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Financial Risk Manager Jobs in New York (NOW HIRING)

Windcave

Enterprise Risk Manager

Manhattan, NY · On-site

We support a wide range of industries, including retail, finance, hospitality, and more, with ... About the role At Windcave Limited, we are seeking an experienced Risk Manager to join our team in ...

Worthland

Lead Risk Manager, Payment Fraud

New York, NY · Hybrid

$150K - $180K/yr

Lead Risk Manager, Payment Fraud Toronto Onsite | Full-Time | Hybrid after onboarding | Reports to ... Key Responsibilities • Define the rules, don't just follow them -- Lead end-to-end financial risk ...

ING Group

Analyst, Market Risk Manager

New York, NY · Hybrid

$79K - $100K/yr

Risk | Financial Risk - TRM | Analyst, Market Risk Manager | New York About ING : In the Americas, ING's Wholesale Banking division offers a broad range of innovative financial products and services ...

ING Group

Analyst, Market Risk Manager

New York, NY · On-site

$79K - $100K/yr

Risk | Financial Risk - TRM | Analyst, Market Risk Manager | New York About ING : In the Americas, ING's Wholesale Banking division offers a broad range of innovative financial products and services ...

Jump Trading

Risk Manager | Equities

New York, NY

... global financial markets. Our culture is unique. Constant innovation requires fearlessness ... As a Risk Manager, you will be part of Jump Trading's Global Risk Management team. The department ...

Emergent365

Risk Management Specialist

Edison, NJ · Hybrid

Financial firm is seeking an experienced risk professional to join their brokerage business. Will ... They integrate risk management into strategic and change management initiatives, ensuring alignment ...

Endeavor Health

Clinical Risk Manager

Flushing, NY

$42.54 - $65.94/hr

The Clinical Risk Manager is responsible for the review, investigation and prioritization of ... Registered Nurse (RN) - Illinois Department of Financial and Professional Regulation (IDFPR ...

Jump Trading

Risk Manager | Equities

New York, NY · On-site

$150K - $200K/yr

... global financial markets. Our culture is unique. Constant innovation requires fearlessness ... As a Risk Manager, you will be part of Jump Trading's Global Risk Management team. The department ...

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Financial Risk Manager information

See New York salary details

$56.3K

$122K

$186K

How much do financial risk manager jobs pay per year?

As of Jun 12, 2026, the average yearly pay for financial risk manager in New York is $122,046.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,500.00 and $141,100.00 per year, depending on experience, location, and employer.

What are some common challenges Financial Risk Managers face when working with cross-functional teams?

Financial Risk Managers often collaborate with departments such as treasury, compliance, and IT to identify and mitigate risks. One common challenge is aligning risk management strategies with diverse departmental goals, which may sometimes conflict with each other. Effective communication and negotiation skills are essential to ensure all stakeholders understand the risk implications of their decisions. Additionally, adapting to rapidly changing regulations and market conditions can create pressure to quickly update risk models and processes.

What is the difference between Financial Risk Manager vs Credit Analyst?

AspectFinancial Risk ManagerCredit Analyst
CertificationsFRM, CFAFitch, CFA
Work EnvironmentFinancial institutions, banks, investment firmsBanks, lending institutions, credit agencies
Primary FocusAssessing and managing overall financial risksEvaluating creditworthiness of borrowers
Industry UsageRisk management departments, trading floorsLoan departments, credit risk units

While both roles involve financial analysis, a Financial Risk Manager focuses on identifying and mitigating broad financial risks across an organization, often requiring advanced certifications like FRM or CFA. A Credit Analyst specializes in assessing individual borrowers' creditworthiness to inform lending decisions. Both roles are vital in financial institutions but serve different strategic purposes.

How much does a risk manager get paid?

A financial risk manager's salary varies based on experience, location, and industry, but typically ranges from $80,000 to $150,000 annually. Senior risk managers or those with specialized certifications like FRM or CFA can earn higher salaries, especially in large financial institutions or major financial centers.

What are the key skills and qualifications needed to thrive as a Financial Risk Manager, and why are they important?

To thrive as a Financial Risk Manager, you need a strong background in finance, quantitative analysis, and risk assessment, typically supported by a relevant degree and certifications like FRM or CFA. Expertise in risk modeling software, statistical tools such as SAS or R, and financial reporting systems is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are crucial for accurately identifying, assessing, and mitigating financial risks to protect organizational assets and ensure regulatory compliance.

What does a finance risk manager do?

A financial risk manager identifies, analyzes, and mitigates potential financial risks that could impact an organization, such as market, credit, or operational risks. They use tools like risk assessment models and financial analysis to develop strategies that protect the company's assets and ensure regulatory compliance. Strong analytical skills, knowledge of financial markets, and relevant certifications like FRM or CFA are often required.

What is the salary of risk manager?

The salary of a Financial Risk Manager at JP Morgan typically ranges from $90,000 to $150,000 annually, depending on experience, location, and certifications such as FRM or CFA. Senior risk managers or those in high-cost areas may earn higher compensation, including bonuses and benefits.

What does a Financial Risk Manager do?

A Financial Risk Manager (FRM) is responsible for identifying, analyzing, and mitigating financial risks within an organization. Their work involves assessing threats related to credit, market, operational, and liquidity risk, and developing strategies to minimize potential losses. FRMs use quantitative analysis, financial modeling, and risk assessment tools to advise decision-makers on risk exposures. They play a vital role in ensuring that a company remains compliant with financial regulations and maintains financial stability.

Do risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by experience, location, and industry. According to industry reports, median annual salaries range from $80,000 to over $150,000, with senior roles and certifications like FRM or CFA often commanding higher pay. Risk management skills in data analysis and financial modeling are highly valued in this field.
What are popular job titles related to Financial Risk Manager jobs in New York? For Financial Risk Manager jobs in New York, the most frequently searched job titles are:
What job categories do people searching Financial Risk Manager jobs in New York look for? The top searched job categories for Financial Risk Manager jobs in New York are:
What cities in New York are hiring for Financial Risk Manager jobs? Cities in New York with the most Financial Risk Manager job openings:
Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in New York as of June 2026, with employment types broken down into 1% As Needed, 78% Full Time, 18% Part Time, 2% Temporary, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $122,046 per year, or $58.7 per hour.

Risk Manager, Credit

Millennium Management LLC

New York, NY • On-site

Full-time

Posted 21 days ago

Millennium Management rating

7.7

Company rating: 7.7 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

Job description

Risk Manager, Credit
The Firm seeks a Risk Manager to join its Credit Risk Management team in New York. The successful candidate will oversee the independent risk management of credit portfolios across corporate bonds, loans, credit derivatives, and structured credit in the United States, Europe, and Asia.
Primary responsibilities include:
  • Own independent risk oversight: Oversee global credit portfolios, with a clear view of exposures across credit spread, default, recovery, curve, basis, convexity, embedded optionality, ratings migration, financing, liquidity, and correlation.
  • Analyze P&L and risk: Analyze risk drivers, P&L attribution, hedging efficiency, scenario behavior, and tail outcomes for portfolios trading corporate bonds (investment grade and high-yield), leveraged loans, credit indices (CDX, iTraxx), single-name CDS, tranches, and structured products such as CLOs and non-agency MBS.
  • Develop and oversee risk guidelines: Establish guidelines for portfolio construction, concentration, liquidity, gap risk, financing, and drawdown. Ensure mandates are defined, scalable, and consistently observed.
  • Review trade and portfolio construction: Review positions with close attention to bond and loan terms, covenants, capital structure, seniority and security, structural protections, embedded optionality (calls, puts, prepayment and extension risk), CDS documentation, index and tranche construction, financing and margin assumptions, and event risk (ratings actions, refinancings, restructurings, and defaults). Assess both directional and relative-value risk, including basis and capital-structure trades.
  • Review portfolio risk: Work closely with portfolio managers to assess positions where risk may be mispriced, crowded, imperfectly hedged, or less aligned with mandate, liquidity, or market regime, with particular focus on default and downgrade risk, complex structures, and crowded credit themes.
  • Evaluate portfolio manager candidates: Assess prospective Portfolio Manager candidates by testing the strength of their process, risk discipline, hedging approach, portfolio construction, and historical returns.
  • Improve risk infrastructure: Enhance the Firm's models, systems, and reporting for credit risk. Work with quantitative researchers and technologists to improve valuation, stress testing, exposure decomposition, default and loss modeling, and real-time reporting.
  • Communicate with precision: Present key exposures, stress results, and changes in market structure clearly to senior leadership and investment teams.
  • Monitor global market developments: Track primary and secondary market activity, issuance trends, liquidity, market structure, rating migration, default cycles, and regional differences in the U.S., Europe, and Asia that may affect risk-taking and portfolio construction.

Required Qualifications & Skills
Experience
  • At least eight years of experience in risk management, trading, structuring, or desk strategy, with significant exposure to traded credit products and credit relative-value strategies.
  • Deep knowledge of traded credit instruments and their key risk drivers, including credit spread and default risk, recovery assumptions, term structure and curve risk, basis and correlation, volatility and optionality (calls, puts, prepayments, extensions), financing, and liquidity.
  • Strong understanding of how corporate bonds, loans, credit indices (CDX, iTraxx), single-name CDS, tranches, and structured products (including CLOs and non-agency MBS) interact with related instruments such as rates, FX, equities, and index options, as well as capital-structure and basis hedges.
  • Demonstrated ability to oversee day-to-day portfolio risk while leading complex strategic projects.
  • Experience in trading, structuring, or portfolio construction is highly desirable, though this is a dedicated risk management role.
  • Experience across U.S., European, and Asian credit markets is strongly preferred.

Skills & Knowledge
  • Quantitative and programming skills: Strong quantitative and programming skills, including Python and SQL, for data analysis, model development, and automation.
  • Valuation and risk modeling: Strong understanding of derivative pricing, asset pricing, financial econometrics, and risk techniques relevant to credit products, including spread and default modeling, recovery and loss-given-default modeling, correlation and tranche modeling, and liquidity and gap-risk analysis.
  • Market judgment: Sound judgment in assessing portfolio risk under normal and stressed conditions, including gap risk, short squeezes, credit events, volatility shocks, and liquidity deterioration.
  • Communication: Excellent written and verbal communication skills, with the ability to build effective relationships with portfolio managers, traders, quantitative researchers, and senior stakeholders.

Education
  • A degree in a quantitative discipline, such as Finance, Economics, Engineering, Mathematics, or Computer Science.
  • A graduate degree is strongly preferred

The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

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