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Financial Risk Manager Jobs in Michigan (NOW HIRING)

Finance Manager, Supplier Risk

Dearborn, MI · Hybrid

$141K - $268K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • PTO

Proactive Risk Identification and Active Distressed Supplier Case Management. * You will play a ... Strong Financial Acumen: Deep expertise in financial analysis and familiarity with corporate ...

Develop and implement a financial risk management policy. * Manage financial relationships with banking partners. What We're Looking For * 10+ years of progressive financial and executive leadership ...

Showing results 41-60

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 Aug 19, 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 cities in Michigan are hiring for Financial Risk Manager jobs?

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

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.

R&I Independence Technology Team (ITT) Senior Manager

Pwc

Grand Rapids, MI

$91K - $321K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 4 days ago


PwC rating

8.3

Company rating: 8.3 out of 10

Based on 76 frontline employees who took The Breakroom Quiz

26th of 72 rated business consultants


Job description

Industry/Sector

Not Applicable

Specialism

IFS - Risk & Quality (R&Q)

Management Level

Senior Manager

Job Description & Summary

The Opportunity
As a Senior Manager in the R&I Independence Technology Team (ITT), you will play a pivotal role in maintaining regulatory compliance and managing risks for clients, providing advice and solutions. Within our Internal Firm Services practice, you will focus on identifying and mitigating potential risks that could impact an organization's operations and objectives. You will be responsible for developing business strategies to effectively manage and navigate risks in a rapidly changing business environment.
As a Senior Manager, you will leverage your skills and professional network to deliver quality results. You will motivate and coach others, coming together to solve complex problems. With increased autonomy, you will apply sound judgment, recognizing when to take action and when to escalate. Your ability to develop and sustain high-performing, diverse, and inclusive teams, and your commitment to excellence, contributes to the success of our firm.
In this role, you will craft and convey clear, impactful messages that tell a holistic story. You will apply systems thinking to identify underlying problems and opportunities, validate outcomes with stakeholders, and share alternative perspectives. Your leadership will guide the team through complexity, demonstrating composure through ambiguous, challenging, and uncertain situations.
Responsibilities
- Leading enterprise risk management initiatives to identify and mitigate potential risks impacting organizational operations and objectives
- Developing business strategies to effectively manage risks in a rapidly changing environment
- Applying analytical thinking to assess business risk and implement mitigation measures
- Crafting and conveying clear, impactful messages that tell a holistic story to stakeholders
- Directing teams through complex situations, demonstrating composure and strategic questioning
- Validating outcomes with stakeholders and acting on feedback to improve risk management processes
- Modeling and reinforcing professional and technical standards, including the Firm's code of conduct and independence requirements
- Initiating open and honest coaching conversations to develop high-performing, diverse, and inclusive teams
- Utilizing business process improvement techniques to enhance internal controls and regulatory compliance
- Building relationships with business leaders to identify and address risk challenges effectively
What You Must Have
- At least a High School Diploma or the equivalent degree
- At least 6 years of experience
What Sets You Apart
- Preference for at least one of the following fields of study: Accounting, Business Administration/Management, Computer Science/Information Systems, Cybersecurity, Finance, Risk Management/Insurance
- Demonstrating advanced skills in Enterprise Risk Management (ERM)
- Utilizing Business Process Improvement techniques to drive results
- Applying systems thinking to identify underlying problems and opportunities
- Excelling in contract negotiation and contractual risk mitigation
- Leading teams through complexity with composure and strategic questioning
- Developing and sustaining diverse and inclusive high-performing teams

Travel Requirements

Up to 20%

Job Posting End Date

The salary range for this position is: $91,000 - $321,500. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws. All hired individuals are eligible for an annual discretionary bonus. PwC offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation, personal and family sick leave, and more. To view our benefits at a glance, please visit the following link: https://pwc.to/benefits-at-a-glanceAs PwC is anequal opportunity employer, all qualified applicants will receive consideration for employment at PwC without regard to race; color; religion; national origin; sex (including pregnancy, sexual orientation, and gender identity); age; disability; genetic information (including family medical history); veteran, marital, or citizenship status; or, any other status protected by law.PwC does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.Learn more about how we work: https://pwc.to/how-we-workFor only those qualified applicants that are impacted by the Los Angeles County Fair Chance Ordinance for Employers, the Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, San Diego County Fair Chance Ordinance, and the California Fair Chance Act, where applicable, arrest or conviction records will be considered for Employment in accordance with these laws. At PwC, we recognize that conviction records may have a direct, adverse, and negative relationship to responsibilities such as accessing sensitive company or customer information, handling proprietary assets, or collaborating closely with team members. We evaluate these factors thoughtfully to establish a secure and trusted workplace for all.Applications will be accepted until the position is filled or the posting is removed, unless otherwise set forth on the following webpage. Please visit this link for information about anticipated application deadlines: https://pwc.to/us-application-deadlines

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