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Insurance Risk Manager Jobs in Hawaii (NOW HIRING)

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.

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

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How much do insurance risk manager jobs pay per year?

As of Jun 10, 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, and why are they important?

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 cities in Hawaii are hiring for Insurance Risk Manager jobs? Cities in Hawaii with the most Insurance Risk Manager job openings:
Senior Manager Compliance & Risk

Senior Manager Compliance & Risk

Bank of Hawaii

Honolulu, HI

Full-time

Posted 26 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

102nd of 141 rated banks


Job description

As a People Manager, this role leads and advances the business unit's risk and compliance programs by directing risk and control assessment methodologies, new product and service risk reviews, operational risk governance, and risk reporting. The role monitors, directs, and enforces adherence to legal, regulatory, and internal policy requirements, while partnering across the organization to strengthen risk management maturity, operational excellence, and strategic outcomes.

  • Bachelor's degree in business, accounting, finance, or a related field. Equivalent work experience or certification(s) may be considered in lieu of degree.
  • Minimum 10 years of experience in banking, regulatory compliance, operational risk, or related discipline. Minimum 5 years of leadership experience.
  • Proficient with Microsoft Office applications.
  • Advanced knowledge and skill proficiency in bank acumen, business acumen, continuous improvement, customer experience, decision making & judgement, laws & regulations, people management, regulatory compliance, and risk management.
  • Intermediate knowledge and skill proficiency in strategic thinking.
  • Strong communication skills are essential to influence stakeholders, engage regulators and external partners as needed, and advance process and technology improvements. Must be able to interpret and apply evolving regulatory expectations, exercise sound judgment in complex situations, and recommend practical solutions that balance risk and operational effectiveness. 

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.

  • Risk & Compliance Program Leadership: Leads and supports the business unit in executing first line risk and compliance programs, promoting risk awareness, accountability, and consistent control ownership. Directs the design, maintenance, and continuous maturation of compliance and operational risk workflows and methodologies and provides strategic guidance to management.

  • Regulatory & Policy Advisory: Monitors emerging legislation, regulatory guidance, enforcement trends, and industry best practices, and evaluates their potential impact to the organization. Analyzes, synthesizes, and communicates changes to stakeholders, and coordinates timely updates to policies, procedures, forms, documentation, and training to meet new, amended, or evolving requirements.

  • Monitoring, Testing, and Issue Management: Develops and executes ongoing monitoring and periodic reporting to evaluate the effectiveness of business unit compliance and operational risk programs. Validates key operational processes and control activities through appropriate testing, drives root cause analysis and remediation planning, and escalates risks and issues with clear, actionable recommendations and timelines.

  • Enterprise Partnership & Governance: Partners with second line risk and corporate compliance teams, legal counsel, and business stakeholders to enhance risk programs and embed risk management practices within business operations. Builds strong cross-functional relationships to operationalize commitments, ensure governance expectations are met, and deliver outcomes that improve risk visibility, decision-making, and program execution.

  • People Management: Provides strategic leadership on all aspects of people management while modeling our leadership principles. Cultivates an environment where people are empowered to grow, take initiative, and succeed through clear direction, continuous coaching, and shared celebration.

  • Performs other responsibilities and duties as assigned.

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