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Fraud Risk Manager Jobs in Michigan (NOW HIRING)

City of Flint

Fraud Investigator

Flint, MI · On-site

$35.60 - $39.47/hr

... risk. Maintains strict confidentiality of investigative information and performs related work as ... Ability to conduct effective interviews involving employees, management, complainants, and ...

OUCU

Account Fraud Manager

East Lansing, MI · Hybrid

$90K - $110K/yr

The Account Fraud Manager is responsible for supervising the operations of the fraud prevention ... Foster and promote a culture of risk awareness and accountability. Understand the Credit Union ...

orsa credit union

dealer experience manager

Plymouth, MI · On-site

$82K/yr

The dealer experience manager ensures mutually beneficial, compliant, and high-performing dealer ... risk, addressing structural dealer fraud, and ensuring overall portfolio quality. * Ensure all ...

Vibe Credit Union

VP of Risk

Novi, MI · On-site

... aspect of risk to the Credit Union. These areas include compliance and regulation including ... vendor management, legal risks, fraud and quality assurance reviews of new loan and account ...

Vibe Credit Union

VP of Risk

Novi, MI · On-site

Job Title: VP of Risk Reports To: Chief Financial Officer Department: ERM Grade: 16 Location: Novi ... vendor management, legal risks, fraud and quality assurance reviews of new loan and account ...

THOMSON REUTERS

Account Manager, Risk

Ann Arbor, MI · On-site

Risk/Fraud solutions About the Role: In this opportunity as Account Manager, you will: * Prospecting: Prospecting is a must.Actively seek out new business opportunities with both new and existing ...

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Fraud Risk Manager information

See Michigan salary details

$44.9K

$97.2K

$148.2K

How much do fraud risk manager jobs pay per year?

As of Sep 10, 2026, the average yearly pay for fraud 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 fraud risk manager do?

A Fraud Risk Manager is responsible for identifying, assessing, and mitigating the risk of fraud within an organization. They develop and implement policies, procedures, and controls to prevent and detect fraudulent activities. Their work often involves analyzing data for suspicious patterns, investigating incidents of fraud, and providing training to staff on fraud prevention. Ultimately, they help safeguard the organization's assets and reputation by minimizing the impact of fraudulent activities.

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

To excel as a Fraud Risk Manager, you need expertise in fraud detection, risk assessment, and knowledge of financial regulations, often supported by a degree in finance, accounting, or a related field. Familiarity with data analytics tools, fraud management platforms, and certifications like CFE (Certified Fraud Examiner) are highly valuable. Strong analytical thinking, problem-solving, and effective communication skills help you collaborate across departments and respond swiftly to emerging threats. These skills and qualifications are vital for proactively identifying, mitigating, and preventing fraudulent activities that could harm an organization’s reputation and finances.

How does a fraud risk manager typically collaborate with other departments to mitigate risks?

Fraud Risk Managers work closely with multiple departments such as compliance, IT, internal audit, and customer service to identify, assess, and address potential fraud risks. They frequently coordinate with data analysts to monitor transactions for suspicious activity and partner with legal teams to ensure regulatory compliance. Regular cross-functional meetings and training sessions are common, allowing them to share insights, update protocols, and respond quickly to emerging threats. Effective communication and teamwork are essential, as fraud prevention is a collaborative effort across the organization.

What is the difference between Fraud Risk Manager vs Fraud Analyst?

AspectFraud Risk ManagerFraud Analyst
CredentialsCertifications like CFE, CRCM; Bachelor's degree in finance, accounting, or related fieldSimilar certifications; Bachelor's degree often required
Work EnvironmentOversees fraud prevention strategies, manages teams, develops policiesConducts investigations, analyzes data, detects fraud patterns
Industry UsageUsed in banking, finance, insurance, and retail sectorsCommonly employed in similar industries for fraud detection

The Fraud Risk Manager focuses on developing and overseeing fraud prevention strategies, managing teams, and implementing policies. In contrast, the Fraud Analyst primarily conducts investigations, analyzes data, and detects fraudulent activities. Both roles require similar credentials and are vital in fraud prevention within financial and retail sectors, but they differ in scope and responsibilities.

How much do fraud risk managers make in the US?

Fraud risk managers in the US typically earn between $80,000 and $130,000 annually, with median salaries around $100,000. Compensation varies based on experience, industry, and location, and professionals often hold certifications like Certified Fraud Examiner (CFE).

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

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

Fraud Risk Manager jobs near you
Infographic showing various Fraud 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.

Fraud Strategy & Tools Analyst

Royal Oak, MI • Hybrid

FIRST MERCHANTS
Finance and Insurance • 1 - 5K employees
Learn more about FIRST MERCHANTSexternal

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 26 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

Job description

First Merchants Bank is seeking a Fraud Strategy & Tools Specialist to join our team! As part of the External Fraud Working Group’s strategic initiative, this role is designed to centralize and enhance the bank’s use of fraud prevention and detection tools and technologies. The Fraud Strategy & Tools Specialist will be responsible for fully understanding, optimizing, and aligning fraud tools with business goals, while proactively identifying trends and recommending improvements. This role will serve as a key liaison between fraud operations, line of business (LOB) teams, and external vendors. This role is approved for a hybrid work schedule within our operational footprint.

Essential Duties and Responsibilities: 

  • Tool Optimization & Oversight 
    • Attend vendor and user group meetings to stay current on tool capabilities and updates. 
    • Monitor system changes and assess their impact—both positive and negative—on fraud detection and prevention.
    • Fully understand the capabilities of existing fraud tools and identify opportunities for enhancement.
  • Strategic Coordination & Documentation 
    • Understand fraud practices and control effectiveness. 
    • Coordinate with LOBs to support decision-making related to fraud tools and strategies. 
    • Document current state, key decisions, and maintain up-to-date records of tool configurations and usage.
    • Research and recommend leading practices in fraud prevention and technology utilization.
  • Fraud Intelligence & Triage
    • Identify and analyze fraud trends across channels and products. 
    • Participate in the fraud triage team to support rapid response and resolution.
    • Provide recommendations for ongoing tuning and configuration of fraud detection systems.
  • Proactive Engagement & Business Alignment
    • Bring forward ideas and recommendations to improve fraud prevention strategies. 
    • Align fraud tool usage with broader business goals and risk appetite. 
    • Serve as a proactive partner to internal stakeholders and external vendors.

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

  • Bachelor’s degree in business, finance, information systems, or related field. 
  • A minimum of three (3) years of experience in fraud prevention, risk management, or financial technology.
  • Fraud Analytics Experience with one or more fraud detection tools or platforms such as NICE/Actimize, Q2 Sentinel, FICO, Abrigo BAM+, Vertifi, TrueChecks, Alloy, etc.

The following would be a plus: 

  • Strong analytical and problem-solving skills.
  • Excellent communication and collaboration abilities.
  • Experience working with cross-functional teams.
  • Knowledge of fraud typologies and emerging threats.
  • • Ability to translate technical capabilities into business value. 
  • Detail-oriented with strong documentation and organizational skills.

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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