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Credit Risk Analyst Jobs in Minnesota (NOW HIRING)

US Bank

SBA Credit Analyst 6

Minneapolis, MN · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Thorough knowledge of credit analysis, credit administration, credit policy and procedures, and risk analysis * Thorough knowledge of SBA lending programs, including SBA 7(a) and 504 loan structures ...

US Bank

SBA Credit Analyst 6

Minneapolis, MN · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Thorough knowledge of credit analysis, credit administration, credit policy and procedures, and risk analysis * Thorough knowledge of SBA lending programs, including SBA 7(a) and 504 loan structures ...

Choice Bank

Credit Analyst

Golden Valley, MN · On-site

$48K - $89K/yr

These positions contribute to evaluating credit quality, identifying and mitigating risk, and ... Cash flow analysis: traditional and UCA. * Collateral analysis: BBCs, real estate and equipment ...

Choice Bank

Credit Analyst

Golden Valley, MN

$48K - $89K/yr

These positions contribute to evaluating credit quality, identifying and mitigating risk, and ... Cash flow analysis: traditional and UCA. * Collateral analysis: BBCs, real estate and equipment ...

Choice Bank

Credit Analyst

Minneapolis, MN · On-site

$48K - $89K/yr

These positions contribute to evaluating credit quality, identifying and mitigating risk, and ... Cash flow analysis: traditional and UCA. * Collateral analysis: BBCs, real estate and equipment ...

Dacotah Banks

Associate

Minneapolis, MN · On-site

  • Medical

  • Dental

  • Life

  • Retirement

  • PTO

Demonstrated ability to analyze financial statements and assess credit risk. * Strong written and verbal communication skills. * Ability to organize multiple priorities and meet deadlines in a fast ...

Dacotah Bank

Associate

Minneapolis, MN · On-site

  • Medical

  • Dental

  • Life

  • Retirement

  • PTO

Demonstrated ability to analyze financial statements and assess credit risk. * Strong written and verbal communication skills. * Ability to organize multiple priorities and meet deadlines in a fast ...

Bridgewater Bank

Credit Analyst Lead

Saint Louis Park, MN · Hybrid

$94K - $114K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... risk in the loan portfolio * Promote positive, professional relationships with and among the Credit ... Strong analytical and reasoning skills * Excellent written, verbal, and interpersonal communication ...

Bridgewater Bank

Credit Analyst Lead

Greenwood, MN · On-site

$94K - $114K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... risk in the loan portfolio * Promote positive, professional relationships with and among the Credit ... Strong analytical and reasoning skills * Excellent written, verbal, and interpersonal communication ...

Bridgewater Bank

Credit Analyst Lead

Saint Louis Park, MN · On-site

$94K - $114K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... risk in the loan portfolio * Promote positive, professional relationships with and among the Credit ... Strong analytical and reasoning skills * Excellent written, verbal, and interpersonal communication ...

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Showing results 41-60

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 Aug 18, 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

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What job categories do people searching Credit Risk Analyst jobs in Minnesota look for?

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Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Minnesota as of August 2026, with employment types broken down into 56% Full Time, and 44% Part Time. Highlights an 60% In-person, and 40% Hybrid job distribution, with an average salary of $111,536 per year, or $53.6 per hour.

Credit Analyst

Superior Choice Credit Union

Grand Rapids, MN • On-site

$25 - $35/hr

Full-time

Re-posted 3 days ago

Job description

Credit Analyst
Are you a numbers-driven problem solver who enjoys digging into financial details and turning data into meaningful insights? Do you take pride in accuracy, organization, and supporting smart lending decisions?

We’re looking for a Credit Analyst who’s equal parts analytical thinker, detail detective, and collaborative partner. In this role, you’ll work closely with lenders to evaluate credit requests, assess risk, and ensure our members receive thoughtful, informed financial solutions.

What You’ll Be Doing:
  • Analyzing financial statements, credit reports, and other data to assess the strength of business members’ credit requests
  • Performing initial credit analysis to determine alignment with credit union policies and guidelines
  • Assisting with or preparing clear, concise credit presentations for lending decisions
  • Monitoring loan collateral, valuations, and inspections to ensure compliance with agreements and loan covenants
  • Supporting lenders with ongoing portfolio management and problem loan administration
  • Preparing and maintaining reports on members’ credit obligations and financial performance
  • Collecting and organizing financial data directly from members when needed
  • Updating and maintaining credit and loan systems with accurate data entry and reporting
  • Contributing to special projects and supporting team initiatives
You’ll Thrive in This Role If You:
  • Have 3–5 years of experience in credit analysis, commercial lending, or a related financial role
  • Enjoy analyzing financial data and translating it into clear recommendations
  • Are highly organized, detail-oriented, and pride yourself on accuracy
  • Communicate complex financial concepts clearly and professionally
  • Can manage multiple priorities while meeting deadlines
  • Work well independently but also enjoy collaborating with a team
  • Are comfortable using loan software, reporting tools, and Microsoft Office
Bonus Points If You:
  • Have experience working with commercial or business lending portfolios
  • Are skilled at identifying potential risks and offering proactive solutions
  • Enjoy building relationships with internal teams and supporting lenders
  • Thrive in a fast-paced environment where no two days are exactly the same
What Success Looks Like:
  • Accurate, thorough credit analysis that supports strong lending decisions
  • Well-prepared credit presentations that clearly communicate risk and opportunity
  • Timely and compliant reporting on credit activity and loan performance
  • Strong collaboration with lenders and internal partners
  • Maintaining high standards of confidentiality, professionalism, and service
Why Join Us?

We’re more than a credit union—we’re a team committed to helping our members and communities thrive. At Superior Choice Credit Union, your expertise helps drive smart decisions, support local businesses, and strengthen financial futures.

If you’re ready to put your analytical skills to work in a meaningful way, we’d love to have you on our team.

Superior Choice Credit Union has proudly served the community for over 90 years, with more than 150 team members supporting over 30,000 members across Wisconsin and Minnesota. Learn more at superiorchoice.com.