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Director Credit Risk Jobs in Olean, NY (NOW HIRING)

US Navy

Special Warfare Combat Crewman

Salamanca, NY

  • Medical

  • Dental

  • Vision

  • Retirement

... high risk coastal and riverine missions, gather reconnaissance, and deliver precision fires in ... conduct direct action raids against enemy shipping and waterborne traffic; integrate with and ...

US Navy

Special Warfare Combat Crewman

Olean, NY

  • Medical

  • Dental

  • Vision

  • Retirement

... high risk coastal and riverine missions, gather reconnaissance, and deliver precision fires in ... conduct direct action raids against enemy shipping and waterborne traffic; integrate with and ...

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All JobsCredit Risk JobsDirector Credit Risk JobsDirector Credit Risk Jobs in Olean, NY

Director Credit Risk information

See Olean, NY salary details

$74.7K

$138.2K

$266.5K

How much do director credit risk jobs pay per year?

As of Aug 18, 2026, the average yearly pay for director credit risk in Olean, NY is $138,163.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,400.00 and $166,200.00 per year, depending on experience, location, and employer.

What does a director 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 are the key skills and qualifications needed to thrive as a director credit risk?

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 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 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 job categories do people searching Director Credit Risk jobs in Olean, NY look for?

The top searched job categories for Director Credit Risk jobs in Olean, NY are:

What cities near Olean, NY are hiring for Director Credit Risk jobs?

Cities near Olean, NY with the most Director Credit Risk job openings:

Director Credit Risk jobs near you
Infographic showing various Director Credit Risk job openings in Olean, NY as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $138,163 per year, or $66.4 per hour.

Real Estate Underwriter (On-Site)

Community Financial System, Inc.

Olean, NY • On-site

$22.60 - $33.93/hr

Full-time

Re-posted 10 days ago

Job description

Overview

At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration.

Just as our employees are committed to helping our customers manage their finances, we’re committed to our employees. After all, they make it happen for our customers every day.

To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.


Responsibilities

This position is responsible to understand, comprehend and maintain with all laws and regulations such as TILA- RESPA, ATR/QM, HMDA. Independently responsible to review and evaluate applications for all products offered and determine credit worthiness of applicant and ensure meets requirements of bank, government agencies and secondary market investors.

Essential Responsibilities:

  • Analyze and evaluate loan applications and all supporting documentation (e.g. financial statements and employment history) to assess borrowers credit worthiness and ensure meets guidelines and regulations
  • Underwrite according to bank guidelines and regulations for all loan products, including USDA/Secondary market/PMI, Construction, Homebuyer Dream Program and SONYMA
  • Analyze and approve residential appraisals to ensure collateral meets program and investor guidelines
  • Review Title Reports
  • Approve if loan is within lending authority or recommend approval or denial for decision and supporting documentation
  • Communicate with lenders and appropriate vendors to obtain information for credit decision
  • Provide guidance to lenders regarding procedures required to take action on problem loan applications
  • Prepare loans to proceed to closing table
  • Participate in writing procedures
  • Other duties as assigned or directed
  • Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner
  • Cooperates with other member of department to achieve department goals. Cooperates with employees of other departments to provide quality service, solve problems and achieve bank goals.

Qualifications

Education, Training and Requirements:

  • Associates Degree or equivalent mortgage processing or legal office real estate closing experience required
  • All applicants must be 18 years of age or older

Skills:

  • Proficient reading, writing, grammar and mathematics skills
  • Ability to analyze and interpret income, assets and credit
  • Ability to work under pressure and work effectively under time constraints
  • Good written and verbal communication skills
  • Research and problem solving skills
  • Proficient in Microsoft Word and Excel
  • Must be able to consistently demonstrate the Company’s core values; a strong work ethic, integrity, respect for others responsibility, transparency and humility

Experience:

  • Two (2) years’ of mortgage experience preferred