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Insurance Risk Manager Jobs in Severna Park, MD (NOW HIRING)

Risk Senior Manager

Baltimore, MD · On-site

  • Medical

  • Retirement

  • PTO

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong focus on security-related consulting, including SOC (SSAE 18), ISO/IEC 27001, and ISO/IEC 42001 ...

Risk Senior Manager

Columbia, MD · On-site +1

  • Medical

  • Retirement

  • PTO

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong focus on security-related consulting, including SOC (SSAE 18), ISO/IEC 27001, and ISO/IEC 42001 ...

Risk Senior Manager

Columbia, MD · On-site

  • Medical

  • Retirement

  • PTO

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong focus on security-related consulting, including SOC (SSAE 18), ISO/IEC 27001, and ISO/IEC 42001 ...

Showing results 41-60

Insurance Risk Manager information

See Severna Park, MD salary details

$83.1K

$122.3K

$187.3K

How much do insurance risk manager jobs pay per year?

As of Aug 18, 2026, the average yearly pay for insurance risk manager in Severna Park, MD is $122,346.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,700.00 and $139,000.00 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 Severna Park, MD look for?

The top searched job categories for Insurance Risk Manager jobs in Severna Park, MD are:

What cities near Severna Park, MD are hiring for Insurance Risk Manager jobs?

Cities near Severna Park, MD with the most Insurance Risk Manager job openings:

Infographic showing various Insurance Risk Manager job openings in Severna Park, MD as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution, with an average salary of $122,346 per year, or $58.8 per hour.

Sr. Manager , Enterprise Risk Management

T Rowe Price

Baltimore, MD • Hybrid

Full-time

Re-posted 14 days ago


T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz


Job description

Role Summary

We are seeking an Enterprise Risk Management Senior Manager to join the Enterprise Risk team. This exciting role provides independent oversight of the Enterprise Risk Framework as well as the supporting programs and policies. The Enterprise Risk Senior Manager works with the second line Business Line Risk teams to increase knowledge, awareness and training of the ERM Framework and Polices and assists them with the Business execution of these programs. The position interacts with all levels of management and senior level executives; therefore, exceptional interpersonal and communication skills are essential.

The successful candidate will report into the Global Head of ERM, who reports directly into the Chief Risk Officer. Candidates must demonstrate strong initiative and be capable of managing multiple and diverse assignments.

Responsibilities

  • Assists the second line Business Line Risk teams with the identification, assessment, and mitigation of risks, including developing and coordinating the design/revision of templates supporting the risk activities

  • Strengthen Risk governance and oversight through enhancing policies, routines, or programs to ensure consistency and aggregation

  • Improves awareness of the firm's ERM Risk Framework and Risk policies, as well as strong industry risk oversight practices

  • Assists in identifying, aggregating, and assessing emerging risks facing the enterprise

  • Contributes to efforts developing a strong organizational risk culture and further develop the function's effectiveness as a second line of defense for the business or legal entity.

  • Assists in drafting and facilitating risk materials for various risk meetings and committees

Qualifications

Required:

  • Bachelor's degree or the equivalent combination of education and relevant experience

  • 8+ years of relevant experience in risk management, financial services, or related field

Preferred:

  • Risk management experience in a large financial services organization or management consultancy

  • Comprehensive knowledge of the end-to-end risk management lifecycle, risk frameworks, and governance structures

  • Proven ability to distill complex information into a consumable narrative for an executive and Board level audience

  • Strong understanding of how the use of Artificial Intelligence both introduces risks across a variety of risk categories, as well as provides opportunities for improved monitoring and reporting

  • Proven ability to identify and evaluate risk pathways and devise management strategies

  • Collaborative, team player with the ability to navigate a complex organization and influence outcomes

  • Strong analytical, problem solving and critical thinking skills

  • High attention to detail and strong organizational skills

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.


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