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Credit Risk Associate Jobs in New York (NOW HIRING)

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Credit Risk Associate information

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$54.7K

$119.6K

$200.2K

How much do credit risk associate jobs pay per year?

As of Sep 6, 2026, the average yearly pay for credit risk associate in New York is $119,593.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,100.00 and $155,400.00 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 York?

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

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

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

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

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

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

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

Credit Risk Associate jobs near you
Infographic showing various Credit Risk Associate job openings in New York as of August 2026, with employment types broken down into 1% As Needed, 70% Full Time, 27% Part Time, 1% Temporary, and 1% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $119,593 per year, or $57.5 per hour.

Associate, Counterparty Credit Risk Modeling

Sumitomo Mitsui Financial Group, Inc.

Manhattan, NY • On-site

$95K - $140K/yr

Full-time

Posted 19 days ago

Job description

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $95,000.00 and $140,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
We are seeking a highly motivated and detail-oriented Associate to join the Counterparty Credit Risk (CCR) Analytics team. This role will lead model ongoing monitoring, BAU support, and ad-hoc analyses, while driving enhancements in data quality, model calibration and production controls. This role will also support the development and continuous enhancement of CCR models. This role offers substantial opportunities to gain hands-on experience with the CCR analytics framework, derivatives and SFT valuation methodologies, and broader enterprise risk management practices. This role requires a strong quantitative and analytical background and ability to develop effective modeling solutions to complex business problems.
Key Responsibilities
  • Assist in the development and enhancement of PFE methodologies for both existing and new products.
  • Perform model calibration and ongoing monitoring activities, including root-cause analysis of breaches and the development of remediation actions.
  • Perform BAU support and ad-hoc analyses to investigate production issues, partnering with IT to implement remediation solutions.
  • Participate in UAT and collaborate with IT and data teams to support new business initiatives and system enhancements.
  • Work closely with model validation group on model changes and remediation efforts to address validation findings.
  • Partner with risk officers, risk reporting and other stakeholders to enhance the overall CCR framework and strengthen risk management practices.

Qualifications
  • PhD or Master's degree in Financial Engineering, Mathematics, Computer Science, Statistics, or a related quantitative field. Professional certifications (e.g. CFA, FRM) are a plus.
  • 2-5 years of experience in counterparty credit risk, xVA or market risk modeling.
  • Knowledge of capital markets, derivatives products, SFT products, and related valuation methodologies.
  • Strong understanding of CCR concepts (PFE, EPE, collateral, netting) and regulatory requirements.
  • Strong analytical, problem-solving and communication skills.
  • Proficiency in statistical programming languages (e.g. Python, SQL), and data visualization tools (e.g. Power BI) etc.
  • Ability to manage multiple priorities and work effectively in a fast-paced and collaborative environment.

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

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