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Credit Risk Manager Jobs in Alabama (NOW HIRING)

First Horizon

Credit Model Developer

Birmingham, AL · On-site

Interact with key stakeholder groups such as Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models.

SSAB

Credit Analyst

Mobile, AL · On-site

... and managing accounts receivable activities. This role ensures timely processing of credit ... Evaluate credit risk and recommend appropriate credit limits * Ensure all required documentation is ...

Synovus

Credit Advisor - USDA UW

Montgomery, AL · On-site +1

Minimum experience: * Two years of experience as a Community Bank Credit Risk Manager I with ... Synovus/PNFP; or eight years of credit analysis or commercial banking experience. USDA underwriting ...

PNC Bank

Fraud Data Scientist (Lending)

Birmingham, AL · On-site

... risk. Manages engagements with internal and external information suppliers ensuring solution is fit for purpose while maintaining appropriate governance and oversight. * Works with business, credit ...

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Credit Risk Manager information

See Alabama salary details

$78.4K

$143.5K

$217.1K

How much do credit risk manager jobs pay per year?

As of Jul 4, 2026, the average yearly pay for credit risk manager in Alabama is $143,492.00, according to ZipRecruiter salary data. Most workers in this role earn between $121,000.00 and $160,900.00 per year, depending on experience, location, and employer.

What are the 5 C's of credit risk management?

The 5 C's of credit risk management are Character, Capacity, Capital, Collateral, and Conditions. These factors help credit risk managers evaluate a borrower's ability and willingness to repay a loan, guiding credit decisions and risk assessments. Understanding these principles is essential for effective credit analysis and maintaining financial stability.

How does a Credit Risk Manager typically collaborate with other departments to assess and mitigate risk?

A Credit Risk Manager frequently works with teams across the organization, such as underwriting, finance, and compliance, to assess borrower creditworthiness and ensure adherence to risk policies. Collaboration often involves developing risk models, reviewing loan portfolios, and communicating risk exposures to senior management. Working closely with these departments enables comprehensive risk assessments and the implementation of effective mitigation strategies. This cross-functional approach fosters a proactive risk culture and ensures that credit decisions align with both regulatory requirements and business objectives.

What Does a Credit Risk Manager Do?

A credit risk manager analyzes credit risk for banks and similar financial institutions. In this role, it’s your job to develop better credit risk policies and procedures to alleviate losses and maintain capital. Additional duties involve examining data, building financial models, creating performance reports, ensuring regulatory compliance, and formulating credit policy. This career requires at least a bachelor’s degree in business administration or a related field. Other important qualifications include excellent analytical, communication, and research skills. Most employers typically prefer candidates who have previous risk management experience.

What is the highest salary for a risk manager?

The highest salary for a Credit Risk Manager can exceed $150,000 annually, especially in large financial institutions or with extensive experience and advanced certifications. Senior risk managers in major markets or with specialized skills may earn even higher compensation, including bonuses and incentives.

What are Credit Risk Managers?

Credit Risk Managers are professionals responsible for assessing and managing the risk of financial losses that may arise from borrowers failing to repay loans or meet contractual obligations. They analyze financial data, credit reports, and market trends to determine the creditworthiness of individuals or businesses. Credit Risk Managers also develop policies and strategies to minimize potential losses and ensure compliance with regulatory standards. Their role is critical in maintaining the financial health and stability of banks, lending institutions, and other organizations involved in credit.

What is the role of a credit risk manager?

A credit risk manager is responsible for assessing and monitoring the creditworthiness of clients and borrowers to minimize financial losses. They analyze financial data, develop risk mitigation strategies, and ensure compliance with lending policies, often using tools like credit scoring models and financial analysis software.

What are the key skills and qualifications needed to thrive as a Credit Risk Manager, and why are they important?

To thrive as a Credit Risk Manager, you need strong analytical abilities, deep knowledge of financial principles, and typically a degree in finance, accounting, or a related field. Familiarity with risk modeling software, credit scoring systems, and regulatory frameworks such as Basel III is essential. Strong communication, decision-making, and stakeholder management skills set outstanding professionals apart in this field. These skills are crucial for accurately assessing creditworthiness, minimizing financial losses, and ensuring regulatory compliance within financial institutions.

What is the difference between Credit Risk Manager vs Credit Analyst?

AspectCredit Risk ManagerCredit Analyst
CredentialsBachelor's degree, often certifications like CFA or credit risk certificationsBachelor's degree, finance or related field, sometimes certifications like CFA
Work EnvironmentOversees risk policies, manages teams, strategic planningAnalyzes credit data, assesses borrower risk, prepares reports
Industry UsageUsed in banking, financial services, lending institutionsCommon in banks, credit agencies, financial firms

The Credit Risk Manager focuses on overseeing and managing the overall credit risk policies and teams, while the Credit Analyst conducts detailed credit assessments of individual borrowers. Both roles require similar credentials and are integral to credit decision processes, but they differ in scope and responsibilities.

Does credit risk pay well?

Credit Risk Managers typically earn competitive salaries that vary by industry, experience, and location. They often receive additional benefits and may need certifications such as CFA or FRM, which can influence compensation levels.
More about Credit Risk Manager jobs
What are the most commonly searched types of Credit Risk jobs in Alabama? The most popular types of Credit Risk jobs in Alabama are:
What are popular job titles related to Credit Risk Manager jobs in Alabama? For Credit Risk Manager jobs in Alabama, the most frequently searched job titles are:
What job categories do people searching Credit Risk Manager jobs in Alabama look for? The top searched job categories for Credit Risk Manager jobs in Alabama are:
What cities in Alabama are hiring for Credit Risk Manager jobs? Cities in Alabama with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Alabama as of June 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 $143,492 per year, or $69 per hour.
Credit Model Developer

Credit Model Developer

First Horizon

Birmingham, AL • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 24 days ago

First Horizon Bank rating

8.3

Company rating: 8.3 out of 10

Based on 31 frontline employees who took The Breakroom Quiz

30th of 144 rated banks

Job description

Location: On site in Birmingham, AL; Charlotte, NC
SUMMARY
Support the Credit Risk Models Team with the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk models. These models are used for a variety of activities, including: CECL, stress testing, loss forecasting, origination, portfolio management, and economic capital. Responsibilities include sourcing, cleaning, and transforming data; researching applicable methods; training and testing a variety of specifications; documenting all facets of the development process; implementation of models and related logic in production systems; assessing outputs across different levels of inputs (sensitivity analysis and scenario analysis); back-testing and ongoing performance monitoring; and, communicating aspects of the model and its application to non-technical stakeholders.
The Credit Model Developer II can work independently most of the time and is familiar with some or all of the use cases.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Under the direction of senior members of the team, this position is primarily expected to:
  • Develop and apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data sets from multiple sources (including internal consumer, mortgage, and commercial loan systems, external bank data (e.g., Call Reports), and economic forecasts) to develop credit risk models for CECL, stress testing, scorecards, economic capital, or other credit risk-related initiatives.
  • Derive model assumptions that are well reasoned and supportable.
  • Implement models in code in a transparent and easily maintainable way.
  • Comprehensively and clearly document all modeling or analysis work that meets internal, GAAP, and regulatory requirements; translate model theory and related results for non-quantitative audiences.
  • Develop and support strong controls for the model implementation framework and maintain related documentation.
  • Support independent model validation process, internal and external audits, and regulatory reviews.
  • Interact with model owner/users, validators, and regulators to address model issues and remediation actions.
  • Interact with key stakeholder groups such as Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models.
  • Monitor the performance and calibration of existing models.

POSITION'S ADDITIONAL RESPONSIBILITIES:
  • Work on various ad hoc quantitative, modeling, and programming assignments.

SUPERVISORY RESPONSIBILITIES
  1. No supervisory responsibilities

QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:
PhD or Master's degree in Statistics, Econometrics, Mathematics or related quantitative field. A Bachelor's degree in a quantitative field with additional certifications or experience may be considered.
Minimum Experience:
  • 3 years of model development or validation experience
  • Must have advanced quantitative statistical modeling skills (Regression, Time Series, Survival Analysis, Markov Chain, etc.)
  • PhD or master's degree in Statistics, Econometrics, Mathematics or related quantitative field. A bachelor's degree in a quantitative field with additional certifications or experience may be considered.
  • Experience with Python and SQL
  • Strong analytical and critical thinking skills with high attention to detail and accuracy
  • Excellent verbal, written, and interpersonal communication skills

Preferred Experience:
  • 5 or more years of model development or validation experience, particularly in credit risk or stress testing.
  • Working knowledge of Python, R, SAS, and SQL.
  • Knowledge of Git-based machine learning operations practices in the cloud (MLOps)
  • Working knowledge of Generally Accepted Accounting Principles (GAAP), Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements.
  • Ability to clearly articulate, in writing or orally, ideas, analytic insights, and recommendations to both technical and non-technical audiences, including an executive audience.
  • Ability to use advanced statistical and mathematical software to perform descriptive, predictive, and prescriptive analysis leveraging a variety of statistical techniques (such as segmentation, logistic regression, sensitivity analysis, and machine learning).
  • An ability to identify key problems, conduct in-depth research, and articulate well-reasoned solutions.

COMPUTER AND OFFICE EQUIPMENT SKILLS
  • Knowledge of Python, R, SAS, or SQL
  • Proficiency in the use of Microsoft Office with advanced experience in Excel
  • Familiarity with software version control systems, such as Git

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)
None required
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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