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Credit Risk Salary 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 ... Salary: $95,000-$110,000 base plus 5% discretionary bonus.

Commercial Alliance

Senior Credit Analyst

Troy, MI

You will analyze financial data, evaluate risk factors, prepare credit memo write-ups, and provide ... As a member of our team, you'll benefit from a competitive salary and comprehensive benefits ...

ThinkingAhead

Chief Credit Officer

Kalamazoo, MI · Hybrid

$195K - $235K/yr

Chief Credit Officer (CCO) Southwest Michigan | Hybrid | $195,000-$235,000 Base Salary A ... The successful candidate will oversee all aspects of credit risk management, portfolio ...

ThinkingAhead

Chief Credit Officer

Kalamazoo, MI · On-site

$195K - $235K/yr

Chief Credit Officer (CCO) Southwest Michigan | Hybrid | $195,000-$235,000 Base Salary A ... The successful candidate will oversee all aspects of credit risk management, portfolio ...

Ford Motor Company

Analytics Scientist

Dearborn, MI · On-site +1

$130K - $169K/yr

... in credit risk analysis. We are offering a salary of $130,880.52 - $169,537.56/yr. You may not check every box, or your experience may look a little different from what we've outlined, but if you ...

Fifth Third Bank

Commercial Credit Analyst

Detroit, MI · On-site

The Credit Analyst is knowledgeable on financial and risk analysis and demonstrates proficiency in ... The base salary for this position is reflective of the range of salary levels for all roles within ...

Fifth Third

Commercial Credit Analyst

Detroit, MI · On-site

The Credit Analyst is knowledgeable on financial and risk analysis and demonstrates proficiency in ... The base salary for this position is reflective of the range of salary levels for all roles within ...

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Credit Risk Salary information

What is the average salary for a credit risk analyst?

The average salary for a credit risk analyst varies depending on experience, location, and industry. In the United States, entry-level credit risk analysts typically earn between $55,000 and $75,000 per year, while those with several years of experience or advanced certifications can earn upwards of $90,000 to $120,000 annually. Senior credit risk professionals and managers may earn even higher salaries, especially in major financial centers. Compensation can also include bonuses and benefits, depending on the employer.

What are the typical challenges faced by professionals working in credit risk analysis roles?

Professionals in credit risk analysis often encounter challenges such as evaluating complex financial information under tight deadlines, keeping up with evolving regulatory requirements, and adapting to rapidly changing market conditions. They must balance the need for thorough risk assessment with the demands for quick decision-making from stakeholders. Collaboration with other departments, such as sales and compliance, is common and requires strong communication skills to ensure accurate risk profiling and alignment with company policies.

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

AspectCredit Risk SalaryCredit Analyst Salary
Required CredentialsBachelor's degree, certifications like CFA or FRM often preferredBachelor's degree, certifications like CFA or similar advantageous
Work EnvironmentRisk management teams within banks, financial institutionsCredit departments, lending teams in banks and financial firms
Employer & Industry UsageUsed in risk assessment roles across finance sectorsCommonly used in credit evaluation and lending processes

Both roles involve financial analysis and require similar credentials, but Credit Risk Salary pertains to broader risk management positions, while Credit Analyst Salary focuses specifically on credit evaluation and lending decisions within financial institutions.

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. Proficiency with risk modeling tools, data analysis software such as Excel, SAS, or SQL, and familiarity with credit rating systems are important technical requirements. Attention to detail, problem-solving abilities, and effective communication are standout soft skills in this role. These competencies are crucial for accurately assessing creditworthiness, mitigating financial risk, and supporting informed lending decisions.
What are popular job titles related to Credit Risk Salary jobs in Michigan? For Credit Risk Salary jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Credit Risk Salary jobs in Michigan look for? The top searched job categories for Credit Risk Salary jobs in Michigan are:
What cities in Michigan are hiring for Credit Risk Salary jobs? Cities in Michigan with the most Credit Risk Salary job openings:
Credit Risk Salary jobs near you

Risk Analyst

Staff Financial Group

Detroit, MI • Hybrid

$95K - $110K/yr

Full-time

Re-posted yesterday

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.