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Head Of Credit Risk Jobs (NOW HIRING)

Pillar

Head of Risk

New York, NY · Hybrid

Head of Risk * Location: New York, NY (5 days/week in-office) * Base Salary: $175,000-$250,000 ... Credit Risk and Counterparty Management: Design and own Pillar's credit risk framework, including ...

BizTek People, Inc.

Credit Risk Analyst

Manhattan, NY · On-site

\n \n \n Prestigious international bank seeks a Credit Risk Analyst responsible for credit risk ... Develops and analyzes all types of credit information including financial statements, completes all ...

YouLend

Credit Risk Lead

Atlanta, GA · On-site

Whilst the role is US market focused, like most of our functions, it is based out of our global headquarters in London. In this role, you will lead the US credit risk and underwriting team, owning ...

Scratch Financial

VP of Credit Risk

VP Of Credit Risk As VP of Credit Risk, you'll own the credit strategy behind every lending decision at Scratch Pay. You'll lead our scoring models and the policy layer that sits alongside them ...

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Head Of Credit Risk information

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$86.5K

$158.3K

$239.5K

How much do head of credit risk jobs pay per year?

As of Jun 28, 2026, the average yearly pay for head of credit risk in the United States is $158,312.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,500.00 and $177,500.00 per year, depending on experience, location, and employer.

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

To thrive as a Head of Credit Risk, a deep understanding of credit risk analysis, portfolio management, and regulatory requirements is essential, often supported by a degree in finance, economics, or a related field. Expertise with risk assessment tools, credit risk modeling software, and familiarity with regulatory systems like Basel Accords are typically required. Strong leadership, analytical thinking, and effective communication are vital soft skills for managing teams and influencing strategic decisions. These skills ensure robust risk management practices, regulatory compliance, and the financial stability of the organization.

What does a head of credit risk do?

A head of credit risk oversees an organization's credit risk management strategies, assessing and mitigating potential losses from borrower defaults. They analyze credit data, develop risk policies, and ensure compliance with regulations, often using tools like credit scoring models and risk assessment software. This role requires strong analytical skills and industry knowledge to maintain financial stability.

What is the highest paying job in credit?

The highest paying roles in credit typically include Chief Credit Officer and Head of Credit Risk, which involve overseeing credit policies and risk management at senior levels. These positions often require extensive experience, advanced certifications like CFA or FRM, and strong leadership skills, with compensation reflecting their strategic responsibilities and expertise.

How much does a head of risk management make?

A Head of Credit Risk typically earns between $100,000 and $200,000 annually, with senior roles in larger organizations reaching higher salaries. Compensation depends on experience, industry, and location, and often includes bonuses and benefits. Strong analytical skills and risk management certifications can influence salary levels.

What is the difference between Head Of Credit Risk vs Credit Risk Manager?

AspectHead Of Credit RiskCredit Risk Manager
ResponsibilitiesOversees entire credit risk strategy, policy development, and team leadershipManages credit risk assessments, monitoring, and reporting within specific portfolios
Required CredentialsTypically requires advanced degrees and extensive experience in credit riskRequires relevant experience and certifications like CFA or credit risk courses
Work EnvironmentStrategic, leadership-focused, often in senior management meetingsOperational, analytical, focused on credit assessments and monitoring

The Head Of Credit Risk holds a senior leadership role, shaping overall credit policies, while the Credit Risk Manager focuses on day-to-day risk assessment and management. Both roles require relevant experience and certifications, but differ mainly in scope and strategic influence.

How much does a VP of credit risk make?

A Vice President of Credit Risk at major financial institutions like JP Morgan typically earns between $120,000 and $200,000 annually, with total compensation often including bonuses and benefits. Salaries vary based on experience, location, and the size of the organization, and the role requires strong analytical skills and risk management expertise.

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

A Head of Credit Risk often encounters challenges such as adapting to rapidly changing market conditions, ensuring robust risk assessment models, and maintaining regulatory compliance. Balancing risk minimization with business growth targets requires strong analytical skills and cross-department collaboration. Regularly updating risk policies, leveraging advanced analytics, and fostering open communication with lending, compliance, and IT teams helps address these challenges effectively. Staying proactive and fostering a culture of continuous improvement are also key to success in this leadership role.
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Head Of Credit Risk jobs near you
Infographic showing various Head Of Credit Risk job openings in the United States as of June 2026, with employment types broken down into 40% Full Time, 40% Part Time, and 20% Temporary. Highlights an 92% Physical, 1% Hybrid, and 7% Remote job distribution, with an average salary of $158,312 per year, or $76.1 per hour.
Head of Risk

Head of Risk

Pillar

New York, NY • Hybrid

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago

Job description

Overview

  • Role: Head of Risk
  • Location: New York, NY (5 days/week in-office)
  • Base Salary: $175,000-$250,000
  • Equity: Competitive Initial Equity Package + refreshers
  • Experience: 7-12+ Years

About Pillar

Pillar is building the next-generation commodity risk management stack for the $10T physical economy. We combine real-time market data with AI-powered exposure modeling and automated trade generation to arm operators with precise protection from volatility. From instant execution to continuous monitoring, alerts, and recommendations, Pillar turns complex market risk into a fully managed, always-on hedging engine.

We were founded in 2023 by the youngest macro market-maker at Barclays and a trading systems engineer at Coinbase, and have raised over $20M in capital from Andreessen Horowitz (a16z), Crucible Capital, Neo, DST Global and more.

The Role

Pillar operates as a client-first, risk-intermediating platform. Every hedge we facilitate on behalf of a client creates an exposure that must be measured, controlled, and neutralized. We are looking for a Head of Risk to own that function end-to-end, across both market and credit risk.

This role is the guardian of Pillar's balance sheet. You will build the frameworks, systems, and discipline that ensure every exposure is intentional, bounded, and rapidly hedged. You will work directly with the executive team, engineering, compliance, and product to ensure that as Pillar scales, its risk posture remains tight and its capital is used efficiently.

What You'll Do

  • Market Risk and Hedging: Build real-time visibility into firm-wide exposure arising from client hedging activity, execution timing differences, and temporary risk warehousing. Design and implement systematic hedging strategies to neutralize exposure quickly and efficiently across futures, options, and OTC markets, minimizing slippage, basis risk, and execution cost.
  • Credit Risk and Counterparty Management: Design and own Pillar's credit risk framework, including counterparty assessment and onboarding standards, exposure limits, credit lines, and margining and collateral policies. Underwrite and monitor risk for clients receiving margin support or financing. Build models to track exposure at default, collateral coverage, and margin sufficiency. Define and enforce escalation protocols for margin calls, position reductions, and trading restrictions.
  • Integrated Risk Controls: Ensure market and credit risks are managed in tandem. Model and monitor wrong-way risk, liquidity risk during volatile periods, and stress scenarios covering rapid price movements, counterparty deterioration, and market dislocations. Maintain a framework where residual risk is tightly bounded at all times.
  • Balance Sheet and Capital Efficiency: Define clear principles for when Pillar may temporarily warehouse risk versus immediately hedge, and when to extend credit versus require full collateralization. Build frameworks for risk-adjusted exposure limits and margin utilization. Partner with leadership to scale Pillar's capabilities without taking on unbounded risk.
  • Systems and Infrastructure: Work with engineering to build real-time risk dashboards, automated hedging and rebalancing systems, and counterparty exposure monitoring tools. Integrate risk controls directly into execution and product workflows.
  • Product and Strategy Partnership: Shape Pillar's credit-enabled hedging products in a risk-controlled manner. Advise on structured hedging solutions, execution strategies, and client onboarding and risk segmentation. Partner with compliance to ensure alignment with CFTC/NFA and global regulatory expectations.

What We're Looking For

  • 7-12+ years of experience in risk management, trading, or credit at a commodity firm, bank, FCM, or hedge fund
  • Deep experience across both market risk (derivatives, hedging) and credit risk (counterparty, margining, underwriting), with meaningful exposure to both sides preferred
  • Strong understanding of futures, options, and OTC derivatives, as well as margining, collateral, and financing structures
  • Experience managing risk in environments where exposure must be tightly controlled and neutralized, not warehoused or run directionally
  • Strong quantitative and systems mindset; Python or equivalent experience preferred
  • Comfortable operating at an early-stage company where frameworks need to be built from scratch and pace matters as much as rigor

Nice to Have

  • Experience in client facilitation or agency-style trading environments
  • Background at commodity merchants, FCMs, or prime brokers
  • Familiarity with trade finance or working capital solutions
  • Prior experience building risk systems from scratch at a scaling company

Benefits

  • Competitive Salary & Equity
  • 401(k) Program
  • Health, Dental, Vision and Life Insurance
  • Unlimited PTO and Flexible Hours
  • Paid lunch, coffee, snacks (and dinner if you're staying late)
  • Monthly Gym Stipend
  • Regular Team Off-Sites

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