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Associate Risk Analyst Jobs in Maryland (NOW HIRING)

MELE Associates

Management Analyst

Germantown, MD

$115/hr

MELE Associates, Inc. is seeking to add an experienced Management Analyst to support the National ... Integrated Master Schedules (IMS), Earned Value Management Systems (EVMS), Risk Registers, etc.

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All JobsAssociate Risk Analyst JobsAssociate Risk Analyst Jobs in Maryland

Associate Risk Analyst information

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$14

$39

$63

How much do associate risk analyst jobs pay per hour?

As of Jul 13, 2026, the average hourly pay for associate risk analyst in Maryland is $39.29, according to ZipRecruiter salary data. Most workers in this role earn between $28.94 and $47.84 per hour, depending on experience, location, and employer.

What are some common challenges an Associate Risk Analyst faces during the first year on the job?

New Associate Risk Analysts often encounter challenges such as adapting to fast-paced environments, understanding complex risk models, and learning to interpret large volumes of data accurately. Balancing multiple projects and meeting deadlines while maintaining attention to detail can also be demanding. Additionally, collaborating effectively with team members from different departments, such as compliance and finance, requires strong communication skills and a willingness to learn from experienced colleagues.

What does an Associate Risk Analyst do?

An Associate Risk Analyst helps organizations identify, assess, and manage potential risks that could affect their operations or financial stability. Their daily tasks often include analyzing data, preparing risk reports, evaluating risk management policies, and supporting senior analysts in developing strategies to mitigate potential threats. They typically work in industries such as finance, insurance, or consulting, and use various analytical tools to detect and evaluate risks. Strong analytical, communication, and problem-solving skills are important for success in this role.

What are the key skills and qualifications needed to thrive as an Associate Risk Analyst, and why are they important?

To thrive as an Associate Risk Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field—often supported by a bachelor’s degree. Familiarity with risk assessment software, data analysis tools like Excel or SAS, and knowledge of regulatory frameworks are typically required. Effective communication, problem-solving, and teamwork are vital soft skills that help you convey findings and collaborate across departments. These skills ensure accurate risk evaluation, compliance, and informed decision-making to protect organizational interests.

What qualifications do I need to be a risk analyst?

To become an associate risk analyst, candidates typically need a bachelor's degree in finance, economics, statistics, or a related field. Strong analytical skills, proficiency in data analysis tools like Excel or SQL, and knowledge of risk management principles are also important. Certifications such as the Financial Risk Manager (FRM) or Professional Risk Manager (PRM) can enhance job prospects.

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, education, and location. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

What jobs in the US pay 300,000 a year?

For an Associate Risk Analyst, earning $300,000 annually is uncommon; such high salaries are typically associated with executive-level roles, senior risk management positions, or specialized financial roles like chief risk officer or senior quantitative analyst. These positions often require extensive experience, advanced certifications, and leadership responsibilities within financial institutions or large corporations.

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

AspectAssociate Risk AnalystRisk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some certifications like FRM or CRMBachelor's or master's degree; often holds certifications like FRM, CRM, or CRC
Work EnvironmentEntry-level position in finance, insurance, or banking firms; supervised environmentMore experienced role; involved in complex risk assessments and decision-making
Employer & Industry UsageCommon in banking, insurance, and financial servicesUsed across similar industries, often with more responsibility

The main difference between an Associate Risk Analyst and a Risk Analyst lies in experience and responsibility. The Associate Risk Analyst is an entry-level role focusing on supporting risk assessments, while the Risk Analyst handles more complex analysis and decision-making. Both roles require similar educational backgrounds and certifications, but the Risk Analyst typically has more experience and autonomy in their work.

Is risk analyst an entry level job?

A risk analyst position can be entry-level or require experience, depending on the company and industry. Entry-level risk analyst roles typically require a bachelor's degree in finance, economics, or a related field, and may involve on-the-job training with basic analytical tools. More advanced roles may require several years of experience or specialized certifications such as FRM or CRM.
What are the most commonly searched types of Risk Analyst jobs in Maryland? The most popular types of Risk Analyst jobs in Maryland are:
What are popular job titles related to Associate Risk Analyst jobs in Maryland? For Associate Risk Analyst jobs in Maryland, the most frequently searched job titles are:
What job categories do people searching Associate Risk Analyst jobs in Maryland look for? The top searched job categories for Associate Risk Analyst jobs in Maryland are:
What cities in Maryland are hiring for Associate Risk Analyst jobs? Cities in Maryland with the most Associate Risk Analyst job openings:
Associate Risk Analyst jobs near you
Infographic showing various Associate Risk Analyst job openings in Maryland as of July 2026, with employment types broken down into 92% Full Time, and 8% Part Time. Highlights an 100% In-person job distribution, with an average salary of $81,729 per year, or $39.3 per hour.
Risk Manager

Risk Manager

Flatiron Construction Corp

Riverdale, MD

Other

Medical, Dental, Vision, Retirement, PTO

Posted 10 days ago

Job description

Overview

The Risk Manager is responsible for leading the project's risk management program and ensuring that risks and opportunities are identified, evaluated, documented, communicated, and managed throughout the project lifecycle. This position works closely with project leadership, construction teams, engineering, safety, quality, procurement, legal, and commercial personnel to proactively manage risks that may affect project objectives.

The Risk Manager develops and maintains the project risk register, facilitates risk assessments, monitors mitigation plans, and provides reporting and analysis to support informed decision-making.

Collaborate with industry experts and committed teams to shape successful project outcomes and safeguard our interests.  

Apply now and transform your career with us. 

What you will be doing

  • Insurance Program Administration

    • Manage and administer the Purple Line Project Owner Controlled Insurance Program (OCIP).
    • Coordinate contractor enrollment and compliance with OCIP requirements.
    • Review insurance certificates, endorsements, and coverage requirements.
    • Monitor insurance program performance and compliance with contractual obligations.
    • Serve as the primary contact for insurance carriers, brokers, and project stakeholders.

    Claims Management

    • Direct and oversee all project-related claims, including:
      • Workers' Compensation
      • General Liability
      • Automobile Liability
      • Property Damage
      • Professional Liability
      • Management Liability
    • Coordinate claim investigations, documentation, reporting, and resolution activities.
    • Review loss trends and identify opportunities for risk reduction.
    • Collaborate with legal counsel and insurance carriers regarding litigation and settlement strategies.
    • Monitor claim reserves and claim closure performance.

    Risk Assessment and Mitigation

    • Identify operational, contractual, insurance, and safety-related risks affecting the project.
    • Develop and implement risk mitigation strategies.
    • Analyze incident and claims data to identify emerging trends.
    • Support crisis management and incident response activities.
    • Recommend corrective actions to reduce project exposure.

    Contractor Compliance

    • Monitor contractor compliance with insurance and contractual requirements.
    • Conduct audits of contractor insurance documentation and payroll reporting.
    • Review enrollment submissions and verify eligibility for participation in the OCIP.
    • Resolve compliance deficiencies and coverage issues.

    Reporting and Stakeholder Communication

    • Prepare monthly and quarterly risk management reports.
    • Present claims, insurance, and risk management updates to executive leadership and project stakeholders.
    • Facilitate regular claims review and risk management meetings.
    • Provide guidance to project teams regarding insurance coverage and risk-related matters.

    Safety and Loss Prevention

    • Partner with project safety teams to identify and address risk exposures.
    • Participate in safety committee meetings and incident reviews.
    • Support return-to-work initiatives and injury management programs.
    • Utilize claims and incident data to support proactive safety improvements.

    Regulatory and Contractual Compliance

    • Ensure compliance with applicable insurance regulations and project contractual requirements.
    • Support audits and reporting requirements for project owners and governmental agencies.
    • Maintain complete and accurate records related to claims, insurance, and compliance activities.
What we are looking for

Education

  • Bachelor's degree in Risk Management, Business Administration, Construction Management, Finance, Insurance, or related field preferred.

Experience

  • Minimum 10 years of experience in construction risk management, insurance administration, OCIP/CCIP management, or claims management.
  • Experience supporting large transportation, transit, infrastructure, or heavy civil construction projects.
  • Demonstrated experience managing complex insurance and claims programs.

Knowledge, Skills, and Abilities

  • Extensive knowledge of OCIP and CCIP programs.
  • Strong understanding of construction insurance coverages and claims processes.
  • Knowledge of workers' compensation, general liability, automobile liability, property, and professional liability claims.
  • Experience working with insurance carriers, brokers, attorneys, and project owners.
  • Strong analytical, organizational, and communication skills.
  • Ability to manage multiple stakeholders and complex issues simultaneously.

Preferred Certifications

  • Associate in Risk Management (ARM)
  • Certified Risk Manager (CRM)
  • Construction Risk and Insurance Specialist (CRIS)
  • CPCU (Chartered Property Casualty Underwriter)
  • Relevant insurance or risk management certifications
Why work for us

Some of the benefits you may be eligible for as an employee are:

  • Comprehensive compensation package and paid time off program
  • Industry leading 401(k)/RRSP
  • Medical/Extended Health Care, Dental, Vision and/or Provincial Medical
  • Wellness benefits & Employee Assistance Program
  • Tuition Reimbursement Program

We are an EEO/ADA/Veterans employer.

Salary MinUSD $115,000.00/Yr.Salary MaxUSD $125,000.00/Yr.Employment Type: OTHER

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