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Credit Risk Management Jobs in Manhattan, NY (NOW HIRING)

Cross River

VP, Commercial Credit Risk

Fort Lee, NJ · Hybrid

What We're Looking For The Vice President, Commercial Credit Risk serves as a critical second line of defense within the Credit Risk Management division of a FDIC-regulated community bank ...

Cross River

VP, Commercial Credit Risk

Fort Lee, NJ · On-site

What We're Looking For The Vice President, Commercial Credit Risk serves as a critical second line of defense within the Credit Risk Management division of a FDIC-regulated community bank ...

Airwallex

Director, Credit Risk

New York, NY · On-site

$190K - $320K/yr

About the team The Credit Risk team is part of Airwallex's Second Line of Defence and helps the ... Counterparty risk management: Set and oversee counterparty risk standards for banking partners ...

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All JobsCredit Risk Management JobsCredit Risk Management Jobs in Manhattan, NY

Credit Risk Management information

See Manhattan, NY salary details

$95.5K

$174.7K

$264.3K

How much do credit risk management jobs pay per year?

As of Sep 6, 2026, the average yearly pay for credit risk management in Manhattan, NY is $174,717.00, according to ZipRecruiter salary data. Most workers in this role earn between $147,300.00 and $195,900.00 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 Manhattan, NY?

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

What job categories do people searching Credit Risk Management jobs in Manhattan, NY look for?

The top searched job categories for Credit Risk Management jobs in Manhattan, NY are:

Credit Risk Management jobs near you
Infographic showing various Credit Risk Management job openings in Manhattan, NY as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 90% Physical, 2% Hybrid, and 8% Remote job distribution, with an average salary of $174,717 per year, or $84 per hour.

VP, Commercial Credit Risk

Cross River

Fort Lee, NJ • Hybrid

Full-time

Re-posted yesterday

Job description

Who We Are

Cross River builds the infrastructure behind the world's most innovative financial products. Our technology and capital solutions power payments, cards, lending, and digital asset capabilities that move money safely, instantly, and inclusively - trusted by leading fintechs, enterprises, and disruptors across the globe.

Our mission is simple: to build the financial infrastructure that expands access and opportunity for all. Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker's Best Places to Work in Fintech year after year. Whether you're designing code, solving regulatory puzzles, or developing strategy, you'll join a team where innovation and integrity drive everything we do - and where your work helps shape the future of finance.

What We're Looking For

The Vice President, Commercial Credit Risk serves as a critical second line of defense within the Credit Risk Management division of a FDIC-regulated community bank headquartered in New Jersey. This role provides independent credit risk oversight across the bank's commercial lending portfolios - including Commercial Real Estate (CRE), Construction, Lender Finance, Commercial & Industrial (C&I), SBA and Health Care - as well as credit exposures arising from the bank's Fintech partnership and Banking-as-a-Service (BaaS) activities. Priority consideration will be given to candidates who have experience in Healthcare related transactions involving skilled nursing and assisted living facilities.

The VP is responsible for ensuring credit quality, sound underwriting standards, and regulatory compliance while supporting the bank's strategic growth in both traditional commercial lending and innovative fintech-enabled programs. This position reports directly to the Chief Credit Risk Officer (CCRO).

Responsibilities:

Second Line Review of Commercial Loan Originations

  • Perform independent second line of defense review of all commercial credit originations
  • Providing risk-based challenge to first-line underwriting assumptions
  • Document independent risk opinions and escalate material credit concerns to the CCRO and/or Credit Committee
  • Conduct financial and risk assessment reviews (payer mix, reimbursement rate sensitivity, regulatory/compliance risk)
  • of Health Care providers (skilled nursing, assisted living, hospitals
  • Review credit exposures associated with Fintech partnership lending programs, ensuring appropriate risk assessment of program-level and individual credit risk characteristics

Risk Rating Scorecard Enhancements

  • Support the design, development, and ongoing enhancement of internal credit risk rating scorecards and methodologies
  • Collaborate with credit risk analytics and data teams to validate scorecard performance, calibrate rating thresholds, and ensure alignment with regulatory expectations (FDIC guidance, Interagency Policy Statements)

Review of Annual Reviews, Rating Upgrades/Downgrades & Impairment Analysis

  • Oversee and independently validate the annual review process for the commercial loan portfolio, ensuring timely completion, appropriate financial analysis, and accurate risk rating assignment
  • Review and approve/challenge proposed rating upgrades and downgrades, ensuring consistency with the bank's rating philosophy and supportable by borrower financial performance and market conditions
  • Conduct or validate impairment analyses (ASC 310/326) for credits exhibiting signs of deterioration

Portfolio Monitoring & Reporting

  • Monitor portfolio-level credit quality indicators across all segments, including delinquency trends, watch list migration, concentration levels, and criticized/classified asset ratios
  • Partner closely with the Allowance/CECL team to support specific reserve (individual assessment) analysis for impaired or deteriorating commercial credits

Policy & Governance

  • Maintain, review and update the Commercial Lending Policy and Procedures

Qualifications:

Education

  • Bachelor's degree - in Finance, Accounting, Economics, or a related field (required)
  • Master's degree (MBA) or professional certification (e.g., CFA, CRC, FRM, RMA-CCRM) (preferred)

Experience

  • Minimum 10 years of progressive experience in commercial credit risk, underwriting, or credit portfolio management within a banking environment, preferably at a community or regional bank
  • At least 5 years in a second line of defense, credit review, or senior credit risk management role
  • Demonstrated experience with CRE, Construction, Lender Finance, C&I, SBA and/or Health Care lending portfolios
  • Understanding of CMS/Medicaid/Medicare reimbursement dynamics and Health Care regulatory and licensure risk factors
  • Experience with FDIC and/or OCC regulated institutions strongly preferred
  • Prior involvement in regulatory examination preparation and response
  • Experience with or exposure to Fintech/BaaS lending programs and third-party risk management is a significant plus

#LI-JJ1 #LI-Hybrid #LI-Onsite

Salary Range: $200,000.00 - $225,000.00

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