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Credit Risk Associate Jobs in Downingtown, PA (NOW HIRING)

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Credit Risk Associate information

See Downingtown, PA salary details

$51.8K

$113.3K

$189.8K

How much do credit risk associate jobs pay per year?

As of Aug 13, 2026, the average yearly pay for credit risk associate in Downingtown, PA is $113,348.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,800.00 and $147,200.00 per year, depending on experience, location, and employer.

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.

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 Downingtown, PA? The most popular types of Credit Risk jobs in Downingtown, PA are:
What cities near Downingtown, PA are hiring for Credit Risk Associate jobs? Cities near Downingtown, PA with the most Credit Risk Associate job openings:
Credit Risk Associate jobs near you
Infographic showing various Credit Risk Associate job openings in Downingtown, PA as of August 2026, with employment types broken down into 1% As Needed, 75% Full Time, 22% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $113,348 per year, or $54.5 per hour.

Senior Associate, Credit Risk Analytics

Sallie Mae

Newark, DE • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 15 days ago

Sallie Mae rating

7.6

Company rating: 7.6 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

When you join Sallie Mae, you become a champion for all students.
We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.
Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way.
We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students-and for each other.
This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work.
Feeling your best allows you to do your best. Our benefits take care of the whole you-from physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.
We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills.
Come do more than join something, change something. For students, for future generations, for the future of education.
What You'll Contribute:
The Sr. Associate, Credit Risk Analytics role is a key position within Sallie Mae's 2nd Line of Defense Credit Risk team. This position is responsible for performing the analytical review of credit risk related to underwriting, portfolio management, and loss mitigation processes. The Sr. Associate role also provides design and monitoring for the credit risk oversight framework including development of credit risk appetite, risk metrics thresholds, and limits. This position executes analytical techniques to provide insights into portfolio credit quality at segment level and assessment of emerging risks. Additionally, the position will collaborate regularly with business partners and regulators during portfolio exams as part of the credit review and challenge process.
What You'll Do:
Risk analytics & reporting
  • Supports 2nd Line of Defense analytical review of credit risk across the entire credit life cycle.
  • Evaluates risk impact of strategy changes, environmental changes, and related layered risk.
  • Provides analytical support, deep diving into emerging credit trends and performing ad-hoc credit reporting. Provides narratives of observations and preparation of presentation materials.
  • Design and develop Power BI dashboards to meet the reporting needs of the risk organization, encompassing areas such as operational risk, financial crimes risk, technology and cyber risk, enterprise risk, business controls, and compliance.
  • Develop and optimize advanced Python scripts and SQL queries for data extraction and manipulation.
  • Collaborate with stakeholders to understand analytic needs and reporting requirements and translate them into technical specifications.
  • Ensure data integrity and accuracy in risk reporting processes.
  • Assist in the continuous improvement of reporting workflows and methodologies.

Portfolio monitoring and risk limit setting
  • Uses analytical techniques to provide insights into portfolio credit quality at segment level and assessment of emerging risk.
  • Communicates findings and recommended enhancements to business partners and review remediation.

Credit components (Data, Tools and Counterparty)
  • Develops monitoring for credit decision processes based on aggregation of component (models used in credit decisions, alt-data and other tools) risk and complexity.
  • Designs and supports business cycle and credit impact assessments.

Credit Review and Challenge
  • Manages documentation, process, and standards for compliance with credit risk policy requirements.
  • Assists in the compilation of the quarterly Chief Credit Risk Officer submissions.
  • Documents and communicate results to senior leadership.

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.
What You Have:
Minimum Education, Skills and Experience Required
  • Degree in statistics, economics, mathematics, or other quantitative science or equivalent, relevant work experience.
  • Advance SQL coding required, with a minimum of 2yrs work experience using these languages.
  • Experience with credit analytics, financial services, credit strategy or equivalent work experience.
  • Applied experience using statistical tools (e.g., SAS, Python, R, Tableau etc.).
  • 2 years of work experience building dashboards using PowerBI and the DAX coding language.
  • Familiarity with credit policy, procedures, and standards.
  • Be innovative - identify opportunities and drive actions.
  • Strong understanding of regulatory environment.
  • Has an inquisitive mindset.
  • Strong oral and written communication skills as well as presentation skills.
  • Strong organizational skills with attention to details.
  • Strong team player who listens to stakeholders and works effectively toward solutions.

Preferred Education, Skills and Experience
  • Masters or PHD degree.
  • Advance Python knowledge.
  • Exposure to machine learning.
  • Building dashboards using Tableau.

The Americans with Disabilities Act
The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.
Feeling your best helps you do your best:
Our benefits take care of the whole you-so you can build your work around your life (not the other way around!).
  • Competitive base salaries
  • Bonus incentives
  • Generous PTO, Floating Holidays and 12 Federal Holidays observed
  • Support for financial-well-being and retirement 401k with employer match
  • Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
  • Employer paid short-term/long-term disability and basic life insurance
  • Flexible hybrid working arrangements.
  • Paid parental leave and adoption reimbursement programs
  • Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
  • Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
  • Tuition Reimbursement and Family Scholarship Programs
  • Career development and training opportunities

Not the right fit? Let us know you're interested in a future opportunity by clicking Introduce Yourself in the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest!
Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click here to view the U.S. Pay Transparency Policy, here for federal job applicant notices, and here to view the California Employee Privacy Notice.
Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

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