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Business Risk Manager Jobs in Maryland (NOW HIRING)

Director of Risk Management

Towson, MD

$106K - $175K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

Bachelor's degree in Business, Legal, Finance, Accounting, Risk Management or similar field required. Juris Doctorate highly preferred. * Minimum of 5 years' experience in risk management is required.

Director of Risk Management

Towson, MD · On-site

$51.18 - $84.34/hr

  • Medical

  • Dental

  • Vision

  • Retirement

Bachelor's degree in Business, Legal, Finance, Accounting, Risk Management or similar field required. Juris Doctorate highly preferred. * Minimum of 5 years' experience in risk management is required.

Director of Risk Management

Towson, MD · On-site

$106.46 - $175.42/hr

  • Medical

  • Dental

  • Vision

  • Retirement

Bachelor's degree in Business, Legal, Finance, Accounting, Risk Management or similar field required. Juris Doctorate highly preferred. * Minimum of 5 years' experience in risk management is required.

R&I Managed Services Deals Desk Senior Manager

Baltimore, MD

$91K - $321K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Accounting, Business Administration/Management, Computer Science/Information Systems, Cybersecurity, Finance, Risk Management/Insurance - Demonstrating advanced skills in Enterprise Risk Management ...

Showing results 41-60

Business Risk Manager information

See Maryland salary details

$29.9K

$107.9K

$177.9K

How much do business risk manager jobs pay per year?

As of Aug 17, 2026, the average yearly pay for business risk manager in Maryland is $107,932.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,218.00 and $124,593.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a business risk manager?

To thrive as a Business Risk Manager, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or a related field, often backed by a bachelor's degree or higher. Familiarity with risk management frameworks, regulatory compliance systems, and certifications like FRM (Financial Risk Manager) or CRM (Certified Risk Manager) is typically required. Exceptional communication, problem-solving, and stakeholder management skills help you effectively identify, mitigate, and communicate risks across an organization. These competencies are crucial for proactively managing threats, ensuring regulatory compliance, and supporting the long-term stability and success of the business.

How does a business risk manager typically collaborate with other departments to address organizational risks?

As a Business Risk Manager, cross-functional collaboration is a key part of the role. You’ll regularly work with departments such as finance, compliance, operations, and IT to identify potential risks, assess their impact, and develop mitigation strategies. This often involves facilitating risk assessment workshops, sharing reports, and ensuring that risk controls are integrated into business processes. Effective communication and relationship-building skills are essential, as you’ll act as a bridge between senior management and operational teams to align risk management efforts with organizational goals.

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

AspectBusiness Risk ManagerRisk Analyst
CredentialsCertifications like CRM, FRM, or CRC; bachelor's degree in business, finance, or related fieldCertifications such as FRM or CRM; bachelor's degree in finance, economics, or related field
Work EnvironmentStrategic planning, risk assessment, and policy development in corporate settingsData analysis, risk modeling, and reporting in finance or insurance firms
Employer & IndustryCorporations, financial institutions, insurance companiesFinancial services, consulting firms, insurance companies

The Business Risk Manager focuses on developing risk strategies and policies at a strategic level, while the Risk Analyst primarily conducts data analysis and risk assessments. Both roles require similar certifications and often work within the same industries, but their responsibilities differ in scope and focus.

Infographic showing various Business Risk Manager job openings in Maryland as of August 2026, with employment types broken down into 78% Full Time, 20% Part Time, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $107,932 per year, or $51.9 per hour.

Senior Quantitative Risk Analyst - BSA/AML (Hybrid - see job descriptions for potential work loca...

M&T Bank

Timonium, MD • Hybrid

$85K - $143K/yr

Full-time

Posted 12 days ago


M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 186 frontline employees who took The Breakroom Quiz

79th of 171 rated banks


Job description

** Work Location/Arrangement: This is a hybrid position requiring in-office work four (4) days every week at an M&T office in Buffalo, NY, Bridgeport, CT, Baltimore, MD, Timonium, MD, Wilmington, DE or New York, NY.

Overview

This position supports the development of statistical and machine learning models within a regulated environment. The role contributes to key components of the model development lifecycle-including data preparation, model development, testing/validation support, implementation, and monitoring-while working closely with senior modelers to deliver analytically sound and well-documented solutions. Development work is performed using both Python and SAS.

Primary Responsibilities

  • Support the design, development, testing, implementation, and monitoring of statistical and machine learning models
  • Prepare, transform, and analyze large datasets (e.g., transactions, customer behavior, entity data)
  • Partner with senior team members to translate business problems into analytical approaches
  • Contribute to model documentation, including methodology, assumptions, and monitoring frameworks
  • Develop and maintain analytical code using Python and/or SAS
  • Assist in model performance monitoring and identification of model issues or limitations
  • Support model validation, audit, and regulatory review processes
  • Collaborate with stakeholders across EDD, FIU, Technology, and Model Risk Management
  • Ensure adherence to internal controls and regulatory expectations
  • Provide guidance to junior analysts where appropriate
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.

Scope of Responsibilities

Works under general guidance from more senior quantitative risk managers. Responsible for independent execution of defined analytical tasks and contributing to model development efforts. Builds technical expertise in AML modeling and governance.

Education and Experience Required

  • Bachelor degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline,
  • OR in lieu of degree A combined minimum of 7 years higher education and/or work experience to include a minimum of 3 years relevant experience.
    -OR-
  • Master's degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, with minimum of 1 year relevant experience,
    OR in lieu of degree,
  • A combined minimum of 7 years higher education and/or work experience to include a minimum of 1 year relevant experience.
  • Minimum of 3 years relevant experience, Banking or Financial Services experience.

Preferred

  • Master's degree in a quantitative discipline
  • Experience in banking, financial services, or AML/BSA
  • Exposure to model validation or model risk management
  • Familiarity with machine learning techniques
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $85,800.00 - $143,000.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationBuffalo, New York, United States of America

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