National Community Investment Fund
Chicago, Illinois
Business Strategy
Compliance & Risk
Consulting & Professional Services
Hybrid
Master's degree in business administration
11-50

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Senior Credit Risk and Margins Analyst
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Added 3w ago
Senior Credit Risk and Margins Analyst
Chicago Financial Search
Chicago, Illinois
Business Analysis
Compensation & Benefits
Human Resources
Human Resources (HR) — Generalist
$90k - $115k/yr
On-Site

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Credit Risk Summer Intern
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Added 1mo ago
Credit Risk Summer Intern
Link Logistics Real Estate
Chicago, Illinois
Business Analysis
Data Analytics
Data Science
1,001-5,000

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See All 10 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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Credit Risk Analyst Jobs by City in Illinois

Where Illinois roles are concentrated, by current openings.

Chicago
9 jobs
Schaumburg
1 job

Credit Risk Analyst Job Market in Illinois

A snapshot from current Illinois openings, updated as new roles post.

Who's Hiring

Wheels1 open role
CME1 open role
JPMorganChase1 open role

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 Wheels, CME, and JPMorganChase, based on current listings on Migrate Mate as of November 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 Schaumburg 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 71% of credit risk analyst openings tied to Illinois are remote or hybrid as of November 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 10 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 Jobs