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Credit Risk Manager Jobs in Rochester, MN (NOW HIRING)

Credit Data Steward Job Locations US-IN-Evansville | US-MN-St Louis Park | US-MN-Rochester | US-MN ... Participate in enterprise data governance councils and risk management committees. Data Quality ...

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Credit Risk Manager information

See Rochester, MN salary details

$87.9K

$160.9K

$243.4K

How much do credit risk manager jobs pay per year?

As of Aug 16, 2026, the average yearly pay for credit risk manager in Rochester, MN is $160,923.00, according to ZipRecruiter salary data. Most workers in this role earn between $135,700.00 and $180,400.00 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.

What cities near Rochester, MN are hiring for Credit Risk Manager jobs?

Cities near Rochester, MN with the most Credit Risk Manager job openings:

Infographic showing various Credit Risk Manager job openings in Rochester, MN as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 18% Part Time, and 1% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $160,923 per year, or $77.4 per hour.

Credit Data Steward

Old National Bank

Rochester, MN • On-site

$121K/yr

Other

Medical, Dental, Vision, Retirement

Posted 7 days ago


Old National Bank rating

8.2

Company rating: 8.2 out of 10

Based on 39 frontline employees who took The Breakroom Quiz

51st of 171 rated banks


Job description

Credit Data Steward
Job Locations US-IN-Evansville | US-MN-St Louis Park | US-MN-Rochester | US-MN-Minneapolis | US-WI-Madison | US-WI-Milwaukee | US-IL-Chicago | US-IL-Deerfield | US-IL-Sycamore | US-IN-Indianapolis | US-MI-Grand Rapids | ...
Category/Function Lending/Commercial/Consumer/Credit Position Type Regular Full-Time Requisition ID 2026-20412 Workplace Type On Site
Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

The Credit Data Steward serves as the business owner and governance lead for critical credit and lending data assets across the bank. This role is responsible for ensuring the accuracy, completeness, consistency, timeliness, and regulatory compliance of credit-related data used throughout organization.

The Credit Data Steward acts as the liaison between business stakeholders, technology teams, risk partners, and data governance functions to establish data standards, resolve data quality issues, support regulatory requirements, and enable trusted data for credit decisioning, portfolio management, and risk reporting.

We are in office culture with office locations in Minneapolos/St Paul, Madison WI, Milwaukee WI Huron Building, 8750 West Bryn Mawr Chicago IL near Rosemont, Grand Rapids MI, Ann Arbor MI, Indianapolis, Evansville IN, Louisville West Market, and Nashville Gulch.

Salary Range

The salary range for this position is $60,000/yr - $121,300/yr plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Credit Data Governance

    Serve as the designated steward for critical credit and lending data domains.
  • Define and maintain business metadata, data definitions, business rules, and data quality standards.
  • Establish ownership and accountability for critical credit data elements.
  • Lead governance activities related to, but not limited to, borrower, guarantor, collateral, facility, exposure, risk rating, covenant, and loan performance data.
  • Participate in enterprise data governance councils and risk management committees.

Data Quality Management

  • Develop and maintain Key Data Quality Indicators (DQIs) and monitoring processes.
  • Identify, analyze, prioritize, and remediate data quality issues.
  • Perform root cause analysis of recurring data defects.
  • Partner with technology teams to implement sustainable data quality controls.
  • Monitor and report data quality performance metrics to senior leadership.

Regulatory and Risk Compliance

  • Support compliance with regulatory expectations
  • Ensure critical credit risk data is traceable, governed, and defensible.

Data Lineage and Metadata Management

  • Document end-to-end data lineage from source systems through reporting and analytics environments.
  • Maintain business glossaries and data dictionaries.
  • Validate data transformations and business logic across systems.
  • Support implementation and maintenance of metadata management platforms.

Business Partnership

  • Collaborate with multiple departments across the organization

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