How much does a Credit Risk Officer I make in Maine? The average Credit Risk Officer I salary in Maine is $71,238 as of February 26, 2024, but the range typically falls between $59,502 and $78,036. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Credit Risk Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Credit Risk Officer I Salary $48,817 ME February 26, 2024
25th Percentile Credit Risk Officer I Salary $59,502 ME February 26, 2024
50th Percentile Credit Risk Officer I Salary $71,238 ME February 26, 2024
75th Percentile Credit Risk Officer I Salary $78,036 ME February 26, 2024
90th Percentile Credit Risk Officer I Salary $84,225 ME February 26, 2024
25% $59,502 10% $48,817 90% $84,225 75% $78,036 $71,238 50%(Median) Didn’t find job title? Click
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What skills does a Credit Risk Officer I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

2.

Financial Statements: Obtaining and creating formal records of business activities and cash flows to provide results for financial performance.

3.

Accounting: Creating financial statements and reports based on the summary of financial and business transactions.

Risk Management 17.65%
Financial Statements 1.67%
Accounting 1.05%
Others 79.63%

Job Description for Credit Risk Officer I

Credit Risk Officer I provides analysis and evaluation in order to reduce credit risk for a financial institution. Extracts data from a variety of sources and uses data to build simple to moderately complex financial models that predict risk exposure. Being a Credit Risk Officer I prepares performance reports for management. Requires a bachelor's degree. Additionally, Credit Risk Officer I typically reports to a supervisor or manager. The Credit Risk Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Credit Risk Officer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Credit Risk Officer I in Maine

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Location Avg. Salary Date Updated
Location Saco, ME Avg. Salary $72,738 Date Updated February 26, 2024
Location Windham, ME Avg. Salary $72,837 Date Updated February 26, 2024
Location Abbot, ME Avg. Salary $66,795 Date Updated February 26, 2024
Location Acton, ME Avg. Salary $74,422 Date Updated February 26, 2024
Location Addison, ME Avg. Salary $66,795 Date Updated February 26, 2024
Location Albion, ME Avg. Salary $66,795 Date Updated February 26, 2024
Location Alfred, ME Avg. Salary $73,997 Date Updated February 26, 2024
Location Alna, ME Avg. Salary $72,147 Date Updated February 26, 2024
Location Andover, ME Avg. Salary $72,147 Date Updated February 26, 2024
Location Anson, ME Avg. Salary $66,795 Date Updated February 26, 2024

Career Path for Credit Risk Officer I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Credit Risk Officer I, the first career path typically progresses to Letter of Credit Officer.

Additionally, the second career path typically starts with a Credit Risk Officer II position, and then progresses to Credit Risk Manager.

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Credit Risk Officer I Salary in Maine
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