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Director Credit Risk Jobs in Iowa (NOW HIRING)

Aegon

Head of Credit Risk

Cedar Rapids, IA

Own and develop credit risk elements of the enterprise risk framework to ensure alignment with ... Experience with private asset classes such as direct lending, mortgages, or structured finance

Kuvare

Director, Actuary (Pricing)

Cedar Rapids, IA · On-site

... Risk Management. The Actuarial team hopes to continue to develop Fellows in the Society of ... Develop crediting strategies, product and rider structures that balance consumer value and company ...

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Director Credit Risk information

See Iowa salary details

$79.4K

$146.8K

$283.2K

How much do director credit risk jobs pay per year?

As of May 30, 2026, the average yearly pay for director credit risk in Iowa is $146,821.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,200.00 and $176,600.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Director of Credit Risk, and why are they important?

To thrive as a Director of Credit Risk, you need deep expertise in credit analysis, risk management, and financial modeling, usually supported by a degree in finance, economics, or a related field. Familiarity with risk assessment software, credit scoring systems, and regulatory compliance tools, along with certifications like CFA or FRM, is highly valued. Strong leadership, strategic thinking, and communication skills help drive cross-functional collaboration and effective risk mitigation. These competencies are crucial for making informed credit decisions that protect the organization's financial health and comply with regulatory standards.

What are some common challenges faced by a Director of Credit Risk and how can they be addressed?

A Director of Credit Risk often faces challenges such as balancing risk appetite with business growth goals, staying ahead of evolving regulatory requirements, and managing credit exposures in volatile markets. To address these, it's essential to foster strong collaboration with business units, maintain robust credit risk frameworks, and leverage data analytics for proactive decision-making. Continuous professional development and close communication with compliance and audit teams also help ensure that credit policies remain effective and up-to-date.

What does a Director of Credit Risk do?

A Director of Credit Risk is responsible for overseeing an organization’s credit risk management strategies and policies. They analyze credit data, assess potential risks in lending or credit activities, and work to minimize losses related to bad debts. This role often involves leading a team, setting risk tolerance levels, and ensuring compliance with regulatory requirements. Directors of Credit Risk also collaborate with other departments to align risk management with the company's overall business objectives.

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

AspectDirector Credit RiskCredit Analyst
CredentialsBachelor's/Master's in Finance, Economics, or related; often requires experience in credit risk managementBachelor's degree in Finance, Economics, or related; entry-level to mid-level roles
Work EnvironmentStrategic, leadership-focused, overseeing credit risk policies and teamsAnalytical, research-focused, assessing individual credit applications and risk
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending companies, credit bureaus

The main difference is that a Director Credit Risk leads and develops credit risk strategies at a high level, while a Credit Analyst focuses on evaluating individual credit applications and assessing risk at a more operational level. The Director role involves strategic oversight, whereas the Credit Analyst role is more analytical and detail-oriented.

What are the most commonly searched types of Credit Risk jobs in Iowa? The most popular types of Credit Risk jobs in Iowa are:
What are popular job titles related to Director Credit Risk jobs in Iowa? For Director Credit Risk jobs in Iowa, the most frequently searched job titles are:
What job categories do people searching Director Credit Risk jobs in Iowa look for? The top searched job categories for Director Credit Risk jobs in Iowa are:
What cities in Iowa are hiring for Director Credit Risk jobs? Cities in Iowa with the most Director Credit Risk job openings:
Director Credit Risk jobs near you

Head of Credit Risk

Aegon

Cedar Rapids, IA

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Job description

Job Family

Financial Risk

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment - one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them.

We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good - for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.

Job Description Summary

This new role in Transamerica will provide functional leadership for credit risk management. This role will lead the establishment and enhancement of credit risk standards across new and existing asset classes, partnering closely with a growing first line investment organization and external asset managers. The Head of Credit Risk Management will help to build broader credit risk capability through cross training and influence across the organization.

Job Description

Hiring Requirements

Responsibilities

  • Own and develop credit risk elements of the enterprise risk framework to ensure alignment with organizational, regulatory, and market developments.
  • Establish and maintain concentration limits, asset class approval standards, watch list methodology, and portfolio analysis practices.
  • Monitor credit quality, including default and impairment trends, and provide early warning indicators to mitigate potential losses.
  • Collaborate with the chief investment office to evaluate new assets and thirdparty managers, and assess risk and return characteristics.
  • Conduct due diligence and provide challenge to investment sourcing activities to ensure adherence to the credit risk framework.
  • Train and upskill other members of the Risk Function with regard to Credit Risk.
  • Ensure new asset management arrangements meet operational risk requirements in partnership with nonfinancial risk teams.
  • Integrate with financial risk management to ensure comprehensive coverage of market and credit risks.
  • Partner with underwriting risk management to support integration of credit risk in product design and pricing.
  • Collaborate with finance teams to support reporting and analysis of investment results.
  • May support additional risk management responsibilities within the broader risk function.

Qualifications

  • Bachelor's degree in finance, economics, business, or related field
  • 12+ years of experience in private credit, investment management, or related financial services
  • Experience with portfolio management and credit structures across diverse investment strategies
  • Experience with private asset classes such as direct lending, mortgages, or structured finance
  • Familiarity with capital regimes in the United States and Bermuda with focus on investment risk
  • Proficient in financial modeling, data analysis, and portfolio management software
  • Forward thinker able to anticipate emerging risks and assess strategic impacts
  • Ability to tailor communications to various audiences
  • Analytical skills to frame complex problems and determine appropriate depth of analysis
  • Leadership skills to influence senior stakeholders and manage organizational relationships
  • Decisionmaking skills to integrate diverse perspectives
  • Integrity to uphold risk management principles
  • Ability to challenge conventional practices and drive continuous improvement
  • Strong planning, prioritizing, and goalsetting skills

Preferred Qualifications

Working Conditions

  • Hybrid Office Environment
  • Occasional Travel <10%
  • Occasional travel for internal and external meetings

Compensation

  • The Salary for this position generally ranges between$200,000 - $265,000 annually.Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors includingqualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
  • Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

  • Competitive Pay

  • Bonus for Eligible Employees

Benefits Package

  • Pension Plan

  • 401k Match

  • Employee Stock Purchase Plan

  • Tuition Reimbursement

  • Disability Insurance

  • Medical Insurance

  • Dental Insurance

  • Vision Insurance

  • Employee Discounts

  • Career Training & Development Opportunities

Health and Work/Life Balance Benefits

  • Paid Time Off starting at 160 hours annually for employees in their first year of service.

  • Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

  • Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

  • Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

  • Adoption Assistance

  • Employee Assistance Program

  • Back-Up Care Program

  • PTO for Volunteer Hours

  • Employee Matching Gifts Program

  • Employee Resource Groups

  • Inclusion and Diversity Programs

  • Employee Recognition Program

  • Referral Bonus Programs

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We're thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica's Parent Company

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.

* As of December 31, 2023

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