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Credit Risk Associate Jobs in Boston, MA (NOW HIRING)

RightWorks Inc

Private Credit Associate

Boston, MA

... risk-return profile vis-a-via traditional private credit. Examples of credit areas in which our ... We are seeking an associate to amplify the sourcing, underwriting, origination, and surveillance ...

Bank of America

Senior Credit Manager

Boston, MA

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

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

Senior Credit Manager

Boston, MA

This position has responsibilities for managing associates. At Bank of America, all managers at ... Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely ...

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 ...

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Credit Risk Associate information

See Boston, MA salary details

$54.3K

$118.8K

$198.8K

How much do credit risk associate jobs pay per year?

As of May 30, 2026, the average yearly pay for credit risk associate in Boston, MA is $118,759.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,500.00 and $154,300.00 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 Boston, MA? The most popular types of Credit Risk jobs in Boston, MA are:
What are popular job titles related to Credit Risk Associate jobs in Boston, MA? For Credit Risk Associate jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Credit Risk Associate jobs in Boston, MA look for? The top searched job categories for Credit Risk Associate jobs in Boston, MA are:
Credit Risk Associate jobs near you
Infographic showing various Credit Risk Associate job openings in Boston, MA as of May 2026, with employment types broken down into 69% Full Time, and 31% Part Time. Highlights an 67% In-person, and 33% Hybrid job distribution, with an average salary of $118,759 per year, or $57.1 per hour.
Credit Analyst: Non-Profit Lending Specialist I

Credit Analyst: Non-Profit Lending Specialist I

First Citizens Bank

Boston, MA • On-site

$95K - $125K/yr

Full-time

This job post has expired today. Applications are no longer accepted.

First Citizens Bank rating

7.6

Company rating: 7.6 out of 10

Based on 102 frontline employees who took The Breakroom Quiz

80th of 141 rated banks

Job description

Overview
This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office.
Join First Citizens Bank and be part of a team dedicated to helping clients build stronger financial futures. From banking and lending to investments, insurance, and wealth planning, the First Citizens Wealth team provides comprehensive solutions backed by trusted expertise. Here, your work helps power meaningful progress for the clients and communities we serve.
This position provides essential analytical analysis support to efficiently evaluate the creditworthiness of current and prospective commercial borrowers, with specific focus on not for profit organizations. Also performs various administrative duties to support the Bank's ongoing credit and risk management functions. Strong writing skills and possesses prior accounting, financial analysis or commercial lending credit analysis background. Good organizational skills and ability to multi-task are essential.
Responsibilities
  • Portfolio Management - Prepare timely and insightful financial analysis and credit underwriting for a diverse, highly complex and sophisticated loan portfolio of not-for-profit organizations. Conduct ongoing credit risk rating risk reviews of existing portfolio on a minimum annual basis. Accurately assess the financial position of not or profit clients to support the Bank's credit decisions on credit exposure of varying size, up to its lending limits. This includes consistent monitoring of loan covenants, providing recommendations to credit and lending management on whether to approve or renew loans, modify terms of existing loans, maintain or change risk ratings of existing loans, and otherwise suggesting the appropriate credit action. Assess and prepare criticized loan status report.
  • Financial analysis and credit underwriting - Perform thorough and concise pre-screening of new commercial loan requests in the not-for-profit sector through the identification of risks and mitigants by reviewing and analyzing the prospective borrowers' financial statements, including but not limited to income statements, cash flow statements, balance sheets, tax returns, real estate appraisal reports, environmental assessment reports and other loan repayment reports such as fundraising pledge reports. Prepare sensitivity analyses, pro forma cash flows, and assessments of collateral. Conduct analysis of the market and industry dynamics affecting the borrower especially as it relates to competition, State/Federal government funding and guarantees as well as other factors that may affect revenue or expenses. Assist with the preparation of pre-flight concept memos. Prepare credit memorandums for final credit approval.
  • Loan closing and post approval loan documentation and booking support - Review approval conditions vis-a-vis the loan documentations for existing loans to ensure integrity of the credit process. Interface with Bank's loan operations department in the drawing of loan documentation, loan closing and booking.
  • Compliance - Stay current on banking regulations and audit, regulatory and compliance requirements.

Qualifications
Bachelor's Degree and 4 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting OR High School Diploma or GED and 8 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting
Preferred Area of Experience: Lending to non-profit organizationsLicense or Certification Type: Successful completion of a formal credit or financial analyst training program PreferredSkill(s): Working knowledge with financial statement software such as Moody's CreditLens.
The base pay for this position is generally between $95,000 and $125,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.
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