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Credit Risk Analyst Jobs in Rochester, NY (NOW HIRING)

M&T Bank

Commercial Credit Analyst

Rochester, NY · 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

Rochester, NY · 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

Rochester, NY · 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, C&I

Rochester, NY · 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 ...

Farm Credit East

Credit Analyst Associate

Batavia, NY · Hybrid

$55K - $80K/yr

Create operational efficiency by effectively and efficiently analyzing credit requests, assessing risk, and making recommendations. * Fuels organizational synergy through consistent processes and ...

EXL

VP Client Partner - Commercial Banking - NYC

Farmington, NY · On-site

$136K - $175K/yr

... Credit Risk, and Operations. Working closely with account teams, solution leaders, and delivery teams, the role will help position EXL's Data, Analytics, AI, and Operations capabilities to address ...

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All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Rochester, NY

Credit Risk Analyst information

See Rochester, NY salary details

$36.5K

$112.4K

$194.9K

How much do credit risk analyst jobs pay per year?

As of Aug 29, 2026, the average yearly pay for credit risk analyst in Rochester, NY is $112,363.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,400.00 and $138,600.00 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 Rochester, NY?

The most popular types of Credit Risk Analyst jobs in Rochester, NY are:

What are popular job titles related to Credit Risk Analyst jobs in Rochester, NY?

For Credit Risk Analyst jobs in Rochester, NY, the most frequently searched job titles are:

What job categories do people searching Credit Risk Analyst jobs in Rochester, NY look for?

The top searched job categories for Credit Risk Analyst jobs in Rochester, NY are:

What cities near Rochester, NY are hiring for Credit Risk Analyst jobs?

Cities near Rochester, NY with the most Credit Risk Analyst job openings:

Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Rochester, NY as of August 2026, with employment types broken down into 80% Full Time, 17% Part Time, and 3% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $112,363 per year, or $54 per hour.

Senior Credit Analyst

Rochester, NY • On-site

Starr Indemnity & Liability Company
See more jobs at Starr Indemnity & Liability Companyexternal

$100 - $130/hr

Other

Posted 10 days ago

Job description

Job Description

Conduct comprehensive financial statement analysis (balance sheet, income statement, cash flow) to assess the creditworthiness of insureds, financial institutions and other obligors. Evaluate and monitor client credit exposure, recommending appropriate risk mitigants such as collateral or credit enhancements. Maintain tracking logs for credit submissions, collateral, and legal agreements to ensure compliance with approved credit terms. Collaborate with Underwriting, Legal, and Treasury to ensure legal documentation (e.g., guarantees, trust agreements, letters of credit) adheres to approved terms and is received promptly. Ensure accurate reconciliation and compliance of required collateral in accordance with internal credit approvals and policy guidelines. Analyze portfolio, sector, and industry trends to identify emerging credit risks. Support adherence to the company’s Credit Policy and assist with audit and internal control documentation. Participate in special projects as assigned.

Qualifications & Requirements

Bachelor’s degree in Finance, Accounting, Economics, or a related field. 2–4 years of experience in credit risk analysis; credit training at a major bank is preferred but not required. Strong knowledge of financial statement analysis, credit ratios, and risk assessment methodologies. Familiarity with collateral structures (trusts, letters of credit, guarantees) and related legal documentation preferred. Experience or demonstrated ability to work with large, complex, multi-year insurance programs is strongly preferred. Excellent communication and interpersonal skills.

Compensation

For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role is $100,000 - $130,000.

Equal Opportunity Employer

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees.

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