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Credit Risk Manager Jobs in Massachusetts (NOW HIRING)

Northern Bank

Portfolio Manager

Woburn, MA · On-site

$70K - $95K/yr

Credit Analysis & Risk Oversight * Independently underwrite and review existing commercial lending relationships of medium‑to‑high complexity in accordance with Bank credit policy. * Analyze ...

Northern Bank

Portfolio Manager

Woburn, MA · On-site

$70K - $95K/yr

Credit Analysis & Risk Oversight * Independently underwrite and review existing commercial lending relationships of medium-to-high complexity in accordance with Bank credit policy. * Analyze borrower ...

Bank of America

Senior Credit Manager

Boston, MA · On-site

The CCM oversees appropriate execution and approval of credit solutions while optimizing risk and return, managing asset quality, and ensuring high quality underwriting that aligns with policy and ...

Bank of America

Senior Credit Manager

Boston, MA · On-site

The CCM oversees appropriate execution and approval of credit solutions while optimizing risk and return, managing asset quality, and ensuring high quality underwriting that aligns with policy and ...

Loomis Sayles

Credit Research Associate

Boston, MA · On-site

$70K - $100K/yr

... risk assessment, and relative value-based insights. Credit research analysts are integrated into sector teams that offer market and research insight through the collaboration of portfolio managers ...

Rockland Trust

Senior Loan Reviewer

Brockton, MA · On-site

The Senior Loan Reviewer is responsible for independently evaluating the accuracy of credit ratings for the bank's loan portfolio, as well as the effectiveness of credit risk management processes.

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All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Massachusetts

Credit Risk Manager information

See Massachusetts salary details

$94.5K

$172.9K

$261.6K

How much do credit risk manager jobs pay per year?

As of Jun 17, 2026, the average yearly pay for credit risk manager 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.

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 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 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.

More about Credit Risk Manager jobs
What are the most commonly searched types of Credit Risk jobs in Massachusetts? The most popular types of Credit Risk jobs in Massachusetts are:
What are popular job titles related to Credit Risk Manager jobs in Massachusetts? For Credit Risk Manager jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Credit Risk Manager jobs in Massachusetts look for? The top searched job categories for Credit Risk Manager jobs in Massachusetts are:
What cities in Massachusetts are hiring for Credit Risk Manager jobs? Cities in Massachusetts with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Experienced Credit Administration Officer (AVP/VP Level Opportunity)

Experienced Credit Administration Officer (AVP/VP Level Opportunity)

Bay State Savings Bank

Worcester, MA

Full-time

Posted 4 days ago

Job description

Experienced Credit Administration Officer (AVP/VP Level Opportunity)
Worcester, MA
About Us:
Established in 1895, Bay State Bank is an approximately $550MM, Massachusetts-based mutual Bank. As a Bank owned by a mutual holding company, the Bank is effectively governed by its depositors, and its mutual ownership structure allows it to focus on long-term and community impact rather than short-term profits. BSB has seven branch locations in Central Massachusetts. BSB is the only remaining Bank originally headquartered in Worcester, Massachusetts: the second largest city in New England. BSB is a value-driven organization committed to intentional actions and investments that position the Bank as the community’s preferred partner for banking.
The Opportunity:
We are seeking an experienced Credit Administration Officer to support the oversight, administration, and ongoing risk management of the Bank’s commercial credit function.
This is a highly impactful role responsible for supporting the strength, integrity, and performance of the Bank’s commercial loan portfolio through strong credit analysis, sound underwriting practices, and proactive portfolio monitoring. Working closely with the SVP – Credit Administration and Commercial Banking leadership, this position will help ensure credit decisions align with the Bank’s loan policy, regulatory expectations, and long-term strategic objectives.
The final officer designation (AVP/VP) will be determined based on the selected candidate’s experience, demonstrated expertise, and alignment with the responsibilities of the position.
Key Responsibilities:
Credit Risk amp; Portfolio Oversight
  • Support credit administration activities, including portfolio monitoring, risk rating integrity, covenant compliance, and credit quality reviews
  • Analyze new and existing commercial credit relationships to assess financial strength, repayment ability, collateral adequacy, and overall risk
  • Assist with identifying, monitoring, and recommending strategies to address emerging credit concerns
  • Support oversight of classified assets, delinquencies, and portfolio trends
Underwriting amp; Credit Administration
  • Prepare, review, and provide recommendations on commercial credit analyses and loan presentations
  • Evaluate loan structures, including collateral, guarantor support, repayment sources, and covenant requirements
  • Partner with Commercial Banking team members to provide credit guidance and support
Committee amp; Management Reporting
  • Assist in the preparation of credit-related reporting and materials for Loan Committee, Executive Management, and Board-level committees
  • Provide analysis related to portfolio composition, concentrations, risk ratings, asset quality trends, and other key credit metrics
  • Support Loan Committee administration, including materials, documentation, and follow-up items
ACL amp; Portfolio Analytics
  • Support the Allowance for Credit Losses (ACL) process, including data collection, analysis, and reporting
  • Partner with Credit Administration leadership and Finance to ensure accurate portfolio information and appropriate credit risk monitoring
Policy, Compliance amp; Regulatory Support
  • Ensure credit activities align with regulatory expectations, internal policies, and sound banking practices
  • Support regulatory examinations, audits, and loan reviews through preparation of materials and responses
Collaboration amp; Continuous Improvement
  • Partner cross-functionally with Commercial Banking, Loan Operations, Finance, and other departments to support effective credit administration practices
  • Identify opportunities to strengthen credit processes, reporting, and workflows
  • Provide guidance and support to team members on credit analysis and underwriting practices
  • Maintain awareness of market conditions, industry trends, and regulatory developments
About You:
  • 10+ years of progressive commercial banking, credit analysis, underwriting, portfolio management, or credit administration experience
  • Deep expertise in underwriting, financial analysis, and portfolio risk management
  • Strong knowledge of regulatory frameworks and credit governance
  • Proven ability to lead teams and influence senior stakeholders
  • Executive presence with strong communication and decision-making skills
  • Strategic mindset with a disciplined approach to risk
  • Bachelor’s degree in Finance, Accounting, or related field (advanced degree or certifications preferred)
Why Bay State Bank?
  • Community-focused mutual bank committed to long-term relationships and local impact
  • Collaborative, values-based culture
  • Opportunity to contribute to the continued growth and strength of the Bank’s commercial lending function
  • Direct partnership with experienced Credit and Commercial Banking leadership
  • Meaningful opportunity to influence credit practices, portfolio management, and process improvement
Bay State Bank is committed to offering compensation that is fair, competitive, and informed by the market. The salary range for this position starts at $110,000 annually, with final offers determined based on a candidate’s individual qualifications, including experience, skills, education, and any relevant certifications.
We also take a thoughtful approach to internal equity, ensuring that compensation decisions are aligned with our existing team and consistent across the organization. As part of our commitment to growth and development, starting offers are typically positioned to allow for future progression over time.
We encourage open dialogue throughout the hiring process and welcome any questions related to compensation and benefits to ensure clarity and alignment for both you and our team.

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