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Credit Risk Manager Jobs in Silver Spring, MD (NOW HIRING)

Aston Carter

Senior Credit Manager

Baltimore, MD · On-site

$90K - $110K/yr

This role balances rigorous credit risk analysis with end-to-end order-to-cash oversight and ... Manage blocked orders on a daily basis, evaluating risk and determining whether to release or hold ...

Robert Half

Credit Manager

Baltimore, MD · On-site

$80K - $90K/yr

Robert Half has a new direct-hire opportunity for a Credit Manager to lead the evaluation, approval, and ongoing management of customer credit risk. The ideal candidate will possess strong analytical ...

Freddie Mac

Portfolio Risk Lead - Servicing

Mclean, VA · On-site

This role sits at the center of Freddie Mac's enterprise financial risk oversight, shaping how the company anticipates, measures, and manages Single-Family (SF) credit risk across the economic cycle.

John Marshall Bank

Credit Administration Manager

Reston, VA · On-site

$165K - $195K/yr

Credit Risk Stress Testing * Bottom-Up Testing, Top-Down Modeling & Risk Identification: Audit CRE ... Manage the CECL refresh and validation processes and serve as the primary point of contact for ...

John Marshall Bank

Credit Administration Manager

Reston, VA · On-site

$165K - $195K/yr

Credit Risk Stress Testing * Bottom-Up Testing, Top-Down Modeling & Risk Identification: Audit CRE ... Manage the CECL refresh and validation processes and serve as the primary point of contact for ...

Freddie Mac

Portfolio Risk Lead - Servicing

Mclean, VA · On-site

This role sits at the center of Freddie Mac's enterprise financial risk oversight, shaping how the company anticipates, measures, and manages Single-Family (SF) credit risk across the economic cycle.

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Credit Risk Manager information

See Silver Spring, MD salary details

$89.4K

$163.7K

$247.6K

How much do credit risk manager jobs pay per year?

As of Jul 14, 2026, the average yearly pay for credit risk manager in Silver Spring, MD is $163,660.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,000.00 and $183,500.00 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
What are the most commonly searched types of Credit Risk jobs in Silver Spring, MD? The most popular types of Credit Risk jobs in Silver Spring, MD are:
What job categories do people searching Credit Risk Manager jobs in Silver Spring, MD look for? The top searched job categories for Credit Risk Manager jobs in Silver Spring, MD are:
What cities near Silver Spring, MD are hiring for Credit Risk Manager jobs? Cities near Silver Spring, MD with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Sr Director, Consumer Credit Card Strategy

Sr Director, Consumer Credit Card Strategy

PenFed Credit Union

Mclean, VA • Hybrid

Full-time

Re-posted 14 days ago

PenFed Credit Union rating

7.6

Company rating: 7.6 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

Job description

Overview

PenFed is hiring a (Hybrid) Sr Director, Consumer Credit Card Strategy at our Tysons, Virginia location. The primary purpose of this role is to own the end-to-end development and implementation of credit strategy/policy and conduct credit risk monitoring & analytics for Credit Card and Deposits Overdraft products.

This position will contribute to setting up strategic goal / credit agenda and managing a team of managers & analysts. This position plays a critical role in enhancing credit risk strategy and management ecosystem to enable sustainable and resilient Credit Card business growth, including achieving business goal within risk appetite, optimizing targeting & acquisition credit strategy, mitigate credit abuse and portfolio risk, enhance lending program economics, and support member retention / engagement.

The incumbent will partner closely with Consumer Lending product team and other key stakeholders across Consumer Banking and Enterprise teams.

The ideal candidate will have a deep understanding of the inherent risk and performance drivers of Credit Card / Overdraft business as well as direct experience in developing credit policy/strategy. The candidate is expected to exhibit sound judgment in decision making and be an inclusive and collaborative partner.


Responsibilities

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties, and the position will perform other duties as assigned.

  • Manage and grow a team with strong analytical and credit strategy development capability, focusing on credit risk and portfolio/account level profitability, as well as optimizing marketing effectiveness.
  • Lead team to develop and manage new origination automated/judgmental credit strategies as well as account management credit policies, from approve/decline, line assignment and portfolio risk management.
  • Responsible for defining Credit Card & Overdraft credit strategy risk tolerance limits and decisioning constraints in collaboration with second line Credit Risk Management.
  • Lead team to develop and maintain cash flow/NPV valuation tool for acquisition and account management programs to enable decisioning optimization.
    • Derive and refine risk segmentation and loss expectations / risk premium.
    • Ground and extrapolate economics inputs, assumptions, and curve shape.
    • Evaluate, recommend, and operate valuation platform.
    • Automate sensitivity and gaming functionalities.
    • Develop standardized metrics and reporting around NPV valuation, monitoring, and platform/tool assessment/refinement.
    • Working with finance to govern the NPV development, review and decision-making process.
  • Lead team to develop / refine Credit Card & Overdraft initial line assignment strategy:
    • Evaluate and recommend segmentation schemes, such as Risk, Channel, Product, Channel and Ability to Pay.
    • Derive recommended initial credit limit based on cash flow valuation model economics projections and decision constraints. Benchmark against industry.
    • Ground sensitivities on assumption for line assignments and testing agenda for continuous optimization.
    • Develop and test on graduation / line increase strategy (with control and assumptions needed for the program to be effective)
  • Lead team to develop credit strategies tailored to acquisition channel and product type to support business growth. Partner with business segment product owners to optimize acquisition targeting/marketing campaigns that align with credit policies.
  • Lead team to monitor credit quality, risk performance, and economics of Credit Card & Overdraft portfolio on the ongoing basis to prevent or mitigate consumer loan losses.
    • Program deep dive and credit policy change monitoring to drive credit policy optimization and risk mitigation strategies.
    • Monitoring and analysis of credit risk for both organic and acquired portfolio, prepare materials for regular Business Review and Credit Risk Committee presentation.
  • Provide risk analytics to support credit expansion by overseeing credit aspects of onboarding of acquired portfolios and product launch.
  • Function as a strategic and trusted partner with Product Team as they evaluate new asset classes/products.
  • Partner with key stakeholders in various groups (Credit Risk Modeling, Product, 2nd line Credit Risk Management, Compliance, Operations, Finance and Enterprise Risk Management) to identify areas of opportunity and spearhead initiatives to enable profitable growth while aligning with Enterprise risk appetite and capital plan and adapting to changing economic and regulatory environment.
  • Provide thought leadership, coaching and training to team to develop skills, cultivate credit culture and achieve strategic goals.
  • Maintain strong working knowledge of consumer lending related regulations to ensure compliance. Remain abreast of financial regulatory developments in credit risk management and best practices within the industry.
  • Participate in external and internal audits, and regulatory examinations as needed.
  • Spearhead GenAI adoption to automate, improve efficiency and enhance credit policy / underwriting.
  • Identify required data and work with data stewards to understand data source, ensure data quality and retrieve data on a timely basis. Contribute to credit data mart and corporate database designs.

Qualifications

Equivalent combination of education and experience is considered.

  • Bachelor’s degree in business, Economics, Quantitative Discipline or Equivalent, Finance is required. MBA or master’s degree in the related field is highly preferred.
  • Minimum of twelve (12) years’ experience in credit strategy, credit policy & analysis or credit risk management in the financial services industry.  Experience in Consumer Lending products preferably Credit Card.
  • Minimum of five (5) years of direct management experience.
  • Ability to interact effectively with a variety of partner teams within and outside Consumer Banking in a collaborative environment. Ability to influence and build consensus with 2nd line Credit Risk on credit decisions.
  • Detail-oriented, results-driven, and ability to navigate in a quickly changing and high demand environment to develop solutions while balancing multiple priorities.
  • Demonstrate strong integrative thinking, problem-solving and high degree of proficiency in synthesizing and communicating data from a variety of disciplines.
  • Excellent written, verbal communication and presentation skills. Ability to explain complex topics and technical details in succinct storytelling to a wide variety of audiences.
  • Self-motivated and strong people skills to actively lead and implement ideas in a cross-functional team environment.
  • Proven project management skills, ability to manage multiple projects. Ability to manage multiple projects simultaneously and adapt to rapid changes in priority.
  • Strong skills in various data analysis and visualization tools including PowerPoint, Excel, Tableau and SQL are required. Proficiency with statistical tools (R, Python) is preferred.
  • Experience using A.I. tools preferred.

Supervisory Responsibility

This position will supervise employees.

Licenses and Certifications

There are no additional certifications required.
 

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

Travel

Ability to travel to various worksites and be on call will be required.

Pay Transparency

The anticipated starting salary range for this role is $121,800.00 - $285,683.00
This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval.
This position is eligible for an individual performance based annual bonus.

#LI-Hybrid

Qualifications:

Equivalent combination of education and experience is considered.

  • Bachelor’s degree in business, Economics, Quantitative Discipline or Equivalent, Finance is required. MBA or master’s degree in the related field is highly preferred.
  • Minimum of twelve (12) years’ experience in credit strategy, credit policy & analysis or credit risk management in the financial services industry.  Experience in Consumer Lending products preferably Credit Card.
  • Minimum of five (5) years of direct management experience.
  • Ability to interact effectively with a variety of partner teams within and outside Consumer Banking in a collaborative environment. Ability to influence and build consensus with 2nd line Credit Risk on credit decisions.
  • Detail-oriented, results-driven, and ability to navigate in a quickly changing and high demand environment to develop solutions while balancing multiple priorities.
  • Demonstrate strong integrative thinking, problem-solving and high degree of proficiency in synthesizing and communicating data from a variety of disciplines.
  • Excellent written, verbal communication and presentation skills. Ability to explain complex topics and technical details in succinct storytelling to a wide variety of audiences.
  • Self-motivated and strong people skills to actively lead and implement ideas in a cross-functional team environment.
  • Proven project management skills, ability to manage multiple projects. Ability to manage multiple projects simultaneously and adapt to rapid changes in priority.
  • Strong skills in various data analysis and visualization tools including PowerPoint, Excel, Tableau and SQL are required. Proficiency with statistical tools (R, Python) is preferred.
  • Experience using A.I. tools preferred.

Supervisory Responsibility

This position will supervise employees.

Licenses and Certifications

There are no additional certifications required.
 

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

Travel

Ability to travel to various worksites and be on call will be required.

Pay Transparency

The anticipated starting salary range for this role is $121,800.00 - $285,683.00
This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval.
This position is eligible for an individual performance based annual bonus.

#LI-Hybrid

Education:UNAVAILABLEEmployment Type: FULL_TIME

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