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Risk Management Jobs in Michigan (NOW HIRING)

Reporting to the Partnership Risk Management & Treasury Management Manager, this role is responsible for developing and executing ongoing control monitoring across bank partnerships involving digital ...

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Risk Management information

See Michigan salary details

$44.9K

$97.2K

$148.2K

How much do risk management jobs pay per year?

As of Aug 7, 2026, the average yearly pay for risk management in Michigan is $97,232.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,400.00 and $112,400.00 per year, depending on experience, location, and employer.

What is the difference between Risk Management vs Insurance Analyst?

AspectRisk ManagementInsurance Analyst
CertificationsCRM, FRM, ARMACII, CPCU, CIC
Work EnvironmentCorporate, financial institutions, large organizationsInsurance companies, brokerage firms
Primary FocusIdentifying, assessing, and mitigating risks across the organizationAnalyzing insurance policies, assessing claims, and recommending coverage

Risk Management involves developing strategies to minimize organizational risks, while Insurance Analysts focus on evaluating insurance policies and claims. Both roles require analytical skills and industry knowledge, but Risk Managers have a broader scope in risk mitigation, whereas Insurance Analysts specialize in insurance products and claims processing.

What is risk management?

Risk management is the process of identifying, assessing, and prioritizing potential risks to an organization, followed by implementing strategies to minimize or control their impact. It involves analyzing threats that could negatively affect assets, operations, or earning capacity. Professionals in risk management develop plans to mitigate risks, ensure compliance with regulations, and help organizations make informed decisions. Effective risk management helps businesses stay resilient, avoid losses, and achieve their objectives.

Is risk management a good career?

Risk management is a valuable career that involves identifying, assessing, and mitigating potential threats to an organization. It often requires strong analytical skills, knowledge of industry regulations, and certifications such as FRM or CRM. The field offers diverse opportunities across industries and can provide stable employment and advancement potential.

Do risk managers make good money?

Risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual pay ranges from $70,000 to over $120,000, with higher earnings possible for those with advanced certifications like FRM or CRM. The role often requires strong analytical skills and knowledge of risk assessment tools.

What are some common challenges faced by risk management professionals when implementing new risk mitigation strategies?

Risk management professionals often encounter challenges such as balancing risk reduction with business objectives, gaining buy-in from stakeholders, and effectively communicating the value of new mitigation strategies. Implementing changes may require cross-departmental collaboration and can face resistance if perceived as disruptive or costly. Staying updated with regulatory changes and ensuring compliance while adapting processes is also a common hurdle, making strong communication and project management skills essential.

What jobs can you get with risk management?

Risk management skills can lead to roles such as risk analyst, risk manager, compliance officer, insurance underwriter, and internal auditor. These positions involve assessing and mitigating financial, operational, or strategic risks using tools like risk assessment software and requiring certifications such as FRM or CRM.

What are careers in risk management?

Careers in risk management involve identifying, assessing, and mitigating potential risks that could affect an organization’s assets, operations, or reputation. Professionals in this field often work in industries such as finance, insurance, or healthcare, using tools like risk assessment models and pursuing certifications like the Certified Risk Manager (CRM). These roles typically require strong analytical skills and knowledge of industry regulations.

What are the key skills and qualifications needed to thrive in risk management?

To thrive in Risk Management, you need strong analytical abilities, a solid understanding of finance and compliance, and typically a degree in business, finance, or a related field. Familiarity with risk assessment tools, risk management information systems (RMIS), and certifications such as FRM (Financial Risk Manager) or CRM (Certified Risk Manager) are highly beneficial. Excellent communication, critical thinking, and problem-solving skills help professionals effectively assess risks and advise stakeholders. These skills are crucial for identifying potential threats, minimizing losses, and ensuring organizational resilience.
What are the most commonly searched types of Risk Management jobs in Michigan? The most popular types of Risk Management jobs in Michigan are:
What are popular job titles related to Risk Management jobs in Michigan? For Risk Management jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Risk Management jobs in Michigan look for? The top searched job categories for Risk Management jobs in Michigan are:
What cities in Michigan are hiring for Risk Management jobs? Cities in Michigan with the most Risk Management job openings:
Infographic showing various Risk Management job openings in Michigan as of August 2026, with employment types broken down into 66% Full Time, 6% Part Time, and 28% Contract. Highlights an 78% In-person, 11% Hybrid, and 11% Remote job distribution, with an average salary of $97,232 per year, or $46.7 per hour.

Risk Management Specialist

Zeal Credit Union

Livonia, MI • On-site

Full-time

Posted 27 days ago


Job description

SummaryThe primary purpose of this position is to assist the credit union in achieving its service mission of building trusted relationships by providing our members with superior financial solutions and outstanding service. The Risk Management Specialist works within the Risk Management department and is responsible for identifying, assessing, monitoring, and making recommendations to manage and mitigate operational, fraud, and compliance-related risks across the organization. This role supports Bank Secrecy Act (BSA) compliance, fraud prevention and investigations, suspicious activity monitoring, and regulatory reporting.Role OverviewAs a Risk Management Specialist, you’ll help protect Zeal Credit Union by identifying, investigating, and documenting potential fraud and BSA/AML risk, while ensuring required reporting is accurate and timely. This role supports member trust and regulatory readiness through consistent analysis and clear communication.Key responsibilities include reviewing BSA/fraud alerts and watchlist matches; researching suspicious activity; preparing and reviewing SARs and CTRs; monitoring BSA-related findings and trends; supporting audits/exams; collaborating with internal teams and external partners to reduce loss exposure; and maintaining punctuality and onsite attendance.Required Qualifications1–3+ years in risk management, fraud prevention, BSA/AML, or related financial institution workAssociate’s/Bachelor’s degree or equivalent experienceExperience with fraud investigations and risk mitigation practices Working knowledge of BSA, Patriot Act, OFAC; experience with SAR/CTR preparationMicrosoft Office proficiencyExperience preparing and reviewing CTRs and SARsKnowledge of LARA business-account licensing/regulationsStrong analytical, organizational, and written/verbal communication skillsExcellent time management skills with a results-oriented mindset Schedule (subject to change):Monday-Friday 9:00am-5:00pmAre you ready for an exciting opportunity?If your experience aligns with these requirements, we invite you to submit your application today!Zeal Credit Union is committed to a policy of equal treatment and opportunity in every aspect of its relations with employees, without regard to race, sex, color, religion, gender identity, sexual orientation, height, weight, national origin, citizenship status, age, military or veteran status, or disability, or any other classification protected by applicable federal, state or municipal law. Applicants may request accommodation during the application process by contacting 800-321-8570 OR mail-HumanResource@zealcu.org. 
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