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Payment Risk Manager Jobs in Michigan (NOW HIRING)

MyMichigan Health

Claims Manager

Midland, MI · On-site

Obtain approval for payments from appropriate resources for payments exceeding preapproved amount ... Analyzes and trends system claims data to identify issues and utilizes the Risk Management ...

LAFCU

Card Services Manager

Lansing, MI · On-site

... efficiency, and risk management across the card services function. Essential Functions ... Support member education related to card features, security, and digital payment tools. * Lead ...

LAFCU

Card Services Manager

Lansing, MI · On-site

... efficiency, and risk management across the card services function. Essential Functions ... Support member education related to card features, security, and digital payment tools. * Lead ...

Fifth Third

Treasury Management Officer

Detroit, MI · On-site

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns ... Demonstrate ability to understand payment processes. * Demonstrate proficiency in knowledge of all ...

CDM Smith

Project Manager IV

Detroit, MI

Assesses potential project risk and outlines risk mitigation solutions. Ensures adherence to ... Responsible for ensuring timely client payment and follows up on outstanding client invoices to ...

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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 do risk managers get paid?

Payment Risk Managers typically earn a salary ranging from $70,000 to $130,000 annually, depending on experience, location, and industry. Senior roles or those with specialized skills in fraud detection or data analysis can earn higher compensation, often supplemented with bonuses and benefits.

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.

How much does a risk manager get paid?

A Payment Risk Manager typically earns between $70,000 and $130,000 annually, depending on experience, location, and the size of the organization. Senior roles or those with specialized skills in fraud detection and risk assessment can earn higher salaries, often exceeding $150,000. Compensation may also include bonuses and benefits related to financial and risk management expertise.

Are risk managers in high demand?

Risk managers, including those in payment risk management, are in high demand due to the increasing need for financial security and fraud prevention across industries. Organizations seek professionals with skills in data analysis, compliance, and risk assessment to mitigate financial losses and ensure regulatory adherence.

Do risk managers make good money?

Payment Risk Managers typically earn competitive salaries that vary based on experience, location, and industry. According to industry data, median salaries range from $70,000 to over $120,000 annually, with additional bonuses and benefits often included. Advanced skills in data analysis, fraud detection, and risk assessment can lead to higher compensation levels.

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

Payments Product Owner

Artius Solutions

Benton Harbor, MI • On-site

Full-time

Posted 28 days ago

Job description

Payments Product Owner / Payments LeadLocation: Benton Harbor, MI 49022 (Onsite/Hybrid – Based on Business Need)
Employment Type: Contract / Contract-to-Hire
Schedule: Full-Time
Position Overview

We are seeking an experienced Payments Product Owner / Payments Lead to drive the strategy, roadmap, and execution of payment solutions across Direct-to-Consumer (D2C) eCommerce platforms.

This is a high-impact role responsible for delivering seamless, secure, and optimized payment experiences while ensuring compliance, fraud prevention, and operational excellence.

The ideal candidate brings strong product management experience in payments/fintech, deep technical understanding of payment ecosystems, and the ability to collaborate cross-functionally across IT, Finance, Compliance, and Customer Experience teams.

Key ResponsibilitiesPayments Strategy & Roadmap

  • Define and maintain the payments product vision and roadmap

  • Align payment initiatives with overall business and D2C objectives

  • Identify opportunities to improve checkout conversion and reduce friction

Stakeholder Collaboration

  • Partner with Engineering, Finance, Legal, Compliance, Marketing, AR, and Customer Service teams

  • Ensure alignment on priorities, releases, and product enhancements

Payment Optimization & Performance

  • Monitor payment KPIs (authorization rates, chargebacks, fraud rates, processing costs)

  • Identify performance gaps and implement optimization strategies

  • Partner with Accounts Receivable and Consumer Services to troubleshoot payment issues

Compliance & Risk Management

  • Ensure adherence to PCI-DSS, GDPR, and payment security standards

  • Collaborate with security and compliance teams to mitigate fraud risks

Requirements & Backlog Management

  • Gather business requirements and translate them into user stories

  • Prioritize and manage product backlog

  • Work closely with development teams during implementation cycles

Market & Industry Analysis

  • Stay current on payment regulations, emerging technologies, and competitive landscape

  • Evaluate and implement new payment methods and digital wallets

Required Qualifications

  • Bachelor’s degree in Business, Finance, Computer Science, or related field (preferred)

  • 3+ years of Product Management experience in Payments / FinTech / eCommerce

  • Strong understanding of:

    • Credit & Debit Card processing

    • ACH transactions

    • Mobile wallets (Apple Pay, etc.)

    • Fraud prevention tools

    • Payment gateways & billing systems

  • Experience implementing multiple payment methods including:

    • Visa

    • Mastercard

    • Discover

    • Amex

    • PayPal

    • Apple Pay

    • Acima

    • Affirm

  • Experience working with QuickLizard preferred

  • Strong analytical and reporting skills

  • Excellent communication and stakeholder management abilities

  • Ability to work in fast-paced, deadline-driven environments

Preferred Skills

  • Experience in D2C eCommerce platforms

  • Background in financial systems integration

  • Data-driven decision-making approach

  • Experience improving payment authorization & conversion rates

.