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

CFA Institute

Credit Portfolio Risk Analyst

Manhattan, NY · On-site

$69K - $85K/yr

Role Description SMBC is seeking a highly analytical and detail-oriented Credit Portfolio Analyst to support the Risk Identification (ID) and Risk Appetite processes for the Americas Division (AD)

Morgan Stanley

Risk Analyst

Manhattan, NY · On-site

$75K - $95K/yr

Identify and perform analysis of counterparty credit risk for derivatives, cleared transactions, repurchase agreements, securities lending agreements, margin loans and other loans * Deliver analysis ...

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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 Portfolio Risk Analyst

Manhattan, NY • On-site

Sumitomo Mitsui Financial Group, Inc.
See more jobs at Sumitomo Mitsui Financial Group, Inc.external

$69K - $85K/yr

Full-time

Re-posted 25 days ago

Job description

 SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $69,000.00 and $85,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

SMBC is seeking a highly analytical and detail-oriented Credit Portfolio Analyst to support the Risk Identification (ID) and Risk Appetite processes for the Americas Division (AD). This role is a key contributor to materials for internal risk committees and regulators, translating complex portfolio data, stress testing outputs, and strategic business considerations into clear, actionable risk appetite metrics and limits for senior management.

The position requires strong analytical capabilities, sound credit risk knowledge, and the ability to deliver concise, well-structured executive presentations

Role Objectives: Delivery

Portfolio Analytics & Reporting

  • Assist in the development, implementation, and ongoing enhancement of the credit risk identification framework and processes
  • Analyze credit portfolio trends, concentrations, rating migration, and emerging risks; support identification of thematic vulnerabilities across the AD portfolio
  • Participate in material risk forums to review, challenge, and assess risk impacts, and prepare governance and regulatory meeting materials
  • Support development, calibration, and monitoring of Risk Appetite metrics and limits, incorporating stress testing outputs and compliance results
  • Translate complex data and analytics into clear, actionable risk narratives for senior stakeholders
  • Contribute to Risk Appetite updates and enhancements, ensuring consistency in scope and methodology with HO and regional frameworks

Data, Infrastructure & Controls

  • Support the ownership of endtoend credit risk reporting data pipeline, including data source, transformation, validation, and aggregation across multiple internal systems
  • Work with Stress Testing and Model teams to support the refinement of risk identification methodologies, including materiality assessment approach
  • Collaborate with the Data team to improve data controls and communicate enhanced approaches and methodologies, ensuring consistency in definitions and calculations for Risk Appetite reporting

Governance, Regulatory & Process Support

  • Support credit risk governance processes, including committee materials, approvals, and action-item tracking
  • Recommend improvements to increase efficiency, transparency, and consistency of portfolio reporting
Role Objectives: Interpersonal
  • Strong attention to detail and high standards for accuracy and data quality
  • Curious and willing to dig into underlying drivers of portfolio changes
  • Able to manage multiple recurring deadlines and prioritize effectively
  • Self-starter who takes ownership while collaborating closely with team members and stakeholders
  • Professional, organized, and motivated to improve processes and the clarity of risk communication
Role Objectives: Expertise
  • Solid understanding of credit risk concepts including internal ratings, risk appetite, criticized assets and watchlists, and governance frameworks
  • Experience working with large data sets and portfolio-level metrics
  • Advanced Excel skills (data manipulation, pivot tables, complex formulas); Proven PowerPoint skills for executive-ready presentations
  • Strong written and verbal communication skills, with the ability to synthesize complex analysis into concise messages
  • Bachelor's degree in Finance, Economics, Accounting, Mathematics, Statistics, or a related analytical field
Qualifications and Skills
  • 1-2 years of relevant experience in credit risk analytics, portfolio management, or risk reporting at a bank or large financial institution
  • Experience in a U.S. regulatory environment (Federal Reserve, OCC, or similar) or at a foreign banking organization
  • Professional certifications or coursework in risk management, credit analysis, or data analytics (FRM, CFA, or similar) is a plus
Additional Requirements

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

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