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Risk Operations Jobs in Michigan (NOW HIRING)

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology risks as well as risk mitigation strategies for our clients * Understand the impact of key technology ...

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Risk Operations information

Is risk management high paying?

Risk management professionals often earn competitive salaries, especially with experience, certifications, and in certain industries like finance or insurance. Entry-level roles may have moderate pay, but senior positions can be highly lucrative, reflecting the importance of risk assessment and mitigation skills.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000. Certifications like FRM or CFA can also influence salary levels.

What are the most common challenges faced by professionals in Risk Operations, and how can they be overcome?

Professionals in Risk Operations frequently encounter challenges such as rapidly evolving fraud tactics, balancing regulatory compliance with efficient operations, and managing large volumes of data for decision-making. Staying updated with the latest fraud trends and regulatory changes is essential, as is collaborating closely with compliance, customer service, and IT teams. Utilizing advanced analytics tools and ongoing training can help address these challenges, ensuring risks are identified quickly while maintaining a positive customer experience.

What qualifications do I need to be a Risk Manager?

A Risk Manager typically needs a bachelor's degree in finance, business, or a related field, along with experience in risk assessment or management. Professional certifications such as the Certified Risk Manager (CRM) or Financial Risk Manager (FRM) can enhance qualifications. Strong analytical skills, knowledge of industry regulations, and proficiency with risk management tools are also important.

What are risk operations?

Risk operations refer to the processes and teams within an organization that are responsible for identifying, assessing, managing, and mitigating risks related to business activities. This can include monitoring transactions for fraud, ensuring compliance with regulations, analyzing data to detect suspicious activity, and implementing controls to protect the company from financial and reputational harm. Risk operations professionals often work closely with legal, compliance, and security teams to develop strategies and tools that minimize potential losses. Their work is essential for maintaining trust with customers and meeting regulatory requirements.

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

To thrive in Risk Operations, you need strong analytical skills, attention to detail, and a background in finance, business, or a related field, often supported by a relevant degree. Familiarity with risk management systems, data analysis tools like Excel or SQL, and sometimes certifications such as FRM or CAMS are typically required. Excellent problem-solving abilities, communication, and adaptability help you stand out in this role. These skills are vital for accurately identifying, assessing, and mitigating operational risks to protect the organization's assets and ensure regulatory compliance.

What is the difference between Risk Operations vs Risk Analyst?

AspectRisk OperationsRisk Analyst
Required CredentialsBachelor's degree, certifications like FRM or CRM often preferredBachelor's degree, certifications like FRM or CRM often preferred
Work EnvironmentOperational teams, risk management departments, often in financial institutionsAnalytical teams, risk management units, in finance and banking sectors
Employer & Industry UsageUsed across financial services, banking, insurance for risk management processesCommonly employed in finance, banking, and investment firms for risk assessment

Risk Operations and Risk Analyst roles share similar credentials and industry usage, but Risk Operations focuses on managing risk processes and systems, while Risk Analysts primarily analyze data to identify risks. Both roles are vital in financial sectors, often working closely together to ensure comprehensive risk management.

What does a risk operations team do?

A risk operations team manages and monitors an organization's risk exposure by analyzing data, implementing risk mitigation strategies, and ensuring compliance with regulations. They often use tools like risk management software and require strong analytical skills to identify potential threats and prevent financial or operational losses.
What are the most commonly searched types of Risk Operations jobs in Michigan? The most popular types of Risk Operations jobs in Michigan are:
What are popular job titles related to Risk Operations jobs in Michigan? For Risk Operations jobs in Michigan, the most frequently searched job titles are:
What cities in Michigan are hiring for Risk Operations jobs? Cities in Michigan with the most Risk Operations job openings:
Risk Research Specialist I - Remote in MI ONLY!

Risk Research Specialist I - Remote in MI ONLY!

Credibly

Southfield, MI • On-site

$18/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 27 days ago

Be an early applicant


Job description

Description:

Who We Are:


A Top Place to Work!


We believe in small businesses and the people who grow them. At Credibly, we leverage cutting-edge data science, technology, partner relations, and customer support to provide business owners with accelerated access to right-sized capital solutions. From working capital loans and merchant cash advances to lines of credit, we offer a suite of financing products that can accommodate nearly any stage of business development or credit profile.


Founded in 2010 with offices in Michigan, New York, and Arizona, we have provided access to over $3.1 billion to more than 61,000 small businesses nationwide. On top of being nominated as one of Crain’s 50 fastest growing companies in New York and making several appearances on the Inc. 500 list, Credibly was also recently named a Top 25 Lending Technology Company by The Financial Technology Report.


The Opportunity

We are looking for an analytical Risk Research Specialist to join our team. This is a critical role for a detail-oriented professional who excels at investigative research and complex problem-solving. You will be responsible for validating the authenticity of business data, identifying potential risk indicators, and ensuring the integrity of our underwriting pipeline.


What You Will Do:
  • Advanced Data Verification: Conduct deep-dive investigative research into applicant information by cross-referencing multiple internal and external data sources to verify business legitimacy and financial health.
  • Critical Risk Analysis: Analyze discrepancies in applicant documentation; independently resolve complex verification issues by applying sound critical thinking and judgment.
  • Operational Performance: Maintain high standards of accuracy and thoroughness while meeting daily production benchmarks in a fast-paced fintech environment.
  • Cross-Functional Collaboration: Partner with underwriting and partner relations teams to provide clear, actionable insights derived from your research, supporting Crediby’s goal of accelerated, right-sized capital solutions.
  • Process Improvement: Identify and document patterns of risk or process inefficiencies to support platform enhancements and improve data quality.


What Makes You Special:
  • Analytical Mindset: Proven ability to synthesize information from various sources to form a clear, risk-based conclusion.
  • Problem-Solving Excellence: Demonstrated history of independently identifying issues and seeing them through to resolution, even when data is ambiguous.
  • Technical Literacy: Advanced proficiency with Microsoft Excel (e.g., data manipulation, VLOOKUPs, pivot tables) and experience with CRM or internet-based verification tools.
  • Communication & Composure: Excellent written and oral communication skills, with the ability to articulate complex risk findings to stakeholders.
  • Experience & Education: 1-3 years of experience in data analysis, financial verification, underwriting support, or risk operations.
  • Efficiency: Ability to type 60+ WPM with high accuracy.


How You Will Benefit:


  • Flexible working conditions, via hybrid remote/in-office work
  • Generous PTO package
  • 8 Paid Company Holidays
  • Paid Parental Leave, Bereavement, and Jury Duty
  • 401k with company match (and 100% vesting after 2 years)
  • Medical insurance through BCBSM or BCN
  • Dental and Vision provided by BCBS?
  • HSA and FSA available, including LPFSA and Dependent Care
  • Company paid life insurance and short-term disability
  • Additional optional insurances


Requirements: