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Credit Risk Manager Jobs in Boston, MA (NOW HIRING)

M&T Bank

Commercial Credit Associate

Boston, MA · On-site

Manage the ongoing credit risk of existing loan portfolios through continuous credit monitoring (CCM) activities enabling the timely identification of emerging credit risk so that appropriate actions ...

MUFG

Analyst/Associate, Credit Risk Professional

Boston, MA · Hybrid

$100K - $140K/yr

This includes origination, loan structuring, navigating the credit approval process, and managing ... Support the communication with the credit approval division to ensure alignment of risk strategy ...

Deloitte

Financial Risk Manager

Boston, MA · On-site

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 ...

Robert Half

Enterprise Risk Oversight Analyst

Norwood, MA · On-site

$45 - $55/hr

... risk, credit risk, and enterprise risk management. • Demonstrated ability to produce risk reporting and analytics, including risk appetite reporting, KRI development, and trend analysis. • ...

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$260.2K

How much do credit risk manager jobs pay per year?

As of Jun 11, 2026, the average yearly pay for credit risk manager in Boston, MA is $171,991.00, according to ZipRecruiter salary data. Most workers in this role earn between $145,000.00 and $192,800.00 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 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 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 Boston, MA? The most popular types of Credit Risk jobs in Boston, MA are:
What are popular job titles related to Credit Risk Manager jobs in Boston, MA? For Credit Risk Manager jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Credit Risk Manager jobs in Boston, MA look for? The top searched job categories for Credit Risk Manager jobs in Boston, MA are:
What cities near Boston, MA are hiring for Credit Risk Manager jobs? Cities near Boston, MA with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Credit Process and Analytics Analyst

Credit Process and Analytics Analyst

Massachusetts Mutual Life Insurance Company (MassMutual)

Boston, MA • On-site

$104K - $137K/yr

Full-time

Posted 6 days ago

MassMutual rating

8.1

Company rating: 8.1 out of 10

Based on 33 frontline employees who took The Breakroom Quiz

132nd of 260 rated insurance

Job description

Credit Process and Analytics Analyst
Enterprise Risk Management Team
Full-Time
Boston, MA, Springfield, MA or New York, NY
The Opportunity
As a Credit Process and Analytics Analyst, you'll support the credit risk analytics and allowance workflow supporting the firm's Allowance for Credit Losses (ACL) across CECL and Available-for-Sale (AFS) portfolios. In partnership with the Head of CECL Credit Analytics, you'll work on the end-to-end credit risk component of the allowance lifecycle-from model execution through portfolio assessment and qualitative adjustments-ensuring outputs are accurate, well-documented, and aligned to accounting and model governance standards. You'll partner closely with Finance and Accounting to deliver clear, timely credit insights that support enterprise allowance reporting in a matrixed environment.
The Team
You'll join Credit & Investment Risk Management (CIRM), partnering with portfolio management, fundamental credit analysis, Finance/Controllership, Model Risk Management, and data/technology teams. The team combines quantitative modeling expertise with credit judgment to explain allowance movements, identify emerging risks, and support high-quality financial reporting. The culture is analytical, collaborative, and focused on strong governance and documentation.
The Impact
In this role, you'll support the execution of credit risk analytics and allowance activities, working closely with senior team members and cross-functional partners to deliver accurate, well-documented outputs that support financial reporting.
Credit Risk Analytics & Allowance Execution
  • Execute monthly and quarterly credit loss models for CECL and AFS portfolios, and analyze model outputs, key assumptions, and drivers of change.
  • Support sensitivity analysis, stress testing, and portfolio reviews to assess the impact of economic conditions and emerging credit risks.

Qualitative Adjustments & Portfolio Review
  • Assist in developing and documenting credit-driven qualitative adjustments to address model limitations and portfolio-specific risks.
  • Partner with portfolio managers and credit analysts to incorporate credit migration trends, sector developments, and fundamental risk insights.
  • Perform AFS security reviews to support credit impairment assessments.

Cross-Functional Partnership & Governance
  • Support Finance, Accounting, and Model Risk Management with accurate credit analytics, documentation, and materials for financial reporting and model validation.
  • Maintain clear documentation of processes, assumptions, and methodologies, and assist with internal and external audit requests.

Minimum Qualifications
  • Bachelor's degree in Actuarial Science, Quantitative Finance, Financial Engineering, Computer Science, Mathematics, Physics, Engineering, or similar quantitative discipline
  • 3+ years of experience in credit risk management, credit analytics, or quantitative risk modeling within the financial services industry.
  • 3+ years of experience working with credit risk fundamentals, portfolio credit quality metrics (PD, LGD, EAD), CECL (ASC 326), or AFS impairment standards.
  • 3+ years of experience analyzing large datasets, interpreting complex model outputs, and synthesizing findings into clear, credit-focused narratives.

Ideal Qualifications
  • 7+ years of quantitative risk analytics experience.
  • Master's or PhD in a quantitative discipline
  • Experience with public/private credit, structured products, and derivatives.
  • Familiarity with Moody's analytics tools and controlled processes.
  • Experience automating analytics and reporting workflows.
  • Excellent ability to explain highly technical credit and modeling concepts to non-technical stakeholders, particularly in Finance and Accounting.
  • Demonstrated ability to apply AI-assisted tools to improve efficiency, deepen analysis, or generate new insights, with sound judgment

MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:
  • Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes
  • A collaborative environment where perspectives are welcomed
  • Access to learning, development, and internal networks that support continuous growth and skill-building over time
  • Employee-led communities and forums that foster connection, learning, and inclusion across the organization
  • A culture grounded in integrity, responsibility, and stewardship-supported by a company with a strong legacy and a future-focused mindset

#LI-FT1
Salary Range:
$104,900-$137,700
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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