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Director Of Risk Jobs in Maryland (NOW HIRING)

Sheppard Pratt

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 ...

Sheppard Pratt

Director of Risk Management

Towson, MD

$106K - $175K/yr

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 ...

T Rowe Price

Director, Fixed Income Risk

Baltimore, MD · On-site

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.

T Rowe Price

Director, Counterparty Risk

Baltimore, MD · On-site

As of September 30, 2024, T. Rowe Price had ~$1.63T in assets under management. Role Summary The Director of Counterparty Risk reports to the Head of Investment Risk and has a seat on the Investment ...

T Rowe Price

Senior Equity Risk Manager

Baltimore, MD · On-site

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 contributes to effective risk oversight of the ...

Sheppard Pratt

Director of Insurance

Towson, MD · On-site

$51.18 - $84.34/hr

The Director of Insurance utilizes in-depth knowledge of insurance and risk management disciplines and applies analytical thinking to support program risk mitigation, and regulatory adherence. The ...

Maryland Department of Transportation

MD · On-site

$106K - $167K/yr

The Director of Safety and Risk Management (DOT Executive IV) primary responsibility is to ensure safety for Maryland Aviation Administration (MAA) employees, tenants, concessionaires, airline ...

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Director Of Risk information

See Maryland salary details

$10.7K

$137.8K

How much do director of risk jobs pay per year?

As of Aug 6, 2026, the average yearly pay for director of risk in Maryland is $136,857.00, according to ZipRecruiter salary data. Most workers in this role earn between $136,800.00 and $136,800.00 per year, depending on experience, location, and employer.

What is the difference between Director Of Risk vs Risk Manager?

AspectDirector Of RiskRisk Manager
ResponsibilitiesOversees enterprise-wide risk strategies, sets policies, and manages risk teamsIdentifies, assesses, and mitigates specific risks within departments or projects
Required CredentialsOften requires advanced degrees (e.g., MBA), certifications like CRM or FRM, and extensive experienceTypically requires a bachelor's degree, certifications like RIMS-CRMP, and relevant experience
Work EnvironmentStrategic, leadership-focused, often in corporate officesOperational, detail-oriented, working closely with teams on risk assessments

The main difference between a Director Of Risk and a Risk Manager lies in scope and seniority. The Director Of Risk handles enterprise-wide risk strategies and leadership, while the Risk Manager focuses on specific risk areas and implementation. Both roles require relevant certifications and experience, but the Director position involves higher-level decision-making and strategic planning.

How does a director of risk typically collaborate with other departments to manage organizational risk?

A Director of Risk works closely with various departments—such as compliance, finance, operations, and IT—to identify, assess, and mitigate potential risks. They often lead cross-functional meetings and risk assessment workshops to ensure all perspectives are considered and that risk controls are integrated into daily operations. Collaboration is key, as effective risk management requires input and buy-in from across the organization. Directors of Risk also frequently present findings and recommendations to executive leadership, ensuring alignment on risk appetite and mitigation strategies.

What are the key skills and qualifications needed to thrive as a director of risk, and why are they important?

To thrive as a Director of Risk, you need deep expertise in risk management, regulatory compliance, and business strategy, often supported by a bachelor’s or master’s degree in finance, business, or a related field. Familiarity with risk assessment tools, governance frameworks (such as COSO or ISO 31000), and relevant certifications like FRM or CRM is typically required. Exceptional leadership, analytical thinking, and communication skills help you influence stakeholders and navigate complex risk scenarios. These skills ensure the effective identification, mitigation, and communication of organizational risks, protecting the company’s assets and reputation.

What does a director of risk do?

A Director of Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations or objectives. They develop risk management strategies, oversee compliance with regulations, and ensure that proper controls are in place to minimize financial, legal, and reputational risks. Typically, this role involves working closely with senior leadership to align risk management with overall business goals and to foster a culture of risk awareness throughout the organization.
What are popular job titles related to Director Of Risk jobs in Maryland? For Director Of Risk jobs in Maryland, the most frequently searched job titles are:
What job categories do people searching Director Of Risk jobs in Maryland look for? The top searched job categories for Director Of Risk jobs in Maryland are:
What cities in Maryland are hiring for Director Of Risk jobs? Cities in Maryland with the most Director Of Risk job openings:
Director Of Risk jobs near you
Infographic showing various Director Of Risk job openings in Maryland as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 10% Part Time, and 4% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $136,857 per year, or $65.8 per hour.

Director of Risk Management

Sheppard Pratt

Towson, MD • On-site

$51.18 - $84.34/hr

Full-time

Medical, Dental, Vision, Retirement

Posted 17 days ago

Sheppard Pratt rating

6.2

Company rating: 6.2 out of 10

Based on 43 frontline employees who took The Breakroom Quiz

701st of 887 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
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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

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