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Credit Risk Management Jobs in Baltimore, MD (NOW HIRING)

Saval Foodservice

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Credit and Collection Analyst

Elkridge, MD · On-site

$30/hr

... Manage creditworthiness of customers, which includes analyzing the financial health of existing and potential customers. 2. Maintaining credit policy adherence. Work with sales team to minimize risk ...

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Credit Risk Management information

See Baltimore, MD salary details

$86K

$157.3K

$238K

How much do credit risk management jobs pay per year?

As of Jul 20, 2026, the average yearly pay for credit risk management in Baltimore, MD is $157,305.00, according to ZipRecruiter salary data. Most workers in this role earn between $132,600.00 and $176,400.00 per year, depending on experience, location, and employer.

Does credit risk pay well?

Credit risk management professionals typically earn competitive salaries that vary by experience, location, and industry. Entry-level roles may start lower, while experienced analysts and managers can earn higher compensation, often supplemented by bonuses and certifications such as CFA or FRM. Overall, it is considered a well-paying field within finance and risk management sectors.

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, and why are they important?

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 is the salary of credit risk officer?

The salary of a credit risk officer varies depending on experience, location, and the employer, but typically ranges from $70,000 to $130,000 annually. At firms like JP Morgan, entry-level positions may start around $80,000, with experienced officers earning over $120,000, often supplemented by bonuses and benefits.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Risk Executive typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and oversight of enterprise-wide risk strategies.

What does a credit risk manager do?

A credit risk manager assesses the creditworthiness of individuals or organizations to determine the likelihood of default on loans or credit agreements. They analyze financial data, develop risk mitigation strategies, and monitor credit portfolios using tools like credit scoring models and financial analysis software to minimize potential losses for their organization.

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 popular job titles related to Credit Risk Management jobs in Baltimore, MD? For Credit Risk Management jobs in Baltimore, MD, the most frequently searched job titles are:
What job categories do people searching Credit Risk Management jobs in Baltimore, MD look for? The top searched job categories for Credit Risk Management jobs in Baltimore, MD are:
Credit Risk Management jobs near you
Director, Counterparty Risk

Director, Counterparty Risk

T Rowe Price

Baltimore, MD

Other

Posted 10 days ago

T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

About this Position

The Director of Counterparty Risk role leads the Counterparty Risk team within Investment Risk at T. Rowe Price. The Investment Risk team, which is part of the firm's Enterprise Risk Group, consists of 43 associates located in the United Sates, United Kingdom, Luxembourg, and Singapore. Investment Risk is supported by a dedicated technology team of 32 engineers and business analysts in the US and UK. As of September 30, 2024, T. Rowe Price had ~$1.63T in assets under management.

Role Summary

The Director of Counterparty Risk reports to the Head of Investment Risk and has a seat on the Investment Risk lead team. The Counterparty Risk team plays an integral role in supporting Investment Risk's mission to identify, measure, monitor, communicate/escalate, and help mitigate risks impacting portfolios managed by T. Rowe Price.

The Counterparty Risk team's core responsibilities include:

  • Counterparty Credit Analysis and Due Diligence

    • Perform independent credit analysis and due diligence on new and existing bank and broker/dealer counterparties used for trade execution by the firm's Global Trading division

    • Through a combination of independent analysis, external research, and market data, assign internal counterparty credit ratings and develop recommendations on whether counterparties should be approved for trading on the firm's Global Trading platform

    • Prepare and present written counterparty reviews to support recommendations, and obtain formal approvals from relevant risk committees, as appropriate

  • Measurement of Counterparty Risk

    • Develop and maintain the methodology to calculate exposure to counterparties, including current net marked-to-market exposure, adjusted for collateral posted or received, as well as certain potential future exposures

    • Work with dedicated technology groups to implement the measurement methodology and to develop and modernize reporting to analyze and monitor counterparty risks

  • Monitoring and Escalation of Counterparty Risk

    • Conduct daily monitoring on the creditworthiness, reputational standing, and credit exposure to approved counterparties

    • Research the cause of exceedances to counterparty risk guidelines and escalate material concerns through predetermined paths

  • Mitigation of Counterparty Risk and Event Management

    • Liaise with business partners, including Legal and Middle Office, to mitigate risks through the negotiation of appropriate legal documentation with trading counterparties, including netting and collateral terms

    • Lead the firm's response to counterparty risk events

To be successful in this role, the Director of Counterparty Risk must demonstrate the following:

  • The ability to actively listen and thoroughly assess the needs of the business (both Global Trading and Investment Divisions) and lead the strategic vision for how to allocate available resources to deliver exceptional outcomes.

  • The influencing skills to guide both direct reports and business partners to a shared vision of the appropriate course of action and the ability to execute on it successfully.

  • The cultural awareness and sensitivity to successfully lead and/or collaborate with direct reports and business partners from a wide array of backgrounds.

  • The flexibility to adapt to T. Rowe Price's culture and its current and target state infrastructure; and

  • The drive to work through challenges and ensure goals are accomplished.

The Director of Counterparty Risk plays a critical role in leading T. Rowe Price's counterparty risk program to deliver independent risk oversight, ensure compliance with global regulatory requirements, and provide risk consulting services.

Responsibilities

Lead the Strategic Vision for the Counterparty Risk team:

  • Take ownership of the counterparty risk team's strategic vision and continue to refine it through time as the business evolves and priorities change

  • Engage with key stakeholders, including Global Trading leadership, to understand business needs

  • Effectively communicate the team's strategic vision to team members and business partners

Execute on core responsibilities of the Counterparty Risk team:

  • Lead a team of 5 dedicated counterparty risk professionals - three at the global headquarters in Baltimore and two at the international headquarters in London

  • Prioritize the team's workload, balancing team objectives versus business partner needs

  • Flex the team, as necessary, to adapt to changing business priorities

  • Provide ongoing feedback, coaching, and development to team members

Chair the Counterparty Risk Committee ("CRC"):

  • Lead the firm's CRC, which is tasked with providing strategic direction and corporate-wide oversight of the counterparty risk management efforts, as well as providing a forum for collaboration, communication, and counterparty risk escalation (business units represented on the CRC include Risk, Trading, Investments, Operations, Legal, and Compliance)

  • Collaborate with counterparty risk team and key business partners to develop monthly meeting agendas, prepare materials, and document outcomes through meeting minutes

  • Evaluate market events impacting trading counterparties and resulting exposures within T. Rowe Price managed portfolios. Exhibit sound commercial judgement in assessing materiality of events and deciding whether action or further escalation is required

Represent Counterparty Risk in Various Internal and External Forums

  • Clearly articulate the firm's robust counterparty risk management program in due diligence meetings with existing and prospective clients,

  • Actively participate in various Risk and Trading committees to ensure effective oversight of counterparty risks

  • Engage with peer firms and industry groups to understand and influence counterparty risk best practices

Prioritize Counterparty Risk's Technology Book of Work:

  • Work closely with a team of 3 dedicated technology resources to prioritize Tech work

  • Lead multi-year initiative to modernize the firm's counterparty risk platform

Qualifications

Required:

  • Bachelor's degree or the equivalent combination of education (business, finance, economics, or a quantitative field) and relevant experience AND

  • 10+ years of total relevant work experience (Financial industry, ideally with credit risk experience - buy-side or sell-side experience is acceptable)

  • Leadership experience on the buy-side or sell-side

  • Experience with a wide range of securities and derivatives

  • Thorough understanding of counterparty risk concepts, including due diligence, credit analysis, exposure calculation, legal trading agreements (e.g. ISDAs), and collateral management practices

  • Strong operational/analytical mindset and understanding of front, middle, and back-office trade lifecycle

  • Excellent communications skills, both verbal and written, with a demonstrated ability to explain complex concepts clearly and confidently to both technical and non-technical audiences

  • Strong interpersonal skills - an ability to have crucial conversations and demonstrated influencing skills

  • Strong organization, prioritization, and project management skills, and the ability to adapt quickly to changing business needs

  • A strong work ethic and attention to detail

  • Intellectual curiosity and a commitment to continuous learning

  • A listen first, speak second approach to engaging with others

Preferred:

  • Postgraduate degree in business, finance, economics, or a quantitative field

  • Completion of a relevant professional accreditation, such as the CFA, FRM, PRM, or CAIA

  • Experience leading teams with a global footprint

  • Experience analyzing financial statements of banks and broker-dealers to determine creditworthiness

  • Experience performing and overseeing due diligence on financial counterparties, including banks, broker/dealers, and clearinghouses

  • Experience with team collaboration tools like SharePoint

  • Familiarity with counterparty exposure modeling techniques (potential future exposure and expected future exposure)

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to two days per week from home.

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