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Payment Risk Manager Jobs in Michigan (NOW HIRING)

Fifth Third

Senior Portfolio Manager

Grand Rapids, MI · On-site

This role includes client interaction, managing portfolio risk, and adhering to policy and ... such payment based upon company, line of business and/or individual performance. Our extensive ...

Fifth Third

Risk Business Analyst III

Farmington Hills, MI · On-site

$43 - $59.25/hr

Knowledge of the Risk Management processes is preferred but not essential Minimum 5-7 years ... such payment based upon company, line of business and/or individual performance. Our extensive ...

The AF Group

Assigned Risk Trainee

Lansing, MI · On-site

Manage and complete policy processing including policy issuance, quotes, endorsements ... Approve and document payment arrangements with customers on audit balances per guidelines. Process ...

Emergent Holdings

Assigned Risk Trainee

Lansing, MI · On-site

Manage and complete policy processing including policy issuance, quotes, endorsements ... Approve and document payment arrangements with customers on audit balances per guidelines. Process ...

Emergent Holdings

Assigned Risk Trainee

Lansing, MI · On-site

Manage and complete policy processing including policy issuance, quotes, endorsements ... Approve and document payment arrangements with customers on audit balances per guidelines. Process ...

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Payment Risk Manager information

What is the difference between Payment Risk Manager vs Credit Analyst?

AspectPayment Risk ManagerCredit Analyst
Required CredentialsBachelor's degree, certifications like CRCM or RMA often preferredBachelor's degree in finance, economics, or related field; certifications like CFA or credit analysis courses
Work EnvironmentFinancial institutions, payment processing companies, e-commerce firmsBanks, lending institutions, credit bureaus
Employer & Industry UsageFocuses on managing payment fraud and risk in transaction environmentsEvaluates creditworthiness of individuals or businesses for lending decisions

The Payment Risk Manager primarily focuses on mitigating risks associated with payment transactions, while the Credit Analyst assesses creditworthiness for lending. Both roles require financial knowledge and analytical skills but serve different aspects of financial risk management.

What does a Payment Risk Manager do?

A Payment Risk Manager is responsible for identifying, assessing, and mitigating risks related to payment transactions within a company. They develop strategies to detect and prevent fraud, monitor payment activities, ensure compliance with relevant regulations, and analyze transaction data to identify suspicious patterns. Their work helps protect both the organization and its customers from financial losses and ensures secure and efficient payment processes.

What are the key skills and qualifications needed to thrive as a Payment Risk Manager, and why are they important?

To thrive as a Payment Risk Manager, you need a strong background in finance, risk assessment, data analysis, and a relevant degree in business, finance, or a related field. Familiarity with payment processing systems, fraud detection tools, and risk management software, as well as certifications like Certified Fraud Examiner (CFE), are typically required. Excellent problem-solving, critical thinking, and communication skills help professionals stand out in this role. These skills and qualifications are crucial for effectively identifying, mitigating, and preventing payment risks, ensuring financial security and compliance within organizations.

What are some common challenges a Payment Risk Manager faces when implementing fraud prevention strategies?

Payment Risk Managers often encounter challenges balancing effective fraud prevention with a smooth customer experience. Implementing robust controls can sometimes result in false positives, inadvertently blocking legitimate transactions and frustrating customers. Additionally, staying ahead of constantly evolving fraud tactics requires continuous learning and adaptation, as well as close collaboration with IT, compliance, and customer support teams. Regularly updating risk models and fostering communication across departments are key to addressing these challenges effectively.
What are popular job titles related to Payment Risk Manager jobs in Michigan? For Payment Risk Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Payment Risk Manager jobs in Michigan look for? The top searched job categories for Payment Risk Manager jobs in Michigan are:
What cities in Michigan are hiring for Payment Risk Manager jobs? Cities in Michigan with the most Payment Risk Manager job openings:
Payment Risk Manager jobs near you

Risk Management Specialist

Meijer, Inc.

Grand Rapids, MI • On-site

Full-time

Posted 23 days ago

Meijer rating

6.2

Company rating: 6.2 out of 10

Based on 1,619 frontline employees who took The Breakroom Quiz

19th of 39 rated national retailers

Job description

As a family company, we serve people and communities. When you work at Meijer, you're provided with career and community opportunities centered around leadership, personal growth and development. Consider joining our family - take care of your career and your community!
Meijer Rewards
  • Weekly pay
  • Scheduling flexibility
  • Paid parental leave
  • Paid education assistance
  • Team member discount
  • Development programs for advancement and career growth

Please review the job profile below and apply today!
Adjudicates general liability claims.
What You'll Be Doing:
  • Handle and evaluate assigned represented claims.
  • Conduct claim investigations for Represented claims, including store visits and recorded statements when appropriate.
  • Assist in the evaluation of claims for potential indemnification from outside sources.
  • Assist with the administration of complicated claims being handled by examiners.
  • Audit examiner claim files.
  • Train and mentor claims staff.
  • Handle and evaluate assigned False Arrest claims.
  • Handle and evaluate assigned Pharmacy claims.
  • Participate in Claim review meetings.
  • Assist in the development of the claim handling procedures to enhance efficiency.
  • Assist units with training and information.
  • Approve claim payments within assigned authority limits.
  • Maintain timely, accurate & complete claim activity diaries.
  • Complete special projects as directed by the Risk Manager.
  • Handles and evaluates Auto Liability claims.
  • This job profile is not meant to be all inclusive of the responsibilities of this position; may perform other duties as assigned or required.

What You Bring With You (Qualifications):
  • Bachelor's degree or equivalent experience.
  • 5 years of claims adjusting experience.
  • Strong communication, analytical and negotiation skills.
  • Self-motivation.

What Meijer employees say

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