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Financial Risk Manager Jobs in Memphis, TN (NOW HIRING)

Enterprise risk management and insurance * Contract and legal oversight * Credit and financial risk * Executive leadership and partnership with ownership Candidates may come from corporate finance ...

Director of Finance

Bartlett, TN ยท On-site

$145K - $155K/yr

This position will also include financial risk management. ESSENTIAL FUNCTIONS Reasonable Accommodations Statement To accomplish this job successfully, an individual must be able to perform, with or ...

New

Surveillance Risk & Trends Manager

Memphis, TN

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... Management. * Provide strategic, risk-based recommendations to senior leadership by leveraging ... Financial Industry Regulatory Authority (FINRA); and state securities regulatory agencies; and/or ...

This role partners with business units, risk management, compliance, legal, and other functions to ... Evaluate third-party controls across key risk domains. (e.g., information security, financial ...

Third Party Risk Officer

Memphis, TN ยท On-site

$120 - $180/hr

This role partners with business units, risk management, compliance, legal, and other functions to ... Evaluate third-party controls across key risk domains (e.g., information security, financial health ...

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Financial Risk Manager information

See Memphis, TN salary details

$46K

$99.6K

$151.7K

How much do financial risk manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for financial risk manager in Memphis, TN is $99,570.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,300.00 and $115,100.00 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 are popular job titles related to Financial Risk Manager jobs in Memphis, TN?

For Financial Risk Manager jobs in Memphis, TN, the most frequently searched job titles are:

What job categories do people searching Financial Risk Manager jobs in Memphis, TN look for?

The top searched job categories for Financial Risk Manager jobs in Memphis, TN are:

What cities near Memphis, TN are hiring for Financial Risk Manager jobs?

Cities near Memphis, TN with the most Financial Risk Manager job openings:

Infographic showing various Financial Risk Manager job openings in Memphis, TN as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $99,570 per year, or $47.9 per hour.

Full-time

Re-posted 14 days ago


Job description

Job Title: Risk Manager
Department: Risk Management / Compliance
FLSA: Non-Exempt
Reports To: Chief Legal & Compliance Officer
Job Function: The Risk Manager is responsible for overseeing MATA's enterprise risk management and claims functions, including general liability, property, auto, and litigation-related exposure. This role manages the full claims lifecycle, coordinates with internal departments, legal counsel, insurers, and third-party administrators, and implements risk mitigation strategies to reduce organizational exposure while ensuring regulatory compliance.
Essential Duties and Responsibilities
  • Manage and oversee all aspects of claims administration, including general liability, auto liability, property, and litigation matters.
  • Investigate incidents, accidents, and claims involving MATA operations, including on-site investigations for serious or complex incidents.
  • Coordinate with internal departments, third-party administrators, insurers, defense counsel, and external vendors.
  • Evaluate liability exposure, establish and adjust claim reserves, and recommend settlement strategies within delegated authority.
  • Maintain comprehensive records of claims activity, payments, settlements, legal expenses, and recoveries.
  • Monitor trends in claims, incidents, and losses; develop data-driven risk mitigation and loss prevention strategies.
  • Support subrogation efforts and recovery actions against responsible third parties.
  • Participate in depositions, mediations, hearings, and trials as required.
  • Collaborate with Safety, Security, Operations, and Maintenance departments to reduce risk exposure and improve incident prevention.
  • Provide training and guidance to supervisors and employees on incident reporting, documentation, and risk awareness.
  • Prepare reports and analyses for executive leadership related to claims exposure, loss trends, and risk controls.
  • Ensure compliance with federal, state, and local regulations related to risk management and insurance.
Minimum Qualifications
  • Bachelor's degree in Risk Management, Business Administration, Finance, or a related field (preferred).
  • Minimum five (5) years of progressively responsible experience in risk management, insurance, or claims administration.
  • Strong knowledge of liability insurance, claims handling, litigation processes, and risk mitigation strategies.
  • Excellent analytical, organizational, negotiation, and communication skills.
  • Ability to work independently and manage complex, high-exposure matters.
  • Proficiency in Microsoft Office applications and claims management systems.
  • Valid driver's license and ability to respond to incident scenes as required.
Working Conditions
This position requires a combination of office-based work and on-site field response. May involve exposure to weather conditions, accident scenes, and operational environments. Physical requirements may include standing, walking, and occasional lifting.
Salary Range
Salary range is commensurate with experience and aligned with market benchmarks. Final compensation will be determined based on qualifications and organizational guidelines.
Employment Type: Full-Time Exempt