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Credit Risk Analyst Jobs in Minnesota (NOW HIRING)

BankVista

Commercial Credit Analyst

Waite Park, MN · On-site

$58K/yr

The Credit Analyst assists to ensure that loan risk rating and credit quality standards are adhered to. Primary Responsibilities * Complete clear, detailed credit presentations that summarize ...

Cemstone

Credit and Collections Analyst

Mendota Heights, MN · On-site

$60K - $70K/yr

Perform credit risk assessments, scoring, and analysis. * Recommend and establish appropriate credit limits and payment terms, per company policy. * Monitor customer credit exposure and escalate high ...

gpac

Senior Credit Officer

Rockford, MN · On-site

Senior Credit Officer Community Bank | Confidential Search Position Overview A well-capitalized ... analytics * Partner with lending leadership to balance growth objectives with disciplined risk ...

New

Minnesota Jobs

Credit Review Team Leader Sr

Minnetonka, MN · On-site

$125K - $255K/yr

Bachelor's Degree * 10+ years of progressively responsible experience in credit review, risk and/or credit risk management, portfolio monitoring, underwriting and/or analysis, including a management ...

Huntington

Credit Review Team Leader Sr

Minnetonka, MN · On-site

$125K - $255K/yr

Bachelor's Degree * 10+ years of progressively responsible experience in credit review, risk and/or credit risk management, portfolio monitoring, underwriting and/or analysis, including a management ...

Interstate PowerSystems

Credit Manager

Eagan, MN · On-site

$150 - $200/hr

Establish and administer company credit policies, approval authorities, and risk tolerances. * Evaluate customer creditworthiness using financial statement analysis, credit reports, and payment ...

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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 Sep 9, 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 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 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.

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.

Is a credit risk analyst entry level?

A credit risk analyst can be an entry-level position, often requiring a bachelor's degree in finance, economics, or related fields. Some roles may require prior internship experience or familiarity with financial analysis tools, but many companies offer training for new graduates. Advancement typically depends on experience, skills, and certifications such as the CFA or credit analysis courses.

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 Minnesota?

The most popular types of Credit Risk Analyst jobs in Minnesota are:

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 September 2026, with employment types broken down into 1% As Needed, 81% Full Time, 6% Part Time, and 12% Contract. Highlights an 82% Physical, 4% Hybrid, and 14% Remote job distribution, with an average salary of $111,536 per year, or $53.6 per hour.

Commercial Credit Analyst

Waite Park, MN • On-site

BankVista
Commercial Banking • 11 - 50 employees
Learn more about BankVistaexternal

$58K/yr

Other

Medical, Dental, Vision, Life, Retirement

Re-posted 12 days ago

Job description

Job Description

Job Description

BankVista is seeking an experienced Commercial Credit Analyst for a partially ONSITE role. Are you passionate about providing exceptional financial services and eager to make a meaningful impact in your community? BankVista is looking for dedicated and talented individuals to join our team. As a member of BankVista, you'll be part of a dynamic and supportive environment where innovation, collaboration, and professional growth are highly valued. We offer competitive benefits, opportunities for advancement, and a chance to be part of a company that truly cares about its employees and clients. If you're ready to take your career to the next level, apply today and become a vital part of the BankVista family!

COMMERCIAL CREDIT ANALYST - Waite Park, MN

The Credit Analyst position conducts thorough financial analysis on clients focusing on their character, capacity, capital, collateral and conditions. This role involves preparing credit presentations for new requests, changed requests and annual due diligence. The Credit Analyst assists to ensure that loan risk rating and credit quality standards are adhered to.

Primary Responsibilities

  • Complete clear, detailed credit presentations that summarize borrower’s financial condition. Makes recommendations tied to analysis to loan officers, loan committee, and/or credit management committee.
  • Analyze financial statements, tax returns, and other financial documents to assess the creditworthiness of loan applicants and existing clients.
  • Investigate and gather information about clients.
  • Complete the underwriting function and the recommendation of the credit risk rating of existing and prospective clients. Seeks guidance from Supervisor and/or Credit Analyst II as needed.
  • Support the achievement of organizational and individual team member success through the timely completion of various reports and projects and willingness to adapt to change.

** Essential Qualifications and Requirements:**

  • Four-year degree in Business, Finance, or related field; or equivalent combination of education, training, and experience.
  • Ideal candidate will have 3-5 years commercial credit underwriting experience.

** Expected Salary:** Starting at $58,000+ annually. Compensation will be commensurate with the selected candidate's qualifications, experience, and demonstrated abilities.

BankVista offers a competitive salary and employee benefits package including health, dental & vision insurance, employer paid Life Insurance and Disability, and a 401(k) Plan with employer match. If you are interested in joining a growing company and working within a fun and exciting environment, please apply now.

BankVista is committed to providing an environment that is free from discrimination and harassment based on race, age, creed, color, religion, national origin or ancestry, sex, gender, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or pregnancy and will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. BankVista is an equal opportunity/equal access/affirmative action employer fully committed to achieving a diverse workforce and complies with all Federal and Minnesota State laws, regulations, and executive orders regarding non-discrimination and affirmative action.

\nCompany Description

As a vital, independent community bank, BankVista gives financial strength and expertise to businesses and consumers throughout Minnesota and beyond.

In addition, our community focus is solid. Through financial support and the investment of volunteer hours by our employees to multiple organizations, BankVista continues to reach out in the community.

Company Description

As a vital, independent community bank, BankVista gives financial strength and expertise to businesses and consumers throughout Minnesota and beyond.\r\n\r\nIn addition, our community focus is solid. Through financial support and the investment of volunteer hours by our employees to multiple organizations, BankVista continues to reach out in the community.

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