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Credit Risk Jobs in Honolulu, HI (NOW HIRING)

First Hawaiian, Inc.

Credit Underwriter I

Honolulu, HI · On-site

$62K - $72K/yr

The underwriting includes the assessment of credit, structural, business and financial risk of the borrower. The analysis will include spreading financial statements and preparation of cash flow to ...

First Hawaiian, Inc.

Credit Underwriter I

Honolulu, HI · On-site

$62K - $72K/yr

The underwriting includes the assessment of credit, structural, business and financial risk of the borrower. The analysis will include spreading financial statements and preparation of cash flow to ...

Bank of Hawaii

Manager Audit

Honolulu, HI · On-site

$96K - $168K/yr

Leads audits using a risk-based approach, ensuring all phases-from planning to issue management-are executed effectively. Acts as the Internal Audit (IA) subject matter expert on credit-related ...

Bank of Hawaii

Manager Audit

Honolulu, HI

$102K - $134K/yr

Minimum 6 to 8 years of audit experience in financial services or with a regulatory agency; and demonstrated expertise in credit risk management including commercial and/or retail lending, credit ...

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Credit Risk information

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$49.4K

$108K

$180.7K

How much do credit risk jobs pay per year?

As of Aug 29, 2026, the average yearly pay for credit risk in Honolulu, HI is $107,960.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,100.00 and $140,200.00 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 Honolulu, HI?

The most popular types of Credit Risk jobs in Honolulu, HI are:

What are popular job titles related to Credit Risk jobs in Honolulu, HI?

For Credit Risk jobs in Honolulu, HI, the most frequently searched job titles are:

What job categories do people searching Credit Risk jobs in Honolulu, HI look for?

The top searched job categories for Credit Risk jobs in Honolulu, HI are:

Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Honolulu, HI as of August 2026, with employment types broken down into 87% Full Time, and 13% Part Time. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $107,994 per year, or $51.9 per hour.

ACL & Credit Portfolio Officer

Honolulu, HI • On-site

Central Pacific Bank
Commercial Banking • 501 - 1,000 employees

7.2

Company rating: 7.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

116th of 172 rated banks

Great coworkers

Good employer

Respectful managers

Learn more about Central Pacific Bankexternal

Full-time

Re-posted 5 days ago

Job description

Position Function:

Primarily responsible for leading activities in credit loss forecasting and allowance for credit losses (ACL), analyzing/reporting portfolio performance, monitoring for emerging credit risk, and synthesizing/incorporating market and economic trends. This includes periodically analyzing delinquency, nonaccrual, and charge-off data against current ACL coverage ratios for adequacy determination; assessing changes in loan portfolio risk characteristics; continuously enhancing evaluation metrics for the loan portfolio; and preparing well-supported documentation on risk component calculations and analyses, including performing timely, accurate and robust control testing procedures. Ensuring the accuracy, efficiency, and transparency of credit loss reserves while enhancing data-driven reporting and decision-making.

This role works closely with finance, credit, risk, and technology teams to enhance and streamline reserve methodologies, improve reporting processes, and drive automation initiatives.

Performs all duties and interacts with internal and external customers in a manner that is expressly aligned with the Company's Core Values of approaching all actions with a “Voyaging Spirit” and being “Positively Ohana”. Exhibits core competencies that result in consistent delivery of positive Customer Interactions, Empowerment and Ownership and demonstrates key professional and performance skills such as Active Listening, effective Oral and Written Communication, Action and Solution Oriented and Thoroughness.

Primary Accountabilities:

  • Execute CECL models on a recurring basis, including data preparation, model runs, validation checks, and reconciliation to source systems. Calculate and analyze credit risk reserves across diverse loan portfolios, ensuring alignment with accounting standards. Develop and maintain reserve forecasting models, stress-testing frameworks, and scenario analyses.
  • Identify key drivers of reserve changes, trends in portfolio performance, and emerging credit risks.
  • Utilize various data tools to perform risk, financial and data analyses including profiling, sampling, forecasting and due diligence.
  • Work collaboratively with other team members to create monthly and quarterly loan reporting; identify, investigate, and work to resolve issues relative to integrity of data extracts.
  • Continuously enhancing evaluation metrics and reporting tools for the loan portfolio.
  • Prepare credit risk management reports/presentations for senior management that include analytics on asset quality, concentration and diversification, expected portfolio performance and areas of potential risk and/or opportunity.
  • Assist Management and lending units in identifying, assessing, and mitigating risks.
  • Prepare well-supported documentation on forecast methodology and assumption decisions.
  • Assists with the review and update of the ACL Committee charter, policies & procedures.
  • Ensure that the bank is in compliance with regulatory risk management requirements and directives.
  • Performs accurately and timely SOX controls and periodic testing.
  • Work closely with Enterprise Risk Management to ensure adherence to all policy requirements.
  • Support continuous improvement and other initiatives.

Minimum Qualifications:

Education:

  • Bachelor’s Degree from an accredited 4-year university, preferably in Accounting, Finance, Economics, Statistics, Mathematics, or a related field required.

Experience:

  • 5+ years of banking experience, with a preference in credit risk, forecasting, accounting, and/or loan portfolio reporting required

Physical Requirements & Working Conditions:

  • Must be able to perform light physical work and to move or lift items including but not limited to boxes, files and papers up to 20 pounds unless otherwise as indicated.
  • Must be able to operate and proficiently use standard office equipment, including phone, copier, personal computer and/or other work related mechanical or electronic devices and applications.
  • Must be able to clearly communicate verbally and in writing with all internal and external customers. Must also be able to hear sufficiently to engage in daily discussions and interactions.
  • Must be able to read and understand bank-related documents.
  • Must be able to work in a conventional office setting, involving sitting at a desk or workstation for long periods of time. Must also be able to adapt to different work environments as needed to perform the job.


We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

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