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What is the Credit Risk Manager’s role?

The Credit Risk Manager’s job is to apply a structured approach to analyze, assess, and evaluate the creditworthiness of a business, organization, or individual credit exposure. Depending on the actual job, this analysis can range from the straightforward (using proprietary software to assess an individual’s loan application in a banking environment) to the highly complex (assessing the correlations between default probabilities of derivates held in a portfolio or structured product). Credit Risk Managers are employed within a variety of financial institutions ranging from banks (including both personal and business banking) to credit rating agencies and investment banks.

What are the responsibilities of this role?

  • Modelling default probabilities and credit exposure
  • Understanding the possibility of non-payment in short time periods (settlement risk)
  • Understanding how the distribution of possible losses is affected by correlations within a portfolio
  • Managing credit risk by diversifying across defaults
  • Keeping up to date on risk modelling software and methodologies

What are the alternate names for this role?

Credit Risk Analyst

What is the earning potential for this role?

Avg Salaries from Canadian job sites

What are the required & recommended credentials and courses?

Below are the courses and credentials required and/or recommended for this career.

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