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Director Of Risk Management Jobs in Baltimore, MD

The Director of Risk Management is responsible for leading and coordinating the organization's risk management program, ensuring the identification, assessment, monitoring, and mitigation of risks ...

Director of Risk Management

Towson, MD · On-site

$51.18 - $84.34/hr

The Director of Risk Management is responsible for leading and coordinating the organization's risk management program, ensuring the identification, assessment, monitoring, and mitigation of risks ...

As of December31, 2024, T.Rowe Pricehad $1.61 trillionin assets under management, serving millions ... Role Summary The Fixed Income Risk Director is a key role within Investment Risk at T. Rowe Price.

... active management across asset classes. This senior manager is a high-impact role within the Equity Risk team, reporting to the Director of Equity Risk who leads a team of 6 associates, that ...

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Director Of Risk Management information

See Baltimore, MD salary details

$53.7K

$142.3K

$258.3K

How much do director of risk management jobs pay per year?

As of Jul 31, 2026, the average yearly pay for director of risk management in Baltimore, MD is $142,274.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,800.00 and $166,400.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

The highest paying risk management roles are often executive-level positions such as Chief Risk Officer (CRO) or Vice President of Risk Management, with salaries exceeding $200,000 annually. These roles typically require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills in overseeing enterprise-wide risk strategies.

What does a risk management director do?

A risk management director oversees an organization’s risk assessment and mitigation strategies to minimize financial, legal, and operational risks. They develop policies, analyze potential threats, and coordinate with other departments to ensure compliance and safety, often using risk management software and requiring relevant certifications. Their role involves strategic planning and leadership to protect the organization’s assets and reputation.

What does a director of risk management make?

A director of risk management typically earns a salary ranging from $100,000 to $200,000 annually, depending on industry, experience, and location. They often oversee risk assessment, mitigation strategies, and compliance efforts within organizations, requiring strong analytical and leadership skills.

What is the difference between Director Of Risk Management vs Risk Analyst?

AspectDirector Of Risk ManagementRisk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, Risk Management certifications)Bachelor's degree in finance, risk management, or related field
Work EnvironmentStrategic leadership, overseeing risk policies and teamsData analysis, risk assessment, supporting risk management strategies
Industry UsageUsed in large corporations, financial institutions, insurance companiesCommon in finance, insurance, and corporate sectors

The Director Of Risk Management focuses on strategic oversight and leadership in risk policies, while the Risk Analyst handles data analysis and risk assessment tasks. Both roles are essential in risk management but differ in scope and seniority.

How much does a head of risk management make?

A Director of Risk Management typically earns between $90,000 and $180,000 annually, depending on industry, experience, and location. Senior risk managers with certifications like CRM or FRM may earn higher salaries, especially in large organizations or financial sectors.
What are the most commonly searched types of Of Risk Management jobs in Baltimore, MD? The most popular types of Of Risk Management jobs in Baltimore, MD are:
What are popular job titles related to Director Of Risk Management jobs in Baltimore, MD? For Director Of Risk Management jobs in Baltimore, MD, the most frequently searched job titles are:
What job categories do people searching Director Of Risk Management jobs in Baltimore, MD look for? The top searched job categories for Director Of Risk Management jobs in Baltimore, MD are:
What cities near Baltimore, MD are hiring for Director Of Risk Management jobs? Cities near Baltimore, MD with the most Director Of Risk Management job openings:
Infographic showing various Director Of Risk Management job openings in Baltimore, MD as of July 2026, with employment types broken down into 83% Full Time, 15% Part Time, and 2% Contract. Highlights an 97% In-person, and 3% Remote job distribution, with an average salary of $142,274 per year, or $68.4 per hour.

Director of Risk Management

Sheppard Pratt

Towson, MD

$106K - $175K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 10 days ago


Sheppard Pratt rating

6.2

Company rating: 6.2 out of 10

Based on 43 frontline employees who took The Breakroom Quiz

700th of 885 rated healthcare providers


Job description

What to expect.

The Director of Risk Management is responsible for leading and coordinating the organization's risk management program, ensuring the identification, assessment, monitoring, and mitigation of risks affecting patients, employees, visitors, property, and organizational operations. This position oversees risk management processes, supports litigation and claims management activities, facilitates regulatory and accreditation readiness, administers the Enterprise Risk Management (ERM) platform, provides risk-related education and reporting, and serves as a key resource to the General Counsel on legal and compliance-related matters. The Director collaborates with operational leaders, committees, and external stakeholders to promote a proactive approach to risk reduction and organizational resilience.

Specific responsibilities include:

1. General Risk Management

  • Direct and administer the organization's risk management program, including the identification, assessment, documentation, monitoring, and mitigation of risks affecting patients, employees, visitors, property, and organizational operations.
  • Maintain risk management policies, procedures, and risk assessment tools, including the Risk Matrix, ensuring compliance with regulatory, accreditation, and organizational requirements.
  • Conduct investigations of incidents, claims, and adverse events; preserve evidence and witness statements; analyze risk data and trends; and collaborate with operational leaders to develop and implement corrective actions, peer review activities, and risk mitigation strategies.
  • Support Root Cause Analyses (RCA), patient safety initiatives, accreditation readiness efforts, regulatory surveys, and performance improvement activities designed to reduce organizational risk and improve outcomes.
  • Review and evaluate vendor agreements and contracts to identify, minimize, and appropriately manage organizational risk exposures.

 2. Litigation Management Assistance

  • Support litigation and claims management activities by preparing employees subpoenaed as witnesses, maintaining legally appropriate claim files, assisting with discovery requests, and reviewing external counsel pleadings, motions, and other legal documents for accuracy, professionalism, and consistency with organizational interests.

3. Committee Obligations

  • Facilitate Risk Management Committee activities, including meeting coordination, monitoring higher-risk events, presenting risk-related data and trends, evaluating root causes, and developing recommendations to reduce recurring risks and improve organizational performance.

4. Enterprise Risk Management (ERM) Platform Administration

  • Administer and maintain the Enterprise Risk Management (ERM) platform, including documenting organizational risk priorities, monitoring action plans, tracking mitigation efforts, and reporting on key enterprise risk objectives and initiatives.

5. Education and Reporting

  • Develop and deliver risk management education and training programs for providers, nursing staff, and other stakeholders, and prepare periodic reports and presentations for executive leadership and the Board regarding high-risk events, claims activity, risk trends, and ongoing litigation matters.

6. Legal Support

  • Provide support to the General Counsel by responding to legal inquiries, conducting legal and regulatory research, reviewing and editing contracts, representing organizational interests in guardianship proceedings, and assisting with other legal, compliance, and risk-related matters as assigned.

What you'll get from us. 

At Sheppard Pratt, you will work alongside a multi-disciplined team led by a bold vision to change lives. We offer:

  • A commitment to professional development, including a comprehensive tuition reimbursement program to support ongoing education and licensure and/or certification preparation
  • Comprehensive medical, dental and vision benefits for benefit eligible positions

  • 403b retirement match

  • Generous paid-time-off for benefit eligible positions

  • Complimentary Employee Assistance Program (EAP)

  • Generous mileage reimbursement program

This position has a pay range of This position has a pay range of $106,455.86 to $175,419.71 USD.

What we need from you.

  1. Bachelor’s degree in Business, Legal, Finance, Accounting, Risk Management or similar field required. Juris Doctorate highly preferred. 
  2. Minimum of 5 years’ experience in risk management is required. Experience in health care industry is preferred.
  3. Comprehensive knowledge of healthcare risk management principles, enterprise risk management methodologies, claims administration, loss prevention strategies, patient safety practices, accreditation standards, HIPAA requirements, and applicable regulatory obligations.
  4. Knowledge of litigation support processes, legal documentation, discovery procedures, evidence preservation requirements, contract review practices, and healthcare-related legal and compliance considerations.
  5. Demonstrated ability to investigate complex incidents, analyze data and trends, assess organizational risk exposures, identify root causes, and develop practical recommendations to reduce risk and improve operational performance.
  6. Strong analytical, problem-solving, organizational, and project management skills, with the ability to manage multiple priorities, deadlines, and sensitive matters while maintaining accuracy and attention to detail.
  7. Excellent written, verbal, presentation, and interpersonal communication skills, including the ability to prepare reports, policies, educational materials, and executive-level presentations and effectively interact with internal and external stakeholders.
  8. Proficiency in risk management software, Enterprise Risk Management (ERM) platforms, Microsoft Office applications, and reporting tools, with the ability to maintain confidential information and exercise sound independent judgment in sensitive situations.

WHY SHEPPARD PRATT?
At Sheppard Pratt, we are more than just a workplace. We are a community of healthcare professionals who are dedicated to providing hope and healing to individual’s facing life’s challenges. Join us and be a part of a mission that changes lives!

#LI-HD1


What Sheppard Pratt employees say

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About Sheppard Pratt

Sourced by ZipRecruiter

Sheppard Pratt is the nation's largest private, nonprofit provider of mental health, substance use, special education, developmental disability, and social services. We serve over 70,000 people every year and have over 160 programs in 16 counties throughout the State of Maryland. Our mission is to improve the quality of life of individuals and families by compassionately serving their mental health, addiction, special education, and community support needs. U.S. News & World Report has ranked Sheppard Pratt as one of the top psychiatric hospitals in the nation for the past thirty years. ! Sheppard Pratt is committed to fostering a safe, welcoming, and diverse environment for employees and patients, and recently earned the "LGBTQ Health Care Equality Top Performer" designation from the Human Rights Campaign Foundation. Sheppard Pratt currently has 5,000 employees, and we are always looking to add compassionate and caring members to our team. If you are someone who is interested in behavioral health, psychology, education, nursing, or social work, Sheppard Pratt is the right fit for you."

Industry

Offices of mental health practitioners

Company size

5,001 - 10,000 Employees

Headquarters location

Baltimore, MD, US

Year founded

1853