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Financial Risk Manager Jobs in Grand Rapids, MI (NOW HIRING)

Union Bank

Chief Financial Officer

Grand Rapids, MI · On-site

The CFO plays a critical role in enterprise risk management, digital finance transformation, and organizational strategy. Essential Skills * Deep knowledge of GAAP, regulatory reporting, and banking ...

Socket.dev

Chief Financial Officer

Grand Rapids, MI · On-site

$180 - $280/hr

The CFO plays a critical role in enterprise risk management, digital finance transformation, and organizational strategy. Essential Skills * Deep knowledge of GAAP, regulatory reporting, and banking ...

Union Bank

Chief Financial Officer

Grand Rapids, MI · On-site

The CFO plays a critical role in enterprise risk management, digital finance transformation, and organizational strategy. Essential Skills * Deep knowledge of GAAP, regulatory reporting, and banking ...

BDO USA

FP&A Business Line Leader

Grand Rapids, MI · On-site

Leading and managing FP&A activities for a client base with a medium scope of responsibility ... risk * Other duties as required Supervisory Responsibilities: * May serve as a career advisor, as ...

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Robert Half

VP/Director of Finance

Grand Rapids, MI · On-site

$40 - $60/hr

Review cash activity closely, including the use of investment balances, and recommend actions to manage financial risk. * Process and supervise vendor and operational payments with attention to ...

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All JobsFinancial Risk JobsFinancial Risk Manager JobsFinancial Risk Manager Jobs in Grand Rapids, MI

Financial Risk Manager information

See Grand Rapids, MI salary details

$49.5K

$107.1K

$163.3K

How much do financial risk manager jobs pay per year?

As of Sep 5, 2026, the average yearly pay for financial risk manager in Grand Rapids, MI is $107,140.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,400.00 and $123,900.00 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 job categories do people searching Financial Risk Manager jobs in Grand Rapids, MI look for?

The top searched job categories for Financial Risk Manager jobs in Grand Rapids, MI are:

What cities near Grand Rapids, MI are hiring for Financial Risk Manager jobs?

Cities near Grand Rapids, MI with the most Financial Risk Manager job openings:

Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Grand Rapids, MI as of August 2026, with employment types broken down into 86% Full Time, 13% Part Time, and 1% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $107,140 per year, or $51.5 per hour.

Vendor Management Manager

Lake Michigan Credit Union

Grand Rapids, MI • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 17 days ago

Key responsibilities

  • Lead the enhancement and streamlining of the third-party relationships process, including clarity of roles, escalation, and communication.

  • Perform risk assessments for current and prospective third-party relationships, including inherent and residual risk evaluations.

  • Conduct vendor onboarding, renewal, and termination processes in accordance with policy and regulatory expectations.

Lake Michigan Credit Union rating

8.0

Company rating: 8.0 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

Job description

General Information
Primary Location: Grand Rapids, MI
Employee Status: Full-Time
Workplace Type: Fully On-Site
Who we are:
At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.
About this position:
The Vendor Management Manager is responsible for implementing, maintaining & administrating the Credit Union's Third-Party Risk Management (TPRM) program. This role focuses on vendor due diligence, ongoing monitoring, risk assessments, reporting, and coordination with internal stakeholders to ensure third party relationships are managed in accordance with regulatory requirements, internal policy, and risk appetite. The position partners closely with Risk Management, Compliance, IT, Legal, and business owners across the organization. The Vendor Management Manager will ensure that identified risk exposures are properly mitigated and appropriate risk action plans are implemented as appropriate.
What you'll do:
Third-Party Risk & Due Diligence
  • Lead the enhancement and streamlining of the third-party relationships process, including clarity of roles, escalation, and communication.
  • Perform risk assessments for current and prospective third-party relationships, including inherent and residual risk evaluations.
  • Conduct initial and ongoing due diligence activities, including initial review of contracts, SOC reports, information security documentation, business continuity plans, etc.
  • Track, document, and maintain vendor risk ratings, due diligence status, and remediation items within the vendor management system.
  • Conduct vendor onboarding, renewal, and termination processes in accordance with policy and regulatory expectations.

Program Administration
  • Assist Risk Manager with various projects and reports. Run the reports to completion and present findings to Risk Manager. Based on evaluation and interpretation, report findings and suggestions.

People Leadership & Team Management
  • Supervise and support Vendor Management staff, including oversight of daily activities, timecard approvals, recruitment and onboarding, performance management, coaching and development, and completion of performance evaluations to ensure team effectiveness and alignment with organizational goals.
  • Adhere to and champion our core values of curious minds, collaborative hearts, and continuous excellence.
  • Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

What you'll bring:
  • Three to five years of experience in financial services, risk management, vendor management, compliance, audit, or a related field preferred.
  • High School Diploma is required.
  • College degree in business, finance, risk management, information systems, or a related field preferred, but not required.
  • Relevant certifications (e.g., CTPRP, CRVPM) are a plus but not required.
  • Experience with vendor management platforms/process flows.
  • Must be able to effectively handle multiple, simultaneous, and changing priorities.
  • Must be capable of exercising highest level of discretion on both internal and external confidential matters.

What you'll get:
  • All Employees: weekly pay and retirement savings options.
  • Full-Time Employees: comprehensive health coverage including medical (with prescription), dental, vision, HSA match, paid parental leave, and tuition reimbursement.
  • To see a full list of our benefit offerings, check out this helpful guide!

Have additional questions about the role? Email the Talent Acquisition Team at: Careers@lmcu.org
If you lack access to the internet or require an accommodation in the application process, please send your resume via mail to P.O. Box 2848, Grand Rapids, MI 49501-2848.
LMCU is an Equal Opportunity Employer

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