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Credit Risk Jobs in Baltimore, MD (NOW HIRING)

Immersion Consulting, LLC

Intern

Annapolis, MD

$14.75 - $19.75/hr

Make use of quantitative procedures to analyze and give suggestions with regards to diverse business matters, such as optimization, customer segmentation, credit risk management, and customer ...

Immersion Consulting

Intern

Annapolis, MD · On-site

$14.75 - $19.75/hr

* Make use of quantitative procedures to analyze and give suggestions with regards to diverse business matters, such as optimization, customer segmentation, credit risk management, and customer ...

Horizon Farm Credit

IRC Analyst

Westminster, MD · On-site

$70K - $110K/yr

Overview Horizon Farm Credit is seeking an IRC Analyst to join our Risk team. Two positions available, qualified candidate may work in any available Horizon Farm Credit branch location. To view ...

Horizon Farm Credit

IRC Analyst

Westminster, MD · Hybrid

$70K - $110K/yr

Overview Horizon Farm Credit is seeking an IRC Analyst to join our Risk team. Two positions available, qualified candidate may work in any available Horizon Farm Credit branch location. To view ...

R E Michel CO

Regional Credit Manager

Glen Burnie, MD · On-site

Credit management functions to include: review new credit applications, assign credit limits and risk categories, analyze the credit worthiness and financial strength of new and existing customers ...

APGFCU

Product Manager - Lending

Edgewood, MD · On-site

$91K - $155K/yr

Partner with Risk and Compliance to ensure all lending products align with regulatory requirements and credit policy. * Coordinate with Data & Analytics to build reporting and dashboards for each ...

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All JobsCredit Risk JobsCredit Risk Jobs in Baltimore, MD

Credit Risk information

See Baltimore, MD salary details

$49.7K

$108.6K

$181.8K

How much do credit risk jobs pay per year?

As of Aug 7, 2026, the average yearly pay for credit risk in Baltimore, MD is $108,619.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,500.00 and $141,100.00 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 Baltimore, MD? The most popular types of Credit Risk jobs in Baltimore, MD are:
What are popular job titles related to Credit Risk jobs in Baltimore, MD? For Credit Risk jobs in Baltimore, MD, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in Baltimore, MD look for? The top searched job categories for Credit Risk jobs in Baltimore, MD are:
Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Baltimore, MD as of August 2026, with employment types broken down into 2% Internship, 86% Full Time, and 12% Part Time. Highlights an 93% In-person, 5% Hybrid, and 2% Remote job distribution, with an average salary of $108,619 per year, or $52.2 per hour.

Director, Counterparty Risk

T Rowe Price

Baltimore, MD

Full-time

Re-posted 28 days ago

T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

About this Position

The Director of Counterparty Risk role leads the Counterparty Risk team within Investment Risk at T. Rowe Price. The Investment Risk team, which is part of the firm's Enterprise Risk Group, consists of 43 associates located in the United Sates, United Kingdom, Luxembourg, and Singapore. Investment Risk is supported by a dedicated technology team of 32 engineers and business analysts in the US and UK. As of September 30, 2024, T. Rowe Price had ~$1.63T in assets under management.

Role Summary

The Director of Counterparty Risk reports to the Head of Investment Risk and has a seat on the Investment Risk lead team. The Counterparty Risk team plays an integral role in supporting Investment Risk's mission to identify, measure, monitor, communicate/escalate, and help mitigate risks impacting portfolios managed by T. Rowe Price.

The Counterparty Risk team's core responsibilities include:

  • Counterparty Credit Analysis and Due Diligence

    • Perform independent credit analysis and due diligence on new and existing bank and broker/dealer counterparties used for trade execution by the firm's Global Trading division

    • Through a combination of independent analysis, external research, and market data, assign internal counterparty credit ratings and develop recommendations on whether counterparties should be approved for trading on the firm's Global Trading platform

    • Prepare and present written counterparty reviews to support recommendations, and obtain formal approvals from relevant risk committees, as appropriate

  • Measurement of Counterparty Risk

    • Develop and maintain the methodology to calculate exposure to counterparties, including current net marked-to-market exposure, adjusted for collateral posted or received, as well as certain potential future exposures

    • Work with dedicated technology groups to implement the measurement methodology and to develop and modernize reporting to analyze and monitor counterparty risks

  • Monitoring and Escalation of Counterparty Risk

    • Conduct daily monitoring on the creditworthiness, reputational standing, and credit exposure to approved counterparties

    • Research the cause of exceedances to counterparty risk guidelines and escalate material concerns through predetermined paths

  • Mitigation of Counterparty Risk and Event Management

    • Liaise with business partners, including Legal and Middle Office, to mitigate risks through the negotiation of appropriate legal documentation with trading counterparties, including netting and collateral terms

    • Lead the firm's response to counterparty risk events

To be successful in this role, the Director of Counterparty Risk must demonstrate the following:

  • The ability to actively listen and thoroughly assess the needs of the business (both Global Trading and Investment Divisions) and lead the strategic vision for how to allocate available resources to deliver exceptional outcomes.

  • The influencing skills to guide both direct reports and business partners to a shared vision of the appropriate course of action and the ability to execute on it successfully.

  • The cultural awareness and sensitivity to successfully lead and/or collaborate with direct reports and business partners from a wide array of backgrounds.

  • The flexibility to adapt to T. Rowe Price's culture and its current and target state infrastructure; and

  • The drive to work through challenges and ensure goals are accomplished.

The Director of Counterparty Risk plays a critical role in leading T. Rowe Price's counterparty risk program to deliver independent risk oversight, ensure compliance with global regulatory requirements, and provide risk consulting services.

Responsibilities

Lead the Strategic Vision for the Counterparty Risk team:

  • Take ownership of the counterparty risk team's strategic vision and continue to refine it through time as the business evolves and priorities change

  • Engage with key stakeholders, including Global Trading leadership, to understand business needs

  • Effectively communicate the team's strategic vision to team members and business partners

Execute on core responsibilities of the Counterparty Risk team:

  • Lead a team of 5 dedicated counterparty risk professionals - three at the global headquarters in Baltimore and two at the international headquarters in London

  • Prioritize the team's workload, balancing team objectives versus business partner needs

  • Flex the team, as necessary, to adapt to changing business priorities

  • Provide ongoing feedback, coaching, and development to team members

Chair the Counterparty Risk Committee ("CRC"):

  • Lead the firm's CRC, which is tasked with providing strategic direction and corporate-wide oversight of the counterparty risk management efforts, as well as providing a forum for collaboration, communication, and counterparty risk escalation (business units represented on the CRC include Risk, Trading, Investments, Operations, Legal, and Compliance)

  • Collaborate with counterparty risk team and key business partners to develop monthly meeting agendas, prepare materials, and document outcomes through meeting minutes

  • Evaluate market events impacting trading counterparties and resulting exposures within T. Rowe Price managed portfolios. Exhibit sound commercial judgement in assessing materiality of events and deciding whether action or further escalation is required

Represent Counterparty Risk in Various Internal and External Forums

  • Clearly articulate the firm's robust counterparty risk management program in due diligence meetings with existing and prospective clients,

  • Actively participate in various Risk and Trading committees to ensure effective oversight of counterparty risks

  • Engage with peer firms and industry groups to understand and influence counterparty risk best practices

Prioritize Counterparty Risk's Technology Book of Work:

  • Work closely with a team of 3 dedicated technology resources to prioritize Tech work

  • Lead multi-year initiative to modernize the firm's counterparty risk platform

Qualifications

Required:

  • Bachelor's degree or the equivalent combination of education (business, finance, economics, or a quantitative field) and relevant experience AND

  • 10+ years of total relevant work experience (Financial industry, ideally with credit risk experience - buy-side or sell-side experience is acceptable)

  • Leadership experience on the buy-side or sell-side

  • Experience with a wide range of securities and derivatives

  • Thorough understanding of counterparty risk concepts, including due diligence, credit analysis, exposure calculation, legal trading agreements (e.g. ISDAs), and collateral management practices

  • Strong operational/analytical mindset and understanding of front, middle, and back-office trade lifecycle

  • Excellent communications skills, both verbal and written, with a demonstrated ability to explain complex concepts clearly and confidently to both technical and non-technical audiences

  • Strong interpersonal skills - an ability to have crucial conversations and demonstrated influencing skills

  • Strong organization, prioritization, and project management skills, and the ability to adapt quickly to changing business needs

  • A strong work ethic and attention to detail

  • Intellectual curiosity and a commitment to continuous learning

  • A listen first, speak second approach to engaging with others

Preferred:

  • Postgraduate degree in business, finance, economics, or a quantitative field

  • Completion of a relevant professional accreditation, such as the CFA, FRM, PRM, or CAIA

  • Experience leading teams with a global footprint

  • Experience analyzing financial statements of banks and broker-dealers to determine creditworthiness

  • Experience performing and overseeing due diligence on financial counterparties, including banks, broker/dealers, and clearinghouses

  • Experience with team collaboration tools like SharePoint

  • Familiarity with counterparty exposure modeling techniques (potential future exposure and expected future exposure)

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to two days per week from home.

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