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Business Risk Manager Jobs in Michigan (NOW HIRING)

mfcu

Risk Manager I

Midland, MI · On-site +1

Promotes and strengthens an organization-wide risk-aware culture by integrating risk management principles into strategic planning, business operations, and decision-making processes. * Monitors the ...

Deloitte

Financial Risk Manager

Detroit, MI

Manage internal business development initiatives and sales opportunities, including the creation of ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Amrize

Risk Manager, Insurance Programs

Dundee, MI

Bachelor's degree (Risk Management, Finance or Business preferred) Required Work Experience: 7-10 years Preferred Training/Certifications: Associate in Risk Management Designation (ARM), Certified ...

Venteon

Senior Manager - Risk Management

Troy, MI · On-site

Bachelor s degree in Finance, Accounting, or a related discipline required; MBA or relevant ... Benefits of the Sr. Manager Financial Risk * Salary * Bonus * Full time position * Paid time off

Citizens

First Line Risk Sr Manager

Southfield, MI · Hybrid

$115K - $125K/yr

As the First Line Risk Senior Manager , you will represent the first line of defense and identify ... You will serve as a liaison, interfacing with business partners to drive meaningful reductions in ...

Citizens

First Line Risk Sr Manager

Southfield, MI · Hybrid

$115K - $125K/yr

As the First Line Risk Senior Manager , you will represent the first line of defense and identify ... You will serve as a liaison, interfacing with business partners to drive meaningful reductions in ...

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See Michigan salary details

$26.3K

$95.1K

$156.8K

How much do business risk manager jobs pay per year?

As of May 29, 2026, the average yearly pay for business risk manager in Michigan is $95,092.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,962.00 and $109,771.00 per year, depending on experience, location, and employer.

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

To thrive as a Business Risk Manager, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or a related field, often backed by a bachelor's degree or higher. Familiarity with risk management frameworks, regulatory compliance systems, and certifications like FRM (Financial Risk Manager) or CRM (Certified Risk Manager) is typically required. Exceptional communication, problem-solving, and stakeholder management skills help you effectively identify, mitigate, and communicate risks across an organization. These competencies are crucial for proactively managing threats, ensuring regulatory compliance, and supporting the long-term stability and success of the business.

How does a Business Risk Manager typically collaborate with other departments to address organizational risks?

As a Business Risk Manager, cross-functional collaboration is a key part of the role. You’ll regularly work with departments such as finance, compliance, operations, and IT to identify potential risks, assess their impact, and develop mitigation strategies. This often involves facilitating risk assessment workshops, sharing reports, and ensuring that risk controls are integrated into business processes. Effective communication and relationship-building skills are essential, as you’ll act as a bridge between senior management and operational teams to align risk management efforts with organizational goals.

What does a Business Risk Manager do?

A Business Risk Manager is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations, reputation, or profitability. They develop risk management strategies, create policies, and ensure compliance with regulations. Their work involves analyzing potential threats, advising senior management, and implementing controls to minimize risk exposure. By proactively managing risks, they help organizations achieve their objectives and maintain stability.

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

AspectBusiness Risk ManagerRisk Analyst
CredentialsCertifications like CRM, FRM, or CRC; bachelor's degree in business, finance, or related fieldCertifications such as FRM or CRM; bachelor's degree in finance, economics, or related field
Work EnvironmentStrategic planning, risk assessment, and policy development in corporate settingsData analysis, risk modeling, and reporting in finance or insurance firms
Employer & IndustryCorporations, financial institutions, insurance companiesFinancial services, consulting firms, insurance companies

The Business Risk Manager focuses on developing risk strategies and policies at a strategic level, while the Risk Analyst primarily conducts data analysis and risk assessments. Both roles require similar certifications and often work within the same industries, but their responsibilities differ in scope and focus.

What are popular job titles related to Business Risk Manager jobs in Michigan? For Business Risk Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Business Risk Manager jobs in Michigan look for? The top searched job categories for Business Risk Manager jobs in Michigan are:
What cities in Michigan are hiring for Business Risk Manager jobs? Cities in Michigan with the most Business Risk Manager job openings:
Business Risk Manager jobs near you

Risk Manager I

mfcu

Midland, MI • On-site, Remote

Full-time

Posted 29 days ago

Job description

Are you experienced in and passionate about Enterprise Risk Management? Do you thrive on analyzing, monitoring, and mitigating risk across an organization? Members First Credit Union is seeking a Risk Manager I that has potential for hybrid or remote work in Midland, Michigan. This role supports our teams, leaders, and Board while strengthening our enterprise risk management efforts Apply today!
We strive to create an atmosphere of belonging with no judgment, just opportunity. We are interconnected to each other, and when we embrace our true authentic selves, we are stronger. We will empower you to be the best version of yourself while helping you to flourish in work and life. Come join us to help create thriving communities!
Risk Manager I
Exempt
Reports to: VP of Risk Management
The primary purpose of this position is to assist Members First Credit Union to deliver on its mission, vision, and brand promise. You will do this by living out our core values in every service contact to both internal and external members. At the heart of our Employee Value Proposition lies the belief in purpose, belonging, and joy, fostering a culture where every team member feels invested and encouraged to make a meaningful impact in the lives of others.
Essential Duties
  • Oversees and administers the credit union's Enterprise Risk Management (ERM) and Compliance Risk Assessment framework, ensuring risks are systematically identified, assessed, monitored, and reported across all business functions.
  • Leads enterprise-wide and compliance risk assessments to evaluate inherent and residual risk, assess the adequacy and effectiveness of mitigating controls, and maintain risk inventories, key risk indicators (KRIs), and alignment with the credit union's risk appetite.
  • Provides independent risk oversight to support compliance with applicable laws and regulations, internal policies, and established risk tolerances, identifying emerging risks and material exposures that may impact safety, soundness, or strategic objectives.
  • Analyzes risk data and trends and delivers timely, clear, and actionable enterprise risk reporting to senior leadership and the Board, including overall risk profiles, risk trends, key indicators, and issues requiring escalation or decision-making, control effectiveness, and recommended mitigation strategies.
  • Promotes and strengthens an organization-wide risk-aware culture by integrating risk management principles into strategic planning, business operations, and decision-making processes.
  • Monitors the overall risk profile of the credit union, ensuring current and emerging risks are appropriately identified, measured, and managed within approved risk tolerance levels.
  • Provides timely, accurate, and actionable risk reporting to senior leadership and the Board of Directors, including enterprise risk profiles, risk trends, key indicators, and issues requiring escalation or decision-making.
  • Ensures alignment with regulatory requirements, internal policies, and the credit union's risk appetite, and proactively monitors regulatory developments, examiner guidance, and industry trends to assess and address emerging risks.
  • Oversees issue management and risk remediation efforts, including the timely escalation of significant risks or control deficiencies and monitoring the development and completion of corrective action plans by business unit owners.
  • Promotes and sustains a strong, organization-wide risk-aware culture, reinforcing accountability for risk management through leadership engagement, communication, and training initiatives.
  • This role may require travel for training and meetings as needed.
  • Successfully obtain Credit Union Enterprise Risk Certification (CUERC) designation through America's Credit Unions within first two years of service with M1
  • Successfully obtain Certified Credit Union Compliance Officer (CUCO) designation through America's Credit Unions within first year of service with M1
  • This role is a hybrid position with the expectation of 3 days in office but requires flexibility to change work locations as needed.
  • Successfully obtain Certified Credit Union Financial Counselor (CCUFC) designation through America's Credit Unions within first year of service with M1

Duties and Responsibilities
The following statements are intended to describe the general nature and level of work being performed by this position. It is not intended to be an exhaustive list of all duties, responsibilities and skills required for this position. Other duties may be assigned to meet business needs.
  • Executes and maintains enterprise and compliance risk assessments to support an accurate, current understanding of the credit union's overall risk profile.
  • Evaluates the design and operating effectiveness of enterprise-level and regulatory controls and assesses resulting residual risk.
  • Maintains and refines key risk indicators (KRIs), risk appetite statements, dashboards, and enterprise risk reports to support transparency, accountability, and informed decision-making.
  • Prepares and presents periodic risk reporting to senior management and the Board, including trends, emerging risks, and material control or compliance issues.
  • Ensures timely escalation of significant risks, control deficiencies, or regulatory matters to appropriate leadership and governance committees.
  • Partners with business line leadership to support strategic initiatives, remediation efforts, and the effective integration of risk management practices.
  • Monitors regulatory changes, industry trends, and emerging risks affecting credit unions and recommends adjustments to risk strategies and frameworks as needed.
  • Supports organizational change management by ensuring new or modified processes and controls are documented, assessed for risk impact, and incorporated into the enterprise risk profile.
  • Develops and delivers enterprise risk management training, tools, and awareness initiatives to strengthen risk understanding and accountability across the organization.

Qualifications and Expectations
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the expectations of the person performing this job.
  • Strive to exceed credit union, department and personal goals.
  • Works autonomously.
  • High level of analytical and problem-solving skills.
  • Manages projects successfully from start to finish.
  • Meet deadlines.
  • Excellent attention to detail.
  • Strong oral and written communication skills.
  • Ability to lead and manage multiple complex initiatives across diverse stakeholder groups.
  • Leadership in project management and change management initiatives.
  • Must be fully proficient the use of contemporary software, word processing, spreadsheet applications. Experience with Office 365, Ncontracts software suite, Arkalytics and Symitar preferred.
  • Ability to use PC, calculator, and other basic business machines.
  • Effectively apply and maintain financial counseling concepts, gained through America's Credit Unions' Financial Counseling Certification Program (FiCEP), to promote financial well-being.

Physical Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Ability to move, transport or lift, up to 50 pounds.
  • Able to remain stationary for 2-4 hours at a time.

Work Environment
  • Must maintain a neat and orderly work area.
  • Routinely clean and disinfect work areas (i.e. teller stations, desk surfaces, phones, electronic equipment).
  • Protect the confidentiality of credit union staff and members by locking door or removing items from desk/workstation when away.

Education and Experience
  • Bachelor's degree in business administration or related field.
  • 3-5 years of related experience in enterprise risk management, risk assessment development or regulatory compliance, preferably within a financial institution.
  • Knowledge of relevant regulations and industry standards.
  • Experience with developing risk assessments

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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