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Senior Operational Risk Analyst Jobs in Michigan

Ilitch Companies

Risk & Finance Analyst

Detroit, MI · On-site

The Risk and Finance Analyst will play a critical role in supporting the operations and financial management of two captive insurance companies. This position is responsible for comprehensive risk ...

Ilitch Companies

Risk & Finance Analyst

Detroit, MI

The Risk and Finance Analyst will play a critical role in supporting the operations and financial management of two captive insurance companies. This position is responsible for comprehensive risk ...

Venteon

Senior Manager - Risk Management

Troy, MI · On-site

Sr. Manager Financial Risk Venteon is currently seeking a Sr. Manager Financial Risk. The ideal ... Proficiency in treasury, risk management, and financial systems, with strong analytical and ...

Citizens

First Line Risk Sr Manager

Southfield, MI · Hybrid

$115K - $125K/yr

You will provide and direct complex analysis on product and customer strategies to establish risk ... You will work with the Senior Director/Director to adhere to internal governance processes and ...

Citizens

First Line Risk Sr Manager

Southfield, MI · Hybrid

$115K - $125K/yr

You will provide and direct complex analysis on product and customer strategies to establish risk ... You will work with the Senior Director/Director to adhere to internal governance processes and ...

Deloitte

Financial Risk Senior Consultant

Detroit, MI

$115.30K/yr

... operational, regulatory, and technology risks, contributing ideas and analysis to risk mitigation ... The ideal Senior Consultant demonstrates: * The ability to build strong client and team ...

Corporate Services

Sr. Vulnerability Analyst

Detroit, MI

$95K - $124.20K/yr

Senior Vulnerability Analyst is a key role in advancing vulnerability management throughout the ... of operational / technology auditing & risk, offensive testing, threat assessment, and ...

Technomics Inc

Senior Analyst

Troy, MI · On-site

$83.60K - $110.70K/yr

Develop independent or program life cycle cost estimates and accompanying risk, uncertainty and ... Understanding of weapons and/or automated information systems design, production, operations, and ...

Technomics

Senior Analyst

Troy, MI · On-site

$83.60K - $110.70K/yr

Develop independent or program life cycle cost estimates and accompanying risk, uncertainty and ... Understanding of weapons and/or automated information systems design, production, operations, and ...

Merican

Business Analyst Sr

Detroit, MI · On-site

$91.60K - $118.30K/yr

... analysis, risk assessment, and action planning to support operational improvements * Plan ... to senior and executive leadership * Strong organizational and time-management skills with the ...

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Senior Operational Risk Analyst information

See Michigan salary details

$46.6K

$95.7K

$124.2K

How much do senior operational risk analyst jobs pay per year?

As of May 29, 2026, the average yearly pay for senior operational risk analyst in Michigan is $95,741.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,900.00 and $119,400.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Senior Operational Risk Analyst, and why are they important?

A Senior Operational Risk Analyst must have strong analytical skills, in-depth knowledge of risk management frameworks, and a relevant degree such as finance, business, or risk management. Proficiency with risk assessment software, data analytics tools (like SAS or Excel), and certifications such as FRM or ORM are commonly required. Outstanding communication, attention to detail, and problem-solving abilities help them collaborate effectively and deliver actionable insights. These skills ensure accurate risk identification, effective mitigation strategies, and compliance with regulatory standards.

How does a Senior Operational Risk Analyst typically collaborate with other departments to identify and mitigate risks?

A Senior Operational Risk Analyst works closely with departments such as compliance, internal audit, IT, and business units to identify, assess, and monitor operational risks. This collaboration often involves regular meetings, risk workshops, and sharing of data or incident reports to ensure all potential risks are captured and managed effectively. The analyst also helps develop and implement risk mitigation strategies, offering guidance and training to staff across teams. Effective communication and relationship-building are essential, as the role often requires balancing diverse perspectives to support the organization's risk management objectives.

What does a Senior Operational Risk Analyst do?

A Senior Operational Risk Analyst is responsible for identifying, assessing, and mitigating risks that could affect an organization’s operations. They analyze internal processes, monitor compliance with regulations, and develop strategies to minimize potential losses or disruptions. In this role, they collaborate with various departments to ensure effective risk management and provide recommendations for improving controls. Their expertise helps protect the organization from financial, reputational, and operational harm.

What is the difference between Senior Operational Risk Analyst vs Operational Risk Analyst?

AspectSenior Operational Risk AnalystOperational Risk Analyst
Required CredentialsBachelor's degree, professional certifications (e.g., ORM, FRM)Bachelor's degree, some certifications preferred
Work EnvironmentFinancial institutions, large corporations, risk management teamsFinancial firms, banks, insurance companies
Employer & Industry UsageUsed in senior roles within risk departmentsEntry to mid-level roles in risk management
Common Search & ComparisonOften compared for career progressionBase role for operational risk careers

The main difference between a Senior Operational Risk Analyst and an Operational Risk Analyst lies in experience, responsibilities, and seniority. The senior role typically involves more complex risk assessments, leadership, and strategic input, while the operational risk analyst focuses on data collection, analysis, and supporting risk management processes. Both roles are essential in financial and corporate sectors, with the senior position representing a step up in expertise and scope.

What are popular job titles related to Senior Operational Risk Analyst jobs in Michigan? For Senior Operational Risk Analyst jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Senior Operational Risk Analyst jobs in Michigan look for? The top searched job categories for Senior Operational Risk Analyst jobs in Michigan are:
Senior Operational Risk Analyst jobs near you

Risk & Finance Analyst

Ilitch Companies

Detroit, MI • On-site

Full-time

Posted 21 days ago

Job description

Job Summary:
The Risk and Finance Analyst will play a critical role in supporting the operations and financial management of two captive insurance companies. This position is responsible for comprehensive risk analysis, financial reporting, and strategic support for the captive insurance program. This role requires a highly analytical, detail-oriented professional who can navigate complex financial landscapes while maintaining the utmost discretion and confidentiality.
Key Responsibilities:
  • Conduct detailed financial analysis and risk assessments for the captive insurance companies.
  • Prepare comprehensive financial reports and dashboards for leadership, highlighting key performance indicators, risk exposures, and financial performance.
  • Assist in developing and maintaining underwriting guidelines and risk assessment methodologies.
  • Support the actuarial process by analyzing claims data and challenging actuarial reports.
  • Collaborate with internal stakeholders, including family office leadership and operating company representatives, to understand and address risk management needs.
  • Perform in-depth research on insurance market trends, regulatory changes, and emerging risk factors that may impact the captive insurance strategy.
  • Assist in the development and evaluation of potential new insurance lines or coverage expanses.
  • Maintain detailed documentation of risk management processes, financial analyses, and strategic recommendations.
  • Ensure compliance with regulatory requirements and reporting standards for captive insurance operations.
  • Assist with budgets, forecasts, and other ad hoc risk and finance - related performance reporting.
  • Perform other duties as assigned.

Required Skills, Knowledge and Abilities:
  • Bachelor's degree in finance, Risk Management, Actuarial Science, or related field.
  • 3-5 years of experience in captive insurance, risk management, or financial analysis.
  • Strong analytical skills with advanced proficiency in financial modeling and data analysis.
  • Excellent understanding of insurance principles, risk management techniques, and financial reporting.
  • Proficiency in advanced Excel, financial analysis software, and business intelligence tools.
  • Ability to handle highly sensitive and confidential information with absolute discretion.
  • Exceptional attention to detail and commitment to accuracy.
  • Strong communication skills, able to translate complex financial and risk concepts for leadership.
  • Demonstrated ability to work independently with a high degree of autonomy.
  • Proven capability of maintaining strict confidentiality when dealing with family office matters.

Preferred Skills, Knowledge and Abilities:
  • Professional certifications such as ARM (associate in risk management) or CPCU (Chartered Property Casualty Underwriter) preferred.

Working Conditions:
  • Works in a normal office environment where there is no discomfort due to temperature, noise, dust and the like.

The physical demands and work environment characteristics described here are representative of those a colleague encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The above is intended to describe the essential job functions, the general supplemental functions and the essential requirements for the performance of this job. It is not to be construed as an exhaustive statement of all supplemental duties, responsibilities or nonessential requirements. IFO Group, LLC has the right to change, modify, suspend, interrupt or cancel in whole or in part any job functions outlined in a job description at any time and without advance notice to the employee.
All items listed above are illustrative and not comprehensive. They are not contractual in nature and are subject to change at the discretion of Ilitch Holdings, Inc.
Ilitch Holdings, Inc. is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regards to that individual's race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender identity, age, physical or mental disability, veteran status, genetic information, ethnicity, citizenship, or any other characteristic protected by law.
The Company will strive to provide reasonable accommodations to permit qualified applicants who have a need for an accommodation to participate in the hiring process (e.g., accommodations for a job interview) if so requested.
This company participates in E-Verify. Click on any of the links below to view or print the full poster. E-Verify and Right to Work.
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