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Credit Risk Manager Jobs in Newark, DE (NOW HIRING)

Continental Finance

Credit Risk Analyst

Wilmington, DE · Hybrid

Perform credit risk analysis to support targeting, offer strategy, and campaign decisioning ... Identify, analyze, and report production trends to management. * Partner with Marketing, Operation ...

Sallie_mae

Director, Credit Risk

Newark, DE · On-site

Prepare and present risk reports to senior management, risk committees, and regulatory bodies ... Experience with credit models or risk governance frameworks, risk appetite statements, and issue ...

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Credit Risk Manager information

See Newark, DE salary details

$85.2K

$156K

$236K

How much do credit risk manager jobs pay per year?

As of Sep 2, 2026, the average yearly pay for credit risk manager in Newark, DE is $155,992.00, according to ZipRecruiter salary data. Most workers in this role earn between $131,500.00 and $174,900.00 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.
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The top searched job categories for Credit Risk Manager jobs in Newark, DE are:

What cities near Newark, DE are hiring for Credit Risk Manager jobs?

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Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Newark, DE as of August 2026, with employment types broken down into 85% Full Time, 14% Part Time, and 1% Contract. Highlights an 88% Physical, 2% Hybrid, and 10% Remote job distribution, with an average salary of $155,992 per year, or $75 per hour.

Director, Credit Risk

SMB Shared Services, Inc.

Newark, DE • On-site

$100 - $130/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 27 days ago

Job description

When you join Sallie Mae, you become a champion for all students. We’re on a mission to power confidence as students begin their unique journey and to help them plan their higher education, successfully finish, and prepare for life after school. Our values emphasize impact, collaboration and continuous learning.

Responsibilities
  • Oversee and manage credit risk management strategies to ensure credit risks are properly assessed, monitored and mitigated.
  • Establish and maintain an effective credit risk framework, including assessment methodologies, risk appetite, limits and mitigation strategies.
  • Evaluate and analyze credit risk exposure across various business lines, products and customer segments.
  • Conduct comprehensive credit risk assessments and provide recommendations to senior management and the Board of Directors.
  • Monitor and review credit portfolios to identify emerging risks, trends and potential areas of concern.
  • Collaborate with internal stakeholders (originations, sales, finance teams) to integrate credit risk considerations into business decisions and processes.
  • Develop and implement credit risk monitoring tools and systems to enhance risk identification, measurement and reporting.
  • Foster relationships with external stakeholders – credit rating agencies, auditors and regulators – to ensure effective communication and collaboration on credit risk matters.
Minimum Qualifications
  • Strong knowledge of credit risk principles, methodologies and regulatory requirements.
  • Demonstrated experience developing and implementing credit risk management frameworks, policies and procedures.
  • Proven ability to analyze complex credit portfolios and assess credit risk exposure.
  • Excellent understanding of financial statements, financial analysis and risk assessment techniques.
  • Experience managing and leading a team of credit risk professionals.
  • Exceptional analytical and problem‑solving skills with the ability to think strategically and make informed decisions.
Preferred Qualifications
  • Bachelor’s degree in finance, economics, business administration or a related field.
  • 7+ years of experience in credit risk management within the financial services industry, focusing on corporate or commercial lending.
Benefits
  • Competitive base salaries and bonus incentives.
  • Generous PTO, floating holidays and 12 federal holidays.
  • Support for financial wellbeing and retirement – 401(k) with employer match.
  • Comprehensive medical, dental, vision, hospital indemnity, critical illness and pet insurance.
  • Employer paid short‑term and long‑term disability and basic life insurance.
  • Flexible hybrid working arrangements.
  • Paid parental leave and adoption reimbursement programs.
  • On‑site staffed fitness centers (in Delaware) and gym subsidy outside Delaware.
  • Confidential counseling support (EAP), health advocacy services and wellness programs with financial incentives.
  • Tuition reimbursement and family scholarship programs.
  • Career development and training opportunities.
Americans with Disabilities Act

Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process.

Equal Opportunity Statement

Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, age, genetic information, disability, veteran status or any other characteristic protected by federal, state or local law.

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