ZipRecruiter

Log In

1

Credit Risk Manager Jobs in Milford, CT (NOW HIRING)

Ascend Bank

Senior Credit Analyst

Wallingford, CT · On-site

... credit risk, if credit-worthy, underwriting in conformance with Loan Policy and present loan ... Participate in Management Loan Committee meetings as needed. * Support the Commercial Credit ...

Farm Credit East

Credit Analyst Associate

Riverhead, NY · Hybrid

$55K - $80K/yr

... assessing risk, and making recommendations. * Fuels organizational synergy through consistent ... This will be reviewed based on manager discretion. Compensation and Benefits: * Salary: $55,000 ...

Ion Bank

Senior Credit Analyst

Naugatuck, CT · On-site

... management. * Be proficient at and fully utilize the Loan Vantage application software to analyze ... Ensure sound underwriting to accurately risk rate loans within the commercial portfolio Education ...

Ion Bank

Senior Credit Analyst

Naugatuck, CT · On-site

... management. * Be proficient at and fully utilize the Loan Vantage application software to analyze ... Ensure sound underwriting to accurately risk rate loans within the commercial portfolio Education ...

previous pagenext page

Showing results 21-40

All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Milford, CT

Credit Risk Manager information

See Milford, CT salary details

$86.8K

$158.8K

$240.2K

How much do credit risk manager jobs pay per year?

As of Sep 3, 2026, the average yearly pay for credit risk manager in Milford, CT is $158,784.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,900.00 and $178,000.00 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 job categories do people searching Credit Risk Manager jobs in Milford, CT look for?

The top searched job categories for Credit Risk Manager jobs in Milford, CT are:

What cities near Milford, CT are hiring for Credit Risk Manager jobs?

Cities near Milford, CT with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you

Senior Credit Analyst

Ascend Bank

Wallingford, CT • On-site

Full-time

Re-posted 4 days ago

Key responsibilities

  • Analyze financial information of prospective and existing borrowers and underwrite loans in conformance with Loan Policy.

  • Work directly with Commercial Lending Officers to obtain all necessary information needed to underwrite loan requests.

  • Prepare loan offering memoranda, analyzing financial, collateral, cash flow, and other relevant information, and present loan requests to appropriate loan authority level.

Job description

POSITION DESCRIPTION:

The Senior Credit Analyst provides support to commercial lenders through detailed financial/credit analysis, perform research on industry trends, train, and mentor less experienced analysts, independently underwrite loan requests with primary focus on large and/or complex borrowing relationships, and prepare internal reports.

GENERAL DESCRIPTION OF DUTIES:

  • Analyze financial information of prospective and existing borrowers and, if credit-worthy, underwrite loans in conformance with Loan Policy primarily for large and/or complex borrowing relationships and to generally be completed, with accuracy and detail, within 5 active working days, requiring minimal guidance.
  • Work directly with Commercial Lending Officers to obtain all necessary information needed to underwrite loan requests.
  • Prepare spread sheets, analyze financial information, and develop cash flows of prospective and existing borrowers. 
  • Prepare loan offering memoranda, analyzing financial, collateral, cash flow and other appropriate information of prospective borrower’s and guarantors, assessing credit risk, if credit-worthy, underwriting in conformance with Loan Policy and present loan requests to appropriate loan authority level. 
  • Performs analyses on perspective vendors of the Bank, on an annual basis when appropriate, and on request.
  • Provide leadership, training, and coaching to Credit Analyst team and back up support for the department Manager.
  • Assists in the collection of all pertinent information on commercial borrowers to ensure continued financial capacity and adherence to loan covenants.
  • Assists in maintaining an accurate record of financial information for each commercial borrower.
  • Maintains commercial credit files to ensure the adequacy of loan documents and supporting information.
  • Assist in determining the scope of the commercial loan portfolio review, which is performed by an outside loan review firm. Act as liaison with outside firm in providing requested financial and other information and updates. 
  • On a limited basis, calls on prospective borrowers within the Bank’s market area to introduce information about the Bank’s lending programs and determine credit needs of the prospect. 
  • On a limited basis, along with respective Commercial Lender, attend meetings with prospective and existing clients to obtain appropriate information regarding the Borrower.
  • Maintains a presence in local Chambers of Commerce and other civic or business-related organizations to maintain awareness of business lending opportunities.
  • Order and review environmental initial screenings. 
  • Participate in Management Loan Committee meetings as needed.
  • Support the Commercial Credit Manager and/or Team Lead with the training and development of new team members, as well as trainees.
  • In consultation with the CLO and Credit Management, prepare required reporting for Management Loan Committee and Board of Trustees as required.
  • Prepare high quality credit presentations with minimal rewrites and conducts accurate credit analysis on all projects assigned.
  • Perform other duties as required.
  • Completes all required compliance training as assigned in a timely manner.


LEADERSHIP PHILOSOPHY: 

  • Empower & Support: Prioritize employees' growth by providing resources, mentorship, and opportunities for success.
  • Lead with Integrity: Foster a culture of trust, transparency, and ethical decision-making.
  • Encourage Collaboration: Fostering an environment that leverages collaboration, innovation, and accountability to achieve strategic goals 


DIGITAL LITERACY:

The ability to use data, information, and communication technologies to find, evaluate, create, and communicate information, requiring both cognitive and technical skills


  • Information, data, and content
  • Teaching learning and self-development
  • Communication, collaboration, and participation
  • Digital identity, safety, and security
  • Technical proficiency with all bank products
  • Awareness and interest in new technology
  • Creation, innovation, and research

 

BASIC KNOWLEDGE, SKILLS & TRAINING REQUIRED FOR MAXIMUM PROFICIENCY: 

A bachelor’s degree, with an emphasis in business, finance or accounting with supplemental banking education/formal credit training. Good financial analytical abilities. Proficiency in WORD, EXCEL and other MS OFFICE applications required. Familiarity with automated underwriting systems is a benefit.

Excellent verbal and written communication skills and the ability to interact professionally with a diverse group, executives, managers, and subject matter experts.


EXPERIENCE REQUIRED:  4+ years of related commercial underwriting experience. Knowledge of financial statement fundamentals, accounting concepts, and industry trends and practices required. 


EDUCATION: A bachelor’s degree is required preferably in business or finance with ancillary banking education preferred. 

*Compensation: Compensation is based on our market pay structures. However, individual salaries are determined by a variety of factors including, but not limited to business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience.

Ascend Bank is an equal opportunity employer and offers equal opportunity to all applicants for all positions without regard to race, color, religion, national origin, age, disability, and veteran status.

Applicants requiring reasonable accommodation in the application process should notify Human Resources. 

Ascend Bank participates in E-Verify.

EOE/AA/M/F/D/V