1

Business Risk Analyst Jobs in Michigan (NOW HIRING)

next page

Showing results 1-20

Business Risk Analyst information

See Michigan salary details

$16

$37

$69

How much do business risk analyst jobs pay per hour?

As of Jul 13, 2026, the average hourly pay for business risk analyst in Michigan is $37.75, according to ZipRecruiter salary data. Most workers in this role earn between $27.45 and $46.30 per hour, depending on experience, location, and employer.

What are some common challenges a Business Risk Analyst faces when assessing risks across multiple departments?

A Business Risk Analyst often encounters the challenge of gathering consistent and comprehensive data from various departments, each with its own processes and risk perspectives. Coordinating across teams to identify, quantify, and prioritize risks requires strong communication and negotiation skills. Additionally, ensuring that risk mitigation strategies are both practical and aligned with organizational goals can be complex, especially in rapidly changing business environments. Frequent collaboration and adaptability are key to overcoming these challenges and ensuring effective risk management.

What is the difference between Business Risk Analyst vs Credit Analyst?

AspectBusiness Risk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CRMBachelor's degree in finance, accounting, or related; certifications like CFA or credit-specific courses
Work EnvironmentCorporate offices, consulting firms, financial institutionsBanks, lending institutions, financial services
Employer & Industry UsageUsed across industries to assess overall business risksPrimarily in banking and lending sectors to evaluate creditworthiness

The main difference is that Business Risk Analysts focus on assessing overall risks facing a business, including market, operational, and strategic risks, while Credit Analysts specifically evaluate the creditworthiness of individuals or companies to determine loan eligibility. Both roles require similar financial knowledge and certifications but serve different purposes within financial and business risk management.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, education, and location. Entry-level positions may start lower, while experienced analysts with certifications like FRM or CFA can earn higher salaries, especially in financial or corporate sectors.

What is a Business Risk Analyst?

A Business Risk Analyst is a professional who identifies, assesses, and helps manage risks that could affect a company's financial health or operations. They analyze data, industry trends, and internal processes to pinpoint potential threats and recommend strategies to mitigate them. Their work helps organizations make informed decisions, comply with regulations, and safeguard assets against potential losses. Business Risk Analysts often collaborate with various departments to ensure comprehensive risk management across the business.

What qualifications do I need to be a risk analyst?

A business risk analyst typically needs a bachelor's degree in finance, economics, business, or a related field. Strong analytical skills, proficiency with data analysis tools like Excel or specialized software, and knowledge of risk management principles are essential; certifications such as FRM or CRM can enhance job prospects.

What are the key skills and qualifications needed to thrive as a Business Risk Analyst, and why are they important?

To thrive as a Business Risk Analyst, you need strong analytical skills, a solid understanding of risk management principles, and typically a degree in finance, business, or a related field. Familiarity with risk assessment software, data analysis tools like Excel or SQL, and relevant certifications such as FRM or CRM are commonly required. Excellent problem-solving abilities, attention to detail, and effective communication help you stand out in this role. These skills and qualities are essential for accurately identifying, assessing, and mitigating risks to support sound business decision-making.

What does a risk business analyst do?

A risk business analyst evaluates potential risks that could impact an organization’s operations, finances, or reputation. They analyze data, identify vulnerabilities, and develop strategies to mitigate or manage risks, often using tools like risk assessment frameworks and reporting software. Their work supports informed decision-making and helps ensure compliance with regulations.

Is risk analyst an entry level job?

A risk analyst role can be entry level or require several years of experience, depending on the organization. Entry-level risk analyst positions typically require a bachelor's degree in finance, economics, or a related field, and may involve basic data analysis skills and familiarity with risk management tools. Advancement often depends on gaining experience and developing specialized skills or certifications such as FRM or CRM.
What are popular job titles related to Business Risk Analyst jobs in Michigan? For Business Risk Analyst jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Business Risk Analyst jobs in Michigan look for? The top searched job categories for Business Risk Analyst jobs in Michigan are:
What are popular job titles related to Business Risk Analyst jobs in MI? For Business Risk Analyst jobs in MI, the most frequently searched job titles are:
Infographic showing various Business Risk Analyst job openings in Michigan as of July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 84% Full Time, 8% Part Time, 1% Temporary, and 5% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $78,512 per year, or $37.7 per hour.
Application Analyst

Full-time

Posted 6 days ago

New


Job description

Application Analyst - Risk Management & Insurance Platform

CommonSail Investment Group

Must reside in Michigan, Ohio, Indiana, or Illinois

Overview: The Application Analyst is responsible for the administration, support, optimization, and continuous improvement of the Origami enterprise risk management and insurance administration platform and related business applications. This role serves as a technical and functional resource, supporting daily operations, configuration, reporting, integrations, vendor management, user support, and enhancement initiatives. In addition to Origami, the position is expected to administer and support a broader portfolio of enterprise and departmental applications, helping ensure systems are reliable, secure, well-documented, integrated where appropriate, and aligned with evolving business needs.

Primary Responsibilities:

  • Administer, configure, maintain, and support the Origami risk management and insurance administration platform
  • Manage user accounts, security roles, workflows, forms, dashboards, and reporting.
  • Serve as the primary liaison between business stakeholders, vendors, and IT teams.
  • Troubleshoot application issues and coordinate resolution with vendors and internal teams.
  • Support policy administration, claims management, incident tracking, risk assessments, renewals, and compliance processes.
  • Develop and maintain reports, analytics, KPIs, and executive dashboards.
  • Participate in application upgrades, testing, releases, and change management activities.
  • Document system configurations, procedures, support processes, and technical specifications.
  • Assist with data imports, exports, integrations, and data quality initiatives.
  • Support application governance, security, audit, and compliance requirements.
  • Provide end-user training and ongoing support.
  • Administer additional enterprise, departmental, and SaaS applications, including configuration, user access, workflow setup, reporting, integrations, release coordination, and vendor support.
  • Partner with business owners to evaluate application needs, standardize administration practices, prioritize enhancements, and support adoption across multiple business functions.
  • Maintain application inventories, ownership documentation, support models, configuration records, and operational procedures for assigned platforms.
  • Support additional enterprise applications and technology initiatives as assigned.

Required Qualifications:

  • Bachelor’s degree in information technology, Computer Science, Business, Risk Management, or related field.
  • 3–7+ years of application administration experience.
  • Experience supporting Riskonnect, Origami Risk, Archer, or similar risk and insurance platforms.
  • Strong understanding of application administration, configuration, reporting, and workflow management.
  • Insurance and risk management knowledge preferred.
  • Experience with SQL, reporting tools, APIs, integrations, and data management.
  • Excellent troubleshooting, communication, and stakeholder management skills.
  • Experience administering multiple business applications or SaaS platforms across different functional areas.
  • Ability to learn new application platforms and technologies.

Preferred Qualifications:

  • Experience in insurance, healthcare, senior living, financial services, or regulated industries.
  • Experience with enterprise applications such as Salesforce, Microsoft 365, Docusign, etc.
  • Experience establishing consistent application administration practices, including access management, documentation, release coordination, issue tracking, and vendor escalation.
  • Knowledge of risk management, claims administration, policy management, compliance, and governance processes.
  • Experience supporting SaaS applications and vendor-managed platforms.

Core Competencies:

  • Application Administration & Support
  • Enterprise Application Portfolio Support
  • Business Process Analysis
  • Risk Management Technology
  • Reporting & Analytics
  • Vendor Management
  • Problem Solving & Troubleshooting
  • Project & Change Management
  • Application Governance & Operational Documentation
  • Customer Service & Communication

General Working Conditions: While performing the duties of this job, the employee is required to communicate effectively with others, sit, stand, walk, and use their hands to handle the keyboard, telephone, paper, files, and other equipment and objects. The employee is occasionally required to reach with hands and arms. This position requires the ability to review detailed documents and read computer screens. The employee will occasionally lift and/or move up to 25 pounds. The work environment requires appropriate interaction with others. The noise level in the work environment is moderate. Occasional travel to different locations may be required. Equal Opportunity Employer

#CSALL