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Credit Risk Associate Salary Jobs in Minnesota (NOW HIRING)

US Bank

Credit Portfolio Manager

Minneapolis, MN · On-site

$91K - $111K/yr

... risk and responding to prospect or customer credit questions and making independent calls on ... Paid vacation (from two to five weeks depending on salary grade and tenure) * Up to 11 paid holiday ...

Cargill

Advisor, Product Manager - Credit

Wayzata, MN · Hybrid

$150K - $225K/yr

The expected salary for this position is $150,000 - $225,000. Compensation varies depending on a ... Experience in credit risk management, banking, trading, agribusiness, commodities, or another risk ...

Royal Credit Union

VP - Commercial Loan Officer

Edina, MN · On-site

$130K - $172K/yr

Participate in overall credit/risk management, portfolio management, and servicing of assigned ... This is a salaried position; candidates with significant related experience may be higher. Pay may ...

Choice Bank

Credit Analyst

Golden Valley, MN · On-site

$48K - $89K/yr

These positions contribute to evaluating credit quality, identifying and mitigating risk, and ... The base salary for this role is listed below. This pay range is posted to comply with wage ...

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Credit Risk Associate Salary information

What is the difference between Credit Risk Associate Salary vs Credit Analyst Salary?

AspectCredit Risk AssociateCredit Analyst
Required CredentialsBachelor's degree, certifications like CFA or credit risk coursesBachelor's degree, certifications like CFA or financial analysis courses
Work EnvironmentFinancial institutions, risk management teamsBanks, lending institutions, financial services
Employer & Industry UsageUsed in risk management roles within financeCommon in credit analysis and lending departments

Both roles often require similar educational backgrounds and certifications, and they operate within financial institutions. While Credit Risk Associates focus on assessing and managing risk exposure, Credit Analysts primarily evaluate creditworthiness of clients. Salary differences depend on experience and location but generally remain comparable within the finance industry.

What does a credit risk associate do?

A credit risk associate evaluates the creditworthiness of individuals or businesses to determine the likelihood of default on loans or credit agreements. They analyze financial statements, credit reports, and market data, often using risk assessment tools and models, to support lending decisions and manage credit portfolios.

What are the typical career advancement opportunities for a credit risk associate within the financial industry?

As a Credit Risk Associate, you can expect clear pathways for career progression, often advancing to Senior Associate, Credit Risk Manager, or specialized roles within risk management. Many organizations offer mentorship, training, and rotational programs to help associates develop analytical and decision-making skills needed for more senior positions. Advancement is typically based on demonstrated expertise in assessing creditworthiness, collaborating effectively with cross-functional teams, and managing increasingly complex portfolios. Proactive engagement in professional development and taking on challenging projects can accelerate your growth within this field.

What is the average salary for a credit risk associate?

The average salary for a Credit Risk Associate in the United States typically ranges from $70,000 to $100,000 per year, depending on factors such as experience, location, and the size of the employer. Entry-level positions may start around $60,000, while those with several years of experience or in major financial centers like New York City can earn over $110,000. Bonuses and additional compensation may also be offered, especially at larger banks or financial firms.

What are the key skills and qualifications needed to thrive as a credit risk associate, and why are they important?

To thrive as a Credit Risk Associate, you need strong analytical skills, financial acumen, and a degree in finance, economics, or a related field. Familiarity with financial modeling tools, risk assessment software, and proficiency in Excel or SQL are typically required. Attention to detail, effective communication, and problem-solving abilities help professionals stand out in this position. These skills are crucial for evaluating creditworthiness, mitigating risk, and supporting sound lending decisions in financial institutions.
What are popular job titles related to Credit Risk Associate Salary jobs in Minnesota? For Credit Risk Associate Salary jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Credit Risk Associate Salary jobs in Minnesota look for? The top searched job categories for Credit Risk Associate Salary jobs in Minnesota are:
What cities in Minnesota are hiring for Credit Risk Associate Salary jobs? Cities in Minnesota with the most Credit Risk Associate Salary job openings:
Credit Risk Associate Salary jobs near you

Credit Review Specialist - Portland or Minneapolis

US Bank

Minneapolis, MN • On-site

$30.29 - $40.38/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago

U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 360 frontline employees who took The Breakroom Quiz

51st of 170 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description
Responsible for conducting credit analyses including gathering, analyzing and interpreting all types of credit information on existing and prospective customers and portfolios. The data collected may include credit reports, industry research, and tax returns. Inputs the data gathered into tracking and/or reporting computer systems and/or databases. Prepares and presents credit reports to person(s) responsible for making lending decisions on new, renewal and extension loans. In some areas, this position may make credit decisions in a high-volume production environment. Monitors customer accounts and/or loan portfolios in order to identify potential issues and thereby maximize credit quality and minimize the company's credit risk and potential loss. Sets up and maintains databases used to analyze accounts and/or portfolios. Prepares and presents credit reports to person(s) responsible for maintaining control over the credit standings of individual accounts and portfolios. Generally furnishes information relative to credit inquiries to appropriate parties.
Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically three or more years of related experience
Preferred Skills/Experience
- Well-developed credit analysis and analytical skills
- Thorough knowledge of credit administration, policy and procedures
- Thorough knowledge of economics, accounting, and finance
- Good knowledge of risk analysis
- Effective technical report writing skills
- Effective verbal and written communication skills

Location expectations

This role requires working from a U.S. Bank location three (3) or more days per week

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $30.29 - $40.38

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

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Hours and flexibility

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

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