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Credit Risk Manager Jobs in Raleigh, NC (NOW HIRING)

GM Financial

Sr Credit Analyst I

Raleigh, NC · On-site

The Senior Credit Analyst evaluates and manages credit risk by reviewing credit histories and financial data to determine whether to approve or decline credit requests. This role collaborates closely ...

GM Financial

ACF Sr Credit Analyst I

Raleigh, NC · Hybrid

The Senior Credit Analyst evaluates and manages credit risk by reviewing credit histories and financial data to determine whether to approve or decline credit requests. This role collaborates closely ...

Bank of America

Credit Officer II

Raleigh, NC

Risk Management * Underwriting * Credit and Risk Assessment * Analytical Thinking * Coaching * Collaboration * Critical Thinking Required Qualifications: * 10+ years of solid Commercial Banking ...

Truist

CLU Portfolio Manager III

Raleigh, NC

Recommend credit within the Bank's risk appetite, and document when and why exceptions are ... risk management and banking in general QUALIFICATIONS Required Qualifications: The requirements ...

ACI Infotech

Insight Senior Java Developer

Raleigh, NC · On-site

$50.50 - $64.50/hr

With an increasing focus on Risk Management, Regulatory rigor and ongoing Architecture ... Credit Risk systems, business knowledge on Trade, Collateral, Netting, and Sensitivity etc., is ...

Abrigo

Senior IT Audit & Assurance Analyst

Raleigh, NC · On-site +1

At Abrigo, we provide market-leading compliance, credit risk and lending software solutions that financial institutions use to manage risk and drive growth. Our solutions automate key processes and ...

New

Abrigo

Senior IT Risk & Assurance Analyst

Raleigh, NC · On-site

Description At Abrigo, we provide market-leading compliance, credit risk and lending software solutions that financial institutions use to manage risk and drive growth. Our solutions automate key ...

Abrigo

Senior IT Audit & Assurance Analyst

Raleigh, NC · On-site +1

At Abrigo, we provide market-leading compliance, credit risk and lending software solutions that financial institutions use to manage risk and drive growth. Our solutions automate key processes and ...

New

Bank of America

Credit Officer II

Raleigh, NC

Risk Management * Underwriting * Credit and Risk Assessment * Analytical Thinking * Coaching * Collaboration * Critical Thinking Required Qualifications: * 10+ years of solid Commercial Banking ...

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Credit Risk Manager information

See Raleigh, NC salary details

$84.1K

$153.9K

$232.8K

How much do credit risk manager jobs pay per year?

As of May 30, 2026, the average yearly pay for credit risk manager in Raleigh, NC is $153,884.00, according to ZipRecruiter salary data. Most workers in this role earn between $129,800.00 and $172,500.00 per year, depending on experience, location, and employer.

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 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.

Does credit risk pay well?

Credit risk managers typically earn competitive salaries that vary based on experience, location, and industry. They often receive additional benefits and may need certifications such as CFA or FRM, with higher salaries generally associated with senior roles and specialized skills.

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 are the most commonly searched types of Credit Risk jobs in Raleigh, NC? The most popular types of Credit Risk jobs in Raleigh, NC are:
What are popular job titles related to Credit Risk Manager jobs in Raleigh, NC? For Credit Risk Manager jobs in Raleigh, NC, the most frequently searched job titles are:
What job categories do people searching Credit Risk Manager jobs in Raleigh, NC look for? The top searched job categories for Credit Risk Manager jobs in Raleigh, NC are:
What cities near Raleigh, NC are hiring for Credit Risk Manager jobs? Cities near Raleigh, NC with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Raleigh, NC as of May 2026, with employment types broken down into 2% As Needed, 75% Full Time, 15% Part Time, 2% Temporary, 5% Contract, and 1% Nights. Highlights an 92% Physical, 1% Hybrid, and 7% Remote job distribution, with an average salary of $153,884 per year, or $74 per hour.
Senior Manager Quantitative Analysis--Consumer Model Development

Senior Manager Quantitative Analysis--Consumer Model Development

First Citizens Bank

Raleigh, NC • Hybrid

Full-time

Posted 11 days ago

First Citizens Bank rating

7.6

Company rating: 7.6 out of 10

Based on 102 frontline employees who took The Breakroom Quiz

80th of 141 rated banks

Job description

Overview

This is a hybrid role (if located in Atlanta, GA, Charlotte, NC or Raleigh, NC ) with the expectation that time working will regularly take place inside and outside of a company office. Three days a week in office. Open to remote in several markets for highly qualified candidate.

The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending portfolio. This role serves as the tactical leader bridging strategy and execution, reporting directly to the Director of Risk Analytics & Modeling while providing hands-on leadership to junior team members. The position requires strong technical expertise combined with people management skills to ensure effective delivery of risk modeling solutions.


Responsibilities
  • Support the Director and lead the development, testing, and implementation of advanced credit risk models across consumer lending products including Credit Cards, and Auto Loans, Mortgages, and HELOCs, with focus on Credit Card and Auto portfolios.
  •  Execute the model development plan and ensure proper delivery. Serve as the owner of model documentation, and development and testing materials.
  •  Lead and mentor a team of model development professionals, fostering a culture of innovation and continuous improvement in risk modeling approaches.
  •  Oversee the model ongoing monitoring program. Review the monitoring results and explain the model performance to model users and management.
  •  Support the Director in response to model validation findings and oversee the implementation of remediation. 
  •  Collaborate with other modeling and analytical teams to continuously improve the process and gain efficiency. Drive the enhancement of risk management frameworks to meet evolving regulatory requirements, including CCAR and CECL compliance.
  •  Support the Director and partner with business leadership to translate complex risk analytics insights into actionable business strategies and policy recommendations.
  •  Establish and maintain relationships with regulatory bodies, external/internal auditors, model Risk Management and key stakeholders.
  •  Guide the development and implementation of new risk assessment methodologies and tools to improve the organization's risk management capabilities.
  •  Lead strategic initiatives to modernize risk analytics infrastructure and capabilities through adoption of advanced technologies and methodologies, including AI and other intelligent tools.

Qualifications

Bachelor's Degree and 6 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience OR High School Diploma or GED and 10 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience

Preferred Education: advanced degree, masters/PHD in quantitative field, ie mathematics, computer science, financial engineering

Preferred Area of Study: Quantitative or Statistical Analysis, Financial Engineering, Computer Science, Mathematics

Preferred Area of Experience: Banking, Financial Engineering, Computer Science

Preferred Qualifications:


• Ph.D. degree in Statistics, Mathematics, Finance, or related quantitative field
• At least 10 years of progressive experience in credit risk model development, with at least 3 years in a leadership role
• At least 3 years hands on experience in Credit Card loss forecasting model development or validation
• Hands on experience using Python, SAS, Tableau
• Hands on experience in model development and model development documentation
• Demonstrated experience in leading teams responsible for development and implementation of enterprise-wide risk models
• Strong understanding of regulatory requirements and experience in interactions with regulatory bodies
• Experience with CCAR and CECL
• Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies
• Proven track record of translating complex analytical insights into actionable strategy

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

#LI-Hybrid

Qualifications:

Bachelor's Degree and 6 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience OR High School Diploma or GED and 10 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience

Preferred Education: advanced degree, masters/PHD in quantitative field, ie mathematics, computer science, financial engineering

Preferred Area of Study: Quantitative or Statistical Analysis, Financial Engineering, Computer Science, Mathematics

Preferred Area of Experience: Banking, Financial Engineering, Computer Science

Preferred Qualifications:


• Ph.D. degree in Statistics, Mathematics, Finance, or related quantitative field
• At least 10 years of progressive experience in credit risk model development, with at least 3 years in a leadership role
• At least 3 years hands on experience in Credit Card loss forecasting model development or validation
• Hands on experience using Python, SAS, Tableau
• Hands on experience in model development and model development documentation
• Demonstrated experience in leading teams responsible for development and implementation of enterprise-wide risk models
• Strong understanding of regulatory requirements and experience in interactions with regulatory bodies
• Experience with CCAR and CECL
• Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies
• Proven track record of translating complex analytical insights into actionable strategy

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

#LI-Hybrid

Education:UNAVAILABLEEmployment Type: FULL_TIME

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