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Credit Risk Jobs in Boston, MA (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 ...

Loomis Sayles

Credit Research Associate

Boston, MA · On-site

$70K - $100K/yr

Identify credit risk factors and have an understanding of financial markets * Develop skills in assessing relative valuation Qualifications & Education Requirements * Bachelor's degree with ...

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All JobsCredit Risk JobsCredit Risk Jobs in Boston, MA

Credit Risk information

See Boston, MA salary details

$54.5K

$119.1K

$199.4K

How much do credit risk jobs pay per year?

As of Jul 5, 2026, the average yearly pay for credit risk in Boston, MA is $119,105.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,700.00 and $154,700.00 per year, depending on experience, location, and employer.

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.
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

Manager, Credit Review

Careers at First Tech Federal Credit Union | Invest in You

Marlborough, MA • Hybrid

$131K - $157K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 21 days ago

Job description

This role provides independent oversight for the Credit Union's lending activities to ensure the individual credit decisions are consistent with established risk appetite and standards. This role delivers a rigorous "second line" review by leading a team of credit professionals responsible for challenging risk ratings, review and approve highly complex transactions and oversee the remediation and rehabilitation of problem credits. Through strong credit governance, disciplined portfolio surveillance, and an embedded culture of constructive challenge and collaboration, the role supports sustainable balance sheet growth while safeguarding asset quality and long-term credit performance.
Here's what you can expect from the job and what you need to be successful:
Job Duties
  • Lead the review and challenge process for new and modified credit programs, product launches, and initiatives across consumer and commercial lending.
  • Collaborate with the business lines to define "agreed boundaries" for credit programs.
  • Design and track Early Warning Indicators (EWI) dashboards to track credit performance against expectations.
  • Lead Periodic Performance Reviews to identify credit drift and mandate program recalibration if performance deviates from business case or steady-state performance trends.
  • Act as the second line "checks and balances" for the internal risk rating system, ensuring that first line of defense rating assignments accurately reflect the probability of default and are updated timely.
  • Provide independent oversight of the Special Assets/Workout unit, reviewing asset status and liquidation strategies.
  • Foster a high-performing culture for a team of risk analysts by providing mentorship and clear career pathways enabling the team to act as a credible, insightful partner to the first line of defense.
  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Essential Skills
  • 5+ years of relevant experience credit risk oversight, complex transactions and remediation
  • Minimum one-year experience as a people leader
  • Expert-level ability to analyze complex financial statements, cash flow structures, collateral valuation, and credit reports
  • Deep knowledge of the legal and operational aspects of collections, recovery, debt restructuring, and collateral liquidation
  • Familiarity with data visualization tools (e.g., Power BI or Tableau) and ability to oversee technical staff utilizing SQL, R, Python
  • Ability to maintain professional independence while collaborating with broader credit risk organization and the business
  • Ability to articulate complex credit risks and mitigation strategies clearly to the Chief Risk Officer and first line business partners
  • Required Education: Bachelor's degree in field relevant to role (or 4 additional years of relevant experience in lieu of a degree), advanced degree preferred.
Location: Hillsboro, OR 97124 | Marlborough, MA 01752 |(HYBRID)
Target Compensation: $131k - $157k + Annual Bonus
Benefits options include:
  • Traditional medical, dental, and vision coverage
  • Generous 401K match
  • Paid Time Off (PTO): You'll accrue up to 15 vacation days in your first year. In addition, you'll receive 40-hours of sick time, and three personal days, which will refresh annually
  • 11 paid federal holidays
  • Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)
What makes First Tech different? Clickhereto learn more!
First Tech is not currently offering Visa transfer/ sponsorship for this position
#LI-KW1
Employment Type: Full-Time

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