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Credit Risk Analyst Jobs in Connecticut (NOW HIRING)

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 ...

JCW Group

SVP, Director of Credit

New Canaan, CT · On-site

$200K - $240K/yr

Drive adoption of credit decision technology and analytics tools to improve efficiency and risk accuracy * Prepare and present materials for the Directors Loan Committee and Board-level reporting

New

Webster Bank

Director Financial Analytics

Stamford, CT · On-site

$165 - $180/hr

The position works closely with Finance, Risk, Credit, Treasury, IT, Data Management, and Model Risk Management teams to develop analytical solutions that support financial forecasting, credit ...

Webster Bank

Director Financial Analytics

Stamford, CT · On-site

The position works closely with Finance, Risk, Credit, Treasury, IT, Data Management, and Model Risk Management teams to develop analytical solutions that support financial forecasting, credit ...

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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 Aug 7, 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.

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.

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.

How much does a credit risk analyst earn?

The average salary for a credit risk analyst typically ranges from $60,000 to $90,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications can earn higher salaries and bonuses.

What is the average salary of a Credit Risk Analyst?

The average salary of a Credit Risk Analyst typically ranges from $60,000 to $85,000 per year, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.
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 August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $108,333 per year, or $52.1 per hour.

Senior Credit Analyst

Ascend Bank

Wallingford, CT • On-site

Full-time

Re-posted 7 days ago

Job description

POSITION DESCRIPTION:

The Senior Credit Analyst provides support to commercial lenders through detailed financial/credit analysis, perform research on industry trends, train, and mentor less experienced analysts, independently underwrite loan requests with primary focus on large and/or complex borrowing relationships, and prepare internal reports.

GENERAL DESCRIPTION OF DUTIES:

  • Analyze financial information of prospective and existing borrowers and, if credit-worthy, underwrite loans in conformance with Loan Policy primarily for large and/or complex borrowing relationships and to generally be completed, with accuracy and detail, within 5 active working days, requiring minimal guidance.
  • Work directly with Commercial Lending Officers to obtain all necessary information needed to underwrite loan requests.
  • Prepare spread sheets, analyze financial information, and develop cash flows of prospective and existing borrowers.
  • 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, underwriting in conformance with Loan Policy and present loan requests to appropriate loan authority level.
  • Performs analyses on perspective vendors of the Bank, on an annual basis when appropriate, and on request.
  • Provide leadership, training, and coaching to Credit Analyst team and back up support for the department Manager.
  • Assists in the collection of all pertinent information on commercial borrowers to ensure continued financial capacity and adherence to loan covenants.
  • Assists in maintaining an accurate record of financial information for each commercial borrower.
  • Maintains commercial credit files to ensure the adequacy of loan documents and supporting information.
  • Assist in determining the scope of the commercial loan portfolio review, which is performed by an outside loan review firm. Act as liaison with outside firm in providing requested financial and other information and updates.
  • On a limited basis, calls on prospective borrowers within the Bank’s market area to introduce information about the Bank’s lending programs and determine credit needs of the prospect.
  • On a limited basis, along with respective Commercial Lender, attend meetings with prospective and existing clients to obtain appropriate information regarding the Borrower.
  • Maintains a presence in local Chambers of Commerce and other civic or business-related organizations to maintain awareness of business lending opportunities.
  • Order and review environmental initial screenings.
  • Participate in Management Loan Committee meetings as needed.
  • Support the Commercial Credit Manager and/or Team Lead with the training and development of new team members, as well as trainees.
  • In consultation with the CLO and Credit Management, prepare required reporting for Management Loan Committee and Board of Trustees as required.
  • Prepare high quality credit presentations with minimal rewrites and conducts accurate credit analysis on all projects assigned.
  • Perform other duties as required.
  • Completes all required compliance training as assigned in a timely manner.


LEADERSHIP PHILOSOPHY:

  • Empower & Support: Prioritize employees' growth by providing resources, mentorship, and opportunities for success.
  • Lead with Integrity: Foster a culture of trust, transparency, and ethical decision-making.
  • Encourage Collaboration: Fostering an environment that leverages collaboration, innovation, and accountability to achieve strategic goals


DIGITAL LITERACY:

The ability to use data, information, and communication technologies to find, evaluate, create, and communicate information, requiring both cognitive and technical skills


  • Information, data, and content
  • Teaching learning and self-development
  • Communication, collaboration, and participation
  • Digital identity, safety, and security
  • Technical proficiency with all bank products
  • Awareness and interest in new technology
  • Creation, innovation, and research

BASIC KNOWLEDGE, SKILLS & TRAINING REQUIRED FOR MAXIMUM PROFICIENCY:

A bachelor’s degree, with an emphasis in business, finance or accounting with supplemental banking education/formal credit training. Good financial analytical abilities. Proficiency in WORD, EXCEL and other MS OFFICE applications required. Familiarity with automated underwriting systems is a benefit.

Excellent verbal and written communication skills and the ability to interact professionally with a diverse group, executives, managers, and subject matter experts.


EXPERIENCE REQUIRED: 4+ years of related commercial underwriting experience. Knowledge of financial statement fundamentals, accounting concepts, and industry trends and practices required.


EDUCATION: A bachelor’s degree is required preferably in business or finance with ancillary banking education preferred.

*Compensation: Compensation is based on our market pay structures. However, individual salaries are determined by a variety of factors including, but not limited to business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience.

Ascend Bank is an equal opportunity employer and offers equal opportunity to all applicants for all positions without regard to race, color, religion, national origin, age, disability, and veteran status.

Applicants requiring reasonable accommodation in the application process should notify Human Resources.

Ascend Bank participates in E-Verify.

EOE/AA/M/F/D/V