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Credit Risk Jobs in Red Bank, NJ (NOW HIRING)

Octane

Manager, Credit Risk Strategy

New York, NY · On-site

$110K - $150K/yr

We are seeking a highly analytical Credit Risk Strategy Manager to support our team. As a vital member of the team, you will establish and oversee credit strategies that align with our risk appetite ...

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All JobsCredit Risk JobsCredit Risk Jobs in Red Bank, NJ

Credit Risk information

See Red Bank, NJ salary details

$51.3K

$112.2K

$187.8K

How much do credit risk jobs pay per year?

As of Aug 19, 2026, the average yearly pay for credit risk in Red Bank, NJ is $112,182.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,000.00 and $145,700.00 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 Red Bank, NJ?

The most popular types of Credit Risk jobs in Red Bank, NJ are:

What are popular job titles related to Credit Risk jobs in Red Bank, NJ?

For Credit Risk jobs in Red Bank, NJ, the most frequently searched job titles are:

What job categories do people searching Credit Risk jobs in Red Bank, NJ look for?

The top searched job categories for Credit Risk jobs in Red Bank, NJ are:

What cities near Red Bank, NJ are hiring for Credit Risk jobs?

Cities near Red Bank, NJ with the most Credit Risk job openings:

Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Red Bank, NJ as of August 2026, with employment types broken down into 62% Full Time, and 38% Contract. Highlights an 100% In-person job distribution, with an average salary of $112,182 per year, or $53.9 per hour.

Manager, Credit Risk Strategy

Octane

New York, NY • On-site

$110K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 4 days ago

Job description

Octane is unlocking the power of financial products for merchants and consumers. Our cutting-edge technology and innovative financial products empower businesses with more control and flexibility, enabling them to deliver seamless digital experiences, drive customer loyalty, and build long-term value.
Octane supports merchants throughout the sales cycle: connecting dealerships with high-intent buyers, driving transparent, fast, and easy closings with award-winning technology, and providing on-going customer care with superior loan servicing.
Founded in 2014, Octane supports over 60 OEM partner brands and over 4,000 dealer partners, and has a team of over 600. Visit www.octane.co.
We are seeking a highly analytical Credit Risk Strategy Manager to support our team. As a vital member of the team, you will establish and oversee credit strategies that align with our risk appetite and provide strategic guidance for our powersports portfolio. You will analyze origination and loan performance data to develop optimal underwriting strategies that grow Octane's lending responsibly and enhance portfolio profitability. The ideal candidate is a problem solver with strong critical thinking abilities and exceptional communication skills to articulate ideas and thought processes clearly to external partners and senior management.
Responsibilities:
  • Perform advanced data analytics and advise on underwriting strategies for loan origination, loan amount assignment, and loan pricing to optimize profitability.
  • Work cross-functionally with Tech, Product, Sales, and Finance teams to implement new credit product initiatives and optimize existing credit strategies that further our mission of providing convenient point-of-sale financing to niche consumer products.
  • Take ownership of credit policy documentation and enhance policies and processes to mitigate credit risk exposure.
  • Design and monitor key KPIs to provide insights into the credit lifecycle.
  • Maintain quality control and validation to ensure risk processes are working as expected.
  • Collaborate with the portfolio risk team to track credit performance and take action to manage the portfolio within the organization's risk management appetite.
  • Develop business insights and communicate proposals to C-level audiences and external partners.

Requirements:
  • A Bachelor's degree in a quantitative field such as statistics, econometrics, decision sciences, or engineering (advanced degree preferred).
  • Strong understanding of consumer credit and lending lifecycle.
  • 4+ years of experience in performing credit analysis, including experience with data visualization tools such as Tableau/Power BI.
  • Exceptional hands-on experience with Python, SQL, and Excel.
  • Experience taking analyses from raw data to polished recommendations and communicating complex, technical findings to broad audiences.
  • Strong written and oral communication skills.

Compensation: In addition to salary, Total Rewards include a stock option package, and benefits as outlined below. The role described above offers a base salary of $110,000 to $150,000. Your offer will be based on location, the alignment of your qualifications with the requirements of the job and internal equity.
Benefits:
  • Robust Health Care Plans (Medical, Dental & Vision)
  • Generous Parental Leave
  • Flexible Time Off (FTO) Policy - Time Off When You Need It
  • Retirement Plan (401k) with company match!
  • Educational Assistance/Tuition Reimbursement up to $3K/year
  • Life Insurance (Basic, Voluntary & AD&D)
  • Short Term / Long Term Disability
  • Robust Ancillary benefits including accident insurance, hospital insurance, etc
  • Wellhub (Gympass) Wellness Benefit
  • Recreational Safety Benefit

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Octane Lending is an equal opportunity employer committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment.

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