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Associate Risk Manager Jobs in New York (NOW HIRING)

Manager, Risk Strategy

New York, NY · Hybrid

$110K - $150K/yr

Collaborate with the portfolio risk team to track credit performance and take action to manage the ... performed by associates assigned to this classification. They are not to be construed as an ...

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Associate Risk Manager information

Do risk managers make good money?

Risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual salaries range from $70,000 to over $120,000, with higher earnings possible for those with advanced certifications like the CRM or FRM. The role often requires strong analytical skills and knowledge of risk assessment tools.

How much does a risk manager get paid?

The average salary for an associate risk manager typically ranges from $60,000 to $100,000 annually, depending on experience, industry, and location. Entry-level positions may start lower, while experienced risk managers with certifications like FRM or CRM can earn higher salaries, often supplemented with bonuses and benefits.

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

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.

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 is the highest salary for a risk manager?

The highest salaries for associate risk managers can reach over $120,000 annually, especially for those with extensive experience, specialized certifications, or working in high-demand industries. Senior risk managers or those in leadership roles can earn significantly higher, often exceeding $150,000 to $200,000 per year.

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 risk assessment tools and relevant certifications such as CRM or FRM.
What are the most commonly searched types of Risk Manager jobs in New York? The most popular types of Risk Manager jobs in New York are:
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What job categories do people searching Associate Risk Manager jobs in New York look for? The top searched job categories for Associate Risk Manager jobs in New York are:
What cities in New York are hiring for Associate Risk Manager jobs? Cities in New York with the most Associate Risk Manager job openings:
Infographic showing various Associate Risk Manager job openings in New York as of July 2026, with employment types broken down into 1% As Needed, 69% Full Time, 28% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution.

$90K - $135K/yr

Other

Re-posted 17 days ago


Job description

 SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $90,000.00 and $135,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

The Associate - Risk Data Management role will be within the Risk Department (RMDAD), reporting to the Director - Risk Data Management.

Role Objectives:

Execute data governance, improve operational data quality, and implement BCBS 239 compliance. Ensure timely, accurate and complete collection and aggregation of risk data.
Act as a data steward, providing guidance and ensuring best practices are followed. Ensure data stewardship processes are aligned with regulatory requirements and SMBC CDO policies and guidance. Promote the use of accepted data definitions, common reference data and sound data usage practices.
Define, monitor, and maintain the risk department's data assets. Establish inventories of key data outputs, and key data elements. Document data lineage, define and monitor data quality controls. Establish key performance indicators for data quality and regularly report on metrics by producing data quality scorecards. Leverage the data governance platform (Collibra) to capture data governance artifacts.
Identify data quality issues, and work with the CDO team and other stakeholders to resolve these issues, improving overall data quality within the risk function. Participate in initiatives to resolve data quality issues. Ensure risk reporting is accurate, clear and complete, and presented to the right stakeholders timely.
Collaborate with other internal stakeholders to ensure appropriate awareness and escalation of issues as they arise.
This job description is not designed to cover or contain an all-inclusive list of duties and responsibilities that are required of the position.  Duties and responsibilities may change as SMBC deems necessary, including other duties and responsibilities assigned at any time with or without notice.  At any given juncture, certain of the duties and responsibilities listed in the job description may constitute essential functions of the job.

Qualifications and Skills

Recommended total years of experience: 3 - 5
Preferably 2 - 3 years of specialized experience as a data practitioner in Financial Services, preferably in the risk domain. 
Credit Risk and/or Market Risk reports production experience (Risk reporting implementation and Data Quality checks and remediation) required 

SQL experience required, Python experience preferred
Education: BS/BA Required, preferred majors: computer science, information / data / system management; MBA or MS / PhD in information science
Strong communication (oral and written) and presentation skills
Previous experience with data governance and data quality issue management. Demonstrated experience working on key data elements and data lineage establishment.
Experience in risk reporting preferred.
Ability to communicate business ideas and topics to technical and nontechnical audience
Ability to influence people outside the immediate span of control, negotiate and resolve conflicts, and work with stakeholders in various departments of the firm, or across lines of defense
Preferably knowledge of banking data systems (including SQL, NoSQL) and cloud data platforms (e.g. Azure) and related services.
Ability to work under pressure, operate comfortably in a fast-paced, demanding environment, and manage a significant workload with minimal supervision
Ability to collaborate with and successfully contribute to cross-functional teams and work with people from regions around the world
Advanced skills in MS Office products (PowerPoint, Excel, Word, etc.)

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.