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Credit Risk Manager Jobs in Rhode Island (NOW HIRING)

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Credit Risk Manager information

See Rhode Island salary details

$84.7K

$155K

$234.5K

How much do credit risk manager jobs pay per year?

As of Aug 4, 2026, the average yearly pay for credit risk manager in Rhode Island is $155,037.00, according to ZipRecruiter salary data. Most workers in this role earn between $130,700.00 and $173,800.00 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 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 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 Rhode Island? The most popular types of Credit Risk jobs in Rhode Island are:
What are popular job titles related to Credit Risk Manager jobs in Rhode Island? For Credit Risk Manager jobs in Rhode Island, the most frequently searched job titles are:
What job categories do people searching Credit Risk Manager jobs in Rhode Island look for? The top searched job categories for Credit Risk Manager jobs in Rhode Island are:
What cities in Rhode Island are hiring for Credit Risk Manager jobs? Cities in Rhode Island with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Rhode Island as of July 2026, with employment types broken down into 84% Full Time, 15% Part Time, and 1% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $155,037 per year, or $74.5 per hour.

Commercial Credit Administration Manager

washingtontrust

Westerly, RI

$75K - $85K/yr

Other

Posted 19 days ago

Job description

Commercial Credit Administration Manager

Washington Trust has an opportunity for an experienced commercial credit administration professional to join our Credit Risk team as a Commercial Credit Administration Manager. This role is responsible for overseeing commercial loan documentation quality control, credit administration functions, operational risk management processes, and staff development within the Credit Risk function. The successful candidate will serve as a key resource for commercial loan documentation, regulatory compliance, operational controls, and risk management matters while supporting the Bank's commitment to strong credit governance and sound risk management practices.

 

Why Washington Trust

At Washington Trust, your work has visible impact; on our customers, our colleagues, and the communities we serve. This role offers the opportunity to contribute to strong credit governance, support effective commercial lending operations, and help lead process improvement within a relationship-focused community banking environment. The Commercial Credit Administration Manager will work closely with Credit Risk, Commercial Banking, internal partners, auditors, and other stakeholders to support well-controlled, compliant, and efficient lending processes.

 

In this role, you'll have the opportunity to:

  • Lead commercial loan documentation quality control efforts, ensuring documentation is accurate, complete, and compliant with approved loan terms, regulatory requirements, and Bank policies.
  • Oversee key credit administration processes, including documentation exception management, annual borrower reviews, credit risk reporting, and support for criticized and workout assets.
  • Serve as a subject matter expert on commercial loan documentation, operational controls, regulatory compliance, and risk management matters.
  • Support internal and external audits, regulatory examinations, record retention requirements, and operational risk management initiatives.
  • Partner with Commercial Banking and other internal stakeholders to ensure effective loan documentation, collateral management, and process execution.
  • Lead system administration, access management, vendor oversight, and other operational support activities in accordance with Bank policies and information security standards.
  • Supervise, coach, and develop team members while fostering a culture of accountability, collaboration, and continuous improvement.

 

Key Qualifications

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field preferred.
  • 5+ years of experience in commercial banking, credit administration, loan operations, or commercial loan documentation.
  • Strong knowledge of commercial lending documentation, collateral perfection, UCC filings, flood regulations, and related compliance requirements.
  • Experience supporting internal and external audits, regulatory examinations, and risk management activities.
  • Demonstrated leadership experience with the ability to supervise, coach, and develop employees.
  • Strong analytical, organizational, and problem-solving skills with exceptional attention to detail.
  • Excellent written and verbal communication skills and the ability to collaborate effectively across business lines.
  • Proficiency with commercial loan systems and Microsoft Office applications.

 

Compensation

A good-faith, reasonable estimate of the base salary range for this role is $75,000 - $85,000, and the actual offer will depend on factors such as experience, skills, training, certifications, and education. This base salary reflects one component of our competitive compensation package. This position may be eligible for an annual bonus and includes a comprehensive benefits package.

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