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

T Rowe Price

Senior Equity Risk Manager

Baltimore, MD · On-site

Role Summary The Senior Equity Risk Manager position is an important role within Investment Risk at T. Rowe Price. The Investment Risk team, which is part of the firm's Enterprise Risk Group ...

Amazon

Risk Manager II - AMZ9442240

Arlington, VA · On-site

$82K - $129K/yr

Risk Manager II Job Location: Arlington, Virginia Job Number: AMZ9442240 Position Responsibilities ... Amazon also offers comprehensive benefits including health insurance (medical, dental, vision ...

UHS

MGR - RISK MGMT

Washington, DC · On-site

The Risk Manager is responsible for coordinating the loss control efforts and advising management ... Knowledge of insurance and loss control theory and practice in a health-care environment

UHS

MGR - RISK MGMT

Washington, DC · On-site

The Risk Manager is responsible for coordinating the loss control efforts and advising management ... Knowledge of insurance and loss control theory and practice in a health-care environment

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All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Columbia, MD

Insurance Risk Manager information

See Columbia, MD salary details

$81.2K

$119.6K

$183.1K

How much do insurance risk manager jobs pay per year?

As of Jun 8, 2026, the average yearly pay for insurance risk manager in Columbia, MD is $119,602.00, according to ZipRecruiter salary data. Most workers in this role earn between $99,400.00 and $135,800.00 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 job categories do people searching Insurance Risk Manager jobs in Columbia, MD look for? The top searched job categories for Insurance Risk Manager jobs in Columbia, MD are:
What cities near Columbia, MD are hiring for Insurance Risk Manager jobs? Cities near Columbia, MD with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Columbia, MD as of May 2026, with employment types broken down into 2% As Needed, 42% Full Time, 42% Part Time, 13% Contract, and 1% Nights. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $119,602 per year, or $57.5 per hour.

Operational Risk Manager (AVP)

Amalgamated Bank of NY

Washington, DC • On-site

$90K - $110K/yr

Full-time

Posted 6 days ago

Job description

This role will reside within the Firm’s Enterprise Risk Management Department. As an Assistant Vice President (AVP) in the second line of defense, you will support independent oversight and effective challenge across the Enterprise’s operational and model risk profiles. The role partners closely with the 1st Line of Defense to support risk identification, control design, and remediation execution, while helping to promote alignment to the Bank’s risk appetite, policies, and regulatory expectations. Key responsibilities include:

Essential Job Functions:

1. Operational Risk Management (2nd Line Oversight):

a. Support the ongoing enhancement and governance of the operational risk framework, including policies, standards, procedures, and methodologies to identify, assess, monitor, and manage operational risk exposures.

b. Facilitate and support effective challenge to risk and control self-assessments (RCSAs) conducted by the 1st LoD and other stakeholders, helping to ensure assessments are timely, risk-based, consistently executed, and appropriately documented.

c. Support risk awareness through training, guidance, and coaching for 1st LoD stakeholders across Functions, promoting adherence to policy requirements and consistent application of risk standards and best practices.

d. Partner with business and control functions to support the development, execution, and sustainability of risk mitigation plans and control enhancements; monitor progress and raise concerns when remediation is not effective or timely.

e. Assist with analyzing operational risk trends, events, and emerging issues; contribute to management reporting and recommendations to help strengthen the control environment.

f. Support monitoring of applicable regulatory requirements and industry standards related to operational risk management, and assist with regulatory exams and information requests.

g. Contribute to activities supporting the Bank’s operational risk appetite, tolerances, and limits; help assess business activities against those parameters and provide input on risk treatment options.

h. Support scenario analysis and related analytics used to evaluate tail risk (adverse and severely adverse), and help communicate key assumptions, limitations, and outcomes to stakeholders.

  1. Risk Governance and Reporting:

a. Support risk governance processes, including policy adherence, issue management, and committee routines; provide guidance to stakeholders on governance expectations and control standards.

b. Prepare and update risk reporting and governance materials for senior management and other stakeholders, translating risk information into clear themes, drivers, and proposed actions.

c. Coordinate with Internal Audit, Compliance, Legal, and other stakeholders to support examinations and audits, respond to findings, and help track risk issues through remediation and closure.

  1. Risk Measurement and Reporting:

a. Support the maintenance of key risk indicators (KRIs), metrics, and thresholds to monitor risk profile changes; help validate data quality and support alignment to risk appetite.

b. Assist with periodic risk reporting for senior management and other stakeholders, highlighting key risks, control gaps, remediation status, and thematic insights.

Knowledge, Skills and Experience Requirements:

Required

  1. Bachelor’s degree or equivalent experience.
  2. 5+ years of experience in Operational risk/Enterprise Risk Management in financial services industry.
  1. Excellent communication skills, both verbal and written, and an ability to present ideas concisely and persuasively communications skills.
  2. Demonstrated ability to think strategically and align risk management initiatives with organization’s goals and objectives.
  3. Ability to influence the thinking of, or gain acceptance from, others in sensitive situations, without damage to relationships.
  1. Demonstrate strong relationship building, business judgment, problem identification and problem resolution skills.
  1. Demonstrated experience in responding to regulatory requests.
  2. Knowledge of risk management frameworks, risk taxonomies and methodologies.
  1. Experience within a financial institution.

Desired

  1. Knowledge of GRC software solutions.
  2. Knowledge of Model Risk Management.
  3. Industry certifications in Risk Management.


Our job titles may span more than one career level. The starting base salary for this role is between $90,000 – $110,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

Hybrid Work Model
Effective February 18, 2025, employees in office-based positions will be working a Hybrid work schedule consisting of three days or more, on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, the contact center, branch service roles, and general services where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance does not apply to roles that have been designated as “remote”.

Search Firm Representatives- Please Read Carefully
Amalgamated Bank does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for the position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.