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Credit Risk Associate Jobs in Massachusetts (NOW HIRING)

Bank of America

Senior Credit Manager

Boston, MA · On-site

The CCM oversees appropriate execution and approval of credit solutions while optimizing risk and ... This position has responsibilities for managing associates. At Bank of America, all managers at ...

Bank of America

Credit UW I-II

Boston, MA

$70K - $135K/yr

Leads the credit analysis process with the support of other analysts and associates * Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and ...

Bank of America

Credit UW I-II

Boston, MA · On-site

$70K - $135K/yr

Leads the credit analysis process with the support of other analysts and associates * Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and ...

Bank of America

Credit UW I-II

Boston, MA

Leads the credit analysis process with the support of other analysts and associates * Partners with Credit Officers, Relationship Management, and Risk teammates to understand structuring needs and ...

Freedom Credit Union

Fraud Analyst

Springfield, MA · On-site

$24.17 - $36.26/hr

Effectively collaborate with all Credit Union departments. This position is also a back-up to other ... Investigate assigned work queues to determine risk potential based on established fraud trends and ...

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All JobsCredit Risk Associate JobsCredit Risk Associate Jobs in Massachusetts

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 Jun 9, 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 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.

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.

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 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
Commercial Credit Officer

Commercial Credit Officer

Monson Savings Bank

Wilbraham, MA • Hybrid

$90K - $115K/yr

Other

Medical, Dental, Retirement, PTO

Posted 10 days ago

Job description

Are you a seasoned commercial credit professional who thrives on analyzing complex financial structures, managing developing talent, and influencing high‑level credit decisions? Monson Savings Bank is seeking an accomplished Commercial Credit Officer to join our Commercial Lending team and contribute to maintaining the financial integrity of our commercial portfolio. The Commercial Credit Officer will play a central role in shaping credit quality and underwriting excellence.

Some of the position responsibilities include

  • Serve as a subject‑matter expert for underwriting complex commercial real estate and commercial and industrial loan transactions.
  • Analyze intricate financial statements, cash flows, market factors, and borrower performance to assess creditworthiness and risk.
  • Provide training, development and direction to the Sr. Commercial Credit Analyst.
  • Prepare clear, objective credit analyses for lending officers, senior management, and Board‑level discussions.
  • Assist with loan review exams, regulatory audits, and appraisal management processes.
  • Perform ongoing credit monitoring, including covenant testing, trend analysis, and annual reviews.
  • Support the development and enhancement of credit policies, procedures, and models.
  • Collaborate with lenders and may accompany them on business calls to strengthen customer relationships.
  • Participate in presentations before the Board of Investment as needed.

This role is ideal for a commercial credit professional who enjoys both analytical depth and strategic involvement.

This Exempt, Full-time position works within the Loan & Operations Center located at 75 Post Office Park, Wilbraham, MA, with potential for future hybrid/remote work option. Regular in-office presence is required.

Salary Range: $90,000 - $115,000

We’re looking for a business professional with:

  • Bachelor’s degree in finance, accounting, business, or related field.
  • Minimum 7 years of experience in credit analysis, underwriting, or credit review.
  • Advanced knowledge of Commercial & Industrial underwriting.
  • Strong command of accounting, financial analysis, economic trends, and risk assessment.
  • Proven supervisory/leadership experience.
  • Excellent written and verbal communication skills, including the ability to produce high‑quality technical reports.
  • Proficiency with Microsoft Office, including advanced Excel skills.
  • A collaborative approach, strong organization skills, and the ability to manage multiple priorities.
  • A commitment to confidentiality, regulatory compliance, and professional integrity.

Benefits of working for a local community bank include paid time off, 401(k) with company match, suite of insurance benefits including medical, dental and more! This is a great opportunity to join a successful, local bank that has a rich history of investing in employees and local communities for more than 150 years!

Monson Savings Bank is an Equal Opportunity Employer to all protected groups, including protected veterans and individuals with disabilities.

Reasonable accommodation may be made to enable qualified individuals with disabilities to perform the essential position functions.

Join our growing and dynamic team! We are a successful community bank dedicated to our customers, associates and communities!

Apply