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Credit Risk Monitor Jobs in New York (NOW HIRING)

Assess the sufficiency of credit risk monitoring programs, relevant performance covenants and monitoring guidelines and trigger events. Ensure all credit extensions are made in compliance with ...

Assess the sufficiency of credit risk monitoring programs, relevant performance covenants and monitoring guidelines and trigger events. Ensure all credit extensions are made in compliance with ...

Maintain, test, monitor, and enhance internal and vendor-supported credit risk models, with a focus on model performance, applicability, transparency, and business usability. * Design and implement ...

Sr. Credit Risk Analyst

New York, NY · On-site

$100K - $150K/yr

Monitor portfolio exposures and oversee the interaction between credit, market, and operational risks. * Lead Risk & Compliance Committee (RCC) reporting and support senior leadership with risk ...

Monitor portfolio exposures and oversee the interaction between credit, market, and operational risks. * Lead Risk & Compliance Committee (RCC) reporting and support senior leadership with risk ...

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Credit Risk Monitor information

See New York salary details

$94.6K

$173.2K

$262K

How much do credit risk monitor jobs pay per year?

As of Jun 14, 2026, the average yearly pay for credit risk monitor in New York is $173,199.00, according to ZipRecruiter salary data. Most workers in this role earn between $146,100.00 and $194,200.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Credit Risk Monitors in their day-to-day work?

Credit Risk Monitors often contend with the challenge of evaluating complex financial data from multiple sources to assess a borrower's creditworthiness. They must stay updated on changing market conditions and regulatory requirements, which can impact risk assessments. Another frequent challenge is balancing the need for thorough analysis with tight reporting deadlines. Collaboration with other departments, such as loan officers and compliance teams, is essential for obtaining accurate information and ensuring company policies are followed.

Is risk analyst a high paying job?

A risk analyst, including credit risk monitor roles, typically earns a competitive salary that varies by industry, experience, and location. Entry-level positions may start lower, but experienced risk analysts with specialized skills and certifications can earn higher wages, often comparable to other finance and risk management roles.

What are the key skills and qualifications needed to thrive as a Credit Risk Monitor, and why are they important?

To thrive as a Credit Risk Monitor, you need strong analytical skills, financial acumen, and a background in finance, accounting, or economics, often supported by a relevant degree. Familiarity with risk assessment tools, credit scoring models, and platforms such as Moody’s Analytics or S&P Global Market Intelligence is typically required. Attention to detail, effective communication, and sound judgment help in interpreting data and conveying risk findings to stakeholders. These skills are essential to accurately evaluate creditworthiness and support informed decision-making that protects organizational assets.

How much do credit risk analysts earn?

Credit risk analysts typically earn a median annual salary ranging from $60,000 to $85,000, depending on experience, location, and industry. Entry-level analysts may start at lower salaries, while experienced professionals with certifications can earn over $100,000 annually. The role often requires strong analytical skills and familiarity with financial modeling tools.

What is a Credit Risk Analyst's salary?

A Credit Risk Analyst's salary typically ranges from $55,000 to $85,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications can earn higher salaries, often supplemented with bonuses and benefits.

What is a Credit Risk Monitor?

A Credit Risk Monitor is a professional responsible for analyzing and assessing the credit risk associated with lending or extending credit to individuals or organizations. They monitor financial statements, payment histories, and market trends to evaluate the likelihood of default. Credit Risk Monitors help financial institutions and businesses minimize losses by providing recommendations on credit limits, terms, and risk mitigation strategies. Their work is essential for maintaining the financial health and stability of organizations that rely on credit transactions.

What are the 5 C's of credit risk?

The 5 C's of credit risk—used by credit risk monitors—are Character, Capacity, Capital, Collateral, and Conditions. These factors help assess a borrower's ability and willingness to repay a loan and are fundamental in credit analysis. Understanding these elements is essential for evaluating creditworthiness and managing risk effectively.

What is the difference between Credit Risk Monitor vs Credit Analyst?

AspectCredit Risk MonitorCredit Analyst
Required credentialsTypically requires finance, economics, or related degrees; certifications like CFA are a plusSimilar educational background; certifications like CFA or CPA can be advantageous
Work environmentFinancial services, credit risk assessment, often in corporate or agency settingsBanking, lending institutions, or corporate finance departments
Employer and industry usageUsed by credit rating agencies, financial institutions, and risk management firmsCommon in banks, investment firms, and credit departments

While both roles involve financial analysis and risk assessment, Credit Risk Monitors focus on monitoring and analyzing credit risks at a broader level, often involving data aggregation and industry trend analysis. Credit Analysts typically evaluate individual creditworthiness of clients or companies to inform lending decisions. Understanding these distinctions helps in choosing the right career path or job search focus.

What cities in New York are hiring for Credit Risk Monitor jobs? Cities in New York with the most Credit Risk Monitor job openings:
Senior Credit Risk Review Officer

Senior Credit Risk Review Officer

City National Bank

Jersey City, NJ

$99K - $176K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 24 days ago


Job description

SENOR CREDIT RISK REVIEW OFFICER
WHAT IS THE OPPORTUNITY?
The Credit Risk Review Department (CRR), is part of the 3rd line of defense, and as such is independent of all credit granting, adjudication, operations, and risk management practices performed by the 1st and 2nd lines of defense. CRR's mandate is to independently assess and opine upon the overall credit risk and effectiveness of credit risk management processes of the Bank. CRR also serves as an internal advisor to lending units and credit administration / risk management to identify, recommend and effect process changes regarding credit risk management activities, regulatory issues related to credit risk, credit policy, and general credit underwriting guidelines; identifies current or potential problems regarding the assessment of credit risk and the administration of Bank credit/loan exposure; analyzes and monitors the quality of various retail and commercial credits that represent the wide range of credit products offered by the Bank. Evaluates Credit Policies/Credit Process and assures that proper credit controls are in place to fully satisfy safety and soundness standards established by Bank regulators; monitors adherence to such polices and validates that exceptions are adequately identified, fully justified and properly approved. May lead credit review examinations, prepare final reports, and conduct overall meetings with Bank departments.
WHAT WILL YOU DO?
  • Scope, lead and manage examinations of various types of credit portfolios and credit processes.
  • Performs risk based independent reviews of all types of CNB loan portfolios (including quality assurance document and underwriting reviews) to identify current or potential problems, as well as positive elements, regarding the assessment of credit risk and the administration of Bank credit/loan exposure.
  • Determines the accuracy of assigned internal credit risk ratings, non-compliance with CNB policies and procedures, loan weaknesses so that timely corrective actions can be taken, violations of laws and regulations and inadequate credit/collateral documentation.
  • Identifies, recommends and effects process changes as related to credit risk management activities, regulatory statutes, credit policy and general credit underwriting guidelines.
  • Interprets and evaluates Bank Credit Policy and assures that proper credit controls are in place to appropriately manage credit risk. Monitors adherence to such policies and validates that exceptions are adequately identified, fully justified and properly approved.
  • Acts as internal advisor/partner to CNB’s line units regarding loan and credit matters and provides guidance in areas that require further development.
  • Maintains awareness of the current regulatory/industry trends impacting the Bank’s credit areas.
  • Promotes teamwork within the department to ensure that knowledge and experience is shared among team members.
  • Prepares departmental reports and other portfolio reporting as requested by management.
  • Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
  • Completes all required training and special projects as requested.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
  • Bachelor's Degree or equivalent
  • Minimum 10 years of credit examination experience as a commercial lender, regulator or credit review officer
  • Minimum of 5 years of MS Office experience
Additional Qualifications
  • Completion of a formal credit training program at a commercial bank a plus.
  • Previous experience in leading teams of examiners is highly desirable.
  • Strong understanding of analyzing various types of middle market credits required.
  • A thorough understanding of analyzing various types of commercial credit including corporate, syndicated, and leveraged loans is highly desired, along with understanding of high net worth and private client lending and retail loan products.
  • Thorough knowledge of Probability of Default (PD) and Loss Given Default (LGD) systems required.
  • Must be able to lead a team of examiners in the successful completion of credit risk review activities and related projects.
  • Must be able to work successfully in a client focused, consultative work environment.
  • Excellent interpersonal skills, strong verbal and written communication skills, and strong project management skills.
  • Thorough knowledge and operational skills in the use of personal computers and various software packages, including Excel and Word.

WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $99,000 - $176,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
  • Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
  • Generous 401(k) company matching contribution
  • Career Development through Tuition Reimbursement and other internal upskilling and training resources
  • Valued Time Away benefits including vacation, sick and volunteer time
  • Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
  • Career Mobility support from a dedicated recruitment team
  • Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.

ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.