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Collateral Manager Jobs in Michigan (NOW HIRING)

FIRST MERCHANTS

Relationship Manager IV

Royal Oak, MI · On-site

First Merchants Bank is seeking a Relationship Manager IV. This position will effectively carry out ... Ensure current credit and financial information is obtained as needed and/or that collateral is ...

City of Dearborn

BRANDING & DESIGN STRATEGIST

Dearborn, MI · On-site

$80 - $100/hr

... collateral. Manage the design process to ensure that products meet the specifications of web, social media, and other distribution channels in a timely and efficient fashion. Organize and retain all ...

Camp Dearborn

BRANDING & DESIGN STRATEGIST

Dearborn, MI · On-site

$69K/yr

... collateral. Manage the design process to ensure that products meet the specifications of web, social media, and other distribution channels in a timely and efficient fashion. Organize and retain all ...

Socket.dev

Relationship Manager IV - DRAFT

Royal Oak, MI · On-site

$100 - $125/hr

First Merchants Bank is seeking a Relationship Manager IV. This position will effectively carry out ... Ensure current credit and financial information is obtained as needed and/or that collateral is ...

Fifth Third

CRE Portfolio Manager II

Grand Rapids, MI · On-site

The Portfolio Manager IIis responsible formanaging a portfolio of commercial loansand underwriting ... Responsibilities include covenant structuring and analysis, collateral evaluation, risk rating ...

MRC Industries

Case Manager

Kalamazoo, MI · On-site

$55K - $64K/yr

Case Manager Department: BridgeWays Job Classification: Exempt Reports To: Clinical Director Pay ... Maintain collateral contacts and relationships with others important in the client's life. * Half ...

MRC Industries

Case Manager

Kalamazoo, MI · On-site

$55K - $64K/yr

Case Manager Department: BridgeWaysJob Classification: Exempt Reports To: Clinical Director Pay ... Maintain collateral contacts and relationships with others important in the client's life. Half day ...

MRC Industries

Case Manager

Kalamazoo, MI · On-site

$55K - $64K/yr

Case Manager Department: BridgeWays Job Classification: Exempt Reports To: Clinical Director Pay ... Maintain collateral contacts and relationships with others important in the client's life. * Half ...

ClifyX

IAM Analyst (Java)

Detroit, MI · On-site

Interact with the user / customer / first level management. Qualifications : Required : • ... collateral creation and formulating recommendations. • Support pre-sales and create marketing ...

Marquee Arts

Graphic Design Manager

Ann Arbor, MI

$50K - $55K/yr

Create high-quality posters, advertisements, print collateral, digital assets, signage, merchandise ... Manage multiple design projects simultaneously from concept through final delivery while meeting ...

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Showing results 21-40

All JobsCollateral JobsCollateral Manager JobsCollateral Manager Jobs in Michigan

Collateral Manager information

See Michigan salary details

$24K

$71.2K

$119.8K

How much do collateral manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for collateral manager in Michigan is $71,189.00, according to ZipRecruiter salary data. Most workers in this role earn between $43,600.00 and $101,500.00 per year, depending on experience, location, and employer.

What does a collateral manager do?

A Collateral Manager is responsible for overseeing the management, monitoring, and optimization of collateral used in financial transactions, such as loans, derivatives, and securities lending. Their main duties include ensuring that sufficient collateral is available to mitigate credit risk, managing margin calls, and ensuring compliance with regulatory requirements. They also work closely with trading, risk, and operations teams to ensure the smooth and efficient handling of collateral across various transactions.

What are some common challenges faced by collateral managers and how can they be effectively managed?

Collateral Managers often encounter challenges such as managing tight deadlines, ensuring accurate valuation of assets, and keeping up with regulatory changes. Effective organization and strong attention to detail are essential to handle daily reconciliations and exception management. Collaborating closely with trading desks, risk teams, and external counterparties helps resolve discrepancies quickly and maintain compliance. Continuous professional development and staying updated on industry regulations also play a key role in overcoming these challenges.

What are the key skills and qualifications needed to thrive as a collateral manager, and why are they important?

To thrive as a Collateral Manager, you need strong analytical skills, attention to detail, and a solid understanding of financial markets and risk management, usually backed by a degree in finance, economics, or a related field. Familiarity with collateral management systems, settlement platforms, and regulatory tools such as TriOptima or AcadiaSoft, as well as relevant certifications like CFA or FRM, is often required. Excellent communication, organizational skills, and the ability to work under pressure are valuable soft skills in this role. These competencies ensure effective risk mitigation, regulatory compliance, and smooth operations in managing collateral for financial transactions.

What is the difference between Collateral Manager vs Credit Analyst?

AspectCollateral ManagerCredit Analyst
Primary RoleManages and monitors collateral assets to mitigate risk in lendingAssesses creditworthiness of borrowers and analyzes financial data
Required CredentialsTypically requires finance, banking, or related certifications; experience in asset managementOften requires finance, accounting, or related certifications; strong analytical skills
Work EnvironmentFinancial institutions, banks, asset management firmsBanks, lending institutions, credit agencies
Industry UsageCommonly used in lending, asset-backed securities, and risk managementUsed in credit risk assessment, loan approval, and financial analysis

The main difference is that Collateral Managers focus on managing collateral assets to reduce risk, while Credit Analysts evaluate the creditworthiness of borrowers. Both roles require financial expertise and are integral to lending and risk management in financial institutions.

What are the most commonly searched types of Collateral jobs in Michigan?

The most popular types of Collateral jobs in Michigan are:

What are popular job titles related to Collateral Manager jobs in Michigan?

For Collateral Manager jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Collateral Manager jobs in Michigan look for?

The top searched job categories for Collateral Manager jobs in Michigan are:

What cities in Michigan are hiring for Collateral Manager jobs?

Cities in Michigan with the most Collateral Manager job openings:

Collateral Manager jobs near you
Infographic showing various Collateral Manager job openings in Michigan as of August 2026, with employment types broken down into 82% Full Time, 13% Part Time, 2% Temporary, 2% Contract, and 1% Nights. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $71,189 per year, or $34.2 per hour.

Relationship Manager IV

Royal Oak, MI • On-site

FIRST MERCHANTS
Finance and Insurance • 1 - 5K employees
Learn more about FIRST MERCHANTSexternal

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 6 days ago

First Merchants Bank rating

7.8

Company rating: 7.8 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

90th of 176 rated banks

Job description

First Merchants Bank is seeking a Relationship Manager IV. This position will effectively carry out the Commercial Sales and Relationship Management process by growing market share, broadening revenue mix, retaining customers and managing portfolios.

As part of this role, you will: 

  • Implement an aggressive sales and marketing strategy to develop new and existing relationships.
  • Identify and develop prospects into significant new relationships with yearly goals for income production.
  • Aggressive sales call plan which aligns with established goals.
  • Cross sell opportunities.
  • Ensure bank reporting tool is utilized for reporting progress.
  • Provide exceptional customer service; be responsive, knowledgeable and exceed customer expectations.
  • Continually monitor current loans and customer’s credit profile to ensure complete conformity with terms.
    • Ensure current credit and financial information is obtained as needed and/or that collateral is adequate.
    • Review financials with customers and provide expert advice as necessary.
    • Direct accountability for loss prevention; determine necessary action to be taken on all loans, includes resolving marginal and delinquent loans.
    • Remain cognizant of developing trends.
  • Extend credit within assigned limits to commercial customers.
    • Interview applicants and obtain information concerning their business needs, abilities and earnings, and assess credit risk.
    • Obtain and analyze pertinent financial data or appraise the adequacy of collateral pledged.
    • Review, validate and/or approve letters of credit.
  • Support employee development and training, counsel, motivate, coach, mentor and provide leadership.
  • Position may supervise others while retaining direct production goals.

To be successful in this position, we require the following: 

  • Bachelor’s degree in business or related field OR associate degree/two (2) years of college + two (2) years of related work/military experience OR four (4) years of related work/military experience (plus any additional required experience list below).
  • A minimum of ten (10) years of commercial banking experience.

First Merchants offers the following:

  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!

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