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Credit Risk Associate Jobs in Maine (NOW HIRING)

Rsli

LTD Claims Examiner II

South Portland, ME · On-site

$52.45K - $65.57K/yr

Utilizes appropriate medical and risk resources, adhering to referral polices, and transferring ... Associates degree in Business, Finance, Social Work, or Human Resources preferred. Level I LOMA ...

Fisher Auto Parts

Counter Sales - PORTLAND, ME

Portland, ME · On-site

$16.75 - $21.50/hr

Ensuring that an atmosphere of safety and respect for associates and customers exists in our stores ... credit systems; * Ability to provide high levels of customer service; Working knowledge of ...

Fisher Auto Parts

Counter Sales - PORTLAND, ME

Portland, ME · On-site

$16.75 - $21.50/hr

Ensuring that an atmosphere of safety and respect for associates and customers exists in our stores ... credit systems; * Ability to provide high levels of customer service; Working knowledge of ...

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Credit Risk Associate information

See Maine salary details

$48.4K

$105.8K

$177.2K

How much do credit risk associate jobs pay per year?

As of May 31, 2026, the average yearly pay for credit risk associate in Maine is $105,838.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,600.00 and $137,500.00 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, attention to detail, and a solid understanding of financial statements, typically backed by a degree in finance, economics, or a related field. Familiarity with risk assessment software, credit modeling tools, and proficiency in Excel or similar data analysis programs are essential technical requirements. Strong communication, problem-solving abilities, and sound judgment help you effectively collaborate with stakeholders and make informed recommendations. These skills and qualities are crucial for accurately assessing creditworthiness and minimizing financial risk for the organization.

How does a Credit Risk Associate typically collaborate with other teams within a financial institution?

Credit Risk Associates work closely with various departments, including front-office lending teams, compliance, and portfolio management. They regularly communicate with relationship managers to gather client information, and partner with data analysts to assess credit models and risk metrics. This collaborative environment ensures that credit decisions are well-informed and compliant with internal policies. Being proactive and communicative is key, as the role often requires balancing risk assessment with business growth objectives.

What does a Credit Risk Associate do?

A Credit Risk Associate is responsible for assessing and managing the risk that a borrower may default on a loan or credit obligation. They analyze financial statements, credit reports, and market data to evaluate the creditworthiness of individuals or companies. Their work helps financial institutions make informed lending decisions, set appropriate credit limits, and comply with regulatory requirements. Credit Risk Associates also monitor existing credit exposures and may recommend strategies to mitigate potential losses.

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

AspectCredit Risk AssociateCredit Analyst
Required CredentialsBachelor's degree, relevant certifications often preferredBachelor's degree, certifications like CFA or credit-specific courses beneficial
Work EnvironmentFinancial institutions, banks, credit agenciesBanks, investment firms, credit rating agencies
Employer & Industry UsageCommonly used in risk management teamsUsed in credit assessment and lending decisions
Comparison Search IntentUnderstanding risk roles in creditAnalyzing creditworthiness of clients

Both roles involve assessing credit-related information, but Credit Risk Associates focus on managing overall risk exposure, while Credit Analysts evaluate individual creditworthiness. The roles often overlap in skills and industry settings, making them closely related but distinct in scope.

What are the most commonly searched types of Credit Risk jobs in Maine? The most popular types of Credit Risk jobs in Maine are:
What are popular job titles related to Credit Risk Associate jobs in Maine? For Credit Risk Associate jobs in Maine, the most frequently searched job titles are:
What job categories do people searching Credit Risk Associate jobs in Maine look for? The top searched job categories for Credit Risk Associate jobs in Maine are:
What cities in Maine are hiring for Credit Risk Associate jobs? Cities in Maine with the most Credit Risk Associate job openings:
Credit Risk Associate jobs near you
CRA Mortgage Originator- Business Development Officer

CRA Mortgage Originator- Business Development Officer

M&T Bank

Portland, ME • On-site

$26 - $43.34/hr

Full-time

Posted 2 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 179 frontline employees who took The Breakroom Quiz

66th of 141 rated banks

Job description

Overview:
Originate mortgage applications within low-to-moderate income neighborhoods and to low-to-moderate income borrowers. Participate in Community Reinvestment Act (CRA) related activities and functions within M&T community bank regions. Must adhere to the requirements of federal registration under the SAFE Act.
Primary Responsibilities:
  • Works independently to cultivate new mortgage business.
  • Markets, services and promotes the bank's mortgage products.
  • May be required to travel to and work at prospective customers' homes or business locations. Follows-up on potential customers via travel or telephone.
  • Follows-up on potential customers via travel or telephone.
  • Market bank wide proprietary CRA products, e.g., Get Started, with Retail Bank Network as well as outside organizations such as real estate firms, housing agencies, etc.
  • Market agency related products (FHA, VA, etc.) to low-to-moderate income borrowers and in low-to-moderate income neighborhoods.Interviews applicants to collect and analyze information regarding their income, assets, debts and credit data as well as their needs, desires, and earnings to assist in determining whether the loan will be an acceptable risk; obtains and analyzes pertinent financial and credit data.
  • Independently assesses applicant's credit worthiness.
  • Has authority to issue pre-qualification statement of borrowers' eligibility.
  • Determines which products best meet the customer's needs and financial circumstances and advises potential borrowers regarding the advantages and disadvantages of different financial products and the most appropriate mortgage loan programs.
  • Makes recommendations to customers regarding other bank products or to alternative lending vehicles, as needed.Negotiates terms and conditions of loans with mortgagors.
  • Has authority to bind the bank in connection therewith.Ensures lending compliance with all origination procedures including bank policies and procedures and regulatory requirements.
  • Advises management on effective compliance strategies and potential modifications to corporate operating policies where appropriate to ensure ongoing regulatory compliance.
  • Interact with various housing agencies and governmental entities focused on CRA initiatives.
  • Stay informed of industry regulations and governmental requirements as they relate to CRA housing needs.Meet with potential customers to ascertain financial needs as they may relate to CRA guidelines, first time homebuyer guidelines and mortgage opportunities that lie therein.
  • Represents the bank in the community and related functions to identify, develop and promote additional business.
  • May present seminars to general public and real estate agents to promote additional business and community outreach.

Scope of Responsibilities:
Facilitates the bank's need to meet its CRA responsibilities with the federal regulators and the citizens of the community bank regions. Relationships will forge with local housing agencies and groups which specialize in CRA outreach programs.
The incumbent is required to travel extensively with limited supervision.
The position requires extensive external contacts (potential and existing customers, Realtors, etc.) primarily on sales calls outside the office, as well as internal contacts (other Bank personnel).
Will interact with individuals and teams internally and within the assigned community, developing new relationships and maintaining existing relationships.
Responsible for establishing and maintaining federal registration requirements outlined in the SAFE Act.
Supervisory/ Managerial Responsibilities:
None.
Education and Experience Required:
Associates degree and 2 years sales experience,
OR in lieu of a degree,
A combined minimum of 4 years higher education and/or relevant work experience, including a minimum of 2 years sales experience.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $26.00 - $43.34 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Portland, Maine, United States of America

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