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Senior Risk Analyst Jobs in Grand Rapids, MI (NOW HIRING)

Sr. Business Analyst

Grand Rapids, MI · On-site

$88K - $114K/yr

Position : Sr. Business Analyst Location : Grand Rapids, MI Hybrid (1 time a week) LOCALS Duration ... We're looking for a Risk Adjustment Business Analyst with strong expertise in CMS regulations ...

Supporting the Risk Analyst and Senior Manager of Insurance with various insurance-related tasks * Pitching in with other duties as needed - every day brings something new! We're seeking someone who ...

Supporting the Risk Analyst and Senior Manager of Insurance with various insurance-related tasks * Pitching in with other duties as needed -- every day brings something new! We're seeking someone who ...

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Senior Risk Analyst information

See Grand Rapids, MI salary details

$49.7K

$102K

$132.3K

How much do senior risk analyst jobs pay per year?

As of Aug 22, 2026, the average yearly pay for senior risk analyst in Grand Rapids, MI is $101,981.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,000.00 and $127,200.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a senior risk analyst?

To thrive as a Senior Risk Analyst, you need strong analytical skills, a solid grasp of risk assessment methodologies, and typically a degree in finance, economics, or a related field. Proficiency with risk management software, data analysis tools like Excel, and familiarity with regulatory frameworks such as Basel III or SOX is often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies are vital for ensuring accurate risk identification and mitigation, supporting sound business decisions, and maintaining regulatory compliance.

How does a senior risk analyst typically collaborate with other departments to identify and mitigate risks?

Senior Risk Analysts regularly work with teams across the organization, such as compliance, finance, operations, and IT, to identify emerging risks and implement mitigation strategies. They often participate in cross-functional meetings, provide insights from data analysis, and help develop policies that address both regulatory requirements and business objectives. Building strong working relationships and communicating complex risk scenarios in an accessible way are key to ensuring coordinated risk management efforts. This collaborative approach not only helps in early detection of potential issues but also fosters a proactive risk culture within the company.

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

AspectSenior Risk AnalystRisk Analyst
Required CredentialsBachelor's degree, often certifications like FRM or CRMBachelor's degree, some certifications like FRM or CRM
Work EnvironmentFinancial institutions, insurance companies, consulting firmsFinancial firms, corporations, government agencies
Employer & Industry UsageUsed across finance, insurance, and consulting sectorsCommon in finance, banking, and insurance industries

The main difference is that Senior Risk Analysts typically have more experience, advanced certifications, and handle more complex risk assessments. They often lead projects and mentor junior staff, whereas Risk Analysts focus on data collection, analysis, and supporting risk management processes.

Do risk analysts make good money?

Risk analysts typically earn a competitive salary that varies by industry, experience, and location. According to industry data, the median annual wage for risk analysts is around $80,000, with experienced professionals earning over $100,000. Certifications like FRM or CRM can enhance earning potential, and strong analytical skills are essential in this role.

How much does a senior risk analyst make in the US?

A senior risk analyst in the US typically earns between $80,000 and $120,000 annually, depending on experience, industry, and location. They often require strong analytical skills, knowledge of risk management tools, and relevant certifications such as FRM or CRM.

What does a senior risk analyst do?

A senior risk analyst evaluates potential risks that could impact an organization’s financial health, operations, or reputation. They analyze data, develop risk mitigation strategies, and use tools like risk assessment software to inform decision-making. This role often requires strong analytical skills, industry knowledge, and relevant certifications such as FRM or CRM.

What is the salary of a senior risk analyst?

The salary of a senior risk analyst typically ranges from $80,000 to $130,000 annually, depending on experience, industry, and location. They often require strong analytical skills and proficiency with risk management tools and software.

What are the most commonly searched types of Risk Analyst jobs in Grand Rapids, MI?

The most popular types of Risk Analyst jobs in Grand Rapids, MI are:

What are popular job titles related to Senior Risk Analyst jobs in Grand Rapids, MI?

For Senior Risk Analyst jobs in Grand Rapids, MI, the most frequently searched job titles are:

What job categories do people searching Senior Risk Analyst jobs in Grand Rapids, MI look for?

The top searched job categories for Senior Risk Analyst jobs in Grand Rapids, MI are:

What cities near Grand Rapids, MI are hiring for Senior Risk Analyst jobs?

Cities near Grand Rapids, MI with the most Senior Risk Analyst job openings:

Infographic showing various Senior Risk Analyst job openings in Grand Rapids, MI as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 11% Part Time, 1% Temporary, and 3% Contract. Highlights an 86% Physical, 5% Hybrid, and 9% Remote job distribution, with an average salary of $101,981 per year, or $49 per hour.

Investigation Analyst Senior

ViziRecruiter,LLC.

Grand Rapids, MI • On-site

Other

This job post has expired today. Applications are no longer accepted.


Job description

Introduction

Spectrum Health is committed to hiring and investing in some of the brightest and most talented people in the world, no matter their gender, race, religion or background. Our top-notch teams are comprised of collaborators, leaders and innovators that continue to build on one shared mission statement - to improve health, instill humanity and inspire hope.

Overview

Responsible for complex fraud and abuse investigations and data analysis to identify trends, detect fraud and abuse, limit exposure and protect company assets. Analyzes and monitors highly technical information into actionable investigative strategies. Responsible for preparing documents for regulatory site visits. Acts as a liaison with local/state/federal law enforcement personnel, industry advocates in other companies. Identifies new audit opportunities. Prepares and presents fraud and abuse education to internal departments. Serves as a mentor/trainer to other team members.

Responsibilities
  • Responsible for high level, complex investigations to pursue health care fraud and abuse to recover lost funds and ensure corrective action is taken as applicable. Investigations include collecting, researching data in order to detect fraudulent or abusive practices by utilizing system tools, interviews, medical records audits, data mining, perform compliance audits of medical claims, fee screens and other payment mechanism to ensure accurate payment. Routinely handles cases that are sensitive or high profile, involving multi-disciplinary provider groups or cases involving multiple perpetrators or intricate healthcare fraud schemes.
  • Investigate fraud and abuse tips received through the compliance hotline, internal referral or identify through data analytics. Support information requests my government agencies, law enforcement, external auditors, etc. Conduct telephone and in person interviews which may include members, providers, employer group agents etc. to determine validity of allegations of fraud waste and abuse. May include conversations with law enforcement and regulatory agencies.
  • Prepare financial analyses and reports to document finding and maintain up to date case files and case tracking system. Case files to include documentation to substantiate investigative process, findings, final report. In addition, notifications of finding letter for dissemination to provider or affected entity, notification letters to regulatory agencies if applicable. Ability to negotiate settlement offers and present to management and legal for approval.
  • Participates in building and enhancing organizational capabilities by developing and participating in the delivery of fraud awareness and mentoring lower level SIU staff. Keeps current on laws, regulations, trends and emerging issues. Demonstrates high level of knowledge and expertise during interactions and acts confidently during all aspects of the investigation including coordinating activities with law enforcement and testimony if needed. Responsible for understanding plan documents, provider and agent agreements, products offered, State and Federal laws related to fraud, waste or abuse, Medicare and Medicaid regulations, etc.
Requirements
  • Required: Bachelor's Degree or equivalent preferably in a health, business or related degree.
  • 5 years of relevant experience working in health care including two years of relevant experience working in health care fraud.
  • 7 years of relevant experience progressively more responsible experience working in fraud and abuse investigations or analytical role in a health related business such as hospital/physician/pharmacy/ancillary provider, audit, billing, compliance or health insurance.
  • CRT-Registered Health Information Technician (RHIT) - AAPC American Academy of Professional Coders Upon Hire required.
  • CRT-Registered Health Information Administrator (RHIA) - AHIMA American Health Information Management Association Upon Hire required.
  • CRT-Professional Coder - AAPC American Academy of Professional Coders Upon Hire required.
  • CRT-Professional Coder, Certified - Payer (CPC-P) - UNKNOWN Upon Hire required.
  • CRT-Outpatient Coder, Certified (COC) - UNKNOWN Upon Hire required.
  • CRT-Coding Specialist (CCS) - AHIMA American Health Information Management Association Upon Hire required.
  • CRT-Coding Specialist, Certified-Physician Based (CCS-P) - AHIMA American Health Information Management Association Upon Hire required.
  • CRT-Fraud Examiner - UNKNOWN Upon Hire preferred.
  • CRT-Accredited Health Care Fraud Investigator (AHFI) - NHCAA National Health Care Anti-Fraud Association Upon Hire preferred.
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