ZipRecruiter

Log In

1

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

Fulton Bank

Portfolio Manager

Virginia Beach, VA

$81K - $135K/yr

Support Relationship Managers through underwriting, policy knowledge, credit structuring, and risk assessment in complex credit request packages. Ensure packages are complete, accurate and thoroughly ...

Aston Carter

Property Manager

Virginia Beach, VA · On-site

This role manages day-to-day property operations, including maintenance and risk management ... Approve property invoices regularly and complete travel reimbursement and credit card ...

Aston Carter

Property Manager

Virginia Beach, VA

This role manages day-to-day property operations, including maintenance and risk management ... Approve property invoices regularly and complete travel reimbursement and credit card ...

Aston Carter

Property Manager

Virginia Beach, VA

This role manages day-to-day property operations, including maintenance and risk management ... Approve property invoices regularly and complete travel reimbursement and credit card ...

next page

Showing results 1-20

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

Credit Risk Manager information

See Norfolk, VA salary details

$74.5K

$136.4K

$206.4K

How much do credit risk manager jobs pay per year?

As of Jul 29, 2026, the average yearly pay for credit risk manager in Norfolk, VA is $136,416.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,000.00 and $152,900.00 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 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 job categories do people searching Credit Risk Manager jobs in Norfolk, VA look for? The top searched job categories for Credit Risk Manager jobs in Norfolk, VA 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 July 2026, with employment types broken down into 100% Full Time. Highlights an 67% In-person, and 33% Remote job distribution, with an average salary of $136,416 per year, or $65.6 per hour.

Credit Manager - Newport News, VA

Veritas Partners

Newport News, VA

Full-time

Posted 9 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.