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Credit Risk Jobs in New Jersey (NOW HIRING)

The Whiteside Agency

Credit Analyst

Morristown, NJ

$99K - $163K/yr

Within the Business Insurance Credit Risk Management team at Travelers, credit analysts play a critical role in managing the credit risk exposure created by loss sensitive insurance programs. As a ...

New

The Whiteside Agency

Credit Analyst

Edison, NJ

$99K - $163K/yr

Within the Business Insurance Credit Risk Management team at Travelers, credit analysts play a critical role in managing the credit risk exposure created by loss sensitive insurance programs. As a ...

New

Chase

Credit Review, Vice President

Jersey City, NJ · On-site

In between periodic reviews, you will independently monitor credit risk trends within assigned commercial lending portfolios, attend relevant meetings, and foster and maintain relationships with ...

Holman, Inc.

Credit Portfolio Manager

Mount Laurel, NJ · On-site

Support with development and oversee implementation of credit risk management strategies and policies. Identify and analyze trends and patterns related to credit risk and provide recommendations to ...

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Showing results 21-40

All JobsCredit Risk JobsCredit Risk Jobs in New Jersey

Credit Risk information

See New Jersey salary details

$50.8K

$111K

$185.8K

How much do credit risk jobs pay per year?

As of Aug 9, 2026, the average yearly pay for credit risk in New Jersey is $110,980.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,100.00 and $144,200.00 per year, depending on experience, location, and employer.

What is the average salary of a credit risk analyst?

The average salary of a credit risk analyst typically ranges from $60,000 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 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.

How to start a career in credit risk?

To start a career in credit risk, obtain a bachelor's degree in finance, economics, or a related field, and develop strong analytical and quantitative skills. Gaining experience through internships or entry-level roles in banking, finance, or risk management helps build relevant expertise, and earning certifications like the Financial Risk Manager (FRM) can enhance job prospects.
What are the most commonly searched types of Credit Risk jobs in New Jersey? The most popular types of Credit Risk jobs in New Jersey are:
What are popular job titles related to Credit Risk jobs in New Jersey? For Credit Risk jobs in New Jersey, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in New Jersey look for? The top searched job categories for Credit Risk jobs in New Jersey are:
What cities in New Jersey are hiring for Credit Risk jobs? Cities in New Jersey with the most Credit Risk job openings:
Credit Risk jobs near you
Infographic showing various Credit Risk job openings in New Jersey as of August 2026, with employment types broken down into 89% Full Time, and 11% Contract. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $110,980 per year, or $53.4 per hour.

SVP, Chief Credit Risk Officer

Cross River

Fort Lee, NJ • On-site

Full-time

Medical, Retirement

Re-posted 28 days ago

Job description

Who We Are
Cross River builds the infrastructure behind the world's most innovative financial products. Our technology and capital solutions power payments, cards, lending, and digital asset capabilities that move money safely, instantly, and inclusively - trusted by leading fintechs, enterprises, and disruptors across the globe.
Our mission is simple: to build the financial infrastructure that expands access and opportunity for all. Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker's Best Places to Work in Fintech year after year. Whether you're designing code, solving regulatory puzzles, or developing strategy, you'll join a team where innovation and integrity drive everything we do - and where your work helps shape the future of finance.
What We're Looking For
Cross River is seeking a seasoned and strategic Chief Credit Risk Officer to lead and oversee all aspects of credit risk management across the Bank including Fintech Banking, Commercial Banking, and Principal Finance Group. Reporting to the Chief Risk and Compliance Officer, this leader will be responsible for enhancing and maintaining the credit risk framework, setting risk appetite, and ensuring sound credit decision-making as we scale our lending products and partnerships.
Responsibilities:
Strategic Leadership
  • Define and execute the enterprise-wide credit risk strategy aligned with the bank's growth objectives and regulatory requirements
  • Enhance and maintain the credit risk appetite framework, policies, and governance structure
  • Advise the Chief Risk and Compliance Officer, senior leadership, and the Board on credit risk matters
  • Chair or co-chair the Management Credit Committee, Allowance Committee and participate in relevant Board committees

Credit Risk Management
  • Oversee underwriting standards, credit policies, and portfolio management across all lending verticals (e.g., payments, marketplace lending, BaaS partnerships, commercial lending (CRE, SBA, C&I), and structured finance)
  • Provide oversight for CECL, and market to market valuation reserve including reviewing model assumptions and outputs, need for overlay thereby ensuring adequate reserves
  • Establish, enhance, and maintain concentration limits, stress testing frameworks, and early warning systems
  • Provide effective challenge through review of Commercial Banking (CRE, C&I, and SBA), and Structured Finance transactions
  • Oversee settlement risk by determining limits, and reserves posed by Payment products including ACH, Acquiring, and other payment funding models
  • Lead portfolio analytics and reporting, including identifying, trends and potential areas of concern in the portfolio through single name analysis, pool level portfolio analysis, vintage analysis, and risk-adjusted return metrics

Technology & Innovation
  • Partner with technology, operations, and product teams to embed credit risk controls into automated lending platforms and APIs
  • Leverage Agentic AI technology to streamline and enhance credit processes to increase productivity and scalability
  • Ensure best in class risk identification tools which may include vendor developed, internally developed, AI/ML are developed to enhance credit processes

Regulatory & Compliance
  • Ensure compliance with all applicable regulations (OCC, FDIC, Federal Reserve, state banking laws, fair lending, etc.)
  • Support relationships with regulators and lead credit risk-related examinations and audits
  • Oversee model risk management (MRM) in accordance with SR 26-2/11-7 guidance
  • Collaborate closely with the compliance function under the Chief Risk and Compliance Officer to ensure alignment of credit and compliance objectives

Team Development
  • Build, mentor, and lead a high-performing credit risk organization
  • Foster a culture of data-driven decision-making, accountability, and continuous learning
  • Attract top talent across credit analytics, portfolio management, and risk operations

Reporting Structure:
  • Reports to: Chief Risk and Compliance Officer
  • Direct Reports: Credit Risk team leads, Portfolio Managers, Senior Credit Analysts

Qualifications:
Required
  • 15+ years of progressive experience in credit risk management within banking, fintech, or financial services
  • Deep expertise in consumer and/or commercial credit underwriting, portfolio management, and loss mitigation
  • Strong understanding of regulatory frameworks governing bank lending and risk management
  • Experience with models, and model related processes
  • Experience with CECL/Allowance processes
  • Experience with regulators (OCC/FDIC/Fed), and External Auditors/Rating Agencies
  • Proven leadership with strong communication skills across all levels of the organization
  • Bachelor's degree in Finance, Economics, Mathematics, or related field

Preferred
  • Advanced degree (MBA, Master's, or PhD) in a quantitative or business discipline
  • Prior experience at a fintech bank, digital lender, or BaaS (Banking-as-a-Service) provider
  • Familiarity with marketplace/partner lending models and embedded finance
  • Experience navigating rapid growth environments while maintaining sound risk controls
  • Professional certifications (FRM, PRM, CFA) are a plus

Competencies:
Competency
Description
Strategic Thinking
Ability to balance growth ambitions with prudent risk management
Data-Driven Leadership
Comfort with advanced analytics, AI/ML, and technology-enabled risk solutions
Regulatory Acumen
Deep understanding of the evolving regulatory landscape for fintech banks
Stakeholder Management
Effective communicator across Board, regulators, partners, and internal teams
Adaptability
Thrives in fast-paced, innovative environments with evolving product lines
What We Offer:
  • Competitive compensation package (base + bonus + equity)
  • Opportunity to shape credit risk strategy at the intersection of banking and technology
  • Collaborative, innovation-driven culture
  • Comprehensive benefits including health, retirement, and professional development

#LI-JJ1 #LI-Hybrid #LI-Onsite
Salary Range: $280,000.00 - $350,000.00
Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.

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