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

Savvy Staffing Solutions, LLC

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Credit Analyst/Underwriting

Needham, MA · On-site

$28 - $31/hr

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

Boston Dynamics

Senior Treasury Specialist

Waltham, MA · On-site

$102K - $135K/yr

... debt management, interest rate/credit risk hedging, and investment portfolio. The Senior Treasury Specialist is responsible for treasury accounting, its impact on accurate financial records, and ...

Boston Dynamics

Senior Treasury Specialist

Waltham, MA · On-site

$102 - $135/hr

... debt management, interest rate/credit risk hedging, and investment portfolio. The Senior Treasury Specialist is responsible for treasury accounting, its impact on accurate financial records, and ...

Bostondynamics

Senior Treasury Specialist

Waltham, MA · On-site

$102K - $135K/yr

... debt management, interest rate/credit risk hedging, and investment portfolio. The Senior Treasury Specialist is responsible for treasury accounting, its impact on accurate financial records, and ...

Farm Credit East

Credit Analyst Associate

Dayville, CT · Hybrid

$55K - $80K/yr

... assessing risk, and making recommendations. * Fuels organizational synergy through consistent ... This will be reviewed based on manager discretion. Compensation and Benefits: * Salary: $55,000 ...

Td

Account Manager III (US)

Worcester, MA · On-site

$115K - $186K/yr

Ensures accuracy within maintenance of Customer records, including credit administration, exception and risk management, and files and updates information as needed; Prepares in-depth management ...

Savers Bank

Commercial Credit Officer

Southbridge, MA

$74K - $118K/yr

... the risk associated with loan transactions. This role is responsible for conducting a thorough ... Stakeholder Communication & Relationship Management * Ensure effective communication and timely ...

Needham Bank

Senior Credit Analyst

Wellesley, MA · On-site

$75K - $105K/yr

Recommend appropriate loan risk rating. * Review loans for covenant compliance * Review and ... Strong time management skills and ability to handle multiple projects * Working knowledge of ...

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Showing results 21-40

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

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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.

Credit Analyst/Underwriting

Savvy Staffing Solutions, LLC

Needham, MA • On-site

$28 - $31/hr

Full-time

Medical

Re-posted 2 days ago

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Job description

Pay: $28.00 - $31.00 per hour

Job description:

Credit Analyst / Commercial Lending Underwriter

Needham, MA

$28.00hr - $31.00/hr
Full-Time / Contract / Possible Temp-to-perm

Savvy Staffing is seeking an experienced Credit Analyst for a well-established bank located in Needham, MA. This position is responsible for evaluating commercial loan requests, analyzing financial information, assessing credit risk, and supporting the growth of a high-quality commercial loan portfolio.

If you have experience in commercial credit underwriting and enjoy working in a collaborative banking environment, we'd love to hear from you!

Responsibilities

  • Analyze and underwrite commercial loan requests in accordance with established lending policies and underwriting guidelines.
  • Review financial statements, tax returns, credit reports, appraisals, and other documentation to evaluate creditworthiness.
  • Assess cash flow, collateral, financial trends, and overall risk to recommend appropriate loan structures.
  • Prepare detailed credit presentations and underwriting summaries for loan approval.
  • Partner with Commercial Relationship Managers to support customer financing needs.
  • Meet with customers and financial professionals as needed to discuss loan requests and underwriting matters.
  • Perform annual credit reviews and monitor existing loan portfolios for potential risks.
  • Conduct market and industry research to support sound lending decisions.
  • Ensure compliance with all applicable banking regulations, internal policies, and lending procedures.

Qualifications

  • Bachelor's degree in Finance, Accounting, Business, Economics, or a related field.
  • Minimum of 2 years of commercial credit underwriting experience.
  • Strong understanding of commercial lending principles and financial statement analysis.
  • Excellent written, verbal, and analytical skills.
  • Proficiency with Microsoft Office, including Excel and Word.
  • Ability to manage multiple priorities while maintaining attention to detail.
  • Knowledge of banking regulations and compliance requirements is preferred.