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Financial Risk Manager Jobs in Michigan (NOW HIRING)

Huntington

Credit Review Officer - Consumer

Detroit, MI · On-site

$70K - $140K/yr

MBA, CPA, Financial Risk Manager, SAS Certified Base Programmer etc.) * Technical accounting (GAAP) or financial statement analysis knowledge * 3+ years utilizing SAS/SQL language * Conflict ...

Kla

Sr. Manager - Supply Chain Risk

Ann Arbor, MI

This role leads supplier risk programs spanning operational, geopolitical, financial, sustainability, and continuity risks, and partners closely with Category Managers, Supplier Managers, Engineering ...

Orbotech

Sr. Manager - Supply Chain Risk

Ann Arbor, MI · On-site

This role leads supplier risk programs spanning operational, geopolitical, financial, sustainability, and continuity risks, and partners closely with Category Managers, Supplier Managers, Engineering ...

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Financial Risk Manager information

See Michigan salary details

$44.9K

$97.2K

$148.2K

How much do financial risk manager jobs pay per year?

As of Sep 10, 2026, the average yearly pay for financial risk manager in Michigan is $97,232.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,400.00 and $112,400.00 per year, depending on experience, location, and employer.

What does a financial risk manager do?

A Financial Risk Manager (FRM) is responsible for identifying, analyzing, and mitigating financial risks within an organization. Their work involves assessing threats related to credit, market, operational, and liquidity risk, and developing strategies to minimize potential losses. FRMs use quantitative analysis, financial modeling, and risk assessment tools to advise decision-makers on risk exposures. They play a vital role in ensuring that a company remains compliant with financial regulations and maintains financial stability.

What are the key skills and qualifications needed to thrive as a financial risk manager?

To thrive as a Financial Risk Manager, you need a strong background in finance, quantitative analysis, and risk assessment, typically supported by a relevant degree and certifications like FRM or CFA. Expertise in risk modeling software, statistical tools such as SAS or R, and financial reporting systems is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are crucial for accurately identifying, assessing, and mitigating financial risks to protect organizational assets and ensure regulatory compliance.

What are some common challenges financial risk managers face when working with cross-functional teams?

Financial Risk Managers often collaborate with departments such as treasury, compliance, and IT to identify and mitigate risks. One common challenge is aligning risk management strategies with diverse departmental goals, which may sometimes conflict with each other. Effective communication and negotiation skills are essential to ensure all stakeholders understand the risk implications of their decisions. Additionally, adapting to rapidly changing regulations and market conditions can create pressure to quickly update risk models and processes.

What is the difference between Financial Risk Manager vs Credit Analyst?

AspectFinancial Risk ManagerCredit Analyst
CertificationsFRM, CFAFitch, CFA
Work EnvironmentFinancial institutions, banks, investment firmsBanks, lending institutions, credit agencies
Primary FocusAssessing and managing overall financial risksEvaluating creditworthiness of borrowers
Industry UsageRisk management departments, trading floorsLoan departments, credit risk units

While both roles involve financial analysis, a Financial Risk Manager focuses on identifying and mitigating broad financial risks across an organization, often requiring advanced certifications like FRM or CFA. A Credit Analyst specializes in assessing individual borrowers' creditworthiness to inform lending decisions. Both roles are vital in financial institutions but serve different strategic purposes.

Do financial risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual pay often exceeds $100,000, with senior roles and certifications like FRM or CFA increasing earning potential. They also benefit from bonuses and other incentives based on performance and risk management success.

Is it hard to become a financial risk manager?

Becoming a financial risk manager typically requires a strong background in finance, economics, or related fields, along with relevant certifications such as the FRM or CFA. The role involves developing analytical skills, understanding financial models, and often gaining experience in risk analysis or financial analysis, which can take several years of education and work experience to achieve.

Is risk management in finance a good career?

A career as a financial risk manager involves analyzing and mitigating financial risks for organizations, often requiring strong analytical skills, knowledge of financial instruments, and certifications like FRM or CFA. It offers opportunities in banking, investment firms, and corporations, with a focus on quantitative analysis and regulatory compliance. The role can be rewarding for those interested in finance and risk assessment, with a stable job outlook and competitive salary potential.

What are popular job titles related to Financial Risk Manager jobs in Michigan?

For Financial Risk Manager jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Financial Risk Manager jobs in Michigan look for?

The top searched job categories for Financial Risk Manager jobs in Michigan are:

What cities in Michigan are hiring for Financial Risk Manager jobs?

Cities in Michigan with the most Financial Risk Manager job openings:

Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Michigan as of August 2026, with employment types broken down into 82% Full Time, 13% Part Time, 2% Temporary, 2% Contract, and 1% Nights. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $97,232 per year, or $46.7 per hour.

Credit Review Officer - Consumer

Detroit, MI • On-site

Huntington
Banking and Credit Intermediation • 10K+ employees
Learn more about Huntingtonexternal

$70K - $140K/yr

Other

Posted 15 days ago

Huntington National Bank rating

8.1

Company rating: 8.1 out of 10

Based on 174 frontline employees who took The Breakroom Quiz

Job description

Credit Review Officer - Consumer

The Credit Review Officer - Consumer reports to a Credit Review Group Manager or Team Lead. The ideal candidate is a proven credit risk professional with an exceptional delivery track record within retail/consumer credit. The CRO independently evaluates and reports on the effectiveness of the credit processes that produce and monitor assets that generate credit risk.

Duties and Responsibilities:

  • The candidate should possess a detailed working knowledge of the methodologies and techniques for performing credit risk review engagements and continuous monitoring activities associated with a strong independent credit review function within a large financial institution.
  • Participate in the execution of Retail Consumer credit review program assignments in accordance with departmental policy and procedures to effectively assess: credit risk inherent in products/services and related activities, adherence to credit policies and procedures, compliance with legal and regulatory requirements, and exam results to determine if issues exist and improvement recommendation are necessary.
  • Review transactions and/or mine/analysis broader portfolio data for the quality of underwriting, effective credit processing, adequacy of portfolio/risk management, and compliance with HNB Credit Policy; document conclusions that are concise, accurate and facilitate aggregation for reporting to the intended audience.
  • Compile and structure data from multiple sources (internal and external), create and accurately summarize results that are easily utilized by the end-user.
  • Conducts periodic risk assessment processes and on-going continuous data analysis reporting to identify emerging risks and factors that necessitate amendments to the annual plan.
  • Attend segment/business credit risk management committee meetings aligned with area of subject matter expertise; act as a risk management resource to the business units; communicate key takeaways to the broader Credit Review team.
  • Identify and communicate emerging risk issues to provide feedback and recommendations to enhance credit risk management practices across the enterprise.
  • Able to develop and maintain working relationships with bank management, and the broader credit review team in order to effectively and efficiently execute review responsibilities.
  • Provide CR senior management with information regarding the identification, measurement and management of credit risk for assigned business units.
  • Strong verbal and written communication skills as well as ability to manage engagements/projects within allocated timeframes
  • Performs other duties as assigned.

Basic Qualifications:

  • Bachelor's Degree or 4 years of related consumer or scored small business lending experience
  • 5+ years of related experience in credit review, risk management, underwriting or data/credit risk analysis

Preferred Qualifications:

  • Working knowledgeable of credit risk management and control frameworks
  • Working knowledge of MS Access, Excel, PowerPoint, Word, and credit/statistical analysis tools
  • Project management skills, ability to deliver high quality results while meeting deadlines, department and personal goals
  • Preferred degrees: Accounting, Finance, Economics, Business or Statistics related field
  • Certification, Advanced Degree or demonstrated progress toward (i.e. MBA, CPA, Financial Risk Manager, SAS Certified Base Programmer etc.)
  • Technical accounting (GAAP) or financial statement analysis knowledge
  • 3+ years utilizing SAS/SQL language
  • Conflict management

Exempt Status: Yes

Workplace Type: Office

Compensation Range: $70,000-$140,000 Annual Salary

Huntington is an Equal Opportunity Employer.

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