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Credit Risk Analyst Jobs in Detroit, MI (NOW HIRING)

ThyssenKrupp

Credit

Southfield, MI · On-site

$60K - $70K/yr

... Analyst is responsible for supporting credit operations, maintaining data accuracy, and driving effective receivables management. This role ensures proper customer setup, credit risk oversight, and ...

Carhartt

Sr. Manager, Credit

Dearborn, MI · Hybrid

This role blends strategic oversight with hands-on management of credit operations, analytics, customer risk assessment, and cross-functional partnership with Sales, FP&A, Legal, IT, Distribution and ...

Carhartt

Sr. Manager, Credit

Dearborn, MI · On-site

This role blends strategic oversight with hands-on management of credit operations, analytics, customer risk assessment, and cross-functional partnership with Sales, FP&A, Legal, IT, Distribution and ...

Bank of Ann Arbor

Credit Analyst II

Ann Arbor, MI · On-site

Risk Assessment Level: The Credit Analyst II underwrites primarily medium to large sized loans Requirements * Bachelor Degree in Accounting, Finance or Economics is preferred. MBA or similar advance ...

Bank of Ann Arbor

Credit Analyst II

Ann Arbor, MI · On-site

Risk Assessment Level: The Credit Analyst II underwrites primarily medium to large sized loans Requirements * Bachelor Degree in Accounting, Finance or Economics is preferred. MBA or similar advance ...

Ford Motor Company

Analytics Scientist

Dearborn, MI · On-site +1

$130K - $169K/yr

... credit risk management. 4. Utilizing Statistical and Machine Learning Model Development to support business decisions in credit risk analysis. We are offering a salary of $130,880.52 - $169,537.56/yr.

Yazaki

Co-Op, General Finance (Credit)

Canton, MI · Hybrid

Review the list of overdue accounts and analyze payment trend to Yazaki versus other suppliers based on credit tools used by YNA credit * Review Credit Risk Monitor portfolio and provide and updated ...

gpac

Commercial Credit Analyst

Detroit, MI · Hybrid

We're hiring a Commercial Credit Analyst to join a growing, high-performing commercial banking team ... Monitor existing portfolios, including tickler management, annual reviews, and risk rating updates.

Deloitte

Financial Risk Manager

Detroit, MI

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ... Hands-on ability to analyze/model data using common languages/tools (Python, R, SAS, SQL)

orsa credit union

avp/collections

Novi, MI · On-site

$103K/yr

Develop and maintain collection strategies by product type and risk segment; analyze performance ... Credit union or community bank experience.NCUA examination experience.Proven track record managing ...

Deloitte

Financial Risk Senior Consultant

Detroit, MI

$115K/yr

Strong analytical, critical thinking, and organizational skills * Enthusiasm for developing ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

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All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Detroit, MI

Credit Risk Analyst information

See Detroit, MI salary details

$33.9K

$104.2K

$180.7K

How much do credit risk analyst jobs pay per year?

As of Jun 17, 2026, the average yearly pay for credit risk analyst in Detroit, MI is $104,200.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,500.00 and $128,600.00 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 at Goldman Sachs is typically between $70,000 and $120,000 annually, depending on experience, location, and level of seniority. Compensation may also include bonuses and benefits, with higher salaries often associated with advanced certifications and specialized skills in risk assessment and financial analysis.

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 financial data and assessing creditworthiness, which involve judgment and interpretation that AI currently cannot fully replicate. While AI tools can automate data analysis and streamline processes, human analysts are still essential for complex decision-making and risk assessment. The role is evolving to include working alongside AI technologies to improve efficiency and accuracy.

How much do risk analysts get paid?

Risk analysts, including credit risk analysts, typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications like CFA or FRM can earn higher salaries and bonuses.

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 economic trends, often using specialized software, to assess risk levels and recommend credit limits or approval decisions. Their work helps financial institutions manage potential losses and ensure sound lending practices.
More about Credit Risk Analyst jobs
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What cities near Detroit, MI are hiring for Credit Risk Analyst jobs? Cities near Detroit, MI with the most Credit Risk Analyst job openings:
Credit Risk Analyst jobs near you

Credit Products Specialist II - Commercial Banking

Flagstar Bank

Livonia, MI

Full-time

Medical, Dental, Vision, Life

Posted 5 hours ago

Job description

Position Title

Credit Products Specialist II - Commercial Banking

Location

Sterling Heights, MI 48313

Job Summary

The Credit Products Specialist II - Commercial Banking plays a key role in structuring and underwriting complex commercial credit transactions while managing an assigned loan portfolio. This position is responsible for independently analyzing credit risk, negotiating loan terms, and providing strategic recommendations to relationship and credit teams. By proactively monitoring portfolio performance and identifying emerging risks, this role ensures sound credit decisions and long-term client success. The position also supports the professional development of junior team members by sharing expertise and best practices.

Job Responsibilities:

JOB RESPONSIBILITIES

  • Credit Structuring & Underwriting: Lead underwriting efforts for complex loan requests, assessing creditworthiness and recommending risk-mitigating structures.
  • Portfolio & Risk Management: Continuously monitor assigned portfolio to proactively identify credit risks, trends, and financial performance concerns.
  • Client & Stakeholder Engagement: Partner with RMs in negotiations and client discussions, ensuring alignment between client needs and risk appetite.
  • Credit Agreement Review: Collaborate with legal teams to review and negotiate credit agreements, ensuring compliance with bank policies and risk management frameworks.
  • Mentorship & Training: Provide guidance to junior credit professionals, enhancing team capabilities and fostering a strong credit culture. Identifies and raises to leadership improvement areas in credit processes and procedures
  • Uses independent judgement and discretion to make decisions regarding assigned portfolio
  • Analyzes and resolves problems pertaining to the assigned portfolio.

ADDITIONAL ACCOUNTABILITIES

  • Performs special projects, and additional duties and responsibilities as required.
  • Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

  • Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Accounting, Economics, or a related field or 10+ years of equivalent experience
  • Minimum experience required: 4+ Years in commercial credit analysis, underwriting, or portfolio management.
  • Advanced financial modeling and risk assessment expertise.
  • Strong negotiation skills and ability to collaborate with clients.
  • Experience structuring complex loan transactions.
  • Ability to analyze macroeconomic trends and their impact on credit risk.

Job Competencies:

  • Advanced Financial & Credit Analysis: Strong command of financial modeling, industry-specific credit risks, and structuring commercial credit transactions.
  • Risk Assessment & Decision-Making: Ability to proactively identify potential credit risks and recommend risk mitigation strategies.
  • Negotiation Skills: Works with RMs and clients to structure loan terms that align with both client needs and risk parameters.
  • Process & Portfolio Management: Manages complex portfolios, ensuring proactive monitoring and adherence to credit policies.
  • Stakeholder Influence: Builds strong relationships with internal and external partners, effectively communicating credit decisions.
  • Project Management: Ability to drive loan structuring and closing processes with minimal oversight.
  • Legal & Compliance Understanding: Familiarity with credit agreements, loan documentation, and regulatory requirements.
  • Technology & Data Utilization: Proficiency in financial analysis tools, CRM systems, and underwriting software.
  • Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
  • Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
  • Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information:Benefits | Flagstar Bank

Pay Range

$100,117.50 - $157,643.00

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