How to become a Credit Risk Manager

Identifies, assesses and manages risk associated with the credit activities of an organisation to minimise potential losses.

Main tasks

• Assesses credit risk within an organisation and makes recommendations on the management of identified risks
• Reviews and recommends updates to existing credit risk policies and procedures
• Monitors client portfolios to identify, avoid and manage changes that create risk, and ensures compliance with existing credit and risk policies
• Manages, tests and improves automated credit risk tools
• Analyses and provides feedback to credit risk analysis teams on their work on credit applications

Ways in

• University: Business & Commerce degrees, Offered by 39 universities in Australia
• TAFE and VET: Advanced Diploma of Integrated Risk Management (FNS60822); Advanced Diploma of Banking Services Management (FNS60622); Advanced Diploma of Financial Licensing Management (FNS60722); Diploma of Banking Services Management (FNS50922); Diploma of Credit Management (FNS51522); Diploma of Finance and Mortgage Broking Management (FNS50322); Diploma of General Insurance (FNS51120); Graduate Certificate in Anti-Money Laundering and Counter Terrorism Financing (FNS80020)

Pay · Outlook · AI and this job

• Typical full-time pay: $137,852 a year
• About 21,200 people work in this job group now, and about 23,900 are projected by 2035. (+12.5%)
• Many tasks in this job could be automated by AI. Jobs and Skills Australia rates its automation exposure as high.

Related jobs

• Financial Adviser
• Financial Market Dealer
• Stockbroker
• Capital Markets Specialist
• Investment Analyst
• Investment Manager

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Questions people ask

How do I become a Credit Risk Manager?

Ways in include: Business & Commerce degrees; Advanced Diploma of Integrated Risk Management; Advanced Diploma of Banking Services Management.

How much does a Credit Risk Manager earn in Australia?

Median full-time pay is $137,852 a year (Jobs and Skills Australia).

Is a Credit Risk Manager a growing career in Australia?

Yes. Employment is projected to grow 13% by 2035, from about 21,200 to about 23,900 people (Jobs and Skills Australia).

Do you need a degree to become a Credit Risk Manager?

Usually. 71% of people in this job hold a bachelor's degree or higher.

Will AI change the work of a Credit Risk Manager?

Many tasks in this job could be automated by AI. Jobs and Skills Australia rates its automation exposure as high.

Sources

• Jobs and Skills Australia: Occupation data (ANZSCO), from ABS Labour Force and Census (February 2026), CC BY 4.0, retrieved 2026-10-04
• Jobs and Skills Australia: Generative AI Capacity Study, interactive table data (September 2025), CC BY 4.0, retrieved 2026-10-04
• Jobs and Skills Australia: Employment Projections (Victoria University) (May 2025 to May 2035), CC BY 4.0, retrieved 2026-10-04
• Australian Taxation Office: Taxation Statistics, Individuals Table 15A (2023-24), CC BY 2.5 AU, retrieved 2026-10-04

Updated 2026-10-04