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Deputy Chief Risk Officer Jobs (NOW HIRING)

PA · On-site

$150 - $200/hr

Chief Risk Officer (CRO)** will report directly to the CEO with a dotted line to the Risk and Audit Committee of the Board.# The CRO will be a a member of the Executive Team and will work closely ...

The Chief Risk Officer (CRO) will report directly to the CEO with a dotted line to the Risk and Audit Committee of the Board. The CRO will be a a member of the Executive Team and will work closely ...

The Chief Risk Officer role sits at the intersection of business decision-making, risk ownership, insurance strategy, and technology risk. It is not a traditional compliance or audit role. The focus ...

The Chief Risk Officer role sits at the intersection of business decision-making, risk ownership, insurance strategy, and technology risk. It is not a traditional compliance or audit role. The focus ...

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Deputy Chief Risk Officer information

See salary details

$31K

$99.3K

$187K

How much do deputy chief risk officer jobs pay per year?

As of Jul 23, 2026, the average yearly pay for deputy chief risk officer in the United States is $99,338.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,500.00 and $128,500.00 per year, depending on experience, location, and employer.

What are the main responsibilities of a Deputy Chief Risk Officer?

A Deputy Chief Risk Officer (Deputy CRO) assists in managing and overseeing an organization’s risk management framework. They support the Chief Risk Officer in identifying, assessing, and mitigating risks that could impact the business, ranging from financial risks to operational and compliance risks. Deputy CROs help develop risk policies, ensure regulatory compliance, and coordinate with various departments to promote a risk-aware culture. They also play a crucial role in crisis management and in reporting risk exposures to senior leadership.

What are some common challenges faced by a Deputy Chief Risk Officer when aligning risk management strategies across multiple departments?

A Deputy Chief Risk Officer often encounters challenges in ensuring that risk management strategies are consistently applied across diverse departments, each with its own priorities and risk tolerances. Coordinating communication and fostering a risk-aware culture can be complex, especially in large organizations. It requires strong collaboration skills, as the role involves working closely with department heads to align policies, resolve conflicts, and implement standardized risk assessment practices. Staying updated on regulatory changes and adapting strategies accordingly is also crucial to maintaining organizational resilience.

What are the key skills and qualifications needed to thrive as a Deputy Chief Risk Officer, and why are they important?

To thrive as a Deputy Chief Risk Officer, you need deep expertise in risk management, financial analysis, regulatory compliance, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment software, enterprise risk management (ERM) systems, and certifications like FRM or PRM are highly valued. Strong leadership, strategic thinking, and excellent communication skills help in guiding teams and influencing organizational risk culture. These skills and qualifications are crucial for proactively identifying and mitigating risks to ensure the organization's stability and regulatory compliance.

What is the difference between Deputy Chief Risk Officer vs Risk Manager?

AspectDeputy Chief Risk OfficerRisk Manager
ResponsibilitiesSupports the CRO, oversees risk policies, manages risk teams, and assists in strategic risk planning.Identifies, assesses, and mitigates risks within specific departments or projects.
QualificationsTypically requires advanced degrees, professional risk certifications (e.g., FRM, CRM), and extensive experience.Requires relevant risk management experience, certifications, and a solid understanding of industry risks.
Work EnvironmentPart of senior management, involved in strategic decision-making, often in financial or corporate sectors.Operational role, often within specific departments, focusing on day-to-day risk mitigation.

The Deputy Chief Risk Officer plays a strategic, leadership role supporting the CRO in managing enterprise-wide risks, while the Risk Manager focuses on operational risk assessment and mitigation within specific areas. Both roles require risk management expertise and certifications, but differ in scope and seniority.

More about Deputy Chief Risk Officer jobs
What cities are hiring for Deputy Chief Risk Officer jobs? Cities with the most Deputy Chief Risk Officer job openings:
Infographic showing various Deputy Chief Risk Officer job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 93% Full Time, 5% Part Time, and 1% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $99,338 per year, or $47.8 per hour.
VP, Chief Risk Officer

$150 - $200/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago


Job description

# The **Chief Risk Officer (CRO)** will report directly to the CEO with a dotted line to the Risk and Audit Committee of the Board.# The CRO will be a a member of the Executive Team and will work closely with the Chief Executive Officer, Chief Financial Officer and General Counsel to coordinate PJM's enterprise risk management operations, including evaluating, identifying, managing, reporting, responding to and overseeing risks externally and internally to the organization.# The CRO provides independent oversight of strategic, operational, financial, market, regulatory, cyber and reputational risks, and advises leadership and the Board on emerging and systemic risks that could affect grid reliability, market outcomes or stakeholder confidence.# The CRO will focus on developing approaches to mitigate, prevent and respond to risk to the PJM enterprise. Specifically the CRO will drive efficient and effective governance of market and credit risk, collateral management, underwriting corporate insurance, trade risk and analytics, model validation, KYC (know your customer) and quantitative analytics. The CRO will account for assessing and mitigating credit and payment default risk to PJM's wholesale markets and will define and oversee methods to monitor market participant behavior including position trends in all markets.# # **Essential Functions:**# # The CRO will establish and maintain credibility and trust with the PJM Executive Team and cross-functional stakeholders.# The CRO will utilize collaboration, compromise, influence, leadership, negotiation, consensus building and overall communication methods to challenge the status quo in an effort to ensure an understanding of the risks facing PJM and the prevention, mitigation and response of such risks.# The CRO will engage with existing staff functions of Credit, Model Validation, and Enterprise Risk Management to develop and enhance the Market Trade Risk capabilities.# # The CRO will perform a thorough assessment of the current state of:* # Credit, Model Validation and Enterprise Risk Management functions* # Organizational design and determine if changes needed to make the risk function more effective* # Available technology appropriate for implementing the risk function# As defined and approved by the CEO, the CRO will determine:* # Appropriate risk controls* # Appropriate methodologies for risk measurements and internal process changes needed for risk measurement and reporting# # Develop effective communications and consensus building with Members and Regulators to gain acceptance of proposed changes to enhance risk management, such as:# # Development of comprehensive market participant surveillance processes that monitor participant’s trading activity, market positions, margins, trends and behaviors.# Develop processes and strategies to highlight notable or abnormal market participation positions or trends with a process for communication within and across the enterprise, specifically ensuring the CEO is aware in a timely fashion of actual or potential risks and material/significant risks# Oversee market and counterparty risk analyses which will involve development of new market risk analytics and credit & collateral risk analytics systems and processes with a process for communication within and across PJM, specifically ensuring the CEO is aware of actual or potential material and/or significant risk items in a timely fashion.# Lead the Risk Management Committee to address credit and risk management issues by attending all meetings and preparing and reviewing all content of the meeting# Review credit and collateral requirements for Members while providing oversight to review models to ensure participant behavior is monitored with appropriate follow up and metrics and communicated to CEO, CFO, General Counsel and Members in a timely manner# Provide oversight of extensive quantitative analysis to simulate various scenarios and test the proposed risks against real-time events to provide data for better and informed decision making# Provide oversight of the development of automated risk reports and risk tracking processes to streamline daily risk reporting and position indicators# Coordinate enterprise risks across the organization for PJM, our employees, reputation, assets and interests of Stakeholders and Members# Establish risk appetite, risk tolerance levels, and key risk indicators in coordination with executive leadership and the Board.# Facilitate risk management mitigation methodology to execute and control the risk strategy by partnering with the relevant business areas to identify the critical risks, and provide a comprehensive risk inventory# Advise, solicit feedback and offer recommendations to internal teams based on knowledge and information gained through the risk management methodology process# Present recommendations and analysis on credit risk management practices and engage key Stakeholders within the PJM community to gain consensus on key recommendations to protect from default risk# Prepare supporting materials for FERC filings and contribute to FERC filings as needed.# Provide recommendations, updates and detailed reports to CEO and the Risk and Audit Committee of the PJM Board of Managers# Comply with applicable audits of policy and compliance to standards, including liaison with internal and external auditors# Provide support, education and training to staff to build risk awareness within the organization# Provide independent risk perspectives on stakeholder filings, market rule changes, and enforcement matters.# Evaluate systemic market risks and unintended consequences of market reforms or regulatory mandates.# All other duties as assigned or requested by the CEO# # **Characteristics and Qualifications:**# **Required:** Bachelor's degree in Business Administration, Economics, Finance or At least 10 years of experience as Risk Management Officer 10+ years of leadership experience in a managerial/supervisory role. 15+ years of leadership experience in a managerial/supervisory role.* # Extensive credit and financial risk management skills and analytical experience* # Extensive risk management and financial markets background* # Demonstrated effective communications skills and advocacy/influencing ability* # Demonstrated collaboration skills (internal and cross-divisional)# **Preferred:** MBA, Business Administration Experience with PJM Agreements and Tariffs Experience with PJM operations, markets, and planning functions Experience supporting any of PJM Committees* # Reviewing and improving credit requirements* # Reviewing and improving new member acceptance processes* # Resolving conflicts that may arise in the stakeholder process regarding such processesPJM employees work collaboratively to maintain the reliability of North America’s largest centrally dispatched electric grid and to operate one of the world’s largest competitive wholesale electricity markets.We seek talented candidates who thrive in a diverse, challenging and creative environment where they have opportunities to grow, learn new skills and build a career.Learn more about PJM by visiting the .Discover your potential at PJM Interconnection, an energy industry leader dedicated to diversity and inclusion. We appreciate the unique contributions of individuals from all walks of life and strive to create an inclusive and nurturing environment where everyone can excel. Diversity includes everyone at PJM! If you're seeking a dynamic and supportive workplace that values innovation and creativity, we invite you to explore opportunities with our team.### Benefits* Medical, vision and dental insurance* 401(k) plan with 100% employer match up to 5% of salary* Non-elective 401(k) employer contribution* Vacation and paid holidays* Tuition reimbursement* Life insurance* Accidental death and dismemberment insurance* Short-term #J-18808-Ljbffr