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Insurance Risk Manager Jobs in Midlothian, VA (NOW HIRING)

This role involves collaborating with various departments to manage AI-related risks effectively ... Truist offers medical, dental, vision, life insurance, disability, accidental death and ...

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Insurance Risk Manager information

See Midlothian, VA salary details

$78.2K

$115.1K

$176.2K

How much do insurance risk manager jobs pay per year?

As of Sep 8, 2026, the average yearly pay for insurance risk manager in Midlothian, VA is $115,106.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,700.00 and $130,700.00 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 job categories do people searching Insurance Risk Manager jobs in Midlothian, VA look for?

The top searched job categories for Insurance Risk Manager jobs in Midlothian, VA are:

What cities near Midlothian, VA are hiring for Insurance Risk Manager jobs?

Cities near Midlothian, VA with the most Insurance Risk Manager job openings:

Infographic showing various Insurance Risk Manager job openings in Midlothian, VA as of August 2026, with employment types broken down into 1% As Needed, 69% Full Time, 22% Part Time, 3% Temporary, and 5% Contract. Highlights an 84% Physical, 1% Hybrid, and 15% Remote job distribution, with an average salary of $115,106 per year, or $55.3 per hour.

Manager, Risk Management (Global Payments Network)

Capital One National Association

Richmond, VA • On-site

$150 - $200/hr

Other

Posted 16 days ago


Key responsibilities

  • Partner with leadership to design and implement a process health program for the Global Network, ensuring alignment with risk and regulatory requirements.

  • Manage the execution of reporting on the health of Network processes, identifying and resolving gaps, risks, and inconsistencies for leadership review.

  • Advise and consult with Business Partners to develop process excellence and communicate areas of risk exposure to leadership.


Job description

We are seeking a Manager of Risk Management to serve as a strategic partner to the business during a pivotal time of transformation. Risk Managers at Capital One are highly motivated Risk Management professionals with excellent organizational and communication skills. They have a high level of exposure across business teams and have the opportunity to work with Executives to create and implement innovative solutions to identify and mitigate potential risks to the Company.

As a Risk Manager for the Global Payment Network, you will drive strategy and execution on complex program design, confirming that our rapid evolution is met with robust governance, control, and process excellence.

Responsibilities:
  • Continuous Improvement Foundation: Partner with leadership to design and drive the implementation of a new, comprehensive process health program for the integrated Global Network, ensuring it aligns with enterprise risk and regulatory requirements.
  • Process Integration & Execution: Manage the day-to-day execution of delivering robust storytelling and visibility about the health of the Network processes, with a focus on contextualizing this work in a format that is digestible and actionable for Accountable Executives. Work to identify and resolve gaps, risks, and inconsistencies.
  • Advisory: Advise and consult with Business Partners to help develop and implement processes excellence across the Network L2s, and to highlight and communicate areas of risk exposure to leadership.
  • Process Re-engineering: Analyze existing workflows to identify inefficiencies; lead process improvement initiatives (e.g., Lean/Six Sigma) to optimize the speed and quality of risk deliverables.
  • Cross-Functional Delivery: Manage, implement, and deliver on key program deliverables and horizontal processes, coordinating across Business, Product, Legal, and Compliance teams.
Basic Qualifications:
  • Bachelor's Degree or military experience.
  • At least 3 years of Financial Services Risk Management Experience (specifically within Payments, Banking, or Fintech).
  • At least 5 years of experience supporting, partnering, and interacting with internal business clients.
Preferred Qualifications:
  • At least 5 years of experience leading cross-functional projects and programs in Risk
  • At least 5 years of Financial Services risk management experience
  • Experience supporting payments and/or integration efforts.

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

McLean, VA: $151,900 - $173,400 for Risk Manager

Richmond, VA: $138,100 - $157,700 for Risk Manager

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please.

Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com.

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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