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Insurance Risk Manager Jobs in Hawaii (NOW HIRING)

Bank of Hawaii

Risk Manager

Honolulu, HI · On-site

$96K - $168K/yr

The position manages and coordinates critical risk management processes, including risk assessments, issue management, risk monitoring, and governance activities, while helping ensure alignment with ...

Bank of Hawaii

Risk Manager

Honolulu, HI · On-site

The position manages and coordinates critical risk management processes, including risk assessments, issue management, risk monitoring, and governance activities, while helping ensure alignment with ...

First Hawaiian, Inc.

Market Risk Manager

Honolulu, HI · On-site

$160K - $200K/yr

Reporting to the Chief Risk Officer (CRO), the Market Risk Manager is responsible for overseeing the identification, measurement, monitoring, reporting, and governance of market risks arising from ...

Bank of Hawaii

Compliance & Risk Officer

Honolulu, HI

... risk management programs, ensures business unit's compliance with applicable laws, regulations ... insurance, and/or business management. Analytical mindset with diligence in identifying compliance ...

Bank of Hawaii

Compliance & Risk Officer

Honolulu, HI · On-site

$54K - $94K/yr

... insurance, and/or business management. Analytical mindset with diligence in identifying compliance ... gaps and risk exposures. Project implementation/project management experience preferred.

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Insurance Risk Manager information

See Hawaii salary details

$85.7K

$126.2K

$193.2K

How much do insurance risk manager jobs pay per year?

As of Aug 11, 2026, the average yearly pay for insurance risk manager in Hawaii is $126,239.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,900.00 and $143,400.00 per year, depending on experience, location, and employer.

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 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 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 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 job categories do people searching Insurance Risk Manager jobs in Hawaii look for? The top searched job categories for Insurance Risk Manager jobs in Hawaii are:
What cities in Hawaii are hiring for Insurance Risk Manager jobs? Cities in Hawaii with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Hawaii as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, and 4% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $126,239 per year, or $60.7 per hour.

Risk Manager

Bank of Hawaii

Honolulu, HI • On-site

$96K - $168K/yr

Full-time

Posted 7 days ago

Bank Of Hawaii rating

7.0

Company rating: 7.0 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

128th of 171 rated banks

Job description


As an Individual Contributor, this role serves as a key risk management advisor and partner to business leadership in the execution and ongoing enhancement of first-line risk management activities within the business unit. The position manages and coordinates critical risk management processes, including risk assessments, issue management, risk monitoring, and governance activities, while helping ensure alignment with enterprise risk management frameworks, regulatory requirements, and organizational objectives. This role provides subject matter expertise and independent risk insights to support sound decision-making and a strong risk management culture.
Responsibilities
  • Risk Assessment and Control Management: Manages the execution and ongoing enhancement of risk and control self-assessment (RCSA) activities, including risk identification, control evaluations, business process mapping, and inherent and residual risk assessments. Ensures alignment with enterprise risk management frameworks, standards, and guidance while promoting effective risk and control practices across the business unit.
  • Risk Evaluation and Change Management: Oversees and facilitates risk assessments for new initiatives, services, technologies, process changes, and strategic projects. Partners with stakeholders to identify risks, evaluate controls, develop mitigation strategies, and perform post-implementation reviews, as appropriate, to validate effectiveness.
  • Issue Management and Risk Mitigation: Manages tracking, escalation, and remediation of regulatory, audit, risk management, and self-identified issues. Partners with stakeholders to perform root cause analyses, develop sustainable corrective action plans, monitor remediation progress, and validate issue resolution activities.
  • Risk Monitoring and Reporting: Develops and maintains key risk indicators (KRIs), early warning indicators (EWIs), and other risk metrics used to monitor the business risk profile. Prepares and delivers risk reporting, analysis, and insights regarding risk exposures, emerging risks, and remediation activities to support management decision-making and governance oversight.
  • Risk Governance and Continuous Improvement: Drives enhancements to risk management processes, reporting capabilities, data quality, and technology utilization. Supports implementation of enterprise risk initiatives and serves as a resource to business partners on regulatory developments, emerging risks, and leading risk management practices.
  • Performs other responsibilities and duties as assigned.

Qualifications
  • Bachelor's degree in business administration, finance, accounting, risk management, or a related field. Equivalent work experience or certification(s) may be considered in lieu of degree.
  • Minimum 8 years of experience in risk management, internal or external audit, preferably in banking or financial services industry.
  • Proficient with Microsoft Office applications.
  • Advanced knowledge and skill proficiency in bank acumen, business acumen, continuous improvement, corporate governance, cross-functional collaboration, customer experience, decision making & judgement, financial risk management, laws & regulations, operational risk management, regulatory compliance, risk audit, and risk management.
  • Intermediate knowledge and skill proficiency in model risk management, risk governance, and strategic thinking.
  • Demonstrates strong analytical and critical thinking abilities, excellent written and verbal communication skills, and the ability to effectively influence stakeholders across all organizational levels. Must possess exceptional organizational skills, attention to detail, adaptability, and the ability to manage multiple priorities concurrently.
  • Demonstrates initiative, professionalism, intellectual curiosity, and a commitment to continuous learning and maintaining awareness of industry trends, emerging risks, regulatory requirements, and evolving risk management practices.

As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.
Delivering exceptional customer experiences is at the heart of what we do at Bank of Hawaii. We listen, understand and deliver what our customers need to help them build a better tomorrow.
We are an EEO/AA employer, including disability and veterans. For Bank of Hawaii's full EEO statement, please visit https://www.boh.com/careers.

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