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Financial Engineer Jobs in Michigan (NOW HIRING)

Financial Analyst

Ann Arbor, MI · On-site

$90K/yr

RESPONSIBILITIES of the Financial Analyst * Support role in month end close, monthly financial ... Engineering, IT and Administrative talent in the industry today. #VFSE

Senior Financial Analyst 3+ Years Are you ready to contribute to the financial success of a dynamic ... Engineering, and IT talent in the industry today.

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Financial Engineer information

See Michigan salary details

$66.2K

$96.6K

$118.5K

How much do financial engineer jobs pay per year?

As of Jun 14, 2026, the average yearly pay for financial engineer in Michigan is $96,583.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $108,500.00 per year, depending on experience, location, and employer.

What is the difference between Financial Engineer vs Quantitative Analyst?

AspectFinancial EngineerQuantitative Analyst
Required CredentialsDegree in finance, mathematics, or engineering; often CFA or FRM certificationsDegree in finance, mathematics, or statistics; often CFA or FRM certifications
Work EnvironmentFinancial institutions, hedge funds, investment banksAsset management firms, hedge funds, investment banks
Job FocusDeveloping complex financial models, derivatives pricing, risk managementData analysis, model development, trading strategies
Common UsageDesigning financial products and strategiesAnalyzing data to inform trading decisions

Financial Engineers and Quantitative Analysts share similar educational backgrounds and certifications, often working in similar environments like investment banks and hedge funds. While Financial Engineers focus on creating complex financial models and derivatives, Quantitative Analysts primarily analyze data to support trading strategies. Both roles require strong quantitative skills and contribute to financial innovation and risk management.

What Engineers make $500,000?

Senior financial engineers, quantitative analysts, and risk managers in finance often earn $500,000 or more annually, especially with bonuses and profit-sharing. These roles typically require advanced skills in mathematics, programming, and financial modeling, along with extensive experience and often professional certifications like CFA or FRM.

What Engineers make $300,000 a year?

Senior financial engineers, especially those working in quantitative finance, hedge funds, or investment banks, can earn $300,000 or more annually through base salary, bonuses, and profit sharing. High-level roles often require advanced skills in mathematics, programming, and financial modeling, along with extensive experience and sometimes professional certifications like CFA or FRM.

What are some common challenges Financial Engineers face when developing quantitative models, and how can they address them?

Financial Engineers often encounter challenges such as ensuring model accuracy, dealing with incomplete or noisy data, and adapting models to rapidly changing market conditions. Addressing these issues typically requires strong collaboration with data scientists, risk managers, and traders to validate assumptions and stress-test models under various scenarios. Staying current with industry trends and regulatory requirements also helps Financial Engineers maintain robust, compliant solutions that add value to their organizations.

What are the key skills and qualifications needed to thrive as a Financial Engineer, and why are they important?

To thrive as a Financial Engineer, you need a strong background in mathematics, statistics, finance, and programming, typically supported by a degree in quantitative fields such as finance, mathematics, engineering, or computer science. Familiarity with technical tools like Python, R, MATLAB, financial modeling software, and sometimes certifications like CFA or FRM is highly valued. Exceptional problem-solving, analytical thinking, and the ability to communicate complex concepts clearly are vital soft skills. These skills and qualifications are crucial for designing innovative financial models, managing risks, and enabling data-driven decision-making in complex financial environments.

Do Goldman Sachs hire Engineers?

Goldman Sachs hires engineers, including financial engineers, software engineers, and quantitative analysts, to develop trading algorithms, risk models, and financial software. Candidates typically need strong technical skills, programming experience, and relevant finance knowledge. The firm offers roles in technology and finance departments with competitive hiring standards.

What is the work of a financial engineer?

A financial engineer develops mathematical models and uses quantitative techniques to analyze and manage financial risks, design financial products, and optimize investment strategies. They often work with programming tools like Python or R and require strong skills in mathematics, finance, and computer science. Their work supports trading, risk management, and financial decision-making in financial institutions.

What Is a Financial Engineer?

A financial engineer, also called a computational engineer, advises clients on investment strategies and risk management based on quantitative analysis of their portfolio and the atmosphere in the stock market. As a financial engineer, your job duties include analyzing the stock market to predict how stocks will perform, building models of trends in the stock market based on market history, and make recommendations on how to manage their portfolio.

What is a Financial Engineer?

A Financial Engineer is a professional who applies mathematical techniques, computational tools, and financial theory to solve complex problems in finance. They are often involved in designing financial products, developing risk management strategies, and building quantitative models for pricing, trading, and portfolio management. Financial Engineers typically work for banks, investment firms, or financial technology companies, and their expertise is essential for managing financial risks and innovating new financial instruments.
What are the most commonly searched types of Financial Engineer jobs in Michigan? The most popular types of Financial Engineer jobs in Michigan are:
What cities in Michigan are hiring for Financial Engineer jobs? Cities in Michigan with the most Financial Engineer job openings:

Sr Applied AI Engineer-Finance

Kion Group AG

Grand Rapids, MI

$113K - $174K/yr

Other

Posted yesterday


Job description

Dematic is standing up a Finance AI enablement team to drive adoption, build, and roll out AI and sophisticated analytics use cases across the global function.
As the Applied AI / Machine Learning Engineer, you will play a hands-on role crafting, developing, deploying, and operating AI and ML solutions tailored to Finance use cases such as financial planning, predictive analysis, irregularity identification, and management reporting.
This role is ideal for someone who can build production-ready models, translate business problems into AI solutions, and operate optimally in an environment that is early in its AI maturity with limited existing technical infrastructure.
The position will partner closely with Finance team members, IT (Dematic & parent co.), and other enterprise AI initiatives to ensure solutions are scalable, auditable, and aligned with standards.
We offer:

  • Career Development
  • Competitive Compensation and Benefits
  • Pay Transparency
  • Global Opportunities
Learn More Here: https://www.dematic.com/en-us/about/careers/what-we-offer
Dematic provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
The base pay range for this role is estimated to be $113,625 - $174,225 at the time of posting. Final compensation will be determined by various factors such as work location, education, experience, knowledge, and skills.
Tasks and Qualifications:
What you will do in this role:
AI / ML Solution Development
  • Design, develop, and deploy machine learning models and AI solutions tailored to Finance use cases (e.g., forecasting, planning, variance analysis, anomaly and risk detection).
  • Build and maintain ML models for financial planning, forecasting, trend analysis, and anomaly detection across large, structured datasets.
  • Develop LLM-powered tools to support financial analysis, commentary generation, summarization, and scripted insights for Finance users.
  • Translate Finance requirements into data pipelines, feature engineering, model architecture, and deployment approaches.
Model Validation & Governance
  • Conduct model validation, back-testing, and performance evaluation to ensure accuracy, robustness, and business relevance.
  • Evaluate model performance over time and diagnose issues related to data quality, concept drift, and changing business conditions.
  • Implement appropriate controls, explain-ability, and documentation to support Finance governance, audit, and compliance requirements.
  • Document model assumptions, methodologies, limitations, and change history for audit and risk review.
ML Ops & Deployment
  • Implement MLOps standard methodologies, including model versioning and lifecycle management, drift detection and performance monitoring, retraining schedules and automated pipelines, and reproducibility and rollback procedures.
  • Partner with IT to deploy models into enterprise environments (cloud, Salesforce, SAP, Snowflake, proprietary tools, etc.).
  • Ensure AI solutions are secure, scalable, and maintainable within enterprise standards.
Collaboration & Enablement
  • Collaborate with Finance, IT, data teams, and other AI workstreams to promote consistent standards, tooling, and patterns across the organization.
  • Serve as a technical thought partner to Finance leaders, helping shape the AI roadmap and identify high-value use cases.
  • Help educate Finance partners on AI capabilities, limitations, and responsible usage.
  • Contribute to establishing foundational AI practices for a growing Finance AI team.
What we are looking for:
  • Bachelor's degree in Computer Science, Data Science, Engineering, Applied Mathematics, Finance, or a related field.
  • 4-7+ years of proven experience in machine learning, data science, or applied AI with hands-on production deployment experience.
  • Strong experience building ML models using Python and common libraries (e.g., pandas, scikit-learn, PyTorch, TensorFlow).
  • Experience developing or integrating LLM-based solutions (prompt engineering, embeddings, retrieval-augmented generation, summarization).
  • Proven understanding of time-series forecasting, anomaly detection, regression, and classification techniques.
  • Experience with model validation, back-testing, performance monitoring, and explain-ability.
  • Practical experience implementing MLOps concepts (CI/CD for models, monitoring, version control).
  • Ability to work in a low-maturity AI environment, creating structure where little exists.
  • Strong communication skills with the ability to explain technical concepts to Finance and business audiences.

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