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Director Credit Risk Jobs in Iowa (NOW HIRING)

Midwest Heritage

Market President

Chariton, IA · On-site

... the risk of the overall office, including commercial and business credit portfolio. Core ... agents doing direct business with Midwest Heritage Confidentiality: This position has the ...

Midwest Heritage

IA · On-site

... risk. * Establish and negotiate where necessary the terms under which credit will be extended ... related experience (direct mortgage lending experience strongly preferred). Will consider ...

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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 31, 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
Ag/Commercial Loan Officer - 1042

Ag/Commercial Loan Officer - 1042

Midstates Bank

Missouri Valley, IA • On-site

Full-time

Posted 27 days ago

Job description

Job Purpose:
This position will develop and manage agriculture and commercial loan client relationships that meet established lending requirements and provide maximum profitability to the bank at minimum risk. Duties will be performed in accordance with Midstates Bank's core values and service standards.
Essential Functions:
  • Develops and implements a strategy for identifying and calling on new prospective clients. Utilize our 360 CRM program to track calls and activities.
  • Develops new business by contacting prospects and customers, cross-sells bank services.
  • Interviews loan applicants and collects and analyzes financial and related data to determine the general creditworthiness of the prospect and the merits of the specific loan request.
  • Establishes, and negotiates where necessary, terms under which credit will be extended, including the cost, repayment method/schedule, and collateral requirements.
  • Assist analyst in gathering and analyzing prospective and current customers' historical and projected financial information on Moody's software.
  • Have a full understanding of the Loan Policy. Assist analyst in preparing credit memorandums that accurately describe the credit needs, background, historical performance, and projections for prospective and current clients.
  • Obtain information through direct inspection of the applicant's business and/or collateral, review of interim financial reports, personal interview, and other means.
  • Monitors loan repayment activities and takes necessary action to collect from past-due accounts.
  • Advises customers, where possible, concerning business management and financial matters.
  • Serves as a member of the officer loan committee which makes preliminary evaluations of loan requests.
  • Develops material for and makes loan presentations to the executive committee as required.
  • Participate in civic activities to promote growth and development of the community and a positive image for the bank.
  • Other duties as assigned.

Skills and Qualifications:
Proficiency in Microsoft Office applications; ability to perform basic accounting/financial analysis; excellent oral and written communication skills; strong sales skills and ability to call prep for sales calls; must have a general knowledge of farming and ranching along with an understanding of rural living.
Education:
Bachelors degree in Business Administration, Finance, Agriculture Economics or a related field.
Experience:
Accounting or bookkeeping experience in formation of financial statements and cashflows.
5 years experience in banking, credit or other agriculture business-related field preferred.

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