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Insurance Risk Engineer Jobs in Manhattan, NY (NOW HIRING)

Everest Insurance

Risk Analyst I

Warren, NJ · On-site

$57K - $98K/yr

... Engineering, or a related quantitative discipline. * 1-3 years of experience in risk management, exposure management, insurance analytics, catastrophe modeling, or a related field. * Strong ...

Swiss Re

Risk Consultant- P&C Insurance

Manhattan, NY · On-site

$98K - $163K/yr

Expertise in statistical tools, programming languages, and visualization tools (e.g. Python, R, SQL ... of insurance-based risk transfer, working to make the world more resilient. We anticipate and ...

Berkley

Senior Analyst/Analyst, ERM

Greenwich, CT · On-site

... how insurance products drive risk and capital, and motivated to improve and automate existing ... programming concepts, including functions and loops • Ability to work with large datasets and ...

Berkley

Senior Analyst/Analyst, ERM

Greenwich, CT · On-site

... how insurance products drive risk and capital, and motivated to improve and automate existing ... programming concepts, including functions and loops • Ability to work with large datasets and ...

AECOM

Risk Analyst

New York, NY · On-site

Alternatively, the employer will accept a Master's degree in Civil Engineering, Engineering ... insurance, service recognition awards, retirement savings plan, and employee stock purchase plan.

AECOM

Risk Analyst

New York, NY · On-site

Alternatively, the employer will accept a Master's degree in Civil Engineering, Engineering ... insurance, service recognition awards, retirement savings plan, and employee stock purchase plan.

AECOM

Risk Analyst

New York, NY · On-site

Alternatively, the employer will accept a Master's degree in Civil Engineering, Engineering ... insurance, service recognition awards, retirement savings plan, and employee stock purchase plan.

WebMD

Risk & Compliance Engineer

Newark, NJ · Hybrid

As a Vendor Risk & Compliance Engineer, you will be uniquely positioned to enhance Vendor risk ... Health Insurance (medical, dental, and vision coverage) * Paid Time Off (including vacation, sick ...

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All JobsInsurance Risk Engineer JobsInsurance Risk Engineer Jobs in Manhattan, NY

Insurance Risk Engineer information

See Manhattan, NY salary details

$43K

$112.3K

$151.7K

How much do insurance risk engineer jobs pay per year?

As of Aug 7, 2026, the average yearly pay for insurance risk engineer in Manhattan, NY is $112,296.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $128,600.00 per year, depending on experience, location, and employer.

What does an insurance risk engineer do?

An Insurance Risk Engineer assesses potential risks associated with a business or property to help insurers make informed underwriting decisions. They analyze safety protocols, operational procedures, and structural conditions to identify hazards and recommend risk mitigation strategies. Their goal is to minimize potential losses for both the insurer and the policyholder by implementing effective preventive measures. Risk engineers often conduct site inspections, review compliance with industry regulations, and provide detailed reports to underwriters. This role requires a strong understanding of engineering principles, risk assessment methodologies, and industry-specific safety standards.

What are the key skills and qualifications needed to thrive as an insurance risk engineer?

To thrive as an Insurance Risk Engineer, you need a solid background in engineering or a related technical field, strong analytical abilities, and in-depth knowledge of risk assessment methodologies. Familiarity with risk modeling software, industry safety codes, and certifications such as CFPS (Certified Fire Protection Specialist) or ARM (Associate in Risk Management) is highly valued. Exceptional communication, problem-solving skills, and attention to detail are key soft skills for effectively interacting with clients and translating complex technical findings. These competencies ensure accurate risk evaluations, support underwriters, and help mitigate losses, ultimately protecting both insurers and their clients.

What are popular job titles related to Insurance Risk Engineer jobs in Manhattan, NY? For Insurance Risk Engineer jobs in Manhattan, NY, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Engineer jobs in Manhattan, NY look for? The top searched job categories for Insurance Risk Engineer jobs in Manhattan, NY are:
What cities near Manhattan, NY are hiring for Insurance Risk Engineer jobs? Cities near Manhattan, NY with the most Insurance Risk Engineer job openings:
Insurance Risk Engineer jobs near you
Infographic showing various Insurance Risk Engineer job openings in Manhattan, NY as of July 2026, with employment types broken down into 85% Full Time, 10% Part Time, and 5% Temporary. Highlights an 84% In-person, 4% Hybrid, and 12% Remote job distribution, with an average salary of $112,296 per year, or $54 per hour.

Quantitative Risk Officer and Risk Model Developer

State Street Corporation

Clifton, NJ • On-site

$75K - $123K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Job description

Who we are looking for
A strong quantitative modeler to join the team as an Officer and Credit Risk Modeler based in New Jersey, Connecticut, or Boston. This role is part of the Centralized Modeling, Analytics and Operations Group within Enterprise Risk Management's Financial Risk Organization.
Why this role is important to us
The team you will be joining plays a critical role in the organization's overall success. Across the globe, institutional investors rely on us to manage risk, respond to complex challenges, and drive performance and profitability. To deliver on that mission, we need teams like yours-teams that help the organization operate effectively, adapt quickly, and remain resilient. In this role, you will focus on developing cutting-edge solutions that are both scalable and practical, while contributing to strong day-to-day execution. Join us if you are motivated to make a meaningful impact in the financial services industry from day one.
What you will be responsible for
As Credit Risk Modeler you will:
  • Develop credit risk models (PD/LGD/EL) to provide quantitative support to credit risk analytical processes for State Street's wholesale portfolios, including Commercial Real Estate (CRE), Corporate, Private Equity (PE) Fund and Private Credit (PC) exposures, etc.
  • Develop credit portfolio risk models for CCAR/CECL/IFRS9/BASEL/Ratings/ICAAP use cases, as well as for economic capital
  • Review and enhance credit risk analytical methodology including modeling choices in line with expanding business and regulatory requirements
  • Review and verify key model assumptions with model owners
  • Review model outputs with properly justified opinions and judgments by experts from credit risk managers to capture forward-looking financial market and macro-economic outlooks
  • Implement internally developed models on risk analytical library platform
  • Streamline the existing modeling and analytical process; increasing the pace of execution to meet the needs of the business
  • Work in close partnership with the three lines of defense functions, such as model governance, Corporate Audit and Financial Regulatory Assurance to ensure appropriate governance and control infrastructure for credit risk analytics
  • Prepare and present required reports/reviews to model risk management, senior management and global regulators

What we value
These skills will help you succeed in this role:
  • Strong analytical and quantitative mindset; ability to take ownership and improve on existing risk models and methodologies
  • Energetic/motivator: an enthusiastic individual with proven leadership skills and an ability to motivate a diverse, multi-level workforce and instill a sense of urgency on a range of evolving goals and objectives
  • Organizational strengths: an ability to organize projects, processes and priorities to ensure business needs are met in a coordinated, responsive and timely manner, with minimal direction
  • Confidence: a self-assured, experienced and knowledgeable individual able to quickly garner support for his/her views based on informed, well-presented direction or analysis, with a willingness to negotiate, and concede, when needed
  • Communicator: clear, confident, self-assured communication style, coupled with an ability to react and adapt to various audiences and environments without diluting effectiveness

Education & Preferred Qualifications
  • MS or PhD in statistics or econometrics or equivalent, prefer research area in survival analysis/event history analyses or related areas; Prefer research area that involves heavy programming work with strong programming skills in Python/R/C/C++/SQL etc.
  • Undergraduate training in mathematics and probability theory (measure theory) with good knowledge of stochastic calculus is a big plus.
  • Strong programming skills in Python/R/C/C++/SQL etc.
  • Demonstrated experiences working with model development teams, analytical library development team and technology
  • Motivated and fascinated in how to apply statistics and econometric methodologies to resolve credit risk modeling challenges in financial industry

Salary Range:
$75,000 - $123,750 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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About State Street

Sourced by ZipRecruiter

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

Year founded

1792

Social media

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