ZipRecruiter

Log In

1

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

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 ...

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 ...

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 ...

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 ...

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 Sep 5, 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.

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 popular job titles related to Credit Risk Manager jobs in Worcester, MA?

For Credit Risk Manager jobs in Worcester, MA, the most frequently searched job titles are:

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 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $157,742 per year, or $75.8 per hour.

Wholesale Credit Risk - Associate

Next Frontier Capital

Worcester, MA • On-site

$100 - $140/hr

Other

Posted 4 days ago

Key responsibilities

  • Manage lending activities and trading-related credit exposures with Japan-based companies and their overseas subsidiaries.

  • Conduct customer due diligence, financial analysis, and prepare credit approval memos and reviews.

  • Review and approve trading activity, recommend margin requirements, and develop risk mitigation structures.

Job description

Are you ready to make a significant impact in the world of credit risk management? Join our Credit Risk team to identify, measure, limit, manage, and monitor credit risk across our diverse business operations. As part of Corporate Risk Management, we maintain independence and integrity in decision‑making, reporting directly to the firm’s Chief Risk Officer (CRO). Our practices are designed to safeguard the firm while offering you the opportunity to develop your expertise in credit risk.

As a Credit Risk - Associate in the Commercial & Investment Bank (CIB) Wholesale Credit Risk team, you will be responsible for diligence, risk grading, structuring, and ongoing monitoring of a diverse and complex portfolio of risks. You will manage high‑grade and leveraged loans, asset‑based structured financing, extensive derivatives and securities trading relationships, and intra‑day liquidity facilities. You will serve as the Credit Officer and primary contact for credit relationships, while also mentoring junior team members.

Job responsibilities
  • Manage lending activities and trading‑related credit exposures with Japan‑based companies, including their overseas subsidiaries across the Corporates and Financial Institution sectors
  • Conduct customer due diligence and financial analysis, summarizing findings in written credit approval memos and reviews
  • Review and approve trading activity, recommending margin requirements and structural enhancements
  • Develop and recommend structural solutions to mitigate risk on structured financings, performing cash flow analysis under stressed scenarios
  • Set and communicate credit exposure appetite across trading products using internal exposure methodologies
  • Oversee legal negotiations for traded products
  • Assess client creditworthiness and assign appropriate credit ratings
  • Maintain updated credit research on a portfolio of clients
  • Mentor and guide junior resources, managing workloads and ensuring deadlines are met, escalating issues to senior managers as needed
  • Lead efficiency projects and assist in training and developing analysts
  • Participate in client due diligence meetings
Required qualifications, capabilities, and skills
  • Bachelor's Degree
  • Experience in credit risk management
  • Coursework in accounting and corporate finance
  • Strong interest in client interaction with excellent verbal and written communication skills
  • Ability to perform well under pressure in a demanding environment
  • Proficiency in Excel, PowerPoint, and Word
  • Japanese and English language skills
Preferred qualifications, capabilities, and skills
  • At least 3 years of experience in financial services (investment banking or similar)

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. Join our Credit Risk team that identifies, measures, limits, manages, and monitors credit risk across our businesses.

#J-18808-Ljbffr

Apply