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

Rexel France

Supervisor Credit Management

Richmond, VA · On-site

$70 - $90/hr

Approve credit limits within assigned authority, both unsecured and secured risk. * Effectively communicate and escalate issues and information to the Regional Credit Manager in a timely manner.

Droisys

Technical Writer

Richmond, VA · On-site

Commercial and Small Business Credit Risk Management (CSCRM) provide credit risk oversight for Commercial and SB lending which includes the development and maintenance of credit risk models. CSCRM ...

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Credit Risk Manager information

See Richmond, VA salary details

$85.6K

$156.7K

$237K

How much do credit risk manager jobs pay per year?

As of Aug 30, 2026, the average yearly pay for credit risk manager in Richmond, VA is $156,671.00, according to ZipRecruiter salary data. Most workers in this role earn between $132,100.00 and $175,700.00 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.
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Cities near Richmond, VA with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Richmond, 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 $156,671 per year, or $75.3 per hour.

Senior Manager, Commercial Credit Review

Capital One

Richmond, VA • On-site

Full-time

Re-posted 8 days ago

Capital One rating

7.8

Company rating: 7.8 out of 10

Based on 148 frontline employees who took The Breakroom Quiz

88th of 173 rated banks

Job description

Senior Manager, Commercial Credit Review
Capital One’s Credit Review organization is a third line of defense function that is responsible for providing an independent assessment of the Company’s credit quality, key and emerging risks, and credit process execution to the Risk Committee of the Board of Directors and other stakeholders. Commercial Credit Review is seeking a Senior Manager who will participate in and/or lead continuous testing and targeted review activities within assigned portfolios. The Senior Manager will contribute towards the execution of the annual Credit Review plan and work cross-functionally across Credit Review teams in the process. This associate will also be responsible for building and maintaining working relationships with line of business management and key associates within Risk Management. 
Primary responsibilities include: 
  • Completing transactional testing to assess the appropriateness of client selection, quality of underwriting, effectiveness of borrower monitoring and accuracy of risk ratings 
  • Analyzing portfolio composition to identify trends and risks and provide an opinion on portfolio quality 
  • Participating in or leading Targeted Reviews to assess key risks in a given portfolio or across portfolios 
  • Identifying gaps in credit policy, credit processes, and credit risk rating models 
  • Identifying key and emerging risks 
  • Effectively communicating results to executive level management, regulators and other key stakeholders 
  • Building and maintaining effective working relationships across all three lines of defense 
  • Acting as an approachable advisor to business heads and key lenders by developing continuous and effective communication channels for all stakeholders. 
  • Ability to provide business leadership and partnering skills to help drive the organization towards critical decisions and deliverable results. 
  • May be asked to develop and execute against monitoring plans 
  • May be asked to assist in or lead the completion of quarterly Business Assessment Reports 
  • May be asked to lead special projects 
Basic Qualifications: 
  • Bachelor’s degree or military experience 
  • At least 5 years of experience with traditional cash flow and leveraged lending 
  • At least 8 years of direct transactional credit experience (underwriting, workout, risk management, credit review or regulatory) 
Preferred Qualifications: 
  • Master’s degree 
  • Certified Financial Analyst (CFA) OR Certified Public Accountant (CPA) 
  • Ability to support conclusions through fact-based analysis and ability to influence senior leaders
  • Strong written and verbal communication skills 
  • Excellent credit analysis and financial analysis skills 
  • Strong organizational skills 
  • Ability to manage multiple complex tasks while delivering high quality results 
  • Leadership experience and strong leadership skills 
  • Demonstrated experience in identifying, assessing and reporting on existing and emerging risks 
  • Experience with direction applicability to Credit Review responsibility 
  • Ability to navigate across a large organization and work with cross-functional teams
At this time, Capital One will not sponsor a new candidate for employment authorization for this position. 

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Charlotte, NC: $182,500 - $208,300 for Sr. Credit Review Manager


 

Chicago, IL: $182,500 - $208,300 for Sr. Credit Review Manager


 

McLean, VA: $200,700 - $229,100 for Sr. Credit Review Manager


 

New York, NY: $219,000 - $249,900 for Sr. Credit Review Manager


 

Plano, TX: $182,500 - $208,300 for Sr. Credit Review Manager


 

Richmond, VA: $182,500 - $208,300 for Sr. Credit Review Manager


 


 


 


 


 

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days. No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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