How much does a Credit Risk Manager make in Michigan? The average Credit Risk Manager salary in Michigan is $131,317 as of March 26, 2024, but the range typically falls between $105,201 and $146,799. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Credit Risk Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Credit Risk Manager Salary $81,423 MI March 26, 2024
25th Percentile Credit Risk Manager Salary $105,201 MI March 26, 2024
50th Percentile Credit Risk Manager Salary $131,317 MI March 26, 2024
75th Percentile Credit Risk Manager Salary $146,799 MI March 26, 2024
90th Percentile Credit Risk Manager Salary $160,895 MI March 26, 2024
25% $105,201 10% $81,423 90% $160,895 75% $146,799 $131,317 50%(Median) Didn’t find job title? Click
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What skills does a Credit Risk Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Trading: Trading is the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.

3.

Python: Applying the concepts and algorithms of Python to design, develop and maintain software applications to comply with business requirements.

Analysis 7.83%
Trading 1.91%
Python 1.18%
Others 89.08%

Job Description for Credit Risk Manager

Credit Risk Manager develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization. Being a Credit Risk Manager oversees the preparation of performance reports for management. May require a master's degree. Additionally, Credit Risk Manager typically reports to a head of a unit/department. The Credit Risk Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Credit Risk Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Credit Risk Manager in Michigan

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Location Avg. Salary Date Updated
Location Taylor, MI Avg. Salary $133,844 Date Updated March 26, 2024
Location Acme, MI Avg. Salary $125,196 Date Updated March 26, 2024
Location Ada, MI Avg. Salary $129,055 Date Updated March 26, 2024
Location Addison, MI Avg. Salary $133,711 Date Updated March 26, 2024
Location Adrian, MI Avg. Salary $131,716 Date Updated March 26, 2024
Location Afton, MI Avg. Salary $123,600 Date Updated March 26, 2024
Location Ahmeek, MI Avg. Salary $126,527 Date Updated March 26, 2024
Location Akron, MI Avg. Salary $123,733 Date Updated March 26, 2024
Location Alanson, MI Avg. Salary $123,600 Date Updated March 26, 2024
Location Alba, MI Avg. Salary $123,600 Date Updated March 26, 2024
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Credit Risk Manager Salary in Michigan
Credit Risk Manager Salary Graph, Regional Distribution and Summary