ZipRecruiter

Log In

1

Credit Risk Associate Jobs in New Jersey (NOW HIRING)

First Citizens Bank

Credit Admin Advisor

Morristown, NJ · On-site

$135K - $145K/yr

Risk Management - Assess credit administration risks and develop strategies to mitigate potential ... Acts as a resource to management and other associates, including production of documentation ...

First Citizens Bank

Credit Admin Advisor

Trenton, NJ · On-site

$135K - $145K/yr

Risk Management - Assess credit administration risks and develop strategies to mitigate potential ... Acts as a resource to management and other associates, including production of documentation ...

First Citizens Bank

Credit Admin Advisor

Morristown, NJ · On-site

$135K - $145K/yr

Risk Management - Assess credit administration risks and develop strategies to mitigate potential ... Acts as a resource to management and other associates, including production of documentation ...

First Citizens Bank

Credit Admin Advisor

Morristown, NJ · On-site

$135K - $145K/yr

Risk Management - Assess credit administration risks and develop strategies to mitigate potential ... Acts as a resource to management and other associates, including production of documentation ...

First Citizens Bank

Credit Admin Advisor

Trenton, NJ · On-site

$135K - $145K/yr

Risk Management - Assess credit administration risks and develop strategies to mitigate potential ... Acts as a resource to management and other associates, including production of documentation ...

DTCC

Market Risk Associate

Jersey City, NJ · On-site

Collaborates with cross functional teams including Counterparty Credit Risk, Liquidity Risk, Operations, Quantitative Risk, Relationship Management to bolster risk management practices. * Educate ...

First Citizens Bank

$135K - $145K/yr

Risk Management - Assess credit administration risks and develop strategies to mitigate potential ... Acts as a resource to management and other associates, including production of documentation ...

First Citizens Bank

$135K - $145K/yr

Risk Management - Assess credit administration risks and develop strategies to mitigate potential ... Acts as a resource to management and other associates, including production of documentation ...

next page

Showing results 1-20

All JobsCredit Risk Associate JobsCredit Risk Associate Jobs in New Jersey

Credit Risk Associate information

See New Jersey salary details

$50.8K

$111K

$185.8K

How much do credit risk associate jobs pay per year?

As of Aug 28, 2026, the average yearly pay for credit risk associate in New Jersey is $110,980.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,100.00 and $144,200.00 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 New Jersey?

The most popular types of Credit Risk jobs in New Jersey are:

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

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

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

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

What cities in New Jersey are hiring for Credit Risk Associate jobs?

Cities in New Jersey with the most Credit Risk Associate job openings:

Credit Risk Associate jobs near you
Infographic showing various Credit Risk Associate job openings in New Jersey as of August 2026, with employment types broken down into 100% Full Time. Highlights an 83% In-person, and 17% Hybrid job distribution, with an average salary of $110,980 per year, or $53.4 per hour.

Wholesale Credit Quantitative Research - Senior Associate

JPMorgan Chase & Co.

Jersey City, NJ • On-site

$140 - $210/hr

Other

Re-posted 5 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 497 frontline employees who took The Breakroom Quiz

71st of 172 rated banks

Job description

Help strengthen how we measure and manage risk in cleared derivatives. You will build quantitative models and tools that assess central counterparty margin adequacy and support counterparty credit risk management. Working with partners across controls and technology, you will take research into practical, production-ready solutions. Your work will directly inform risk frameworks and governance.

Job summary

As a Quantitative Research Senior Associate in Wholesale Credit Risk Quantitative Research, you will develop models and tools that assess central counterparty margin adequacy and support counterparty credit risk management for cleared derivatives. You will collaborate with a team that values strong partnerships, thoughtful analysis, and clear communication. You will work closely with risk governance and control partners to support a well-managed model lifecycle. You will engage technology partners to help deliver scalable, production-ready solutions.

Job responsibilities
  • Develop expertise in quantitative topics related to central counterparties and cleared derivatives
  • Create models and tools to assess the adequacy of margin requirements for cleared derivatives
  • Develop and enhance models and toolsets that evaluate the effectiveness of counterparty risk frameworks
  • Build statistical models and analytics to assess and manage counterparty credit risk
  • Partner with risk governance and control teams to support model oversight and ongoing reviews
  • Collaborate with technology partners to implement, test, and deploy production-ready models and tools
  • Document assumptions, methodologies, and limitations clearly to support transparency and re-use

  • Communicate findings and recommendations in a clear, logical way to technical and non-technical stakeholders

Required qualifications, capabilities, and skills
  • Doctorate or master’s degree (or equivalent) in financial engineering, operations research, statistics, mathematics, computer science, economics, or a related field
  • 3 years of experience in quantitative research, quantitative strategy, or a closely related quantitative role
  • Proficiency in Python for model development and data analysis
  • Strong understanding of cleared derivatives and risk management methodologies, including value at risk and stress testing, across asset classes
  • Excellent verbal and written communication skills, with the ability to articulate analysis clearly and logically
  • Demonstrated attention to detail and the ability to deliver across multiple time-sensitive timelines
  • Strong risk and control mindset and a track record of effective cross-team partnership
Preferred qualifications, capabilities, and skills
  • Proficiency in R in addition to Python
  • Experience assessing central counterparty margin methodologies and margin adequacy
  • Experience developing or enhancing counterparty credit risk models for derivatives
  • Experience deploying analytical models into production environments in partnership with engineersFamiliarity with model governance expectations, documentation, and ongoing monitoring practices
  • Experience working with cleared products across multiple asset classes
#J-18808-Ljbffr

What JPMorgan Chase & Co. employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply