Average Senior Credit Officer with Risk Management / Risk Control Skills Salary in Chicago, Illinois

$108,376
Avg. Salary
$35,000
Profit Sharing
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The average salary for a Senior Credit Officer with Risk Management / Risk Control skills in Chicago, Illinois is $108,376.
25%
$101k
25%
$108k
50%
$188k
75%
75%
MEDIAN $108,376
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United States (change)
Salary
$101k - $188k
Profit Sharing
$0 - $35k
Total Pay
$123k - $221k

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Job Description for Senior Credit Officer

Senior Credit Officer Tasks
  • Analyze financial information to determine credit quality, approve credit, and document risk factors.
  • Develop and document risk mitigation standards and processes.
  • Investigate and understand discrepancies, problems, and unusual situations.
  • Document and report on lending relationships' status and quality.
  • Direct due diligence and portfolio assessment practices, evaluating work.

Career Paths

Explore the most common career paths for Senior Credit Officer. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Senior Credit Officer
Chief Credit Officer
Credit Analyst, Banking
Loan Officer, Commercial
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Senior Credit Officer Job Listings

Popular Skills for Senior Credit Officer

Skills in Credit Control are correlated to pay that is above average. Skills that pay less than market rate include Loan Underwriting and Financial Analysis.

Pay Difference by Location

Learn more about cost of living by city.
Employees with Senior Credit Officer in their job title in New York, New York earn an average of 42.4% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (10.7% more) and Dallas, Texas (10.7% more). The lowest salaries can be found in Orlando, Florida (18.4% less) and Atlanta, Georgia (8.8% less).

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