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Financial Risk Specialist Jobs in Indiana (NOW HIRING)

Ameriprise Financial

Operations Specialist

Plymouth, IN · On-site

... Financial Planners. Correct risk tolerance settings after trade completion. Contact clients as ... Operations Specialist is responsible for ensuring accurate and timely transfer of money into and ...

Shambaugh

Contract Insurance Specialist

Fort Wayne, IN · On-site

Contract Insurance Specialist Shambaugh & Son L.P. is seeking a Contract Insurance Specialist. This ... for builder's risk. * Coordinate with General Counsel and SVP of Finance to mitigate insurance ...

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All JobsFinancial Risk Specialist JobsFinancial Risk Specialist Jobs in Indiana

Financial Risk Specialist information

See Indiana salary details

$30K

$70.9K

$111.3K

How much do financial risk specialist jobs pay per year?

As of Aug 16, 2026, the average yearly pay for financial risk specialist in Indiana is $70,918.00, according to ZipRecruiter salary data. Most workers in this role earn between $51,400.00 and $89,400.00 per year, depending on experience, location, and employer.

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

Financial Risk Specialists often collaborate with departments such as compliance, operations, and IT to assess and manage organizational risks. A common challenge is translating complex risk models and regulatory requirements into actionable steps that non-experts can understand and implement. Effective communication and adaptability are crucial, as priorities may shift quickly in response to emerging risks or regulatory changes. Building strong relationships across teams helps ensure risk controls are properly integrated into business processes.

What does a financial risk specialist do?

A Financial Risk Specialist is responsible for identifying, analyzing, and mitigating risks that could impact a company's financial health. They assess potential threats related to market fluctuations, credit exposure, operational procedures, and regulatory compliance. Using quantitative models, they evaluate risk levels and recommend strategies to minimize losses. Their work helps organizations make informed decisions and maintain financial stability.

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

AspectFinancial Risk SpecialistCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CFABachelor's degree in finance, accounting, or related; often CFA or similar certifications
Work EnvironmentFinancial institutions, consulting firms, risk management departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across finance sectors focusing on risk assessment and mitigationPrimarily in banking and lending for credit evaluation

The main difference is that a Financial Risk Specialist focuses on identifying and managing overall financial risks within an organization, including market, credit, and operational risks. In contrast, a Credit Analyst primarily evaluates the creditworthiness of individual borrowers or companies to determine lending risk. Both roles require similar credentials and often work in related environments, but their focus areas differ significantly.

What are the key skills and qualifications needed to thrive as a financial risk specialist, and why are they important?

To thrive as a Financial Risk Specialist, you need strong analytical skills, a solid understanding of financial markets, and a relevant degree in finance, economics, or mathematics. Familiarity with risk assessment tools, statistical software (such as SAS or MATLAB), and professional certifications like FRM or CFA are typically required. Excellent problem-solving, attention to detail, and effective communication skills help you interpret data and collaborate with stakeholders. These competencies are crucial for accurately identifying, assessing, and mitigating financial risks to protect an organization’s assets and ensure regulatory compliance.

What are popular job titles related to Financial Risk Specialist jobs in Indiana?

For Financial Risk Specialist jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Financial Risk Specialist jobs in Indiana look for?

The top searched job categories for Financial Risk Specialist jobs in Indiana are:

Financial Risk Specialist jobs near you
Infographic showing various Financial Risk Specialist job openings in Indiana as of August 2026, with employment types broken down into 96% Full Time, and 4% Contract. Highlights an 86% In-person, 4% Hybrid, and 10% Remote job distribution, with an average salary of $70,918 per year, or $34.1 per hour.

HR Risk & Compliance Specialist

FIRST MERCHANTS

Indianapolis, IN • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 5 days ago

First Merchants Bank rating

7.8

Company rating: 7.8 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

88th of 171 rated banks

Job description

First Merchants Bank is seeking a HR Risk & Compliance Specialist to join our team! This position will provide operational and administrative support for Human
Resources risk management, compliance, governance, investigations, and audit activities. This role assists with compliance monitoring, audit coordination, investigation administration, policy governance, corrective action tracking, risk reporting, and process improvement initiatives.

As part of this role, you will:

  • Assist with HR risk assessments, risk action plans, and control documentation.
  • Coordinate internal and external HR audit requests and supporting evidence.
  • Conduct routine audits of HR files, processes, and records.
  • Assist in maintaining investigation logs, files, metrics, timelines, and documentation.
  • Support investigation administration and confidential case tracking.
  • Track corrective actions resulting from audits, investigations, and compliance reviews.
  • Assist with policy, handbook, and procedure reviews and updates.
  • Prepare HR risk, compliance, investigation, and audit reporting.
  • Support business continuity and governance activities within HR.
  • Provide operational and administrative support to leave of absence function.
  • Serve as primary back-up for the HR Shared Services Associate role and support MyHR operations as needed.
  • Assist with special projects and process improvement initiatives.

To be successful in this position, we require the following:

  • High School Diploma or equivalent (GED).
  • Minimum of three (3) years of administrative experience with one (1) year of experience in a Human Resources role.

The following would be a plus:

  • Bachelor's degree in Human Resources, Business, or related field.
  • HR training or certifications.
  • Experience working with audit preparations.
  • HRIS experience.
  • Experience supporting investigations, compliance, or risk-related activities.
  • Strong organizational and communication skills.
  • Ability to handle confidential and sensitive information.
  • Proficiency with Microsoft Office applications.

First Merchants offers the following:

  • Base Pay PLUS Bonuses
  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits

 

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!

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