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Credit Risk Management Jobs in Delaware (NOW HIRING)

SLM

Director, Credit Risk

Newark, DE · On-site

Director, Credit Risk When you join Sallie Mae, you become a champion for all students. We're on a ... Prepare and present risk reports to senior management, risk committees, and regulatory bodies.

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Credit Risk Management information

See Delaware salary details

$86.6K

$158.4K

$239.7K

How much do credit risk management jobs pay per year?

As of Sep 9, 2026, the average yearly pay for credit risk management in Delaware is $158,449.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,600.00 and $177,700.00 per year, depending on experience, location, and employer.

What is credit risk management?

Credit Risk Management is the process of identifying, assessing, and mitigating the risk that a borrower or counterparty will fail to meet their financial obligations. Professionals in this field analyze creditworthiness, set lending policies, and monitor existing loans to minimize potential losses for banks or financial institutions. Effective credit risk management helps ensure the stability of financial systems and protects organizations from significant financial loss.

What are the key skills and qualifications needed to thrive in credit risk management?

To thrive in Credit Risk Management, you need strong analytical skills, financial modeling expertise, and a solid background in finance or economics, often supported by a relevant degree. Familiarity with risk assessment software, credit scoring systems, and regulatory compliance tools such as Basel III is highly valued. Attention to detail, effective communication, and sound judgment are crucial soft skills for evaluating creditworthiness and collaborating with stakeholders. These skills ensure accurate risk assessments, regulatory compliance, and informed decision-making to protect the organization's financial health.

What are some common challenges faced by professionals in credit risk management, and how can they be addressed?

Professionals in Credit Risk Management often encounter challenges such as assessing complex borrower profiles, keeping up with changing regulatory requirements, and managing large volumes of data. To address these, it's important to develop strong analytical skills, stay updated on industry regulations, and leverage technology for more efficient data analysis. Collaborating closely with other departments, such as sales and compliance, also helps ensure well-rounded risk assessments and effective risk mitigation strategies.

What is the difference between Credit Risk Management vs Credit Analysis?

AspectCredit Risk ManagementCredit Analysis
Primary FocusAssessing and mitigating overall credit risk for an organizationEvaluating individual creditworthiness of borrowers
CertificationsTypically requires certifications like CFA, Credit Risk certificationsOften requires financial analysis certifications or degrees
Work EnvironmentStrategic, risk-focused, often in risk departmentsAnalytical, detail-oriented, in credit or lending departments
Industry UsageCommon in banking, financial services, and lending institutionsUsed across banks, credit agencies, and lending firms

While both roles involve assessing financial information, Credit Risk Management focuses on the broader risk exposure of the organization, whereas Credit Analysis concentrates on evaluating individual borrowers' creditworthiness. Understanding these differences helps professionals and employers align roles with skills and organizational needs.

What does credit risk management do?

Credit risk management involves identifying, assessing, and monitoring the risk of borrowers defaulting on their financial obligations. Professionals in this field analyze credit data, use risk assessment tools, and develop strategies to minimize potential losses for lenders or financial institutions.

What are popular job titles related to Credit Risk Management jobs in Delaware?

For Credit Risk Management jobs in Delaware, the most frequently searched job titles are:

What job categories do people searching Credit Risk Management jobs in Delaware look for?

The top searched job categories for Credit Risk Management jobs in Delaware are:

What cities in Delaware are hiring for Credit Risk Management jobs?

Cities in Delaware with the most Credit Risk Management job openings:

Credit Risk Management jobs near you
Infographic showing various Credit Risk Management job openings in Delaware as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 82% Physical, 3% Hybrid, and 15% Remote job distribution, with an average salary of $158,449 per year, or $76.2 per hour.

Director, Credit Risk

Newark, DE • On-site

SMB Shared Services, Inc.
See more jobs at SMB Shared Services, Inc.external

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 5 days ago

Key responsibilities

  • Oversee and manage credit risk management strategies to ensure credit risks are properly assessed, monitored and mitigated.

  • Evaluate and analyze credit risk exposure across various business lines, products and customer segments.

  • Collaborate with internal stakeholders to integrate credit risk considerations into business decisions and processes.

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 and to help them plan their higher education, successfully finish, and prepare for life after school. Our values emphasize impact, collaboration and continuous learning.

Responsibilities
  • Oversee and manage credit risk management strategies to ensure credit risks are properly assessed, monitored and mitigated.
  • Establish and maintain an effective credit risk framework, including assessment methodologies, risk appetite, limits and mitigation strategies.
  • Evaluate and analyze credit risk exposure across various business lines, products and customer segments.
  • Conduct comprehensive credit risk assessments and provide recommendations to senior management and the Board of Directors.
  • Monitor and review credit portfolios to identify emerging risks, trends and potential areas of concern.
  • Collaborate with internal stakeholders (originations, sales, finance teams) to integrate credit risk considerations into business decisions and processes.
  • Develop and implement credit risk monitoring tools and systems to enhance risk identification, measurement and reporting.
  • Foster relationships with external stakeholders – credit rating agencies, auditors and regulators – to ensure effective communication and collaboration on credit risk matters.
Minimum Qualifications
  • Strong knowledge of credit risk principles, methodologies and regulatory requirements.
  • Demonstrated experience developing and implementing credit risk management frameworks, policies and procedures.
  • Proven ability to analyze complex credit portfolios and assess credit risk exposure.
  • Excellent understanding of financial statements, financial analysis and risk assessment techniques.
  • Experience managing and leading a team of credit risk professionals.
  • Exceptional analytical and problem‑solving skills with the ability to think strategically and make informed decisions.
Preferred Qualifications
  • Bachelor’s degree in finance, economics, business administration or a related field.
  • 7+ years of experience in credit risk management within the financial services industry, focusing on corporate or commercial lending.
Benefits
  • Competitive base salaries and bonus incentives.
  • Generous PTO, floating holidays and 12 federal holidays.
  • Support for financial wellbeing and retirement – 401(k) with employer match.
  • Comprehensive medical, dental, vision, hospital indemnity, critical illness and pet insurance.
  • Employer paid short‑term and long‑term disability and basic life insurance.
  • Flexible hybrid working arrangements.
  • Paid parental leave and adoption reimbursement programs.
  • On‑site staffed fitness centers (in Delaware) and gym subsidy outside Delaware.
  • Confidential counseling support (EAP), health advocacy services and wellness programs with financial incentives.
  • Tuition reimbursement and family scholarship programs.
  • Career development and training opportunities.
Americans with Disabilities Act

Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process.

Equal Opportunity Statement

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 identity, sexual orientation, national origin, age, genetic information, disability, veteran status or any other characteristic protected by federal, state or local law.

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