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Credit Risk Jobs in Boston, MA (NOW HIRING)

ICP Group

Credit & Collections Manager

Andover, MA · On-site

Personally manage key and high-risk customer accounts, conducting collection calls, sending ... Credit Management & Risk Assessment * Evaluate new customer credit applications and establish ...

ICP Group

Credit & Collections Manager

Andover, MA · On-site

Personally manage key and high-risk customer accounts, conducting collection calls, sending ... Credit Management & Risk Assessment * Evaluate new customer credit applications and establish ...

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Showing results 41-60

All JobsCredit Risk JobsCredit Risk Jobs in Boston, MA

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 Aug 17, 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 100% Full Time. Highlights an 95% In-person, and 5% Remote job distribution, with an average salary of $118,753 per year, or $57.1 per hour.

VP Senior Credit Manager

Winchester Savings Bank

Winchester, MA • On-site

$123K - $203K/yr

Full-time

Re-posted 12 days ago

Job description

SUMMARY DESCRIPTION

The VP, Senior Credit Manager, provides executive leadership over the Bank’s commercial credit risk function, ensuring a sound and well-managed loan portfolio consistent with the Bank’s risk appetite and regulatory requirements. The Senior Credit Manager partners closely with commercial lenders, senior leadership, and the Board to maintain high credit quality standards while supporting responsible loan growth in accordance with Bank’s strategic plan. This role ensures the quality and integrity of the commercial loan portfolio through sound credit decisions, disciplined risk management, and strict adherence to Bank lending policies and regulatory requirements.

ESSENTIAL JOB FUNCTIONS

Portfolio Management & Credit Oversight

  • Direct the overall administration and quality of the Bank’s commercial loan portfolio, including commercial real estate, construction, and commercial & industrial loans
  • Monitor the commercial loan portfolio on an ongoing basis for signs of deteriorating credit quality, covenant violations, risk rating changes, and past-due trends
  • Lead and oversee annual loan reviews and periodic credit file updates in accordance with Bank policy and regulatory expectations
  • Supervise, mentor, and develop credit analysts and junior lending staff and promote a culture of credit discipline and sound risk management throughout the lending team
  • Identify early warning indicators of credit deterioration and recommend proactive action plans, including loan modifications, additional collateral, or workout referrals
  • Provide quarterly board reporting, including Large Borrower Report, Legal Lending Limit, Exception Reports, and other portfolio trend reports as needed
  • Coordinate with others on problem credits, workouts, and charge-off recommendations as needed.
  • Serve as a primary point of contact for bank examiners and internal external auditors on credit-related matters
  • Maintain current knowledge of regulatory developments affecting credit risk management

Credit Analysis

  • Review, analyze, and underwrite commercial loan requests ensuring each credit is properly documented
  • Collaborate with business development officers to structure transactions and grow the portfolio prudently
  • Evaluate borrower financial statements, tax returns, cash flow projections, collateral valuations, and global debt service to determine creditworthiness
  • Prepare comprehensive credit approval memoranda (CAMs) with well-supported risk assessments and clear recommendations for approval, modification, or denial.
  • Ensure proposed loan structures align with credit risk, borrower needs, Bank policy, and applicable regulatory requirements.
  • Collaborate with commercial lenders and/or portfolio managers to resolve underwriting issues, clarify documentation deficiencies, and finalize credit presentations
  • Make recommendations to approve or decline credit requests; escalate credits exceeding authority to the Loan Review Committee or higher authority as needed

SPECIFIC SKILLS REQUIRED

  • Advanced financial statement analysis, including spreading and interpreting business and personal tax returns and financial statements.
  • Strong command of cash flow analysis methodologies and collateral valuation techniques.
  • Proficiency in commercial real estate underwriting including NOI analysis, cap rate assessment, rent rolls, and market comparables.
  • Working knowledge of C&I lending structures including revolving lines of credit, term loans, equipment financing, and borrowing base arrangements.
  • Familiarity with SBA loan programs, documentation requirements, and eligibility standards.
  • Experience with credit analysis and loan origination software preferred

EXPERIENCE & EDUCATION REQUIREMENTS

  • Minimum 10-15 years of progressive commercial banking experience, with significant credit analysis and portfolio management responsibilities
  • Bachelor’s degree in Finance, Accounting, Business Administration, Economics or a closely related field.
  • Demonstrated expertise in commercial real estate, construction, and C&I lending
  • Deep knowledge of credit risk principles, loan structuring, and financial statement analysis
  • Strong written and verbal communication skills

NOTICE

This list of duties is not intended to be all-inclusive and may be expanded to include other duties that may be deemed necessary by management from time to time. The Bank reserves the right to modify, interpret, or apply the job description in any way the company desires and that the job description is not a contract for employment. All employment is “at will”. Also, employee is expected to have knowledge of and adherence to Bank policies and procedures. The employee complies with state and federal regulations and specific BSA/AML related regulations and all information security related regulations.

Work Environment: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

EEOC Statement: WSB provides equal employment opportunity to all individuals regardless of their race, color, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.