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Credit Risk Analyst Jobs in Michigan (NOW HIRING)

Staff Financial Group

Risk Analyst

Detroit, MI · Hybrid

$95K - $110K/yr

A growing auto finance company building out its credit risk team. What: Analyze and forecast repossessions, origination risks, servicing exposure, and overall credit performance. When: Newly created ...

dfb

Credit Analyst

Dearborn, MI

Do you have experience analyzing financial information, assessing credit risk, and making sound lending recommendations? As a Credit Analyst, you will evaluate loan requests and financial information ...

dfb

Credit Analyst

Dearborn, MI

Do you have experience analyzing financial information, assessing credit risk, and making sound lending recommendations? As a Credit Analyst, you will evaluate loan requests and financial information ...

Commercial Alliance

Senior Credit Analyst

Troy, MI

You will analyze financial data, evaluate risk factors, prepare credit memo write-ups, and provide recommendations regarding credit decisions. You will also review existing loans for financial ...

County National Bank

Credit Analyst II

Portage, MI · On-site

This role partners closely with commercial lenders to structure credit solutions, assess risk, and support portfolio management activities. The Analyst II demonstrates a strong understanding of ...

Bank Michigan

Credit Analyst II

Brooklyn, MI · Hybrid

Provides more in-depth analysis and is able to identify trends. Oversees, provides guidance ... Assists in the administration of the company's commercial loan portfolios, to include credit risk ...

Bank Michigan

Credit Analyst II

Brooklyn, MI · Hybrid

Provides more in-depth analysis and is able to identify trends. Oversees, provides guidance ... Assists in the administration of the company's commercial loan portfolios, to include credit risk ...

Bank Michigan

Credit Analyst II

Brooklyn, MI · On-site

$56K - $68K/yr

Provides more in-depth analysis and is able to identify trends. Oversees, provides guidance ... Assists in the administration of the company's commercial loan portfolios, to include credit risk ...

Bank Michigan

$56K - $68K/yr

Provides more in-depth analysis and is able to identify trends. Oversees, provides guidance ... Assists in the administration of the company's commercial loan portfolios, to include credit risk ...

County National Bank

Credit Analyst I

Jackson, MI · On-site

Familiarity with banking regulations and credit risk principles. Skills * Strong financial analysis ... and quantitative skills. * Ability to interpret financial statements and cash flow. * Attention to ...

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All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Michigan

Credit Risk Analyst information

See Michigan salary details

$32.2K

$99.3K

$172.1K

How much do credit risk analyst jobs pay per year?

As of Jul 19, 2026, the average yearly pay for credit risk analyst in Michigan is $99,258.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,900.00 and $122,500.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Credit Risk Analysts when assessing new clients or loan applications?

Credit Risk Analysts often encounter challenges such as limited financial data, rapidly changing market conditions, and the need to balance risk with business growth objectives. They must carefully analyze incomplete or inconsistent client information while ensuring compliance with regulatory requirements. Collaborating with relationship managers and other departments is essential to gather additional insights and make informed recommendations, making strong communication and analytical skills crucial in overcoming these challenges.

What does a Credit Risk Analyst do?

A Credit Risk Analyst assesses the creditworthiness of individuals or organizations by analyzing financial data, credit reports, and economic conditions. Their main goal is to determine the likelihood that a borrower will default on their financial obligations. They use statistical models, risk assessment tools, and industry knowledge to evaluate risk and help lenders make informed lending decisions. Credit Risk Analysts often prepare reports, recommend risk mitigation strategies, and monitor existing credit portfolios for potential risks.

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

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial principles, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and financial modeling systems is often required, along with relevant certifications like FRM or CFA being advantageous. Attention to detail, effective communication, and sound judgment are essential soft skills for presenting findings and collaborating with stakeholders. These competencies are crucial for accurately assessing creditworthiness, minimizing financial risk, and supporting informed lending decisions.

How much does a Credit Risk Analyst make?

The average salary for a Credit Risk Analyst is approximately $70,000 to $90,000 annually, depending on experience, location, and the company's size. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn higher compensation, often supplemented with bonuses and benefits.

What Does a Credit Risk Analyst Do?

A credit risk analyst evaluates the creditworthiness of individuals or businesses seeking loans or credit cards. As a credit risk analyst, you must be systematic and thorough in examining each applicant’s financial information to provide a recommendation of whether or not your employer should grant credit to the applicant. Essentially, you are evaluating the risk to reward ratio of each loan applicant. Your job duties include the analysis of credit scores and credit reports, payment history, bank statements, and other financial statements. Depending on the scope of your job, you may collect this information directly from clients and inform them if the institution can approve or deny their credit or loan application.

Will a credit analyst be replaced by AI?

Credit risk analysts perform tasks such as evaluating creditworthiness and analyzing financial data, which involve judgment and interpretation that AI currently cannot fully replicate. While AI tools can assist with data processing and risk modeling, human analysts are still essential for complex decision-making and nuanced assessments. The role is evolving to include managing AI outputs and maintaining oversight of automated systems.

Does credit risk pay well?

Credit risk analysts typically earn competitive salaries that vary by experience, location, and industry. Entry-level positions may start lower, but with experience and certifications like CFA or FRM, salaries can increase significantly, often reaching above the national average for financial roles.

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

AspectCredit Risk AnalystCredit Analyst
Primary FocusAssessing the risk of default on loans and credit productsEvaluating creditworthiness of individual or business applicants
Required CredentialsTypically a degree in finance, economics, or related field; certifications like CFA or credit-specific coursesSimilar credentials; often the same certifications or degrees
Work EnvironmentFinancial institutions, risk management departmentsBanks, lending institutions, credit departments
Industry UsageCommonly used in risk assessment and managementPrimarily in lending and credit evaluation

While both roles involve evaluating credit, a Credit Risk Analyst focuses on assessing the overall risk associated with credit portfolios, whereas a Credit Analyst evaluates individual credit applications. The roles often overlap in credentials and work environment, but their specific focus differs within the credit industry.

What do credit risk analysts do?

Credit risk analysts evaluate the creditworthiness of individuals or organizations to determine the likelihood of default on loans or credit agreements. They analyze financial data, credit reports, and market conditions using tools like spreadsheets and credit scoring models to assess risk and support lending decisions.
More about Credit Risk Analyst jobs
What are the most commonly searched types of Credit Risk Analyst jobs in Michigan? The most popular types of Credit Risk Analyst jobs in Michigan are:
What are popular job titles related to Credit Risk Analyst jobs in Michigan? For Credit Risk Analyst jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Credit Risk Analyst jobs in Michigan look for? The top searched job categories for Credit Risk Analyst jobs in Michigan are:
What cities in Michigan are hiring for Credit Risk Analyst jobs? Cities in Michigan with the most Credit Risk Analyst job openings:
What are popular job titles related to Credit Risk Analyst jobs in MI? For Credit Risk Analyst jobs in MI, the most frequently searched job titles are:
Credit Risk Analyst jobs near you
Infographic showing various Credit 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 $99,258 per year, or $47.7 per hour.
Risk Analyst

Risk Analyst

Staff Financial Group

Detroit, MI • Hybrid

$95K - $110K/yr

Full-time

Re-posted 13 days ago

Job description

Risk Analyst – Detroit

Who: A growing auto finance company building out its credit risk team.
What: Analyze and forecast repossessions, origination risks, servicing exposure, and overall credit performance.
When: Newly created position due to organizational expansion.
Where: Targeting candidates in Detroit.
Why: Risk analytics are critical to portfolio health and informing lending strategy.
Office Environment: Hybrid model (up to 2 days in office if transitioned), not posted as remote.
Salary: $95,000–$110,000 base plus 5% discretionary bonus.