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

Risk Manager Enterprise Risk Management (ERM) is seeking a Risk Manager to join Capital One's Control Methodology Team. The Risk Manager will have the opportunity to apply their risk management and ...

Risk Manager Capital One's Enterprise Risk Management (ERM) Team has responsibility for helping the overall organization identify, manage, and mitigate key risks that may keep the company from ...

Insurance Program Support * Develop working knowledge of ODEC's property and liability insurance ... Minimum of 10 years of risk management, finance, power supply, investment, or derivative trading ...

Supervisory Risk Manager

Richmond, VA · On-site

$90K - $160K/yr

... insurance, and paid-time off. * Leaders who support your development through coaching and managing ... Risk Management, Strategic Thinking Additional Job Details Address: 250 NICOLLET MALL:MINNEAPOLIS ...

Senior Risk Manager Capital One's Enterprise Risk Management (ERM) Team has responsibility for helping the overall organization identify, manage, and mitigate key risks that may keep the company from ...

Manager, Risk Advisor Do you want to be part of an organization that's dedicated to helping Capital One identify, manage and effectively mitigate risk? Can you build relationships and employ ...

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Insurance Risk Manager information

See Richmond, VA salary details

$82K

$120.8K

$184.9K

How much do insurance risk manager jobs pay per year?

As of Jul 27, 2026, the average yearly pay for insurance risk manager in Richmond, VA is $120,780.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,400.00 and $137,200.00 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 are popular job titles related to Insurance Risk Manager jobs in Richmond, VA? For Insurance Risk Manager jobs in Richmond, VA, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Richmond, VA look for? The top searched job categories for Insurance Risk Manager jobs in Richmond, VA are:
What cities near Richmond, VA are hiring for Insurance Risk Manager jobs? Cities near Richmond, VA with the most Insurance Risk Manager job openings:
Infographic showing various Insurance Risk Manager job openings in Richmond, VA as of July 2026, with employment types broken down into 91% Full Time, 2% Part Time, and 7% Contract. Highlights an 85% In-person, and 15% Remote job distribution, with an average salary of $120,780 per year, or $58.1 per hour.
Risk Manager

Risk Manager

Capital One

Richmond, VA • On-site

Full-time

This job post has expired today. Applications are no longer accepted.


Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 145 frontline employees who took The Breakroom Quiz

91st of 170 rated banks


Job description

Risk Manager

Enterprise Risk Management (ERM) is seeking a Risk Manager to join Capital One's Control Methodology Team. The Risk Manager will have the opportunity to apply their risk management and analytical skills to some of our highest profile Risk Management initiatives, including implementing solutions to ensure Capital One's continued stability and success.


The Risk Manager will play a key role in the ongoing management of our Enterprise Independent Risk Management (IRM) Control Challenge Program. This role is also responsible for contributing to the development of strategic enhancements to other risk management processes. The ideal candidate will be a highly motivated risk professional with excellent analytical, process improvement, and communication skills. The Risk Manager will have exposure across both the first and second lines of defense, and the opportunity to work with leadership to create and implement innovative solutions to identify and mitigate potential risks to Capital One.

Responsibilities:

  • Drive ongoing adherence to our Independent Risk Management (IRM) Control Challenge methodology, and support IRM Groups by providing guidance and tools

  • Manage the Primary IRM Designee process, partnering with other IRM Groups to establish oversight of controls, as well as provide transparency to Impacted IRM Groups

  • Lead and participate in communication and engagement forums

  • Monitor adherence to the methodology to identify potential training or methodology update needs

  • Monitor progress, and support reporting and analysis of IRM Control Challenge

  • Collaborate internally and with our risk community (e.g. IRM groups, business risk offices, front line process owners) to mature our risk practice methodologies and advance learning

  • Develop practical solutions to improve risk management processes using data and technology

  • Participate in and execute other special projects for the team on a periodic basis

Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 2 years of experience in process, program or quality management

  • At least 4 years of experience in Risk Management

Preferred Qualifications:

  • 5+ years of experience in process management

  • 3+ years of experience in responding to and interacting with internal audit or regulatory agencies

  • Strong subject matter expertise in controls development, controls management, controls testing, and reporting activities

  • Experience working in an iterative, highly collaborative environment

  • Experience working in the financial services industry

  • Experience with Governance, Risk, and Compliance software tools

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

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

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 theCapital 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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