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Credit Risk Jobs in Massachusetts (NOW HIRING)

MutualOne Bank

Credit Analyst II

Framingham, MA · On-site

November Summary / Objective The Credit Analyst II is responsible for determining and monitoring credit risk in the commercial loan portfolio, and for assisting the AVP, Credit Team Leader with ...

MassMutual

Head of Balance Sheet Risk

Springfield, MA · On-site

$249K - $347K/yr

Working closely with the Head of Credit Risk, you will also ensure that analytical and risk management processes and deliverables within the Capital & Investment Risk team are connected and scaled ...

MassMutual

Head of Balance Sheet Risk

Boston, MA · On-site

$249K - $347K/yr

Working closely with the Head of Credit Risk, you will also ensure that analytical and risk management processes and deliverables within the Capital & Investment Risk team are connected and scaled ...

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All JobsCredit Risk JobsCredit Risk Jobs in Massachusetts

Credit Risk information

See Massachusetts salary details

$54.6K

$119.4K

$199.9K

How much do credit risk jobs pay per year?

As of Jul 15, 2026, the average yearly pay for credit risk in Massachusetts is $119,385.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,900.00 and $155,100.00 per year, depending on experience, location, and employer.

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 statements, and a background in finance, economics, or a related field, often supported by a relevant degree or certification (such as FRM or CFA). Familiarity with risk assessment tools, financial modeling software, and credit rating systems is typically required. Attention to detail, critical thinking, and effective communication are essential soft skills for interpreting data and presenting risk assessments to stakeholders. These skills and qualities are crucial for making informed decisions that minimize financial losses and ensure sound lending practices.

What is the difference between Credit Risk vs Credit Analyst?

AspectCredit RiskCredit Analyst
Primary FocusAssessing the likelihood of borrower default to manage overall credit riskAnalyzing credit data to determine creditworthiness of individual applicants
Work EnvironmentRisk management teams, financial institutions, credit departmentsBanking, lending institutions, financial services
Required CredentialsOften requires risk management certifications, finance degreesFinance or accounting degrees, certifications like CFA or credit-specific courses

While both roles involve understanding credit, Credit Risk focuses on managing the overall risk exposure of an organization, whereas a Credit Analyst evaluates individual credit applications to determine approval. Both roles are essential in the lending process but differ in scope and responsibilities.

What is credit risk and what does a credit risk professional do?

Credit risk refers to the possibility that a borrower or counterparty will fail to meet their financial obligations, such as repaying a loan or making payments on time. Credit risk professionals analyze financial data, assess the creditworthiness of individuals or companies, and help set lending policies to minimize potential losses for banks or financial institutions. They use various models and tools to evaluate risk, monitor existing loans, and recommend strategies to mitigate exposure. Their work is essential for maintaining the financial health and stability of lending organizations.

What are some typical challenges faced by professionals in credit risk roles, and how can they be addressed?

Credit risk professionals often encounter challenges such as assessing the creditworthiness of new and existing clients, keeping up with rapidly changing market conditions, and managing large volumes of data to make informed decisions. To address these, it's important to stay updated on industry trends, develop strong analytical and communication skills, and leverage advanced risk assessment tools. Collaborating closely with colleagues in underwriting, sales, and compliance teams also helps ensure well-rounded risk evaluations and consistent application of policies.
What are the most commonly searched types of Credit Risk jobs in Massachusetts? The most popular types of Credit Risk jobs in Massachusetts are:
What are popular job titles related to Credit Risk jobs in Massachusetts? For Credit Risk jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in Massachusetts look for? The top searched job categories for Credit Risk jobs in Massachusetts are:
What cities in Massachusetts are hiring for Credit Risk jobs? Cities in Massachusetts with the most Credit Risk job openings:
Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Massachusetts as of July 2026, with employment types broken down into 67% Full Time, and 33% Temporary. Highlights an 100% In-person job distribution, with an average salary of $119,385 per year, or $57.4 per hour.
Manager, Quality Assurance (Credit Risk)

Manager, Quality Assurance (Credit Risk)

First Technology Federal Credit Union

Marlborough, MA • Hybrid

$131K - $157K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Description

This role leads a critical function responsible for ensuring the organization’s risk appetite is being translated appropriately and consistently. This position oversees a team of specialized analysts who conduct post‑execution reviews of operational decisions to verify their soundness, provide a credible challenge to first‑line activities, and manage a collaborative rebuttal process that ensures accuracy, fairness, and transparency in final reporting.
Here's what you can expect from the job and what you need to be successful:
Job Duties
  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 
  • Develop and execute a quality assurance review plan.
  • Supervise detailed reviews to verify compliance with policies, and quality of associated rationale.
  • Supervise the detailed review of judgmental decisions in business area.
  • Act as the primary point of escalation for disagreements, providing objective adjudication on decisions.
  • Facilitate the rebuttal process by sharing preliminary findings with key stakeholders, allowing them to challenge findings or provide missing information.
  • Synthesize findings into monthly quality reports for Senior Leadership.
  • Identify weaknesses and collaborate across teams to recommend specific updates to policies or training programs.
  • Mentor and develop a team, ensuring consistency in standards and technical proficiency across the department.
Essential Skills
  • 5+ years of experience in enterprise risk risk governance, and post-execution review
  • Minimum one-year experience as a people leader
  • Expertise in consumer credit underwriting (mortgage, auto, credit card, or personal loans) with a deep understanding of the credit lifecycle, from originations through collections and recovery
  • Knowledge of consumer-specific regulations
  • Familiarity with consumer collateral valuation methods
  • Ability to interpret consumer credit scores, roll-rates, vintage performance data, and familiarity with basic statistical concepts, such as sampling
  • Strong interpersonal skills to navigate the rebuttal process with business units while maintaining the independence of the Second Line
  • Required Education: Bachelor's degree in field relevant to role (or 4 additional years of relevant experience in lieu of a degree), advanced degree preferred.
Location:   Hillsboro, OR 97124 | Marlborough, MA 01752 | (HYBRID)
Target Compensation: $131k - $157k annually + Annual Bonus
Benefits options include: 
  • Traditional medical, dental, and vision coverage
  • Generous 401K match
  • Paid Time Off (PTO): You'll accrue up to 15 vacation days in your first year. In addition, you'll receive 40-hours of sick time, and three personal days, which will refresh annually
  • 11 paid federal holidays
  • Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)
What makes First Tech different? Click here to learn more! 
First Tech is not currently offering Visa transfer/ sponsorship for this position     
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