Credit Risk Analyst in New York Salary
A Credit Risk Analyst in New York, New York earns an average salary of $83,704 per year. People in this job generally don't have more than 10 years' experience.
|Salary||$59,496 - $127,451|
|Bonus||$-0.50 - $24,658|
|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).)
|$63,593 - $135,843|
Job Description for Credit Risk Analyst
Credit risk analysts are in charge of analyzing credit risk for clients on behalf of their organization. They are responsible for utilizing financial and credit information to perform risk analysis and deliver detailed reports based on their findings. They provide accurate results based on their analysis and explain credit analyses in non-technical terms to non-technical customers. They complete administrative application, as well as make credit decision using established company policies and procedures. They review high-risk relationships and escalate issues to other departments as needed. This analyst's main functions also include identify potential risk factors before approving credit lines to clients and applicants. as well as preventing loss and charge-back activity by mitigating credit risk. Additionally, these professionals analyze data on business relationships and reconcile credit requests.Read More...
A bachelor's degree in economics, finance, statistics, or a related field is required for this job. Previous experience in a analyst capacity are generally required or preferred as well. Credit risk analysts must have a strong understanding of bureau information, as well as financial principles. Credit risk analysts also need to possess working knowledge of consumer and commercial lending, in addition to payment processes. They must be organized individuals that pay close attention to detail while processing large amount of credit information. They should be able to work well on their own with minimal supervision, but also perform effectively in a team environment with other analysts. (Copyright 2017 PayScale.com)
Credit Risk Analyst 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.
Credit Risk Analyst Job Listings
Key Stats for Credit Risk Analyst