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Financial Risk Manager Jobs in Cumberland Center, ME

Bowdoin College

Procurement & Risk Manager

Brunswick, ME · On-site

$124K - $140K/yr

This role serves as a key advisor to the Senior Vice President for Finance and Administration ... Coordinate and conduct campus-wide risk management training sessions, guidelines, and procedures ...

WEX

Risk Operations Program Manager

Portland, ME · On-site

About Team / Role As a Global Risk Operations Program Manager, you will be the strategic engine ... This is a high-visibility role where your ability to navigate a complex global financial ecosystem ...

eNett

Risk Operations Program Manager

Portland, ME · On-site

About Team / Role As a Global Risk Operations Program Manager, you will be the strategic engine ... This is a high-visibility role where your ability to navigate a complex global financial ecosystem ...

WEX, Inc.

Risk Operations Program Manager

Portland, ME · On-site

About Team / Role As a Global Risk Operations Program Manager, you will be the strategic engine ... This is a high-visibility role where your ability to navigate a complex global financial ecosystem ...

Td

2027 Summer Internship Program - Risk

Portland, ME · On-site

$30/hr

FinancialRisk Management * Financial Crime Risk Management * Market & Liquidity Risk Management * Non-Financial Risk Management * Office of the Chief Risk Officer * Regulatory Relationships

New

Chadwick-BaRoss

Financial Controller

Westbrook, ME · On-site

$120K - $144K/yr

Manage and improve the month-end close process, including journal entries, reconciliations, and ... Monitor AR aging and vendor relationships, resolving discrepancies and minimizing financial risk

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Financial Risk Manager information

See Cumberland Center, ME salary details

$52.5K

$113.8K

$173.4K

How much do financial risk manager jobs pay per year?

As of Sep 3, 2026, the average yearly pay for financial risk manager in Cumberland Center, ME is $113,759.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,800.00 and $131,500.00 per year, depending on experience, location, and employer.

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 the key skills and qualifications needed to thrive as a financial risk manager?

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 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.

Do financial risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual pay often exceeds $100,000, with senior roles and certifications like FRM or CFA increasing earning potential. They also benefit from bonuses and other incentives based on performance and risk management success.

Is it hard to become a financial risk manager?

Becoming a financial risk manager typically requires a strong background in finance, economics, or related fields, along with relevant certifications such as the FRM or CFA. The role involves developing analytical skills, understanding financial models, and often gaining experience in risk analysis or financial analysis, which can take several years of education and work experience to achieve.

Is risk management in finance a good career?

A career as a financial risk manager involves analyzing and mitigating financial risks for organizations, often requiring strong analytical skills, knowledge of financial instruments, and certifications like FRM or CFA. It offers opportunities in banking, investment firms, and corporations, with a focus on quantitative analysis and regulatory compliance. The role can be rewarding for those interested in finance and risk assessment, with a stable job outlook and competitive salary potential.

What job categories do people searching Financial Risk Manager jobs in Cumberland Center, ME look for?

The top searched job categories for Financial Risk Manager jobs in Cumberland Center, ME are:

Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Cumberland Center, ME as of June 2026, with employment types broken down into 2% As Needed, 68% Full Time, 25% Part Time, and 5% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $113,759 per year, or $54.7 per hour.

Procurement & Risk Manager

Bowdoin College

Brunswick, ME • On-site

$124K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago

Job description

Posting Details
Posting Details
Title
Procurement & Risk Manager
Posting Number
S01594JP
Department
Treasurers Office
Job Summary
The Procurement & Risk Manager is responsible for managing the College's property and casualty insurance programs to protect Bowdoin from operating and financial risks, and for providing strategic direction and implementing programs and processes related to College-wide procurement of goods and services. This role serves as a key advisor to the Senior Vice President for Finance and Administration, partnering across the institution to strengthen risk controls, improve purchasing practices, and support efficient, compliant operations. The position coordinates with internal stakeholders and external partners-including brokers, insurers, vendors, and counsel-to deliver measurable value, manage exposure, and enhance service levels.
ESSENTIAL FUNCTIONS:
  • Oversee the annual applications for insurance and renewal applications, conduct analysis to identify major causes and sources of risk losses and develop recommendations for strategic actions.
  • Provide assistance and support to Student Affairs regarding the procurement of student health insurance, sports/clubs/intermural insurance, and student health claims administration.
  • Establish bidding processes for potential vendors and negotiate prices and discounts, maintain relationships with vendors, provide estimates, and evaluate vendor credit history to ensure financial viability.
  • Oversee the coordination of providing information to claimants, College representatives, adjusters, attorneys and insurance companies.
  • Coordinate and conduct campus-wide risk management training sessions, guidelines, and procedures for all employees.
  • Collaborate with General Counsel to ensure that all legal contract requirements are met.

The hiring range for this position is expected to be: $124,000 - $140,000 annually.
BENEFITS AND PERKS
  • A variety of health insurance plans (Medical, Vision, Dental)
  • Generous Retirement Plan - 401(a) and 403(b)
  • Life and Disability Insurance
  • Paid Time Off: 20 days of vacation per calendar year, 12 days of personal/sick time
  • Paid Holidays and Special Days Off: https://www.bowdoin.edu/hr/our-workplace/college-holidays-and-special-days-off.html
  • Paid Parental Leave (Available after one year of service)
  • Household access to many of the College's facilities including the gym and pool
  • Free fitness and wellness classes!
  • And more: https://www.bowdoin.edu/hr/benefits-perks/index.html

Education/Skills Requirements
Bachelor's degree in Business Administration, Risk Management, or related field required. Insurance certification preferred.
Must have the ability to:
  • Analyze claims and exposure data to identify loss drivers, assess risk trends, and develop practical risk mitigation recommendations.
  • Create and manage insurance budgets and producing cost-of-risk reporting (premiums, retained losses, outside services, and related expenses).
  • Interpret technical documents or regulations and then determine applicability and steps associated with achieving compliance
  • Negotiate pricing, discounts, and contract terms with suppliers and service providers, while balancing service, value, and risk controls.
  • Provide insight, guidance, advice, and leadership necessary to ensure safety of the campus and its students, faculty, and staff.
  • Work independently and be self-motivated.

Experience Requirements and/or Equivalents
5 to 7 years experience directly related to the duties and responsibilities of the position; 7+ years preferred. Experience working in an education setting also preferred.
  • Knowledge of claims administration and coordination practices, including effective communication with claimants, adjusters, insurers, attorneys, and internal stakeholders.
  • Skilled in vendor due diligence, including assessing vendor financial stability/credit risk and documenting risk-based recommendations.

Applicants must meet the minimum qualifications in this posting to be considered for hire.
Standard Work Days and Hours
Standard administrative hours are 8:30am - 5:00pm. This is a full-time position working 40 hours/52 weeks, (1.00 FTE). Exempt positions require the time commitment necessary to complete the essential duties of the position.
We regret that Bowdoin College is unable to provide visa sponsorship for staff positions.
Employment at Bowdoin College is contingent upon satisfactory completion of applicable background checks including but not limited to: criminal records, educational verifications, driving records (when job-related), and/or credit history (when job related).
About Bowdoin
Bowdoin embraces diversity in all forms, and the College is home to talented students, faculty and staff-with a variety of racial, ethnic, cultural, and socioeconomic backgrounds; religious beliefs; and gender identities, among other factors.
We encourage applications from candidates committed to the support of an inclusive campus community and those who will enrich and contribute to the College's multifaceted diversity. We value a community in which individuals of all backgrounds are warmly welcomed and encouraged to succeed.
Founded in 1794, Bowdoin has maintained its commitment to the liberal arts for well over 200 years. Bowdoin's reputation as a preeminent liberal arts college rests on the excellence of its faculty, students, and staff; intimate size; strong sense of community; and connections to the people, history, and natural beauty of Maine.
Bowdoin's campus is situated in a beautiful natural setting. Located in Brunswick, Maine, a town of approximately 20,000, the College is a short drive from the Maine coast, twenty-five miles from Portland and 120 miles from Boston.
Shift
Employment Category
Full Time Year Round
FTE
1.00
Benefits Eligible
Yes
Pay Type
Salaried
Background Check Package Requirements
Administrative Staff + Credit
Is driving a vehicle (e.g. Bowdoin vehicle or off road vehicle, rental car, personal car) an essential function of this job?
No
Is a pre-placement physical required for this position?
No
Posting Date
08/28/2026
Applications Accepted Until
Open Until Filled
No
Type of Posting
Internal/External
Special Instructions to Applicants
If selected as a finalist, you will be required to submit information for three references, including name, email address, phone number and how you know the reference.
EEO Information
Bowdoin College complies with applicable provisions of federal and state laws that prohibit unlawful discrimination in employment, admission, or access to its educational or extracurricular programs, activities, or facilities based on race, color, ethnicity, ancestry and national origin, religion, sex, sexual orientation, gender identity and/or expression, age, marital status, place of birth, genetic predisposition, veteran status, or against qualified individuals with physical or mental disabilities on the basis of disability, or any other legally protected statuses.

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