ZipRecruiter

Log In

1

Credit Risk Jobs in Michigan (NOW HIRING)

Ideal Clamp Products

Credit Manager

Auburn Hills, MI · On-site

This role manages credit risk, sets and reviews customer credit limits, and drives performance against key metrics including bad debt, receivables aging, days beyond terms, and DSO. Primary ...

Deloitte

Financial Risk Manager

Detroit, MI

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

Adventure Credit Union

Senior Loan Underwriter

Lansing, MI

$88K - $104K/yr

This position evaluates member loan requests, manages credit risk, and provides guidance to staff to ensure responsible lending practices that support members' financial well-being. Positively ...

DRiV

Insurance Risk Manager

Southfield, MI · Hybrid

Partner with Treasury on financial risk management initiatives, including counterparty credit risk, banking risk assessments, and treasury operational risk. * Support Treasury governance initiatives ...

Adventure Credit Union

Senior Loan Underwriter

Lansing, MI · On-site

$88K - $104K/yr

This position evaluates member loan requests, manages credit risk, and provides guidance to staff to ensure responsible lending practices that support members' financial well-being. Positively ...

DRiV

Insurance Risk Manager

Southfield, MI · On-site

$110 - $145/hr

Partner with Treasury on financial risk management initiatives, including counterparty credit risk, banking risk assessments, and treasury operational risk. * Support Treasury governance initiatives ...

New

Adventure Credit Union

Senior Loan Underwriter

Lansing, MI · On-site

$88K - $104K/yr

This position evaluates member loan requests, manages credit risk, and provides guidance to staff to ensure responsible lending practices that support members' financial well-being. Positively ...

previous pagenext page

Showing results 21-40

All JobsCredit Risk JobsCredit Risk Jobs in Michigan

Credit Risk information

See Michigan salary details

$43.6K

$95.3K

$159.5K

How much do credit risk jobs pay per year?

As of Aug 22, 2026, the average yearly pay for credit risk in Michigan is $95,278.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,400.00 and $123,800.00 per year, depending on experience, location, and employer.

What is credit risk and what does a credit risk professional do?

Credit risk refers to the possibility that a borrower or counterparty will fail to meet their financial obligations, such as repaying a loan or making payments on time. Credit risk professionals analyze financial data, assess the creditworthiness of individuals or companies, and help set lending policies to minimize potential losses for banks or financial institutions. They use various models and tools to evaluate risk, monitor existing loans, and recommend strategies to mitigate exposure. Their work is essential for maintaining the financial health and stability of lending organizations.

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 statements, and a background in finance, economics, or a related field, often supported by a relevant degree or certification (such as FRM or CFA). Familiarity with risk assessment tools, financial modeling software, and credit rating systems is typically required. Attention to detail, critical thinking, and effective communication are essential soft skills for interpreting data and presenting risk assessments to stakeholders. These skills and qualities are crucial for making informed decisions that minimize financial losses and ensure sound lending practices.

What are some typical challenges faced by professionals in credit risk roles, and how can they be addressed?

Credit risk professionals often encounter challenges such as assessing the creditworthiness of new and existing clients, keeping up with rapidly changing market conditions, and managing large volumes of data to make informed decisions. To address these, it's important to stay updated on industry trends, develop strong analytical and communication skills, and leverage advanced risk assessment tools. Collaborating closely with colleagues in underwriting, sales, and compliance teams also helps ensure well-rounded risk evaluations and consistent application of policies.

What is the difference between Credit Risk vs Credit Analyst?

AspectCredit RiskCredit Analyst
Primary FocusAssessing the likelihood of borrower default to manage overall credit riskAnalyzing credit data to determine creditworthiness of individual applicants
Work EnvironmentRisk management teams, financial institutions, credit departmentsBanking, lending institutions, financial services
Required CredentialsOften requires risk management certifications, finance degreesFinance or accounting degrees, certifications like CFA or credit-specific courses

While both roles involve understanding credit, Credit Risk focuses on managing the overall risk exposure of an organization, whereas a Credit Analyst evaluates individual credit applications to determine approval. Both roles are essential in the lending process but differ in scope and responsibilities.

Do you need a degree to be a credit risk analyst?

A degree is often preferred for credit risk analyst positions, with many employers seeking candidates with a bachelor's degree in finance, economics, or related fields. However, some roles may accept relevant work experience or certifications like the Financial Risk Manager (FRM) in lieu of a degree. Strong analytical skills and knowledge of credit analysis tools are also important for this role.

How to start a career in credit risk?

To start a career in credit risk, obtain a bachelor's degree in finance, economics, or a related field, and develop strong analytical and quantitative skills. Gaining experience through internships or entry-level roles in banking, finance, or risk management helps build relevant expertise, and earning certifications like the Financial Risk Manager (FRM) can enhance job prospects.

What is the average salary of a credit risk analyst?

The average salary of a credit risk analyst typically ranges from $60,000 to $85,000 per year, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.

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 jobs in Michigan?

For Credit Risk jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Credit Risk jobs in Michigan look for?

The top searched job categories for Credit Risk jobs in Michigan are:

What cities in Michigan are hiring for Credit Risk jobs?

Cities in Michigan with the most Credit Risk job openings:

Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Michigan as of August 2026, with employment types broken down into 79% Full Time, 17% Part Time, 2% Temporary, 1% Contract, and 1% Nights. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $95,278 per year, or $45.8 per hour.

Chief Credit Officer - Southwest Michigan

ThinkingAhead

Kalamazoo, MI • On-site

$195K - $235K/yr

Full-time

Posted 8 days ago

Job description

Chief Credit Officer (CCO)Southwest Michigan | Hybrid | $195,000-$235,000 Base Salary
A financially strong and growing community bank in Southwest Michigan is seeking a strategic CCO to join its Executive Leadership Team.
This is an opportunity for an accomplished credit executive to shape enterprise-wide credit strategy, partner directly with the CEO and Board of Directors, and influence the future growth of a well-respected banking institution. The successful candidate will oversee all aspects of credit risk management, portfolio administration, asset quality, and underwriting across both commercial and retail lending.
The Bank is committed to responsible growth, strong asset quality, and relationship-driven banking. The Chief Credit Officer will play a key role in balancing growth objectives with prudent risk management while maintaining a strong credit culture throughout the organization.
Position Overview
The Chief Credit Officer serves as the Bank's senior credit executive and is responsible for the overall quality and performance of the loan portfolio. This individual provides leadership and oversight for credit administration, loan review, portfolio management, policy development, regulatory compliance, and problem loan management.
The CCO partners closely with executive leadership, lending teams, and the Board of Directors to support sound lending practices and sustainable growth.
Key Responsibilities
  • Lead the Bank's commercial and retail credit functions.
  • Oversee portfolio quality, risk grading, concentrations, policy exceptions, and asset quality trends.
  • Develop and maintain credit policies, underwriting standards, and credit administration practices.
  • Chair the Loan Committee and provide recommendations on significant credit relationships.
  • Direct the independent loan review process and oversee regulatory examination activities.
  • Lead problem loan identification, workout strategies, and criticized asset management.
  • Present portfolio performance, credit trends, and risk assessments to Executive Management and the Board.
  • Partner with commercial lending leadership to support profitable growth consistent with the Bank's risk appetite.
  • Monitor economic and market conditions and assess potential impacts on credit strategy.
  • Build, mentor, and develop a high-performing credit team.

Leadership Responsibilities
Direct oversight of:
  • Commercial Credit Manager
  • Loan Portfolio Manager
  • Commercial Processor Supervisor
  • Mortgage Underwriting Supervisor

QualificationsRequired
  • Bachelor's degree in Finance, Accounting, Business Administration, or related discipline.
  • 10+ years of progressive commercial credit, credit administration, and lending experience.
  • Demonstrated leadership experience managing credit teams and portfolio risk.
  • Strong understanding of regulatory expectations, underwriting practices, loan review, and portfolio management.
  • Excellent communication and executive presentation skills.

Preferred
  • Current or previous Chief Credit Officer, Senior Credit Officer, or equivalent executive-level credit leadership experience.
  • MBA, Graduate School of Banking, or other advanced banking education.
  • Experience within a community or regional banking environment.

Compensation & Benefits
  • Base Salary: $195,000-$235,000
  • Hybrid work arrangement
  • Comprehensive executive benefits package
  • Significant interaction with Executive Leadership and Board of Directors
  • Opportunity to influence strategic direction and long-term growth

Ideal Candidate
This role is well-suited for a seasoned Senior Credit Officer, Chief Credit Officer, or senior credit executive seeking a broader leadership platform and the opportunity to make a meaningful impact within a growing community banking organization.
Confidential inquiries are welcome
Cancel
Create for me

Apply