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Credit Risk Salary Jobs in Colorado (NOW HIRING)

You'll also analyze financial statements, assess credit risk, prepare reports, and help ensure ... We offer a competitive salary and excellent benefit packages. Benefits vary based on employment ...

This role offers the opportunity to blend financial analysis, credit risk evaluation, and cross ... Through competitive salaries and bonuses, life, medical/dental/vision coverage, voluntary benefits ...

This role offers the opportunity to blend financial analysis, credit risk evaluation, and cross ... Through competitive salaries and bonuses, life, medical/dental/vision coverage, voluntary benefits ...

If relevant, performs ongoing credit risk management for assigned portfolio. Coaches and/or reviews ... 800.00 Salaries may vary based on geographic location, market data and on individual skills ...

Financial Analyst

Broomfield, CO ยท Hybrid

$71K - $89K/yr

Utilizes and creates Finance and Credit Risk databases leveraging Business Intelligence best ... The person hired into this position will likely earn between $71,973 & $89,966 annual salary, plus ...

Model Risk Analyst

Denver, CO ยท Hybrid

$85K - $95K/yr

The salary range for this position is $85,000 to $95,000 depending on knowledge, skills, abilities ... This role ensures that models-used for credit risk, liquidity risk, market risk, capital planning ...

Model Risk Analyst

Denver, CO ยท On-site

$85K - $95K/yr

The salary range for this position is $85,000 to $95,000 depending on knowledge, skills, abilities ... This role ensures that models--used for credit risk, liquidity risk, market risk, capital planning ...

Model Risk Analyst

Denver, CO ยท On-site

$85K - $95K/yr

The salary range for this position is $85,000 to $95,000 depending on knowledge, skills, abilities ... This role ensures that models-used for credit risk, liquidity risk, market risk, capital planning ...

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Credit Risk Salary information

What is the average salary for a credit risk analyst?

The average salary for a credit risk analyst varies depending on experience, location, and industry. In the United States, entry-level credit risk analysts typically earn between $55,000 and $75,000 per year, while those with several years of experience or advanced certifications can earn upwards of $90,000 to $120,000 annually. Senior credit risk professionals and managers may earn even higher salaries, especially in major financial centers. Compensation can also include bonuses and benefits, depending on the employer.

What are the typical challenges faced by professionals working in credit risk analysis roles?

Professionals in credit risk analysis often encounter challenges such as evaluating complex financial information under tight deadlines, keeping up with evolving regulatory requirements, and adapting to rapidly changing market conditions. They must balance the need for thorough risk assessment with the demands for quick decision-making from stakeholders. Collaboration with other departments, such as sales and compliance, is common and requires strong communication skills to ensure accurate risk profiling and alignment with company policies.

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

AspectCredit Risk SalaryCredit Analyst Salary
Required CredentialsBachelor's degree, certifications like CFA or FRM often preferredBachelor's degree, certifications like CFA or similar advantageous
Work EnvironmentRisk management teams within banks, financial institutionsCredit departments, lending teams in banks and financial firms
Employer & Industry UsageUsed in risk assessment roles across finance sectorsCommonly used in credit evaluation and lending processes

Both roles involve financial analysis and require similar credentials, but Credit Risk Salary pertains to broader risk management positions, while Credit Analyst Salary focuses specifically on credit evaluation and lending decisions within financial institutions.

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

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial principles, and typically a degree in finance, economics, or a related field. Proficiency with risk modeling tools, data analysis software such as Excel, SAS, or SQL, and familiarity with credit rating systems are important technical requirements. Attention to detail, problem-solving abilities, and effective communication are standout soft skills in this role. These competencies are crucial for accurately assessing creditworthiness, mitigating financial risk, and supporting informed lending decisions.
What are popular job titles related to Credit Risk Salary jobs in Colorado? For Credit Risk Salary jobs in Colorado, the most frequently searched job titles are:
Insurance and Credit Risk Manager

Insurance and Credit Risk Manager

Tri-State Generation and Transmission Association, Inc.

Westminster, CO โ€ข On-site

$122K - $156K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago


Job description


Responsible for overseeing the organization's insurance and credit risk management functions, including insurance procurement, credit risk analysis, claims and litigation management, loss control, and contract evaluation. This role ensures compliance with industry regulations and internal policies while supporting strategic financial objectives.
Tri-State recognizes the value of a highly-engaged and committed workforce and provides an excellent benefits program that includes: Medical Insurance, Dental Insurance, Vision Insurance, Health Savings Account (HSA), Flexible Spending Accounts (FSA), Tuition Reimbursement, Flexible Work Schedules including compressed work week and telecommuting opportunities to work remotely up to 40%, Life Insurance, 401K, Long Term Disability (LTD), Short Term Disability (STD), Employee Assistant Program (EAP) and Paid Leave Benefits.
Insurance and Credit Risk Manager
Hiring Salary Range: $122,000-$156,000
Actual compensation offer to candidate may vary outside of the posted hiring salary range based upon work experience, education, and/or skill level.
Responsibilities
  • Establishes, manages and implements the insurance and counterparty credit risk management policies, programs and procedures. Monitors and evaluates program effectiveness and effects changes required for improvement.
  • Oversee the protection of corporate assets by determining appropriate insurance coverage, prepare and places requests for quotations, negotiating favorable terms, procures insurance policies, including annual renewals. Orders insurance policy changes as required providing adequate and necessary coverage for new locations and exposures.
  • Provides excellent customer service and ensures excellent delivery of all insurance services to the corporation by coordinating all activity, working cooperatively with brokers and carriers. Leads any necessary requests for proposals for services.
  • Collaborate with management for creative, logical and appropriate solutions to minimize risk to the corporation; and advise senior level management on appropriate counterparty and insurance risk management issues.
  • Oversees the investigation and settlement of all insurance claims against the corporation; manages data to appropriately track and report claims to insurance carriers; manages certificates of insurance, and other forms of proof, process including timely processing to others, and validation of those provided to the corporation.
  • Manages loss control efforts for Tri-State, coordinating visits and reviewing and clears recommendations.
  • Interprets, creates and alters contract language regarding insurance and credit requirements, indemnity provisions, waivers of subrogation, etc., associated with all vendor and counterparty contracts in conjunction with the legal department and communicates on a regular basis with Legal staff for both contract reviews and any claims assistance that might be required.
  • Oversee counterparty credit limit setting and monitoring, as well as periodic counterparty evaluations. Ensuring robust credit risk modeling, forecasting, and reporting systems are in place.
  • Coordinate all in and out bound collateral; ensure appropriate monitoring of collateral to ensure renewals are accomplished timely to protect Tri-State interests.
  • Manage corporate surety bond program, ensuring capacity is sufficient and program is competitively priced, assist in bond issuance and rebilling, manage renewals and extensions as needed, and provide sureties updates on Tri-State.
  • Coordinates with the Safety and Environmental groups as needed in accident analysis, disaster planning and risk assessment.
  • Develops and manages annual budgets for the risk programs and performs periodic cost analysis.
  • Reviews the functions and activities of insurance and counterparty credit risk in an effort to contribute to the corporation's growth and financial stability and keeps abreast of legislative agendas at state and federal levels.
  • Lead, mentor, and evaluate direct reports to foster a high-performance culture.
  • Because Tri-State is an electric utility with continuous service obligations to its customers, regular, reliable, and predictable performance and availability for emergencies after hours are essential functions and responsibilities of the job.

OTHER DUTIES/RESPONSIBILITIES
  • Perform other related duties as assigned

SUCCESS FACTORS/JOB COMPETENCIES:
  • Management/Supervision: Ability to organize and manage multiple priorities and assigned staff.
  • Time management: Ability to manage time effectively and to manage multiple routine detail matters while also attending to strategic/complex matters.
  • Problem analysis and problem resolution at both strategic and functional levels.
  • Commitment to company values.
  • Excellent interpersonal and communication skills.
  • Strong team player.
  • Advanced computer proficiency in Excel and Word, comfortable with new technologies with proven track.

Qualifications
Education and Training:
  • Bachelor's degree in Finance, Accounting, Economics or directly related discipline.

Knowledge, Skills, and Ability:
  • Extensive knowledge of insurance and counterparty risk management principles, practices and methodologies.
  • Working knowledge of applicable laws and regulations affecting insurance and credit risk management.
  • Experience in financial review, risk assessment, and/or counterparty credit monitoring.
  • Experience with developing related reports and analytical methods to assess counterparty credit risks.
  • Knowledge of financial/business analysis techniques.
  • Ability to communicate effectively, verbal and written, internally and externally.
  • Excellent interpersonal skills, ability to work with a wide variety of people and lead a team.
  • Creative thinking and problem identification and solving skills is a must.
  • Recognized as expert in the field, solid understanding of contracts and indemnities.

Experience
  • Ten (10) years of progressive professional experience involving insurance, preferably in the electric utility business.
  • Experience with insurance procurement, claims and litigation management.
  • Experience with loss control, contract evaluation, broker selection, loss forecasting and budget development.
  • Experience with self-insurance, underwriting and submissions and property risk control.
  • Willingness to travel as required.

DESIRED JOB QUALIFICATIONS
Following certifications are preferred:
  • Certified Risk Manager (CRM)
  • Associate in Risk Management (ARM)
  • Certification in Risk Management Insurance (RMI)

About Us
Tri-State is a wholesale power supply cooperative, operating on a not-for-profit basis, with electric distribution cooperatives and public power district members in four states: Colorado, Nebraska, New Mexico and Wyoming. Together with its members, Tri-State delivers reliable, affordable and responsible power and energy services to nearly a million electricity consumers across roughly 200,000 square miles of the West.
Founded in 1952 by its member systems to provide a reliable, cost-based supply of electricity, Tri-State is now headquartered in Westminster, Colo., employing approximately 1,000 people across five states.
Tri-State's electricity is generated from coal, natural gas, hydropower, wind, and solar. This power reaches members via a transmission system that includes substation facilities, telecommunications sites and almost 6,000 miles of high voltage transmission lines.
As a member-owned and -governed cooperative, every member has a voice and an equal vote in the future of Tri-State.