As of March 01, 2026, the average hourly rate for a Credit Risk Officer III in the United States is $50, which translates to an annual salary of about $105,026.
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 III'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 III'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 IIIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 9.84% |
| Line Management | 2.07% |
| Commercial Banking | 1.04% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Front Office
|
$114,478 |
9%
|
|
Verbal Communication
|
$113,428 |
8%
|
|
Diversity and Inclusion
|
$112,378 |
7%
|
|
Workday
|
$112,378 |
7%
|
|
Trading
|
$109,227 |
4%
|
|
Credit Policy
|
$109,227 |
4%
|
Your level of education can impact your salary potential. While many Credit Risk Officer IIIs 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 III with a Bachelor's Degree is between $114,576 and $123,305).
Credit Risk Officer III Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 4.5% |
| High School | 40.9% |
| Associates | 4.5% |
| Bachelors | 40.9% |
| Masters | 54.5% |
| Doctorate | 0.0% |
Understanding how a Credit Risk Officer III'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. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Line Management: Line management refers to the management of employees who are directly involved in the production or delivery of products, goods and/or services
Commercial Banking: Is a profit oriented banking by providing loans to customers and charging interest. The bank’s funds come from money deposited by the bank customers in saving accounts, checking accounts, money market accounts, and certificates of deposit (CDs).
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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