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Credit Risk Manager Jobs in New Jersey (NOW HIRING)

Chase

Credit Review, Vice President

Jersey City, NJ · On-site

Partner with Credit Risk Management stakeholders to establish strong working relationships while maintaining independence. * Ensure consistent application of firm wide Risk Policy as well as Credit ...

Monitise

Risk Manager

Berkeley Heights, NJ

$87K - $146K/yr

Any time you swipe your credit card, pay through a mobile app, or withdraw money from the bank, w ... Job Title Risk Manager About your role: You will serve as the Line of Business (LOB) Risk Manager ...

Td

Audit Manager II - Credit Risk

Mount Laurel, NJ · On-site +1

$92K - $149K/yr

Audit The Credit Risk Audit Manager II is accountable for overseeing the planning and execution for audits covering discrete business units or functional corporate areas. The job will also oversee ...

Topaz HR

Chief Credit Officer

Toms River, NJ · On-site

Lead underwriting, credit, and risk management functions * Develop and enhance credit policies, risk frameworks, and approval processes * Oversee portfolio performance, pricing discipline, and risk ...

Deloitte

Financial Risk Manager

Morristown, NJ

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

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Credit Risk Manager information

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$87.8K

$160.7K

$243.2K

How much do credit risk manager jobs pay per year?

As of Aug 17, 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.

More about Credit Risk Manager jobs

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 job categories do people searching Credit Risk Manager jobs in New Jersey look for?

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

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

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in New Jersey as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 13% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $160,724 per year, or $77.3 per hour.

Wholesale Credit Quantitative Research - Senior Associate

JP Morgan Chase

Jersey City, NJ • On-site

Full-time

Medical, Retirement

Posted 24 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 495 frontline employees who took The Breakroom Quiz

71st of 171 rated banks

Job description

Help strengthen how we measure and manage risk in cleared derivatives. You will build quantitative models and tools that assess central counterparty margin adequacy and support counterparty credit risk management. Working with partners across controls and technology, you will take research into practical, production-ready solutions. Your work will directly inform risk frameworks and governance.

Job summary 

As a Quantitative Research Senior Associate in Wholesale Credit Risk Quantitative Research, you will develop models and tools that assess central counterparty margin adequacy and support counterparty credit risk management for cleared derivatives. You will collaborate with a team that values strong partnerships, thoughtful analysis, and clear communication. You will work closely with risk governance and control partners to support a well-managed model lifecycle. You will engage technology partners to help deliver scalable, production-ready solutions.

Job responsibilities 

  • Develop expertise in quantitative topics related to central counterparties and cleared derivatives
  • Create models and tools to assess the adequacy of margin requirements for cleared derivatives
  • Develop and enhance models and toolsets that evaluate the effectiveness of counterparty risk frameworks
  • Build statistical models and analytics to assess and manage counterparty credit risk
  • Partner with risk governance and control teams to support model oversight and ongoing reviews
  • Collaborate with technology partners to implement, test, and deploy production-ready models and tools
  • Document assumptions, methodologies, and limitations clearly to support transparency and re-use

  • Communicate findings and recommendations in a clear, logical way to technical and non-technical stakeholders

Required qualifications, capabilities, and skills 

  • Doctorate or master's degree (or equivalent) in financial engineering, operations research, statistics, mathematics, computer science, economics, or a related field
  • 3 years of experience in quantitative research, quantitative strategy, or a closely related quantitative role
  • Proficiency in Python for model development and data analysis
  • Strong understanding of cleared derivatives and risk management methodologies, including value at risk and stress testing, across asset classes
  • Excellent verbal and written communication skills, with the ability to articulate analysis clearly and logically
  • Demonstrated attention to detail and the ability to deliver across multiple time-sensitive timelines
  • Strong risk and control mindset and a track record of effective cross-team partnership
     

Preferred qualifications, capabilities, and skills 

  • Proficiency in R in addition to Python
  • Experience assessing central counterparty margin methodologies and margin adequacy
  • Experience developing or enhancing counterparty credit risk models for derivatives
  • Experience deploying analytical models into production environments in partnership with engineers
  • Familiarity with model governance expectations, documentation, and ongoing monitoring practices
  • Experience working with cleared products across multiple asset classes
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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