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Credit Risk Manager Jobs in Marion, IA (NOW HIRING)

Bank of Montreal

Retail Relationship Banker

Coralville, IA · On-site

$17 - $22.25/hr

Applies the risk management framework to the portfolio to protect the Bank's assets and maintain ... Makes credit recommendations for personal lending transactions, including home financing, in ...

Bank of Montreal

Retail Relationship Banker

Coralville, IA · On-site

$17 - $22.25/hr

Applies the risk management framework to the portfolio to protect the Bank's assets and maintain ... Makes credit recommendations for personal lending transactions, including home financing, in ...

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All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Marion, IA

Credit Risk Manager information

See Marion, IA salary details

$86.2K

$157.8K

$238.8K

How much do credit risk manager jobs pay per year?

As of Jul 17, 2026, the average yearly pay for credit risk manager in Marion, IA is $157,838.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,100.00 and $177,000.00 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.
More about Credit Risk Manager jobs
What are the most commonly searched types of Credit Risk jobs in Marion, IA? The most popular types of Credit Risk jobs in Marion, IA are:
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What cities near Marion, IA are hiring for Credit Risk Manager jobs? Cities near Marion, IA with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
VP Credit Risk Management

VP Credit Risk Management

GreenState Credit Union

Clive, IA

$186K - $218K/yr

Full-time

Posted 20 days ago

Job description

The VP Credit Underwriting (VPCR) is a key member of senior management, responsible for designing, implementing, and overseeing credit underwriting for the organization. This role provides strategic direction to optimize portfolio performance while mitigating risk across Consumer, Mortgage and Commercial Lending portfolios. The VPCR will lead underwriting, policy development, and credit approval processes to ensure adherence to risk appetite, regulatory requirements and profitability targets.

GREENSTATE CULTURE:

At GreenState, our purpose is to create lasting value for our members, our communities, and one another. We empower our teams to create opportunities that strengthen financial well-being, transform lives, and enhance the vitality of the communities we serve. We know our success—now and in the future—is deeply rooted in fostering an engaging, diverse, and inclusive workplace where everyone knows they matter, their work makes an impact, and their everyday commitment to living our values is what brings our mission to life.  

Salary range for this position is $186,985.50 - $218,607.74 with a progressive benefit package. 


Performs essential duties and responsibilities in the following areas which may include but are not limited to those listed and are subject to change.
  1. Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
  2. Demonstrates a positive member service (internal and external) focus at all times.
  3. Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
  4. Ensures confidentiality of member information.
  5. Supports a diverse and inclusive work environment.
  6. Strategic Leadership & Governance
    • Develop and implement comprehensive credit underwriting strategies for Consumer, Mortgage, and Commercial lines of business, aligning with the Credit Union's overall risk appetite and growth goals.
    • Serve as a voting member of the Loan Committee, acting as the primary subject matter expert on complex credit decisions.
    • Ensure all credit policies, underwriting guidelines, and procedures are robust, current, and compliant with regulatory standards.
    • Provide regular reporting on portfolio quality, concentration risks, and emerging threats to the Executive Leadership Team.
    • Collaborate in the development processes to maximize recoveries, minimize losses, and support ongoing portfolio health through collaboration with Lending, Operations, Risk Analytics, Collections, Special Assets, and Legal.
  7. Underwriting & Risk Oversight
    • Oversee the underwriting departments for all lending products, ensuring consistent, high quality, and compliant decisioning.
    • Maintain expert knowledge of, and ensure compliance with, regulations such as Ability to Repay/Qualified Mortgage (ATR/QM), Fair Lending (Reg B), Regulation 723, and FCRA.
    • Review and approve high-level, complex credit underwriting memorandums, including commercial real estate (CRE) and C&I loans.
    • Identify and mitigate risks associated with lending products, including fraud, collateral, and concentration risks.
  8. Portfolio Management & Analytics
    • Monitor and report on Key Indicators (KIs); such as auto decisioning, approval and booking rates, across the Consumer, Mortgage and Commercial portfolios.
    • Collaborate with Lending, Operations, Risk Analytics, Collections, and Special Asset teams to strengthen underwriting standards, streamline workflow processes, enhance speed-to-decision, and improve the member experience.
  9. Leadership & Team Development
    • Lead, mentor, and develop a high-performing team of managers, senior underwriters, analysts, and credit officers.
    • Foster a proactive risk culture focused on accountability, accuracy, and efficiency.
  10. Regulatory Relations
    • Act as the primary point of contact for regulatory agencies on all credit underwriting matters.
    • Lead the remediation of issues related to credit underwriting.

  1.  Qualifications
    • Bachelor’s degree in Finance, Accounting, Economics, or related field.
    • Minimum of 10+ years of progressive experience in credit underwriting management within a bank or credit union.
    • Minimum of 5+ years experience at a Director level or higher.
    • Deep knowledge of Commercial (C&I/CRE), Mortgage, and Consumer loan product underwriting.
    • Strong understanding of financial services rules and regulations (ATR/QM, Reg B, FCRA).
    • Comprehensive knowledge of valuation methodologies and appraisal standards applicable to both commercial and residential properties.
    • Familiarity with loan origination systems (LOS), data analytics tools, and Microsoft Office Suite.
  2. Core Competencies
    • Ability to anticipate market trends and emerging risks.
    • Strong ability to interpret complex financial data and modeling.
    • Superior verbal and written skills, with the ability to present to the Board.
    • Sound, independent judgment in high paced environment.

This position reports to the Chief Risk Officer.
This position is responsible for the supervision of others.
GreenState Credit Union is an EEO/AA Employer. We strongly encourage all individuals to apply for openings with the credit union.
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