Insurance Risk Manager Jobs in Baltimore, MD (NOW HIRING)

CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $6+ billion in assets by 2026. With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service. Recognized as a “Best Place to Work” by the Baltimore Business Journal across multiple years, we’re intentional about creating an environment where people feel valued, supported, and excited about work each day. Our goal is simple: to make every team member feel that choosing CFG Bank was one of the best decisions of their career. Join us and experience what sets CFG Bank apart.

The Senior Internal Audit and Risk Manager plays a pivotal role in overseeing internal audit and enterprise risk management functions within the financial services sector. This position is responsible for maintaining the integrity of financial operations, ensuring regulatory compliance, and strengthening risk governance. Success in this role requires deep expertise in financial regulations, internal controls, and risk frameworks, along with a demonstrated ability to lead complex audits and risk assessments in a dynamic, regulated environment.

• Develop and execute, with our Internal Audit partner, a comprehensive, riskbased internal audit plan aligned with financial services regulations (e.g., FFIEC, SOX, Basel III).
• Lead audits across business units including lending, investments, treasury, operations, and compliance.
• Evaluate the effectiveness of internal controls over financial reporting and operational processes.
• Ensure audit practices comply with IIA standards and regulatory expectations.
• Oversee the enterprise risk management (ERM) framework, including identification, assessment, and monitoring of key financial, operational, and compliance risks.
• Collaborate with business leaders to develop and implement risk mitigation strategies.
• Monitor emerging risks such as regulatory changes and market volatility.
• Ensure adherence to financial regulations including FDIC, OFR, FRB and other applicable bodies.
• Support regulatory examinations and liaise with internal audit partners and external auditors.
• Maintain uptodate knowledge of industry trends, regulatory developments, and best practices.
• Present audit findings, risk assessments, and control recommendations to senior management and the audit committee.
• Prepare highquality reports that clearly articulate issues, root causes, and actionable recommendations.
• Serve as a trusted advisor to business units on risk and control matters.
• Manage and mentor our internal auditor partners and internal audit staff.
• Promote a culture of accountability, transparency, and continuous improvement.
• Lead training and awareness initiatives on risk and control topics.
QUALIFICATIONS AND REQUIREMENTS:
• Bachelor’s degree in Accounting, Finance, Business, or a related field; Master’s degree preferred.
• Professional certifications such as CPA (Certified Public Accountant), CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor), or CRMA (Certification in Risk Management Assurance) strongly preferred.
• Minimum of 7 years of progressive experience in internal audit and risk management within the financial services industry.
• Indepth understanding of financial products, banking operations, and regulatory frameworks including SOX, Basel III, and FFIEC guidelines.
• Proficiency in audit and risk management software; experience with data analytics tools such as Power BI is a plus.
• Strong analytical skills, with excellent communication and stakeholder engagement capabilities.
• Experience with digital banking, fintech, or investment services.
• Familiarity with risk modeling, stress testing, and scenario analysis.
• Ability to influence senior stakeholders and drive change in a regulated environment.

WORK ENVIRONMENT: We offer a hybrid schedule, with 4 days in-office and 1 day remote after the initial 90-day period.

COMPENSATION DISCLOSURE: In accordance with Maryland's Equal Pay for Equal Work Act, we are committed to providing transparent wage information for all posted job opportunities. The wage range for this position is $175,000-$195,000. Compensation is determined based on factors such as Experience, Qualifications, and Internal equity.

BENEFITS AND ADDITIONAL COMPENSATION:

Additionally, this position includes a comprehensive benefits package and other forms of compensation, including:

• Employerprovided health benefits: medical insurance, dental and vision insurance, disability insurance, life insurance, mental health support services, and comprehensive wellness program
• Paid time off: vacation days, sick leave, volunteer days
• Retirement plan: 401(k) with employer match
• Other compensation elements: Discretionary annual bonus and overtime pay for nonexempt positions

EOE STATEMENT: CFG Bank is an Equal Opportunity Employer as to all protected groups, including protected veterans and individuals with disabilities. If you require accommodations during the application process, please contact TalentAcquisition@cfg.bank.

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