Portfolio Manager
Grand Rapids, MI · On-site
Partner with Commercial Bankers to underwrite, structure, and monitor commercial credit relationships in alignment with Bank risk appetite * Manage and monitor the ongoing credit quality of an ...
Portfolio Manager
Grand Rapids, MI · On-site
Partner with Commercial Bankers to underwrite, structure, and monitor commercial credit relationships in alignment with Bank risk appetite * Manage and monitor the ongoing credit quality of an ...
Partner with Commercial Bankers to underwrite, structure, and monitor commercial credit relationships in alignment with Bank risk appetite * Manage and monitor the ongoing credit quality of an ...
Partner with Commercial Bankers to underwrite, structure, and monitor commercial credit relationships in alignment with Bank risk appetite * Manage and monitor the ongoing credit quality of an ...
Analytics Scientist
Dearborn, MI · On-site +1
$130.88K - $169.54K/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.
Analytics Scientist
Dearborn, MI · On-site +1
$130.88K - $169.54K/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.
At Honor Credit Union, we've been putting members first since 1934. Our team remains true to our ... Oversees reporting and metrics for enterprise-level risk management functions, including third ...
At Honor Credit Union, we've been putting members first since 1934. Our team remains true to our ... Oversees reporting and metrics for enterprise-level risk management functions, including third ...
Commercial Lending Director I
Midland, MI · On-site
Do you have a proven ability to drive sustainable portfolio growth while maintaining strong credit risk management, asset quality, and compliance? Members First Credit Union is seeking a Commercial ...
Commercial Lending Director I
Midland, MI · On-site
Do you have a proven ability to drive sustainable portfolio growth while maintaining strong credit risk management, asset quality, and compliance? Members First Credit Union is seeking a Commercial ...
Senior Credit / Portfolio Manager Position Overview: A well-established, relationship-driven ... Analyze financial statements, assess risk, and make sound credit recommendations * Mentor, coach ...
Senior Credit / Portfolio Manager Position Overview: A well-established, relationship-driven ... Analyze financial statements, assess risk, and make sound credit recommendations * Mentor, coach ...
Credit Analyst
$150/day
Degree in business, accounting, agriculture business management or related field is preferred. * Deep understanding of credit analysis underwriting, risk assessment and financial modeling on larger ...
Credit Analyst
$150/day
Degree in business, accounting, agriculture business management or related field is preferred. * Deep understanding of credit analysis underwriting, risk assessment and financial modeling on larger ...
Portfolio & Risk Management * Follow effective risk management practices to mitigate credit risk and maintain the quality of the loan portfolio. * Work effectively with underwriting team to conduct ...
Portfolio & Risk Management * Follow effective risk management practices to mitigate credit risk and maintain the quality of the loan portfolio. * Work effectively with underwriting team to conduct ...
Portfolio & Risk Management * Follow effective risk management practices to mitigate credit risk and maintain the quality of the loan portfolio. * Work effectively with underwriting team to conduct ...
Portfolio & Risk Management * Follow effective risk management practices to mitigate credit risk and maintain the quality of the loan portfolio. * Work effectively with underwriting team to conduct ...
Credit Analyst
Grand Rapids, MI · On-site
$150/day
Degree in business, accounting, agriculture business management or related field is preferred. * Deep understanding of credit analysis underwriting, risk assessment and financial modeling on larger ...
Credit Analyst
Grand Rapids, MI · On-site
$150/day
Degree in business, accounting, agriculture business management or related field is preferred. * Deep understanding of credit analysis underwriting, risk assessment and financial modeling on larger ...
VP of Risk
Novi, MI · On-site
Vice President of Risk As the Vice President of Risk, you will provide enterprise‑wide leadership over risk management functions that protect the Credit Union's members, assets, and reputation.
VP of Risk
Novi, MI · On-site
Vice President of Risk As the Vice President of Risk, you will provide enterprise‑wide leadership over risk management functions that protect the Credit Union's members, assets, and reputation.
Credit Risk & Portfolio Management * Partner with credit to ensure annual reviews and line of credit renewals are completed on a timely basis, for individual and team member portfolios. Ensure risk ...
Credit Risk & Portfolio Management * Partner with credit to ensure annual reviews and line of credit renewals are completed on a timely basis, for individual and team member portfolios. Ensure risk ...
Senior Collections Specialist
Kalamazoo, MI · On-site +1
$26 - $31/hr
Strong knowledge of collections strategies, aging analysis, and credit risk management * Proven ability to negotiate payment plans and resolve disputes effectively * Experience with ERP systems and ...
Quick apply
Senior Collections Specialist
Kalamazoo, MI · On-site +1
$26 - $31/hr
Strong knowledge of collections strategies, aging analysis, and credit risk management * Proven ability to negotiate payment plans and resolve disputes effectively * Experience with ERP systems and ...
Senior Collections Specialist
Kalamazoo, MI · On-site +1
$26 - $31/hr
Strong knowledge of collections strategies, aging analysis, and credit risk management * Proven ability to negotiate payment plans and resolve disputes effectively * Experience with ERP systems and ...
Quick apply
Senior Collections Specialist
Kalamazoo, MI · On-site +1
$26 - $31/hr
Strong knowledge of collections strategies, aging analysis, and credit risk management * Proven ability to negotiate payment plans and resolve disputes effectively * Experience with ERP systems and ...
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Manages risk/return and drives quality for new and/or existing clients. Actively identifies and mitigates different types of risk, such as regulatory, reputational, operational and credit risks.
Credit Risk Manager information
See Michigan salary details
$75.4K - $87.5K
8% of jobs
$87.5K - $99.6K
6% of jobs
$99.6K - $111.8K
7% of jobs
$115.1K is the 25th percentile. Wages below this are outliers.
$111.8K - $123.9K
11% of jobs
The median wage is $131.3K / yr.
$123.9K - $136K
27% of jobs
$136K - $148.1K
13% of jobs
$149.9K is the 75th percentile. Wages above this are outliers.
$148.1K - $160.3K
15% of jobs
$160.3K - $172.4K
4% of jobs
$172.4K - $184.5K
4% of jobs
$184.5K - $196.6K
0% of jobs
$196.6K - $208.7K
4% of jobs
$75.4K
$138K
$208.7K
How much do credit risk manager jobs pay per year?
As of May 30, 2026, the average yearly pay for credit risk manager in Michigan is $137,984.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,400.00 and $154,700.00 per year, depending on experience, location, and employer.
What Does a Credit Risk Manager Do?
A credit risk manager analyzes credit risk for banks and similar financial institutions. In this role, it’s your job to develop better credit risk policies and procedures to alleviate losses and maintain capital. Additional duties involve examining data, building financial models, creating performance reports, ensuring regulatory compliance, and formulating credit policy. This career requires at least a bachelor’s degree in business administration or a related field. Other important qualifications include excellent analytical, communication, and research skills. Most employers typically prefer candidates who have previous risk management experience.
What are the key skills and qualifications needed to thrive as a Credit Risk Manager, and why are they important?
To thrive as a Credit Risk Manager, you need strong analytical abilities, deep knowledge of financial principles, and typically a degree in finance, accounting, or a related field. Familiarity with risk modeling software, credit scoring systems, and regulatory frameworks such as Basel III is essential. Strong communication, decision-making, and stakeholder management skills set outstanding professionals apart in this field. These skills are crucial for accurately assessing creditworthiness, minimizing financial losses, and ensuring regulatory compliance within financial institutions.
How does a Credit Risk Manager typically collaborate with other departments to assess and mitigate risk?
A Credit Risk Manager frequently works with teams across the organization, such as underwriting, finance, and compliance, to assess borrower creditworthiness and ensure adherence to risk policies. Collaboration often involves developing risk models, reviewing loan portfolios, and communicating risk exposures to senior management. Working closely with these departments enables comprehensive risk assessments and the implementation of effective mitigation strategies. This cross-functional approach fosters a proactive risk culture and ensures that credit decisions align with both regulatory requirements and business objectives.
What are Credit Risk Managers?
Credit Risk Managers are professionals responsible for assessing and managing the risk of financial losses that may arise from borrowers failing to repay loans or meet contractual obligations. They analyze financial data, credit reports, and market trends to determine the creditworthiness of individuals or businesses. Credit Risk Managers also develop policies and strategies to minimize potential losses and ensure compliance with regulatory standards. Their role is critical in maintaining the financial health and stability of banks, lending institutions, and other organizations involved in credit.
Does credit risk pay well?
Credit risk managers typically earn competitive salaries that vary based on experience, location, and industry. They often receive additional benefits and may need certifications such as CFA or FRM, with higher salaries generally associated with senior roles and specialized skills.
What is the difference between Credit Risk Manager vs Credit Analyst?
| Aspect | Credit Risk Manager | Credit Analyst |
|---|---|---|
| Credentials | Bachelor's degree, often certifications like CFA or credit risk certifications | Bachelor's degree, finance or related field, sometimes certifications like CFA |
| Work Environment | Oversees risk policies, manages teams, strategic planning | Analyzes credit data, assesses borrower risk, prepares reports |
| Industry Usage | Used in banking, financial services, lending institutions | Common in banks, credit agencies, financial firms |
The Credit Risk Manager focuses on overseeing and managing the overall credit risk policies and teams, while the Credit Analyst conducts detailed credit assessments of individual borrowers. Both roles require similar credentials and are integral to credit decision processes, but they differ in scope and responsibilities.
More about Credit Risk Manager jobs
What are the most commonly searched types of Credit Risk jobs in Michigan? The most popular types of Credit Risk jobs in Michigan are:
What are popular job titles related to Credit Risk Manager jobs in Michigan? For Credit Risk Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Credit Risk Manager jobs in Michigan look for? The top searched job categories for Credit Risk Manager jobs in Michigan are:
What cities in Michigan are hiring for Credit Risk Manager jobs? Cities in Michigan with the most Credit Risk Manager job openings:
Full-time
Life, Retirement, PTO
Posted 11 days ago
Job description
Mercantile Bank was built by Commercial Bankers to support strong, sustainable Commercial Lending. We are seeking a full-time Portfolio Manager to join our Commercial Credit team at our corporate office in Grand Rapids, MI. This role offers the opportunity to apply commercial credit expertise while partnering closely with Commercial Bankers to support local businesses and drive responsible growth.
In this position, you will play a critical role in underwriting, monitoring, and managing a commercial loan portfolio while helping maintain a strong credit culture. You will work in a collaborative, high-performance environment where sound judgment, customer focus, and leadership are essential. Your work will directly support entrepreneurs and business owners in Southeast Michigan while contributing to the strength of the communities we serve.
Core Responsibilities:
Why Mercantile Bank?
Mercantile Bank was founded by entrepreneurs who believed building strong relationships and communities is accomplished through collaboration and innovation. It's more than being a financial institution, it's being a trusted ally and community partner. As Michigan's largest community bank, our roots are deeply embedded in the diverse communities we serve. Our commitment to our customers and community is at the core of all we do.
As an employee of Mercantile Bank, you will receive competitive compensation, bonus opportunities, and best-in-class benefit options. With a minimum of 3 weeks' vacation, sick time, 11 paid holidays, generous 401k match of 5%, company paid life insurance, tuition reimbursement, IVF and adoption assistance, zero-interest loans for fitness equipment and business attire, discounted bank services, employee stock purchase plan, 529 savings plans, health savings accounts, flexible spending accounts, legal protection, exceptional training and development opportunities, and encouragement to connect with community through volunteer opportunities.
A Look into Your Day
As a Portfolio Manager at Mercantile Bank in Grand Rapids, Michigan, you will work closely with Commercial Bankers to support profitable growth while safeguarding credit quality. Daily responsibilities include analyzing new credit opportunities, preparing approval requests, and monitoring existing relationships to proactively identify risk and solutions.
You will collaborate with Bankers on structuring transactions that meet customer needs while protecting the Bank. You will also lead a team of Credit Analysts by assigning work, reviewing analysis, providing feedback, and supporting ongoing development and performance expectations.
Through customer interaction, internal collaboration, portfolio oversight, and team leadership, this role is essential to maintaining strong client relationships and disciplined credit practices.
What We're Looking For
Successful candidates bring deep commercial credit expertise, strong analytical skills, and sound judgment. Ideal candidates enjoy understanding how companies operate, assessing risk, and leading high performing teams. The role requires comfort working independently, presenting to credit committees, and managing others.
Attention to detail, strong written and verbal communication skills, and a commitment to compliance and customer service are critical for success.
Requirements:
Preferred Qualifications:
Apply today and join a team that values excellence, integrity, and thoughtful risk management while making a meaningful impact on local businesses!
In this position, you will play a critical role in underwriting, monitoring, and managing a commercial loan portfolio while helping maintain a strong credit culture. You will work in a collaborative, high-performance environment where sound judgment, customer focus, and leadership are essential. Your work will directly support entrepreneurs and business owners in Southeast Michigan while contributing to the strength of the communities we serve.
Core Responsibilities:
- Partner with Commercial Bankers to underwrite, structure, and monitor commercial credit relationships in alignment with Bank risk appetite
- Manage and monitor the ongoing credit quality of an assigned portfolio through review of financial performance, covenant compliance, loan maturities, etc.
- Supervise and coach Credit Analysts, including workload management, performance reviews, and professional development
Why Mercantile Bank?
Mercantile Bank was founded by entrepreneurs who believed building strong relationships and communities is accomplished through collaboration and innovation. It's more than being a financial institution, it's being a trusted ally and community partner. As Michigan's largest community bank, our roots are deeply embedded in the diverse communities we serve. Our commitment to our customers and community is at the core of all we do.
As an employee of Mercantile Bank, you will receive competitive compensation, bonus opportunities, and best-in-class benefit options. With a minimum of 3 weeks' vacation, sick time, 11 paid holidays, generous 401k match of 5%, company paid life insurance, tuition reimbursement, IVF and adoption assistance, zero-interest loans for fitness equipment and business attire, discounted bank services, employee stock purchase plan, 529 savings plans, health savings accounts, flexible spending accounts, legal protection, exceptional training and development opportunities, and encouragement to connect with community through volunteer opportunities.
A Look into Your Day
As a Portfolio Manager at Mercantile Bank in Grand Rapids, Michigan, you will work closely with Commercial Bankers to support profitable growth while safeguarding credit quality. Daily responsibilities include analyzing new credit opportunities, preparing approval requests, and monitoring existing relationships to proactively identify risk and solutions.
You will collaborate with Bankers on structuring transactions that meet customer needs while protecting the Bank. You will also lead a team of Credit Analysts by assigning work, reviewing analysis, providing feedback, and supporting ongoing development and performance expectations.
Through customer interaction, internal collaboration, portfolio oversight, and team leadership, this role is essential to maintaining strong client relationships and disciplined credit practices.
What We're Looking For
Successful candidates bring deep commercial credit expertise, strong analytical skills, and sound judgment. Ideal candidates enjoy understanding how companies operate, assessing risk, and leading high performing teams. The role requires comfort working independently, presenting to credit committees, and managing others.
Attention to detail, strong written and verbal communication skills, and a commitment to compliance and customer service are critical for success.
Requirements:
- Four to seven years of commercial banking experience with formal credit training
- Demonstrated underwriting expertise including complex commercial and industrial (C&I) credits
- Experience monitoring $100MM+ commercial loan portfolios and managing credit risk
- Bachelor's degree in finance, accounting, or a related field
Preferred Qualifications:
- Prior experience directly managing Credit Analysts or similar roles
Apply today and join a team that values excellence, integrity, and thoughtful risk management while making a meaningful impact on local businesses!