Home > Salary > Monaco > Credit Risk Manager
A credit risk manager is responsible for assessing and managing the potential risks associated with lending money or extending credit to individuals or businesses. They analyze financial data, evaluate creditworthiness, and make recommendations on loan approvals or credit limits. These professionals work closely with other departments, such as underwriting and collections, to ensure effective risk mitigation strategies are in place. They also monitor and review existing credit portfolios, identifying any potential issues or trends that may impact the organization's overall credit risk exposure. Additionally, credit risk managers stay up-to-date on industry regulations and best practices to ensure compliance and reduce the likelihood of financial losses.
Estimated Yearly Salary: 374,151 EUR
Estimated Monthly Salary: 31,179 EUR
Estimated Weekly Salary: 7,195 EUR per week
Estimated Hourly Salary: 180 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 30,086 EUR
Estimated Weekly Salary: 6,943 EUR per week
Estimated Hourly Salary: 174 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 372,743 USD
Estimated Monthly Salary: 31,062 USD
Estimated Weekly Salary: 7,168 USD per week
Estimated Hourly Salary: 179 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 374,151 EUR
Estimated Monthly Salary: 31,179 EUR
Estimated Weekly Salary: 7,195 EUR per week
Estimated Hourly Salary: 180 EUR per hour
By working as Credit Risk Manager a person can save up to 23,619 USD per month or 283,425 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Monaco, see costs of living in Monaco.
Estimated Yearly Salary for Credit Risk Manager
Last revision of data: 2025-01-04
Data as of 2025
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Credit Risk Manager salary in Monaco
Average Yearly Salary of Credit Risk Manager in Monaco is approximately 374,151 EUR (372,743 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Credit Risk Manager do?
A credit risk manager is responsible for assessing and managing the potential risks associated with lending money or extending credit to individuals or businesses. They analyze financial data, evaluate creditworthiness, and make recommendations on loan approvals or credit limits. These professionals work closely with other departments, such as underwriting and collections, to ensure effective risk mitigation strategies are in place. They also monitor and review existing credit portfolios, identifying any potential issues or trends that may impact the organization's overall credit risk exposure. Additionally, credit risk managers stay up-to-date on industry regulations and best practices to ensure compliance and reduce the likelihood of financial losses.
Skills: credit risk management, financial analysis, risk assessment, loan underwriting, credit portfolio management, regulatory compliance.
Job industry: Finance
Job industry: Finance
How much does Credit Risk Manager make?
Salary details
How much does Credit Risk Manager make?Estimated Yearly Salary: 374,151 EUR
Estimated Monthly Salary: 31,179 EUR
Estimated Weekly Salary: 7,195 EUR per week
Estimated Hourly Salary: 180 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 361,032 EUREstimated Monthly Salary: 30,086 EUR
Estimated Weekly Salary: 6,943 EUR per week
Estimated Hourly Salary: 174 EUR per hour
Last revision of data: 2024-01-03Credit Risk Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 372,743 USD
Estimated Monthly Salary: 31,062 USD
Estimated Weekly Salary: 7,168 USD per week
Estimated Hourly Salary: 179 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Credit Risk Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Credit Risk Manager in Monaco earns on average:
2.2 times the average salary (or 220% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Credit Risk Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Credit Risk Manager in Monaco earns on average:
2.2 times the average salary (or 220% of average salary).
Is Credit Risk Manager a well paid job?
Yes, our data show that Credit Risk Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Credit Risk Manager?
High salary for Credit Risk Manager would be somewhere between 411,566 EUR and 542,519 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit Risk Manager in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 374,151 EUR
Estimated Monthly Salary: 31,179 EUR
Estimated Weekly Salary: 7,195 EUR per week
Estimated Hourly Salary: 180 EUR per hour
By working as Credit Risk Manager a person can save up to 23,619 USD per month or 283,425 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Credit Risk Manager
France is 91,967 USD
Italy is 75,675 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Monaco
(1,948,030 EUR per year, pre-tax.)
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(1,613,197 EUR per year, pre-tax.)
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(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
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Data as of 2025Random salary:
Biotechnician (165,988 EUR per year, pre-tax.)
Process stripper (98,815 EUR per year, pre-tax.)
Sr. commissions analyst (257,591 EUR per year, pre-tax.)
Developmental biologist (297,082 EUR per year, pre-tax.)
Senior vice president (svp), strategy (815,099 EUR per year, pre-tax.)
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