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Credit Risk Analyst Jobs in Minnesota (NOW HIRING)

U.S. Bank

Credit Risk Review Officer

Minneapolis, MN · On-site

Credit Risk Review Officers independently evaluate and monitor risk in Wholesale Banking. CRROs ... This is accomplished through the analysis of portfolio credit quality and portfolio reporting ...

US Bank

Credit Risk Review Officer

Minneapolis, MN

Credit Risk Review Officers independently evaluate and monitor risk in Wholesale Banking. CRROs ... This is accomplished through the analysis of portfolio credit quality and portfolio reporting ...

DataAnnotation

Credit Risk Manager

Saint Paul, MN · Remote

$50 - $60/hr

We are looking for a Credit Risk Manager to join our team to help train the next generation of AI ... analysis, financial modeling, data analysis, and other reasoning exercises related to finance ...

DataAnnotation

Credit Risk Officer

Saint Paul, MN · Remote

$50 - $60/hr

We are looking for a Credit Risk Officer to join our team to help train the next generation of AI ... analysis, financial modeling, data analysis, and other reasoning exercises related to finance ...

Compeer Financial

Credit Analyst

Rochester, MN · Hybrid

Determines appropriate level of analysis and due diligence required based on credit risk. * Determines appropriate account classification and probability of default rating. * Effectively communicates ...

Compeer Financial

Sr Credit Officer Risk

Waite Park, MN · On-site +1

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

Compeer Financial

Credit Analyst

Rochester, MN · Hybrid

Determines appropriate level of analysis and due diligence required based on credit risk. * Determines appropriate account classification and probability of default rating. * Effectively communicates ...

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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 May 28, 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 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 Minnesota? For Credit Risk Analyst jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Credit Risk Analyst jobs in Minnesota look for? The top searched job categories for Credit Risk Analyst jobs in Minnesota are:
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 May 2026, with employment types broken down into 1% As Needed, 84% Full Time, 10% Part Time, 3% Temporary, and 2% Contract. Highlights an 71% Physical, 4% Hybrid, and 25% Remote job distribution, with an average salary of $111,536 per year, or $53.6 per hour.
Director, Credit Risk Management

Director, Credit Risk Management

Ent Credit Union

Apple Valley, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 17 days ago

Ent Credit Union rating

8.6

Company rating: 8.6 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

Job description

Company Description
Ent Credit Union and Wings Credit Union joined forces in January 2026. This merger means more opportunities, expanded resources, and a shared commitment to delivering exceptional member service. Together, we become more - empowering members, communities, and teams through a bold, unified future. Both organizations bring a strong legacy of member satisfaction, operational excellence, financial stability, and community impact. Recognized locally and nationally as best-in-class financial institutions and employers of choice, each is known for its commitment to financial well-being and philanthropic leadership. Join us during this transformative time and be part of shaping the future of banking! To learn more about the merger, click here.
Job Description
As Wings enters a new chapter following its 2026 merger with Ent Credit Union, the Director of Credit Risk will lead a strengthened and realigned second-line credit risk function.
This role has been relaunched to reflect the expanded leadership expectations and the strategic needs of a $20B+ organization. The Director will have ownership of the second line oversight function for lending portfolios and for elevating the consistency, quality and strategic value of credit risk review across the organization. The position requires a leader who can influence at all levels, bring clarity to complex credit decisions and help shape the future of Wings' credit risk strategy.
Essential Functions
  • Credit Risk Oversight and Portfolio Review:
    • Perform comprehensive evaluations of the credit union's credit exposures, assess the quality of credit analysis and approval processes, verify the precision of credit ratings, and ensure compliance with established credit risk policies, standards, procedures, and overall risk appetite.
    • Conduct independent reviews across all lending portfolios to assess credit quality and enforce adherence to relevant risk policies and procedures.
    • Facilitate early identification of credit-related issues, exceptions, and industry or geographic risk factors to support timely detection of portfolio deterioration.
  • Risk Governance, Strategy, and Regulatory Awareness:
    • Contribute to the design and improvement of credit risk review strategies.
    • Remain up to date regarding federal and state regulations impacting the lending function and the credit union's portfolio.
  • Stakeholder Engagement and Communication:
    • Manage and coordinate relationships with senior management stakeholders across all departments, presenting review findings clearly and confidently.
    • Lead or participate in opening and closing meetings, communicating identified matters to leadership and relevant business units under review.
    • Present well-supported recommendations concerning processes, procedures, and credit risk to senior management, effectively challenging internal risk ratings when necessary.
  • Training, Coaching, and Advisory Support:
    • Provide training and coaching to less experienced colleagues and offer advice to teams across all lines of defense as appropriate.
    • Mentor and train less experienced colleagues, guiding teams where appropriate.
  • Staff Management and Development:
    • Guide the daily activities of staff.
    • Support skills augmentation as appropriate to support Ent initiatives.
    • Mentoring/coaching of direct reports.
    • Establish team and individual goals and pursue opportunities for personal development.
    • Perform quarterly and annual performance assessments.
  • Bank Secrecy Act: Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Qualifications
  • Bachelor's Degree in accounting, finance or related field.
  • Master's (MBA, Master of Finance) or relevant certification preferred.
  • 9+ years' experience in credit administration and/or credit risk management analytics at a financial institution or regulatory agency.
  • 3+ years' of team leadership or management experience.
  • Proven credit risk expertise in consumer, mortgage or commercial lending at financial institutions, and in depth understanding of lending credit products.
  • Experience in data analytics. Programming and data manipulation with SQL, Python, and R are a benefit.
  • Confident negotiator with excellent oral and written communication abilities.
  • Proven ability to collaborate at a senior level with internal and external stakeholders.
  • Knowledge of risk governance frameworks, second-line enterprise risk management, and internal controls.
  • Exceptional analytical and problem-solving skills; able to identify issues, ask insightful questions, and escalate appropriately.
  • Able to clearly explain complex quantitative and model concepts to both technical and non-technical audiences.
  • Excellent organizational skills, capable of managing multiple deadlines.
  • Bondable.

Additional Information
The pay range for this position is: $180,000 to $200,000 per year plus 20% annual target bonus.
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, location and internal pay equity.
BENEFITS:
  • Generous 401(k) match
  • 401k Discretionary Profit Sharing
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Short Term and Long Term Disability
  • Health Savings Account with company contribution
  • Employee Assistance Program
  • Paid Vacation, Sick, Floating Holidays and Volunteer Time Off
  • Paid Holidays
  • Tuition Reimbursement
  • Paid Parental Leave

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