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Credit Risk Manager Jobs in Linden, NJ (NOW HIRING)

Octane

Manager, Credit Risk Strategy

New York, NY · On-site

$110K - $150K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

We are seeking a highly analytical Credit Risk Strategy Manager to support our team. As a vital member of the team, you will establish and oversee credit strategies that align with our risk appetite ...

Cross River

VP, Commercial Credit Risk

Fort Lee, NJ · On-site

What We're Looking For The Vice President, Commercial Credit Risk serves as a critical second line of defense within the Credit Risk Management division of a FDIC-regulated community bank ...

Octane

Manager, Credit Risk Strategy

New York, NY · On-site

$110K - $150K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

We are seeking a highly analytical Credit Risk Strategy Manager to support our team. As a vital member of the team, you will establish and oversee credit strategies that align with our risk appetite ...

Colorwave Inc

Director, Credit Risk

Manhattan, NY · On-site

$231K - $289K/yr

You'll oversee a multi-layered team of managers and credit professionals responsible for managing portfolio performance, credit decisions, and customer risk across a rapidly growing commercial ...

Brex

Director, Credit Risk

Manhattan, NY · On-site

By combining global corporate cards and banking with intuitive spend management, bill pay, and ... Credit Risk at Brex Credit Risk plays a critical role in enabling Brex's growth by balancing ...

Brex

Director, Credit Risk

New York, NY · Hybrid

$231K - $289K/yr

You'll oversee a multi-layered team of managers and credit professionals responsible for managing portfolio performance, credit decisions, and customer risk across a rapidly growing commercial ...

BNY

Director, Credit Risk Review

Manhattan, NY · On-site

Manage, develop, and coach a team of credit risk review professionals, by setting clear performance expectations, providing technical and behavioral feedback, and fostering a culture of challenge ...

Brex

Director, Credit Risk

New York, NY · On-site

By combining global corporate cards and banking with intuitive spend management, bill pay, and ... Credit Risk at Brex Credit Risk plays a critical role in enabling Brex's growth by balancing ...

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All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Linden, NJ

Credit Risk Manager information

See Linden, NJ salary details

$89.4K

$163.6K

$247.5K

How much do credit risk manager jobs pay per year?

As of Aug 16, 2026, the average yearly pay for credit risk manager in Linden, NJ is $163,571.00, according to ZipRecruiter salary data. Most workers in this role earn between $137,900.00 and $183,400.00 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.

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Cities near Linden, NJ with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you

Credit Risk Model Owner

Sumitomo Mitsui Financial Group, Inc.

Manhattan, NY • On-site

$85K - $131K/yr

Full-time

Re-posted 26 days ago

Job description

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $85,000.00 and $131,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
SMBC is seeking a Credit Risk Model Owner Associate to serve as local model owner to monitor and manage credit risk related models for the SMBC Americas Division portfolio. This role is expected to conduct regular model monitoring procedure, finding management, and model governance, communicate with key model stakeholders including Tokyo Head Office, develop credit risk model and report to team leads and senior management.
Role Objectives: Delivery
  • Conduct model performance monitoring based on monitoring plan and subsequent revisions, communicate with team leads, model validation team, model users and other stakeholders
  • Maintain the credit risk related model inventories, work with model validators to prepare the model documentation package, model attestation, etc.
  • Address model risk findings which are issued by model validation group and internal audit generally
  • Develop internal credit risk models collaborating with Tokyo Head Office, Model Validation team and/or external vendors
  • Periodic monitoring on the use of credit models to identify and examine the need for enhancements of the models and their user guidance including training to model users
  • Enhance model management, governance processes and model documentation standards to improve efficiency and accuracy of model validation process

Role Objectives: Interpersonal
  • Communicate with various model stakeholders, including model users, model validators and internal auditors across the bank including Tokyo Head Office
  • Report to team leads and senior management and also lead and train junior members
  • Recommend enhancements to data management process to improve efficiency and accuracy of ongoing performance monitoring
  • Consider the best approach to address the issues and feedback from model users
  • Make presentations to senior management and regulators about credit risk related models and make trainings to model users

Role Objectives: Expertise
  • Strong knowledge of Model Risk Management framework, regulation and industry practice (Experience related to Credit Risk Rating Model is better)
  • Good experience and knowledge as Credit Risk Model Owner including developing credit rating models and documentation
  • Strong presentation skills to create visualized charts/materials for readers including regulators and senior management
  • Demonstrated ability to work independently and successfully manage multiple priorities and stakeholders under pressure
  • Ability to communicate appropriately at different levels of the organization to build collaborative relationships

Qualifications and Skills
  • Minimum work experience in model risk management of two years or more such as either model developer, model validator or both (experience related to credit risk rating models is highly desirable)
  • Major in Probability/Statistics/Financial Mathematics/Computer Science preferred
  • Master Degree/CFA/FRM preferred
  • Highly desirable technical and quantitative analysis skills with statistic knowledge and with technical knowledge such as using Excel (VBA), MS Access, SQL, SAS and Python.
  • Excellent interpersonal and written and verbal communication skills
  • Japanese language skill a plus

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

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