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Financial Risk Manager Jobs in Winchester, VA (NOW HIRING)

... financial performance and identify opportunities to improve revenue, profitability, and operational efficiency. • Manage cash flow, capital expenditures, vendor contracts, and risk management ...

Budget & Financial Management * Manage project budgets including capital appropriation tracking ... Scheduling, Budget, and Risk Management * Demonstrated proficiency managing budgets, schedules ...

House Account Specialist

Winchester, VA · On-site

$18.50 - $25.25/hr

... manages existing customer Accounts Receivable balances to help minimize Airgas working capital investment and financial risk. • Other duties as assigned. Are you a MATCH? Preferred Education: • ...

House Account Specialist

Winchester, VA

$18.50 - $25.25/hr

Actively reviews and manages existing customer Accounts Receivable balances to help minimize Airgas working capital investment and financial risk. Other duties as assigned. _____Are you a MATCH?

Partner with IT, Finance, Operations, and divisional teams to deliver sustainable process ... Monitor delivery, quality, responsiveness, capacity, risk, and commercial performance using ...

Drive project financial performance, forecasting, and cost control * Coordinate closely with ... Manage contract review, risk analysis, change orders, RFIs, submittals, and project documentation

Drive project financial performance, forecasting, and cost control * Coordinate closely with ... Manage contract review, risk analysis, change orders, RFIs, submittals, and project documentation

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Financial Risk Manager information

See Winchester, VA salary details

$50K

$108.4K

$165.2K

How much do financial risk manager jobs pay per year?

As of Jul 30, 2026, the average yearly pay for financial risk manager in Winchester, VA is $108,393.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,400.00 and $125,300.00 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 cities near Winchester, VA are hiring for Financial Risk Manager jobs? Cities near Winchester, VA with the most Financial Risk Manager job openings:
Infographic showing various Financial Risk Manager job openings in Winchester, VA as of July 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, and 4% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $108,393 per year, or $52.1 per hour.

Financial Modeling Manager

Bank of Clarke

Berryville, VA • On-site

Other

Medical, Dental, Vision, Life, PTO

Posted 12 days ago


Job description

Description:

Position Purpose: The Financial Modeling Manager is responsible for developing, maintaining, and evolving the Company’s core financial risk and performance models, with a primary focus on CECL modeling. This role will serve as the internal owner of credit loss, capital and ALM-related models, supporting enterprise decision-making, regulatory compliance, and strategic planning.


What you’ll do:

CECL Modeling:

  • Own the design, development, governance, and ongoing maintenance of the Company’s CECL models.
  • Oversee model methodologies, assumptions, documentation, validation support, and management reporting related to CECL estimates.
  • Partner with Credit, Finance, Risk, and auditors to ensure CECL outputs are well-supported, explainable, and compliant with accounting and regulatory expectations.

Capital Modeling:

  • Develop and maintain capital forecasting and stress testing models used for strategic planning and regulatory analysis.
  • Support capital adequacy assessments, dividend planning, and growth scenarios.

ALM Support:

  • Support our outsourced interest rate risk modeling, earnings-at-risk, and economic value of equity analysis.
Requirements:

Where you’ll shine:

  • Bachelor’s degree in Finance, Economics, Accounting, Mathematics, or a related quantitative field; advanced degree preferred.
  • 4–8 years of experience in financial modeling within a banking or financial services environment.
  • Deep experience with CECL modeling frameworks and related data, assumptions, and governance.
  • Working knowledge of capital, liquidity, and ALM modeling concepts; Empyrean experience preferred.
  • Strong analytical, problem-solving, and communication skills, with the ability to translate complex models into clear narratives.
  • You bring structure and rigor to complex financial models and are comfortable owning them end-to-end.
  • You balance technical depth with a practical, decision-oriented mindset.
  • You work effectively across Finance, Credit, Treasury, Risk, and Audit partners.


Where we shine:

  • Offering a full suite of benefits including medical, life, dental, and vision insurance plus generous paid time off.
  • Supporting associates and their families; we embrace the importance of caring for oneself and our families.
  • Surrounding ourselves with smart, driven, and diverse individuals.
  • Valuing integrity, commitment regarding our daily duties, and the Bank as a whole.
  • Supporting local philanthropic, cultural, and artistic initiatives and organizations that our employees’ value.
  • Devoted to the communities in which we serve as we help those who form the creative backbone of our market’s future economy and business value.
  • Bank of Clarke is “Great Place to Work” Certified through June 2025. 
  • “Top Virginia Employer for Interns” award recipient (2023, 2024,2025,2026) through Virginia Talent and Opportunity Partnership (V-TOP.)


Working Conditions:

The individual will be required to be available after normal working hours. Business travel may be necessary to meet with vendors and attend training opportunities. Occasional hours beyond standard scheduling may be required to meet critical deadlines. 


To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed under the knowledge/skills section are representative of the knowledge, skill set, and/or ability required. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform the essential functions.


EEO M/F/V/D



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