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Credit Risk Manager Jobs in Toms River, NJ (NOW HIRING)

Topaz HR

Chief Credit Officer

Toms River, NJ · On-site

Lead underwriting, credit, and risk management functions * Develop and enhance credit policies, risk frameworks, and approval processes * Oversee portfolio performance, pricing discipline, and risk ...

Topaz HR

Chief Credit Officer

Toms River, NJ · On-site

$150 - $200/hr

Lead underwriting, credit, and risk management functions * Develop and enhance credit policies, risk frameworks, and approval processes * Oversee portfolio performance, pricing discipline, and risk ...

First Bank

Senior Risk Manager

Hamilton, NJ · On-site

Duties & Responsibilities: • Oversee all enterprise risk management which incorporates programs for credit, market, compliance, and operational risk management. • Monitor the organization's risk ...

PNC

LOB Risk Spec Sr

East Brunswick, NJ · On-site

$90K - $150K/yr

Executes the Line of Business Risk Management program, identifying opportunities for enhancement ... Credit, Legal, Audit). * Leads or influences risk initiatives and business as usual activities.

PNC Bank

Underwriter III - Corporate

East Brunswick, NJ

$86K - $172K/yr

If relevant, performs ongoing credit risk management for assigned portfolio. May coach and/or review the work of other underwriters and fill in for manager as required. * Contacts internal/external ...

PNC

Underwriter III - REB

East Brunswick, NJ · On-site

$86K - $172K/yr

If relevant, performs ongoing credit risk management for assigned portfolio. May coach and/or review the work of other underwriters and fill in for manager as required. * Contacts internal/external ...

PNC Bank

Treasury Management Officer I

East Brunswick, NJ · On-site

$103K - $172K/yr

Handles the origination, financial analysis, negotiation and documentation of non-credit products and services. * Manages risk/return and drives quality for new and/or existing clients. Actively ...

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How much do credit risk manager jobs pay per year?

As of Aug 23, 2026, the average yearly pay for credit risk manager in Toms River, NJ is $159,952.00, according to ZipRecruiter salary data. Most workers in this role earn between $134,900.00 and $179,300.00 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.
More about Credit Risk Manager jobs

What are the most commonly searched types of Credit Risk jobs in Toms River, NJ?

The most popular types of Credit Risk jobs in Toms River, NJ are:

What job categories do people searching Credit Risk Manager jobs in Toms River, NJ look for?

The top searched job categories for Credit Risk Manager jobs in Toms River, NJ are:

What cities near Toms River, NJ are hiring for Credit Risk Manager jobs?

Cities near Toms River, NJ with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Toms River, NJ as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $159,952 per year, or $76.9 per hour.

Chief Credit Officer

Topaz HR

Toms River, NJ • On-site

Full-time

PTO

Re-posted 20 days ago

Job description

Position Overview

A growing financial services organization is seeking a Chief Credit Officer to lead underwriting, credit risk, and portfolio management functions. This executive-level role will be responsible for credit strategy, risk oversight, underwriting performance, and portfolio quality while supporting the company's continued growth. The ideal candidate brings strong leadership experience within commercial lending, alternative finance, fintech, or revenue-based financing environments and can balance disciplined risk management with sustainable business expansion.

Responsibilities
  • Lead underwriting, credit, and risk management functions
  • Develop and enhance credit policies, risk frameworks, and approval processes
  • Oversee portfolio performance, pricing discipline, and risk exposure
  • Manage and mentor underwriting and credit teams
  • Review and approve high-value or complex transactions
  • Partner with executive leadership on growth strategy and risk management
  • Monitor portfolio trends, credit quality, and loss mitigation efforts
  • Drive process improvements, automation, and underwriting efficiency
Qualifications
  • 3+ years of experience in underwriting, credit risk, commercial lending, alternative finance, or fintech lending
  • 3+ years of leadership experience managing underwriting or credit teams
  • Experience with MCA, revenue-based financing, commercial lending, or similar products
  • Strong expertise in cash-flow underwriting, risk assessment, and portfolio management
  • Tech-savvy with a high level of comfort using modern financial technology, underwriting platforms, data analytics tools, CRM systems, and workflow automation solutions
  • Experience improving underwriting systems, workflows, or credit models preferred
  • Excellent analytical, leadership, and decision-making skills
Compensation & Benefits
  • $150,000–$200,000 base + bonus depending on experience
  • Performance-based bonus opportunity
  • Paid time off
  • Executive-level growth and leadership opportunity
About the Employer

A rapidly growing financial services company that provides flexible working capital solutions to small and mid-sized businesses nationwide. The organization combines disciplined risk management, operational excellence, and technology-driven decision-making to deliver efficient funding solutions while maintaining a strong commitment to client service and portfolio performance.

EEO Statement

Topaz HR is an Equal Opportunity Employer, and we do not discriminate on the basis of race, color, religion, gender, national origin, age, disability, or any other status protected by applicable law. We value and are committed to creating an inclusive environment for all employees.

Please Note

Topaz HR is managing the recruitment process for this opportunity. Additional information about the organization will be shared with qualified candidates during the interview process. All hiring decisions will be made directly by the employer.

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