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Credit Risk Analyst

Credit Risk Analyst Job Description

A Credit Risk Analyst assesses the creditworthiness of individuals or corporations, supporting sound lending and business decisions. This role involves collecting and analyzing financial data, preparing detailed credit reports, and evaluating potential risks to determine appropriate credit limits or terms. The analyst works under the guidance of senior team members, contributing to the overall integrity and performance of the credit portfolio. This position demands strong analytical skills, meticulous attention to detail, and a solid understanding of financial statements and risk assessment principles. Typically, 3-5 years of experience in finance, accounting, or a related field with exposure to credit is required. A Bachelor's Degree in Finance, Accounting, Economics, or Business Administration is essential. A basic understanding of Canadian credit markets and financial regulations is preferred.

Typical credit risk analyst duties:

Collect and analyze financial statements, credit reports, and other relevant data.Prepare credit summaries and detailed reports, highlighting key risks and mitigants.Evaluate credit applications and recommend credit limits or payment terms.Monitor existing client accounts for changes in credit risk profiles.Assist in the reconciliation of accounts and resolve credit-related discrepancies.Collaborate with sales and collections teams to support client relationships.Maintain accurate and organized credit files and documentation.Support compliance with internal credit policies and Canadian financial guidelines.

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Salary for Credit Risk Analyst
73500 - 100000
Low
73500
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
88250
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
100000
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Chief Risk Officer – Financial Services 203500 243500 272250 Regulatory Reporting Manager 104250 122500 135500 Operational Risk Analysis Manager 97250 115750 132500 Operational Risk Analyst 80000 91250 105500 Market Risk Analysis Manager 89750 103750 119750 Market Risk Analyst 74000 85250 98000 Credit Risk Analysis Manager 94500 104750 118000 Hedge Fund Accountant 67250 80250 88750 Senior Fund Operations Specialist 69000 83750 95250 Fund Operations Specialist 52750 64750 80500 Anti-Money Laundering (AML) Specialist 65000 80250 91500 Fraud Investigator 56750 71250 81000 Mutual Fund Accountant 57250 63250 72000

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.