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Entry Level Credit Risk Analyst Jobs in Michigan

Keybank

Commercial Analyst

Southfield, MI · On-site

Bachelor's Degree in Business, Finance or a related field (required) Experience Qualifications * 2 years of commercial banking experience (e.g., credit structuring & analysis, sales functions, risk ...

KeyBank

Commercial Analyst

Southfield, MI · On-site

Bachelor's Degree in Business, Finance or a related field (required) Experience Qualifications * 2 years of commercial banking experience (e.g., credit structuring & analysis, sales functions, risk ...

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Entry Level Credit Risk Analyst information

See Michigan salary details

$32.2K

$99.3K

$172.1K

How much do entry level credit risk analyst jobs pay per year?

As of Jun 8, 2026, the average yearly pay for entry level credit risk analyst in Michigan is $99,258.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,900.00 and $122,500.00 per year, depending on experience, location, and employer.

What are the typical daily responsibilities of an Entry Level Credit Risk Analyst?

As an Entry Level Credit Risk Analyst, your daily tasks typically include gathering and analyzing financial data, evaluating the creditworthiness of loan applicants or counterparties, and preparing risk assessment reports. You'll often assist senior analysts in developing credit risk models and support the credit approval process by summarizing your findings for management review. Collaboration with colleagues in underwriting, portfolio management, and compliance is common, so you'll have the opportunity to learn from various teams. This role provides a solid foundation in risk analysis and offers significant exposure to financial and credit decision-making processes.

What are the key skills and qualifications needed to thrive in the Entry Level Credit Risk Analyst position, and why are they important?

To thrive as an Entry Level Credit Risk Analyst, you need strong analytical and quantitative abilities, a bachelor's degree in finance, economics, or a related field, and a keen attention to detail. Familiarity with Excel, financial modeling tools, and risk assessment software, as well as knowledge of databases and possibly SAS or Python, is often required. Excellent communication, time management, and problem-solving skills help you interpret data and present findings effectively. These skills ensure accurate risk evaluations, sound decision-making, and effective collaboration within credit risk teams.

What does an Entry Level Credit Risk Analyst do?

An Entry Level Credit Risk Analyst evaluates financial data to assess the creditworthiness of individuals or businesses. They analyze credit reports, financial statements, and payment histories to identify potential risks. Their role supports risk management strategies by helping companies make informed lending or investment decisions. Additionally, they may assist in maintaining risk models and ensuring compliance with internal policies and industry regulations. Strong analytical skills, attention to detail, and proficiency in financial tools are essential for success in this role.

What are the most commonly searched types of Credit Risk Analyst jobs in Michigan? The most popular types of Credit Risk Analyst jobs in Michigan are:
What are popular job titles related to Entry Level Credit Risk Analyst jobs in Michigan? For Entry Level Credit Risk Analyst jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Entry Level Credit Risk Analyst jobs in Michigan look for? The top searched job categories for Entry Level Credit Risk Analyst jobs in Michigan are:
What cities in Michigan are hiring for Entry Level Credit Risk Analyst jobs? Cities in Michigan with the most Entry Level Credit Risk Analyst job openings:
Entry Level Credit Risk Analyst jobs near you
Infographic showing various Entry Level Credit Risk Analyst job openings in Michigan as of May 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $99,258 per year, or $47.7 per hour.
Compliance/Fraud Analyst

Compliance/Fraud Analyst

Michigan Educational Credit Union

Plymouth, MI • On-site

Full-time

Posted 24 days ago

Job description

Compliance/Fraud Analyst
Michigan Educational Credit Union (MECU)
Department: Compliance / Fraud
Reports To: Director of Compliance/Fraud Operations
FLSA Status: Non-Exempt
Location: On-site/Hybrid (Hybrid status will be determined based upon need)
Position Summary
Michigan Educational Credit Union is seeking a motivated and detail-oriented Compliance/Fraud Analyst to support the credit union's compliance management program. This entry-level to early-career role assists with regulatory monitoring, policy and procedure reviews, audit preparation, compliance tracking, and operational support activities across the organization.
The Compliance/Fraud Analyst works closely with various departments to help ensure MECU operates in accordance with applicable laws, regulations, internal policies, and credit union procedures. This role is designed for someone looking to build a career in financial institution compliance, risk management, or audit.
Essential Duties and Responsibilities
Compliance Support
  • Assist with monitoring and tracking regulatory and compliance-related updates impacting the credit union.
  • Support ongoing compliance reviews and monitoring activities.
  • Help maintain compliance logs, tracking documents, and reporting records.
  • Assist with documenting findings, observations, and corrective action items.

Fraud Monitoring and Investigation
  • Monitor fraud alert queues, exception reports, and suspicious activity notifications generated through internal systems and third-party monitoring platforms.
  • Review alerts for unusual account activity, potential fraud indicators, suspicious transactions, account takeover concerns, or policy exceptions, escalating findings as appropriate.
  • Assist/Conduct investigations by gathering transaction details, account history, supporting documentation, and relevant system notes.

Policy & Procedure Assistance
  • Support updates and maintenance of compliance-related policies and procedures.
  • Review operational procedures for consistency with established guidelines and regulatory expectations.
  • Assist with organizing and maintaining compliance documentation.

Audit & Examination Support
  • Assist in gathering documentation for internal audits, external audits, and regulatory examinations.
  • Help track audit findings and remediation efforts.
  • Support follow-up activities related to corrective actions and open items.

Regulatory Research
  • Conduct basic research on regulations and guidance under supervision.
  • Assist with reviewing operational forms, disclosures, notices, and member-facing materials.
  • Support compliance reviews involving regulations such as:
    • Reg E
    • Reg CC
    • Reg DD
    • Reg Z
    • BSA/AML support functions
    • OFAC
    • Privacy requirements
    • NACHA operating rules as applicable

Reporting & Administrative Support
  • Reviews reports to ensure operational staff are maintaining compliance with applicable laws/regulations
  • Prepare/rev reports, spreadsheets, and documentation for management review.
  • Assist with compliance committee materials and meeting preparation.
  • Maintain organized electronic records and compliance files.

Training & Communication
  • Assist with employee compliance training assignments and tracking.
  • Help distribute compliance-related communications and updates.
  • Support department projects and awareness initiatives.

Cross-Department Collaboration
Work collaboratively with:
  • Branch Operations
  • Lending
  • Digital Services
  • Call Center
  • Fraud / BSA
  • Information Security
  • Accounting / Operations
  • Project Management

to support operational compliance and risk awareness.
Experience
Preferred:
  • 1-2 years of experience in banking, credit union operations, compliance, audit, risk management, or related administrative roles
  • Previous customer service or financial institution experience is a plus
  • Experience in credit union regulations and compliance practices is a plus

Knowledge, Skills, and Abilities
  • Strong attention to detail and organizational skills
  • Analytical and problem-solving abilities
  • Ability to maintain confidentiality
  • Strong written and verbal communication skills
  • Ability to learn and apply regulatory concepts
  • Ability to manage multiple assignments and deadlines
  • Proficiency in Microsoft Office products including Excel, Word, and Outlook
  • Willingness to learn credit union regulations and compliance practices
  • Ability to manage difficult discussions with credit union staff or members

Key Competencies
  • Dependability
  • Professionalism
  • Teamwork
  • Adaptability
  • Accountability
  • Initiative
  • Critical thinking
  • Member and service focus

Physical Requirements
  • Ability to remain seated and work at a computer for extended periods
  • Ability to communicate effectively in person, over the phone, and electronically
  • Ability to occasionally lift up to 15 pounds

Work Environment
  • Office environment with occasional interruptions and changing priorities
  • Potential hybrid flexibility based on departmental needs and performance
  • Regular interaction with multiple departments/members across the credit union

Career Development Opportunity
This position provides growth opportunities within compliance, risk management, fraud prevention, audit, and operational oversight functions at MECU. Ongoing training and professional development opportunities may be available to support career advancement within the organization.
Salary Information
Starting at $25.00 an hour, pay rate may vary based upon experience.

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