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Commercial Risk Manager Jobs in Union, NJ (NOW HIRING)

Cross River

VP, Commercial Credit Risk

Fort Lee, NJ · On-site

What We're Looking For The Vice President, Commercial Credit Risk serves as a critical second line of defense within the Credit Risk Management division of a FDIC-regulated community bank ...

Cross River

VP, Commercial Credit Risk

Fort Lee, NJ · On-site

What We're Looking For The Vice President, Commercial Credit Risk serves as a critical second line of defense within the Credit Risk Management division of a FDIC-regulated community bank ...

Cross River

VP, Commercial Credit Risk

Fort Lee, NJ · Hybrid

What We're Looking For The Vice President, Commercial Credit Risk serves as a critical second line of defense within the Credit Risk Management division of a FDIC-regulated community bank ...

thg

Risk Solutions Service Manager

New York, NY · Remote

WHAT YOU NEED TO APPLY: * 7+ years of experience in Risk Solutions handling middle market commercial accounts with strong emphasis on service. * Bachelor's Degree in Safety, Risk Management ...

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All JobsCommercial Risk JobsCommercial Risk Manager JobsCommercial Risk Manager Jobs in Union, NJ

Commercial Risk Manager information

See Union, NJ salary details

$52.5K

$113.7K

$173.2K

How much do commercial risk manager jobs pay per year?

As of Sep 8, 2026, the average yearly pay for commercial risk manager in Union, NJ is $113,679.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,700.00 and $131,500.00 per year, depending on experience, location, and employer.

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 job categories do people searching Commercial Risk Manager jobs in Union, NJ look for?

The top searched job categories for Commercial Risk Manager jobs in Union, NJ are:

What cities near Union, NJ are hiring for Commercial Risk Manager jobs?

Cities near Union, NJ with the most Commercial Risk Manager job openings:

Commercial Risk Manager jobs near you
Infographic showing various Commercial Risk Manager job openings in Union, NJ as of August 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 82% Physical, 3% Hybrid, and 15% Remote job distribution, with an average salary of $113,679 per year, or $54.7 per hour.

Associate Director, Credit Risk Manager

Royal Bank of Canada

New York, NY • On-site

$120K - $200K/yr

Full-time

Posted 26 days ago

Job description

Job Description
What is the Opportunity?
Evaluates commercial loan requests by reviewing applicants' credit histories and analyzing financial statements in order to approve or deny loan applications. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments
What will you do?
  • Reviews the credit history, profitability and liquidity of clients to assess the risk level involved in credit extension or money lending.
  • Consults with customers to verify financial and credit transactions; responds to customer inquiries and resolves customer complaints.
  • Communicates with credit associations and other relevant authorities about the credit history of customers.
  • Analyzes financial data to determine customers' financial status and the expected profitability of commercial loans; recommends approval or denial of loan applications.
  • At an early stage, work closely with the business on the risk aspects of new transactions under consideration and provide direction and guidance as required to ensure the eventual deal structure adequately mitigates key risk concerns.
  • Review Single Name Strategies and Credit Requests within agreed timelines, evaluate the risks and highlights exceptions to applicable policies and guidelines and recommends appropriate course of action to GRM executives
  • Review borrower risk assessments in a timely manner to identify and evaluate the major risks and adjudicate the appropriate Risk Rating to meet regulatory and business requirements.
  • Prepare peer group comparisons from both a business and a financial perspective in support of the risk rating recommendation
  • Develop complex financial models (including income, balance sheet and cash flow statements, breakeven analysis and multivariable sensitivity testing)
  • Actively follow business and financial performance through continuous monitoring of financial and industry information, regulatory events, external rating agency movements and other early warning signals
  • Ensure timeliness and accuracy of the Classification/Watch Report
  • Supporting senior staff as required, mentoring junior staff if applicable.
  • Ensure a continuous improvement culture with particular focus on reducing non value added processes

What do you need to succeed?
Must have:
  • Bachelor Degree required
  • 5-8 years of related work experience including experience working in group risk management or a corporate banking function of a major investment bank
  • Two years of experience developing financial models, performing credit risk analysis and working with Capital Markets division of a Global bank.
  • Ability to prepare write clear and concise reports in a timely fashion, documenting applicable business requirements and regulatory concerns
  • Strong communication (written and verbal) and interpersonal skills.

Nice to have:
  • Demonstrated financial modelling and analytical skills
  • Strong teamwork skills
  • Computer literate with high comfort level in use of word processing (Word), spreadsheet (Excel) and database software (various) and in using electronic tools for online research
  • Development or review of complex financial models (including income, balance sheet and cash flow statements, breakeven analysis and multivariable sensitivity testing). Ability to apply the forecasted changes in macro-economic variables to prepare a stressed forecast for the client's business.

What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work
  • Opportunities to building close relationships with clients

The expected salary range for this particular position is $120,000-$200,000 (New York) depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
  • Drives RBC's high-performance culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value

Job Skills
Accounting Finance, Asset and Liability Management (ALM), Commercial Loan Review, Confidentiality, Credit Analysis, Customer Service, Customer Success, Detail-Oriented, Financial Statement Analysis, Risk Management
Additional Job Details
Address:
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK
City:
New York
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-08-13
Application Deadline:
2026-10-31
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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