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Credit Risk Jobs in New York (NOW HIRING)

ING Group

Director, Credit Risk Review

New York, NY · On-site

$216K - $273K/yr

Risk Management | Credit Risk Review | Director, Credit Risk Review | New York About ING : In Americas, ING's Wholesale Banking division offers a broad range of innovative financial products and ...

Reach Financial

Credit Risk Analyst

New York, NY

Credit Risk Analyst/Associate Location: NYC (3-4 days in office; EST hours) Compensation: $90,000 - $110,000 (depending on experience level) + bonus What is Reach Financial? Reach Financial is a ...

IDBNY

Credit Risk Analytics & Modeling

Manhattan, NY · On-site

Risk Management / Credit Risk Management Location: New York, NY (Hybrid - 3 days in office) Employment Type: Full-time Reports to: Head of Credit Risk Analytics & Modeling Visa Sponsorship: Not ...

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Showing results 1-20

All JobsCredit Risk JobsCredit Risk Jobs in New York

Credit Risk information

See New York salary details

$54.7K

$119.6K

$200.2K

How much do credit risk jobs pay per year?

As of Jun 13, 2026, the average yearly pay for credit risk in New York is $119,593.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,100.00 and $155,400.00 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 New York? The most popular types of Credit Risk jobs in New York are:
What are popular job titles related to Credit Risk jobs in New York? For Credit Risk jobs in New York, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in New York look for? The top searched job categories for Credit Risk jobs in New York are:
What cities in New York are hiring for Credit Risk jobs? Cities in New York with the most Credit Risk job openings:
Credit Risk jobs near you
Infographic showing various Credit Risk job openings in New York as of June 2026, with employment types broken down into 1% As Needed, 81% Full Time, 12% Part Time, 4% Temporary, and 2% Contract. Highlights an 93% Physical, 1% Hybrid, and 6% Remote job distribution, with an average salary of $119,593 per year, or $57.5 per hour.
Deputy Director, Credit Risk

Deputy Director, Credit Risk

New York City Housing Development Corporation

Manhattan, NY

$140K - $150K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 4 days ago

Job description

The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency.  HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.  
 
Area of Talent:  Credit Risk/Affordable Housing
Position Type:   Full Time/Exempt
Salary Range:    $140,000 to $150,000
Location:             NYC/Financial District
 
Position Summary:                   
The Deputy Director, Credit Risk, will support the Chief Risk Officer and Credit Risk team in evaluating and managing credit risk to protect HDC's financial integrity.
 
This role reports to the Chief Risk Officer.
 
Responsibilities:
  • Assist in developing and reviewing credit risk management policies and procedures that will protect HDC’s interests and maintain the financial integrity of financing
  • Conduct risk assessments of various types of credit risk faced by HDC
  • Administer HDC’s Credit Committee, including the scheduling of meetings, posting of Credit Committee memos, reviewing all credit proposals, and liaising with the Development team to move the project pipeline through the credit approval process
  • Finalize credit memos by ensuring they are complete, current and signed
  • Collaborate with internal and external teams on credit initiatives (such as loan funds, credit facilities, and other underwriting-related issues)
  • Assess and monitor credit quality across HDC in alignment with HDC’s credit policies and report the results of these assessments to the Credit Committee and Audit Committee (as needed)
  • Review and approve financial counterparties
  • Review insurance companies for compliance with HDC’s credit requirements
  • Mentor and provide leadership, expertise, and guidance to junior members of the team
  • Remain current on credit, financial, accounting, and tax changes related to real estate and affordable housing development that may impact HDC and its financings
Required Qualifications:
  • Bachelor’s degree in finance, economics, or urban studies, or a satisfactory combination of education and/or experience that is equivalent to the above
  • Minimum experience of seven years in credit analysis, real estate finance, or affordable housing development
  • Proficiency with computer programs for financial analyses and database management
  • Excellent oral and written communication skills
 
Preferred Qualifications
  • Advanced degree in finance, economics, or urban studies, or equivalent experience
  • Familiarity with Federal, State, and City housing programs
  • Credit training at a financial institution
 
Please submit a cover letter with your resume. You may also fax your resume and cover letter to (212) 227-6816. 
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:  
  • Health Benefits at a reasonable cost 
  • Dental and Vision Benefits at no cost 
  • Retirement savings plan with a generous match and a pension plan 
  • Paid holiday, vacation, sick time and parental leave 
  • Professional development opportunities  
  • Public Service Loan Forgiveness for eligible employees  
  • Wellness reimbursement  
  • Back-up Caregiver Benefit  
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing jobs@NYCHDC.com. 
 

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