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Director Credit Risk Management Jobs in Springfield, MA

Swiss Re

Clinical Risk Manager

Windsor, CT · On-site

$84K - $140K/yr

A background in a Clinical Risk Management position is encouraged but will consider qualified ... You have an ability to prioritize well and work independently with little direct supervision, while ...

Swiss Re

Clinical Risk Manager

Windsor, CT · Hybrid

$84K - $140K/yr

A background in a Clinical Risk Management position is encouraged but will consider qualified ... You have an ability to prioritize well and work independently with little direct supervision, while ...

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All JobsCredit Risk Management JobsDirector Credit Risk Management JobsDirector Credit Risk Management Jobs in Springfield, MA

Director Credit Risk Management information

See Springfield, MA salary details

$53.8K

$142.7K

$259.1K

How much do director credit risk management jobs pay per year?

As of Aug 20, 2026, the average yearly pay for director credit risk management in Springfield, MA is $142,684.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,100.00 and $166,900.00 per year, depending on experience, location, and employer.

What does a director of credit risk management do?

A Director of Credit Risk Management oversees an organization’s credit risk policies, procedures, and strategies to minimize potential losses related to lending or credit activities. This role involves analyzing credit data, assessing financial risks, developing risk mitigation strategies, and ensuring compliance with regulatory standards. Directors also lead teams of risk analysts, collaborate with other departments, and report to executive leadership on credit risk exposure and performance. Their main goal is to balance business growth with sound risk management practices.

What are the key skills and qualifications needed to thrive as a director of credit risk management, and why are they important?

To thrive as a Director of Credit Risk Management, you need deep expertise in credit analysis, risk assessment, portfolio management, and typically a degree in finance, economics, or a related field. Proficiency with risk modeling software, credit scoring systems, and relevant regulatory frameworks (such as Basel III) is essential, along with certifications like FRM or CFA being advantageous. Strong leadership, strategic thinking, and effective communication skills help you guide teams and influence key stakeholders. These capabilities are crucial for making informed decisions that protect the organization's financial health and support sustainable growth.

What are common challenges faced by a director of credit risk management, and how are they typically addressed?

A Director of Credit Risk Management often faces the challenge of balancing the organization's growth objectives with prudent risk controls. This involves staying ahead of changing market conditions, regulatory requirements, and emerging risks such as economic downturns or shifts in customer behavior. Effective leaders in this role address these challenges by fostering close collaboration with cross-functional teams such as underwriting, analytics, and compliance, and by implementing robust risk assessment frameworks. They also play a key role in developing and mentoring their teams to stay adaptable and informed.

What is the difference between Director Credit Risk Management vs Credit Risk Analyst?

AspectDirector Credit Risk ManagementCredit Risk Analyst
Required CredentialsBachelor's degree, often advanced degrees, certifications like CFA or FRMBachelor's degree, certifications like CFA or FRM are common but less mandatory
Work EnvironmentStrategic leadership, overseeing teams, high-level decision makingData analysis, risk assessment, supporting senior staff
Employer & Industry UsageFinancial institutions, banks, large corporationsFinancial institutions, banks, credit agencies

The main difference between a Director Credit Risk Management and a Credit Risk Analyst lies in their scope and responsibilities. The director focuses on strategic oversight and leadership, while the analyst handles detailed risk assessments. Both roles require relevant certifications and are integral to credit risk management in financial institutions.

What are popular job titles related to Director Credit Risk Management jobs in Springfield, MA?

For Director Credit Risk Management jobs in Springfield, MA, the most frequently searched job titles are:

What job categories do people searching Director Credit Risk Management jobs in Springfield, MA look for?

The top searched job categories for Director Credit Risk Management jobs in Springfield, MA are:

What cities near Springfield, MA are hiring for Director Credit Risk Management jobs?

Cities near Springfield, MA with the most Director Credit Risk Management job openings:

Director Credit Risk Management jobs near you
Infographic showing various Director Credit Risk Management job openings in Springfield, MA as of June 2026, with employment types broken down into 1% Internship, 1% As Needed, 72% Full Time, 17% Part Time, 1% Temporary, and 8% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $142,684 per year, or $68.6 per hour.

Investment Actuary - Cigna Investment Management - Hybrid

Cigna

Bloomfield, CT • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted yesterday

Cigna Healthcare rating

8.3

Company rating: 8.3 out of 10

Based on 239 frontline employees who took The Breakroom Quiz

41st of 889 rated healthcare providers

Job description

Who we are
Cigna Investment Management (CIM) manages or oversees more than $35 billion in assets on behalf of The Cigna Group. CIM invests across public and private corporate bonds, commercial mortgages, private equity, private credit, real estate equity, public equity, and short-term investments.
What we are looking for:
The Investment Actuary helps manage The Cigna Group's U.S. insurance, international insurance, and pension portfolios. This role combines strategic leadership, technical expertise, and cross-functional partnerships to support portfolio management and investment decision-making. The ideal candidate has experience in insurance portfolio management or asset-liability management, strong analytical and problem-solving skills, and the ability to balance strategic thinking with attention to detail. Success in this role requires effective collaboration across business and investment teams.
Key Responsibilities
  • Manage assigned international and U.S. insurance portfolios, including portfolio strategy development and monitoring, liquidity management, credit, risk monitoring, purchase and sale implementation, and investment allocation.
  • Analyze portfolio strategy and risk management scenarios, incorporating regulatory requirements, liquidity considerations, counterparty exposure, and investment income objectives.
  • Evaluate derivative hedging strategies and prepare investment recommendations and strategy memoranda.
  • Monitor advancements in financial and investment modeling, risk measurement and analytics, while recommending practical applications to improve portfolio management for the project management team.
  • Partner with portfolio analysts to develop client reports, senior management presentations, and portfolio management materials.
  • Lead the investment allocation process for insurance portfolios, collaborating with asset teams on deal specifics, relative value assessments, and portfolio objectives.
  • Leverage AI tools and technologies to improve productivity, enhance analysis, automate routine processes, and drive more effective business outcomes.
  • Manage the quarterly Net Investment income review process in partnership with CIM finance.

Minimum Qualifications
  • BA/BS in a related subject
  • Required: FSA/ASA designation
  • Preferred: CFA, CPA, MBA, or other advanced financial designation
  • Minimum of 8 years of investment experience
  • Strong communication, interpersonal, and organizational skills, with demonstrated intellectual curiosity, accountability, adaptability, and a sense of urgency, flexibility, ownership, and organizational agility
  • Advanced understanding of pension and insurance investing concepts, including ALM, LDI, RBC, and regulatory requirements
  • Advanced understanding of investment accounting principles and their impact on portfolio management across multiple relevant accounting frameworks, such as insurance regulatory, U.S. GAAP, IFRS, and tax accounting
  • Ability to accommodate limited travel (up to 10%)
  • Flexibility to participate in calls after normal business hours with international customers
  • Position located at our corporate headquarters in Bloomfield, CT with a hybrid work arrangement (3 days in office)

If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
For this position, we anticipate offering an annual salary of 137,900 - 229,800 USD / yearly, depending on relevant factors, including experience and geographic location.
This role is also anticipated to be eligible to participate in an annual bonus plan.
At The Cigna Group, you'll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you'll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs. We also offer 401(k), company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year, paid holidays, and leaves of absence. For more details on our employee benefits programs, click here.
About The Cigna Group
Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we're dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.
Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
If you need a reasonable accommodation to complete the online application process, please email seeyourself@thecignagroup.com for assistance. Please note that this email inbox is dedicated to accommodation requests only and cannot provide application updates or accept resumes.
The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.

What Cigna Healthcare employees say

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About Cigna

Sourced by ZipRecruiter

Cigna Corporation exists to improve lives. We are a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Together, with colleagues around the world, we aspire to transform health services, making them more affordable and accessible to millions. Through our unmatched expertise, bold action, fresh ideas and an unwavering commitment to patient-centered care, we are a force of health services innovation. When you work with us, or one of our subsidiaries, you'll enjoy meaningful career experiences that enrich people's lives.

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Bloomfield, CT, US

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