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Credit Risk Analyst Jobs in Iowa (NOW HIRING)

Aegon

Head of Credit Risk

Cedar Rapids, IA

$200K - $265K/yr

Own and develop credit risk elements of the enterprise risk framework to ensure alignment with ... Analytical skills to frame complex problems and determine appropriate depth of analysis

DataAnnotation

Credit Risk Manager

Nevada, IA · Remote

$50 - $60/hr

We are looking for a Credit Risk Manager to join our team at DataAnnotation to train AI models. You ... Proficient in financial analysis, financial modeling, data analysis, and other reasoning exercises ...

Big River Steel LLC

Manager - Credit, BRS

Osceola, IA · On-site

Review and analyze customer financial statements, interim financials, borrowing base data, trade and bank references, and other relevant information to assess credit risk * Evaluate customer ...

Northwest Financial Corp.

Credit Analyst

Creston, IA · On-site

... status, credit, and property evaluation to determine feasibility of granting loan and makes ... of risk and security awareness.* 10) Establishes a good image for the Bank by being active and ...

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Credit Risk Analyst information

See Iowa salary details

$34.8K

$107K

$185.5K

How much do credit risk analyst jobs pay per year?

As of May 29, 2026, the average yearly pay for credit risk analyst in Iowa is $106,964.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,500.00 and $132,000.00 per year, depending on experience, location, and employer.

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 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 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 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.

More about Credit Risk Analyst jobs
What are popular job titles related to Credit Risk Analyst jobs in Iowa? For Credit Risk Analyst jobs in Iowa, the most frequently searched job titles are:
What job categories do people searching Credit Risk Analyst jobs in Iowa look for? The top searched job categories for Credit Risk Analyst jobs in Iowa are:
What are popular job titles related to Credit Risk Analyst jobs in IA? For Credit Risk Analyst jobs in IA, the most frequently searched job titles are:
Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Iowa as of May 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 57% Physical, 3% Hybrid, and 40% Remote job distribution, with an average salary of $106,964 per year, or $51.4 per hour.

Portfolio Risk Analyst

Watercress Financial Group LLC

West Des Moines, IA • On-site

Full-time

Posted 12 days ago

Job description

Description:

The consumer credit Portfolio Risk Analyst is responsible for the ongoing credit performance, risk management and delinquency monitoring of the company’s home improvement loan portfolio. This role contributes heavily to the end-to-end monitoring, analysis, and optimization of loan performance, ensuring that repayment, delinquency, cure rates, and charge-offs remain within the company’s risk appetite and financial targets.


The Portfolio Risk Analyst is a member of the analytical credit risk team focused on development, testing and implementation of new or enhanced strategies to improve future loan portfolio performance.


Watercress Financial is a home improvement lender originating across the United States. Candidates should be comfortable working in a highly entrepreneurial company where smart ideas, fast analysis, and thinking ahead are high-value personal traits.

RESPONSIBILITIES

  • Create and maintain monitoring reporting for consumer loan portfolio performance
  • Provide analysis and back-testing to minimize delinquency and charge off, while optimizing loan approval, look-to-book rates, and repayment rates.
  • Detect emerging credit risk trends in the economy, market or portfolio, and provide strategic recommendation to reduce credit risk or optimize profitability
  • Provide transparent, defensible reporting to executive leadership and risk committees
  • Create, maintain and enhance: loan loss forecasting, prepayment models, roll rate analysis, transition rate analysis.


QUALIFICATIONS

  • 4yr degree Finance, Accounting, Engineering, Actuarial, Com-Sci or other analytical field (Associates Degree with commensurate experience also considered)
  • Two or more years in a consumer lending portfolio management, FP&A, risk, data analysis/modeling or similar role
  • Confident working independently , detailed oriented
  • Strong working knowledge of: credit bureau data, consumer loan portfolio, loan repayment and delinquency behavior


KNOWLEDGE AND SKILLS

  • Experience with consumer loan capital markets, FP&A, loan securitization
  • MS Excel, Microsoft Power stack (PowerBI, PowerQuery, PowerPivot, PowerAutomate) and SQL
  • MLL, boosted/ensemble and/or chat models
Requirements: