Analyst, Credit Risk Management Salary
Average Credit Risk Management Analysts in the United States make around $66K per year. In the world of Credit Risk Management Analysts, overall income ranges from $40K near the bottom to $105K at the top; this can include more than $22K from bonuses in exceptional cases. Geographic location and career length each impact pay for this group, with the former having the largest influence. Though the majority of Credit Risk Management Analysts do not report high levels of job satisfaction, most are moderately content with their role. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most people who answered the questionnaire are men; 62 percent of Credit Risk Management Analysts are male. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
|Salary||$43,546 - $100,085|
|Bonus||$493.16 - $21,624|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$39,696 - $105,463|
|Hourly Rate||$14.43 - $22.06|
|Bonus||$493.16 - $21,624|
|Total Pay (||$39,696 - $105,463|
Job Description for Analyst, Credit Risk Management
An analyst, credit risk management works in a bank or financial institution. He or she works with potential and current loan and credit clients to make smart decisions regarding loans and loan applications. The analyst is normally an actual employee of the financial institution where he or she works, but private credit risk management firms also hire analysts.Read More...
An analyst who works at a bank will typically examine loan applications and advise the bank on the risk involved. He or she will help the institution to manage the risk that will be taken on by extending credit, and will provide suggestions about acceptable sections of credit, including interest rate level, term of the loan, and maximum amount. The analyst may assist businesses of all sizes with the credit application and loan process as well. Many businesses will find that they can qualify for loans, but an analyst can help to determine what kind of credit is in that company's best interest to manage their own risk factors. The credit risk management analyst can go over the expected needs and cash flow of the business applicant, and advise them of potential problems they may encounter with an application.
Most analysts in credit risk management will need to have a university degree in finance, economics, or some related discipline. In addition, a credit risk management analyst's own credit must normally be very strong, especially if the analyst is working as a direct employee of a bank. Most credit risk management analysts work regular business hours during the week in an office environment.
Analyst, Credit Risk Management Tasks
- Assess credit risk.
- Aggregate and evaluate data related to credit and credit risk to support organizational decision-making.
- Ensure that approved accounts remain in good standing.
- Establish terms for approved credit requests.
Pay by Experience Level for Analyst, Credit Risk Management
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average beginner in this position makes around $60K, but folks who have been around for five to 10 years see a markedly higher median salary of $79K. Credit Risk Management Analysts bring in $73K after working for 10 to 20 years. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $80K.
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Key Stats for Analyst, Credit Risk Management
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