A person working as a Credit Risk Manager in will on average earn $89918 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $89,918.00 |
| Weekly salary | $1,729.19 |
| Daily salary | $246.35 |
| Hourly salary | $30.79 |
This means credit risk manager salary is above average!
Job Industry: finance
Description: A credit risk manager is responsible for assessing and managing the potential risks associated with lending money or extending credit to individuals or businesses. They analyze financial data, evaluate creditworthiness, and make recommendations on loan approvals or credit limits. These professionals work closely with other departments, such as underwriting and collections, to ensure effective risk mitigation strategies are in place. They also monitor and review existing credit portfolios, identifying any potential issues or trends that may impact the organization's overall credit risk exposure. Additionally, credit risk managers stay up-to-date on industry regulations and best practices to ensure compliance and reduce the likelihood of financial losses.
Tagged with: credit risk management, financial analysis, risk assessment, loan underwriting, credit portfolio management, regulatory compliance.