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Credit Risk Jobs in Boston, MA (NOW HIRING)

Berkshire Bank

Credit Risk Analyst II

Boston, MA · On-site

$55K - $102K/yr

Credit Risk Management Department: Strategic Services Reports to: Credit Risk Manager: Reporting and Analytics Status: Exempt Grade: 10 Salary Range: $55,588 - $102,474 Actual compensation within the ...

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Stifel

Venture Banking Credit Risk Officer

Boston, MA · On-site

What You'll Be Doing The Venture Banking Credit Risk Officer is responsible for the overall application and effectiveness of the Bank's credit policy and procedures. This position will work directly ...

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Credit Risk information

See Boston, MA salary details

$54.3K

$118.8K

$198.8K

How much do credit risk jobs pay per year?

As of Sep 6, 2026, the average yearly pay for credit risk in Boston, MA is $118,753.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,500.00 and $154,300.00 per year, depending on experience, location, and employer.

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 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 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 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.

Do you need a degree to be a credit risk analyst?

A degree is often preferred for credit risk analyst positions, with many employers seeking candidates with a bachelor's degree in finance, economics, or related fields. However, some roles may accept relevant work experience or certifications like the Financial Risk Manager (FRM) in lieu of a degree. Strong analytical skills and knowledge of credit analysis tools are also important for this role.

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 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 per year, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.

What are the most commonly searched types of Credit Risk jobs in Boston, MA?

The most popular types of Credit Risk jobs in Boston, MA are:

What are popular job titles related to Credit Risk jobs in Boston, MA?

For Credit Risk jobs in Boston, MA, the most frequently searched job titles are:

What job categories do people searching Credit Risk jobs in Boston, MA look for?

The top searched job categories for Credit Risk jobs in Boston, MA are:

Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Boston, MA as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 9% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $118,753 per year, or $57.1 per hour.

Credit Risk Analyst II

Berkshire Bank

Boston, MA • On-site

$55K - $102K/yr

Full-time

Posted 2 days ago

New

Berkshire Bank rating

6.7

Company rating: 6.7 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

138th of 175 rated banks

Job description

Officer: Officer
Division: Credit Risk Management
Department: Strategic Services
Reports to: Credit Risk Manager: Reporting and Analytics
Status: Exempt
Grade: 10
Salary Range: $55,588 - $102,474
Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Boston, MA or Albany, NY
Principal Objective
This position plays a pivotal role in the execution of Beacon Bank & Trust's credit risk monitoring, analysis, and reporting programs. A Credit Risk Analyst II in the Reporting and Analytics group will be hands-on in supporting and enhancing the Bank's credit risk management and reporting capabilities. This role will leverage the analyst's proficiency in data, systems, and reporting tools combined with their practical knowledge of credit risk management principles.
A successful analyst will be a solution driven, intellectually curious self-starter who is proficient in accomplishing concurrent objectives. This individual should possess analytical skills, while consistently demonstrating a high degree of flexibility, teamwork, efficiency, and commitment to excellence and continuous improvement. This position necessitates attention to detail and effective communication skills to all levels of management.
Key Accountabilities:
  • Utilizes analytical tools such as Excel, Python, R, and/or SQL to execute and maintain reporting that provides key stakeholders timely and actionable insights on the credit risk in the portfolio.
  • Executes established reporting procedures and analytics activities on schedule.
  • Ability to provide underlying data and analytical support for key portfolio monitoring programs.
  • Ability to assist senior staff in preparation of custom reporting on short timelines.
  • Works collaboratively with other teams in Credit Risk Analytics and throughout the bank (e.g., Finance, Commercial Lending, Enterprise Analytics, etc.) as they relate to the Bank's credit risk data.
  • Ability to work with senior analysts to identify, research, and resolve any inconsistencies in the Bank's data to support the Bank's Data Governance Program in maintaining a high data quality standard, including working with servicing to process any updates.
  • Develops an active knowledge of the Bank's portfolio and credit metrics to identify outliers in data, reports, etc.
  • Develops an understanding of SOX and audit requirements around reporting that is used by the Bank to make key decisions and for inclusion in the Bank's financial reporting.
  • Assists with new employee onboarding and training.
  • Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one's duties.

Education:
  • Bachelor's degree required. Master's preferred.

Experience:
  • 2+ years of financial analysis or related reporting work at a financial institution; preferably with experience in Credit Risk Management, Credit Administration, Lending, Loan Review, Loan Operations, or other relevant experience.

Skills & Knowledge:
  • Strong Excel skills with proficiency in standard Microsoft Office products.
  • Working knowledge of Power BI, Python, R, and/or SQL.
  • Strong analytical skills, with attention to detail and accuracy.
  • Excellent communication and interpersonal skills, both written and verbal.
  • Understanding of Credit Risk Fundamentals
  • Experience working with regulators and/or external auditors is a plus.
  • Familiarity with FIS loan accounting system is a plus.
  • Certifications such as Risk Management Associate (RMA), Credit Risk Certification (CRC), Certified Internal Auditor (CIA), Project Management Professional (PMP), Financial Risk Manager (FRM), or similar relevant certification(s) a plus

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.

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