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Financial Risk Management Jobs in Virginia (NOW HIRING)

ODEC

Enterprise Risk Manager

Glen Allen, VA · On-site

Minimum of 10 years of risk management, finance, power supply, investment, or derivative trading and/or accounting, relevant experience. * Utility or energy sector experience preferred. * Experience ...

Saint Luke's Hospital of Kansas City

Directs the organization's Risk Management Program and protects the organization's financial assets through proactive processes designed to reduce the probability of adverse events and to reduce the ...

Saint Luke's Hospital System

Directs the organization's Risk Management Program and protects the organization's financial assets through proactive processes designed to reduce the probability of adverse events and to reduce the ...

Capital One

Sr Manager, Risk Management

Richmond, VA · On-site

At least 5 years of experience working in risk management or financial services * At least 4 years of program management experience * At least 4 years of experience supporting, partnering and ...

Capital One

Sr Manager, Risk Management

Mclean, VA · On-site

At least 5 years of experience working in risk management or financial services * At least 4 years of program management experience * At least 4 years of experience supporting, partnering and ...

Capital One

Sr Manager, Risk Management

Mclean, VA · On-site

At least 5 years of experience working in risk management or financial services * At least 4 years of program management experience * At least 4 years of experience supporting, partnering and ...

Capital One

Senior Auditor - Risk Management

Richmond, VA

$80.20K - $98.50K/yr

At least 2 years of experience in auditing one or more of the following areas: banking or financial services industry or risk management Preferred Qualifications: * Master's Degree in Auditing ...

Capital One

Senior Auditor - Risk Management

Mclean, VA · On-site

$81.90K - $100.60K/yr

At least 2 years of experience in auditing one or more of the following areas: banking or financial services industry or risk management Preferred Qualifications: * Master's Degree in Auditing ...

Capital One

Senior Auditor - Risk Management

Mclean, VA · On-site

$81.90K - $100.60K/yr

At least 2 years of experience in auditing one or more of the following areas: banking or financial services industry or risk management Preferred Qualifications: * Master's Degree in Auditing ...

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$51.1K

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$168.5K

How much do financial risk management jobs pay per year?

As of May 29, 2026, the average yearly pay for financial risk management in Virginia is $110,599.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,200.00 and $127,900.00 per year, depending on experience, location, and employer.

What is a Financial Risk Management job?

A Financial Risk Management job involves identifying, assessing, and mitigating risks that could impact a company's financial health. Professionals in this field analyze market trends, credit risks, and operational risks to develop strategies that protect assets and profitability. They use financial modeling, risk assessment tools, and regulatory guidelines to ensure compliance and minimize potential losses. Common roles include risk analysts, credit risk managers, and compliance officers in industries like banking, insurance, and investment firms.

What are the key skills and qualifications needed to thrive in the Financial Risk Management position, and why are they important?

To thrive in Financial Risk Management, you need a strong analytical background, proficiency in financial modeling, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment software, data analytics tools like Excel or SQL, and certifications such as FRM (Financial Risk Manager) or CFA are highly valued. Excellent problem-solving skills, attention to detail, and strong communication abilities help professionals effectively present risks and collaborate with stakeholders. These competencies are crucial for accurately identifying, analyzing, and mitigating financial risks to support an organization's financial health.

What are the typical career advancement opportunities for someone in Financial Risk Management?

Professionals in Financial Risk Management often start as analysts or associates and can progress to roles such as Risk Manager, Senior Risk Analyst, or Director of Risk Management with experience and proven expertise. Career advancement typically involves taking on greater responsibility for complex risk analysis, decision-making, and leading teams or projects. Earning specialized certifications and gaining exposure to different risk disciplines (such as market risk, credit risk, or operational risk) can also accelerate career growth. Many organizations provide opportunities for cross-functional collaboration, which helps develop leadership and strategic planning skills important for moving into executive-level positions.
More about Financial Risk Management jobs
What are the most commonly searched types of Financial Risk Management jobs in Virginia? The most popular types of Financial Risk Management jobs in Virginia are:
What are popular job titles related to Financial Risk Management jobs in Virginia? For Financial Risk Management jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Financial Risk Management jobs in Virginia look for? The top searched job categories for Financial Risk Management jobs in Virginia are:
What cities in Virginia are hiring for Financial Risk Management jobs? Cities in Virginia with the most Financial Risk Management job openings:
Financial Risk Management jobs near you
Infographic showing various Financial Risk Management job openings in Virginia as of May 2026, with employment types broken down into 91% Full Time, 4% Temporary, and 5% Contract. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $110,599 per year, or $53.2 per hour.

Enterprise Risk Manager

ODEC

Glen Allen, VA • On-site

Full-time

Posted 7 days ago

Job description

Purpose of Job
The Enterprise Risk Manager is responsible for identifying, evaluating, and mitigating operational and financial risks across the organization, with a primary focus on energy trading and market risk activities. This role oversees trading agreement risk, counterparty credit risk, and trading control risk through the use and oversight of services provided by a trading and risk management company.
This position ensures compliance with ODEC's Energy Risk Management Policy (ERMP) and Energy Risk Management Standards and Procedures (ERMS&P), while supporting broader enterprise risk initiatives across the Finance function. This role assists in organizing and facilitating the Risk Management Committee (RMC) and provides risk insights, analysis, and recommendations to support informed decision-making and organizational risk mitigation.
Essential Responsibilities
Risk Management Operations Functions
  • Monitor and manage risk exposures related to power and natural gas operations, including PJM/RTO activities, collateral adequacy, and market activity.
  • Track natural gas hedging activity and evaluate key market drivers impacting margin settlements.
  • Review collateral thresholds and respond to potential margin calls in coordination with the services provided by a trading and risk management company.
  • Evaluate and monitor counterparty credit risk, including financial health, credit exposure, and compliance with established credit controls.
  • Support credit risk mitigation strategies, including guarantees, prepayments, and letters of credit.
  • Ensure compliance with trading controls, transaction authority limits, and proper trade capture and reporting.
  • Evaluate and escalate or recommend actions on trading activities, credit exposures, and risk limit exceptions.
  • Participate in risk management activities associated with the services provided by a trading and risk management company and PJM.
  • Prepare, review, and present risk management reports and analyses to leadership and the RMC.
  • Monitor compliance with regulatory requirements, including CFTC Dodd-Frank rules.
  • Support and administer enterprise risk assessments.
  • Performs other duties as assigned.

Risk Compliance
  • Maintain and update SOX-related risk processes and documentation.
  • Review SOC 1 Type II reports for services provided by a trading and risk management company and other key partners.
  • Ensure appropriate internal controls are documented and functioning.
  • Communicate with counterparties concerning "Know Your Customer" and other risk-related questions and initiatives.

Insurance Program Support
  • Develop working knowledge of ODEC's property and liability insurance programs.
  • Assist with maintaining insurance programs.

Additional Responsibilities
  • Collaborate with Treasury on credit exposure and financial risk considerations.
  • Provide general support to the Finance Department initiatives.
  • Participate in company committees and cross-functional initiatives.
  • Lead or contribute to cross-functional efforts.

Work Experience
  • Minimum of 10 years of risk management, finance, power supply, investment, or derivative trading and/or accounting, relevant experience.
  • Utility or energy sector experience preferred.
  • Experience with external service providers supporting energy trading, market operations, or risk management preferred.

Critical Knowledge, Skills, and Abilities
  • Energy trading agreements (ISDA, NAESB, EEI).
  • Energy risk management practices.
  • Energy trading products.
  • Financial and commodities markets.
  • Advanced Excel and Microsoft 365 proficiency.
  • Strong analytical and problem-solving skills.
  • Effective communication and collaboration skills.
  • Ability to interpret complex data.
  • Self-starter with a continuous improvement mindset.
  • Ability to influence without authority.

Preferred Knowledge, Skills, and Abilities
  • PJM market familiarity.
  • SOX and Dodd-Frank knowledge.
  • Risk governance experience.
  • ETRM systems experience.

Education
  • Bachelor's degree in Accounting, Finance, Economics, Business, Risk Management, or a relevant degree.
  • Equivalent experience may be considered.

Travel Details
Occasional travel required (less than 10%).
Working Conditions and Physical Demands
This position operates in a professional office environment and involves routine use of standard office equipment, including computers, phones, and other technology. This role requires the ability to perform general office activities such as sitting for extended periods, working at a computer, and communicating effectively with internal and external stakeholders. Travel for this position is minimal and expected to be less than 10%, consisting of occasional meetings or visits to company facilities. Requires focus on analytical tasks.
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.

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