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Insurance Risk Manager Jobs in Maryland (NOW HIRING)

Aegon

Head of Credit Risk

Baltimore, MD · On-site

Our insurance, retirement, and investment solutions help people make the most of what's important ... The Head of Credit Risk Management will help to build broader credit risk capability through cross ...

SC&H Group

Risk Senior Manager

Hunt Valley, MD

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong focus on security-related consulting, including SOC (SSAE 18), ISO/IEC 27001, and ISO/IEC 42001 ...

SC&H Group

Risk Senior Manager

Columbia, MD · On-site +1

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong focus on security-related consulting, including SOC (SSAE 18), ISO/IEC 27001, and ISO/IEC 42001 ...

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Insurance Risk Manager information

See Maryland salary details

$80.1K

$117.9K

$180.5K

How much do insurance risk manager jobs pay per year?

As of Jun 11, 2026, the average yearly pay for insurance risk manager in Maryland is $117,926.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,000.00 and $133,900.00 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 are popular job titles related to Insurance Risk Manager jobs in Maryland? For Insurance Risk Manager jobs in Maryland, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Maryland look for? The top searched job categories for Insurance Risk Manager jobs in Maryland are:
What cities in Maryland are hiring for Insurance Risk Manager jobs? Cities in Maryland with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you

AVP, Enterprise and Operational Risk Management

SECU Credit Union

Linthicum, MD

Other

Medical, Dental, Vision, Retirement, PTO

Posted 29 days ago

Job description

The AVP, Enterprise and Operational Risk Management will need to come into our Linthicum, Maryland headquarters 1-2 days per week.
Who we are:
At SECU, we put our employees first, recognizing that their well-being and professional development are vital to our success. By fostering a supportive and empowering work environment, our employees are committed to helping members achieve long-term financial security. They are also inspired to give back to the communities we serve by volunteering and spreading kindness, which reflects our core values and who we are as an organization.
Every employee at SECU contributes to our members financial well-being, and well always do whats right for our members, employees, and communities.
Feel good about what you do. Belong to a place where you matter and can make a difference.
What you will do:
The Assistant Vice President (AVP), Enterprise and Operational Risk Management (EORM) will support the VP, EORM with the daily operation and administration of the SECU enterprise risk management program. This includes responsibilities for key operational risk functions such as Business Continuity, Third-Party Risk Management, and Corporate Insurance. This position, through specialized knowledge and skill, provides support to the organization on all matters relating to EORM policies, procedures, processes, and reporting.
The AVP adheres to regulations and organizational policies, maintaining awareness and knowledge required to perform the duties of the position, including all aspects of the Bank Secrecy Act and related regulations, such as OFAC, and the USA Patriot Act, Fair Lending, and Information Security.
A day in your life might include:
Enterprise Risk Management Program
Identifies key emerging risks, assesses their potential impact on SECU, and discusses risk mitigation with appropriate business units.
Ensures that SECUs various planning processes consider the risks of key products, processes, and strategies.
Develops and maintains organizational EORM playbooks, policies, procedures, process-flows and reference material to ensure all processes are documented, organized, and scaled to current and future state.
Develops comprehensive risk analytics, reporting, and presentations for all EORM program areas, including risk appetite metrics development.
Coordinates and facilitates training to all levels of the organization on the EORM program, ensures program documentation is accurate and up to date.
Supports remediation efforts of audit, exam, compliance, and issues management findings.
Business Continuity Program
Evaluates and recommends various business continuity strategies, plans, and programs.
Identifies key emerging risks, assesses their potential impact on SECU, and discusses risk mitigation with appropriate business units.
Ensures that SECUs various business continuity planning processes consider the risks of key products, processes, and strategies.
Coordinates and facilitates business continuity meetings and tabletop exercises.
Presents tabletop exercise and risk assessment results to senior leadership.
Leads updates to business continuity risk assessments.
Coordinates and facilitates annual training, program reviews and ensures program documentation is accurate and up to date.
Third-Party Risk Management
Develop and maintain a comprehensive Third-Party Risk Management (TPRM) framework.
Ensure third-party compliance with legal, regulatory, and internal policy requirements.
Establish governance models, policies, and procedures for vendor oversight.
Provides support to initial and ongoing vendor due diligence reviews, documents collection/retention and risk rating of vendors.
Implement and monitor controls and testing programs to validate vendor compliance and performance, drive continuous improvement.
Identify and mitigate third-party risks, establish enhanced oversight for critical and high-risk vendors.
Lead Third-Party Risk Management Reporting.
Corporate Insurance
Establish and maintain a framework to manage and evaluate corporate insurance programs.
Oversee end-to-end insurance claims management, serving a central liaison between insurers, brokers and SECU.
Lead all aspects of annual corporate insurance renewal cycles.
Assess emerging risks and coverage needs, monitor and evaluate performance and recommendations to risk transfer strategies.
Additional Responsibilities may include:
Interact and support CUSO partners and credit union partners
Serves on various projects and performs other duties as assigned
Education Requirements
Bachelors degree required.
Advanced Degree in Business Administration, Banking, Finance, and/or Law preferred.
Experience and Business Acumen Requirements
6-9 years experience in governance, risk, or compliance roles in a financial institution or regulatory oversight, bank examiner roles within a regulatory agency.
Experience with risk analytics and reporting platforms preferred, developing and running reports, incorporating them into dashboards and executive-level reporting.
Must have seasoned experience with Microsoft programs including Word, Excel, Powerpoint, and Outlook.
Must be experienced in financial institution risk management practices, preferably in a credit union.
Prioritizes tasks effectively to support team goals and organizational timelines.
Applies critical thinking to troubleshoot issues and escalate concerns when appropriate.
Understands the importance of confidentiality, compliance, and ethical behavior in daily responsibilities.
Takes personal responsibility for decisions, actions, failures and overall deliverable.
Utilizes oral and written communication to enhance relationships across the organization.
Clearly communicates information, thoughts and ideas in a clear, concise and organized manner.
Relates comfortably with people across levels, functions, culture, and geography.
Possesses a clear understanding of strengths, limitations, emotions, beliefs, and motivations of self and others.
Maintains composure and effectiveness when experiencing major changes in work tasks or the work environment.
Adjusts effectively to work within new work structures, processes, requirements, or cultures.
Maintains professionalism in communication, behavior, and representation of SECU.
Demonstrates an understanding of SECUs culture, core values, mission and strategic priorities as it relates to ones work and overall performance.
Physical Requirements
Must be able to remain in a stationary position, often standing or sitting for prolonged periods
Must be able to lift up to 25 pounds
Compensation Information: Offers will be commensurate with experience and education.
Salary: Min. $142,000 Max. $200,000

Other Compensation Includes:
Annual corporate-wide incentive

We provide comprehensive benefits, with a focus on total well-being:
Medical, vision, dental benefits
401k plan with company matching
Generous sick, vacation and personal leave
And more...2026 SECU Benefits Guide

SECU is committed to fostering a diverse, equitable, and inclusive workforce where all individuals are valued and respected. We take pride in providing equal opportunities for all qualified applicants regardless of race, ethnicity, national origin, gender, sexual orientation, gender identity or expression, religion, military or veteran status, or any other characteristics protected by law.

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