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Credit Risk Manager Jobs in Norfolk, VA (NOW HIRING)

BayPort Credit Union

Fraud Investigator I

Newport News, VA · On-site

$52K - $79K/yr

Ability to adhere to BayPort Credit Union's Core Values: Integrity, Be Bold, Compassion, Diversity, Innovation, It's On Me, and One Team. * General knowledge of fraud investigation, risk management ...

PNC Bank

Wealth Advisor - PNC Wealth Management

Norfolk, VA · On-site

$63K - $106K/yr

We encourage candidates to connect with their recruiter and hiring manager to understand workplace ... Preferred Skills Client Prospecting, Client Relationship Building, Credit Risk Analysis, Customer ...

PNC

Wealth Advisor - PNC Wealth Management

Norfolk, VA

$63K - $106K/yr

We encourage candidates to connect with their recruiter and hiring manager to understand workplace ... Preferred Skills Client Prospecting, Client Relationship Building, Credit Risk Analysis, Customer ...

BayPort Credit Union

BSA Supervisor

Newport News, VA

$71K - $106K/yr

... managing workflow and alert investigations, reviewing regulatory filings, assisting with risk ... Ability to adhere to BayPort Credit Union's Core Values: Integrity, Be Bold, Compassion, Diversity ...

BayPort Credit Union

BSA Supervisor

Newport News, VA · On-site

$34.26 - $51.39/hr

... managing workflow and alert investigations, reviewing regulatory filings, assisting with risk ... Ability to adhere to BayPort Credit Union's Core Values: Integrity, Be Bold, Compassion, Diversity ...

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All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Norfolk, VA

Credit Risk Manager information

See Norfolk, VA salary details

$83.7K

$153.2K

$231.7K

How much do credit risk manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for credit risk manager in Norfolk, VA is $153,174.00, according to ZipRecruiter salary data. Most workers in this role earn between $129,200.00 and $171,700.00 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 are the most commonly searched types of Credit Risk jobs in Norfolk, VA?

The most popular types of Credit Risk jobs in Norfolk, VA are:

What are popular job titles related to Credit Risk Manager jobs in Norfolk, VA?

For Credit Risk Manager jobs in Norfolk, VA, the most frequently searched job titles are:

What cities near Norfolk, VA are hiring for Credit Risk Manager jobs?

Cities near Norfolk, VA with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Norfolk, VA as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $153,174 per year, or $73.6 per hour.

Credit Manager - Newport News, VA

Veritas Partners

Newport News, VA

Full-time

Posted 29 days ago

Job description

Responsibilities:
  • Responsible for commercial underwriting, credit analysis, loan servicing, treasury management, and commercial lending operations, and provides senior oversight of underwriting and credit structuring for complex C&I, CRE, and business lending transactions, including covenant design, collateral structures, and financial analysis.
  • Establishes and maintains underwriting standards, credit policy & procedures, and operational controls to ensure sound lending practices and regulatory compliance, as well as quality control over credit memos, loan approvals, annual reviews, covenant tracking, and borrower financial monitoring.
  • Oversees the commercial loan pipeline from intake through underwriting, approval, closing, and servicing, ensuring efficiency and timely execution, and directs all loan servicing and portfolio administration activities, including financial statement collection, covenant compliance monitoring, and portfolio risk reporting.
  • Oversees operational processes related to loan documentation, closings, post-closing review, and system boarding.
  • Provides oversight of treasury management risk controls for business services, including ACH, wire transfers, and other payment solutions.
  • Monitors the quality of the commercial loan portfolio, including risk rating migration, policy exceptions, past due loans, and credit performance trends, and develops and maintains appropriate risk rating and profitability matrix tools in partnership with Finance and executive leadership expectations.

Qualifications:
  • Bachelor’s degree required.
  • 10+ years of commercial lending experience, including underwriting complex C&I and CRE loan transactions.
  • Minimum 5 years of experience leading or managing credit, underwriting, or commercial lending operations teams.
  • Expert knowledge of commercial credit analysis, financial statement analysis, loan structuring, and covenant design required.
  • Understanding of treasury management services and associated operational risk controls preferred.