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Credit Risk Manager Jobs in Virginia (NOW HIRING)

Freddie Mac

Portfolio Risk Lead - Servicing

Mclean, VA · On-site

This role sits at the center of Freddie Mac's enterprise financial risk oversight, shaping how the company anticipates, measures, and manages Single-Family (SF) credit risk across the economic cycle.

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$85.8K

$157K

$237.4K

How much do credit risk manager jobs pay per year?

As of May 30, 2026, the average yearly pay for credit risk manager in Virginia is $156,954.00, according to ZipRecruiter salary data. Most workers in this role earn between $132,400.00 and $176,000.00 per year, depending on experience, location, and employer.

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 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.

Does credit risk pay well?

Credit risk managers typically earn competitive salaries that vary based on experience, location, and industry. They often receive additional benefits and may need certifications such as CFA or FRM, with higher salaries generally associated with senior roles and specialized skills.

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 Virginia? The most popular types of Credit Risk jobs in Virginia are:
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What job categories do people searching Credit Risk Manager jobs in Virginia look for? The top searched job categories for Credit Risk Manager jobs in Virginia are:
What cities in Virginia are hiring for Credit Risk Manager jobs? Cities in Virginia with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Portfolio Risk Lead - Servicing

Portfolio Risk Lead - Servicing

Freddie Mac

Mclean, VA • On-site

Full-time

Posted 10 days ago

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
We are seeking a Portfolio Credit Risk Lead for Single Family Portfolio & Servicing. This role sits at the center of Freddie Mac's enterprise financial risk oversight, shaping how the company anticipates, measures, and manages Single-Family (SF) credit risk across the economic cycle. You will translate macroeconomic and industry trends to provide context for SF portfolio performance.
As an independent risk leader, you'll provide effective challenge to business risk management, strengthen risk governance and utilize your broad experience in all aspects of mortgage loan servicing and the related credit risks. You'll partner closely across Enterprise Risk, Internal Audit and the business to monitor key risk indicators, identify emerging risks, assess new initiatives and policy changes, and evaluate portfolio strategies such as loss mitigation and liquidation approaches.
Our Impact:
The Financial Risk team within the Enterprise Risk Division is responsible for oversight and effective challenge of the company's most important risks. Together, we:
  • Establish governance, policies, and standards that define how the company manages financial risks to support safety and soundness
  • Monitor and report on the risk and control profiles, financial risk appetite, and performance of risk indicators and metrics against thresholds and limits
  • Communicate enterprise-wide risk management issues and emerging risks and monitor effective and timely issue resolution
  • Provide timely and independent oversight and effective challenge of the company's financial risk management practices and risk-taking activities

Your Impact:
  • Build strong partnerships with Single-Family counterparts and across Enterprise Risk Management
  • Monitor KRIs and other risk metrics to measure credit risk exposure impacted by servicing activities; monitor performance against risk appetite thresholds and identify key drivers
  • Monitor industry and macroeconomic conditions; monitor trends, developing issues and emerging risks
  • Participate in or lead independent oversight and assessment of Single-Family Portfolio & Servicing policy and servicer performance activities
  • Conduct risk assessments including Process, Risk & Control (PRC) reviews; coordinate GRC monitoring
  • Review SF New Products/New Initiatives, Significant Changes and FHFA Directives for credit risk exposure and downstream impacts
  • Review and assess SF Servicing Policy changes and issued Terms of Business for credit exposure
  • Monitor Single Name Servicer oversight, monitor monthly servicer scorecards, review scorecard methodology changes
  • Provide focused analysis on Top 25 SF Servicer performance, monitor CRR Servicing Risk Scores
  • Attend Seller/Servicer Forum and Third-Party Risk oversight meetings
  • Monitor Transfers of Servicing (TOS) and VPC transfers
  • Participation in Contingency planning activities with the business, Operational Risk and Counterparty Risk stakeholders
  • Review servicer capacity strategy and provide assessment on planned capacity vs portfolio delinquency trends
  • Provide oversight of SQA & Remedy results, provide SQA Annual Plan Assessment and Annual Flood Insurance Review
  • Complete reviews of 1L SFPS policies and procedures for compliance with corporate risk policies.
  • Monitor compliance with corporate risk policies, standards and Compliance Obligations governing portfolio consumer credit risk management activities
  • Review and maintain departmental policies and procedures
  • Support ongoing reporting and assessments to management
  • Coordinate Internal Audit and FHFA Targeted Exams for SF Policy & Servicing activities
  • Perform other ad-hoc risk analysis as needed

Qualifications:
  • 8 + years of experience at a large mortgage servicer or in a servicing area of a GSE or HUD
  • 8 + years of experience in risk management within a large financial institution
  • Ability to provide independent risk assessments with limited supervision
  • Experience with process, risk and controls reviews and assessments
  • In-depth knowledge of the loan lifecycle of a SF mortgage; knowledge of performing and default management, including bankruptcy, foreclosure and REO management
  • Knowledge of borrower behavior, federal regulations related to real estate and collections, and collateral valuation
  • Knowledge of GSE Guide requirements, including insurance, title and escrow
  • Working knowledge of structured finance, investor reporting and disclosures, ability to anticipate downstream impacts and possible obstacles due to policy or program changes
  • Experienced in credit policy development

Keys to Success in this Role:
  • Ability to maintain up-to-date knowledge of macroeconomic conditions, industry trends and emerging risks
  • Strong interpersonal and communication skills, ability to work across risk teams and first- and third-line counterparts
  • Ability to work under pressure effectively to resolve issues and meet deadlines in a dynamic environment
  • Attention to detail, ability to produce timely, high-quality and well-documented oversight outcomes
  • Strong organizational skills, willingness to learn adjacent areas of the business

Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $130,000 - $196,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
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About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

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