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Associate Credit Risk Analyst Jobs in New York (NOW HIRING)

IDBNY

Credit Risk Analytics & Modeling

Manhattan, NY · On-site

Head of Credit Risk Analytics & Modeling Visa Sponsorship: Not available About IDB Bank For more than 70 years, IDB Bank has been committed to delivering exceptional service and building long-term ...

BNP Paribas

Associate, Credit Solutions

New York, NY · On-site

$180K - $200K/yr

Associate, Credit Solutions Location: 787 7th Ave, New York, NY 10019 Duties: Manage systems ... on credit risk and operational governance. Perform in-depth credit analysis of leveraged loans ...

Bounce AI

Credit Portfolio Risk Analyst

Manhattan, NY · On-site +1

Description The Credit Portfolio Risk Analyst will be one of the first people to build Bounce's risk function from the ground up - the person whose analyses decides where our capital actually gets ...

Bounce AI

Credit Portfolio Risk Analyst

Manhattan, NY · On-site

The Credit Portfolio Risk Analyst will be one of the first people to build Bounce's risk function from the ground up -- the person whose analyses decides where our capital actually gets deployed.

OakNorth

Senior Associate - Credit - CRE

New York, NY · On-site

$120K - $160K/yr

About The Role The Senior Associate - Credit, CRE plays a key role in the assessment and ... Analytics and the Transaction and Execution Team - driving credit risk decisions from initial ...

Initio Capital

Deal Review & Risk Analyst

New York, NY

$50 - $200/hr

Senior · Lead · Analyst / Associate Initio Sphere Private Capital Ecosystem - Compensation: $50 ... Former investment banking, private equity, venture capital, private credit, risk management, or ...

New

BNP Paribas

Associate, Credit Solutions

New York, NY · On-site

$180K - $200K/yr

Associate, Credit Solutions Location: 787 Seventh Avenue, New York, NY 10019 Duties:Assist in the ... analytical and project support on new and existing transactions. Prepare and present credit risk ...

BNP Paribas

Associate, Credit Solutions

Manhattan, NY · On-site

$180K - $200K/yr

Associate, Credit Solutions Location: 787 Seventh Avenue, New York, NY 10019 Duties:Assist in the ... analytical and project support on new and existing transactions. Prepare and present credit risk ...

BNP Paribas

Associate, Credit Manager

Manhattan, NY · On-site

$150K - $200K/yr

Associate, Credit Manager Location: 787 Seventh Avenue, New York, NY 10019 Duties:Manage systems ... on credit risk and operational governance. Perform in-depth credit analysis of leveraged loans ...

BNP Paribas

Associate, Credit Manager

New York, NY · On-site

$150K - $200K/yr

Associate, Credit Manager Location: 787 Seventh Avenue, New York, NY 10019 Duties:Manage systems ... on credit risk and operational governance. Perform in-depth credit analysis of leveraged loans ...

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All JobsAssociate Credit Risk Analyst JobsAssociate Credit Risk Analyst Jobs in New York

Associate Credit Risk Analyst information

What does an associate credit risk analyst do?

An Associate Credit Risk Analyst is responsible for assessing the creditworthiness of individuals or organizations applying for loans or credit. They analyze financial data, review credit scores, and evaluate economic trends to determine the likelihood of repayment. These analysts help organizations minimize losses by identifying potential risks and recommending appropriate credit limits or terms. They often work closely with senior analysts and other departments to ensure sound lending decisions and compliance with regulations.

What are the key skills and qualifications needed to thrive as an associate credit risk analyst, and why are they important?

To thrive as an Associate Credit Risk Analyst, you need strong analytical abilities, a solid understanding of financial statements, and typically a bachelor's degree in finance, economics, or a related field. Knowledge of risk assessment tools, Excel, data analytics software, and familiarity with credit risk modeling systems are commonly required. Attention to detail, effective communication, and problem-solving skills help you interpret data and present findings clearly. These competencies are crucial for accurately evaluating credit risk, supporting sound lending decisions, and minimizing financial losses for the organization.

What are some typical challenges faced by associate credit risk analysts when assessing new clients or counterparties?

Associate Credit Risk Analysts often encounter challenges such as incomplete financial information, rapidly changing market conditions, and evaluating the creditworthiness of clients with limited credit history. Navigating these issues requires strong analytical skills, attention to detail, and effective communication with internal teams to gather missing data. Additionally, analysts must stay updated on industry trends and regulatory requirements to ensure assessments are thorough and compliant.

What is the difference between Associate Credit Risk Analyst vs Credit Analyst?

AspectAssociate Credit Risk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some certifications preferredBachelor's degree in finance, accounting, or related field; certifications like CFA are a plus
Work EnvironmentFinancial institutions, banks, or credit agencies; team-based settingBanking, lending institutions, or credit departments; analytical and client-focused
Employer & Industry UsageCommonly used in banking and credit risk departmentsWidely used across banking, lending, and financial services

The main difference between an Associate Credit Risk Analyst and a Credit Analyst lies in their focus areas. The Associate Credit Risk Analyst primarily assesses credit risk and supports risk management strategies, while the Credit Analyst evaluates creditworthiness of individual or corporate clients for lending decisions. Both roles require similar educational backgrounds and are found in similar environments, but their specific responsibilities differ slightly based on risk assessment versus client credit evaluation.

What are the most commonly searched types of Credit Risk Analyst jobs in New York?

The most popular types of Credit Risk Analyst jobs in New York are:

What cities in New York are hiring for Associate Credit Risk Analyst jobs?

Cities in New York with the most Associate Credit Risk Analyst job openings:

Credit Risk Analytics & Modeling

Manhattan, NY • On-site

IDBNY
See more jobs at IDBNYexternal

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 8 days ago

Job description

First Vice President, Credit Risk Analytics & Modeling
Department: Risk Management / Credit Risk Management
Location: New York, NY (Hybrid - 3 days in office)
Employment Type: Full-time
Reports to: Head of Credit Risk Analytics & Modeling
Visa Sponsorship: Not available
About IDB Bank
For more than 70 years, IDB Bank has been committed to delivering exceptional service and building long-term client relationships through disciplined banking, strong partnership, and a high-touch approach. As a growing commercial bank, IDB offers the opportunity to work in a collaborative, entrepreneurial environment where talented professionals can make a visible impact and help shape the future of the institution.
The Opportunity
IDB Bank is seeking an experienced credit risk professional to join its Credit Risk Analytics & Modeling team in a high-impact role supporting the continued evolution of the bank's wholesale credit risk framework. This position is ideal for a candidate who combines deep quantitative and modeling expertise with a practical, business-oriented mindset and a passion for building scalable solutions in a growth-oriented institution.
The successful candidate will play a central role in the ownership, enhancement, and governance of the bank's internal and vendor credit risk models, including risk rating scorecards, expected loss implementation, override monitoring, portfolio analytics, and credit stress testing. This individual will partner closely with stakeholders across Credit, Finance, Technology, and Data Governance to strengthen analytics, automate processes, and improve the quality, transparency, and usability of model outputs across the organization.
This is an excellent opportunity for a hands-on credit risk modeling leader who wants to bring energy, judgment, and modern analytical thinking to a smaller institution where meaningful contributions are visible and create immediate impact.
Key Responsibilities
Credit Risk Model Ownership & Analytics
  • Serve as the subject matter expert for the bank's wholesale credit risk rating and scorecard models, helping ensure consistent, effective use across underwriting, monitoring, and portfolio management activities. Lead enablement for model users (training sessions, job aids, interpretation guidance, vendor tool upgrades), improving consistency and decision quality.
  • Maintain, test, monitor, and enhance internal and vendor-supported credit risk models, with a focus on model performance, applicability, transparency, and business usability.
  • Design and implement reporting and analytics to support portfolio Expected Loss execution, model override monitoring, and portfolio risk insights generation.
Model Lifecycle Management, Governance & Validation
  • Lead annual model maintenance activities and support the full model lifecycle, including monitoring, documentation, change management, issue remediation, and user guidance.
  • Coordinate annual validation efforts with third-party validators by explaining methodologies, processes, assumptions, and monitoring results, and by managing the resolution of findings and recommendations.
  • Enhance monitoring and governance practices to ensure that model oversight is not only compliant, but also practical, efficient, and informative for decision-makers.
Scorecard Development & Portfolio Stress Testing
  • Lead the refit and, where appropriate, redevelopment of credit scorecards for the Commercial & Industrial, Commercial Real Estate and Private Banking portfolios.
  • Elevate the bank's credit portfolio stress testing framework, methodologies, and reporting to support stronger portfolio management, concentration analysis, and risk oversight.
  • Contribute to the ongoing development of value-added portfolio analytics that enhance the bank's risk-return framework and support more informed credit decisions.
Data, Technology & Process Improvement
  • Define business data requirements and partner with Technology and Data Governance teams to improve credit risk data aggregation, reporting, controls, and analytics infrastructure.
  • Use analytical tools and automation techniques to reduce manual processes, strengthen controls, and increase the consistency and repeatability of reporting and model monitoring outputs.
  • Identify opportunities to improve workflows, enhance transparency, and bring structure to evolving processes within a growing institution.
Cross-Functional Partnership & Communication
  • Act as a trusted partner to stakeholders across Risk, Front Office, Finance, Technology, Loan Operations, and related functions to gather information, align priorities, and deliver high-quality solutions.
  • Support internal audit, external review, due diligence, and regulatory-facing requests through clear documentation, analytical support, and effective communication of model methodologies and key findings.
  • Present model outputs, portfolio insights, and technical concepts in a clear and concise way to senior stakeholders, including senior management, external vendors, and regulators.

Qualifications
Required
  • 7-10+ years of hands-on experience in credit risk modeling, analytics, model governance, or a closely related quantitative risk function within a financial institution or consulting environment.
  • Strong experience across the credit model lifecycle, including development, testing, monitoring, maintenance, validation support, and implementation. Familiarity with model risk management expectations and governance frameworks, including SR 11-7-aligned practices.
  • Deep understanding of wholesale credit risk, including Commercial / Corporate Banking and Commercial Real Estate exposures, and the relevant credit risk drivers and portfolio metrics (e.g., PD, LGD, DSCR, LTV, NOI).
  • Experience with credit risk rating models and scorecards, including internal frameworks and/or vendor solutions such as Moody's CreditLens®, RiskCalc, CMM, dual risk ratings, and specialty scorecards.
  • Strong analytical and technical toolkit, including advanced Excel, PowerPoint, Power Query, and experience with analytics / programming tools such as Python; experience with Power BI is strongly preferred.
  • Demonstrated ability to work independently, prioritize effectively, and manage multiple deliverables and stakeholders in a dynamic environment.
  • Excellent written and verbal communication skills, with the ability to translate technical model concepts into actionable business insights.
  • Bachelor's degree in Finance, Economics, Statistics, Mathematics, Data Science, or another quantitative discipline.
Preferred
  • Experience automating monitoring, reporting, or model-related processes in a banking or regulated financial services environment.
  • Professional certifications such as FRM, CFA, or related credentials are a plus.

What Makes This Role Compelling
This role offers the opportunity to join a growing commercial bank where credit risk analytics and modeling are increasingly important to the institution's strategy and risk framework. Unlike highly segmented roles at larger organizations, this position offers meaningful ownership across model oversight, scorecard enhancement, stress testing, automation, governance, and stakeholder engagement. For the right candidate, it is an opportunity to bring both technical depth and practical leadership to a team that values initiative, collaboration, and solutions that drive measurable impact.
Compensation
The expected annual salary for this position is between $170,000 - $210,000 at the start of employment. A salary offer will be determined on an individualized basis, taking into consideration factors such as experience, skills, and qualifications. In addition to base salary, IDB Bank offers a comprehensive total rewards package, including annual bonus eligibility, medical, dental, vision, life and disability coverage, employee wellness programs, retirement and savings plans with employer contributions, generous bank holidays and paid time off, parental leave, and tuition reimbursement.
Equal Opportunity / Additional Information
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this position and are not intended to be an exhaustive list of all responsibilities, duties, and skills required. Responsibilities may evolve over time based on business needs. All qualified applicants will receive consideration for employment in accordance with applicable federal, state, and local laws and regulations. Physical presence in IDB Bank's office(s) is an essential function of this role, subject to reasonable accommodations where required by law.
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