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Payment Risk Manager Jobs in Detroit, MI (NOW HIRING)

McLaren

Coordinator Managed Care

Auburn Hills, MI · On-site

$18.25 - $24.50/hr

Responsible for implementing, operationalizing and administration of third-party payor/Managed Care ... payments, risk contracting, capitation and bundled payments. 3. Five+ (5) years' experience in ...

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 ...

SpotOn

Product Manager (Payments)

Royal Oak, MI · Remote

$180K - $225K/yr

Your success will be measured by payment performance (authorization rates, latency, and resiliency ... Partner with risk, compliance, and security to ensure adherence to network rules and PCI DSS, and ...

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All JobsPayment Risk Manager JobsPayment Risk Manager Jobs in Detroit, MI

Payment Risk Manager information

See Detroit, MI salary details

$51K

$110.4K

$168.3K

How much do payment risk manager jobs pay per year?

As of Jun 17, 2026, the average yearly pay for payment risk manager in Detroit, MI is $110,436.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,100.00 and $127,700.00 per year, depending on experience, location, and employer.

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 Detroit, MI? For Payment Risk Manager jobs in Detroit, MI, the most frequently searched job titles are:
What job categories do people searching Payment Risk Manager jobs in Detroit, MI look for? The top searched job categories for Payment Risk Manager jobs in Detroit, MI are:
What cities near Detroit, MI are hiring for Payment Risk Manager jobs? Cities near Detroit, MI with the most Payment Risk Manager job openings:
Payment Risk Manager jobs near you
Insurance and Risk Manager

Insurance and Risk Manager

Project Worldwide

Auburn Hills, MI • Hybrid

$90K - $130K/yr

Other

Posted 7 days ago

Job description

Insurance and Risk Manager

Employment type: Full-time/Hybrid- Must be able to commute to office 2x per month


$90,000-$130,000 annually


Job Description

Manage and oversee the organization’s comprehensive corporate insurance and global risk management program, assessing and identifying risks, implementing solutions to eliminate or minimize exposures, and reduce insurance premiums for the success of the organization.


Essential Responsibilities:

  • Manage relationships with brokers, carriers, bankers, and third-party vendors
  • Coordinate and submit the gathering of insurance policy renewal data
  • Lead insurance renewals, contract reviews, audits, premium analysis, and payments
  • Manage GL and WC claims and ensure compliance with risk management policies
  • Work closely with the Treasury Team on global Risk Management and Treasury projects


Insurance:

  • Prepare, implement, and oversee insurance policies and procedures
  • Manage insurance procurement, develop and implement risk management and compliance policies/procedures, and manage claims and litigation Manage and track premium payments and endorsements to policies
  • Review renewal policies and compare various methods of insurance coverage
  • Assess proper internal cross-charges for global premiums
  • Review contractual insurance language
  • Report exposures, claims and statistics to senior management
  • Identify and evaluate loss exposures and develop programs to mitigate risk
  • Monitor all risk management related costs to identify opportunities for cost savings
  • Assist various internal departments with managing insurance requirements for clients/events
  • Support existing workplace safety programs and assist with new policies and procedures


Treasury:

  • Assist with processing of domestic and international wire/ACH payments as needed
  • Assist with Execute Line of Credit borrowing/investment transactions as needed
  • Assist with Cash Management of daily and monthly cash reporting and posting as needed
  • Assist with Treasury tasks, responsibilities, and special projects as needed
  • Manage bank user security entitlements and mandate audit requirements related to bank accounts and all financial transactions


Education, Experience and Skills

  • Bachelor’s degree in Finance, Accounting, or Risk Management required
  • 5+ years of insurance and risk management experience
  • Strong financial analysis skills
  • Ability to multi-task and meet deadlines with minimal supervision
  • Superior organization, project management skills and mindfulness
  • Knowledge of insurance laws, loss control management and claims administration procedures
  • Strong with MS Office applications (Word, Excel, PowerPoint, etc.)

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