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Business Risk Manager Jobs in Montclair, NJ (NOW HIRING)

Risk Manager

New York, NY · On-site

$95K - $130K/yr

About the Team Kafene's Risk team is a key driver of growth for the business. As a Risk Manager, you will report to the VP of Risk and help build Kafene's profit-driven consumer underwriting ...

Risk Manager

New York, NY · On-site

$140K - $155K/yr

As a Risk Manager, you will own a portfolio of risk processes, perform risk assessments, and ... Document complex business processes. * Provide evidence to auditors and examiners. * Partner across ...

Risk Manager

New York, NY · On-site

$175K - $275K/yr

Work closely with cross-functional teams, including trading and portfolio management, to integrate risk management practices into business operations. * Data Analysis: Utilize quantitative and ...

Risk Manager

New York, NY · Hybrid

$150K - $165K/yr

... and business development teams. Maintain excellent knowledge of fixed income investments ... A passion for risk management and a proven interest in financial markets through work experience ...

The role holder will also contribute to the development of margining and in-business risk management approaches for new products and initiatives undertaken by these businesses, particularly as they ...

Manage internal business development initiatives and sales opportunities, including the creation of ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Manage internal business development initiatives and sales opportunities, including the creation of ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Portfolio Risk Manager

Manhattan, NY · On-site

$160K - $190K/yr

Risk Location: New York The pay range for this position at commencement of employment is expected ... business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and ...

Clinical Risk Manager

Manhattan, NY · On-site

$120K - $150K/yr

... normal business hours) on risk management issues and other concerns. 16. Expect to work flexible hours to participate in staff interviews, risk management and patient safety events, debriefs and ...

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Business Risk Manager information

How much does a risk manager get paid?

A business risk manager's average salary in the United States ranges from $80,000 to $130,000 annually, depending on experience, industry, and location. Senior risk managers or those with specialized certifications like FRM or CRM can earn higher salaries, often exceeding $150,000. Compensation also includes benefits such as bonuses and professional development opportunities.

What does a business risk manager do?

A business risk manager identifies, assesses, and mitigates potential risks that could impact an organization's operations, financial health, or reputation. They analyze data, develop risk management strategies, and implement policies to minimize threats, often using tools like risk assessment software and requiring certifications such as CRM or FRM. Their role involves continuous monitoring and communication with stakeholders to ensure business resilience.

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.

Do risk managers make good money?

Risk managers, including business risk managers, typically earn competitive salaries that vary based on experience, industry, and location. According to industry reports, median annual salaries range from $80,000 to over $130,000, with higher earnings possible for those with advanced certifications like CRM or FRM. The role often requires strong analytical skills and knowledge of risk assessment tools.

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.

What is the highest salary for a risk manager?

The highest salary for a business risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications, or leadership roles in large organizations. Senior risk managers or directors in financial services, insurance, or consulting firms tend to earn the highest compensation. Salary levels also depend on geographic location, industry, and the complexity of risk management responsibilities.

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

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.
What job categories do people searching Business Risk Manager jobs in Montclair, NJ look for? The top searched job categories for Business Risk Manager jobs in Montclair, NJ are:
What cities near Montclair, NJ are hiring for Business Risk Manager jobs? Cities near Montclair, NJ with the most Business Risk Manager job openings:
Risk Manager

Risk Manager

Kafene

New York, NY • On-site

$95K - $130K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 21 days ago


Job description

Get to Know Us
Kafene is revolutionizing the lease-to-own space. We're the point-of-sale powerhouse making flexible lease-to-own accessible to everyone-prime and non-prime customers alike. Our secret weapon? Cutting-edge AI and machine learning that analyzes 20,000+ data inputs in real-time, empowering retailers across furniture, appliances, electronics, tires, and durable goods to say "yes" to more customers.
The numbers tell our story: over $500 million in sales and counting. But we're just getting started.
Our 150-person team spans NYC headquarters, Wilmington, and remote talent across the globe-all united by a culture that thrives on collaboration, innovation, and genuine support. We don't just talk about great workplace culture; we deliver it. That's why Built In named us a Startup to Watch and Forbes recognized us as one of the Best Startup Employers.
Ready to be part of the fintech revolution? Join us.
About the Team
Kafene's Risk team is a key driver of growth for the business. As a Risk Manager, you will report to the VP of Risk and help build Kafene's profit-driven consumer underwriting strategies. You will harness complex data sources and machine learning, and you will partner across technology and senior leadership to develop strategies that optimize credit risk, fraud risk, and other factors across underwriting, portfolio management, and collections.
What You'll Do
  • Leverage multiple and complex data sources such as Bureau information, alternative data, consumer behavior, the macro environment, and portfolio performance metrics to perform quantitative analyses, classification/decision-tree analyses and/or machine learning modeling to understand root causes and/or potential business opportunities
  • Translate data into meaningful insights, and design, implement and iterate on strategies to drive profitable business growth. Review findings with senior management, like CRO and CEO.
  • Design and manage A/B tests, pilot programs, and controlled experiments to evaluate new strategies, including defining test populations, randomization logic, and success criteria.
  • Build and maintain dashboards and reporting infrastructure to enable real-time monitoring of strategy performance across key metrics.
  • Monitor our acquisition and portfolio performance related to consumer or merchant credit risk, fraud risk, lease amount, term, channel, and other important metrics across the account lifecycle.
  • Monitor both internal and macroeconomic performance to define risk appetite and ensure healthy businesses under different environments.
  • Partner with technology, product, and cross-functional teams to ensure timely and quality implementation with diligent test validation. Track the performance to ensure that it meets expectations.

What You'll Bring
  • Master's degree in a quantitative discipline such as Statistics, Operations Research, Economics, Engineering, Data Science, or other STEM majors.
  • Minimum 2 years in the financial industry in an analytical function. Experience in credit risk strategy/collection areas is a plus
  • High Proficiency in business reporting and analytical tools such as Power BI and, Tableau is required
  • High-level proficiency in Python, SQL, SAS or other data mining and analytical tools. Familiarity with any decision tree analysis tool, like Enterprise Miner, is a plus
  • Experience of extracting business insights from data analysis and assembling them into clear business insights or recommendations in the financial service/consumer lending industry

Compensation and Benefits:
  • Base Salary: Earn a competitive base salary $95,000-$130,000
  • Healthcare: We prioritize your well-being by covering 80% of medical, dental, and vision insurance costs, including coverage for your spouse, children, and other dependents.
  • Retirement Benefits: Begin planning for your future from day one with our 401k plan.
  • Paid Time Off: We understand the importance of work-life balance. That's why we offer flexible paid time off days starting from day one of your employment.

We're building a team as diverse as the customers we serve. Kafene is proud to be an equal-opportunity employer, and we mean it. We welcome qualified applicants of every race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, veteran status, and all other legally protected characteristics.
Need accommodation during the application process? We've got you. If you're applying for a U.S. position and require reasonable accommodation at any stage, reach out to careers@kafene.com with details about your request and contact information. We're here to help make the process work for you.
Note: This email address is specifically for accommodation requests and will only respond to those inquiries.