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Head Of Enterprise Risk Management Jobs (NOW HIRING)

Nasdaq

Head of Risk, Market Services

New York, NY · On-site

GRM manages and continues to enhance the Enterprise Risk Management "ERM", Internal Control ... The Head of Risk, Market Services Division is responsible for implementing the Enterprise Risk ...

Nasdaq

Head of Risk, Market Services

Philadelphia, PA · On-site

GRM manages and continues to enhance the Enterprise Risk Management "ERM", Internal Control ... The Head of Risk, Market Services Division is responsible for implementing the Enterprise Risk ...

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Head Of Enterprise Risk Management information

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$54K

$143.2K

$260K

How much do head of enterprise risk management jobs pay per year?

As of Jul 27, 2026, the average yearly pay for head of enterprise risk management in the United States is $143,185.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,500.00 and $167,500.00 per year, depending on experience, location, and employer.

How does the Head of Enterprise Risk Management typically collaborate with other departments to ensure organization-wide risk mitigation?

The Head of Enterprise Risk Management (ERM) works closely with leaders from departments such as finance, operations, compliance, and IT to identify, assess, and prioritize risks across the organization. This role often leads cross-functional risk committees, facilitates risk workshops, and communicates risk-related findings to senior leadership and the board. Collaboration is key, as the ERM head must ensure that risk management strategies are integrated into business processes and decision-making throughout the company. Building strong relationships and promoting a risk-aware culture are central responsibilities in this position.

What does a Head of Enterprise Risk Management do?

A Head of Enterprise Risk Management (ERM) is responsible for developing and overseeing an organization's risk management framework. This involves identifying, assessing, and prioritizing potential risks that could affect the company's operations, finances, reputation, or objectives. They collaborate with senior leadership to implement risk mitigation strategies, ensure compliance with relevant regulations, and promote a risk-aware culture throughout the organization. The Head of ERM also regularly reports on risk exposures and effectiveness of controls to the board and executive team.

What are the key skills and qualifications needed to thrive as a Head Of Enterprise Risk Management, and why are they important?

To thrive as a Head Of Enterprise Risk Management, you need deep expertise in risk assessment, regulatory compliance, and financial analysis, typically supported by an advanced degree in business, finance, or a related field. Familiarity with risk management frameworks (such as COSO or ISO 31000), GRC platforms, and relevant certifications like FRM or CRM is essential. Exceptional leadership, strategic thinking, and strong communication skills enable effective cross-functional collaboration and influence at the executive level. These competencies ensure an organization can proactively identify, mitigate, and manage risks to achieve its business objectives.

What is the difference between Head Of Enterprise Risk Management vs Risk Manager?

AspectHead Of Enterprise Risk ManagementRisk Manager
CredentialsAdvanced degrees (MBA, Risk Management certifications)Bachelor's or master's in risk management, certifications like CRM or FRM
Work EnvironmentStrategic leadership, executive-level decision makingOperational risk assessment, implementing risk policies
Employer & Industry UsageLarge corporations, financial institutions, multinational companiesVarious industries including finance, insurance, manufacturing

The Head Of Enterprise Risk Management typically holds a senior leadership role focused on developing and overseeing enterprise-wide risk strategies, while the Risk Manager handles day-to-day risk assessments and mitigation efforts. Both roles require risk management credentials, but the Head Of Enterprise Risk Management operates at a strategic, executive level, guiding overall risk policies across the organization.

More about Head Of Enterprise Risk Management jobs
What cities are hiring for Head Of Enterprise Risk Management jobs? Cities with the most Head Of Enterprise Risk Management job openings:
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Head Of Enterprise Risk Management jobs near you
Infographic showing various Head Of Enterprise Risk Management job openings in the United States as of July 2026, with employment types broken down into 92% Full Time, 4% Part Time, and 4% Contract. Highlights an 83% Physical, 6% Hybrid, and 11% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.
Head of Enterprise Risk Management

Head of Enterprise Risk Management

Westfield

Manhattan, NY • On-site

Full-time

Posted 27 days ago

Westfield Insurance rating

8.7

Company rating: 8.7 out of 10

Based on 12 frontline employees who took The Breakroom Quiz

70th of 299 rated insurance

Job description


Job Summary:
The Head of Enterprise Risk Management (ERM) is responsible for designing, implementing, and advancing a comprehensive enterprise risk management framework that integrates risk intelligence into strategic planning, capital allocation, performance management, governance, and transformation initiatives. Reporting to the Chief Risk Officer (CRO), the role provides enterprise-wide leadership, authority, and influence to establish consistent risk standards, enhance forward looking risk visibility, and support executive and Board decision making.
Job Responsibilities:
  • Architect, implement, and mature the enterprise risk management framework aligned to strategy, capital, and performance objectives.
  • Define and operationalize enterprise risk appetite and tolerances in collaboration with executive leadership and the Board; cascade into policies, incentives, performance management, and investment decisions.
  • Establish and maintain enterprise-wide risk governance, including a common risk language, taxonomy, and measurement standards.
  • Develop an effective Three Lines of Defense model, delineating ownership and influence across risk-related functions including capital management, operational risk, IT/Cyber, compliance, legal, internal audit, and business units.
  • Lead recurring Enterprise Risk Assessments (ERAs) and materiality analyses; maintain an enterprise risk register capturing risk velocity, interdependencies, concentrations, and residual exposure.
  • Implement key risk indicators (KRIs), early-warning mechanisms, scenario analysis, stress testing, and emerging risk monitoring.
  • Serve as an independent enterprise challenger to strategic decisions, capital deployment, and portfolio trade-offs.
  • Embed risk-adjusted decision-making into strategy development, M&A, capital planning, portfolio management, and large-scale transformation initiatives.
  • Partner with the Financial Planning & Analysis (FP&A) department and business leadership to integrate risk impacts into forecasts, plans, and resource allocation decisions.
  • Ensure major programs and initiatives include defined risk gates, mitigation plans, and post-implementation reviews.
  • Oversee and strengthen operational risk management, including Risk and Control Self-Assessments (RCSAs), incident and loss event reporting, remediation tracking, and thematic analysis.
  • Support enterprise resilience through Business Continuity, Disaster Recovery, and Crisis Management planning, simulations, and after-action reviews.
  • Enhance Third-Party Risk Management, including due diligence, segmentation, ongoing monitoring, and exit planning using a tiered oversight approach.
  • Develop enterprise risk data, analytics, and dashboards to provide timely insights, trend analysis, heatmaps, KRIs, and scenario outcomes.
  • Establish effective executive and Board risk reporting cadences and automate reporting processes to improve timeliness and data quality.
  • Provide input into ORSA, capital adequacy, emerging risk disclosures, and regulatory risk reporting as applicable.
  • Build and sustain a strong enterprise risk culture through clear accountability, role-based enablement, and leadership engagement.
  • Lead, develop, and scale a high-performing ERM team, including leveraging centers of excellence and embedded business risk champions.
  • Provide strategic input to the CRO on segment strategies, risk appetite breaches, and aggregated enterprise risk and capital usage.

Job Qualifications:
  • 12+ years of progressive experience in enterprise risk management, finance, strategy, or related leadership roles.
  • 5+ years of senior people leadership experience.
  • Bachelor's degree in Finance, Risk Management, Accounting, Business, or a related discipline required; advanced degree preferred.
  • Experience operating at the executive and Board level.
  • Strong understanding of ERM frameworks, capital management, operational risk, governance, and enterprise transformation.
  • Insurance or financial services industry experience preferred.

Licenses and Certifications:
  • Professional risk or finance certifications (e.g., CPA, CFA, FRM, CERA) preferred.

Behavioral Competencies:
  • Collaborates
  • Communicates Effectively
  • Customer Focus
  • Decision Quality
  • Nimble Learning
  • Builds Effective Teams
  • Business Insight
  • Develops Talent
  • Directs Work
  • Ensures Accountability
  • Manages Complexity
  • Drives Vision and Purpose
  • Strategic Mindset

Technical Skills:
  • Enterprise Risk Management
  • Risk Appetite & Governance
  • Scenario Analysis & Stress Testing
  • Capital & Portfolio Risk
  • Operational Risk Management
  • Resilience & Crisis Management
  • Third-Party Risk Management
  • Risk Data & Analytics
  • Controls Assessment
  • Stakeholder Management

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
About Us
Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.

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