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Credit Risk Manager Jobs in Berrien Springs, MI (NOW HIRING)

Tire Rack

Sr. Credit Representative

South Bend, IN · On-site

$22 - $26/hr

Assess and manage credit risk while helping minimize potential financial losses. * Develop recommendations for credit terms and account management strategies based on account performance.

Crowe LLP

Loan Review Senior Consultant

South Bend, IN · On-site

... credit policies; portfolio management; allowance for loan and lease losses; loan review and remediation * Thorough knowledge of federal and state banking laws related to credit risk * Prior ...

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All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Berrien Springs, MI

Credit Risk Manager information

See Berrien Springs, MI salary details

$79.8K

$146.1K

$221.1K

How much do credit risk manager jobs pay per year?

As of Aug 20, 2026, the average yearly pay for credit risk manager in Berrien Springs, MI is $146,134.00, according to ZipRecruiter salary data. Most workers in this role earn between $123,200.00 and $163,800.00 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.
More about Credit Risk Manager jobs

What cities near Berrien Springs, MI are hiring for Credit Risk Manager jobs?

Cities near Berrien Springs, MI with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Berrien Springs, MI as of August 2026, with employment types broken down into 83% Full Time, 14% Part Time, 1% Temporary, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $146,134 per year, or $70.3 per hour.

International Senior Credit Risk Specialist I, South Bend, IN (On-Site)

1st Source Bank

South Bend, IN • On-site

Full-time

Re-posted 26 days ago

1st Source Bank rating

8.8

Company rating: 8.8 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

16th of 171 rated banks

Job description

POSITION SUMMARY
Responsible for performing advanced and specialized credit analysis of domestic and international loan transactions for current and prospective customers. This role requires the application of theoretical and practical knowledge in finance, accounting, and international credit risk analysis to evaluate financial condition, repayment capacity, and overall creditworthiness.
 
The position focuses on cross-border lending and international customer portfolios, including the analysis of foreign financial statements, economic conditions, and country-specific risks. Exercises independent judgment and discretion in evaluating complex financial information and recommending credit decisions.
 
ESSENTIAL REQUIREMENTS
  • Performs in-depth analysis of complex commercial and international credit transactions, including new loan requests, renewals, and modifications.
  • Analyzes financial statements (domestic and foreign), including balance sheets, income statements, and cash flow statements prepared under varying accounting standards.
  • Evaluates credit risk associated with international customers, including foreign exchange exposure, sovereign/country risk, political and economic conditions, and cross-border legal considerations.
  • Conducts quantitative financial modeling and ratio analysis to assess repayment capacity and financial stability.
  • Reviews and interprets credit reports, third-party financial data, and industry research to support credit recommendations.
  • Assesses adequacy and valuation of collateral, including assets located in foreign jurisdictions.
  • Prepares comprehensive written credit analyses and recommendations for approval, demonstrating clear rationale and risk assessment.
  • Communicates credit decisions and findings effectively to internal stakeholders, including sales teams and senior management.
  • Maintains and performs periodic reviews of existing credit relationships, identifying changes in risk profile.
  • Conducts industry and regional research, particularly for international markets in which customers operate.
  • Collaborates with Senior Credit Analysts and management on complex or high-risk credit relationships.
  • Ensures compliance with all applicable banking regulations, credit policies, and risk management standards.
  • Regular and predictable attendance is an essential function of the position.
  • Complete all required compliance and regulatory training.
 
NON-ESSENTIAL FUNCTIONS
Performs all other duties as assigned.
 
EXPERIENCE/SKILLS
  • Minimum of five (5) years of experience in commercial credit analysis, financial analysis, banking, or a related field, preferably including exposure to international credit or cross-border transactions.
  • Demonstrated ability to apply advanced financial and accounting principles to analyze complex financial statements and credit structures.
  • Knowledge of international financial reporting considerations, foreign exchange risk, and global economic factors impacting credit risk.
  • Strong proficiency in financial modeling, ratio analysis, and risk assessment techniques.
  • Ability to exercise independent judgment and discretion in evaluating creditworthiness and making recommendations.
  • Strong analytical, problem-solving, and organizational skills with a high degree of accuracy and attention to detail.
  • Proficiency in Microsoft Excel and Word, including advanced data analysis capabilities.
  • Excellent written and verbal communication skills, including the ability to present complex financial information clearly and concisely.

EDUCATION
Bachelor’s Degree in Accounting, Finance, Business Administration, or a closely related field with a concentration in finance or financial analysis is required.
 
LANGUAGE REQUIREMENTS
Portuguese language proficiency is required to effectively analyze financial documents, communicate with clients, and evaluate credit risk for Portuguese-speaking international customers and markets.
 
Spanish language proficiency is preferred to support additional international customer relationships.
 
TRAVEL REQUIREMENTS
Ability to travel to various locations, including occasional overnight travel, as needed for meetings, customer visits, and business-related activities.
 
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.
 
While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.

EQUIPMENT
Standard office equipment including PC, phone, and Microsoft Office applications.

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