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Financial Risk Manager Jobs in Birmingham, AL (NOW HIRING)

Huntington

Cybersecurity Risk Manager

Hoover, AL · On-site +1

$70K - $140K/yr

... within financial services industry * 3+ years' experience in cybersecurity with a focus on security operations, data loss prevention, and encryption * 3+ years' experience in risk management ...

Huntington

Cybersecurity Risk Manager

Hoover, AL · On-site +1

$70K - $140K/yr

... within financial services industry * 3+ years' experience in cybersecurity with a focus on security operations, data loss prevention, and encryption * 3+ years' experience in risk management ...

Wood Plc

Senior Risk Assessor

Birmingham, AL · On-site +1

Manage tasks of larger projects and track budgets * Under guidance of Project Manager or senior ... Ensure that Wood administrative and financial policies and procedures as well as the methods and ...

PNC Bank

LOB Risk Lead

Birmingham, AL

The position partners closely with Technology, Information Security, Operational Risk, Audit, Compliance, Finance, and Enterprise Risk Management teams to develop and mature technology risk ...

Ryan Specialty

Catastrophe Risk Analyst

Birmingham, AL

$72K - $90K/yr

Bachelor's degree in Risk Management, Mathematics, Statistics, Finance, Actuarial Science, Economics, or related quantitative field with 2 years of related experience; or equivalent work experience.

Ryan Specialty

Catastrophe Risk Analyst

Birmingham, AL

$72K - $90K/yr

Bachelor's degree in Risk Management, Mathematics, Statistics, Finance, Actuarial Science, Economics, or related quantitative field with 2 years of related experience; or equivalent work experience.

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Financial Risk Manager information

See Birmingham, AL salary details

$48.3K

$104.5K

$159.3K

How much do financial risk manager jobs pay per year?

As of Jul 31, 2026, the average yearly pay for financial risk manager in Birmingham, AL is $104,549.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,300.00 and $120,900.00 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.

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 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.
What are popular job titles related to Financial Risk Manager jobs in Birmingham, AL? For Financial Risk Manager jobs in Birmingham, AL, the most frequently searched job titles are:
What job categories do people searching Financial Risk Manager jobs in Birmingham, AL look for? The top searched job categories for Financial Risk Manager jobs in Birmingham, AL are:
Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Birmingham, AL as of July 2026, with employment types broken down into 96% Full Time, and 4% Temporary. Highlights an 62% In-person, 19% Hybrid, and 19% Remote job distribution, with an average salary of $104,549 per year, or $50.3 per hour.

Enterprise Risk Testing Analyst - Consumer

Regions Financial Corporation

Birmingham, AL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Regions Bank rating

8.1

Company rating: 8.1 out of 10

Based on 157 frontline employees who took The Breakroom Quiz

64th of 170 rated banks

Job description

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Enterprise Risk Testing Analyst is a second line of defense risk management function that ensures the development and maintenance of a strong risk culture by developing and maintaining a program infrastructure that measures, monitors, and reports compliance with applicable laws, regulations and rules that govern a specific line of business and/or adherence to policies and procedures to ensure controls established are operationally effective to mitigate risk. Associates at this level should have full ownership of one or more processes, reports, procedures, or products, and are considered analytical or procedural experts within a specific line of business, risk area, or program.
Primary Responsibilities
  • Serves as subject matter expert in compliance and operational risk to effectively execute testing activities
  • Maintains advanced knowledge of rules and regulations and their impact on products, services, and operations for a specific line of business or program
  • Maintains advanced knowledge of Regions products and services, as well as systems supporting them, to evaluate if the products/services and systems are performing as designed to meet regulatory requirements and are operating effectively
  • Maintains advanced knowledge and understanding of risk management concepts around risks and controls and key operational processes
  • Assists with the administration of a monitoring and testing program to report on effectiveness of controls against expected outcomes to meet all applicable laws and regulations or operational processes
  • Focuses on the resolution of complex problems or transactions, where expertise is required to interpret the results against policies, guidelines, or processes
  • Conducts transaction testing activities, analyzes results and documents findings
  • Drafts summary of testing results for distribution to key stakeholders
  • Collaborates with key stakeholders in executing the testing program
  • Supervises day-to-day work of other professional level risk testing associates on occasion
  • Assists in oversight activities for the team as needed
  • Performs and participates in various projects as needed
  • Identifies and implements automated testing and data analytics activities

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
  • Bachelor's degree and five (5) years of experience in Compliance, Operational Risk, Quality Assurance/Control, Audit, or other related risk function specific to a line of business or program
  • Or High School Diploma and nine (9) years of experience in Compliance, Operational Risk, Quality Assurance/Control, Audit, or other related risk function specific to a line of business or program

Preferences
  • Relevant certifications and/or licenses, such as:
  • Certified Regulatory Compliance Manager (CRCM)
  • Certified Anti Money Laundering Specialist (CAMS)
  • Certified Information Security Auditor (CISA)
  • Financial Risk Manager (FRM)
  • Financial Industry Regulatory Authority (FINRA) Licenses

Skills and Competencies
  • Ability to mentor and train junior associates
  • Ability to research, analyze data, and derive facts
  • Ability to work in a team environment when applicable
  • Ability to work independently, with limited guidance
  • Ability to work under pressure and meet deadlines
  • Demonstrated leadership capabilities
  • Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
  • Strong verbal, written communication, and organizational skills
  • Strong work ethic and self-motivation

Position Type
Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$72,864.55 USD
Median:
$103,810.00 USD
Incentive Pay Plans:
This job may participate in an annual discretionary bonus plan.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
  • Paid Vacation/Sick Time
  • 401K with Company Match
  • Medical, Dental and Vision Benefits
  • Disability Benefits
  • Health Savings Account
  • Flexible Spending Account
  • Life Insurance
  • Parental Leave
  • Employee Assistance Program
  • Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details
Regions Center
Location:
Birmingham, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.

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