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Associate Risk Management Jobs in East Rutherford, NJ

Fellow of the Casualty Actuarial Society (FCAS), Chartered Property Casualty Underwriter (CPCU), Financial Risk Manager (FRM), Associate of the Casualty Actuarial Society (ACAS), or equivalent ...

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Associate Actuary - Risk Management At AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary - Risk Management to take on key responsibilities within a ...

Associate Actuary - Risk Management At AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary - Risk Management to take on key responsibilities within a ...

Associate Actuary - Risk Management At AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary - Risk Management to take on key responsibilities within a ...

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Associate Risk Management information

See East Rutherford, NJ salary details

$50.9K

$111.4K

$186.4K

How much do associate risk management jobs pay per year?

As of Aug 7, 2026, the average yearly pay for associate risk management in East Rutherford, NJ is $111,375.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,400.00 and $144,700.00 per year, depending on experience, location, and employer.

Is risk management a good career?

Risk management is a valuable career that involves identifying, assessing, and mitigating potential threats to an organization. It often requires strong analytical skills, knowledge of industry regulations, and certifications such as CRM or FRM. The field offers diverse opportunities across industries with steady demand and potential for advancement.

What are the key skills and qualifications needed to thrive as an associate risk management professional?

To thrive as an Associate Risk Management professional, you typically need a bachelor's degree in business, finance, or a related field, strong analytical abilities, and attention to detail. Familiarity with risk assessment software, data analysis tools like Excel, and industry certifications such as FRM (Financial Risk Manager) are common technical requirements. Excellent communication, problem-solving, and teamwork skills help you effectively collaborate and present risk findings. These skills ensure accurate risk evaluation, effective mitigation strategies, and support sound decision-making within the organization.

What does an associate risk management professional do?

An Associate Risk Management professional helps identify, assess, and mitigate potential risks that could impact an organization's financial, operational, or strategic objectives. They analyze data, monitor risk exposure, and assist in developing risk management strategies. Their role often involves collaborating with different departments to ensure compliance with policies and regulations. Additionally, they may prepare reports and provide recommendations to improve risk management practices.

What are some typical challenges faced by an associate risk management professional, and how do they contribute to the team?

An Associate Risk Management professional often encounters challenges such as analyzing complex data from multiple sources, keeping up with evolving regulations, and effectively communicating potential risks to various stakeholders. You will regularly collaborate with colleagues in legal, compliance, and business units to ensure that risks are identified and addressed proactively. These challenges foster a culture of continuous learning and improvement, allowing you to play a key role in minimizing potential losses and enhancing the organization's overall stability. Overcoming these obstacles helps you develop critical thinking and adaptability, which are highly valued for future career growth in the field.

What cities near East Rutherford, NJ are hiring for Associate Risk Management jobs? Cities near East Rutherford, NJ with the most Associate Risk Management job openings:
Infographic showing various Associate Risk Management job openings in East Rutherford, NJ as of June 2026, with employment types broken down into 84% Full Time, and 16% Part Time. Highlights an 100% In-person job distribution, with an average salary of $111,375 per year, or $53.5 per hour.

Operational Risk Management Department-Third Party Risk Management AVP/Associate

Bank of China Limited, New York Branch

Manhattan, NY โ€ข On-site

$42K/yr

Full-time

Re-posted 10 days ago


Job description

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The incumbent is responsible for all aspects of and will provide oversight, guidance and challenge to the Bank's Third Party Risk Management (TPRM). S/he will establish and enhance the Third Party Risk Framework, draft and maintain TPRM policies and standards, develop and execute TPRM annual work plans, and conduct periodic risk assessments. S/he will also assess, monitor and track TPRM lifecycle activities, ensure documentation completeness, and prepare aggregated TPRM reports on risk data and analysis.

Responsibilities

Include but are not limited to

Third Party Risk Management Framework

  • Establish and enhance the Third Party Risk Framework, ensure it consists of appropriate components to effectively manage third party risks
  • Update third party risk management policies and procedures
  • Develop and execute a third party risk annual work plan to review and challenge risk identification, assessment, control evaluation and testing activities
  • Utilize a consistent risk rating methodology for controls that aligns with the Operational Risk Framework
  • Conduct periodic risk assessment of third party risks

Third Party Risk Management Lifecycle & Implementation of TPRM Second Line Review

  • Assess, monitor and track third party risk management lifecycle activities as second line of defense
  • Provide third party risk management guidance to First Line Units ("FLUs")
  • Ensure the completeness of the central documentations of the bank wide third party population
  • Prepare aggregated third party risk report
  • Keep abreast of current industry tools, trends, and regulatory requirements
  • Work with other SMEs under the third party risk management framework to ensure the third party risk management activities are efficient
  • Ensure third party risk management system is implemented and all updates are installed timely
  • Provide timely training of system upgrades or updates to all system users

Risk Assessment

  • Assist with new product management risk assessment process
  • Assist with RACA quarterly review in the expertise of third party risk management

BSA/AML, Compliance, and Talent Management

  • Complete required BSA/AML, and other compliance trainings as provided
  • Beware of BSA/AML issues, provide risk warnings to First Line Units and internal risk management departments when noticed

#LI-WW1

Qualifications
  • Bachelor's degree is required, and an advanced degree is preferred
  • Minimum 5 years of work experience in financial service industry is required for AVP level
  • Minimum 5 years of work experience in risk management and minimum 2 years of third party risk management experience are required for AVP level; Minimum 1 year of work experience in third party risk management is required for Associate levelย 
  • Knowledge of operational risk management and assessment, regulatory and compliance, general IT risk/IT operation as well as business lines and workflow in financial/banking industry is required
  • Certified Third Party Risk Professional or Certified Regulatory Vendor Program Manager is preferred but not required
Pay Range

Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

USD $42,000.00 - USD $150,000.00 /Yr.Employment Type: FULL_TIME