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Associate Risk Manager Jobs in New York (NOW HIRING)

RSM

Senior Associate, Risk Consulting (Insurance)

Bronx, NY · On-site

$15.50 - $18.75/hr

Key Responsibilities​ As a Senior Associate in the Financial Services Risk Consulting (Insurance ... Manage projects to successful completion through clear communication, expectation setting with ...

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Associate Risk Manager information

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How much do associate risk manager jobs pay per hour?

As of Jun 22, 2026, the average hourly pay for associate risk manager in New York is $28.83, according to ZipRecruiter salary data. Most workers in this role earn between $19.47 and $32.45 per hour, depending on experience, location, and employer.

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 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:
What are popular job titles related to Associate Risk Manager jobs in New York? For Associate Risk Manager jobs in New York, the most frequently searched job titles are:
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Associate Risk Manager jobs near you

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

Bank of China Limited, New York Branch

Manhattan, NY • On-site

$42K - $150K/yr

Full-time

Posted 24 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 level
  • 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.

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