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Commercial Risk Manager Jobs in Virginia (NOW HIRING)

These skills allow the Risk Manager to gain insights and act as a change agent to influence ... Oversee and challenge the risk-taking by the First Line of Defense across Card, Retail, Commercial ...

These skills allow the Risk Manager to gain insights and act as a change agent to influence ... Oversee and challenge the risk-taking by the First Line of Defense across Card, Retail, Commercial ...

These skills allow the Risk Manager to gain insights and act as a change agent to influence ... Oversee and challenge the risk-taking by the First Line of Defense across Card, Retail, Commercial ...

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Commercial Risk Manager information

What does a commercial risk manager do?

A Commercial Risk Manager is responsible for identifying, assessing, and mitigating risks that could impact a company's business operations and profitability. They analyze internal and external factors, develop risk management strategies, and implement policies to minimize potential financial losses or legal liabilities. These professionals often collaborate with various departments to ensure compliance and maintain the organization's risk profile within acceptable limits.

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

To thrive as a Commercial Risk Manager, you need expertise in risk assessment, financial analysis, and a solid understanding of regulatory compliance, typically supported by a bachelor’s degree in finance, business, or related fields. Familiarity with risk management software, data analytics tools, and relevant certifications such as CRM (Certified Risk Manager) or FRM (Financial Risk Manager) is often required. Strong communication, problem-solving, and decision-making abilities help build trust with stakeholders and manage complex risk scenarios. These skills ensure the organization can proactively identify, evaluate, and mitigate potential risks, safeguarding company assets and supporting business growth.

How does a commercial risk manager typically collaborate with other departments within an organization?

A Commercial Risk Manager works closely with various departments such as sales, finance, legal, and operations to identify, assess, and mitigate risks that could impact business objectives. This role often involves facilitating risk assessments, providing guidance on contract terms, and ensuring compliance with internal policies and external regulations. Effective communication and relationship-building are key, as the Commercial Risk Manager must translate complex risk concepts into actionable recommendations for different teams. Regular cross-functional meetings and risk reporting are common practices to keep all stakeholders informed and aligned.

What is the difference between Commercial Risk Manager vs Insurance Underwriter?

AspectCommercial Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in business, finance, or risk management; professional certifications like CRM or RIMS are commonRequires a bachelor's degree in finance, economics, or related fields; certifications like CPCU or ARM are advantageous
Work EnvironmentWorks within companies to assess and mitigate risks related to commercial operationsWorks for insurance companies to evaluate and price insurance policies
Industry UsageUsed across industries to manage business risks and ensure financial stabilityPrimarily in insurance companies to determine policy terms and premiums

The Commercial Risk Manager and Insurance Underwriter roles share a focus on risk assessment and require similar credentials. However, the Risk Manager works internally to manage company risks, while the Underwriter evaluates risks to set insurance policies. Both roles are vital in their respective sectors and often collaborate to ensure comprehensive risk coverage.

Do commercial risk managers make good money?

Commercial risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual salaries range from $80,000 to over $130,000, with higher earnings possible for those with advanced certifications or extensive experience. The role often requires strong analytical skills and knowledge of risk assessment tools.

What are popular job titles related to Commercial Risk Manager jobs in Virginia?

For Commercial Risk Manager jobs in Virginia, the most frequently searched job titles are:

What cities in Virginia are hiring for Commercial Risk Manager jobs?

Cities in Virginia with the most Commercial Risk Manager job openings:

Infographic showing various Commercial Risk Manager job openings in Virginia as of June 2026, with employment types broken down into 66% Full Time, 32% Part Time, and 2% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution.

Manager, Consumer Advisory Risk | Retail Bank

Mclean, VA • On-site

Capital One
Funds, Trusts and Financial Programs • 10K+ employees

Full-time

Posted 10 days ago


Capital One rating

7.8

Company rating: 7.8 out of 10

Based on 148 frontline employees who took The Breakroom Quiz


Job description

Manager, Consumer Advisory Risk | Retail Bank
Capital One, a Fortune 500 company and one of the nation's top 10 banks, offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Our goal is to create one of the nation's great banks, and we have the necessary ingredients: a strong balance sheet, resilient businesses, a massive customer franchise, strong analytical capabilities, and great people. We nurture a work environment where people with a variety of thoughts, ideas and backgrounds, guided by our shared values, come together to make Capital One a great company - and a great place to work.
As a Risk Manager at Capital One you'll be responsible for working with business partners to identify and mitigate potential risks to Capital One. Risk Managers at Capital One are the front line of defense to ensure our Company remains stable and profitable. They have a high level of exposure across lines of business and have the opportunity to work with Executives to create and implement innovative solutions to identify and mitigate potential risks to the Company. Retail Consumer Bank Risk focuses on marketing, product design, product implementation, technology, and customer protection that allow our customers to bank with confidence. Risk advisors work through unstructured problems and manage change while demonstrating superior problem-solving skills and strong judgment.
Responsibilities
As a Manager-level risk advisor, you will:

  • Advise and consult with risk and business teams to help develop well-designed products, processes, and supporting technologies
  • Establish and maintain positive working relationships with product owners, process managers, compliance advisors, legal counsel, auditors, and other risk associates
  • Manage multiple tasks to meet deadlines, independently and with team collaboration
  • Oversee risk event remediation impacting customers stemming from process breakdowns or other problems, helping develop permanent corrective actions
  • Work across the division to execute the first line risk assessments, and assist with establishing risk mitigation plans
  • Deliver on our well-managed agenda by facilitating various risk assessments, and consulting on effective challenge
  • Review, analyze, assess risk, document effective controls to cover gaps enhancing the control suite effectiveness (CSE)
  • Other risk efforts, including but not limited to: Audit/Exams support, Control Testing, Executive Reporting, RMAP coverage, PSP management and renewal/certification, hosting Office Hours with Legal and Compliance, and support the Business on everyday Risk Management areas

Successful Risk Managers in our culture are:
  • Innovative, adaptive, and inclusive
  • Exceptional verbal and written communicators
  • Creative, outside-the-box thinkers who have a customer-backed problem-solving approach
  • Able to assist on multiple work streams and tasks simultaneously
  • Collaborative, team players with the ability to navigate organizations
  • Passionate about continuously learning
  • Able to blend strategic and tactical thinking and creative and analytical reasoning
  • Able to proactively identify themes and apply learnings in highly ambiguous contexts

Basic Qualifications
  • At least 3 years of experience in banking process management, risk management, product management, or operations
  • At least 2 years of Project Management experience
  • At least 2 years of experience supporting, partnering and interacting with internal business clients

Preferred Qualifications
  • 5+ years of experience in risk management, financial services, technology, or product management
  • 5+ Experience with risk core methodologies and risk categories
  • Professional certifications (such as Business Process Management certification, Lean or Green Belt Certification CFE, CRM, CIA, CRMA, CRCM)

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
McLean, VA: $151,900 - $173,400 for Risk Manager
Richmond, VA: $138,100 - $157,700 for Risk Manager
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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