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Credit Risk Manager Jobs in Rhode Island (NOW HIRING)

Effectively manages competing priorities of requests working under strict deliverables Required ... which may include initial credit, motor vehicle record, public record, prior employment ...

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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 Jul 14, 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.

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.
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:
Intern - Policy and Procedure

Intern - Policy and Procedure

Navigant Credit Union

Smithfield, RI • On-site

$14.50 - $19.25/hr

Temporary

Medical, Dental, Vision, Retirement

Posted 14 days ago


Job description

ABOUT THE ROLE:
The Policies & Procedures Intern position offers hands-on experience supporting the full lifecycle of organizational policies and procedures within our Integrated Risk Management (IRM) system, RSA Archer. The intern will help manage document workflows, track approvals, maintain version control, and ensure compliance with established formatting and governance standards. The role also supports efforts to enhance and modernize Navigant's policy management framework, including preparing documentation for artificial intelligence (AI) utilization. Responsibilities include standardizing document structure, formatting content for consistency, and organizing metadata to improve automation and searchability across systems. The intern will collaborate with internal stakeholders to align content with enterprise standards and may assist with foundational gap analysis activities. This opportunity is ideal for a student interested in risk management, compliance, or business operations who wants practical experience in a highly regulated financial services environment while contributing to meaningful process improvements.
WHAT YOU WILL DO:
  1. Supports the administration of Navigant's Policy & Procedure Management program within the RSA Archer (IRM) platform
  2. Assists in coordinating document review and approval workflows, including routing policies to document owners and approvers and tracking completion status
  3. Maintains policy and procedure records by supporting version control, document updates, and archival processes to ensure audit readiness
  4. Reviews policies and procedures for formatting, consistency, and adherence to established governance and documentation standards
  5. Prepares and organize documents for artificial intelligence (AI) utilization by standardizing structure, tagging metadata, and ensuring content quality and consistency
  6. Performs detailed quality checks to ensure accuracy, completeness, and alignment with internal standards and regulatory expectations
  7. Assists with organizing and maintaining document libraries, ensuring ease of access and proper classification within the system
  8. Supports process improvement initiatives related to policy lifecycle management and documentation efficiency
  9. Assists with foundational gap analysis activities by comparing existing policies and procedures as needed.
  10. Provides general administrative and operational support to the Policy & Procedure Management team as needed
  11. Performs all other duties as assigned by the Policies & Procedures/Donations Manager.

QUALIFICATIONS:
Education
Currently enrolled as a junior-level undergraduate student pursuing a degree in Business, Finance, Risk Management, Compliance, Operations or a related field
Experience/Skills/Knowledge:
  1. Must have a strong attention to detail with the ability to review and analyze documents for accuracy, consistency, and completeness
  2. Excellent organizational and time management skills with the ability to manage multiple tasks and meet deadlines in a structured environment required
  3. Strong written and verbal communication skills, with the ability to interact professionally with internal stakeholders required
  4. Must possess a strong service orientation in alignment with the credit union's mission and core values.
  5. Proficiency in Microsoft Office applications, particularly Word, Excel and PowerPoint required
  6. Must have the ability to follow established processes and governance standards while maintaining a high level of accuracy
  7. Must have a demonstrated ability to learn new systems and technology; interest in working with enterprise platforms such as RSA Archer or similar systems is a plus
  8. Basic understanding of business processes, compliance, or risk management concepts is preferred but not required
  9. Interest in data organization, or process improvement initiatives is a plus
  10. Must have the ability to work both independently and collaboratively in a professional office environment within a regulated financial services organization
  11. Must have the ability to function in a financial institution environment and utilize standard office equipment including but not limited to; fax, copier, telephone, etc.

ABOUT:
People helping people is what makes Navigant Credit Union truly special. Our mission is to improve the financial well-being of the families, businesses, and communities we serve, and have been since our founding in 1915.
At $4 billion in assets, Navigant Credit Union is the largest credit union in Rhode Island and third largest in New England. Our success is founded upon our community-based values and our belief in putting people first. These are just a few of the reasons why Navigant Credit Union has been named "Rhode Island's Best Place to Work" year-after-year by the Providence Business News.
Our Core Values of "Leadership, Unity, Caring, and Integrity" are the guiding principles for our organization. They are the qualities and/or traits that we consider a high priority for Navigant Credit Union employees.
Navigant Credit Union prides itself on investing in our workforce, while exceeding member expectations. We offer tremendous opportunities for professional development, career advancement, and a best-in-class benefits package including robust medical and dental plans, vision benefits, 401(k) with a generous employer match, tuition reimbursement, competitive salaries, paid volunteer days, and more.
If you believe you'd be a great fit, and are interested in joining our team, check out our open positions and apply today!