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Financial Risk Manager Jobs in Indianapolis, IN (NOW HIRING)

KINETIC ADVANTAGE LLC

Risk Manager

Indianapolis, IN · On-site

The Risk Manager determines a customer's appropriate level of risk and opportunity based on the ... Ability to read and understand basic financial statements * Proficient with Microsoft Office Suite ...

Kinetic Advantage LLC

Risk Manager

Indianapolis, IN · On-site

The Risk Manager determines a customer's appropriate level of risk and opportunity based on the ... Ability to read and understand basic financial statements * Proficient with Microsoft Office Suite ...

KINETIC ADVANTAGE LLC

Risk Manager

Indianapolis, IN

The Risk Manager determines a customer's appropriate level of risk and opportunity based on the ... Ability to read and understand basic financial statements * Proficient with Microsoft Office Suite ...

Crowe LLP

Third Party Risk Manager

Indianapolis, IN

Manager - Third Party Risk The position will be primarily responsible for managing and leading ... Financial Services * Pharmaceutical * Life Sciences * Biotechnology * Healthcare * Manufacturing

PNC Bank

LOB Risk Mgr II

Indianapolis, IN

$123K - $228K/yr

As a Line of Business Risk Manager II within PNC's Private Banking organization, you will be based ... Financial Services Work Experience Roles at this level typically require a university / college ...

Crowe LLP

Third Party Risk Manager

Indianapolis, IN

Manager - Third Party Risk The position will be primarily responsible for managing and leading the ... Financial Services * Technology, Media and Telecommunications Basic Qualifications * Bachelor ...

ACG Cares

Chief Financial Officer

Indianapolis, IN · On-site

$150 - $200/hr

The CFO provides strategic leadership over accounting, treasury, budgeting, forecasting, rate and regulatory finance, risk management, and financial reporting. The CFO ensures financial decisions ...

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Financial Risk Manager information

See Indianapolis, IN salary details

$49.2K

$106.6K

$162.5K

How much do financial risk manager jobs pay per year?

As of Jul 29, 2026, the average yearly pay for financial risk manager in Indianapolis, IN is $106,633.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,000.00 and $123,300.00 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 Indianapolis, IN? For Financial Risk Manager jobs in Indianapolis, IN, the most frequently searched job titles are:
What job categories do people searching Financial Risk Manager jobs in Indianapolis, IN look for? The top searched job categories for Financial Risk Manager jobs in Indianapolis, IN are:
What cities near Indianapolis, IN are hiring for Financial Risk Manager jobs? Cities near Indianapolis, IN with the most Financial Risk Manager job openings:
Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Indianapolis, IN as of July 2026, with employment types broken down into 1% As Needed, 79% Full Time, 17% Part Time, and 3% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $106,633 per year, or $51.3 per hour.

Global Risk Manager

Allison Transmission

Indianapolis, IN • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted yesterday

Allison Transmission rating

9.1

Company rating: 9.1 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

19th of 486 rated machine equipment manufacturers

Job description

JOIN THE TEAM THAT'S POWERING PROGRESS
Building cities. Driving commerce. Fueling Progress. For over 100 years, Allison has powered the vehicles and technology that move our world forward.
What powers us? Our employees. From the first person hired by James Allison in 1915 to the thousands across the globe who work for Allison today, we're driving progress everywhere because we employ top talent worldwide. In both the Allison Transmission and Allison Off-Highway Drive and Motion Systems business units, our team strives to Improve the Way the World Works.
Learn more about this role and how you can begin driving your career forward!
Benefits:
The below list features some of the benefits currently available. Eligibility may be subject to the terms and conditions of governing documents and available benefits may be subject to change at the company's discretion.
  • Choice of medical plans with prescription coverage
  • Employer HSA contribution
  • Dental & Vision Insurance
  • Paid Parental Leave
  • Short & Long-Term Disability
  • Other voluntary benefits including: Critical Illness, Hospital Indemnity, Identity Theft Protection and Pet Insurance
  • 401K with generous Company match & contribution
  • Accrued Paid Time Off
  • 12 Paid Holidays + 1 Floating Holiday
  • Robust employee wellness program
  • Tuition assistance program

Job Description:
The Risk Manager, Global Insurance is responsible for managing the company's global insurance portfolio, including risk identification, assessment, financing, and mitigation strategies. The role ensures the company maintains a comprehensive, cost-effective global insurance program aligned with corporate objectives, regulatory requirements, and evolving risk exposures. The position partners closely with Legal, Operations, EHS, Facilities, Finance, HR, procurement, sales, and external brokers/insurers. This highly visible role requires strong analytical capabilities, attention to detail, and the ability to communicate complex risk concepts to senior leadership clearly and effectively.
Key Responsibilities:
  • Lead the design, placement, renewal, and ongoing administration of the global insurance program, including property, casualty, auto, general liability, product liability, D&O, cyber risk, workers' compensation, and specialty programs.
  • Partner with internal stakeholders and external brokers to evaluate corporate risk exposures, develop risk financing strategies, and ensure adequate coverage terms and limits across all global operations.
  • Manage all claims activities, including directing third-party administrators, coordinating internal fact-gathering, and reporting claims trends and losses to leadership.
  • Support enterprise risk management (ERM) by contributing insights on insurable risks, loss prevention initiatives, and risk mitigation strategies.
  • Collect and validate underwriting data, financial information, asset values, operational details, and documentation required for global insurance renewals.
  • Analyze exposure data, premiums, loss history, and benchmarking to identify trends and recommend improvements.
  • Develop presentations for senior management, Treasury leadership, and the Board regarding insurance updates, renewals, claims activity, and risk profile trends.
  • Maintain relationships with insurance carriers, brokers, consultants, and other external risk partners.
  • Ensure accurate budgeting, accruals, and forecasting for insurance costs across the global portfolio.
  • Serve as internal subject matter expert on insurance-related issues, providing guidance to business partners worldwide.
  • Support audits, regulatory reviews, and compliance obligations related to risk, insurance, and claims.
  • Perform ad-hoc risk assessments, scenario modeling, and special projects as required.

Key Performance Measures:
  • Effectiveness and cost-efficiency of global insurance placement and program structure
  • Claims management cycle time, quality, and financial outcomes
  • Accuracy of forecasting, budgeting, and renewal data submissions
  • Internal stakeholder satisfaction and responsiveness
  • Quality of analysis, reporting, and insight provided to senior leadership and the Board

Competencies and Behaviors:
  • High ethical standards with strong judgment and the ability to handle sensitive information confidentially
  • Strong organizational and planning abilities, with exceptional attention to detail
  • Ability to manage multiple priorities in a fast-paced environment
  • Intellectual curiosity with strong analytical and problem-solving skills
  • Ability to communicate complex concepts clearly to diverse stakeholders, including executive leadership
  • Professional demeanor with strong relationship-building skills across functions and geographies

Qualifications:
  • Bachelor's degree in Finance, Risk Management, Business, Accounting, or related field
  • 5+ years of relevant experience in corporate risk management, insurance brokerage, or insurance underwriting
  • Strong understanding of global insurance markets, risk financing concepts, and claims processes
  • Advanced proficiency with Microsoft Office (Excel, PowerPoint, CoPilot) for analysis and presentations
  • Exceptional written and verbal communication skills
  • Ability to travel to global sites

Experience:
  • Demonstrated experience managing or supporting complex corporate insurance programs
  • Experience with data analysis, loss modeling, and large-scale risk assessments
  • Proven ability to collaborate cross-functionally and influence without authority
  • Familiarity with Treasury, Legal, EHS, and operational risk environments

Scope Factors:
  • Works cross-functionally with internal and external stakeholders across global operations
  • Handles complex analytical work requiring strong technical skills and business judgment
  • Influences significant corporate spending related to insurance premiums and retained risk
  • Supports oversight of companywide insurable risk exposure
  • Single contributor role who influences executives across the business and manages relationships with insurance brokers and carriers

Travel or Physical Demands:
  • Up to 25% domestic and global

Allison Transmission is an equal opportunity employer. We have opportunities for all qualified applicants regardless of age, race, color, sex, religion, creed, national origin, disability, sexual orientation, gender identity/expression or veteran status.
If you are an individual with a disability or a disabled veteran requiring assistance and/or reasonable accommodations reviewing any of the careers information, please contact us at ati+ask4max@service-now.com.
Please note that Allison Transmission will make an offer of employment only to individuals who have applied for a position using our official application. Be on alert for possible fraudulent offers of employment. Allison Transmission will not solicit money or banking information from applicants.

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