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Credit Risk Associate Jobs in Massachusetts (NOW HIRING)

Berkshire Bank

Commercial Credit Associate

Burlington, MA · On-site

$52K - $90K/yr

The Credit Associate provides support for the deal team in analysis, approval, and execution. Key ... Ensure risk rating accuracy and compliance with Credit Policy * Monitors the financial performance ...

Arise Financial

Consumer Underwriter III

Canton, MA · On-site

$34.65 - $36.95/hr

Evaluate loan structure and overall credit risk while balancing member needs, portfolio quality ... High school diploma or equivalent required; associate or bachelor's degree in Business, Finance, or ...

Santander

Senior Workout Officer - Remote

Boston, MA · Remote

NY * Presentation Skills * 9+ Years in Financial Industry The Senior Associate, Workout leverages ... Communicates recommendations and credit risk management processes to management that strengthens ...

BofA Securities

Senior Credit Manager

Boston, MA · On-site

Inspects and challenges risk controls, governance and culture to ensure the timely identification ... This position may also have responsibilities for managing associates. At Bank of America, all ...

Fidelity Investments

Credit Research Analyst

Boston, MA · On-site

$110K - $222K/yr

CEOs, CFOs, Treasurers, risk officers, and other business leaders) as an integral part of the ... Bachelor's degree required; MBA, CFA, or Associate/Fellow of the Society of Actuaries preferred

Fidelity Investments

Credit Research Analyst

Boston, MA · On-site

$110K - $222K/yr

CEOs, CFOs, Treasurers, risk officers, and other business leaders) as an integral part of the ... Bachelor's degree required; MBA, CFA, or Associate/Fellow of the Society of Actuaries preferred

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Credit Risk Associate information

See Massachusetts salary details

$54.6K

$119.4K

$199.9K

How much do credit risk associate jobs pay per year?

As of Sep 10, 2026, the average yearly pay for credit risk associate in Massachusetts is $119,385.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,900.00 and $155,100.00 per year, depending on experience, location, and employer.

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 skills and qualifications are needed to thrive as a credit risk associate?

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 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 Massachusetts?

The most popular types of Credit Risk jobs in Massachusetts are:

What are popular job titles related to Credit Risk Associate jobs in Massachusetts?

For Credit Risk Associate jobs in Massachusetts, the most frequently searched job titles are:

What job categories do people searching Credit Risk Associate jobs in Massachusetts look for?

The top searched job categories for Credit Risk Associate jobs in Massachusetts are:

What cities in Massachusetts are hiring for Credit Risk Associate jobs?

Cities in Massachusetts with the most Credit Risk Associate job openings:

Credit Risk Associate jobs near you
Infographic showing various Credit Risk Associate job openings in Massachusetts as of August 2026, with employment types broken down into 1% As Needed, 66% Full Time, 28% Part Time, 2% Temporary, 2% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $119,385 per year, or $57.4 per hour.

Commercial Credit Associate

Burlington, MA • On-site

Berkshire Bank
See more jobs at Berkshire Bankexternal

$52K - $90K/yr

Full-time

Posted 6 days ago

Berkshire Bank rating

6.7

Company rating: 6.7 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

Job description

Division: Commercial
Department: ABL - Credit & PM
Reports to: Head of Portfolio & Credit Administration
FLSA: Exempt
Grade: 9E
Pay Range: $52,000-$90,498
Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Burlington, MA
Purpose/Objective:
Perform financial analysis and prepare underwriting documents to support and make recommendations for complex multimillion-dollar commercial credit requests and vendor arrangements. The Credit Associate provides support for the deal team in analysis, approval, and execution.
Key Accountabilities:
  • Accountable for underwriting all business opportunities.
  • Communicates and maintains active dialogue with both the Relationship Manager and Client.
  • Reviews financial statements, projection models and all other relevant financial and non- financial data to develop a concise focused analytical foundation for a credit decision.
  • Prepares thorough credit underwriting identifying industry concerns, market share trends, financial trends, and other pertinent underwriting issues to present to the approving Credit Officer or Loan Committee.
  • Ensures underwriting and structuring decisions reflect commitment to strong asset quality.
  • Prepares analysis and write-ups for amendments, consents, and waivers to existing credit documentation.
  • Conducts periodic site visits with the Relationship Manager to assess management and business conditions.
  • Attends bank meetings when applicable.
  • Ensure risk rating accuracy and compliance with Credit Policy
  • Monitors the financial performance of portfolio companies to include ongoing covenant compliance and annual reviews.
  • Assumes additional responsibilities and duties as necessary to ensure department objectives are met. May manage the distribution and taking of minutes for Executive Loan Committee.
  • Coordinates with both the Relationship and Portfolio Managers in making recommendation regarding the extension of credit to new and existing commercial clients. In addition, works closely with both the Relationship and Portfolio Managers on making recommendations on business relationships with commercial clients.
  • Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one's duties.

Education:
  • Undergraduate degree in Business, Accounting, Finance, or Economics preferred

Experience:
  • Advanced Degree or 3+ years of commercial loan experience or general banking experience with preference for working on middle market, ABL, and commercial real estate transactions

Skills & Knowledge:
  • Strong analytical skills and knowledge of both financial and managerial accounting.
  • Effective verbal and written communication skills.

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.

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