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Credit Risk Analyst Jobs in Ohio (NOW HIRING)

M&T Bank

Commercial Credit Analyst

Cleveland, OH · On-site

Responsible for performing supporting analysis, identifying risk issues, and completing sections of credit analysis, as needed, to assess the creditworthiness of commercial clients. Primary ...

M&T Bank

Commercial Credit Analyst

Cleveland, OH

Responsible for performing supporting analysis, identifying risk issues, and completing sections of credit analysis, as needed, to assess the creditworthiness of commercial clients. Primary ...

M&T Bank

Commercial Credit Analyst

Cleveland, OH · On-site

Responsible for performing supporting analysis, identifying risk issues, and completing sections of credit analysis, as needed, to assess the creditworthiness of commercial clients. Primary ...

PNC Bank

Commercial Credit Expert - AMG

Cleveland, OH · On-site

Analytical thinking -knowledge of techniques and tools that promote effective analysis and ability to determine the root cause and create alternative solutions to resolve the problem. Credit Risk ...

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Credit Risk Analyst information

See Ohio salary details

$35.2K

$108.3K

$187.8K

How much do credit risk analyst jobs pay per year?

As of Jul 8, 2026, the average yearly pay for credit risk analyst in Ohio is $108,266.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,400.00 and $133,600.00 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 the most commonly searched types of Credit Risk Analyst jobs in Ohio? The most popular types of Credit Risk Analyst jobs in Ohio are:
What are popular job titles related to Credit Risk Analyst jobs in Ohio? For Credit Risk Analyst jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Credit Risk Analyst jobs in Ohio look for? The top searched job categories for Credit Risk Analyst jobs in Ohio are:
What cities in Ohio are hiring for Credit Risk Analyst jobs? Cities in Ohio with the most Credit Risk Analyst job openings:
What are popular job titles related to Credit Risk Analyst jobs in OH? For Credit Risk Analyst jobs in OH, the most frequently searched job titles are:
Credit Risk Analyst jobs near you
Commercial Credit Analyst

Commercial Credit Analyst

Commercial Alliance

Loveland, OH

Full-time

Posted 27 days ago

Job description

CREDIT ANALYST
Commercial Alliance provides a comprehensive suite of lending services designed to help credit unions succeed with business members across six states. We are looking for an enthusiastic, self-motivated professional to assist with Credit.

As a Credit Analyst, you will be responsible for assessing the credit worthiness of individuals and
businesses seeking loans or credit lines. You will analyze financial data, evaluate risk factors, prepare credit memo write-ups, and provide recommendations regarding credit decisions. You will also review existing loans for financial performance and compliance with covenants and reassess risk ratings.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Spread, review, and analyze financial statements, credit reports, collateral evaluations, and
other relevant financial information of prospective borrowers. Prepare and underwrite credit
presentations for recommendation.
• Receive direction from Credit Manager as to reviewing new loan deal packages.
• Evaluate the risk associated with extending credit to individuals or businesses based on factors
such as income, debt levels, payment history, and market conditions.
• Ensure compliance with company credit policies and procedures when evaluating credit
applications.
• Monitor the performance of existing credits, evaluate financial performance and covenant
compliance, identify potential risks, and recommend appropriate actions per policy.
• Stay informed about industry trends, economic indicators, and regulatory changes that may
impact credit risk.
• SBA underwriting or assistance with SBA programs or SBA packaging as LSP.
• Perform other duties as assigned.

QUALIFICATIONS:
• Bachelor’s degree in finance, accounting, economics, a related field, or equivalent related
experience
• Previous experience in credit analysis, financial analysis, or risk management
• Strong analytical skills with the ability to interpret financial data, lease agreements, and other
contract documents.
• Knowledge of financial markets, accounting principles, and credit risk assessment techniques.
• Excellent communication and interpersonal skills.
• Attention to detail and ability to work independently.
• Familiarity with regulatory requirements and industry best practices in credit risk management
preferred.
• Conversant with intermediate level accounting principals (cash/accrual basis, cost, and contractor),
lending experience helpful.
• Knowledge of and ability to read, interpret and draw accurate conclusions from financial and
numerical material.
• Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective
judgments as to priority and time allocation.
• Proficiency in Microsoft Office applications Outlook, Teams, Excel, Word, PowerPoint
• Preferred 2+ years commercial credit analysis experience
• Preferred familiarity with Baker Hill, Abrigo or other LOS software
Commercial Alliance offers exciting and challenging opportunities to work in a dynamic, collaborative, and innovative environment.. As a part of our team you'll enjoy our competitive salary and benefits packages. You'll also encounter exciting opportunities for both professional and personal growth, along with recognition and valuable experiences.
If you are a strategic thinker with a passion for delivering exceptional products and working in a fast-paced environment, we would love to hear from you. Apply today to join our team!

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