Banking Credit Risk Manager

Navigate the financial landscape with a career as a credit risk manager.


A credit risk manager is a financial professional who assesses, analyses, and manages the potential risks of lending money to individuals or businesses. They work for banks, credit unions, and other financial institutions. Their primary responsibility is to ensure that the institution's credit portfolio is managed to maximise profitability while minimising risk. Such managers use various methods to assess the creditworthiness of potential borrowers. 

This may include reviewing credit reports, financial statements, and other relevant data to determine the likelihood that a borrower will be able to repay their debt. Based on their credit risk assessment, credit risk managers develop strategies to manage and mitigate risk. This may include setting credit limits, establishing policies for loan approvals and developing strategies to minimise losses in the event of default.


For Bachelor’s

  • The candidates can pursue bachelor's degrees such as BBA, BMS and BBS from an authorised university or college including the subjects of a professional degree in finance, accounts and commerce.
  • Aspiring students must pass their 10+2 board examination with a minimum of 60% marks. 

For Master’s

  • The scholars need a high understanding and advanced skills to become credit risk managers. 
  • To enhance your knowledge and improve your skills, you can pursue a master's degree in commerce, finance, accounts and statistics.  

Job Roles

Credit Risk Managers play an essential role in assessing, managing and mitigating the credit risk of a financial institution. Here are some typical job roles and responsibilities of a credit risk manager:

  • Credit Risk Managers 
  • Developing and implementing credit risk policies
  • Conducting credit risk assessments
  • Monitoring and managing credit risk
  • Collaborating with other departments
  • Providing credit risk advice and guidance
  • Staying up-to-date with industry trends and regulatory requirements

Credit Risk Managers are employed in various sectors including banking, financial services, insurance and consulting. Here are some of the most common employment sectors for Credit Risk Managers:

  • Banking
  • Financial services
  • Insurance
  • Consulting
  • Regulatory agencies
  • Rating agencies

Top Recruiters

An insurance agent, many employers seek talented individuals to join their team. Some of the top recruiters of insurance agents include:

  • State Bank of India
  • HDFC Bank
  • Morgan Stanley
  • Induslnd Bank 
  • Citi Bank
  • Consulting Firms
  • Investment Management Firms
  • Government Agencies 


The salary of a Credit Risk Manager can vary depending on various factors such as experience, industry, location and company size.


Entry-level Credit Risk Manager

Approx 4 lakhs - 5 lakhs per annum

Senior Credit Risk Manager

Approx 9 lakhs - 10 lakhs per annum

Top-level Credit Risk Manager

Approx 15 lakhs - 30 lakhs per annum


  • Financial analysis
  • Risk management
  • Data analysis
  • Communication
  • Problem-solving
  • Leadership
  • Regulatory compliance
  • Business acumen


The scope of Credit Risk Managers is broad and varied, and their role is critical to the success of any organisation that deals with lending or investment activities. Here are some of the critical areas where Credit Risk Managers play a significant role:

  • Risk assessment
  • Risk mitigation
  • Portfolio management
  • Regulatory compliance
  • Communication and collaboration


  • Improved credit risk management
  • Better decision-making
  • Increased regulatory compliance
  • Enhanced reputation
  • Competitive advantage


  • Over-reliance on models
  • Complexity and bureaucracy
  • Limited perspective
  • Cost
  • Compliance burden