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Credit Risk Jobs in Detroit, MI (NOW HIRING)

Bank of America

Credit Officer II

Rochester Hills, MI · On-site

Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications * Leads ongoing monitoring efforts for a portfolio of clients in compliance with ...

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 · 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 ...

Bank of America

Credit Officer II

Pontiac, MI · On-site

Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications * Leads ongoing monitoring efforts for a portfolio of clients in compliance with ...

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 ...

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 ...

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 ...

Bank of Ann Arbor

Credit Analyst I

Ann Arbor, MI · On-site

Description As a Credit Analyst I, you'll play a high-impact role in driving smart lending ... Prepare written risk analysis of commercial loan applications * Ensure compliance with all Bank ...

Conveyance

Commercial Credit Manager

Troy, MI · On-site

Ensure adherence to credit policy, risk management standards, and regulatory expectations * Support recruiting, onboarding, and training efforts for analysts and interns * Partner with leadership to ...

gpac

Commercial Credit Analyst

Detroit, MI · Hybrid

Monitor existing portfolios, including tickler management, annual reviews, and risk rating updates. * Evaluate collateral adequacy and structure deals in accordance with credit policy. * Collaborate ...

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All JobsCredit Risk JobsCredit Risk Jobs in Detroit, MI

Credit Risk information

See Detroit, MI salary details

$45.8K

$100K

$167.4K

How much do credit risk jobs pay per year?

As of Jun 17, 2026, the average yearly pay for credit risk in Detroit, MI is $100,021.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,600.00 and $129,900.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills within financial institutions or large corporations.

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 is the salary of Credit Risk Analyst?

The average salary for a Credit Risk Analyst at JP Morgan typically ranges from $70,000 to $100,000 annually, depending on experience, location, and education. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn higher compensation, often supplemented with bonuses and benefits.

Will a credit analyst be replaced by AI?

Credit analysts evaluate financial data and assess credit risk, a role that involves complex judgment and interpretation. While AI tools can automate data analysis and streamline processes, human expertise remains essential for nuanced decision-making and understanding context, making full replacement unlikely in the near term.

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 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 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 as a job?

A credit risk professional assesses the likelihood that borrowers will default on their loans or credit obligations. They analyze financial data, credit reports, and economic factors to help organizations manage potential losses and make informed lending decisions, often using risk modeling tools and adhering to regulatory standards.
What are the most commonly searched types of Credit Risk jobs in Detroit, MI? The most popular types of Credit Risk jobs in Detroit, MI are:
What are popular job titles related to Credit Risk jobs in Detroit, MI? For Credit Risk jobs in Detroit, MI, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in Detroit, MI look for? The top searched job categories for Credit Risk jobs in Detroit, MI are:
Credit Risk jobs near you

Credit Officer II

Bank of America

Rochester Hills, MI • On-site

Full-time

PTO

Posted 6 days ago

Job description

Job Description:
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
A Credit Officer II covers a portfolio of asset-based lending clients, with responsibility for delivering credit solutions and managing risk. Bank of America's Asset Based Finance ("ABF") group provides asset-based loans to clients in the Global Commercial and Global Corporate and Investment Banks, partnering closely with relationship management and product partners. Typical focus is syndicated and sole lender facilities ranging in size from $20 million to up to $5 billion.
The role will be client-facing, with primary responsibilities including analyzing client trends to identify opportunities and manage risk and growing funded loans and credit revenue. Additional responsibilities would include pitching credit opportunities, reviewing and negotiating legal documentation, and overseeing the work of junior associates, including analysis of financial performance and preparation of approval documents.
The target candidate would be expected to handle more complex client relationships, as well as take a leadership role in managing bank groups and relationships with legal counsel, financial advisors, and financial sponsors. Some travel would be required to meet with clients.
Responsibilities:
  • Partners with relationship management and product partners to assess clients' credit needs and create solutions
  • Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners
  • Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications
  • Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedure
  • Drives the growth of funded loans and revenue while mitigating risks, maintaining asset quality and adhering to regulatory requirements
  • Serves as an escalation point for complex credit transactions
  • Mentors and supports associates
  • Manages a portfolio of asset-based structured loans in the general industries space.
  • Proactively identifies credit solutions and opportunities to grow funded loans and spreads.
  • Actively monitors financial and collateral trends and recommends appropriate action.
  • Review requests for loan modifications
  • Analyzes financial performance, negotiates credit terms, drafts proposals, reviews and negotiates loan documents, and oversees preparation of recommendations for approval.
  • Participates in building client relationships.
  • Handles both performing credits as well as distressed/turnaround credits, including managing accounts through restructuring and bankruptcy processes

Required Qualifications:
  • 10+ years' experience in asset-based lending, commercial banking, or private credit
  • Sound understanding of credit, transaction structuring, and financial and collateral analysis
  • Detailed understanding of legal documentation
  • Ability to draft concise, accurate and clear credit approvals with minimal oversight.

Desired Qualifications:
  • Bachelor's or Master's degree or equivalent experience preferred
  • Formal Credit Training
  • Experience with bankruptcy and restructuring matters

Skills:
  • Business Acumen
  • Coaching
  • Decision Making
  • Hiring and Onboarding
  • Loan Structuring
  • Collaboration
  • Credit Documentation Requirements
  • Oral Communications
  • Risk Management
  • Written Communications
  • Change Management
  • Client Solutions Advisory
  • Executive Presence
  • Organizational Effectiveness
  • Underwriting
  • Attention to Detail
  • Client Management
  • Decision Making
  • Underwriting
  • Credit Documentation Requirements
  • Critical Thinking

Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)
Pay and benefits information
Pay range
$119,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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