The average salary for a Chief Credit Officer is $132,123.
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What Do Chief Credit Officers Do?
A chief credit officer is a senior company executive whose job is to develop and manage a company's overall credit strategy. Those in this position develop credit risk strategies and oversee loan portfolios with the objective of maintaining high-quality borrowing strategies, and implementing risk-mitigation strategies, for the company.
Chief credit officers report directly to their company's chief executive officer (CEO) and board of directors. They supervise all credit-related branches of the…Read more
Chief Credit Officer Tasks
- Utilize an established network of contacts to initiate, lead, and negotiate business transactions for long and short-term credit loans.
- Provide recommendations for policy revisions and advise lending management on potential risk.
- Ensure compliance with regulations, credit delivery systems, and reporting credit related activities.
- Direct the credit division and oversee loan portfolios with an eye for risk management.
Job Satisfaction for Chief Credit Officer
Explore the most common career paths for Chief Credit Officer. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Chief Executive Officer (CEO)
Commercial Credit Analyst
Somewhat common (8 - 20%)
Chief Credit Officer Job Listings
What Are Popular Skills for Chief Credit Officers?
Skills in Risk Management / Risk Control, Leadership and Commercial Loans are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis and Credit Control.
What is the Pay by Experience Level for Chief Credit Officers?
An early career Chief Credit Officer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $96,984 based on 11 salaries. A mid-career Chief Credit Officer with 5-9 years of experience earns an average total compensation of $104,805 based on 20 salaries. An experienced Chief Credit Officer with 10-19 years of experience earns an average total compensation of $125,881 based on 54 salaries. In their late career (20 years and higher), employees earn an average total compensation of $144,108.
Pay Difference by Location
Employees with Chief Credit Officer in their job title in New York, New York earn an average of 48.7% more than the national average. These job titles also find higher than average salaries in Minneapolis, Minnesota (30.5% more) and Dallas, Texas (4.4% more). The lowest salaries can be found in Los Angeles, California (7.7% less), Richmond, Virginia (5.4% less) and Miami, Florida (1.5% less).
Years of Experience
This data is based on 215 survey responses.