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Credit Risk Manager Jobs in Plainfield, IN (NOW HIRING)

PNC Bank

C&IB Associate Relationship Manager

Indianapolis, IN

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Identifies and appropriately mitigates different types of risk, such as regulatory, reputational, operational and credit. Manages risk and may help ensure quality for new and/or existing clients. May ...

calumet

A/R Manager

Indianapolis, IN · On-site

The Accounts Receivable Manager - Collections is responsible for ensuring prompt payment ... Assess credit risk via trade monitoring services, customer pay habits and market data. * Identify ...

New

PNC Bank

Relationship Manager I - Business Banking

Camby, IN · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.

Fifth Third

Senior Credit Analyst

Indianapolis, IN · On-site

... Managers. The Senior Credit Analyst demonstrates extensive knowledge of financial and risk analysis ... and expertise in financial modeling. The Senior Credit Analyst demonstrates proficiency in ...

Allegion

Credit & Collections Analyst

Carmel, IN · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Manage risk management for accounts & projects within a given level of authority once training is completed. * Complete waivers of lien as required to obtain payment from customer * Running Credit ...

Allegion

Credit & Collections Analyst

Carmel, IN · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Manage risk management for accounts & projects within a given level of authority once training is completed. * Complete waivers of lien as required to obtain payment from customer * Running Credit ...

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All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Plainfield, IN

Credit Risk Manager information

See Plainfield, IN salary details

$84.9K

$155.3K

$235K

How much do credit risk manager jobs pay per year?

As of Aug 12, 2026, the average yearly pay for credit risk manager in Plainfield, IN is $155,307.00, according to ZipRecruiter salary data. Most workers in this role earn between $131,000.00 and $174,100.00 per year, depending on experience, location, and employer.

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 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 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.

More about Credit Risk Manager jobs
What cities near Plainfield, IN are hiring for Credit Risk Manager jobs? Cities near Plainfield, IN with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Plainfield, IN as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 16% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $155,307 per year, or $74.7 per hour.

Senior Model Risk Analyst

Federal Home Loan Bank of Indianapolis

Indianapolis, IN • On-site

Full-time

Medical, Dental, Vision, Retirement

Re-posted 16 days ago

Job description

Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!
Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we're a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.
But enough about us, let's talk about you.
Are you looking for a company that views their employees as their greatest asset?
A company that's dedicated to making a difference in the community? So much so they pay their employees to volunteer?
Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture, and promotes learning and development, unique skills/ideas, and employee engagement?
If you've said yes to these questions, then we might be a match!
Here is what we offer:
  • Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer remote flex days!
  • Fantastic, competitive pay and total rewards
  • Industry-high 401(k) match: up to 6% PLUS...an additional 4% contribution!
  • Tuition reimbursement assistance: To help you continue to develop personally and professionally.
  • Student loan repayment assistance: That's right, we will help you repay outstanding student loans!
  • Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
  • Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
  • "Dress for your day" dress code: You choose the appropriate work attire based on what your day looks like.

Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!
Purpose:
The Senior Model Risk Analyst will play a key role in assessing the Bank's model risk through model validations, risk reviews, and ongoing analysis. As a member of Enterprise Risk Management (ERM), the Analyst will work under the Senior Manager, Model Risk or Director of Model Risk Management and Validation to validate financial models throughout the Bank in order to assess model reasonableness, weaknesses, and risks. The Analyst will interact with model owners and model users across the Bank to understand current model performance, development activities, and emerging risks.
The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.
Specific Responsibilities:
  • Participate in model validations for various types of financial models, including credit risk, interest rate derivative valuation, mortgage prepayment/default, and asset-liability management models. This will include performing quantitative analyses and tests, assessing model theory, backtesting, benchmarking, stress testing, scenario analysis, and assessing the effectiveness and sufficiency of model controls and documentation.
  • Generate validation reports or memos detailing the validation approach, analyses conducted, and the conclusion of the validation. Present findings and recommendations to model owners/users.
  • Review model changes, assess model change significance, and conduct limited-scope validations for model changes as necessary.
  • Participate in the development of benchmarking models and data analytical tools, including machine learning models for validation and model performance monitoring purposes.
  • Provide independent opinions on various modeling and model validation issues.
  • Assist in third-party model validation.
  • Participate in audit and regulatory exams and assist in the remediation of audit and regulatory exam findings.
  • Perform annual and ad-hoc model reviews and quarterly model performance reviews.
  • Assist in other model risk management activities, such as maintaining the Bank's model inventory, tracking outstanding model validation findings, and generating periodic model risk related reports to relevant committees and stakeholders.
  • Conduct research and analysis to maintain knowledge of modeling best practices, model validation techniques, and current financial market information.

Competencies:
Business
  • Project Management

General
  • Dependability
  • Productivity

People
  • Accountability and Drive for Results
  • Collaboration and Communication

Position Requirements:
  • Advanced degree with a concentration in Computational/Quantitative Finance, Statistics, Mathematics, Computer Science, Economics, or some other quantitative discipline. Ph.D. desirable.
  • At least one year of experience working in a related field, such as model risk management, predictive modeling, financial modeling, optimization, and data science, is required.
  • Understanding of financial market concepts and fixed-income instruments, including mortgages and MBS, interest rate derivatives, fixed-income analytics and risk metrics, prepayment forecasts, interest rate modeling, probability of default and credit loss modeling, and stress testing.
  • Understanding of stochastic processes, time series analysis, principal component analysis, optimization, logistic regression, and Monte Carlo simulation.
  • Proficiency with at least one of the programming languages, such as Python, R, Julia, or MATLAB, is required. Python is the preferred programming language.
  • Hands-on experience with machine learning/artificial intelligence models is highly desirable.
  • Hands-on experience with valuation tools/libraries, such as PolyPaths, QRM, Calypso, Yieldbook, FINCAD, and Numerix, is desirable.
  • Must have a high level of proficiency with Microsoft Office applications (Excel, Word, PowerPoint, Outlook). Experience with Power BI is highly desirable.
  • Strong written and oral communication skills required. Ability to write clear technical reports and memos. Must be able to communicate and maintain relationships with model owners/users and other stakeholders, and interact effectively with management.
  • Must be able to think critically and independently, highly self-motivated, and able to multitask and manage competing priorities.
  • Understanding of current regulatory guidance on model risk management, including FHFA's AB 2013-07 and AB 2022-03, OCC Bulletin 2011-12, or FRB SR 11-17, desirable.
  • Ability to model and uphold the Bank's Guiding Principles.
  • Ability to work full-time.

Hiring Range: $93,000 - $110,000
Hiring ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.
FHLBank Indianapolis is an Equal Opportunity Employer.

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