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Credit Risk Officer I Salary in the United States

How much does a Credit Risk Officer I make in the United States?

As of August 01, 2026, the average salary for a Credit Risk Officer I in the United States is $64,577 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:

  • Top Earners (90th percentile): $70,419
  • Majority Range (25th-75th percentile): $52,176 to $67,635
  • Entry-Level (10th percentile): $40,886
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Credit Risk Officer I Salaries

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.

How Experience Level Affects Credit Risk Officer I Salaries?

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:

  • Credit Risk Officer I (0-2 years): $64,577
  • Credit Risk Officer II (2-4 years): $92,840
  • Credit Risk Officer III (4-7 years): $105,016
  • Credit Risk Manager (7+ years): $124,460
  • Credit Risk Senior Manager (7+ years): $138,104
Job Role Years of Experience Average Salary
Credit Risk Officer I0-2 years$64,577
Credit Risk Officer II2-4 years$92,840
Credit Risk Officer III4-7 years$105,016
Credit Risk Manager7+ years$124,460
Credit Risk Senior Manager7+ years$138,104
View as Graph

How Do Credit Risk Officer Is Salaries Vary from State to State?

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:
  • District of Columbia: $71,500.
  • California: $71,228.
  • Massachusetts: $70,279.

Top Paying Cities for Credit Risk Officer I

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $81,451
  • San Francisco: $80,559
  • Oakland: $78,861

What Skills Can Increase a Credit Risk Officer I's Salary?

Demanded Skills for the Role:

  • Risk Management (Mentioned in 17.79% Job Postings): Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
  • Financial Statements (Mentioned in 1.68% Job Postings): Obtaining and creating formal records of business activities and cash flows to provide results for financial performance.
  • Financial Services (Mentioned in 1.31% Job Postings): A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
Skills Demand Percentage
Risk Management 17.79%
Financial Statements 1.68%
Financial Services 1.31%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Credit Risk Officer I's salary.

  • Relationship Management: Can increase your salary by up to 29%.
  • Business Continuity: Can increase your salary by up to 17%.
  • Strategic Planning: Can increase your salary by up to 14%.
Skill Salary Salary % Increase
Relationship Management $83,304
29%
Business Continuity $75,555
17%
Strategic Planning $73,618
14%
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Credit Risk Officer I Salary by Company Size: Startups vs. Enterprise

Credit Risk Officer I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $70,555. While startup companies pay approximate $59,619.

Credit Risk Officer I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $59,619
Growth Stage 51~500 $63,082
Established 501~5000 $68,108
Enterprise 5000+ $70,555

Credit Risk Officer I Salary by Industry: Top Paying Sectors

For Credit Risk Officer I roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Insurance sectors offer the strongest compensation, at 20% above the average. In contrast, Credit Risk Officer positions in Retail & Wholesale or Business Services typically offer lower base pay, as these industries often view Credit Risk Officer I as a support function rather than a direct revenue driver.

The top paying industries for a Credit Risk Officer I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$77,492$37.020%
Insurance$71,035$34.010%

How Education impacts an Credit Risk Officer I's Salary?

Your level of education can impact your salary potential. While many Credit Risk Officer I enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Credit Risk Officer I with a Bachelor's Degree is between $69,501 and $75,784.

Credit Risk Officer I Salaries by Degree Level

Typical Education for Credit Risk Officer I
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%
View as Graph

Credit Risk Officer I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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 August 01, 2026
$52,176
Average $64,577/year
$67,635
$4,348
Average $5,381/month
$5,636
$1,003
Average $1,242/week
$1,301
$25
Average $31/hour
$33
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $67,635 $5,636 $1,301 $33
Average $64,577 $5,381 $1,242 $31
25th Percentile $52,176 $4,348 $1,003 $25

Credit Risk Officer I Salary Growth & Career Path

Credit Risk Officer I

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Advancement

For a Credit Risk Officer I, the most direct path to higher earnings is advancing to the Credit Risk Officer II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $92,840 - a projected growth of 44% over your current level.

Most common benefits for Credit Risk Officer I

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Credit Risk Officer I

Here are companies hiring for Credit Risk Officer I and their salaries, click below for more details.

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FAQ about Credit Risk Officer I

1. Where can a Credit Risk Officer I earn the most?

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 $81,451.

2. What is the highest pay for Credit Risk Officer I?

The highest pay for Credit Risk Officer I is $70,419.

3. What is the lowest pay for Credit Risk Officer I?

The lowest pay for Credit Risk Officer I is $40,886.

4. What are the responsibilities of Credit Risk Officer I?

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.

5. What industry pays the highest salary for Credit Risk Officer I?

The Financial Services industry offers the highest average compensation for Credit Risk Officer I roles, with salaries approximately 20% above the market median.

Where Does Our Salary Data Come From?

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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