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Insurance Risk Consultant Jobs in Ohio (NOW HIRING)

... insurance / risk management program; makes recommendations for appropriate and competitive ... consultant, helping customers analyze risk and apply innovative solutions to resolve complex risk ...

... insurance / risk management program; makes recommendations for appropriate and competitive ... consultant, helping customers analyze risk and apply innovative solutions to resolve complex risk ...

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Insurance Risk Consultant information

See Ohio salary details

$23

$50

$82

How much do insurance risk consultant jobs pay per hour?

As of Jun 16, 2026, the average hourly pay for insurance risk consultant in Ohio is $50.35, according to ZipRecruiter salary data. Most workers in this role earn between $41.59 and $55.29 per hour, depending on experience, location, and employer.

What is the difference between Insurance Risk Consultant vs Insurance Underwriter?

AspectInsurance Risk ConsultantInsurance Underwriter
CredentialsOften requires industry certifications like CPCU or ARMTypically holds similar certifications, sometimes with additional licensing
Work EnvironmentAdvises clients and analyzes risks for insurance companiesEvaluates applications and determines policy terms
Employer & Industry UsageConsulting firms, insurance companies, brokersInsurance companies, underwriting agencies

While both roles involve assessing risks, Insurance Risk Consultants focus on advising clients and analyzing complex risk scenarios, whereas Insurance Underwriters evaluate applications to determine policy eligibility and pricing. Understanding these differences helps in choosing the right career path or job search focus.

What does an insurance risk consultant do?

An insurance risk consultant evaluates potential risks that could affect an organization and advises on strategies to mitigate those risks. They analyze data, review policies, and may use risk assessment tools to help clients reduce financial losses and ensure compliance with regulations.

What are the key skills and qualifications needed to thrive as an Insurance Risk Consultant, and why are they important?

To thrive as an Insurance Risk Consultant, you need a strong background in risk assessment, analytical thinking, and a relevant degree such as finance, business, or actuarial science. Familiarity with risk modeling software, data analysis tools, and industry certifications like ARM (Associate in Risk Management) is typically required. Excellent communication, problem-solving abilities, and relationship-building skills help set top consultants apart. These skills are vital for accurately evaluating risk, advising clients effectively, and ensuring comprehensive risk mitigation strategies.

How much does a risk consultant earn?

Insurance risk consultants typically earn a median annual salary ranging from $70,000 to $100,000, depending on experience, location, and industry sector. Senior or specialized risk consultants with certifications like CPCU or ARM can earn higher salaries, often exceeding $120,000 annually.

How much do insurance risk advisors make?

Insurance risk consultants typically earn a median annual salary of around $70,000 to $100,000, depending on experience, location, and certifications. Senior or specialized advisors can earn higher, often exceeding $120,000 annually. Compensation may also include bonuses and benefits based on performance and client portfolio size.

What are some common challenges faced by Insurance Risk Consultants when assessing client risk profiles?

Insurance Risk Consultants often encounter challenges such as gathering accurate and comprehensive data from clients, keeping up with evolving regulatory requirements, and addressing complex or unique risk scenarios. Building trust with clients to obtain sensitive information and navigating diverse industries with varying risk exposures can also be demanding. Successful consultants overcome these obstacles through strong communication skills, continuous professional development, and close collaboration with underwriters, actuaries, and legal teams.

Does risk consulting pay well?

Risk consulting for insurance risk consultants generally offers competitive salaries that vary based on experience, location, and certifications such as CPCU or ARM. Entry-level positions may start lower, but experienced professionals with specialized skills can earn higher compensation, often including bonuses and benefits. Overall, it is considered a well-paying field within the consulting and insurance industries.
What are popular job titles related to Insurance Risk Consultant jobs in Ohio? For Insurance Risk Consultant jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Consultant jobs in Ohio look for? The top searched job categories for Insurance Risk Consultant jobs in Ohio are:
What cities in Ohio are hiring for Insurance Risk Consultant jobs? Cities in Ohio with the most Insurance Risk Consultant job openings:
Fair and Responsible Banking Risk Consultant

Fair and Responsible Banking Risk Consultant

US Bank

Cincinnati, OH

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago


U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 345 frontline employees who took The Breakroom Quiz

38th of 141 rated banks


Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

The Fair and Responsible Banking Risk Consultant will support the Fair and Responsible Banking (FaRB) Program within Corporate Compliance in the second line of defense. This role helps execute the FaRB Program and contributes to the effective governance and oversight of fair lending and UDAP/UDAAP risks. The FaRB Risk Consultant will work cross-functionally to review business practices and customer-facing processes, supporting efforts to assess risk, identify emerging issues, and develop practical guidance that promotes sound risk management. The individual in this role will support program initiatives and activities by using data, reporting, and other information to identify observations and trends and communicate clear, actionable insights. The FaRB Risk Consultant will also work with partners across the organization to promote alignment and support a consistent, scalable approach to managing FaRB risk.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than six years of applicable experience

Preferred Skills/Experience

  • Working knowledge of fair lending and UDAP/UDAAP risks, with the ability to identify and assess risk drivers across consumer products and related processes.

  • Experience supporting fair and responsible banking program activities, such as translation / Limited English Proficiency, program governance, risk assessment, and stakeholder engagement.

  • Ability to interpret regulatory expectations and internal policies, translating them into practical guidance and supporting effective challenge of business practices and controls.

  • Strong analytical and problem-solving skills, including the ability to interpret data, identify trends, and communicate risk insights clearly.

  • Effective communication skills, with experience supporting routine governance activities, preparing materials, and responding to internal and external inquiries.

  • Experience supporting project management activities, including tracking actions, assessing progress, and ensuring timely completion of program objectives.

  • Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business

  • Considerable understanding of the business line's operations, products/services, systems, and associated risks/controls

  • Thorough knowledge of Risk/Compliance/Audit competencies

  • Strong analytical, process facilitation and project management skills

  • Effective presentation, interpersonal, written and verbal communication skills

  • Effective relationship building and negotiation skills

  • Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations

  • Applicable professional certifications

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $98,175.00 - $115,500.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.


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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

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