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Credit Risk Manager Jobs in New Jersey (NOW HIRING)

NJ · On-site

$188.18 - $195/hr

Provide accurate and timely reporting on credit risks to inform regulatory and management decisions ... Participate in definition of risk policies and ensure that agreed upon policies are properly ...

Take ownership for managing risk and strengthening controls in relation to the work done. * Perform ... Barclays Services Corp. seeks AVP, Credit Risk Reporting (multiple positions) in Whippany, NJ:

NJ · Hybrid

$195K/yr

Provide accurate and timely reporting on credit risks to inform regulatory and management decisions ... Participate in definition of risk policies and ensure that agreed upon policies are properly ...

The Counterparty Credit Risk team reviews financial statements, regulatory filings, negative news ... Manager support, mentorship, peer connection, and opportunities to build your network.

Showing results 21-40

Credit Risk Manager information

See New Jersey salary details

$87.8K

$160.7K

$243.2K

How much do credit risk manager jobs pay per year?

As of Sep 7, 2026, the average yearly pay for credit risk manager in New Jersey is $160,724.00, according to ZipRecruiter salary data. Most workers in this role earn between $135,500.00 and $180,200.00 per year, depending on experience, location, and employer.

What is a credit risk manager?

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 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 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.

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 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.

How much do credit risk managers make in the US?

Credit risk managers in the US typically earn a median annual salary of around $85,000 to $125,000, with experienced professionals and those in senior roles earning higher. Salaries can vary based on industry, location, and level of experience, and certifications like CFA or FRM can enhance earning potential.

What are the most commonly searched types of Credit Risk jobs in New Jersey?

The most popular types of Credit Risk jobs in New Jersey are:

What are popular job titles related to Credit Risk Manager jobs in New Jersey?

For Credit Risk Manager jobs in New Jersey, the most frequently searched job titles are:

What cities in New Jersey are hiring for Credit Risk Manager jobs?

Cities in New Jersey with the most Credit Risk Manager job openings:

Infographic showing various Credit Risk Manager job openings in New Jersey as of August 2026, with employment types broken down into 84% Full Time, 12% Part Time, 2% Temporary, and 2% Contract. Highlights an 79% Physical, 3% Hybrid, and 18% Remote job distribution, with an average salary of $160,724 per year, or $77.3 per hour.

VP, Consumer & Counterparty Credit Risk

Cross River

Fort Lee, NJ • On-site

$200K - $250K/yr

Full-time

Re-posted 27 days ago


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
Reporting into the Chief Credit Risk Officer, we are seeking a VP, Consumer Credit Risk & Counter Parrty who will be responsible for the 2nd line oversight of Consumer Credit Risk for retained Consumer Portfolios, Payments, and Structured Financing risk arising from lending against consumer assets to partners or settlement risk with payment processes.
The Head of Consumer Credit Risk will identify, assess, measure, and manage retained credit risk for consumer assets on CRB's balance sheet. This person will also be responsible for conducting independent credit risk assessments for consumer assets originated through partners, providing effective challenge to first line teams and partner risk teams, and ensuring that significant risks are promptly identified and collateralized.
Responsibilities:
  • Monitoring and continued enhancement of the credit risk appetite framework as applied to consumer assets.
  • Identify and develop credit risk metrics reporting (e.g., KRIs and KPIs) to continuously monitor and oversee risk of consumer assets
  • Provide effective challenge to first line and partner risk teams through independent reviews of critical credit risk processes which includes underwriting, and portfolio management, collections, and recoveries.
  • Independently review structured credit facilities offered to partners originating consumer assets.
  • Ongoing monitoring of consumer loan retained portfolios
  • Approval of limits and reserve settings
  • Escalate issues and emerging risks in accordance with risk appetite program to Chief Credit Risk Officer and senior management

Qualifications:
  • 15+ years leadership experience in consumer life-cycle risk management covering underwriting, portfolio management, collections, and recoveries.
  • Experience in profitability-based risk reward assessments (NPV) and use of model-based assessment frameworks.
  • Significant experience in unsecured closed end, and revolving products. Secured consumer product experience a plus.
  • Experience in end to end prime-sub-prime portfolio management
  • Experience with Payments, Nacha rules, and network chargeback rules.
  • Familiarity with Stress Testing
  • Strong business acumen with a risk-reward control perspective.
  • Familiarity with applicable consumer regulatory requirements.
  • Demonstrated ability to successfully manage multiple priorities under pressure;
  • Degree in quantitative or a related field

#LI-JJ1 #LI-Hybrid #LI-Onsite
Salary Range: $200,000.00 - $250,000.00
Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.