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Director Of Risk Management Jobs in Madison, WI (NOW HIRING)

Madison, City of (WI)

Risk Manager

Madison, WI

$118K - $143K/yr

... City's risk management program which includes, but is not limited to: the City's liability ... Work is performed under the general supervision of the City Finance Director and is characterized ...

City of Madison, WI

Risk Manager

Madison, WI · On-site

$118K - $143K/yr

... City's risk management program which includes, but is not limited to: the City's liability ... Work is performed under the general supervision of the City Finance Director and is characterized ...

Empowered Staffing

Director of Wellness

Madison, WI · On-site

The Director of Wellness is responsible for leading all clinical and resident care operations of ... and risk management. * Address concerns related to resident care, medications, and overall well ...

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Director Of Risk Management information

See Madison, WI salary details

$54.4K

$144.3K

$262K

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

As of Aug 31, 2026, the average yearly pay for director of risk management in Madison, WI is $144,277.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,300.00 and $168,800.00 per year, depending on experience, location, and employer.

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.

What does a director of risk management do?

A director of risk management oversees an organization’s strategies to identify, assess, and mitigate potential risks that could impact business operations, financial stability, or reputation. They develop risk management policies, coordinate with other departments, and ensure compliance with regulations, often using tools like risk assessment software. Strong analytical skills and industry certifications are typically required for this role.

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 the industry, company size, and location. They often have advanced degrees and certifications such as CRM or ARM, and their compensation may include bonuses and benefits based on organizational risk mitigation success.

What are the most commonly searched types of Of Risk Management jobs in Madison, WI?

The most popular types of Of Risk Management jobs in Madison, WI are:

What job categories do people searching Director Of Risk Management jobs in Madison, WI look for?

The top searched job categories for Director Of Risk Management jobs in Madison, WI are:

What cities near Madison, WI are hiring for Director Of Risk Management jobs?

Cities near Madison, WI with the most Director Of Risk Management job openings:

Director Of Risk Management jobs near you
Infographic showing various Director Of Risk Management job openings in Madison, WI as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 16% Part Time, 2% Temporary, and 2% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $144,277 per year, or $69.4 per hour.

Director - Enterprise Risk Management

Church Mutual Insurance, S.I.

Madison, WI • On-site

Full-time

Re-posted yesterday

Job description

BASIC PURPOSE:
Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's enterprise risks. Evaluate emerging risks and trends that may impact the company's risk appetite and present mitigation strategies. Prioritize risks within the company's ERM framework, enterprise risk register, and risk profile to ensure risks are managed to minimize negative financial and operational impact. Manage tools, practices, and policies to analyze and report enterprise risks; evaluate new methodologies and risk technologies for continuous improvement. Responsible for creating organizational awareness of risk management through training and education. Develop, maintain, and administer the Business Continuity Program. Supervisor responsibilities to include staffing, training and development, performance management, and workforce planning.
PRIMARY JOB RESPONSIBILITIES:
  • Supervisor/Manager responsibilities may include all of the following:
    • Staffing needs, to include interviewing and onboarding for new employees.
    • Training and development, as well as coaching and motivation, for staff.
    • Performance management, goal setting, employee engagement, and salary administration.
    • Workforce management to include: unit equipment, software, and space needs; approving time off and overtime usage; and budget recommendations.
  • Lead or coordinate the development, maintenance, and governance of Own Risk and Solvency Assessment materials, ensuring alignment with regulatory expectations, capital adequacy considerations, the ERM framework, and enterprise risk appetite.
  • Monitor emerging strategic, operations, financial, regulatory, cyber, technology, third-party data, and AI-related risks and recommend practical mitigation strategies that support risk-informed business decisions.
  • Lead the design, development, implementation, and ongoing enhancement of CM Group's ERM framework. Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, monitor, and report the company's enterprise risks.
  • Facilitate the determination of the company's risk appetite, tolerances, and limits. Identify and report key regulatory changes, external factors, emerging risks, and trends that might impact the company's risk profile and present mitigation strategies for management's review.
  • Develop, analyze, quantify, and prioritize risks within the company's risk universe, enterprise risk register, and risk profile. Develop and maintain Key Risk Indicators (KRIs), risk appetite metrics, and related reporting to actively monitor risk exposures and trends. Ensure risks are recognized and managed in a manner the minimizes negative financial and operational impact while supporting efficient, cost-effective mitigation strategies.
  • Ensure the ERM framework is appropriate to the nature, scale, and complexity of the business. Work with cross-functional business leaders to regularly identify key risks across all types and categories. Assess risks based on likelihood, impact, and level of mitigation.
    • Prepare and present ERM reporting, risk assessments, emerging risk updates, risk appetite results, ERI trends, and mitigation plans for senior leadership, management committees, the Risk Management Committee, Board-level audiences, regulators, and auditors, as appropriate.
  • Lead the Business Continuity Program. Complete risk analysis, business impact analysis, assessment, and evaluation for all CM Group internal departments and critical outsourced partners. Identify comprehensive strategic solutions to satisfy the various business, regulatory, and technology requirements.
  • Manage the development and delivery of training that facilitates corporate ERM and Business Continuity awareness.
  • Manage the development and implementation of tools, practices, policies, and risk technology solutions to analyze, monitor, and report enterprise risks.
  • Leverage internal and external relationships of the ERM Department to deliver projects on time. Exerts influence appropriately on outside teams to meet project deliverables while creating positive impact within the organization.
  • Professionally represent the company's position with regulators, auditors, rating agencies, external vendors, and other key stakeholders.

QUALIFICATIONS:
  • Professional certification or designation in risk management, business continuity, audit, information security, compliance, or a related discipline is preferred.
  • Bachelor's degree in business or a related field is required.
  • 12-15 years' risk management experience developing and implementing enterprise risk management programs, including writing policies and procedures, producing executive materials, supporting risk committees/meetings, and instituting industry best practice risk management principles and practices.
    • Experience supporting insurance regulatory reporting, ORSA-related activities, risk appetite development, KRI reporting, enterprise risk assessments, and management or Board-level risk governance forums is preferred.
  • Demonstrated management experience.
  • Proficient in current ERM tools, risk reporting processes, and, where applicable, governance, risk, and compliance technology platforms. Able to add to and/or build complex models, tools, dashboards, or reporting solutions and monitor their effectiveness. .
  • Excellent oral communication and writing skills to produce clear and concise materials.
  • High-level critical thinking skills, including strategic thinking, effective analysis of data, and the ability to aggregate information.
  • Strong project management discipline and demonstrated success overseeing multiple projects to completion.
  • Proven ability to foster productive relationships with diverse staff, including senior leadership.
  • Strong ability to influence and lead a successful team.
  • Detail oriented, with a hands-on approach.
  • Ability to travel as necessary.

WORK ENVIRONMENT:
Professional office environment.
NOTE: This job description in no way states or implies that these are the only duties performed by this employee. Employees may be requested to perform job-related tasks other than those specifically presented in this job description. The employer reserves the right to change or assign other duties to this position.
The CM Group is made up of Church Mutual Insurance Company, S.I., CM Regent Insurance Company, and CM Vantage Specialty Insurance Company.

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