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Chief Credit Risk Officer Jobs in Worcester, MA (NOW HIRING)

Dean Bank

Senior Credit Analyst

Franklin, MA

Provides credit information and references to loan officers and authorized external sources. * Determine the degree of risk involved in extending credit by performing a cash-flow analysis of each ...

Dean Bank

Senior Credit Analyst

Franklin, MA · On-site

$76K - $100K/yr

Provides credit information and references to loan officers and authorized external sources. * Determine the degree of risk involved in extending credit by performing a cash-flow analysis of each ...

Dean Bank

Senior Credit Analyst

Franklin, MA · On-site

$76K - $100K/yr

Provides credit information and references to loan officers and authorized external sources. * Determine the degree of risk involved in extending credit by performing a cash-flow analysis of each ...

Imprivata

Chief Information Security Officer

Waltham, MA · On-site

We are seeking a Chief Information Security Officer to join our team. This is a hybrid opportunity ... This leader will balance risk management with business enablement, ensuring the organization meets ...

Imprivata

Chief Information Security Officer

Waltham, MA · On-site

We are seeking a Chief Information Security Officer to join our team. This is a hybrid opportunity ... This leader will balance risk management with business enablement, ensuring the organization meets ...

Imprivata

Chief Information Security Officer

Waltham, MA · On-site

We are seeking a Chief Information Security Officer to join our team. This is a hybrid opportunity ... This leader will balance risk management with business enablement, ensuring the organization meets ...

Savers Bank

Commercial Credit Officer

Southbridge, MA · On-site

The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by assessing and mitigating the risk associated with loan transactions. This role is responsible for ...

Savers Bank

Commercial Credit Officer

Southbridge, MA · On-site

The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by assessing and mitigating the risk associated with loan transactions. This role is responsible for ...

Savers Bank

Commercial Credit Officer

Southbridge, MA · On-site

$74K - $118K/yr

The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by assessing and mitigating the risk associated with loan transactions. This role is responsible for ...

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All JobsChief Credit Risk Officer JobsChief Credit Risk Officer Jobs in Worcester, MA

Chief Credit Risk Officer information

See Worcester, MA salary details

$120.7K

$182.7K

$273.9K

How much do chief credit risk officer jobs pay per year?

As of Aug 6, 2026, the average yearly pay for chief credit risk officer in Worcester, MA is $182,674.00, according to ZipRecruiter salary data. Most workers in this role earn between $149,700.00 and $209,500.00 per year, depending on experience, location, and employer.

How does a chief credit risk officer typically collaborate with other departments to manage and mitigate risk?

A Chief Credit Risk Officer (CCRO) works closely with teams across the organization, including lending, compliance, finance, and operations, to develop and enforce risk management strategies. They regularly consult with business unit leaders to assess emerging risks and ensure that credit policies align with the company's overall objectives. The CCRO often leads cross-functional committees, conducts risk reviews, and advises on large credit decisions to maintain a balanced risk portfolio. This collaborative approach helps promote a strong risk culture and ensures that risk considerations are integrated into business planning and decision-making processes.

What does a chief credit risk officer do?

A Chief Credit Risk Officer (CCRO) is responsible for overseeing and managing an organization’s credit risk exposure. They develop strategies, policies, and procedures to identify, measure, and mitigate risks related to lending and credit operations. The CCRO works closely with other executives to ensure that credit risks are aligned with the company’s overall risk appetite and regulatory requirements. Additionally, they monitor credit portfolios, assess loan quality, and implement risk management frameworks to protect the organization from potential losses.

What are the key skills and qualifications needed to thrive as a chief credit risk officer, and why are they important?

To thrive as a Chief Credit Risk Officer, you need deep expertise in credit risk assessment, portfolio management, and regulatory compliance, typically supported by a finance-related degree and significant experience in risk management. Familiarity with credit risk modeling tools, risk assessment systems, and relevant certifications such as FRM or CFA is highly valuable. Exceptional analytical thinking, strategic leadership, and strong communication skills distinguish top performers in this role. These competencies are crucial for protecting an organization's financial health, ensuring regulatory compliance, and guiding risk policy at the executive level.

What is the difference between Chief Credit Risk Officer vs Credit Analyst?

AspectChief Credit Risk OfficerCredit Analyst
CredentialsTypically requires advanced degrees (MBA, Finance) and extensive experience in credit risk managementUsually holds a bachelor's degree in finance, economics, or related fields; certifications like CFA are common
Work EnvironmentStrategic, leadership-focused role overseeing credit risk policies at the organizational levelAnalytical role focused on assessing individual credit applications and risk profiles
Employer & Industry UsageUsed in banking, financial services, and large lending institutionsCommon across banks, credit agencies, and lending firms

The Chief Credit Risk Officer and Credit Analyst roles differ mainly in scope and seniority. The Chief Credit Risk Officer oversees the entire credit risk management strategy, requiring extensive experience and leadership skills. In contrast, the Credit Analyst focuses on evaluating specific credit applications, with a more analytical and operational focus. Both roles are essential in credit risk management but serve different levels within an organization.

What are popular job titles related to Chief Credit Risk Officer jobs in Worcester, MA? For Chief Credit Risk Officer jobs in Worcester, MA, the most frequently searched job titles are:
What job categories do people searching Chief Credit Risk Officer jobs in Worcester, MA look for? The top searched job categories for Chief Credit Risk Officer jobs in Worcester, MA are:
What cities near Worcester, MA are hiring for Chief Credit Risk Officer jobs? Cities near Worcester, MA with the most Chief Credit Risk Officer job openings:
Chief Credit Risk Officer jobs near you
Infographic showing various Chief Credit Risk Officer job openings in Worcester, MA as of July 2026, with employment types broken down into 74% Full Time, 17% Part Time, and 9% Contract. Highlights an 89% Physical, 1% Hybrid, and 10% Remote job distribution, with an average salary of $182,674 per year, or $87.8 per hour.

Commercial Credit Officer

Bay State Savings Bank

Worcester, MA

Full-time

Re-posted 24 days ago

Job description

Experienced Credit Administration Officer (AVP/VP Level Opportunity)
Worcester, MA
About Us:
Established in 1895, Bay State Bank is an approximately $550MM, Massachusetts-based mutual Bank. As a Bank owned by a mutual holding company, the Bank is effectively governed by its depositors, and its mutual ownership structure allows it to focus on long-term and community impact rather than short-term profits. BSB has seven branch locations in Central Massachusetts. BSB is the only remaining Bank originally headquartered in Worcester, Massachusetts: the second largest city in New England. BSB is a value-driven organization committed to intentional actions and investments that position the Bank as the community’s preferred partner for banking.
The Opportunity:
We are seeking an experienced Credit Administration Officer to support the oversight, administration, and ongoing risk management of the Bank’s commercial credit function.
This is a highly impactful role responsible for supporting the strength, integrity, and performance of the Bank’s commercial loan portfolio through strong credit analysis, sound underwriting practices, and proactive portfolio monitoring. Working closely with the SVP – Credit Administration and Commercial Banking leadership, this position will help ensure credit decisions align with the Bank’s loan policy, regulatory expectations, and long-term strategic objectives.
The final officer designation (AVP/VP) will be determined based on the selected candidate’s experience, demonstrated expertise, and alignment with the responsibilities of the position.
Key Responsibilities:
Credit Risk amp; Portfolio Oversight
  • Support credit administration activities, including portfolio monitoring, risk rating integrity, covenant compliance, and credit quality reviews
  • Analyze new and existing commercial credit relationships to assess financial strength, repayment ability, collateral adequacy, and overall risk
  • Assist with identifying, monitoring, and recommending strategies to address emerging credit concerns
  • Support oversight of classified assets, delinquencies, and portfolio trends
Underwriting amp; Credit Administration
  • Prepare, review, and provide recommendations on commercial credit analyses and loan presentations
  • Evaluate loan structures, including collateral, guarantor support, repayment sources, and covenant requirements
  • Partner with Commercial Banking team members to provide credit guidance and support
Committee amp; Management Reporting
  • Assist in the preparation of credit-related reporting and materials for Loan Committee, Executive Management, and Board-level committees
  • Provide analysis related to portfolio composition, concentrations, risk ratings, asset quality trends, and other key credit metrics
  • Support Loan Committee administration, including materials, documentation, and follow-up items
ACL amp; Portfolio Analytics
  • Support the Allowance for Credit Losses (ACL) process, including data collection, analysis, and reporting
  • Partner with Credit Administration leadership and Finance to ensure accurate portfolio information and appropriate credit risk monitoring
Policy, Compliance amp; Regulatory Support
  • Ensure credit activities align with regulatory expectations, internal policies, and sound banking practices
  • Support regulatory examinations, audits, and loan reviews through preparation of materials and responses
Collaboration amp; Continuous Improvement
  • Partner cross-functionally with Commercial Banking, Loan Operations, Finance, and other departments to support effective credit administration practices
  • Identify opportunities to strengthen credit processes, reporting, and workflows
  • Provide guidance and support to team members on credit analysis and underwriting practices
  • Maintain awareness of market conditions, industry trends, and regulatory developments
About You:
  • 10+ years of progressive commercial banking, credit analysis, underwriting, portfolio management, or credit administration experience
  • Deep expertise in underwriting, financial analysis, and portfolio risk management
  • Strong knowledge of regulatory frameworks and credit governance
  • Proven ability to lead teams and influence senior stakeholders
  • Executive presence with strong communication and decision-making skills
  • Strategic mindset with a disciplined approach to risk
  • Bachelor’s degree in Finance, Accounting, or related field (advanced degree or certifications preferred)
Why Bay State Bank?
  • Community-focused mutual bank committed to long-term relationships and local impact
  • Collaborative, values-based culture
  • Opportunity to contribute to the continued growth and strength of the Bank’s commercial lending function
  • Direct partnership with experienced Credit and Commercial Banking leadership
  • Meaningful opportunity to influence credit practices, portfolio management, and process improvement
Bay State Bank is committed to offering compensation that is fair, competitive, and informed by the market. The salary range for this position starts at $110,000 annually, with final offers determined based on a candidate’s individual qualifications, including experience, skills, education, and any relevant certifications.
We also take a thoughtful approach to internal equity, ensuring that compensation decisions are aligned with our existing team and consistent across the organization. As part of our commitment to growth and development, starting offers are typically positioned to allow for future progression over time.
We encourage open dialogue throughout the hiring process and welcome any questions related to compensation and benefits to ensure clarity and alignment for both you and our team.

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