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Credit Risk Jobs in Michigan (NOW HIRING)

State Street

$130K - $220K/yr

Perform other tasks as assigned to support the Boston-based Front Office Market and Credit Risk team. The Vice President will operate in a dynamic, fast-paced environment during the design ...

New

Zeal Credit Union

Risk Management Specialist

Livonia, MI · On-site

Summary The primary purpose of this position is to assist the credit union in achieving its service ... The Risk Management Specialist works within the Risk Management department and is responsible for ...

Socket.dev

Senior Fraud Risk Manager

Detroit, MI · On-site

$67 - $140/hr

Ensure all fraud prevention and verification activities comply with regulatory and internal policy requirements Minimum Qualifications * 6 years of experience in fraud prevention, credit risk ...

Zeal Credit Union

Risk Management Specialist

Livonia, MI · On-site

Summary The primary purpose of this position is to assist the credit union in achieving its service ... The Risk Management Specialist works within the Risk Management department and is responsible for ...

Ford Motor Company

Analytics Scientist

Dearborn, MI

$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.

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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.

Consumer Loan Underwriter

Public Service Credit Union

Romulus, MI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago

Job description

Description:

Public Service Credit Union is seeking a detail-oriented and member-focused Consumer Loan Underwriter to join our lending team. This position is responsible for evaluating consumer loan applications, analyzing credit risk, and making sound lending decisions in accordance with established policies, procedures, and regulatory requirements.


The Consumer Loan Underwriter plays a critical role in balancing the responsible extension of credit with exceptional member service while supporting PSCU's mission of improving members' financial well-being.


Essential Duties and Responsibilities:

  • Review and underwrite consumer loan applications including auto loans, personal loans, home equities, and lines of credit.
  • Analyze credit reports, income documentation, debt-to-income ratios, loan-to-value ratios, and overall financial profiles.
  • Make lending decisions within assigned authority levels or recommend decisions to senior underwriters or managers when required.
  • Ensure compliance with internal policies, regulatory requirements (e.g., BSA, Fair Lending, ECOA, TILA), and secondary lending guidelines if applicable.
  • Communicate loan decisions clearly and effectively to internal staff and occasionally to members, offering alternative solutions when appropriate.
  • Collaborate with Branch staff to gather required documentation and provide guidance on loan structures.
  • Maintain accurate loan records and documentation in the loan origination system (LOS).
  • Support training and mentoring as needed.
  • Participate in quality reviews, audits, and process improvement initiatives.
  • Performs other duties as assigned.


Requirements:

Education and Experience:

  • High school diploma or GED.
  • 1+ year of experience in a financial institution
  • Consumer lending or underwriting experience preferred.

Other Requirements:

  • Knowledge of lending regulations and compliance requirements.
  • Ability to analyze financial information and assess credit risk.
  • Strong attention to detail, organization and decision-making skills.
  • Excellent verbal and written communication skills.
  • Proficiency with Microsoft 365 applications, including Outlook, Word, Excel, Teams, and SharePoint.
  • Ability to manage multiple priorities in a fast-paced environment.
  • Demonstrated integrity, professionalism, and strong work ethic.
  • Ability to work independently and as part of a team.
  • Commitment to providing exceptional service and supporting PSCU's culture and values.

What we offer

  • Competitive wages
  • Career Growth / Robust Training Program
  • Work Life Balance
  • Top quality health insurance (Full Time)
  • Paid Time Off (accrued and available for use immediately)
  • Paid holidays
  • Banking hours / Closed on Sunday’s
  • Tuition Reimbursement
  • Employer Provided Retirement Benefits
  • 401(K) Plan
  • Dental & Vision Insurance (Full Time)
  • Short & Long-Term Disability (Full Time)
  • Life Insurance (Full Time)

Why join us? At PSCU, we are dedicated to our mission of educating, equipping, and empowering both our team and the communities we serve. By joining us, you’ll be part of a culture that listens to your ideas, supports your growth, elevates and celebrates your achievements, cares for your well-being, and serves with purpose. Together, we create a meaningful impact, and we invite you to be a part of our journey!


To apply, please complete the online application and submit an up-to-date resume.


Apply