How much does a Credit Risk Officer make in the United States?
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The average Credit Risk Officer salary in the United States is $188,414 as of July 01, 2026. The range for our most popular Credit Risk Officer positions (listed below) typically falls between $39,222 and $337,606. Keep in mind that salary ranges can vary widely depending on many important factors, including position, education, certifications, additional skills, and the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Credit Risk Officer's Annual Base Salary
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Credit Risk Officer II | $91,776 | $44.12 | United States | July 01, 2026 |
| Credit Risk Officer III | $118,131 | $56.79 | United States | July 01, 2026 |
| Credit Risk Officer I | $76,299 | $36.68 | United States | July 01, 2026 |
| Credit Risk Director | $226,649 | $108.97 | United States | July 01, 2026 |
| Credit Risk Manager | $147,403 | $70.87 | United States | July 01, 2026 |
| Credit Analysis Manager | $122,601 | $58.94 | United States | July 01, 2026 |
| Credit Risk Senior Manager | $189,969 | $91.33 | United States | July 01, 2026 |
| Chief Risk Officer | $291,168 | $139.98 | United States | July 01, 2026 |
| Credit Clerk | $43,414 | $20.87 | United States | July 01, 2026 |
| Letter of Credit Officer | $68,269 | $32.82 | United States | July 01, 2026 |
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Analyzes, evaluates, and monitors credit exposure and risk metrics for a financial institution to mitigate and reduce risk. Evaluates financial statements and credit ratings to conduct credit assessments of new and existing parties and ensure compliance with risk limits. Assists with the development of credit risk models and frameworks to evaluate credit proposals and provide risk-based recommendations. Utilizes programming methodologies to create and maintain financial databases and statistical models. Ensures credit activities, documentation, and reporting adhere to internal policies and regulatory requirements. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. View Credit Risk Officer II SalaryAlternate Job Titles:Credit Risk Control Analyst II, Intermediate Credit Risk Officer, Credit Risk Officer II
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Analyzes, evaluates, and monitors credit exposure and risk metrics for a financial institution to mitigate and reduce risk. Evaluates financial statements and credit ratings to conduct credit assessments of new and existing parties and ensure compliance with risk limits. Assists with the development of credit risk models and frameworks to evaluate credit proposals and provide risk-based recommendations. Utilizes programming methodologies to create and maintain financial databases and statistical models. Ensures credit activities, documentation, and reporting adhere to internal policies and regulatory requirements. Requires a bachelor's degree. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. View Credit Risk Officer III SalaryAlternate Job Titles:Credit Risk Control Analyst III, Senior Credit Risk Officer, Credit Risk Officer III
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Analyzes, evaluates, and monitors credit exposure and risk metrics for a financial institution to mitigate and reduce risk. Evaluates financial statements and credit ratings to conduct credit assessments of new and existing parties and ensure compliance with risk limits. Assists with the development of credit risk models and frameworks to evaluate credit proposals and provide risk-based recommendations. Utilizes programming methodologies to create and maintain financial databases and statistical models. Ensures credit activities, documentation, and reporting adhere to internal policies and regulatory requirements. Requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. View Credit Risk Officer I SalaryAlternate Job Titles:Credit Risk Control Analyst I, Entry Credit Risk Officer, Credit Risk Officer I
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Directs the credit risk function of a financial institution to monitor credit exposure and mitigate and reduce risk. Oversees the credit risk evaluation process to ensure thorough analysis and consistent application of risk standards. Develops policies and procedures to ensure credit exposures remain within risk limits and regulatory requirements. Communicates with regulators, auditors, and internal control functions on credit risk matters. Develops and improves risk models and frameworks to evaluate credit proposals and provide risk-based recommendations that align with business objectives. Requires a bachelor's degree. Typically reports to senior management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. View Credit Risk Director SalaryAlternate Job Titles:Credit Risk Control Director, Credit Risk Director
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Manages the credit risk exposure of a financial institution to mitigate and reduce risk. Leads the credit risk evaluation process to ensure thorough analysis and consistent application of risk standards. Implements policies and procedures to ensure credit exposures remain within risk limits and regulatory requirements. Develops risk models and frameworks to evaluate credit proposals and provide risk-based recommendations that align with business objectives. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. View Credit Risk Manager SalaryAlternate Job Titles:Credit Risk Control Manager, Credit Risk Manager
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Develops and implements procedures for analyzing the creditworthiness of prospective and current customers. Manages a group of credit analysts and approves requests for credit extensions based on analyst recommendations. May personally handle larger/more complex accounts. Requires a bachelor's degree. Typically reports to a head of a unit/department. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. View Credit Analysis Manager SalaryAlternate Job Titles:Credit Manager, Credit Risk Analysis Manager, Credit Analysis Manager
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Manages the credit risk exposure of a financial institution to mitigate and reduce risk. Leads the credit risk evaluation process to ensure thorough analysis and consistent application of risk standards. Implements policies and procedures to ensure credit exposures remain within risk limits and regulatory requirements. Develops risk models and frameworks to evaluate credit proposals and provide risk-based recommendations that align with business objectives. Requires a bachelor's degree. Typically reports to a director. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. View Credit Risk Senior Manager SalaryAlternate Job Titles:Credit Risk Control Senior Manager, Credit Risk Senior Manager
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Oversees all aspects of an organization's risk management function. Responsible for planning and developing business analysis, risk modeling, and loss prevention programs. Designs strategic initiatives to protect assets from economic, market, and regulatory risks that the organization is exposed to. Requires a bachelor's degree. Typically reports to Chief Executive Officer (CEO). Top level or C level management. Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. View Chief Risk Officer SalaryAlternate Job Titles:Head of Risk Management, Chief Risk Officer
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Evaluates and suggests creditworthiness of prospects and customers to decrease financial risk to the organization. Checks credit applications and grants approval within established guidelines for organizations or individuals. Communicates with the customers and other departments to solve the credit problems. May negotiate terms of payment to assist with collection of overdue balances. Requires a high school diploma or its equivalent. Typically reports to a supervisor or manager. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. View Credit Clerk SalaryAlternate Job Titles:Credit Application Review Clerk, Credit Clerk
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Obtains necessary information to process and complete letters of credit and related financial transactions. Verifies all documentation for accuracy and completeness. Ensures all credit data is evaluated and adheres to bank policies and procedures in order to approve or deny applications. Provides support to lending officers and trade specialists. May require a bachelor's degree. Typically reports to a manager or head of a unit/department. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Typically requires 2 to 4 years of related experience. View Letter of Credit Officer SalaryAlternate Job Titles:Credit Documentation Specialist, Letters of Credit Validation Specialist, Letter of Credit Officer