As of March 01, 2026, the average salary for a Credit Risk Officer I in the United States is $64,592 per year, which breaks down to an hourly rate of $31.
However, a Credit Risk Officer I's salary can vary significantly. Here’s a look at the typical salary range:
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A Credit Risk Officer I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Credit Risk Officer I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Credit Risk Officer I | 0-2 years | $64,592 |
| Credit Risk Officer II | 2-4 years | $92,756 |
| Credit Risk Officer III | 4-7 years | $105,026 |
| Credit Risk Manager | 7+ years | $124,463 |
| Credit Risk Senior Manager | 7+ years | $138,218 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Credit Risk Officer Is. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Risk Management | 17.79% |
| Financial Statements | 1.68% |
| Financial Services | 1.31% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Relationship Management
|
$83,324 |
29%
|
|
Business Continuity
|
$75,573 |
17%
|
|
Strategic Planning
|
$73,635 |
14%
|
|
Alignment
|
$71,051 |
10%
|
|
Operational Risk Management
|
$71,051 |
10%
|
|
Business Strategy
|
$71,051 |
10%
|
Your level of education can impact your salary potential. While many Credit Risk Officer Is enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Credit Risk Officer I with a Bachelor's Degree is between $69,501 and $75,784).
Credit Risk Officer I Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 12.5% |
| High School | 12.5% |
| Associates | 50.0% |
| Bachelors | 37.5% |
| Masters | 50.0% |
| Doctorate | 0.0% |
Understanding how a Credit Risk Officer I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on March 01, 2026Promotions are the fastest way to increase your earnings. As a Credit Risk Officer I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Letter of Credit Officer | $69,025 | 7% |
| Credit Risk Officer II | $92,756 | 44% |
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Compensation PlanningHere are companies hiring for Credit Risk Officer I and their salaries, click below for more details.
Ready to take the next step in your career? Browse thousands of current Credit Risk Officer I job openings on our job board. Use the search bar below to find your perfect match.
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A Credit Risk Officer I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Credit Risk Officer I earns the most in San Jose, CA, where the annual salary of a Credit Risk Officer I is $81,470.
The highest pay for Credit Risk Officer I is $70,283.
The lowest pay for Credit Risk Officer I is $40,776.
Analyzes, evaluates, and monitors credit exposure and risk metrics for a financial institution to mitigate and reduce risk. Evaluates financial statements and credit ratings to conduct credit assessments of new and existing parties and ensure compliance with risk limits. Assists with the development of credit risk models and frameworks to evaluate credit proposals and provide risk-based recommendations. Utilizes programming methodologies to create and maintain financial databases and statistical models. Ensures credit activities, documentation, and reporting adhere to internal policies and regulatory requirements. Requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
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