Credit Risk Manager

Credit Risk Manager job description

>The Credit Risk Manager is responsible for overseeing the assessment, monitoring, and mitigation of credit risk across lending portfolios. This role supports strategic decision-making by ensuring robust credit policies and risk frameworks are in place and aligned with regulatory standards.

Credit Risk Manager duties and responsibilities of the job

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

Developing and maintaining credit risk policies and procedures

Assessing credit risk exposures across products, clients, and counterparties

Conducting portfolio analysis to identify trends and emerging risks

Reviewing and approving large or complex credit applications

Leading stress testing and scenario analysis exercises

Ensuring compliance with APRA, Basel III, and internal risk frameworks

Providing input into credit risk models and validation processes

Preparing credit risk reports for senior management and regulatory bodies

Collaborating with business units to embed risk-aware decision-making

Typical Credit Risk Manager job qualifications and requirements

A degree in finance, economics, or a related discipline is essential, with relevant certifications such as FRM or CFA highly regarded. Strong experience in credit risk management within financial services is required, ideally in a leadership capacity.

Extensive experience in credit risk assessment, underwriting, and portfolio management

Strong knowledge of regulatory frameworks, including APRA Prudential Standards (e.g. CPS 220) and Basel III

Proficiency in financial analysis, credit modelling, and stress testing

Familiarity with credit risk systems and rating methodologies (e.g. Moody’s, S&P, internal scorecards)

Experience in developing and implementing credit risk policies and frameworks

Strong understanding of risk appetite, limits, and exposure management

Excellent communication, stakeholder engagement, and presentation skills

Experience working with cross-functional teams including credit, finance, compliance, and product

Ability to interpret and apply macroeconomic trends to credit strategy and risk management

Proficiency in data analysis tools (e.g. Excel, SQL, SAS, or Python) is highly regarded

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Salary for Credit Risk Manager

126500 - 146500

25th Percentile

126500

The candidate has little or no prior experience in the position and is still developing relevant skills.

50th Percentile

136500

The candidate has an average level of experience and has most of the necessary skills.

75th Percentile

146500

The candidate has above-average experience, has most or all the necessary skills and may have specialised qualifications.

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

Position title

25th Percentile

50th Percentile

75th Percentile

Credit Risk Analyst

58500

72500

85500

Senior Credit Risk Analyst

88500

102000

120500

Senior Credit Risk Manager

145500

161000

180500

Head of Credit Risk

175000

195000

234000

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