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Finance Risk Management Jobs in New Jersey (NOW HIRING)

Design, implement, and maintain the organization's enterprise risk management (ERM) policies and protocols. * Quantify Impact: Analyze the potential financial and operational impact of identified ...

Design, implement, and maintain the organization's enterprise risk management (ERM) policies and protocols. * Quantify Impact: Analyze the potential financial and operational impact of identified ...

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Finance Risk Management information

See New Jersey salary details

$52.3K

$113.3K

$172.6K

How much do finance risk management jobs pay per year?

As of Sep 6, 2026, the average yearly pay for finance risk management in New Jersey is $113,256.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,400.00 and $131,000.00 per year, depending on experience, location, and employer.

What is finance risk management?

Finance risk management is the process of identifying, analyzing, and mitigating potential financial risks that could negatively impact an organization’s assets, earnings, or overall financial health. Professionals in this field use various strategies and tools to manage risks such as market fluctuations, credit defaults, operational issues, and regulatory changes. The goal is to minimize potential losses while maximizing opportunities for growth, ensuring the organization remains financially stable and compliant with relevant laws.

What are the key skills and qualifications needed to thrive in finance risk management, and why are they important?

To excel in Finance Risk Management, you need strong analytical skills, a solid understanding of financial markets, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, financial modeling software, and certifications such as FRM or CFA are commonly required. Exceptional problem-solving, communication, and decision-making skills help professionals effectively identify and mitigate risks. These competencies are crucial to safeguarding an organization’s assets and ensuring regulatory compliance in an evolving financial landscape.

What are some common challenges faced by professionals working in finance risk management?

Professionals in finance risk management often encounter challenges such as keeping up with rapidly changing regulations, managing diverse risk types (credit, market, operational), and ensuring accurate data analysis across complex financial systems. Additionally, they must balance risk mitigation with the organization's strategic goals, often working cross-functionally with departments like compliance, audit, and business units. Staying proactive and adaptable is key, as unexpected market events and evolving technologies can quickly alter the risk landscape.

What is the difference between Finance Risk Management vs Credit Analyst?

AspectFinance Risk ManagementCredit Analyst
Required CredentialsFinance degree, risk management certifications (FRM, CFA)Finance/economics degree, credit analysis certifications
Work EnvironmentFinancial institutions, corporate risk departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across banking, investment firms, corporationsPrimarily in banking, lending, and credit sectors

Finance Risk Management and Credit Analysts both require finance-related credentials and work within financial institutions. Risk managers focus on identifying and mitigating overall financial risks, while credit analysts evaluate the creditworthiness of borrowers. Although their roles overlap in financial analysis, their primary focus and responsibilities differ, making each role distinct within the finance industry.

Is risk management in finance a good career?

Risk management in finance is a stable and growing career that involves identifying and mitigating financial risks for organizations. It often requires strong analytical skills, knowledge of financial instruments, and certifications such as FRM or CFA. The role offers opportunities for advancement and can be well-compensated depending on experience and industry sector.

What does risk management in finance do?

Risk management in finance involves identifying, assessing, and mitigating financial risks such as market, credit, and operational risks to protect an organization’s assets and ensure stability. Professionals in this field use tools like risk models, financial analysis, and compliance standards to minimize potential losses and support strategic decision-making.

What are popular job titles related to Finance Risk Management jobs in New Jersey?

For Finance Risk Management jobs in New Jersey, the most frequently searched job titles are:

What job categories do people searching Finance Risk Management jobs in New Jersey look for?

The top searched job categories for Finance Risk Management jobs in New Jersey are:

Infographic showing various Finance Risk Management job openings in New Jersey as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $113,256 per year, or $54.5 per hour.

Entry Level Insurance Risk Consultant

3M HEALTHCARE

Ramsey, NJ • On-site

$75K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired 2 days ago. Applications are no longer accepted.


Job description

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding to their team a Risk Management Consultant to their Insurance Consulting & Risk Advisory team. This role requires a high-impact, client-facing professional capable of leading complex assignments, synthesizing technical detail into strategic insight, and advising senior stakeholders on enterprise and transactional risk issues.

Key Responsibilities

Identify, evaluate, and analyze operational, contractual, and third-party risk exposures arising from client business activities, vendors, service providers, and customers. Strategically manage enterprise-wide insurance and risk program renewals, including broker oversight, coverage optimization, cost reduction initiatives, and market negotiations. Collaborate with and direct external advisors including brokers, underwriters, claims professionals, TPAs, legal counsel, and specialty consultants.

Review contracts, leases, vendor agreements, and licensing arrangements to ensure compliance with established insurance and risk management requirements. Evaluate and negotiate insurance pricing, program structures, deductibles, limits, policy wording, and service agreements; prepare cost-benefit analyses of program alternatives.

Analyze loss data and prepare monthly reserve accruals and reporting for finance, risk, and safety teams. Partner with legal, HR, audit, and claims teams to establish settlement strategies and support complex claims decision-making. Research emerging and best-in-class risk management trends, providing strategic recommendations related to insurance purchasing, program design, loss control, safety, and claims management.

Qualifications & Experience Bachelor's degree in Risk Management, Insurance, or related field Strong analytical and problem-solving skills Internship or coursework related to insurance, risk management, or consulting Professional certifications preferred: ARM, CPCU, CRM, FRM, RF This range represents the estimated low and high end of the salary range for this position. Actual salaries will vary and may be above or below the range based on factors including but not limited to performance, location, and experience.

The range listed is just one component of FRP's total compensation package for employees. Pay Transparency Range: $75,000 - $150,000 USD Disclaimer While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.

Equal Employment Opportunity (EEO) FRP provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.

Benefits

FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company-paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!