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Insurance Risk Manager Jobs in Arizona (NOW HIRING)

Risk Manager Core Functions: * Risk Management: Research, evaluate, and make recommendations on trends in risk management and loss control strategies to minimize potential risks. * Insurance Renewal ...

Risk Manager Core Functions: * Risk Management: Research, evaluate, and make recommendations on trends in risk management and loss control strategies to minimize potential risks. * Insurance Renewal ...

Support the wider team of risk management professionals by providing R&O training and updates on risk processes as required * Use your business development skills to engage new clients as well as ...

Power Only Risk Leader

Phoenix, AZ · On-site

$63K - $82K/yr

Leads the management and resolution of all escalated Power Only (PO) Risk incidents involving third ... insurance. We also offer an Employee Stock Purchase plan, paid training, wellness programs ...

Showing results 41-60

Insurance Risk Manager information

See Arizona salary details

$76.9K

$113.2K

$173.3K

How much do insurance risk manager jobs pay per year?

As of Sep 11, 2026, the average yearly pay for insurance risk manager in Arizona is $113,230.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,100.00 and $128,600.00 per year, depending on experience, location, and employer.

What does an Insurance Risk Manager do?

An Insurance Risk Manager is responsible for identifying, assessing, and mitigating risks that could negatively impact an organization’s assets, operations, or reputation. They analyze various types of risks—including financial, operational, and compliance risks—and develop strategies to minimize potential losses. Insurance Risk Managers also advise on appropriate insurance coverage, negotiate policies with insurers, and ensure that the company complies with relevant regulations to protect against unforeseen events.

What are the key skills and qualifications needed to thrive as an Insurance Risk Manager?

To thrive as an Insurance Risk Manager, you need expertise in risk assessment, analytical thinking, and a strong understanding of insurance principles, often supported by a relevant degree and certifications like ARM or CPCU. Familiarity with risk modeling software, statistical analysis tools, and regulatory compliance systems is typically required. Strong communication, decision-making, and problem-solving skills help you effectively advise stakeholders and manage complex risk scenarios. These abilities are crucial for identifying, evaluating, and mitigating risks to protect organizational assets and ensure regulatory compliance.

What are the most common challenges Insurance Risk Managers face when working across different departments?

Insurance Risk Managers often collaborate with various departments such as underwriting, claims, and compliance to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment of risk policies across teams that may have different priorities or levels of risk awareness. Balancing regulatory requirements with business objectives can also be complex, requiring strong negotiation and relationship-building skills. Successfully navigating these challenges helps create a unified risk culture and strengthens the organization's overall resilience.

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

AspectInsurance Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in risk management, finance, or related fields; professional certifications like ARM or CPCU are commonUsually holds a bachelor's degree in finance, economics, or related areas; certifications like CPCU or ARe are beneficial
Work EnvironmentWorks in corporate risk management departments, analyzing and mitigating risks for the companyWorks in insurance companies, assessing individual or business applications to determine coverage and premiums
Employer & Industry UsageUsed by insurance companies and large corporations to manage risk exposurePrimarily employed by insurance carriers to evaluate and approve insurance policies

While both roles involve understanding insurance policies, the Insurance Risk Manager focuses on overall risk mitigation strategies within an organization, whereas the Insurance Underwriter evaluates individual insurance applications to determine coverage and pricing.

What are popular job titles related to Insurance Risk Manager jobs in Arizona?

For Insurance Risk Manager jobs in Arizona, the most frequently searched job titles are:

What cities in Arizona are hiring for Insurance Risk Manager jobs?

Cities in Arizona with the most Insurance Risk Manager job openings:

Infographic showing various Insurance Risk Manager job openings in Arizona as of August 2026, with employment types broken down into 1% As Needed, 75% Full Time, 19% Part Time, and 5% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $113,230 per year, or $54.4 per hour.

Enterprise Risk Management (ERM) Team Lead

Phoenix, AZ • On-site

Full-time

Medical, Dental, Retirement

Posted 15 days ago


Job description

Job Title:

Enterprise Risk Management (ERM) Team Lead

Location:

CityScape

What you'll do:

As an Enterprise Risk Management Team Lead, you'll support programs to identify, measure, monitor, and control risks throughout the organization. You'll play a key role in the Bank's Enterprise Risk Management Team, who is responsible for several enterprise-wide programs, including Risk and Control Self-Assessment (RCSA), Controls Testing, Issue Management, Governance Risk and Compliance (GRC) Platform and Program, Third-Party Risk Management, Policy Framework, and Technology and Information Security Risk Management.
The Team Lead will be responsible for executing the Controls Testing program, ensuring adherence to program methodology, policies and standards and will help develop reporting, training, and continuous improvement initiatives.
  • Oversee all aspects of a testing engagement including the test of design and operating effectiveness of documented controls, issue determination, workpaper completion, and reporting.
  • Review testing workpapers to ensure they support testing conclusions and comply with internal methodology.
  • Prepare reports that clearly summarize the testing engagement, issues, and recommendations.
  • Support leadership in the enhancement of Second Line of Defense Enterprise and Operational Risk Programs, including Controls Testing and Issue Management.
  • Champion a strong risk culture for the company by elevating the risk knowledge base of associates.

What you'll need:

  • 3+ years of related Experience in controls testing.
  • Bachelor's degree in related field required.
  • Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Intermediate knowledge of industry and professional experience across one or more of the three lines of defense (e.g. banking operations, information technology, SOX, compliance, risk management, audit).
  • Intermediate knowledge and experience with risk and control frameworks (COSO ERM Framework, Basel etc.).
  • Intermediate knowledge of risk management tools and systems and advanced proficiency in Microsoft Office Suite (Word, Excel, and PowerPoint).
  • Preferred certifications (CIA, CISA)
  • Intermediate speaking and writing communication skills.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation