Credit Risk Manager in Melbourne

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 in Melbourne

128750 - 149350

25th percentile

128750

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

50th percentile

139050

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

75th percentile

149350

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

Credit Risk Analyst

61800

77250

87550

Senior Credit Risk Analyst

92700

103000

123600

Senior Credit Risk Manager

149350

164800

185400

Head of Credit Risk

180250

200850

242050

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Our starting salary projections come from a detailed, multistep process that ensures our numbers accurately reflect the marketplace. They’re based on real compensation data for job candidates our recruiters have matched with companies across the country.

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