Credit Risk Analyst

Credit Risk Analyst job description

The Credit Risk Analyst plays a key role in evaluating, monitoring, and managing credit risk across portfolios, supporting data-driven decision-making and regulatory compliance. This position contributes to the development of credit risk strategies and works closely with stakeholders to maintain the integrity of credit assessment processes.

Credit Risk Analyst duties and responsibilities of the job

Key responsibilities of a Credit Risk Analyst in the financial services sector include:

Conducting in-depth credit analysis of counterparties, portfolios, and products

Developing and enhancing credit risk models and scorecards

Monitoring credit exposures and identifying emerging risk trends

Preparing reports for senior management and regulatory submissions

Supporting the implementation of credit risk frameworks and policies

Validating and refining risk rating methodologies

Performing stress testing and scenario analyses

Collaborating with finance, compliance, and business units on risk issues

Ensuring adherence to APRA, Basel III, and internal governance standards

Typical Credit Risk Analyst job qualifications and requirements

A bachelor's degree in finance, economics, statistics, or a related discipline is essential, and postgraduate qualifications or certifications (e.g. CFA, FRM) are highly regarded. Prior experience in credit risk analysis within financial services is required, with strong quantitative and regulatory knowledge.

4+ years’ experience in credit risk analysis, portfolio monitoring, or related risk functions

Strong financial modelling, credit assessment, and data analysis skills

Proficiency in risk analytics tools and programming languages (e.g. SAS, SQL, Python, Excel)

In-depth understanding of credit risk concepts, provisioning, and regulatory frameworks including APRA standards and Basel III/IV

Experience in developing, validating, or monitoring credit scorecards and risk rating models

Strong attention to detail and critical thinking skills in analysing risk exposure and trends

Excellent written and verbal communication skills, with the ability to present findings to stakeholders

Familiarity with portfolio stress testing, scenario analysis, and concentration risk metrics

Knowledge of reporting tools (e.g. Power BI, Tableau) is advantageous

Ability to work cross-functionally with finance, lending, compliance, and technology teams

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Salary for Credit Risk Analyst

60000 - 85000

25th percentile

60000

The candidate is new to the role or has limited experience and is building necessary skills.

50th percentile

75000

The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.

75th percentile

85000

The candidate has extensive experience and advanced skills for the role, and may also have specialised certifications.

Salary range based on three percentiles The starting salaries represent gross yearly salaries. They do not include bonuses, benefits or superannuation.

Projected salaries for related positions

Job title

25th percentile

50th percentile

75th percentile

Senior Credit Risk Analyst

90000

100000

120000

Credit Risk Manager

125000

135000

145000

Senior Credit Risk Manager

145000

160000

180000

Head of Credit Risk

175000

195000

235000

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