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Credit Risk Manager Jobs in Paramus, NJ (NOW HIRING)

IDBNY

Credit Risk Analytics & Modeling

Manhattan, NY · On-site

Risk Management / Credit Risk Management Location: New York, NY (Hybrid - 3 days in office) Employment Type: Full-time Reports to: Head of Credit Risk Analytics & Modeling Visa Sponsorship: Not ...

Cross River

VP, Commercial Credit Risk

Fort Lee, NJ · Hybrid

What We're Looking For The Vice President, Commercial Credit Risk serves as a critical second line of defense within the Credit Risk Management division of a FDIC-regulated community bank ...

ING Group

Associates, Counterparty Credit Risk

New York, NY · On-site

$117K - $123K/yr

Work with the Counterparty Credit Risk team to assess the financial strength of financial counterparties including banks and asset managers with a primary focus on pension funds. Conduct sector and ...

Cross River

VP, Commercial Credit Risk

Fort Lee, NJ · On-site

What We're Looking For The Vice President, Commercial Credit Risk serves as a critical second line of defense within the Credit Risk Management division of a FDIC-regulated community bank ...

Brex

Director, Credit Risk

New York, NY · On-site

By combining global corporate cards and banking with intuitive spend management, bill pay, and ... Credit Risk at Brex Credit Risk plays a critical role in enabling Brex's growth by balancing ...

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Credit Risk Manager information

See Paramus, NJ salary details

$87.6K

$160.4K

$242.6K

How much do credit risk manager jobs pay per year?

As of Jul 14, 2026, the average yearly pay for credit risk manager in Paramus, NJ is $160,357.00, according to ZipRecruiter salary data. Most workers in this role earn between $135,200.00 and $179,800.00 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
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What cities near Paramus, NJ are hiring for Credit Risk Manager jobs? Cities near Paramus, NJ with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you

Credit Risk Analyst

BizTek People, Inc. | APA International Placement Consultants

Manhattan, NY • On-site

Full-time

Re-posted 22 days ago

Job description


Prestigious international bank seeks a Credit Risk Analyst responsible for credit risk management and related administrative work for Corporate Finance Department. Works with and assists the Account Officers to service the Bank's corporate clients. Develops and analyzes all types of credit information including financial statements, completes all documents (including projections), prepares analysis and makes appropriate recommendations.
Primary responsibilities:
• Financial statement analysis of borrowers (historical and future projections) of their parent companies;
• Preparation of credit applications, for new, renewals, amendments and extensions
• Preparation of various applications relating to non-credit business such as fee waiver, daylight overdraft, etc.
• Credit rating, both for borrowers and for each facility
• Credit monitoring including conducting covenant checks
• Assist in asset quality assessment;
Requirements
• Bachelor's degree or higher in Finance, Accounting, Business, or Economics
• Prior banking, rating agency or other financial institution experience is preferred
• Effective verbal and written communication skills in both Japanese and English is required
• Prior experience in financial statements / cash flow / credit analysis highly preferred
• Good analytical, organizational and communication skills
• Word, Excel, Access, and PowerPoint
Benefits
Good benefits
Skill Set
Financial statement analysis, (historical and future provisions)

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