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Risk Analyst Jobs in Michigan (NOW HIRING)

Risk Analyst

Detroit, MI · Hybrid

$95K - $110K/yr

Risk Analyst - Detroit Who: A growing auto finance company building out its credit risk team. What: Analyze and forecast repossessions, origination risks, servicing exposure, and overall credit ...

Required Skills The job is to assess the controls at our suppliers to ensure that they are adequate to mitigate the risk of outsourcing to that supplier. This assessment would be accomplished by ...

About the Role As a member of the Information Security team, the IS GRC - Risk & Compliance Senior Analyst will support the firm's Governance, Risk, and Compliance (GRC) program by managing security ...

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Risk Analyst information

See Michigan salary details

$13

$35

$57

How much do risk analyst jobs pay per hour?

As of Aug 8, 2026, the average hourly pay for risk analyst in Michigan is $35.29, according to ZipRecruiter salary data. Most workers in this role earn between $25.96 and $42.93 per hour, depending on experience, location, and employer.

What is the difference between Risk Analyst vs Credit Analyst?

AspectRisk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CFABachelor's degree in finance, economics, or related field; certifications like CFA or credit-specific courses
Work EnvironmentFinancial institutions, consulting firms, insurance companiesBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across various industries to assess overall riskPrimarily in banking and lending sectors to evaluate creditworthiness

While both Risk Analysts and Credit Analysts assess financial data, Risk Analysts focus on identifying and mitigating overall risks across an organization, whereas Credit Analysts specifically evaluate the creditworthiness of individuals or companies for lending decisions.

What are the key skills and qualifications needed to thrive as a risk analyst, and why are they important?

To thrive as a Risk Analyst, you need strong analytical abilities, quantitative skills, and a background in finance, economics, or a related field—often supported by a bachelor's degree. Familiarity with risk modeling tools (such as SAS, R, or Excel), data analysis software, and sometimes certifications like FRM or CFA is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies enable accurate risk assessment and informed decision-making, which are essential for minimizing potential losses and supporting organizational stability.

What does a risk analyst do?

A Risk Analyst is responsible for identifying, assessing, and mitigating potential risks that could negatively impact an organization’s financial standing or operations. They analyze data, evaluate potential threats, and recommend strategies to minimize or manage risks. Risk Analysts often work in industries such as finance, insurance, and consulting, and use various tools and models to support decision-making processes. Their work helps organizations make informed choices and maintain compliance with regulatory requirements.

How does a risk analyst typically collaborate with other departments to manage organizational risk?

Risk Analysts frequently work cross-functionally, partnering with departments like finance, compliance, operations, and IT to identify and assess potential risks. They gather insights from various teams to develop comprehensive risk profiles and recommend mitigation strategies tailored to each area. Effective communication and collaboration are essential, as Risk Analysts must align their analyses with organizational objectives and ensure all stakeholders understand the impact and likelihood of risks. This collaborative environment also offers valuable opportunities to expand professional networks and gain broad organizational knowledge.

What is a risk analyst?

Risk analysts evaluate an organization’s investment portfolio and other business ventures to identify potential losses and find ways to reduce or eliminate those issues. They predict which investments may be a financial risk to the company and suggest alternative funds to purchase instead. Strategies for limiting risk include diversification, currency exchange, and other consistent growth stocks. This career is a high-pressure job since it often involves the handling of large amounts of money and investments, and analysts need to have a strong understanding of the financial market and what risk factors may affect clients.

What are the most commonly searched types of Risk Analyst jobs in Michigan? The most popular types of Risk Analyst jobs in Michigan are:
What are popular job titles related to Risk Analyst jobs in Michigan? For Risk Analyst jobs in Michigan, the most frequently searched job titles are:
What cities in Michigan are hiring for Risk Analyst jobs? Cities in Michigan with the most Risk Analyst job openings:
Infographic showing various Risk Analyst job openings in Michigan as of August 2026, with employment types broken down into 81% Full Time, 5% Part Time, and 14% Contract. Highlights an 95% In-person, 3% Hybrid, and 2% Remote job distribution, with an average salary of $73,397 per year, or $35.3 per hour.

Risk Analyst

Staff Financial Group

Detroit, MI • Hybrid

$95K - $110K/yr

Full-time

Re-posted 3 days ago


Job description

Risk Analyst – Detroit

Who: A growing auto finance company building out its credit risk team.
What: Analyze and forecast repossessions, origination risks, servicing exposure, and overall credit performance.
When: Newly created position due to organizational expansion.
Where: Targeting candidates in Detroit.
Why: Risk analytics are critical to portfolio health and informing lending strategy.
Office Environment: Hybrid model (up to 2 days in office if transitioned), not posted as remote.
Salary: $95,000–$110,000 base plus 5% discretionary bonus.