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Credit Risk Associate Salary Jobs (NOW HIRING)

BMO Financial Group

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and ... Salaries will vary based on factors such as location, skills, experience, education, and ...

BMO Financial Group

Credit Risk Reviewer

Milwaukee, WI · Hybrid

$74K - $138K/yr

Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and ... Salaries will vary based on factors such as location, skills, experience, education, and ...

Bank of Montreal

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk ... Salaries will vary based on factors such as location, skills, experience, education, and ...

Bank of Montreal

Credit Risk Reviewer

Chicago, IL · On-site

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk ... Salaries will vary based on factors such as location, skills, experience, education, and ...

BMO Financial

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk ... Salaries will vary based on factors such as location, skills, experience, education, and ...

BMO Capital Markets

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk ... Salaries will vary based on factors such as location, skills, experience, education, and ...

BMO Capital Markets

Credit Risk Reviewer

Milwaukee, WI · Hybrid

$74K - $138K/yr

Audit, Risk & Compliance Conducts independent examinations of credits and portfolios to ensure risk ... Salaries will vary based on factors such as location, skills, experience, education, and ...

Bmo

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Credit Risk Review Manager Conducts independent examinations of credits and portfolios to ensure ... Salaries will vary based on factors such as location, skills, experience, education, and ...

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Credit Risk Associate Salary information

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$50K

$109.3K

$183K

How much do credit risk associate salary jobs pay per year?

As of May 31, 2026, the average yearly pay for credit risk associate salary in the United States is $109,314.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,000.00 and $142,000.00 per year, depending on experience, location, and employer.

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 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 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.

More about Credit Risk Associate Salary jobs
What cities are hiring for Credit Risk Associate Salary jobs? Cities with the most Credit Risk Associate Salary job openings:
What states have the most Credit Risk Associate Salary jobs? States with the most job openings for Credit Risk Associate Salary jobs include:
What job categories do people searching Credit Risk Associate Salary jobs look for? The top searched job categories for Credit Risk Associate Salary jobs are:
Credit Risk Associate Salary jobs near you
Infographic showing various Credit Risk Associate Salary job openings in the United States as of May 2026, with employment types broken down into 1% As Needed, 88% Full Time, 6% Part Time, 1% Temporary, 3% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $109,314 per year, or $52.6 per hour.
Business Analyst - Credit Risk (Associate)

Business Analyst - Credit Risk (Associate)

Jefferies

Manhattan, NY • On-site

$110/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 17 days ago

Job description

Overview

The Global Credit Risk COO team is seeking a highly analytical, detailoriented, and motivated business analyst to support strategic initiatives across the Global Credit Risk organization. This role sits at the intersection of risk, data, governance, and business/technology strategy, providing broad exposure across the firm.

This is not a credit officer role; instead, it focuses on the functions that enable and strengthen Credit Risk, such as data analytics, policy governance, business management, and crossfunctional project delivery. Candidates with strong capital markets experience can be trained in Credit Risk concepts.

This position offers significant visibility, with materials frequently reviewed by senior leadership and used in regulatory submissions.

Key Responsibilities

1. Risk Reporting & Management Analytics

  • Produce standardized and adhoc analytics covering exposures, counterparties, concentrations, countries, issuers, and portfolios.
  • Interpret, distill, and present data insights for Senior Management, highlighting key trends and emerging risks.
  • Partner with Operations, Technology, and Analytics teams to ensure data completeness, accuracy, and timely delivery.
  • Support data investigations, source-to-target analysis, and metric validation.

2. Policy, Governance & Audit Support

  • Own and maintain Credit Risk policies, procedures, standards, and control documentation.
  • Support rating model governance, including documentation, validation processes, and periodic reviews.
  • Coordinate Credit Committee processes and assist with minutes and supporting materials.
  • Manage the global credit review calendar and ensure timely execution.
  • Prepare materials for internal Audit, external regulators, and senior executives.
  • Ensure compliance with internal governance frameworks and operational risk standards.

3. Business Analysis, Project Management & Process Enhancement

  • Lead or support global technology and workflow initiatives (system migrations, workflow tool enhancements, process automation).
  • Capture business requirements and develop wellstructured Business Requirements Documents (BRDs).
  • Create and maintain current and futurestate process maps, technical workflow diagrams, and procedural documentation (MS Visio).
  • Perform UAT, coordinate testing cycles, and partner with Technology to resolve issues across QA and production environments.
  • Assist in project planning, presentations, status reporting, and milestone tracking.
  • Identify process inefficiencies and recommend improvements across data, workflow, and governance functions.
  • Act as a key liaison between Credit Risk, Technology, Operations, and other partner teams.

4. Business Management

  • Support departmental planning, reporting, resourcing, and operational oversight activities.
  • Partner with senior leadership on crossdepartmental initiatives, including regulatory deliverables and strategic COO priorities.
  • Contribute to management presentations, business updates, and organizational communications.

Qualifications

  • 3+ years of experience in Counterparty Credit Risk, capital markets, risk management, COO/business management, or related financial services roles.
  • Bachelor's degree required; Master's preferred.
  • Strong understanding of capital markets (Fixed Income, FX, Equities, Securities Financing); knowledge of Credit Risk can be developed on the job.
  • Proven ability to analyze, manipulate, and summarize large and complex datasets.
  • Excellent organizational and documentation skills; able to manage multiple assignments with tight deadlines.
  • Strong written and verbal communication skills with experience engaging senior stakeholders.
  • Advanced proficiency in Excel, PowerPoint, and Visio.
  • Programming experience in VBA or Python is a strong plus.
  • Experience with business analysis, requirements gathering, or project management is preferred.

  • Ability to quickly learn new systems, processes, and risk concepts.

    New York, NY Full Time Salary Range of $110.000-130,000. 

#LI-DNI

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.

The salary offered will take into consideration an individual's experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.


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