How to hire a credit risk management director

How to hire a credit risk management director, step by step

Here's a step-by-step credit risk management director hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a credit risk management director job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new credit risk management director
• Step 8: Go through the hiring process checklist

What does a credit risk management director do?

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1. Identify your hiring needs

   First, determine the employments status of the credit risk management director you need to hire. Certain credit risk management director roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A credit risk management director's background is also an important factor in determining whether they'll be a good fit for the position. For example, credit risk management directors from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   The following list breaks down different types of credit risk management directors and their corresponding salaries.

   Type of Credit Risk Management Director	Description	Hourly rate
   Credit Risk Management Director	Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.	$45-109
   Finance Officer	A finance officer is responsible for monitoring the financial department and the transactions of an organization. Finance officers analyze financial reports, update account statements, and oversee the budget allocation for business operations... Show more	$20-52
   Manager Finance Planning And Analysis	A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly... Show more	$36-71

   Show more

2. Create an ideal candidate profile

   Common skills:

   • SAS
   • Derivative
   • Alll
   • Real Estate
   • SQL
   • Financial Institutions
   • Portfolio Performance
   • Internal Audit
   • Credit Policies
   • Risk Exposure
   • Financial Analysis
   • Risk Issues
   • Macro
   • Risk Monitoring

   Check all skills

   Responsibilities:

   • Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.
   • Perform due diligence and treasury integration for acquisitions in the U.S. and Mexico.
   • Work on risk strategies with executives, Connell executives, treasury, and outside counsel.
   • Coordinate with trading desks and legal groups in structuring collateral arrangements for various derivative products.
   • Major focus are on risk and DSO, integrating acquisitions, national accounts, high-risk customer visitations/negotiations, and trend identification/remediation.
   • Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

   More credit risk management director duties

3. Make a budget

   Including a salary range in your credit risk management director job description is one of the best ways to attract top talent. A credit risk management director can vary based on:

   • Location. For example, credit risk management directors' average salary in alabama is 31% less than in new hampshire.
   • Seniority. Entry-level credit risk management directors 58% less than senior-level credit risk management directors.
   • Certifications. A credit risk management director with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a credit risk management director's salary.

   Average credit risk management director salary

   $147,122yearly

   $70.73 hourly rate

   ---

   Entry-level credit risk management director salary

   $95,000 yearly salary

   Updated January 23, 2026

   Average credit risk management director salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$162,726	$78
   2	California	$160,670	$77
   3	Massachusetts	$160,113	$77
   4	Florida	$159,532	$77
   5	District of Columbia	$153,012	$74
   6	New Jersey	$152,871	$74
   7	Virginia	$152,773	$73
   8	Illinois	$151,061	$73
   9	Connecticut	$147,370	$71
   10	Texas	$142,368	$68
   11	Georgia	$141,265	$68
   12	Wisconsin	$135,018	$65
   13	Minnesota	$129,669	$62
   14	Arizona	$128,018	$62

   Average credit risk management director salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	LendingClub	$160,516	$77.17	12
   2	Legal & General Investment Management America	$158,722	$76.31
   3	Sumitomo Mitsui Financial Group	$158,007	$75.96	1
   4	First Republic Bank	$156,058	$75.03
   5	Nomura Securities	$155,710	$74.86	45
   6	J.P. Morgan	$154,687	$74.37
   7	Direct Energy	$150,321	$72.27
   8	Citi	$149,736	$71.99	28
   9	Dollar Financial Group	$140,244	$67.42
   10	Cross River	$138,074	$66.38
   11	Canadian Imperial Holdings, Inc.	$137,869	$66.28	8
   12	Payoff	$137,824	$66.26
   13	Santander Bank	$136,923	$65.83	9
   14	Global Impact Investing Network	$136,350	$65.55
   15	HSBC Bank	$135,784	$65.28
   16	JPMorgan Chase & Co.	$134,940	$64.88	1,260
   17	Fiserv	$132,364	$63.64	7
   18	Bankers' Bank	$130,394	$62.69
   19	Freddie Mac	$129,181	$62.11	18
   20	American Express	$126,636	$60.88	84

4. Writing a credit risk management director job description

   A good credit risk management director job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a credit risk management director job description:

   Credit risk management director job description example

   CS is seeking a Vice President-level candidate to assist a Director in managing underwriting proposals through the credit approval process and provide senior mentorship in monitoring of a portfolio of assigned counterparties for the Energy and Natural Resources sector.
   Primary responsibilities include:
   
   Underwriting: Facilitate / assist transaction requests within the Energy & Natural Resources industry vertical. Including underwritten, best efforts and relationship loans. Additional responsibility includes approval of other counterparty credit requests including derivative, margin loan and other related industry credit extensions. Collaborate with team lead to ensure communication flow with senior members of transaction teams regarding due diligence, process and approvals.
   
   Credit Monitoring: Ensure ongoing monitoring analyses and documents - including any Shared National Credit exam-specific documents - are prepared to a high-quality standard and archived in a manner consistent with approved CS Policies and Procedures. Identify counterparties with deteriorating credit trends, perform monthly re-assessments of credit and regulatory ratings, document proposed rating changes, recommend counterparties for addition/removal from watch lists, and raise specific credit concern
   
   Your future colleague
   
   Credit Suisse's Credit Risk IB Team (also referred to as Credit Risk Management or "CRM") partners with key business partners throughout the Bank to meet business demands and an evolving regulatory environment in the US. The team establishes internal credit ratings and counterparty limits for the portfolio. CRM's mandate is two-fold (1) Loan Underwriting / Transaction Approval: Initial review and approval of loan and traded product exposure (2) Portfolio Management: Ongoing monitoring (quarterly / annually) of loan and traded product exposure on CS's books. We are a department which values Diversity and Inclusion (D&I) and is committed to realizing the firm's D&I ambition which is an integral part of our global cultural values.
   
   Your skills and experience
   
   We are looking for applicants with equivalent experience of minimum of 5 years of related credit underwriting experience within a wholesale banking organization and a detailed understanding of credit analysis, including industry and business analysis, financial modeling, and understanding of capital structure and loan/bond documentation.
   
   Experience of at least 4 years covering Oil & Gas sub-sectors and loan products, specifically Exploration & Production and Reserve-Based Loans. Equivalent experience with Exploration & Production Lending and/or Workouts and/or technical expertise in Oil & Gas engineering preferred. Bachelor's Degree in Accounting/Finance/Economics preferred. Ability to succinctly communicate with and present to senior managers. Motivation and ability deliver quality work products with minimal direct supervision. Equivalent experience mentoring and/or managing junior team members. Dedication to fostering an expansive culture and value varied perspectives.

   Copy this example

   

5. Post your job

   To find the right credit risk management director for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with credit risk management directors they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit credit risk management directors who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   Post your job online:

   • Post your credit risk management director job on Zippia to find and recruit credit risk management director candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   To successfully recruit credit risk management directors, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new credit risk management director

   Once you've decided on a perfect credit risk management director candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   Once that's done, you can draft an onboarding schedule for the new credit risk management director. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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