The average salary for a Mid-Career Senior Credit Officer with Risk Management / Risk Control skills is $90,487.
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$66k - $143k
$2k - $31k
$0 - $34k
$68k - $170k
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Job Description for Senior Credit Officer
A senior credit officer, sometimes referred to as the chief credit officer, is a senior manager within a financial institution such as a bank or credit union. They handle a number of tasks, including creating procedures and policies for credit and loans, implementing a system of credit analysis and quality assurance for loans, and examining files for credit assurance and collateral documentation. Senior credit officers also prepare written analyses regarding large loans, identify problematic loa…Read more
Senior Credit Officer Tasks
- Analyze financial information to determine credit quality, approve credit, and document risk factors.
- Develop and document risk mitigation standards and processes.
- Investigate and understand discrepancies, problems, and unusual situations.
- Document and report on lending relationships' status and quality.
- Direct due diligence and portfolio assessment practices, evaluating work.
Explore the most common career paths for Senior Credit Officer. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Senior Credit Officer
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
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Popular Skills for Senior Credit Officer
Skills in Credit Control are correlated to pay that is above average. Skills that pay less than market rate include Commercial Loans, Loan Underwriting and Financial Analysis.
Pay by Experience Level for Senior Credit Officer
An early career Senior Credit Officer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $80,000 based on 11 salaries. An experienced Senior Credit Officer with 10-19 years of experience earns an average total compensation of $116,326 based on 54 salaries. In their late career (20 years and higher), employees earn an average total compensation of $138,895.
Years of Experience
This data is based on 119 survey responses.