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Credit Risk Management Jobs in Massachusetts (NOW HIRING)

ICP Group

Credit & Collections Manager

Andover, MA · On-site

Credit Management & Risk Assessment * Evaluate new customer credit applications and establish appropriate credit limits and payment terms. * Conduct ongoing reviews of customer creditworthiness using ...

ICP Group

Credit & Collections Manager

Andover, MA · On-site

Credit Management & Risk Assessment * Evaluate new customer credit applications and establish appropriate credit limits and payment terms. * Conduct ongoing reviews of customer creditworthiness using ...

River Run Services LLC

Senior Credit Officer

Haverhill, MA · On-site

$83K - $121K/yr

Job Summary The Senior Credit Officer provides oversight and reporting in support of the company ... Present risk management findings and conclusions to the Board Joint Risk Committee, or other groups ...

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All JobsCredit Risk Management JobsCredit Risk Management Jobs in Massachusetts

Credit Risk Management information

See Massachusetts salary details

$94.5K

$172.9K

$261.6K

How much do credit risk management jobs pay per year?

As of Aug 7, 2026, the average yearly pay for credit risk management in Massachusetts is $172,897.00, according to ZipRecruiter salary data. Most workers in this role earn between $145,800.00 and $193,900.00 per year, depending on experience, location, and employer.

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 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 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 is the average salary of a credit risk management analyst?

The average salary of a credit risk management analyst typically ranges from $60,000 to $85,000 annually, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.

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 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 most commonly searched types of Credit Risk Management jobs in Massachusetts? The most popular types of Credit Risk Management jobs in Massachusetts are:
What are popular job titles related to Credit Risk Management jobs in Massachusetts? For Credit Risk Management jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Credit Risk Management jobs in Massachusetts look for? The top searched job categories for Credit Risk Management jobs in Massachusetts are:
What cities in Massachusetts are hiring for Credit Risk Management jobs? Cities in Massachusetts with the most Credit Risk Management job openings:
Credit Risk Management jobs near you
Infographic showing various Credit Risk Management job openings in Massachusetts as of July 2026, with employment types broken down into 100% Full Time. Highlights an 94% In-person, and 6% Hybrid job distribution, with an average salary of $172,897 per year, or $83.1 per hour.

VP Senior Credit Manager

Winchester Savings Bank

Winchester, MA • On-site

$123K - $203K/yr

Full-time

Re-posted yesterday

Job description

SUMMARY DESCRIPTION

The VP, Senior Credit Manager, provides executive leadership over the Bank’s commercial credit risk function, ensuring a sound and well-managed loan portfolio consistent with the Bank’s risk appetite and regulatory requirements. The Senior Credit Manager partners closely with commercial lenders, senior leadership, and the Board to maintain high credit quality standards while supporting responsible loan growth in accordance with Bank’s strategic plan. This role ensures the quality and integrity of the commercial loan portfolio through sound credit decisions, disciplined risk management, and strict adherence to Bank lending policies and regulatory requirements.

ESSENTIAL JOB FUNCTIONS

Portfolio Management & Credit Oversight

  • Direct the overall administration and quality of the Bank’s commercial loan portfolio, including commercial real estate, construction, and commercial & industrial loans
  • Monitor the commercial loan portfolio on an ongoing basis for signs of deteriorating credit quality, covenant violations, risk rating changes, and past-due trends
  • Lead and oversee annual loan reviews and periodic credit file updates in accordance with Bank policy and regulatory expectations
  • Supervise, mentor, and develop credit analysts and junior lending staff and promote a culture of credit discipline and sound risk management throughout the lending team
  • Identify early warning indicators of credit deterioration and recommend proactive action plans, including loan modifications, additional collateral, or workout referrals
  • Provide quarterly board reporting, including Large Borrower Report, Legal Lending Limit, Exception Reports, and other portfolio trend reports as needed
  • Coordinate with others on problem credits, workouts, and charge-off recommendations as needed.
  • Serve as a primary point of contact for bank examiners and internal external auditors on credit-related matters
  • Maintain current knowledge of regulatory developments affecting credit risk management

Credit Analysis

  • Review, analyze, and underwrite commercial loan requests ensuring each credit is properly documented
  • Collaborate with business development officers to structure transactions and grow the portfolio prudently
  • Evaluate borrower financial statements, tax returns, cash flow projections, collateral valuations, and global debt service to determine creditworthiness
  • Prepare comprehensive credit approval memoranda (CAMs) with well-supported risk assessments and clear recommendations for approval, modification, or denial.
  • Ensure proposed loan structures align with credit risk, borrower needs, Bank policy, and applicable regulatory requirements.
  • Collaborate with commercial lenders and/or portfolio managers to resolve underwriting issues, clarify documentation deficiencies, and finalize credit presentations
  • Make recommendations to approve or decline credit requests; escalate credits exceeding authority to the Loan Review Committee or higher authority as needed

SPECIFIC SKILLS REQUIRED

  • Advanced financial statement analysis, including spreading and interpreting business and personal tax returns and financial statements.
  • Strong command of cash flow analysis methodologies and collateral valuation techniques.
  • Proficiency in commercial real estate underwriting including NOI analysis, cap rate assessment, rent rolls, and market comparables.
  • Working knowledge of C&I lending structures including revolving lines of credit, term loans, equipment financing, and borrowing base arrangements.
  • Familiarity with SBA loan programs, documentation requirements, and eligibility standards.
  • Experience with credit analysis and loan origination software preferred

EXPERIENCE & EDUCATION REQUIREMENTS

  • Minimum 10-15 years of progressive commercial banking experience, with significant credit analysis and portfolio management responsibilities
  • Bachelor’s degree in Finance, Accounting, Business Administration, Economics or a closely related field.
  • Demonstrated expertise in commercial real estate, construction, and C&I lending
  • Deep knowledge of credit risk principles, loan structuring, and financial statement analysis
  • Strong written and verbal communication skills

NOTICE

This list of duties is not intended to be all-inclusive and may be expanded to include other duties that may be deemed necessary by management from time to time. The Bank reserves the right to modify, interpret, or apply the job description in any way the company desires and that the job description is not a contract for employment. All employment is “at will”. Also, employee is expected to have knowledge of and adherence to Bank policies and procedures. The employee complies with state and federal regulations and specific BSA/AML related regulations and all information security related regulations.

Work Environment: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

EEOC Statement: WSB provides equal employment opportunity to all individuals regardless of their race, color, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.