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Credit Risk Manager Jobs in Washington, MI (NOW HIRING)

Supporting the sales function while collecting cash and managing the financial risk associated with ... Performing customer credit reviews to determine creditworthiness and recommending/setting credit ...

Risk and Pipeline Management: Analyze the loan pipeline for interest rate risk and credit risk exposures. Track and report on fallout and pull-through rates, identifying trends and potential areas ...

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Credit Risk Manager information

See Washington, MI salary details

$80.2K

$146.8K

$222.1K

How much do credit risk manager jobs pay per year?

As of Aug 8, 2026, the average yearly pay for credit risk manager in Washington, MI is $146,812.00, according to ZipRecruiter salary data. Most workers in this role earn between $123,800.00 and $164,600.00 per year, depending on experience, location, and employer.

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 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 is a credit risk manager?

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.

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.

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

AspectCredit Risk ManagerCredit Analyst
CredentialsBachelor's degree, often certifications like CFA or credit risk certificationsBachelor's degree, finance or related field, sometimes certifications like CFA
Work EnvironmentOversees risk policies, manages teams, strategic planningAnalyzes credit data, assesses borrower risk, prepares reports
Industry UsageUsed in banking, financial services, lending institutionsCommon 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.

What cities near Washington, MI are hiring for Credit Risk Manager jobs? Cities near Washington, MI with the most Credit Risk Manager job openings:
Infographic showing various Credit Risk Manager job openings in Washington, MI as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 87% Physical, 2% Hybrid, and 11% Remote job distribution, with an average salary of $146,812 per year, or $70.6 per hour.

Lead Credit Specialist (Treasury)

Stellantis

Auburn Hills, MI • On-site

Other

Re-posted 16 days ago


Stellantis rating

7.5

Company rating: 7.5 out of 10

Based on 130 frontline employees who took The Breakroom Quiz

14th of 44 rated automakers


Job description

This position is responsible for:

  • Acting as the Accounts Receivable liaison working with dealers, their respective banks, the Business Centers, MOPAR, Legal,
    Incentives, Fleet, Logistics and various other non-dealer customers.
  • Supporting the sales function while collecting cash and managing the financial risk associated with selling goods and services.
  • Managing and monitoring the day-to-day cash collection processes for assigned "lines of business" (vehicles, MOPAR parts, supplier
    and dealer loans, etc.).
  • Investigating and resolving exceptions to standard cash collection processes and coordinating timely issue resolution with internal
    and external partners.
  • Performing customer credit reviews to determine creditworthiness and recommending/setting credit limits and payment terms in
    alignment with policy and risk appetite.
  • Reporting on the status of customer accounts (including past-due trends, key issues and action plans) and supporting
    monthly/periodic Credit Committee materials as needed.
  • Collaborates regularly with IT to enhance systems, resolve technical issues, and support continous process improvements.
  • Supporting customer-related activities such as buy/sells, terminations, finance holds, banking data updates, new customer set-up,
    deferred terms requests and payment plan options.
  • Accounts Receivable budgeting, forecasting, actuals, variance explanations, month-end ledger activity, audit requirements and SOX
    compliance

What You'll Learn

  • Understanding of the markets, brands, dealer network, production plan and logistics of vehicles.
  • Understanding of vehicle and MOPAR part sales processes and related A/R cycles.
  • Cash flow and financial statement analysis to assess customer credit-worthiness
  • Budgeting, forecasting, actuals/variance explanations / SOX compliance for assigned processes

Basic Qualifications:

  • Bachelor's degree or higher in Finance or Accounting or related
  • Minimum 8+ years of experience in Finance/Accounting (or minimum 7 years with MBA or Master's degree in Accounting or
    Finance)
  • Effective communication skills and ability to work cross-functionally with business partners and external parties
  • Strong systems background (SAP, Excel, Mainframe)

Preferred Qualifications:

  • MBA, CPA and/or CMA
  • Knowledge and understanding of financial statements
  • Effective problem solving and analytical skills
  • Prior Credit/Collections experience

This position is responsible for:

  • Acting as the Accounts Receivable liaison working with dealers, their respective banks, the Business Centers, MOPAR, Legal,
    Incentives, Fleet, Logistics and various other non-dealer customers.
  • Supporting the sales function while collecting cash and managing the financial risk associated with selling goods and services.
  • Managing and monitoring the day-to-day cash collection processes for assigned "lines of business" (vehicles, MOPAR parts, supplier
    and dealer loans, etc.).
  • Investigating and resolving exceptions to standard cash collection processes and coordinating timely issue resolution with internal
    and external partners.
  • Performing customer credit reviews to determine creditworthiness and recommending/setting credit limits and payment terms in
    alignment with policy and risk appetite.
  • Reporting on the status of customer accounts (including past-due trends, key issues and action plans) and supporting
    monthly/periodic Credit Committee materials as needed.
  • Collaborates regularly with IT to enhance systems, resolve technical issues, and support continous process improvements.
  • Supporting customer-related activities such as buy/sells, terminations, finance holds, banking data updates, new customer set-up,
    deferred terms requests and payment plan options.
  • Accounts Receivable budgeting, forecasting, actuals, variance explanations, month-end ledger activity, audit requirements and SOX
    compliance

What You'll Learn

  • Understanding of the markets, brands, dealer network, production plan and logistics of vehicles.
  • Understanding of vehicle and MOPAR part sales processes and related A/R cycles.
  • Cash flow and financial statement analysis to assess customer credit-worthiness
  • Budgeting, forecasting, actuals/variance explanations / SOX compliance for assigned processes

At Stellantis, we assess candidates based on qualifications, merit, and business needs. We welcome applications from all people without regard to sex, age, ethnicity, nationality, religion, sexual orientation, disability, or any characteristic protected by law. We believe that diverse teams reflect our identity as a global company, enabling us to better address the evolving needs of our customers and care for our future.

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