ZipRecruiter

Log In

1

Operational Risk Analyst Jobs in Michigan (NOW HIRING)

Ilitch Companies

Risk & Finance Analyst

Detroit, MI · On-site

The Risk and Finance Analyst will play a critical role in supporting the operations and financial management of two captive insurance companies. This position is responsible for comprehensive risk ...

Ilitch Companies

Risk & Finance Analyst

Detroit, MI · On-site

The Risk and Finance Analyst will play a critical role in supporting the operations and financial management of two captive insurance companies. This position is responsible for comprehensive risk ...

Kanak Elite Services Inc

Sr. Business Analyst

Grand Rapids, MI · On-site

$88K - $114K/yr

The analyst will help ensure compliance with CMS guidelines, minimize operational risk, and contribute to the overall success of Risk Adjustment activities by the plan. The ideal candidate will bring ...

next page

Showing results 1-20

All JobsOperational Risk Analyst JobsOperational Risk Analyst Jobs in Michigan

Operational Risk Analyst information

See Michigan salary details

$34K

$74.8K

$135.1K

How much do operational risk analyst jobs pay per year?

As of Jul 8, 2026, the average yearly pay for operational risk analyst in Michigan is $74,817.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,100.00 and $91,100.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Operational Risk Analysts, and how can these be effectively managed?

Operational Risk Analysts often face challenges such as identifying emerging risks, effectively communicating findings to stakeholders, and ensuring compliance with evolving regulations. Managing these challenges involves staying up-to-date with industry best practices, developing strong analytical and communication skills, and collaborating closely with other departments like compliance, IT, and internal audit. Building robust risk assessment frameworks and fostering a culture of transparency within the organization are also key to success in this role.

What does an Operational Risk Analyst do?

An Operational Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact a company's day-to-day business operations. They analyze processes, policies, and systems to detect potential operational failures or weaknesses. Their role often includes developing risk management strategies, monitoring risk indicators, and helping to ensure compliance with regulatory standards. They also work closely with other departments to implement best practices and improve overall risk awareness.

What are the key skills and qualifications needed to thrive as an Operational Risk Analyst, and why are they important?

To thrive as an Operational Risk Analyst, you need a solid background in risk management, data analysis, and business processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, governance frameworks, and systems like GRC (Governance, Risk, and Compliance) platforms or Excel is commonly required, and certifications such as FRM or CRM are advantageous. Strong analytical thinking, attention to detail, and effective communication skills help you identify risks and collaborate with stakeholders across the organization. These skills ensure accurate risk identification and mitigation, safeguarding the organization's assets and reputation.

What is the difference between Operational Risk Analyst vs Credit Risk Analyst?

AspectOperational Risk AnalystCredit Risk Analyst
Required CredentialsBachelor's degree in finance, risk management, or related field; certifications like FRM or CRMBachelor's degree in finance, economics, or related; certifications like CFA or FRM
Work EnvironmentFinancial institutions, banks, insurance companies; focus on internal processesBanking, lending institutions; focus on borrower creditworthiness
Employer & Industry UsageUsed across banking, insurance, and investment firms for risk mitigationPrimarily in banking and lending sectors for credit assessment
Common Search & Comparison IntentUnderstanding risk management roles within financial firmsAssessing credit risk and loan approval processes

Operational Risk Analysts focus on internal processes and operational hazards within financial institutions, while Credit Risk Analysts evaluate the creditworthiness of borrowers. Both roles require similar credentials and are vital in risk management but serve different aspects of financial risk assessment.

What are the most commonly searched types of Operational Risk Analyst jobs in Michigan? The most popular types of Operational Risk Analyst jobs in Michigan are:
What are popular job titles related to Operational Risk Analyst jobs in Michigan? For Operational Risk Analyst jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Operational Risk Analyst jobs in Michigan look for? The top searched job categories for Operational Risk Analyst jobs in Michigan are:
What are popular job titles related to Operational Risk Analyst jobs in MI? For Operational Risk Analyst jobs in MI, the most frequently searched job titles are:
Operational Risk Analyst jobs near you
Infographic showing various Operational Risk Analyst job openings in Michigan as of July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 84% Full Time, 8% Part Time, 1% Temporary, and 5% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $74,817 per year, or $36 per hour.
IT Securtity Risk Specialist

IT Securtity Risk Specialist

Epitec, Inc.

Southfield, MI • On-site

Full-time

Re-posted 25 days ago

Job description

Company Description

.

Job Description

This position will be responsible for completing Vendor Assessments for the Vendor Risk Management team.
This role will primarily focus on the following specific areas of responsibility:
-Day-to-day management of Information Security risk identification, mitigation and acceptance processes in coordination with security operations and maintaining program requirements language
-Execution of training, education and awareness of all users, managers and board members regarding Information Security vendor requirements and expectations
-Operational risk planning, mitigation and remediation to address Information Security deficiencies
-Identifying new vendor engagements and renewal of existing vendor assessments. Coordinating distribution and completion of vendor assessment questionnaire
-Reviewing on-site assessment reports, examining risks and controls associated with all aspects of the vendor
-Drafting preliminary findings reports
-Conducting preliminary results meeting with BCBSM and its subsidiaries stakeholders and management staff
-Receiving and review vendor response-action plan, if necessary
-Communicates the results of assessment and-or projects in a clear and concise manner to all levels of management
-Designs and operate key operational and executive metrics, reports and dashboards

Qualifications

 5+ years of Vendor Risk Management in the Healthcare space
- Strong knowledge of HIPAA and other applicable Healthcare laws
- Strong understanding of the development and operation of a Risk Management program

Additional Information
 Extensive experience building and managing a diverse and inclusive team environment with strong commitment to respect, equality and teaming.
- Strong understanding of IT Audit/Information Security control review and remediation plans
- Strong understanding of Information Security and the relationship between threat, vulnerability and information
- Good understanding of risk-based decision-making (i.e. risk analysis, mitigation, resolution, acceptance, etc.)
- Possess a good understanding of appropriate leading-edge governance-enabling technologies.
- Possess a good understanding of regulatory and best practice frameworks in the information security context (HITRUST, HIPAA, HITECH, ISO, etc)
- Strong written and verbal communication skills


Apply