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Associate Risk Manager Jobs in Maryland (NOW HIRING)

T Rowe Price

Director, Fixed Income Risk

Baltimore, MD · On-site

... associates located in the United States, United Kingdom, Luxembourg, and Singapore, supported by ... Rowe Pricehad $1.61 trillionin assets under management, serving millions of clients globally who ...

T Rowe Price

Director, Counterparty Risk

Baltimore, MD · On-site

... 43 associates located in the United Sates, United Kingdom, Luxembourg, and Singapore. Investment ... Rowe Price had ~$1.63T in assets under management. Role Summary The Director of Counterparty Risk ...

HASI

Senior Manager, BTM Investments

Annapolis, MD

Coordinate with internal stakeholders across legal, risk, portfolio management, accounting, and ... Mentor and help develop junior team members, including Analysts and Associates, through day-to-day ...

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How much do associate risk manager jobs pay per hour?

As of Aug 19, 2026, the average hourly pay for associate risk manager in Maryland is $24.89, according to ZipRecruiter salary data. Most workers in this role earn between $16.83 and $28.03 per hour, depending on experience, location, and employer.

What does an associate risk manager do?

An Associate Risk Manager is responsible for helping organizations identify, assess, and minimize risks that could impact their operations, finances, or reputation. They work closely with senior risk managers to develop risk management strategies, conduct risk assessments, and implement control measures. Their duties may also include analyzing data, preparing reports, and ensuring compliance with regulatory requirements. This role is often entry-level or early-career, providing foundational experience in risk management practices. Associate Risk Managers play a key role in supporting the overall risk management framework within an organization.

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

To thrive as an Associate Risk Manager, you need strong analytical abilities, knowledge of risk assessment methodologies, and a bachelor's degree in finance, business, or a related field. Familiarity with risk management software, Microsoft Excel, and relevant certifications such as CRM or FRM are commonly expected. Excellent communication, problem-solving skills, and attention to detail help you collaborate effectively and identify potential risks. These competencies are crucial for identifying, evaluating, and mitigating organizational risks to support informed decision-making and safeguard company assets.

What are some common challenges an associate risk manager faces when collaborating across departments?

Associate Risk Managers often work closely with various departments such as finance, operations, and compliance to identify and mitigate risks. A common challenge is ensuring clear communication and alignment, as different teams may have varying priorities and levels of risk awareness. Successfully navigating these dynamics requires strong interpersonal skills and the ability to translate complex risk concepts into actionable recommendations for non-specialists. Building trust and maintaining open lines of communication are key to fostering effective cross-departmental collaboration.

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

AspectAssociate Risk ManagerRisk Analyst
CredentialsBachelor's degree, certifications like CRM or FRM often preferredBachelor's degree, certifications like CRM or FRM beneficial
Work EnvironmentCollaborates with risk management teams, involved in strategy developmentAnalyzes data, assesses risks, supports risk management decisions
Employer & Industry UsageInsurance, banking, corporate risk departmentsFinancial services, insurance, consulting firms

The Associate Risk Manager and Risk Analyst roles share similar credentials and industry usage, but the Associate Risk Manager typically has more involvement in strategic planning and risk mitigation efforts, whereas the Risk Analyst focuses more on data analysis and risk assessment support.

Do associate risk managers make good money?

Associate risk managers typically earn a salary that varies by industry and location, with median annual wages around $70,000 to $90,000. Entry-level positions may start lower, while experienced professionals with certifications like CRM or FRM can earn higher salaries and bonuses. Compensation also depends on the size of the organization and the complexity of the risk management responsibilities.

Is risk manager a stressful job?

A risk manager role involves identifying and assessing potential risks to an organization, which can be stressful due to the responsibility of preventing financial or operational losses. The level of stress depends on the industry, company size, and workload, but strong analytical skills and risk management tools are essential for success.

What is an associate risk manager?

An associate risk manager is an entry-level or junior professional responsible for assisting in identifying, assessing, and mitigating risks within an organization. They often support senior risk managers by analyzing data, preparing reports, and implementing risk management strategies, typically requiring knowledge of industry standards and risk assessment tools.

What are the most commonly searched types of Risk Manager jobs in Maryland?

The most popular types of Risk Manager jobs in Maryland are:

Associate Risk Manager jobs near you
Infographic showing various Associate Risk Manager job openings in Maryland as of August 2026, with employment types broken down into 86% Full Time, 13% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $51,763 per year, or $24.9 per hour.

Director, Fixed Income Risk

T Rowe Price

Baltimore, MD • On-site

Full-time

Re-posted 12 days ago

T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

About the Team

The Investment Risk team, which is part of the firm's Enterprise Risk Group, consists of 43 associates located in the United States, United Kingdom, Luxembourg, and Singapore, supported by dedicated technology resources in the US and UK. As of December31, 2024, T.Rowe Pricehad $1.61 trillionin assets under management, serving millions of clients globally who rely on the firm for its retirement expertise and active management across asset classes.

Role Summary

The Fixed Income Risk Director is a key role within Investment Risk at T. Rowe Price. This Baltimore-based role, reporting to the global lead of Fixed Income Risk based in London, offers the opportunity to lead risk management for fixed income investment strategies managed by the Investment Grade (IG) team whose portfolio managers are predominantly in the U.S. with a primary focus on U.S. markets. As the IG coverage lead, the Fixed Income Risk Director frequently engages with portfolio managers and management on market risks, both benchmark-relative and absolute, in commingled investment vehicles and separate client account mandates. The Fixed Income Risk Director also provides risk consultancy for investment teams, which includes deep-dive risk analyses, supplementary stress testing, and tail risk analysis. In addition to possessing risk modeling expertise, the Fixed Income Risk Director must demonstrate a thorough understanding of fixed income investment strategies, markets, and macroeconomic risk drivers in their interactions. Effective collaboration with Fixed Income Risk team members, other parts of Investment Risk, such as Regulatory Risk, and other functions, such as Technology, is another key determinant of success.

To be successful, the incumbent must have:

  • Extensive experience in the asset management industry with a focus on fixed income market risk, gained through roles in risk management, investment, or trading departments.
  • A clear understanding of buy-side risk management, fixed income investment strategies, and global financial markets.
  • Knowledge of the nuances and complexities of investment-grade credit markets, including the ability to assess and communicate risks associated U.S. and European corporate bonds, interest rate and credit derivatives, and a variety of securitized/structured products (e.g., agency and non-agency RMBS, CMO, CMBS, ABS, and CLO).
  • The ability to communicate effectively with the team and key stakeholders, including portfolio managers, investment division leaders, and external clients/prospects/consultants.
  • Programming skills to process and visualize data and perform computations efficiently.

Responsibilities

Day-to-day Risk Management Activities:

  • Review and interpret fixed income risk analytics and dashboards.
  • Identify, measure, monitor, and communicate key portfolios risks to portfolio management teams with a focus on identifying significant sources of risk (e.g., factors, securities, sectors, etc.) and material changes to portfolios' risk profiles.
  • Analyze tail risks and conduct stress tests based on hypothetical and historical scenarios.
  • Collaborate with fixed income investment staff to understand their strategies and risk taking in portfolios.

Extension of Risk Reporting & Tools:

  • Prototype and develop risk reporting and tools to enhance existing vendor risk platforms (primarily Bloomberg and MSCI RiskManager) for the identification and measurement of risks within and across fixed income portfolios.
  • Specify data requirements for inclusion in dashboards/reports and potentially research and develop new methodologies and techniques.
  • Collaborate with associates in the Technology department to define requirements and support testing throughout the development process.
  • Present and communicate analytical results effectively to ensure buy-in from colleagues and adoption by Investment Risk stakeholders.

Communication with Internal & External Stakeholders:

  • Interact with many stakeholders beyond frequent contact with investment teams, including client-facing professionals, management, oversight committees, clients, consultants, and prospective clients, as appropriate.
  • Demonstrate a strong grasp of technical details and an up-to-date knowledge of investment strategies and markets.
  • Communicate complex topics clearly, confidently, and engagingly in both verbal and written forms.
  • Contribute to timely written responses containing fixed income risk information requested by clients, prospects, consultants, regulators, and internal teams at times.

Ad-hoc Analysis & Projects:

  • Perform ad-hoc data and quantitative analyses in response to requests from fixed income portfolio managers and risk team members.
  • Collaborate with team members and the Fixed Income quant team, as needed, to ensure methodologies are sound and best practices are followed.
  • Reconcile results with other in-house findings before communicating them to investment teams.

Qualifications

Required:

  • Bachelor's degree in a quantitative or scientific field such as quantitative finance/economics, statistics, applied mathematics, operations research, engineering, computer science, or physics and relevant experience AND
  • 10+ years of total relevant work experience
  • A passion for risk management and a demonstrated interest in financial markets through academic background, work experience and/or outside activities
  • Work experience with quantitative methods used to evaluate risk, such as volatility, tracking error and Value-at-Risk.
  • Fixed income and risk management experience in an asset management environment with a strong knowledge of investment grade credit, including securitized investments (e.g., RMBS, CMO, CMBS, ABS, and CLO)
  • Programming skills with experience using common programming languages and statistical analysis packages.
  • Experience using industry standard risk models/systems such as Bloomberg's GRM/TRM or PORT, MSCI RiskManager, Aladdin, Yield Book or similar.
  • Data analysis skills.
  • Strong interpersonal and communication skills.
  • High standards of work quality and integrity.
  • Strong organizational skills.
  • Self-starter with high motivation who enjoys collaborating.
  • Intellectually curious with a commitment to continuous learning.

Preferred:

  • More than 10+ years of direct experience in fixed income risk management at a buy-side asset manager
  • Master's or PhD degree in a quantitative or scientific field as listed above.
  • Programming skills in Python
  • Completion or progress towards professional risk or finance accreditations, such as CFA, FRM, and PRM
  • Risk management experience with High Yield bonds and Bank Loans.
  • Experience using Bloomberg's GRM/TRM or PORT models for fixed income analysis, risk management, scenario analysis, and multifactor performance attribution.
  • Experience using MSCI RiskManager for VaR and stress testing/scenario analysis.
  • Experience working for a global asset manager with key personnel located in multiple regions.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

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