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Credit Risk Analyst Jobs in Boston, MA (NOW HIRING)

MUFG

Analyst/Associate, Credit Risk Professional

Boston, MA · Hybrid

$100K - $140K/yr

Bachelor's degree in Business, Finance, Economics or equivalent work experience * 2-5 years of work experience in financial institutions or equivalent credit risk related function analyzing corporate ...

Flywire

Director, Credit Risk

Boston, MA · On-site

Partner with our Analytics and Engineering teams to build automated credit scoring models and risk monitoring tools that leverage real-time payment data. * Portfolio Management & Continuous Account ...

Flywire

Director, Credit Risk

Boston, MA · On-site

Partner with our Analytics and Engineering teams to build automated credit scoring models and risk monitoring tools that leverage real-time payment data. * Portfolio Management & Continuous Account ...

MutualOne Bank

Credit Analyst II

Framingham, MA

November Summary / Objective The Credit Analyst II is responsible for determining and monitoring credit risk in the commercial loan portfolio, and for assisting the AVP, Credit Team Leader with ...

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Credit Risk Analyst information

See Boston, MA salary details

$40.2K

$123.7K

$214.6K

How much do credit risk analyst jobs pay per year?

As of Jun 11, 2026, the average yearly pay for credit risk analyst in Boston, MA is $123,714.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,600.00 and $152,600.00 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 at Goldman Sachs is typically between $70,000 and $120,000 annually, depending on experience, location, and level of seniority. Compensation may also include bonuses and benefits, with higher salaries often associated with advanced certifications and specialized skills in risk assessment and financial analysis.

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 financial data and assessing creditworthiness, which involve judgment and interpretation that AI currently cannot fully replicate. While AI tools can automate data analysis and streamline processes, human analysts are still essential for complex decision-making and risk assessment. The role is evolving to include working alongside AI technologies to improve efficiency and accuracy.

How much do risk analysts get paid?

Risk analysts, including credit risk analysts, typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications like CFA or FRM can earn higher salaries and bonuses.

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 economic trends, often using specialized software, to assess risk levels and recommend credit limits or approval decisions. Their work helps financial institutions manage potential losses and ensure sound lending practices.
More about Credit Risk Analyst jobs
What are the most commonly searched types of Credit Risk Analyst jobs in Boston, MA? The most popular types of Credit Risk Analyst jobs in Boston, MA are:
What are popular job titles related to Credit Risk Analyst jobs in Boston, MA? For Credit Risk Analyst jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Credit Risk Analyst jobs in Boston, MA look for? The top searched job categories for Credit Risk Analyst jobs in Boston, MA are:
What cities near Boston, MA are hiring for Credit Risk Analyst jobs? Cities near Boston, MA with the most Credit Risk Analyst job openings:
Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Boston, MA as of June 2026, with employment types broken down into 84% Full Time, 13% Part Time, 1% Temporary, and 2% Contract. Highlights an 82% Physical, 7% Hybrid, and 11% Remote job distribution, with an average salary of $123,714 per year, or $59.5 per hour.
Senior Credit Risk Management Analyst, Chelmsford, MA or Hillsboro, OR, Hybrid Full-Time

Senior Credit Risk Management Analyst, Chelmsford, MA or Hillsboro, OR, Hybrid Full-Time

Digital Federal Credit Union

Chelmsford, MA

Full-time

Posted 9 days ago

Digital Federal Credit Union rating

8.4

Company rating: 8.4 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

Job description

Schedule

Monday - Friday 8-5 (40 hrs)

What You’ll Do

Job Summary:

The Senior Analyst, Credit Risk is responsible for performing advanced credit risk analysis, portfolio monitoring, and reporting to support the organization’s Second Line of Defense (2LOD) credit risk management function. This role evaluates credit performance, supports risk governance activities, and provides insights to ensure alignment with the organization’s risk appetite, regulatory expectations, and strategic objectives.

The Senior Analyst operates independently on complex assignments, providing data-driven insights, identifying emerging risks, and supporting effective challenge of first line lending practices and portfolio strategies.

 

Essential Functions:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Analyze credit portfolio performance across consumer and commercial portfolios, including credit quality, concentrations, migration trends, and loss performance
  • Monitor and report on key credit risk indicators (KRIs/KPIs), identifying trends, emerging risks, and areas of concern
  • Support the Allowance for Credit Losses (ACL) / CECL process, including data analysis, validation of assumptions, and review of outputs
  • Perform stress testing and scenario analysis to evaluate potential impacts on portfolio performance, earnings, and capital
  • Evaluate underwriting practices, portfolio strategies, and credit risk frameworks, providing insights and effective challenge where appropriate
  • Support development of credit risk reporting, including materials for leadership, risk committees, and governance forums
  • Analyze large data sets to generate actionable insights and support decision-making across credit risk functions
  • Assist in maintaining and enhancing credit risk policies, procedures, and governance documentation
  • Support credit model oversight and governance, including monitoring performance and identifying potential limitations in coordination with Model Risk Management
  • Participate in regulatory exams, internal audits, and credit reviews, including preparation of analysis, documentation, and responses
  • Partner with Finance, Lending, and Risk teams to support portfolio analysis, forecasting, and risk assessments
  • Identify opportunities to improve credit risk analytics, reporting processes, and data quality
  • Stay informed on regulatory expectations, industry trends, and emerging credit risks

Typical Scope:

  • Applies best practices and knowledge of internal/external business challenges to improve products, processes or services. Is accountable for small projects or programs with manageable risks and resource requirements. Resolves difficult and complex problems using judgment and analysis; contributes to problem solving in collaborative settings. Interprets policies and adapts them to new situations.
  • Demonstrates judgment in selecting methods to solve problems that have cross-functional impacts or require balancing competing priorities. Applies advanced knowledge of job area with experienced understanding of functional area.
  • Typically receives little instruction on daily work. Works independently within defined specialties; adapts methods and procedures for routine work with minimal oversight. Accountable for deliverables. May mentor others and coach or review their work.

What You’ll Need

Education & Experience:

  • Required Education: Bachelor's degree in field relevant to role (or 4 additional years of relevant experience in lieu of a degree)
  • Required Experience: 4 - 6 years of relevant experience

 

Qualifications & Skills:

  • Strong understanding of credit risk principles, lending products, and portfolio performance analysis
  • Knowledge of credit risk modeling, CECL/ACL, and stress testing concepts
  • Strong analytical and quantitative skills, with ability to interpret complex data
  • Experience with data analysis tools and Excel; familiarity with SQL, Python, or similar preferred
  • Ability to identify trends and translate data into clear, actionable insights
  • Strong problem-solving and critical thinking skills
  • Excellent written and verbal communication skills
  • Ability to manage multiple priorities in a fast-paced environment

What We Do

DCU is the largest credit union headquartered in New England – serving more than one million members in all 50 states. With over 1,700 team members, we strive to make DCU a great place to work with an excellent work-life balance, and a community that cares.

DCU is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics. 

If you’re applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to careers@dcu.org and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.

DCU is not currently offering Visa transfer/ sponsorship for this position.

 

Expected Pay Range

$93,000 - $111,500 annually

What Digital Federal Credit Union employees say

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