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Credit Risk Analyst Jobs in Minnesota (NOW HIRING)

US Bank

Credit Risk Analyst

Minneapolis, MN · On-site

Bank's Credit Risk Management area is seeking a Credit Risk Analyst to work on their Dealer Services (auto loan, auto lease, and recreational vehicle and marine craft) portfolios. Credit Risk ...

U.S. Bank

Credit Risk Manager

Minneapolis, MN · On-site

$133K - $156K/yr

Provides credit risk analytics support for the Wholesale Commercial portfolios, including the development and monitoring of credit risk rating assignment methods. Develops and delivers analytics to ...

US Bank

Credit Risk Manager

Minneapolis, MN · On-site

$133K - $156K/yr

Provides credit risk analytics support for the Wholesale Commercial portfolios, including the development and monitoring of credit risk rating assignment methods. Develops and delivers analytics to ...

PLATINUM BANK

VP - Credit Officer

Saint Paul, MN · On-site

$115K - $150K/yr

The Credit Risk Officer provides analysis and evaluation regarding the credit risk of large and/or complex commercial relationships. This person is responsible for aiding in maintaining an effective ...

United Prairie Bank

Credit Analyst

Mankato, MN · Hybrid

$56K - $84K/yr

Job Overview: In this position you will be collecting, analyzing, and interpreting financial data and financial information to evaluate and mitigate credit risk, as well as determining the ...

Platinum Bank

VP - Credit Officer

Saint Paul, MN · On-site

$115K - $150K/yr

The Credit Risk Officer provides analysis and evaluation regarding the credit risk of large and/or complex commercial relationships. This person is responsible for aiding in maintaining an effective ...

United Prairie Bank

Credit Analyst

Mankato, MN · On-site

$27.34 - $40.45/hr

Job Overview: In this position you will be collecting, analyzing, and interpreting financial data and financial information to evaluate and mitigate credit risk, as well as determining the ...

Compeer Financial

Prin Credit Officer Risk

Mankato, MN · On-site

This position is responsible for the management and servicing of complex high risk asset portfolio ... Credit Analysis and Decision Making * Analyzes complex financial and supporting information ...

Compeer Financial

Prin Credit Officer Risk

Mankato, MN · Hybrid

This position is responsible for the management and servicing of complex high risk asset portfolio ... Credit Analysis and Decision Making * Analyzes complex financial and supporting information ...

Compeer Financial

Prin Credit Officer Risk

Mankato, MN · On-site

This position is responsible for the management and servicing of complex high risk asset portfolio ... Credit Analysis and Decision Making * Analyzes complex financial and supporting information ...

U.S. Bank

Credit Policy Manager

Minneapolis, MN · On-site

Vision | We create the future of credit risk management through data, analytics, and risk process innovation for our customers. Mission | We deliver data-driven information solutions to protect our ...

US Bank

Credit Policy Manager

Minneapolis, MN

Vision | We create the future of credit risk management through data, analytics, and risk process innovation for our customers. Mission | We deliver data-driven information solutions to protect our ...

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Showing results 1-20

All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Minnesota

Credit Risk Analyst information

See Minnesota salary details

$36.2K

$111.5K

$193.4K

How much do credit risk analyst jobs pay per year?

As of Jul 29, 2026, the average yearly pay for credit risk analyst in Minnesota is $111,536.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,800.00 and $137,600.00 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
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What are popular job titles related to Credit Risk Analyst jobs in MN? For Credit Risk Analyst jobs in MN, the most frequently searched job titles are:
Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Minnesota as of July 2026, with employment types broken down into 56% Full Time, and 44% Part Time. Highlights an 50% In-person, and 50% Hybrid job distribution, with an average salary of $111,536 per year, or $53.6 per hour.
Credit Risk Analyst

Credit Risk Analyst

US Bank

Minneapolis, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 359 frontline employees who took The Breakroom Quiz

51st of 170 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

NOTE: This position is not eligible for current or future visa sponsorship.

U.S. Bank's Credit Risk Management area is seeking a Credit Risk Analyst to work on their Dealer Services (auto loan, auto lease, and recreational vehicle and marine craft) portfolios. Credit Risk Management has enterprise wide responsibility for monitoring, managing, and controlling the level of Credit Risk at U.S. Bank. This is accomplished via ongoing partnership with Business Line peers, internal and external examiners, and other risk partners within the overarching Risk, Compliance, and Audit umbrella.

The overall objective of this role is to actively monitor and address existing and emerging Credit Risk and ensure timely and accurate reporting of that risk. This individual will be responsible for various activities, including:

Second Line of Defense - Set Standards and Challenges

Governance, Risk, & Oversight Functions Accountabilities

Establishes enterprise governance, risk, and control strategies and practices.

Provides oversight and independent challenge to the first line through review, inquiry and discussion.

Develops and communicates governance, risk, and control policies.

Provides training, tools, and advice to support the first line of defense in carrying out its accountabilities.

Monitors and reports on compliance with risk appetite and policies.

ESSENTIAL FUNCTIONS:

Researches, evaluates, develops and communicates credit policy that is within the U.S. Bank risk appetite and meets business objectives and targets.

Provides oversight and independent challenge to the business line through review, inquiry and discussion.

Exercise independent judgement by displaying and reaching conclusions on the most complex portfolio issues as well as assume accountability for high quality recommendations regarding Dealer Services portfolios.

Provides training, tools and advice to support the business line in carrying out its accountabilities.

Monitors and reports on compliance with risk appetite and policies.

Analyzes the portfolio for emerging and key risk trends. Analyzes the output of reports to identify key risk trends and emerging risks within the portfolio. Independently determines what constitutes an emerging risk trend based on knowledge of the portfolio, industry and general macroeconomic environment.

Manages multiple projects and analyses and ensures deadlines are met. Ensure data structure provides necessary information for detailed, accurate reporting and analytics.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than eight years of applicable experience

Preferred Skills/Experience

Four or more years of Retail (Credit Cards, Consumer Lines of Credit, Auto Loans, Deposits) credit risk management experience.

Considerable knowledge of credit risk, financial and statistical analysis.

Considerable knowledge of credit administration, policies and procedures, and regulatory compliance.

Bachelor's or Master's degree in business, accounting, computer science, economics, finance or statistics, or equivalent work experience.

Strong analytical skills.

Strong written and verbal communication skills.

Proficient in programming and data manipulation using SQL, SAS, Python, or R.

Effective presentation, organizational, and prioritization skills.

Proficiency utilizing a variety of software packages including Microsoft Word, Excel, PowerPoint, etc.

Effective technical report writing skills.

Ability to work independently with minimal guidance from manager.

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.

NOTE: This position is not eligible for current or future visa sponsorship.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $119,765.00 - $140,900.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

Social media

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