ZipRecruiter

Log In

1

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

Fidelity Investments

Credit Research Analyst

Boston, MA

$110K - $222K/yr

CEOs, CFOs, Treasurers, risk officers, and other business leaders) as an integral part of the ... Bachelor's degree required; MBA, CFA, or Associate/Fellow of the Society of Actuaries preferred

New

PNC Bank

Associate Asset Manager - LIHTC

Boston, MA · On-site

$45K - $105K/yr

... and credit risk across the portfolio. Responsibilities include reviewing property operations ... The Associate plays a key role in analyzing investment health, preparing internal assessments, and ...

next page

Showing results 1-20

All JobsCredit Risk Associate JobsCredit Risk Associate Jobs in Watertown, MA

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 Jul 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 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.

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 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 1% As Needed, 64% Full Time, 32% Part Time, 1% Temporary, and 2% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $118,889 per year, or $57.2 per hour.
VP II- Fintech Warehouse Lending Originations

VP II- Fintech Warehouse Lending Originations

First Citizens Bank

Boston, MA • Hybrid

$156K - $208K/yr

Full-time

Posted 9 days ago

First Citizens Bank rating

7.5

Company rating: 7.5 out of 10

Based on 104 frontline employees who took The Breakroom Quiz

89th of 146 rated banks

Job description

Overview

This is a hybrid role that can only be hired in NY, Boston or Nor Cal

This role is responsible for managing the execution of multiple private credit transactions, monitoring existing credit risk, originating new business, conducting financial modeling and analysis, and some contributions to team development. This position also supports senior team members in ensuring controls are in place and helps identify potential risks within the business unit as well as helping support or lead company prospecting efforts. Ensures alignment and compliance with corporate strategy, internal policy, applicable laws, and regulations.


Responsibilities

Portfolio Management and Risk Assessment  The VP serves as the primary point of contact for assigned fintech warehouse lending clients. This role focuses on supporting, monitoring, and analyzing client collateral credit performance for asset backed finance (ABF) transactions. The VP will oversee the Associate in preparing modeling and analysis for existing transactions, and will serve as the primary point  of contact for Portfolio Management  and the client for proactively monitoring and analyzing collateral credit performance and industry trends. They prepare monthly and quarterly portfolio reviews and risk assessments and collaborate with internal teams to ensure client satisfaction and retention. Additionally, they mentor and coach junior team members on portfolio management best practices.

Credit Structuring and Underwriting  In this capacity, the VP leads the deal team underwriting process for select new and existing warehouse lending facilities. They analyze collateral tapes, client due diligence files, financial statements, business plans, and market conditions to assess credit risk, lead investor due diligence calls, and prepare and present credit memoranda and recommendations to approval committees. The role involves negotiating terms and conditions with clients and legal counsel balancing risk and profitability, while ensuring compliance with internal credit policies and regulatory requirements. They also coordinate with legal, operations, and other internal teams throughout the deal process.

Business Development and Strategic Initiatives  The VP identifies and pursues new business opportunities within the private credit direct warehouse lending sector, participates in industry events and networking activities to build relationships, and contributes to the development and implementation of strategic growth initiatives. They stay informed about market trends, competitive landscape, and regulatory changes, and collaborate with senior team members on process improvements and product development.


Qualifications

Bachelor's Degree and 4 years of experience in Warehouse Lending OR High School Diploma or GED and 8 years of experience 

Preferred Qualifications: 

  • Finance, Economics, Accounting or Business degree
  • Commercial Banking, Asset Backed Finance, Debt Capital Markets, Private Credit , Warehouse Lending, Corporate Finance
  • Strong Accounting skills
  • Experience with business/data analytics
  • Teamwork and deadline oriented with strong initiative

The base pay for this position is relative to your experience but the range is generally $156,000-$208,000 annually. 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.

#LI-Hybrid

Qualifications:

Bachelor's Degree and 4 years of experience in Warehouse Lending OR High School Diploma or GED and 8 years of experience 

Preferred Qualifications: 

  • Finance, Economics, Accounting or Business degree
  • Commercial Banking, Asset Backed Finance, Debt Capital Markets, Private Credit , Warehouse Lending, Corporate Finance
  • Strong Accounting skills
  • Experience with business/data analytics
  • Teamwork and deadline oriented with strong initiative

The base pay for this position is relative to your experience but the range is generally $156,000-$208,000 annually. 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.

#LI-Hybrid

Education:UNAVAILABLEEmployment Type: FULL_TIME

What First Citizens Bank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply