Head of Credit Risk Management

Welcome to Massachusetts Mutual Life Insurance, where we are committed to providing financial security and peace of mind to our clients. We are currently seeking a highly qualified and experienced individual to join our team as the Head of Credit Risk Management. In this role, you will be responsible for overseeing all aspects of credit risk management, ensuring that our company takes a proactive approach to managing and mitigating risk. We are looking for a dynamic leader with excellent analytical skills, strong business acumen, and a deep understanding of credit risk. If you are passionate about risk management and have a proven track record of success in this field, we would love to hear from you. Join us and make a meaningful impact on the financial well-being of our clients.

• Develop and implement credit risk management policies and procedures in line with industry best practices and regulatory requirements
• Lead and manage a team of credit risk analysts to ensure timely and accurate risk assessments
• Monitor and analyze credit risk exposure across all business lines and develop strategies to mitigate potential risks
• Collaborate with other departments, such as underwriting and finance, to assess creditworthiness of potential clients and determine appropriate risk levels
• Conduct regular reviews and stress tests to identify potential areas of vulnerability and recommend appropriate actions to minimize risk
• Stay updated on industry trends and changes in regulations to ensure the company's risk management practices remain current and effective
• Communicate effectively with senior management and stakeholders about credit risk management strategies and recommendations
• Develop and maintain relationships with external partners, such as credit rating agencies and auditors, to support risk management efforts
• Review and analyze credit risk reports and present findings and recommendations to senior management for decision-making purposes
• Participate in the development and implementation of new products and services, providing input on potential credit risks and mitigation strategies
• Ensure compliance with all relevant laws, regulations, and internal policies related to credit risk management.

According to JobzMall, the average salary range for a Head of Credit Risk Management in Boston, MA, USA is between $140,000 and $200,000 per year. Factors such as years of experience, level of education, and specific industry can impact the exact salary within this range.

The Massachusetts Mutual Life Insurance Company, founded in 1851, is an American mutual life insurance company serving five million clients. With headquarters in Springfield, Massachusetts, the company employs more than 7,000 in the United States, and a total of 10,614 internationally.