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Credit Risk Analyst Jobs in Minnesota (NOW HIRING)

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

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

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 ...

Minnesota Lakes Bank

Be Seen First

Credit Analyst

Delano, MN · On-site

$50K - $75K/yr

... and risk rating review Manage Appraisal Process · Places appraisals for bid with approved ... credit analyst or relevant experience in a position utilizing similar analytical skills

MidCountry Bank

Sr Credit Analyst

Minneapolis, MN · On-site

$100K - $115K/yr

Responsible for analyzing risk within the lending portfolio, at the inception of a lending process and on an ongoing basis. JOB RESPONSIBILITIES 1. Perform financial analysis of assigned credits

Channel

Business Intelligence Analyst I

Hopkins, MN · On-site

$75K - $80K/yr

This position will support a wide range of functions including Credit, Risk, Marketing, Sales, and ... Collaboration with Modeling & Analytics team - to align BI outputs and analytics initiatives ...

Executive Recruiting Consultants

Credit Analyst

Hopkins, MN · On-site

$50K - $75K/yr

Analyze credit data and financial statements to determine risk. * Work closely with loan officers. COMMUNITY: Twin Cities, MN area * It's the Twin Cities, need we say more? You can live and work in ...

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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 Jul 14, 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
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 July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 86% Full Time, 6% Part Time, 1% Temporary, and 5% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $111,536 per year, or $53.6 per hour.
Mortgage Securitization Credit Associate

Mortgage Securitization Credit Associate

Invictus Capital Partners

Bloomington, MN

Full-time

Retirement, PTO

Posted 4 days ago

Job description

This is an exciting opportunity to join an industry leader in a growing market. We offer a fast-paced and fun environment where your input and experience are valued.
We are seeking a detail-orientated and experienced mortgage professional with strong expertise in underwriting, compliance, and securitization. This role involves evaluating underwriting exceptions and mitigation, collaborating with internal teams and third- party partners, and supporting the end-to-end securitization process. The ideal candidate will have in-depth knowledge of mortgage regulations, risk assessment and product guidelines, along with a proven ability to manage multiple priorities in a fast-paced, deadline-driven environment. Effective communication skills, strong analytical thinking and a commitment to continuous process improvement are essential for success in this role.
  • Review underwriting exceptions and documented compensating factors to ensure acceptability and address issues at the time of securitization
  • Monitor transaction timelines, loan documents, securitization documentation, platforms and parties involved to facilitate successful securitization of mortgage assets
  • Collaborate with third-party diligence providers, attorneys, banking partners, and internal teams to coordinate securitization activities
  • Ensure asset reviews and data from third party diligence firms are accurate and meet rating agency requirements for securitization
  • Conduct ongoing evaluation of the existing loan portfolio, including underwriting criteria and product parameters, to identify and resolve any securitization eligibility concerns
  • Contribute to the development and continuous improvement of internal procedures and documentation related to securitization and credit processes
  • Collaborate with the Operational team and perform additional duties as needed to support asset acquisition and as assigned by management.
  • High school diploma or equivalent
  • Minimum of 5 years of current mortgage underwriting experience, including Non-QM mortgage underwriting
  • Strong underwriting and analytical skills, with the ability to evaluate credit risk issues from both business and technical perspectives
  • Proficiency in Microsoft Excel and Word
  • Demonstrated project management skills, including coordination of multiple stakeholders in the securitization process leading to successful closings
  • Experience managing third-party service providers 
  • Proven ability to work under pressure and meet tight deadlines
  • Excellent oral and written communication skills
  • In-depth knowledge of mortgage loan production, and the securitization process
  • Comprehensive understanding of federal and state mortgage compliance regulations, including RESPA, TILA, and HMDA and applicable state specific requirements
  • Strong ability to work independently and collaboratively within a small team environment
  • Proficiency in AI tools and technologies (e.g., generative AI platforms, automation tools, and data analytics applications) and the ability to leverage them to enhance risk analysis, support process improvement initiatives, and drive operational optimization

Key Competencies: 
  • Underwriting & Risk Assessment Expertise: Extensive knowledge of mortgage credit risk assessment, risk mitigation, and loan securitization.
  • Analytical Thinking & Attention to Detail: Ability to interpret complex data from third parties, monitor securitization timelines, and assess loan eligibility with precision.
  • Project & Stakeholder Management: Skilled in coordinating multiple parties including diligence firms, attorneys, and internal teams to drive timely closings.
  • Regulatory & Compliance Knowledge: Strong command of federal and state mortgage regulations such as RESPA, TILA, and HMDA to ensure fully compliant asset reviews.
  • Communication & Collaboration: Effective verbal and written communication across departments and external partners to align securitization activities.
  • Adaptability, Technology & Process Improvement: Ability to leverage technology tools and AI-driven solutions while working under pressure, actively contributing to the refinement of internal procedures, documentation, and workflow efficiencies.

How This Role Demonstrates Our Values: 
  • Integrity: Ensures regulatory compliance and accurate data evaluation, upholding the highest standards in securitization practices.
  • Collaboration: Works cross-functionally with operations, legal, diligence firms, and capital markets teams to ensure smooth and timely closings.
  • Excellence: Brings deep mortgage expertise and consistently delivers high-quality, compliant securitization packages under tight deadlines.
  • Critical Curiosity:  Engages in continuous evaluation and improvement of credit processes and underwriting criteria to optimize performance and eligibility.
  • Great compensation package, including competitive base pay
  • Discretionary annual bonus opportunity
  • Attractive benefits plans and paid time off, including sick time
  • 401(k) with company matching
  • Professional learning and development opportunities
  • Tuition reimbursement
  • And much more!

Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.

Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.
Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person's race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person's disability or medical condition.

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