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Financial Engineering Jobs in Michigan (NOW HIRING)

... support financial analysis, commentary generation, summarization, and scripted insights for Finance users. * Translate Finance requirements into data pipelines, feature engineering, model ...

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

A bachelor's degree in Statistics, Mathematics, Engineering, Financial Engineering, Computer Science, Economics, or a related quantitative field, required by the start date. * Solid programming ...

A bachelor's degree in Statistics, Mathematics, Engineering, Financial Engineering, Computer Science, Economics, or a related quantitative field, required by the start date. * Solid programming ...

New

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.

Partner closely with Engineering, IT, and cross-functional teams to ensure accurate financial reporting, cost center alignment, and disciplined spend management * Evaluate financial performance by ...

Partner closely with Engineering, IT, and cross-functional teams to ensure accurate financial reporting, cost center alignment, and disciplined spend management * Evaluate financial performance by ...

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Financial Engineering information

See Michigan salary details

$66.2K

$96.6K

$118.5K

How much do financial engineering jobs pay per year?

As of Jun 14, 2026, the average yearly pay for financial engineering 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 happens if I default on my loans?

In financial engineering roles, defaulting on loans can lead to legal actions, damage to credit scores, and potential seizure of assets. Professionals in this field often analyze risk and develop strategies to mitigate such outcomes, emphasizing the importance of understanding loan agreements and repayment obligations.

What happens if I don't repay loans?

In financial engineering roles, failing to repay loans can lead to default, which may result in damage to credit scores, legal actions, and increased debt due to interest and penalties. It is essential to understand loan agreements and repayment obligations to avoid financial and professional consequences.

What is the difference between Financial Engineering vs Quantitative Analyst?

AspectFinancial EngineeringQuantitative Analyst
Required CredentialsDegree in Financial Engineering, Mathematics, or related fields; often certifications like CQFDegree in Finance, Mathematics, or Statistics; certifications like CFA or CQF are common
Work EnvironmentFinancial institutions, hedge funds, investment banks; focus on product development and risk managementTrading desks, asset management firms; focus on data analysis and model development
Employer & Industry UsageUsed in risk management, derivatives pricing, and structured productsUsed in trading strategies, portfolio management, and risk assessment

Financial Engineering and Quantitative Analysts often share similar educational backgrounds and work in related financial sectors. While Financial Engineers focus on creating financial products and managing risks through complex models, Quantitative Analysts primarily analyze data to inform trading and investment decisions. Both roles require strong quantitative skills and often overlap in financial institutions.

What is financial engineering?

Financial engineering is the application of mathematical techniques, computer science, and statistical methods to solve problems and create innovative solutions in finance. Professionals in this field develop new financial products, manage risk, and optimize investment strategies using quantitative models. Financial engineers often work in banks, investment firms, hedge funds, or financial technology companies, helping organizations manage complex financial systems and products. The discipline combines finance, mathematics, statistics, and programming to address challenges in areas like derivatives pricing, risk management, and portfolio optimization.

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 quantitative analysis, mathematics, programming, and finance, typically supported by a relevant degree such as financial engineering, mathematics, or computer science. Expertise in programming languages like Python, R, or C++, as well as familiarity with financial modeling software and risk management systems, is essential. Strong problem-solving, analytical thinking, and communication skills set top performers apart in this role. These skills are crucial for designing innovative financial products, managing complex risks, and translating quantitative insights into actionable business strategies.

What are some common challenges faced by financial engineers when implementing quantitative models in real-world financial institutions?

Financial engineers often encounter challenges such as aligning complex quantitative models with existing IT infrastructure and ensuring the models comply with regulatory requirements. Additionally, translating theoretical models into practical, scalable solutions that can handle large volumes of real-time data requires close collaboration with software developers and risk managers. Effective communication with non-technical stakeholders is also crucial, as financial engineers must explain model assumptions and results to decision-makers from diverse backgrounds.

What is the average student loan debt?

For those pursuing a career in financial engineering, the average student loan debt varies depending on the level of education and institution, but it generally ranges from $30,000 to $50,000 for a master's degree. Many students finance their education through loans, which can impact their financial planning and career choices. Managing debt effectively is important for early career professionals in this field, especially as they develop skills in quantitative analysis and financial modeling.

What do you mean by financial?

In the context of financial engineering, the term 'financial' relates to the management, analysis, and modeling of financial assets, markets, and instruments. It involves applying mathematical techniques, programming skills, and financial theories to develop solutions for risk management, pricing, and investment strategies.
What are the most commonly searched types of Financial Engineering jobs in Michigan? The most popular types of Financial Engineering jobs in Michigan are:
What are popular job titles related to Financial Engineering jobs in Michigan? For Financial Engineering jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Financial Engineering jobs in Michigan look for? The top searched job categories for Financial Engineering jobs in Michigan are:
What cities in Michigan are hiring for Financial Engineering jobs? Cities in Michigan with the most Financial Engineering job openings:

Sr Applied AI Engineer-Finance

Kiongroup

Grand Rapids, MI • On-site

$113K - $174K/yr

Full-time

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 handson 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 productionready 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 LLMpowered 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, backtesting, 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 highvalue 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 handson production deployment experience.
  • Strong experience building ML models using Python and common libraries (e.g., pandas, scikitlearn, PyTorch, TensorFlow).
  • Experience developing or integrating LLMbased solutions (prompt engineering, embeddings, retrievalaugmented generation, summarization).
  • Proven understanding of timeseries forecasting, anomaly detection, regression, and classification techniques.
  • Experience with model validation, backtesting, performance monitoring, and explain-ability.
  • Practical experience implementing MLOps concepts (CI/CD for models, monitoring, version control).
  • Ability to work in a lowmaturity 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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