As of March 01, 2026, the average hourly rate for a Credit Risk Officer II in the United States is $45, which translates to an annual salary of about $92,756.
However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:
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A Credit Risk Officer II'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 II'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 IIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Risk Management | 15.84% |
| Financial Services Industry | 1.56% |
| PowerPoint | 1.16% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Business Strategy
|
$102,959 |
11%
|
|
Information Security
|
$101,104 |
9%
|
|
Planning
|
$98,321 |
6%
|
|
Transaction Processing
|
$98,321 |
6%
|
|
Investment Banking
|
$97,394 |
5%
|
|
Presentation
|
$97,394 |
5%
|
Your level of education can impact your salary potential. While many Credit Risk Officer IIs 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 II with a Bachelor's Degree is between $96,330 and $104,599).
Credit Risk Officer II Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 5.9% |
| High School | 35.3% |
| Associates | 5.9% |
| Bachelors | 35.3% |
| Masters | 52.9% |
| Doctorate | 5.9% |
Understanding how a Credit Risk Officer II'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, 2026
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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. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Risk Management: 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 Services Industry: Financial services is a broad term used to describe the various offerings within the finance industry–encompassing everything from insurance and money management to payments and digital banking technology.
PowerPoint: A computer software created by Microsoft which allows the user to create slides with recordings, narrations, transitions and other features in order to present information.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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