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Chief Credit Officer salary in United Kingdom

Average Yearly Salary of Chief Credit Officer in United Kingdom is approximately 103,796 GBP (122,776 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 Chief Credit Officer do?

occupation personasThe Chief Credit Officer (CCO) is a senior-level executive responsible for overseeing and managing the credit risk of a financial institution. Their primary role is to ensure that the organization's credit policies and procedures are in line with regulatory requirements and industry best practices. The CCO is responsible for assessing and mitigating credit risks, developing and implementing credit risk management strategies, and monitoring the overall credit portfolio performance. The CCO plays a crucial role in evaluating the creditworthiness of borrowers, determining appropriate credit limits, and establishing lending guidelines. They collaborate with various departments, including underwriting, loan administration, and collections, to ensure effective credit risk management throughout the organization. Additionally, the CCO provides guidance and recommendations to senior management and the board of directors regarding credit risk exposure and potential impacts on the institution's financial health.

Skills: Chief Credit Officer, Credit Risk Management, Credit Portfolio, Regulatory Compliance, Creditworthiness Assessment, Credit Risk Mitigation.
Job industry: Banking or financial services


How much does Chief Credit Officer make?

Salary details
How much does Chief Credit Officer make?
Estimated Yearly Salary: 103,796 GBP
Estimated Monthly Salary: 8,650 GBP
Estimated Weekly Salary: 1,996 GBP per week
Estimated Hourly Salary: 50 GBP per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 100,520 GBP
Estimated Monthly Salary: 8,377 GBP
Estimated Weekly Salary: 1,933 GBP per week
Estimated Hourly Salary: 48 GBP per hour
Last revision of data: 2024-04-21



Chief Credit Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 122,776 USD
Estimated Monthly Salary: 10,231 USD
Estimated Weekly Salary: 2,361 USD per week
Estimated Hourly Salary: 59 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 3 %

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

The United Kingdom, also known as the UK, is a country located in northwestern Europe. It consists of four countries: England, Scotland, Wales, and Northern Ireland. With a population of approximately 66 million people, it is the fifth-largest economy in the world. The UK covers an area of around 93,600 square miles, making it the 78th largest country by size.

Estimated national average yearly salary is 41,537 GBP (48,890 USD). Value indicated is pre-tax. Below graph shows estimated Chief Credit Officer job salary compared to average salary in United Kingdom.
Comparison shows that a person working as Chief Credit Officer in United Kingdom earns on average:
2.5 times the average salary (or 250% of average salary).

Is Chief Credit Officer a well paid job?

Yes, our data show that Chief Credit Officer 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 Chief Credit Officer?

High salary for Chief Credit Officer would be somewhere between 114,176 GBP and 150,504 GBP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Chief Credit Officer in United Kingdom?

Living in United Kingdom the approximate monthly expenses are: 1,956 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: 103,796 GBP
Estimated Monthly Salary: 8,650 GBP
Estimated Weekly Salary: 1,996 GBP per week
Estimated Hourly Salary: 50 GBP per hour
By working as Chief Credit Officer a person can save up to 8,276 USD per month or 99,309 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 United Kingdom, see costs of living in United Kingdom.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Ireland.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Chief Credit Officer

Ireland is 221,490 USDup arrow 80%
Details on Chief Credit Officer salary in Ireland
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 United Kingdom

(906,313 GBP per year, pre-tax.)
(398,557 GBP per year, pre-tax.)
(396,499 GBP per year, pre-tax.)
(332,162 GBP per year, pre-tax.)
(330,298 GBP per year, pre-tax.)
(320,143 GBP per year, pre-tax.)
(319,848 GBP per year, pre-tax.)
(310,506 GBP per year, pre-tax.)
(309,585 GBP per year, pre-tax.)
(309,338 GBP per year, pre-tax.)

Data as of 2025

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