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Remote Credit Risk Underwriter Jobs in Washington, DC

PenFed Credit Union

Sr. Manager, QRM Development

Mclean, VA · On-site +1

$97K - $195K/yr

Overview PenFed is hiring a (Remote) Sr. Manager, QRM Development. Reporting to the VP, Financial ... credit union's QRM (Quantitative Risk Management) applications. This includes the processes and ...

ICF

Housing CDBG-DR Grant Lead - Remote (US)

Reston, VA · On-site +1

$90 - $110K/hr

... credits, underwriting, affordable housing financing structures, the Uniform Relocation Act ... as pre-disaster risk mitigation measures. Work as part of a team providing expert services on ...

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All JobsCredit Risk Underwriter JobsRemote Credit Risk Underwriter JobsRemote Credit Risk Underwriter Jobs in Washington, DC

Remote Credit Risk Underwriter information

See Washington, DC salary details

$52.7K

$98.9K

$168.2K

How much do remote credit risk underwriter jobs pay per year?

As of Aug 19, 2026, the average yearly pay for remote credit risk underwriter in Washington, DC is $98,865.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,300.00 and $115,000.00 per year, depending on experience, location, and employer.

What does a remote credit risk underwriter do?

A Remote Credit Risk Underwriter evaluates loan applications and assesses the creditworthiness of individuals or businesses from a remote location, typically working from home. They analyze financial statements, credit reports, and other relevant data to determine the risk involved in lending money. Their goal is to ensure that loans are only approved for applicants who are likely to repay them, thus minimizing losses for the lender. Remote underwriters use digital tools and platforms to perform their assessments and communicate with colleagues and clients.

What are the key skills and qualifications needed to thrive as a remote credit risk underwriter?

To thrive as a Remote Credit Risk Underwriter, you need strong analytical abilities, knowledge of credit policies, and experience in financial statement analysis, usually backed by a degree in finance, accounting, or a related field. Familiarity with credit risk assessment software, financial modeling tools, and relevant industry certifications such as CRC or CFA is typically required. Outstanding attention to detail, decision-making skills, and effective communication are vital soft skills for collaborating remotely and presenting risk findings. These competencies ensure accurate risk evaluations, minimize financial losses, and maintain strong client and team relationships in a virtual environment.

How does a remote credit risk underwriter typically collaborate with other departments while working off-site?

As a Remote Credit Risk Underwriter, you’ll regularly collaborate with loan officers, sales teams, and compliance staff through digital communication platforms such as email, video conferencing, and specialized underwriting software. Clear and timely communication is essential, since you'll often be relied upon for quick risk assessments and policy clarifications. Many organizations foster teamwork by holding virtual meetings, using project management tools, and maintaining shared digital workspaces to ensure remote underwriters stay connected and aligned with overall business goals.

What is the difference between Remote Credit Risk Underwriter vs Remote Credit Analyst?

AspectRemote Credit Risk UnderwriterRemote Credit Analyst
Primary RoleAssess and approve credit risk for loan applicationsAnalyze credit data to evaluate borrower creditworthiness
Required CredentialsTypically requires underwriting certifications, finance or banking backgroundOften requires finance or accounting background, sometimes certifications
Work EnvironmentCollaborates with underwriters, lenders, and risk teamsWorks with loan officers, clients, and risk management teams
Industry UsageCommon in banking, lending, and financial servicesWidely used in banking, mortgage, and lending sectors

While both roles involve analyzing credit data, the Remote Credit Risk Underwriter primarily makes approval decisions based on risk assessment, whereas the Remote Credit Analyst focuses on evaluating creditworthiness to inform lending decisions. Both roles require financial knowledge and often similar certifications, but their core responsibilities differ in scope and decision-making authority.

What are popular job titles related to Remote Credit Risk Underwriter jobs in Washington, DC?

For Remote Credit Risk Underwriter jobs in Washington, DC, the most frequently searched job titles are:

What job categories do people searching Remote Credit Risk Underwriter jobs in Washington, DC look for?

The top searched job categories for Remote Credit Risk Underwriter jobs in Washington, DC are:

Remote Credit Risk Underwriter jobs near you

Sr. Manager, QRM Development

PenFed Credit Union

Mclean, VA • On-site, Remote

$97K - $195K/yr

Full-time

Posted 4 days ago

PenFed Credit Union rating

7.6

Company rating: 7.6 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

Job description

Overview

PenFed is hiring a (Remote) Sr. Manager, QRM Development.  Reporting to the VP, Financial Risk Modeling & Integration within the Financial Analysis & Forecasting group, the incumbent will provide leadership for a team responsible for the management, oversight, and delivery of the credit union’s QRM (Quantitative Risk Management) applications. This includes the processes and assumptions necessary for modeling effective asset/liability management, income forecasting, capital planning & stress testing, funds transfer pricing, and liquidity risk management. The incumbent will rely on advanced experience, judgment, and problem-solving ability to accomplish goals and guide complex modeling and implementation efforts.


Responsibilities

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.

  • Leads the efficient execution, coordination, and continued development of interest rate risk modeling, income forecasting, FTP, liquidity risk, and capital planning & stress testing within the credit union’s QRM infrastructure.
  • Coordinates and provides oversight for the implementation of behavioral and credit loss forecasting models into the QRM framework to support credit loss, prepayment/attrition, and pricing activities in support of capital sensitivity analysis and income forecasting.
  • Oversees testing and implementation of new QRM functionality that will add value for the Balance Sheet Management and Financial Planning teams. Works closely with forecasters, modelers, and business units to continue improving QRM modeling approaches and assumptions to provide an integrated framework for risk management.
  • Maintains and strengthens technical relationships with other units and departments involved in the modeling effort for PPNR, credit risk forecasting, and ALLL models, including data requirements, model quality, and timely delivery of models to be implemented within the QRM framework.
  • Maintains extensive knowledge of modeling requirements for existing and emerging PenFed financial products and provides senior-level coordination for necessary data requirements with the Finance data team.

    Directs the preparation and maintenance of high-quality process and model change documentation that satisfies internal model risk policies, audit requirements, and corporate governance.


Qualifications

Equivalent combination of education and experience is considered.

  • Advanced degree in a quantitative subject, such as Economics or Finance; CFA certification, or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the job.
  • Minimum of eight (8) years’ experience working with advanced econometric, statistical, and/or forecasting tools using ALM, FTP, CCAR, liquidity and other financial risk management models, including extensive understanding of retail lending, required.
  • Minimum 3 years of supervisory experience, required.
  • Minimum five (5) years QRM Balance Sheet Management system experience; strong familiarity with QRM forecasting capabilities and the integration of externally developed models into the QRM framework is preferred.
  • Extensive understanding of cashflow modeling across retail lending and funding programs such as auto, mortgage, credit cards, and student loans, as well as demand and time deposits
  • Generalized, working understanding of SQL or similar data query competencies.
  • Python coding a plus as well as relevant experience using AI tools such as Copilot preferred.

Supervisory Responsibility

This position will supervise employees.

Licenses and Certifications

CFA Certification
 

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

Travel

Ability to travel to various worksites and be on-call may be required.

Pay Transparency
The anticipated starting salary range for this role is $97,400.00 - $195,010.00
This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval.
This position is eligible for an individual performance based annual bonus.

Qualifications:

Equivalent combination of education and experience is considered.

  • Advanced degree in a quantitative subject, such as Economics or Finance; CFA certification, or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the job.
  • Minimum of eight (8) years’ experience working with advanced econometric, statistical, and/or forecasting tools using ALM, FTP, CCAR, liquidity and other financial risk management models, including extensive understanding of retail lending, required.
  • Minimum 3 years of supervisory experience, required.
  • Minimum five (5) years QRM Balance Sheet Management system experience; strong familiarity with QRM forecasting capabilities and the integration of externally developed models into the QRM framework is preferred.
  • Extensive understanding of cashflow modeling across retail lending and funding programs such as auto, mortgage, credit cards, and student loans, as well as demand and time deposits
  • Generalized, working understanding of SQL or similar data query competencies.
  • Python coding a plus as well as relevant experience using AI tools such as Copilot preferred.

Supervisory Responsibility

This position will supervise employees.

Licenses and Certifications

CFA Certification
 

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

Travel

Ability to travel to various worksites and be on-call may be required.

Pay Transparency
The anticipated starting salary range for this role is $97,400.00 - $195,010.00
This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval.
This position is eligible for an individual performance based annual bonus.

Education:UNAVAILABLEEmployment Type: FULL_TIME

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