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Credit Risk Analyst salary in Singapore

Average Yearly Salary of Credit Risk Analyst in Singapore is approximately 183,869 SGD (91,543 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 Analyst do?

occupation personasA credit risk analyst is responsible for evaluating and assessing the creditworthiness of individuals, businesses, or organizations. They analyze financial data, review credit histories, and assess potential risks involved in lending money or extending credit. Their primary role is to minimize credit losses by identifying and mitigating potential risks through thorough analysis and evaluation. Credit risk analysts also develop and implement credit risk management strategies and policies to ensure the overall health of the organization's credit portfolio. They work closely with other departments such as lending, underwriting, and collections to make informed decisions regarding credit approvals, limits, and terms. Strong analytical skills, attention to detail, and knowledge of financial markets and regulations are essential for success in this occupation.

Skills: Credit Risk Analyst, Risk Management, Financial Analysis, Credit Evaluation, Credit Portfolio Management, Risk Mitigation.
Job industry: Finance


How much does Credit Risk Analyst make?

Salary details
How much does Credit Risk Analyst make?
Estimated Yearly Salary: 183,869 SGD
Estimated Monthly Salary: 15,322 SGD
Estimated Weekly Salary: 3,536 SGD per week
Estimated Hourly Salary: 88 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 177,260 SGD
Estimated Monthly Salary: 14,772 SGD
Estimated Weekly Salary: 3,409 SGD per week
Estimated Hourly Salary: 85 SGD per hour
Last revision of data: 2024-01-02



Credit Risk Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 91,543 USD
Estimated Monthly Salary: 7,629 USD
Estimated Weekly Salary: 1,760 USD per week
Estimated Hourly Salary: 44 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 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.

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Salary comparison to National average

Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.

Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Credit Risk Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Credit Risk Analyst in Singapore earns on average:
1.93 times the average salary (or 193% of average salary).

Is Credit Risk Analyst a well paid job?

Yes, our data shows that Credit Risk Analyst is a 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 Analyst?

High salary for Credit Risk Analyst would be somewhere between 202,256 SGD and 266,610 SGD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Credit Risk Analyst in Singapore?

Living in Singapore the approximate monthly expenses are: 2,688 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: 183,869 SGD
Estimated Monthly Salary: 15,322 SGD
Estimated Weekly Salary: 3,536 SGD per week
Estimated Hourly Salary: 88 SGD per hour
By working as Credit Risk Analyst a person can save up to 4,941 USD per month or 59,287 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 Singapore, see costs of living in Singapore.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Malaysia, Indonesia.
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 Analyst

Malaysia is 24,347 USDdown arrow 73%
Details on Credit Risk Analyst salary in Malaysia
Indonesia is 14,469 USDdown arrow 84%
Details on Credit Risk Analyst salary in Indonesia
Last revision of data: 2025-01-04

Salary 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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Singapore

(1,400,313 SGD per year, pre-tax.)
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(1,093,464 SGD per year, pre-tax.)
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
(1,067,130 SGD per year, pre-tax.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)

Data as of 2025

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The salary data presented here are meant for reference purposes solely. While we strive to ensure accuracy, we do not guarantee all figures is precise. Users are advised to confirm salary details with independent sources before making critical financial choices. Salary ranges can change due to negotiation, industry trends, and location. We disclaim responsibility for errors in the salary data displayed.
Salary data displayed on this site is informational only. Our figures come from various inputs, but we cannot guarantee absolute correctness. Users must always verify salary details with additional platforms before making job-related decisions. Salaries fluctuate due to individual experience, market demand, and employer policies. We make no warranties about the completeness of the provided salary data. By navigating this site, you acknowledge these terms.