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Credit Risk Officer Job Description

Job Descriptions February 8, 2014

According to the 2010 SOC, from the U.S. Bureau of Labor Statistics, a credit risk analyst is one who is responsible for the analysis of certain credit data and personal review of financial statements, of individuals and business structures, to determine the level of risk involved with extending fixed, revolving credit, or lending predetermined sums of money. They are charged with preparing reports and compiling documents involved in making a decision. A credit risk officer falls under the broader category of financial specialist.

A candidate for this position can expect a median salary of $64,350, according to the 2010-2020 U.S. Bureau of Labor Statistics. An entry level position, as a credit risk officer, would require a minimum of a bachelor’s degree in the area of specialty. For an advanced position in the field, a master’s degree would be required.

An individual in the position of credit risk officer may also provide analysis and evaluation, in regards to the overall credit risk of a financial institution. They are charged with the goal of maximizing profit while minimizing credit loss or risk. This individual must be familiar with procedures, practices and concepts within the financial field.

A qualified candidate will be required to rely on practiced experience and superior judgment, to plan and accomplish goals. They will perform multiple activities and industry-specific tasks. A degree of creativity and latitude is needed for this position. The individual in this position will work under the general supervision of a financial operations manager, and report to an executive level manager.

The job outlook for 2010-2020, according to the US Bureau of Labor Statistics, is 23% faster than average. There were 236,000 jobs in this field, in 2010. The employment change, expected within the period 2010-2020, is 54,200.

In addition, this individual will be required to keep current in developments within the academic community while keeping track of the regulatory environment, current risk assessment technologies and the financial services industry, in order to provide expert guidance to their firm.

They will be required to expand their understanding of an unexplored field and adapt to and, if necessary, perform model validations of specialized models. A prime responsibility will be the support of regulatory examiners and the performance of internal audits, of the process and specialized components of utilized models.

A superior candidate will be able to perform model-specific validation and confirm the expectation of expert judgment on qualitative factors that augment certain quantitative models. They will be charged with reviewing to confirm that adequate controls and proper documentation are in place. In addition, they will review the underlying assumption, theory, empirical evidence, implementation and limitations of the model and evaluate the model’s performance with standard back testing and benchmarking techniques.

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Showing schools in your area

5 Program(s) Found
  • Liberty University provides a worldclass education from a christ-centered worldview
  • 100% online programs at associate, bachelor’s, master’s, and doctoral levels
  • No standardized testing if student meets admission requirements
  • Accredited by the Southern Association of Colleges and Schools Commission on Colleges
  • 87% of Liberty University students receive some form of financial aid
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
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Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Topped the list as Best Online Bachelor’s Program in Virginia by U.S. News & World Report in 2019.
  • Regent is ranked among Top National Universities by U.S. News & World Report, 2019.
  • Flexible online, on-campus and evening courses offered in 135 areas of study, including Business, Nursing, Psychology, & more.
  • Regent is recognized among Top #10 Military Friendly Schools by Military Friendly®, 2019.
  • 88% of Regent University students receive financial aid, with $24 million awarded in institutional scholarships & aid in 2017-18.
  • Online Courses
5 Program(s) Found
  • Separate yourself from the pack by completing one of Saint Leo’s highly-rated Business degree programs. Associates, Bachelors, and Graduate degrees in highly sought-after concentrations available!
  • Learn the necessary skills and build the foundation to propel your business career by receiving an education from our faculty members with true real-world experience.
  • Saint Leo University provides academic excellence, flexibility, affordability, and a wide range of educational programs with financial aid and scholarships available to those who qualify.
  • Saint Leo offers a 14:1 Student-Teacher Ratio to ensure you get the personal attention you deserve.
  • Learn on your schedule with our 6 convenient available start dates throughout the year. Get started on earning your accredited Business degree today!
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

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