ZipRecruiter

Log In

1

Credit Risk Manager Jobs in Worcester, MA (NOW HIRING)

Talently

Senior Credit Analyst

Franklin, MA · On-site

$90K - $100K/yr

Join a dynamic company in the Banking industry focused on disciplined commercial lending and proactive portfolio risk management. The Senior Credit Analyst role provides the opportunity to lead ...

3ds

Manager of Cash & Credit Collections - Americas

Waltham, MA · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Strong knowledge of credit risk management, GAAP/IFRS accounting principles, and Accounts Receivable best practices. * Experience with ERP platforms such as SAP S/4HANA, Oracle, or similar systems ...

MRINetwork Jobs

Senior Credit Analyst

Franklin, MA · On-site

This position assures that these analyses are accurate, objectively present the risk of the transaction, and address the bank's ability to be re-paid. The Senior Credit Analyst will manage credit ...

Dean Bank

Senior Credit Analyst

Franklin, MA · On-site

This position assures that these analyses are accurate, objectively present the risk of the transaction, and address the bank's ability to be re-paid. The Senior Credit Analyst will manage credit ...

MRINetwork Jobs

Senior Credit Analyst

Franklin, MA · On-site

This position assures that these analyses are accurate, objectively present the risk of the transaction, and address the bank's ability to be re-paid. The Senior Credit Analyst will manage credit ...

MRINetwork Jobs

Senior Credit Analyst

Franklin, MA · On-site

This position assures that these analyses are accurate, objectively present the risk of the transaction, and address the bank's ability to be re-paid. The Senior Credit Analyst will manage credit ...

Savvy Staffing Solutions, LLC

Be Seen First

Credit Analyst/Underwriting

Needham, MA · On-site

$28 - $31/hr

  • Medical

... risk to recommend appropriate loan structures. * Prepare detailed credit presentations and underwriting summaries for loan approval. * Partner with Commercial Relationship Managers to support ...

next page

Showing results 1-20

All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Worcester, MA

Credit Risk Manager information

See Worcester, MA salary details

$86.2K

$157.7K

$238.6K

How much do credit risk manager jobs pay per year?

As of Aug 13, 2026, the average yearly pay for credit risk manager in Worcester, MA is $157,742.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,000.00 and $176,900.00 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.

More about Credit Risk Manager jobs

What job categories do people searching Credit Risk Manager jobs in Worcester, MA look for?

The top searched job categories for Credit Risk Manager jobs in Worcester, MA are:

What cities near Worcester, MA are hiring for Credit Risk Manager jobs?

Cities near Worcester, MA with the most Credit Risk Manager job openings:

Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Worcester, MA as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 15% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $157,742 per year, or $75.8 per hour.

Wholesale Credit Risk - Vice President

Next Frontier Capital

Worcester, MA • On-site

$180 - $300/hr

Other

Posted yesterday

New

Job description

Are you interested in contributing to keeping JPMorganChase strong and resilient? If you are keen to be part of the Credit Risk team to help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers, and communities, this opportunity is for you. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

As a Vice President in the Wholesale Credit Risk team, you will be based in Hong Kong, supporting the Greater China and Southeast Asia Wholesale Credit Risk team. You will be at the forefront of executing transactions across derivatives, liquidity and cash management products, vanilla and structured loans, as well as acquisition & leveraged finance. You will be working closely with our business partners from various sectors including Global Investment Banking, Commercial Banking and Corporate Banking as well as Markets and Securities Services and Global Payments. Your role will be pivotal in promoting credit analytics including risk rating determination, industry assessment with a key focus on due diligence, structuring, negotiation, documentation, and approval of transactions. You will also be responsible for the ongoing credit monitoring and review work for all client facilities, providing you with a diverse and dynamic work environment.

Job responsibilities
  • Be responsible for ongoing credible challenge, supervision and management of an assigned portfolio of corporate and institutional clients across a range of industries
  • Take a lead role in the due diligence, structuring and documentation for transactions
  • Conduct detailed review of forward-looking credit analysis, along with necessary financial modelling, to provide insight into clients’ industries and the key business and financial risks they face
  • Exercise a meaningful credit approval authority
  • Interact closely with transaction stakeholders including client coverage and product bankers, credit executives and legal counsel
  • Review various credit and regulatory reporting requirements
  • Mentor and develop junior Wholesale Credit Risk team members
  • Track market and industry developments and their impact on clients
  • Recommend and monitor internal credit ratings; and
  • Support the team with ongoing ad-hoc initiatives and work streams
Required qualifications, capabilities and skills
  • Minimum of 6 years’ experience gained in a credit risk role within corporate, institutional and/or investment banking
  • Bachelor's degree in Banking and Financial Investment, or other related disciplines
  • Strong credit risk analysis skills covering both qualitative and quantitative analysis
  • Strong understanding of products across loans, derivatives and liquidity and cash management products as well as related documentation
  • Fluency in written and spoken Mandarin
  • Ability to take a leading role in identifying key issues and concerns relating to clients, their industries and transaction structures
  • Strong interpersonal skills
  • Ability to demonstrate good time management and clarity in thinking when dealing with multiple work streams in a fast-paced environment
  • Ability to foster relationships and confidently interact with origination teams and other internal stakeholders
Preferred qualifications, capabilities and skills
  • Highly proficient in Microsoft Excel with an ability to navigate through financial models, as well as other Microsoft programs (PowerPoint, Word, Outlook etc.)
  • Undergraduate degree or post graduate qualifications in accounting, business, finance, or a quantitative related discipline
  • Able to work autonomously and drive results. Must be able to take the strategy of the greater team, implement and continually drive positive change

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.


We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Drive responsible growth: lead Greater China and Southeast Asia wholesale credit risk across loans, derivatives and cash products.

#J-18808-Ljbffr

Apply