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

Bachelor's degree in Security Management, Risk Management, Emergency Management, Criminal Justice ... Comprehensive benefits package including wellness programs, parental leave, and pet insurance, in ...

Manage work queues, requests, and workflow activities using ServiceNow. * Gather technology control evidence for internal and external audits. * Coordinate with technology and risk management teams ...

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Insurance Risk Manager information

See Baltimore, MD salary details

$82K

$120.7K

$184.8K

How much do insurance risk manager jobs pay per year?

As of Sep 8, 2026, the average yearly pay for insurance risk manager in Baltimore, MD is $120,727.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,400.00 and $137,100.00 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 Baltimore, MD?

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

What job categories do people searching Insurance Risk Manager jobs in Baltimore, MD look for?

The top searched job categories for Insurance Risk Manager jobs in Baltimore, MD are:

What cities near Baltimore, MD are hiring for Insurance Risk Manager jobs?

Cities near Baltimore, MD with the most Insurance Risk Manager job openings:

Infographic showing various Insurance Risk Manager job openings in Baltimore, MD as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 84% Physical, 1% Hybrid, and 15% Remote job distribution, with an average salary of $120,733 per year, or $58 per hour.

Sr Management, Technology Compliance and Risk

Owings Mills, MD • Hybrid

T Rowe Price
Funds, Trusts and Financial Programs • 5 - 10K employees

Full-time

Re-posted 3 days ago


Key responsibilities

  • Manage, govern, and consult on technology controls, regulatory requirements, and organizational mandates.

  • Perform risk assessments, monitor and report policy and controls compliance, and lead audit and compliance activities.

  • Coordinate with technology and risk management partners to track and remediate control gaps or findings.


T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz


Job description

Role Summary

In this role you will manage, govern, and consults in accordance with the policies, procedures, service-level agreements, operating principles and standards relating to technology controls, regulatory requirements, and organizational mandates. You'll also act as an advisor to management and key external partners on broad-ranging projects.

Do you have specialized knowledge and expertise in infrastructure governance and deep experience integrating knowledge in related disciplines? Can you lead disciplinary or multi-functional programs of notable risk and use sophisticated analytical thought to identify creative solutions? Are you capable of assuming accountability for your own work as well as others; and for setting standards around which others will operate? Are you a self-starter who is capable of working independently with guidance in only the most complex situations? If this describes you, we encourage you to apply.

Responsibilities

  • Performs risk assessments, monitors and reports policy and controls compliance
  • Facilitates and leads audit and compliance activities of high complexity or across multiple business units, including gathering technology controls evidence
  • Prepares materials for external audiences and delivers review sessions
  • Coordinates with technology and risk management partners to track and remediate control gaps or findings
  • Provides guidance relative to standard methodologies and process alignment with governance controls to associates at all levels across GT
  • Leads small multi-functional team for specific projects
  • Decomposes the most complex problems into discrete work units
  • Makes sound decisions with limited facts or resources
  • Recommends broad process improvements
  • Delivers controlled processes with focus on risk management and mitigation
  • Recommends new controls and processes as technologies, risks, and regulations evolve
  • Mentors other members of the team
  • Provides feedback and coaching to others who have management responsibility of resources
  • Actively helps team members make suggestions to improve practices
  • Participates in interviews for new team members

Business Knowledge:

  • Promotes technology policy and controls awareness and alignment with industry standard methodologies
  • Able to work directly with business partners across the enterprise
  • Makes decisions that show focus on current and future business and technology priorities, including key risks and technology controls

Qualifications

Required:

  • Typically requires 6+ years of relevant experience
  • Knows the latest best-of-breed technologies including cloud, SaaS, AI/GAI
  • Maintains knowledge of regulations, governance risk and controls technologies, standard methodologies, and industry trends
  • Identifies impacts across teams and coordinates to manage dependencies and potentially competing priorities

Preferred:

  • Experienced in leading technology audits and risk assessments
  • External audit experience such as SOC 1, SOC 2, and Sarbanes Oxley (SOX), including Information Technology General Controls (ITGC's).
  • Certifications in relevant technology governance, risk, and control areas - e.g., CISA, CISM, CRISC, CGRC, CISSP
  • Financial services experience, including various industry regulations impacting Technology

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to three days per week from home.


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