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

Risk Management Associate

Richmond, VA · On-site

$45K - $50K/yr

  • Medical

  • Retirement

Support Risk Management department with issuance and maintenance of certificates of insurance. Assists Risk Management department with processing and maintaining contracts. Supports Risk Management ...

Insurance Management Specialist

Richmond, VA

$63K - $107K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Provide administrative and analytical support to the Corporate Insurance Manager in the management of the captive insurance program. * Support additional risk management duties as assigned by the ...

Showing results 41-60

Insurance Risk Manager information

See Richmond, VA salary details

$81.6K

$120.2K

$184.1K

How much do insurance risk manager jobs pay per year?

As of Aug 17, 2026, the average yearly pay for insurance risk manager in Richmond, VA is $120,246.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,000.00 and $136,600.00 per year, depending on experience, location, and employer.

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 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 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 August 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 $120,246 per year, or $57.8 per hour.

Senior Risk Associate, Upmarket & Discover Card - Card Risk(Hybrid)

Capital One

Richmond, VA • On-site

Full-time

Re-posted 27 days ago


Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 147 frontline employees who took The Breakroom Quiz

91st of 171 rated banks


Job description

Senior Risk Associate, Upmarket & Discover Card - Card Risk(Hybrid)
Capital One is seeking highly motivated Senior Risk Associates interested in supporting and learning about dedicated risk advisory for the Upmarket and Discover Card business segments. Our Senior Risk Associates function as key partners in supporting high visibility and critical risk management activities across multiple lines of defense, such as product and process risk assessments, audits and exams, new intent delivery, control advisory, and more.
Ideal candidates will demonstrate ownership in executing these risk management activities, with the support and guidance of an experienced vertical risk manager, and possess a growth mindset and willingness to experience and learn new activities.
Here's what we're looking for in an ideal teammate:
  • You are a learner who seeks to understand a business area, its processes, risks and control environment
  • You challenge the status quo but move quickly to pragmatic solutions
  • You create energy and an environment that fosters trust, collaboration, and belonging
  • You possess a relentless focus on quality and timeliness
  • You adapt to change and are intellectually curious. You like to ask questions and test assumptions
  • You have the capacity to deliver high quality work and effectively prioritize within a dynamic environment
  • You demonstrate strong organizational and communication skills
  • You develop influential relationships based upon shared risk objectives
  • You do the right thing and lead by example

Responsibilities:
  • Directly support vertical risk managers and accountable executives for the Upmarket and Discover Card business segments
  • Execute critical risk management activities both with and independent of the vertical risk manager
  • Coordinate, influence, and negotiate priorities with teams to ensure well managed goals/timelines are met; escalating when appropriate
  • Establish strong interaction models and relationships to collaborate and consult with key stakeholders
  • Collect data and information and use analytics and reporting to develop risk transparency to senior leadership and executives
  • Develop strong business acumen to appropriately represent the business to 2nd and 3rd line of defense partners
  • Develop and maintain formal process documentation including procedures, playbooks, and process flow diagrams that demonstrate the well managed infrastructure

Basic Qualifications:
  • High School Diploma, GED or equivalent certification
  • At least 1 year of experience in financial services, project or process management, or combination

Preferred Qualifications:
  • Bachelor's Degree or military experience
  • 2+ years of experience in project or process management
  • 1+ years of experience in risk management
  • 2+ years of experience in presentation or communication
  • 1+ years of experience in change management

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: $96,500 - $110,100 for Sr. Risk Associate
Richmond, VA: $87,700 - $100,100 for Sr. Risk Associate
Riverwoods, IL: $87,700 - $100,100 for Sr. Risk Associate
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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