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

Berkshire Bank

Credit Risk Analyst II

Boston, MA · On-site

$55K - $102K/yr

Certifications such as Risk Management Associate (RMA), Credit Risk Certification (CRC), Certified Internal Auditor (CIA), Project Management Professional (PMP), Financial Risk Manager (FRM), or ...

Stifel

Venture Banking Credit Risk Officer

Boston, MA · On-site

Why Stifel Stifel strives for a culture that puts its clients and associates first: a culture where ... What You'll Be Doing The Venture Banking Credit Risk Officer is responsible for the overall ...

Stifel

Venture Banking Credit Risk Officer

Boston, MA · On-site

Why Stifel Stifel strives for a culture that puts its clients and associates first: a culture where ... What You'll Be Doing The Venture Banking Credit Risk Officer is responsible for the overall ...

Loomis Sayles

Credit Research Associate

Boston, MA · On-site

$70K - $100K/yr

About the Role The credit research associate will work with three senior analysts covering ... Identify credit risk factors and have an understanding of financial markets * Develop skills in ...

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Credit Risk Associate information

See Watertown, MA salary details

$54.4K

$118.9K

$199K

How much do credit risk associate jobs pay per year?

As of Sep 10, 2026, the average yearly pay for credit risk associate in Watertown, MA is $118,889.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,600.00 and $154,400.00 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 popular job titles related to Credit Risk Associate jobs in Watertown, MA?

For Credit Risk Associate jobs in Watertown, MA, the most frequently searched job titles are:

What cities near Watertown, MA are hiring for Credit Risk Associate jobs?

Cities near Watertown, MA with the most Credit Risk Associate job openings:

Credit Risk Associate jobs near you
Infographic showing various Credit Risk Associate job openings in Watertown, MA as of July 2026, with employment types broken down into 69% Full Time, 28% Part Time, 1% Temporary, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $118,889 per year, or $57.2 per hour.

Credit Risk Analyst II

Boston, MA • On-site

Berkshire Bank
See more jobs at Berkshire Bankexternal

$55K - $102K/yr

Full-time

Posted 6 days ago

Berkshire Bank rating

6.7

Company rating: 6.7 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

Job description

Officer: Officer
Division: Credit Risk Management
Department: Strategic Services
Reports to: Credit Risk Manager: Reporting and Analytics
Status: Exempt
Grade: 10
Salary Range: $55,588 - $102,474
Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Boston, MA or Albany, NY
Principal Objective
This position plays a pivotal role in the execution of Beacon Bank & Trust's credit risk monitoring, analysis, and reporting programs. A Credit Risk Analyst II in the Reporting and Analytics group will be hands-on in supporting and enhancing the Bank's credit risk management and reporting capabilities. This role will leverage the analyst's proficiency in data, systems, and reporting tools combined with their practical knowledge of credit risk management principles.
A successful analyst will be a solution driven, intellectually curious self-starter who is proficient in accomplishing concurrent objectives. This individual should possess analytical skills, while consistently demonstrating a high degree of flexibility, teamwork, efficiency, and commitment to excellence and continuous improvement. This position necessitates attention to detail and effective communication skills to all levels of management.
Key Accountabilities:
  • Utilizes analytical tools such as Excel, Python, R, and/or SQL to execute and maintain reporting that provides key stakeholders timely and actionable insights on the credit risk in the portfolio.
  • Executes established reporting procedures and analytics activities on schedule.
  • Ability to provide underlying data and analytical support for key portfolio monitoring programs.
  • Ability to assist senior staff in preparation of custom reporting on short timelines.
  • Works collaboratively with other teams in Credit Risk Analytics and throughout the bank (e.g., Finance, Commercial Lending, Enterprise Analytics, etc.) as they relate to the Bank's credit risk data.
  • Ability to work with senior analysts to identify, research, and resolve any inconsistencies in the Bank's data to support the Bank's Data Governance Program in maintaining a high data quality standard, including working with servicing to process any updates.
  • Develops an active knowledge of the Bank's portfolio and credit metrics to identify outliers in data, reports, etc.
  • Develops an understanding of SOX and audit requirements around reporting that is used by the Bank to make key decisions and for inclusion in the Bank's financial reporting.
  • Assists with new employee onboarding and training.
  • Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one's duties.

Education:
  • Bachelor's degree required. Master's preferred.

Experience:
  • 2+ years of financial analysis or related reporting work at a financial institution; preferably with experience in Credit Risk Management, Credit Administration, Lending, Loan Review, Loan Operations, or other relevant experience.

Skills & Knowledge:
  • Strong Excel skills with proficiency in standard Microsoft Office products.
  • Working knowledge of Power BI, Python, R, and/or SQL.
  • Strong analytical skills, with attention to detail and accuracy.
  • Excellent communication and interpersonal skills, both written and verbal.
  • Understanding of Credit Risk Fundamentals
  • Experience working with regulators and/or external auditors is a plus.
  • Familiarity with FIS loan accounting system is a plus.
  • Certifications such as Risk Management Associate (RMA), Credit Risk Certification (CRC), Certified Internal Auditor (CIA), Project Management Professional (PMP), Financial Risk Manager (FRM), or similar relevant certification(s) a plus

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.

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