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Insurance Risk Manager Jobs in Cleveland, OH (NOW HIRING)

PNC Bank

LOB Risk Specialist Sr

Strongsville, OH · On-site

$55K - $141.70K/yr

Executes the Line of Business Risk Management program, identifying opportunities for enhancement ... This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act ...

FM

Business Risk Consultant

Cleveland, OH · On-site

$121K/yr

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management ...

FM

Business Risk Consultant

Cleveland, OH · On-site

$121K - $173K/yr

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management ...

PNC Bank

LOB Risk Specialist Sr

Cleveland, OH · On-site

$55K - $141.70K/yr

Executes the Line of Business Risk Management program, identifying opportunities for enhancement ... This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act ...

Robert Half

Risk Assistant

Independence, OH · On-site

$20.90 - $24.20/hr

... Management with onboarding newly acquired or opened business locations by coordinating insurance ... maintain risk-related correspondence and administrative records, including document retention ...

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Insurance Risk Manager information

See Cleveland, OH salary details

$80K

$117.9K

$180.4K

How much do insurance risk manager jobs pay per year?

As of May 28, 2026, the average yearly pay for insurance risk manager in Cleveland, OH is $117,876.00, 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 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 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 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 Cleveland, OH? For Insurance Risk Manager jobs in Cleveland, OH, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Cleveland, OH look for? The top searched job categories for Insurance Risk Manager jobs in Cleveland, OH are:
What cities near Cleveland, OH are hiring for Insurance Risk Manager jobs? Cities near Cleveland, OH with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Senior Manager, Technology Compliance

Senior Manager, Technology Compliance

KeyBank

Brooklyn, OH • On-site

Full-time

Posted 9 days ago

KeyBank rating

8.2

Company rating: 8.2 out of 10

Based on 89 frontline employees who took The Breakroom Quiz

38th of 141 rated banks

Job description

Location:
4910 Tiedeman Road, Brooklyn Ohio
About the Job
The Senior Manager, Technology Compliance is a strategic leader responsible for overseeing KeyBank's compliance with applicable state and federal banking laws, regulations, and supervisory expectations as they relate to technology, digital platforms, and emerging innovations. This role partners closely with Risk, Technology, Legal, Operations, Product, Internal Audit, and Regulatory Relations to ensure KeyBank's technology initiatives-including AI/ML use cases, automation, cloud-enabled services, digital channels, and blockchain/crypto-adjacent capabilities-operate within Key's risk appetite and regulatory framework.
The ideal candidate brings strong regulatory compliance and enterprise risk management expertise, deep understanding of technology governance, and proven experience building and maturing compliance programs in a large, regulated financial institution. This leader will shape the technology compliance strategy, develop a growing team, and provide oversight of emerging technology risks, all while demonstrating a growth mindset, strong emotional intelligence, and a highly collaborative approach.
Essential Job Functions
Regulatory & Compliance Oversight
  • Provide second-line oversight of technology initiatives to ensure compliance with federal and state banking regulations, including but not limited to OCC, Federal Reserve, FDIC, CFPB, FFIEC guidance, GLBA (non-security provisions), UDAAP, E-SIGN, Model Risk Management (SR 11-7), and emerging regulatory expectations for AI and digital innovations.
  • Monitor and interpret regulatory developments affecting technology, digital banking, automation, AI/ML, and distributed ledger/crypto-adjacent activities; translate regulatory expectations into actionable guidance for Technology and Product partners.
  • Support preparation for, and response to, regulatory exams, supervisory engagements, and internal audits related to technology governance and compliance.

Technology Compliance Program & Governance
  • Lead the strategy and ongoing maturity of KeyBank's technology compliance program, ensuring alignment with enterprise risk management (ERM) frameworks, risk appetite, and operational risk standards.
  • Establish governance routines (e.g., review committees, advisory boards) to evaluate and oversee compliance considerations for emerging technology initiatives.
  • Review and challenge first-line risk assessments, technology change proposals, model documentation, AI/ML implementations, automation solutions, and digital product enhancements.
  • Partner with Legal and Technology to ensure compliance requirements are incorporated into technology planning, vendor evaluations, contract language, and business decisions.

Emerging Technology Risk Oversight
  • Provide expertise and oversight of risks associated with:
    • AI/ML and algorithmic decisioning (fair lending, model transparency, explainability, governance).
    • Digital assets, crypto, and blockchain-adjacent use cases, including regulatory expectations from OCC, SEC, FinCEN, and state regulatory bodies.
    • Automation, digital channel operations, cloud-native technology workflows, and end-user computing.
  • Work with Model Risk Management (MRM) on compliance considerations for AI/ML models, including alignment with SR 11-7 and responsible AI principles.

Team Leadership & Collaboration
  • Build, mentor, and develop a high-performing technology compliance team; establish scalable processes, documentation standards, and reporting mechanisms.
  • Foster strong working relationships across Technology, Risk, Legal, Product, Internal Audit, and Regulatory Relations to ensure transparency and timely issue resolution.
  • Exert influence without authority; facilitate compliance awareness and provide practical, risk-based guidance to stakeholders at all levels.
  • Promote a culture that values innovation while maintaining disciplined risk management.

Risk Identification, Monitoring & Reporting
  • Identify, evaluate, and escalate technology-related compliance risks in accordance with enterprise policies.
  • Monitor metrics, KRIs, and emerging themes related to technology compliance, reporting regular updates to senior leadership and applicable risk committees.
  • Provide challenge to issue remediation plans and ensure timely, sustainable corrective actions.

Required Qualifications
  • Bachelor's degree or equivalent experience in business, risk management, law, technology, or related fields.
  • Minimum 8 years of experience in compliance, operational risk, technology risk, or related functions within a
  • Strong working knowledge of federal and state regulated financial institution. banking regulations, including OCC, FRB, FDIC, CFPB, FFIEC guidance, UDAAP, and regulatory expectations for technology and model risk.
  • Proven expertise overseeing technology governance, digital banking compliance, AI/ML or emerging technology risk, or similar areas.
  • Demonstrated experience providing credible challenge, writing regulatory-quality documentation, and interacting with examiners or internal audit teams.
  • People leadership experience, with ability to build and develop high-performing teams.
  • Strong emotional intelligence, collaborative approach, and ability to influence cross-functional teams.
  • Self-starter with a growth mindset, proactive problem-solving skills, and comfort working in fast-moving environments.

Preferred Qualifications
  • Advanced degree (JD, MBA, MS Risk, or similar).
  • Experience in financial services compliance involving AI/ML governance, digital assets, or innovative financial technologies.
  • Understanding of risk management disciplines including operational risk, issue management, RCSA processes, vendor/third-party risk (non-security focus), and business continuity.
  • Experience working with or overseeing technology-driven initiatives (e.g., automation, cloud workflows, digital platform enhancements).
  • Professional certifications such as CRCM, CAMS, CRISC, or similar compliance/risk credentials.
  • Ability to translate complex regulatory requirements into practical, actionable guidance for non-compliance partners.

COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $116,000.00 - $216,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 06/20/2026KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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About KeyBank

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Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849

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