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Credit Risk Jobs in Massachusetts (NOW HIRING)

MutualOne Bank

Credit Analyst II

Framingham, MA

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 ...

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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 Jun 13, 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 is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills within financial institutions or large corporations.

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 salary of Credit Risk Analyst?

The average salary for a Credit Risk Analyst at JP Morgan typically ranges from $70,000 to $100,000 annually, depending on experience, location, and education. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn higher compensation, often supplemented with bonuses and benefits.

Will a credit analyst be replaced by AI?

Credit analysts evaluate financial data and assess credit risk, a role that involves complex judgment and interpretation. While AI tools can automate data analysis and streamline processes, human expertise remains essential for nuanced decision-making and understanding context, making full replacement unlikely in the near term.

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 is credit risk as a job?

A credit risk professional assesses the likelihood that borrowers will default on their loans or credit obligations. They analyze financial data, credit reports, and economic factors to help organizations manage potential losses and make informed lending decisions, often using risk modeling tools and adhering to regulatory standards.
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 June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $119,385 per year, or $57.4 per hour.
Credit Process and Analytics Analyst

Credit Process and Analytics Analyst

Massachusetts Mutual Life Insurance Company (MassMutual)

Boston, MA • On-site

$104K - $137K/yr

Full-time

Posted 8 days ago

MassMutual rating

8.1

Company rating: 8.1 out of 10

Based on 33 frontline employees who took The Breakroom Quiz

133rd of 261 rated insurance

Job description

Credit Process and Analytics Analyst
Enterprise Risk Management Team
Full-Time
Boston, MA, Springfield, MA or New York, NY
The Opportunity
As a Credit Process and Analytics Analyst, you'll support the credit risk analytics and allowance workflow supporting the firm's Allowance for Credit Losses (ACL) across CECL and Available-for-Sale (AFS) portfolios. In partnership with the Head of CECL Credit Analytics, you'll work on the end-to-end credit risk component of the allowance lifecycle-from model execution through portfolio assessment and qualitative adjustments-ensuring outputs are accurate, well-documented, and aligned to accounting and model governance standards. You'll partner closely with Finance and Accounting to deliver clear, timely credit insights that support enterprise allowance reporting in a matrixed environment.
The Team
You'll join Credit & Investment Risk Management (CIRM), partnering with portfolio management, fundamental credit analysis, Finance/Controllership, Model Risk Management, and data/technology teams. The team combines quantitative modeling expertise with credit judgment to explain allowance movements, identify emerging risks, and support high-quality financial reporting. The culture is analytical, collaborative, and focused on strong governance and documentation.
The Impact
In this role, you'll support the execution of credit risk analytics and allowance activities, working closely with senior team members and cross-functional partners to deliver accurate, well-documented outputs that support financial reporting.
Credit Risk Analytics & Allowance Execution
  • Execute monthly and quarterly credit loss models for CECL and AFS portfolios, and analyze model outputs, key assumptions, and drivers of change.
  • Support sensitivity analysis, stress testing, and portfolio reviews to assess the impact of economic conditions and emerging credit risks.

Qualitative Adjustments & Portfolio Review
  • Assist in developing and documenting credit-driven qualitative adjustments to address model limitations and portfolio-specific risks.
  • Partner with portfolio managers and credit analysts to incorporate credit migration trends, sector developments, and fundamental risk insights.
  • Perform AFS security reviews to support credit impairment assessments.

Cross-Functional Partnership & Governance
  • Support Finance, Accounting, and Model Risk Management with accurate credit analytics, documentation, and materials for financial reporting and model validation.
  • Maintain clear documentation of processes, assumptions, and methodologies, and assist with internal and external audit requests.

Minimum Qualifications
  • Bachelor's degree in Actuarial Science, Quantitative Finance, Financial Engineering, Computer Science, Mathematics, Physics, Engineering, or similar quantitative discipline
  • 3+ years of experience in credit risk management, credit analytics, or quantitative risk modeling within the financial services industry.
  • 3+ years of experience working with credit risk fundamentals, portfolio credit quality metrics (PD, LGD, EAD), CECL (ASC 326), or AFS impairment standards.
  • 3+ years of experience analyzing large datasets, interpreting complex model outputs, and synthesizing findings into clear, credit-focused narratives.

Ideal Qualifications
  • 7+ years of quantitative risk analytics experience.
  • Master's or PhD in a quantitative discipline
  • Experience with public/private credit, structured products, and derivatives.
  • Familiarity with Moody's analytics tools and controlled processes.
  • Experience automating analytics and reporting workflows.
  • Excellent ability to explain highly technical credit and modeling concepts to non-technical stakeholders, particularly in Finance and Accounting.
  • Demonstrated ability to apply AI-assisted tools to improve efficiency, deepen analysis, or generate new insights, with sound judgment

MassMutual offers the opportunity to do meaningful work within a purpose-driven organization that values long-term impact over short-term outcomes. In this role, you can expect:
  • Clear areas of ownership and accountability, with work that connects directly to company and customer outcomes
  • A collaborative environment where perspectives are welcomed
  • Access to learning, development, and internal networks that support continuous growth and skill-building over time
  • Employee-led communities and forums that foster connection, learning, and inclusion across the organization
  • A culture grounded in integrity, responsibility, and stewardship-supported by a company with a strong legacy and a future-focused mindset

#LI-FT1
Salary Range:
$104,900-$137,700
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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