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Credit Risk Jobs in Michigan (NOW HIRING)

mfcu

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 ...

Fifth Third

SAG Credit Analyst

Farmington Hills, MI

The Credit Analyst I is primarily responsible for partnering with Portfolio Managers, supporting ... Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns ...

Fifth Third Bank

SAG Credit Analyst

Kentwood, MI · On-site

The Credit Analyst I is primarily responsible for partnering with Portfolio Managers, supporting ... Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns ...

FIRST MERCHANTS

Credit Analyst I

Monroe, MI · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

Fifth Third

SAG Credit Analyst

Kentwood, MI

The Credit Analyst I is primarily responsible for partnering with Portfolio Managers, supporting ... Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns ...

Mercantile Bank

Commercial Credit Manager

Troy, MI

Oversee credit analysis and underwriting processes, while ensuring adherence to commercial credit policy, sound risk management, and compliance with approval processes, risk rating systems, and ...

Mercantile Bank

Commercial Credit Manager

Troy, MI · On-site

Oversee credit analysis and underwriting processes, while ensuring adherence to commercial credit policy, sound risk management, and compliance with approval processes, risk rating systems, and ...

Mercantile Bank

Commercial Credit Manager

Troy, MI

Oversee credit analysis and underwriting processes, while ensuring adherence to commercial credit policy, sound risk management, and compliance with approval processes, risk rating systems, and ...

Mercantile Bank

Commercial Credit Manager

Troy, MI · On-site

Oversee credit analysis and underwriting processes, while ensuring adherence to commercial credit policy, sound risk management, and compliance with approval processes, risk rating systems, and ...

First Merchant's Bank

Credit Analyst I

Monroe, MI · On-site

This position will perform credit analysis, underwriting and monitoring of the commercial loan ... Assign call codes, NAICS codes, risk grade and risk rating score data accurately. * Review ...

Bank of Ann Arbor

Credit Analyst II

Ann Arbor, MI · On-site

Risk Assessment Level: The Credit Analyst II underwrites primarily medium to large sized loans Requirements: * Bachelor Degree in Accounting, Finance or Economics is preferred. MBA or similar advance ...

Bank of Ann Arbor

Credit Analyst II

Ann Arbor, MI · On-site

Risk Assessment Level: The Credit Analyst II underwrites primarily medium to large sized loans Requirements * Bachelor Degree in Accounting, Finance or Economics is preferred. MBA or similar advance ...

Bank of Ann Arbor

Credit Analyst II

Ann Arbor, MI

Risk Assessment Level: The Credit Analyst II underwrites primarily medium to large sized loans Requirements * Bachelor Degree in Accounting, Finance or Economics is preferred. MBA or similar advance ...

Conveyance

Commercial Credit Manager

Troy, MI

$130K/yr

Analyze financial statements, assess risk, and make sound credit recommendations * Mentor, coach, and develop credit analysts and junior team members * Support team leadership initiatives and ...

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Credit Risk information

See Michigan salary details

$43.6K

$95.3K

$159.5K

How much do credit risk jobs pay per year?

As of May 30, 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 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 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 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.

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 May 2026, with employment types broken down into 95% Full Time, 3% Part Time, and 2% Contract. Highlights an 74% In-person, 16% Hybrid, and 10% Remote job distribution, with an average salary of $95,278 per year, or $45.8 per hour.

Commercial Lending Director I

mfcu

Midland, MI • On-site

Full-time

Posted 27 days ago

Job description

Are you experience in leadership and commercial lending with a background in portfolio management? 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 Lending Director I to build business relationships, developing a healthy loan pipeline, and delivering strategic, solution-oriented results.
We strive to create an atmosphere of belonging with no judgment, just opportunity. We are interconnected to each other, and when we embrace our true authentic selves, we are stronger. We will empower you to be the best version of yourself while helping you to flourish in work and life. Come join us to help create thriving communities!
COMMERCIAL LENDING DIRECTOR I
Grade 15/Exempt
Reports to: Chief Financial Officer
The primary purpose of this position is to assist Members First Credit Union to deliver on its mission, vision, and brand promise. You will do this by living out our core values in every service contact to both internal and external members. At the heart of our Employee Value Proposition lies the belief in purpose, belonging, and joy, fostering a culture where every team member feels invested and encouraged to make a meaningful impact in the lives of others.
Essential Duties
  • Through leadership, coaching, and development, create a positive, empowering environment for the Commercial Lending team to allow for goal success and professional development.
  • Responsible for ownership, goal attainment, and overall success of the Commercial Lending function.
  • Lead, build, and scale commercial lending and services in alignment with the Credit Union's strategic plan, risk appetite, and service promises.
  • Drive sustainable portfolio growth while maintaining strong asset quality, sound credit risk management, and regulatory compliance.
  • Develop and maintain strong business relationships that create a healthy loan pipeline and deepen member relationships.
  • Serve as a visible ambassador of the Credit Union within the business and community markets.
  • Ensure an exceptional member and team member experience across all commercial lending and servicing activities.
  • Develop a deep understanding of lending, deposit, and treasury management solutions offered internally or by a 3rd party partner.
  • Solutions driven leader, ensuring products align with membership and credit union needs and risk appetite.
  • Grow and maintain key 3rd party vendor relationships.
  • Monitor rates, pricing, and market conditions to ensure competitiveness and alignment with industry trends.
  • Be a Thought Leader in the general leadership of the organization by identifying opportunities to optimize efficiencies through people, process, and technology with simplicity and care.
  • Lead alignment of Commercial policies, procedures, services, products, and documentation to meet federal and state regulations. Ensure team training and compliance.
  • This role is an in-office position with the flexibility to travel as needed.
  • Successfully obtain Certified Credit Union Financial Counselor (CCUFC) designation through America's Credit Unions within the first year of service with M1.

Duties and Responsibilities
The following statements are intended to describe the general nature and level of work being performed by this position. It is not intended to be an exhaustive list of all duties, responsibilities and skills required of this position. Other duties may be assigned to meet business needs.
  • Own the overall performance, growth, and risk profile of the commercial loan portfolio.
  • Oversee underwriting quality, loan structuring, approvals, renewals, modifications, and ongoing credit monitoring.
  • Ensure timely completion of annual reviews, financial analysis, site visits, covenant monitoring, and risk rating updates.
  • Monitor portfolio trends, concentrations, DSCR, LTV, and other risk metrics; recommend data-driven strategies for long-term portfolio success.
  • Identify potential problem loans and lead appropriate risk mitigation strategies.
  • Proactively identify and recommend improvements to Senior Leadership regarding key operational, credit, and strategic issues affecting the Commercial Lending function.
  • Review and approve credit approval packages and present recommendations to Senior Leadership, Business Lending Committee, ALCO and prepare Board presentations as needed.
  • Prepare monthly portfolio and regulatory reports for the Board of Directors and respond to ad-hoc reporting requests as needed.
  • Develop and expand the commercial member base by deepening existing relationships and cultivating new business opportunities.
  • Lead the Commercial Relationship Manager and educate Branch Leaders to identify target markets, centers of influence, and growth opportunities.
  • Maintain an active presence in business, community, chamber, and professional organizations to generate awareness and leads.
  • Partner with Marketing to develop business-related materials, promotions, and a strong commercial presence on the Credit Union's website.
  • Ensure cross-sales of products and services to meet member needs and strengthen overall relationships.
  • Professionally resolve escalated member and non-member complaints.
  • Ensure effective coordination across lending, credit, operations, documentation, servicing teams, and 3rd party vendors.
  • Oversee commercial lending workflows, systems, and tools, including Sageworks and onboarding platforms.
  • Optimize existing technology and explore new technology to optimize the entire commercial relationship lifecycle.
  • Lead the launch and implementation of new commercial products and services.
  • Collaborate with other lines of business to strengthen referrals, cross-selling, and member experience.
  • Support internal and external audits, portfolio reviews, and regulatory examinations. Responsible for timely resolution of audit and exam findings.
  • Prepare and review portfolio reporting, risk metrics, and Board-level materials; support strategic, operational, and credit-related initiatives as assigned.
  • Serve as project support on various strategic, operational, and/or credit related initiatives
  • Recommend policies, procedures, and processes that lead to an environment of continuous improvement.
  • Prepare, implement, and monitor the departmental budget in alignment with the Credit Union's strategic and financial plans.
  • Strive to exceed credit union strategic and commercial department goals
  • Create and sustain a positive, empowering work environment that supports goal achievement, accountability, and professional development.
  • Promote and model the Credit Union's Employee Value Proposition (EVP), mission, and core values in daily leadership behaviors.
  • Provide leadership, coaching, training, and performance management for team members.
  • Establish clear goals, expectations, and accountability aligned with strategic objectives.
  • Mentor and develop team members to build bench strength, succession readiness, and long-term capability.
  • Ensure team knowledge of lending practices, documentation requirements, systems, and regulatory expectations; implement cross-training and succession planning as appropriate.
  • Maintain continuing education individually and as a team on state and federal regulations to support compliance and risk mitigation.
  • Write, update, and conduct performance summaries for department staff, including monthly development progress reviews.
  • Address performance concerns through timely coaching, documentation, and collaboration with leadership and Human Resources, recommending training, resources, or disciplinary action as appropriate.
  • Conduct performance summaries and development reviews to support growth, accountability, and engagement.
  • Provide training and orientation for new department employees. Emphasis should be placed on our culture, mission, core values, and employee value proposition from the beginning.
  • Other duties and projects as assigned.

Qualifications and Expectations
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the expectations of the person performing this job.
  • Strong knowledge of commercial lending terms, practices, and regulatory requirements.
  • Advanced financial analysis skills, including global cash flow analysis, DSCR, LTV, pricing, and risk rating systems.
  • Ability to balance growth objectives with disciplined credit risk management.
  • Strong leadership presence with the ability to coach, influence, and hold others accountable.
  • Excellent communication, relationship-building, and decision-making skills.
  • Strategic mindset with the ability to interpret short- and long-term impacts of lending strategies.
  • High level of integrity and commitment to member service and community impact.
  • Maintain thorough knowledge of the credit unions policies, procedures and regulatory requirements.
  • Effectively apply and maintain financial counseling concepts, gained through America's Credit Unions' Financial Counseling Certification Program (FiCEP), to promote financial well-being.

Physical Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Ability to move or transport up to 25 pounds.
  • Able to remain stationary for 2-4 hours at a time.

Work Environment
  • Must maintain a neat and orderly work area.
  • Routinely clean and disinfect work areas (i.e. teller stations, desk surfaces, phones, electronic equipment).
  • Protect the confidentiality of credit union staff and members by locking door or removing items from desk/workstation when away.

Education and Experience
  • Eight to ten years similar or related experience
  • Bachelor's degree in Business, Finance, Accounting, or a related field, or equivalent experience.
  • Extensive experience in commercial lending, credit analysis, and portfolio management.
  • Prior leadership experience managing and developing high-performing teams.
  • Demonstrated success in relationship-based business development.
  • Advanced proficiency in project management that is both demonstrable and trainable.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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