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Credit Risk Analyst Jobs in Connecticut (NOW HIRING)

First County Bank

Credit Analyst I

Stamford, CT

$65K - $80K/yr

Collaborate with team members from Business Banking and other departments as necessary on all aspects of credit risk administration. * Prepare financial analysis to evaluate trends, projections ...

The Hartford

Risk Manager, Investment Risk

Hartford, CT · On-site +1

Minimum of 7+ years of experience at a rating agency or in an investment risk, market risk, credit risk, structured finance, real estate, or a related analytical role; portfolio management or rating ...

New

First County Bank

Credit Analyst I

Stamford, CT · On-site

$65K - $80K/yr

Collaborate with team members from Business Banking and other departments as necessary on all aspects of credit risk administration. * Prepare financial analysis to evaluate trends, projections ...

AQR

2027 Risk Summer Analyst

Greenwich, CT · On-site

... liquidity, credit, model and operational risk exposures of firm-managed investments. The team ... The Summer Analyst will contribute to a variety of the Risk team's functions and gain practical ...

AQR

2027 Risk Summer Analyst

Greenwich, CT

... liquidity, credit, model and operational risk exposures of firm-managed investments. The team ... The Summer Analyst will contribute to a variety of the Risk team's functions and gain practical ...

CPCU/SFCU

Indirect Credit Analyst I

Norwich, CT · On-site

$31.28 - $46.97/hr

The Indirect Credit Analyst I works under moderate supervision while developing foundational knowledge of consumer credit risk, indirect lending policies, and regulatory compliance requirements.

Ascend Bank

Senior Credit Analyst

Wallingford, CT · On-site

Prepare loan offering memoranda, analyzing financial, collateral, cash flow and other appropriate information of prospective borrower's and guarantors, assessing credit risk, if credit-worthy ...

Ascend Bank

Senior Credit Analyst

Wallingford, CT · On-site

Prepare loan offering memoranda, analyzing financial, collateral, cash flow and other appropriate information of prospective borrower's and guarantors, assessing credit risk, if credit-worthy ...

NBT Bank

Credit Analyst III

Lakeville, CT

$71K - $95K/yr

RMA or Credit Risk certifications and/or Sales Training * Established Individual Development Plan Skills and Abilities: * Strong working knowledge and understanding of traditional financial analysis ...

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All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Connecticut

Credit Risk Analyst information

See Connecticut salary details

$35.2K

$108.3K

$187.9K

How much do credit risk analyst jobs pay per year?

As of Jul 19, 2026, the average yearly pay for credit risk analyst in Connecticut is $108,333.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,500.00 and $133,700.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Credit Risk Analysts when assessing new clients or loan applications?

Credit Risk Analysts often encounter challenges such as limited financial data, rapidly changing market conditions, and the need to balance risk with business growth objectives. They must carefully analyze incomplete or inconsistent client information while ensuring compliance with regulatory requirements. Collaborating with relationship managers and other departments is essential to gather additional insights and make informed recommendations, making strong communication and analytical skills crucial in overcoming these challenges.

What does a Credit Risk Analyst do?

A Credit Risk Analyst assesses the creditworthiness of individuals or organizations by analyzing financial data, credit reports, and economic conditions. Their main goal is to determine the likelihood that a borrower will default on their financial obligations. They use statistical models, risk assessment tools, and industry knowledge to evaluate risk and help lenders make informed lending decisions. Credit Risk Analysts often prepare reports, recommend risk mitigation strategies, and monitor existing credit portfolios for potential risks.

What are the key skills and qualifications needed to thrive as a Credit Risk Analyst, and why are they important?

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial principles, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and financial modeling systems is often required, along with relevant certifications like FRM or CFA being advantageous. Attention to detail, effective communication, and sound judgment are essential soft skills for presenting findings and collaborating with stakeholders. These competencies are crucial for accurately assessing creditworthiness, minimizing financial risk, and supporting informed lending decisions.

How much does a Credit Risk Analyst make?

The average salary for a Credit Risk Analyst is approximately $70,000 to $90,000 annually, depending on experience, location, and the company's size. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn higher compensation, often supplemented with bonuses and benefits.

What Does a Credit Risk Analyst Do?

A credit risk analyst evaluates the creditworthiness of individuals or businesses seeking loans or credit cards. As a credit risk analyst, you must be systematic and thorough in examining each applicant’s financial information to provide a recommendation of whether or not your employer should grant credit to the applicant. Essentially, you are evaluating the risk to reward ratio of each loan applicant. Your job duties include the analysis of credit scores and credit reports, payment history, bank statements, and other financial statements. Depending on the scope of your job, you may collect this information directly from clients and inform them if the institution can approve or deny their credit or loan application.

Will a credit analyst be replaced by AI?

Credit risk analysts perform tasks such as evaluating creditworthiness and analyzing financial data, which involve judgment and interpretation that AI currently cannot fully replicate. While AI tools can assist with data processing and risk modeling, human analysts are still essential for complex decision-making and nuanced assessments. The role is evolving to include managing AI outputs and maintaining oversight of automated systems.

Does credit risk pay well?

Credit risk analysts typically earn competitive salaries that vary by experience, location, and industry. Entry-level positions may start lower, but with experience and certifications like CFA or FRM, salaries can increase significantly, often reaching above the national average for financial roles.

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

AspectCredit Risk AnalystCredit Analyst
Primary FocusAssessing the risk of default on loans and credit productsEvaluating creditworthiness of individual or business applicants
Required CredentialsTypically a degree in finance, economics, or related field; certifications like CFA or credit-specific coursesSimilar credentials; often the same certifications or degrees
Work EnvironmentFinancial institutions, risk management departmentsBanks, lending institutions, credit departments
Industry UsageCommonly used in risk assessment and managementPrimarily in lending and credit evaluation

While both roles involve evaluating credit, a Credit Risk Analyst focuses on assessing the overall risk associated with credit portfolios, whereas a Credit Analyst evaluates individual credit applications. The roles often overlap in credentials and work environment, but their specific focus differs within the credit industry.

What do credit risk analysts do?

Credit risk analysts evaluate the creditworthiness of individuals or organizations to determine the likelihood of default on loans or credit agreements. They analyze financial data, credit reports, and market conditions using tools like spreadsheets and credit scoring models to assess risk and support lending decisions.
More about Credit Risk Analyst jobs
What are the most commonly searched types of Credit Risk Analyst jobs in Connecticut? The most popular types of Credit Risk Analyst jobs in Connecticut are:
What are popular job titles related to Credit Risk Analyst jobs in Connecticut? For Credit Risk Analyst jobs in Connecticut, the most frequently searched job titles are:
What job categories do people searching Credit Risk Analyst jobs in Connecticut look for? The top searched job categories for Credit Risk Analyst jobs in Connecticut are:
What are popular job titles related to Credit Risk Analyst jobs in CT? For Credit Risk Analyst jobs in CT, the most frequently searched job titles are:
Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Connecticut as of July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 84% Full Time, 9% Part Time, 1% Temporary, and 4% Contract. Highlights an 81% Physical, 5% Hybrid, and 14% Remote job distribution, with an average salary of $108,333 per year, or $52.1 per hour.
Credit Analyst I

Credit Analyst I

First County Bank

Stamford, CT

$65K - $80K/yr

Full-time

Posted 26 days ago

Job description

At First County Bank, You + We = Team

YOU - Bring your talent, hunger to learn and desire to grow.

WE - Will provide you with the training and experience you need to become a Trusted Advisor to your clients.

TEAM - As part of the FCB team, you will share in the satisfaction of working for a respected 170-year-old institution with deep community roots and a tradition of giving back. 

First County Bank - It's where you belong!

We are currently looking for a Credit Analyst I to join our Credit Administration team! This individual will assist in underwriting commercial loans including the preparation of financial spreads, credit checks, market trends, financial analysis & other pertinent data necessary to complete commercial loan underwriting. Work Hours: 8:30am - 4:30pm, Monday - Friday.

Primary Responsibilities:

  • Responsible for timely management of credit process for assigned loans, including post-closing portfolio management.
  • Collaborate with team members from Business Banking and other departments as necessary on all aspects of credit risk administration.
  • Prepare financial analysis to evaluate trends, projections, ratios, cash flows, collateral, and global debt service ability as they relate to loan presentations, credit reviews, and portfolio quality analysis.
  • Highlight strengths & weaknesses of existing borrowers and applicants; Identify & highlight discrepancies and/or problem areas.
  • Contribute to computer input and basic quality control of loan files and department information.
  • Identify & escalate commercial lending compliance issues, including flood zone status, credit report red flags, and other issues as they arise during underwriting. 
  • Communicate information to commercial bankers regarding status of commercial loan requests.
  • Assist in the collection of borrower and guarantor financial statements and related preparation of annual reviews & loan covenant calculations for existing relationships.
  • Assist in periodic reporting of Commercial Credit Administration data & related credit-related reports to senior management and the Board of Directors.
  • Assist in file preparation for auditors, loan reviewers, and bank regulators.
  • Collaborate with Business Banking & Credit Administration staff to ensure effective and timely handling of write-ups, loan reviews, audits, and issuance of correspondence for updated financial statement requests.
  • Meet with customers and conduct site visits as needed.
  • Assist with the development & implementation of department loan origination and credit administration platform, workflows, procedures and departmental data storage, presentation & dissemination. 
  • Perform other duties as assigned.

Requirements/Qualifications:

  • Completion of Bachelor's Degree in Business, Finance, or related field or equivalent experience; previous customer service background required. 
  • Minimum 6 months experience in commercial underwriting or similar experience required, as well as some knowledge of banking operations. 
  • Knowledge of accounting principles & practices, credit terminology, loan documentation familiarity, and basic credit/financial analysis techniques required. 
  • Superior organizational & time management skills with demonstrated follow-up abilities. 
  • Proficient in Microsoft Office.
  • Superior verbal & written communication skills, as well as good customer service focus required. 
  • Knowledge of Abrigo loan origination and credit administration software a plus.  

Salary commensurate with experience.

Wage Range: $65,000 to $80,000

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