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Insurance Risk Manager Jobs in Somerset, NJ (NOW HIRING)

Barclays

Insurance Risk Manager

New York, NY · On-site

Embark on a transformative journey as an Insurance Risk Manager with the Barclays Group Insurance team as we look to undertake ambitious and exciting strategic projects to support the Bank ...

Sotheby's

Senior Risk Manager

New York, NY · On-site

$90K - $120K/yr

Reporting to the Global Insurance and Risk Management, Director, the role will support the placement and day to day oversight of Sotheby's insurance programs and lead the best Risk Management ...

Atlantic Health System

Risk Manager

Morristown, NJ · On-site

$61.18 - $107.69/hr

Advises site nursing staff, medical staff and administration on legal issues, billing, insurance, risk management, corporate compliance, EMTALA, HIPAA and other regulatory concerns following the ...

Atlantic Health System

Risk Manager

Morristown, NJ · On-site

Advises site nursing staff, medical staff and administration on legal issues, billing, insurance, risk management, corporate compliance, EMTALA, HIPAA and other regulatory concerns following the ...

Monitise

Risk Manager

New York, NY

$87K - $146K/yr

Job Title Risk Manager About your role: You will serve as the Line of Business (LOB) Risk Manager ... Medical, dental, vision, life, and disability insurance options available from day one * Retirement ...

Monitise

Risk Manager

Berkeley Heights, NJ

$87K - $146K/yr

Job Title Risk Manager About your role: You will serve as the Line of Business (LOB) Risk Manager ... Medical, dental, vision, life, and disability insurance options available from day one * Retirement ...

Betterment

Risk Manager

New York, NY · On-site

$140K - $155K/yr

As a Risk Manager, you will own a portfolio of risk processes, perform risk assessments, and ... and AD&D insurance; short- and long-term disability; infertility support and WPATH-aligned ...

Schonfeld

Risk Manager

New York, NY · On-site

$175K - $275K/yr

The Role We are seeking an exceptionally skilled Risk Manager to serve as a key member of our DMFI Credit team based in New York City. We are looking for someone with 5-10 years of experience in risk ...

Schonfeld

Risk Manager

New York, NY · On-site

$175K - $275K/yr

The Role We are seeking an exceptionally skilled Risk Manager to serve as a key member of our DMFI Credit team based in New York City. We are looking for someone with 5-10 years of experience in risk ...

Kafene

Risk Manager

New York, NY · On-site

$95K - $130K/yr

As a Risk Manager, you will report to the VP of Risk and help build Kafene's profit-driven consumer ... vision insurance costs, including coverage for your spouse, children, and other dependents.

Betterment

Risk Manager

New York, NY · Hybrid

$140K - $155K/yr

As a Risk Manager, you will own a portfolio of risk processes, perform risk assessments, and consult with management to keep our risk posture strong as the business grows. You will use AI and ...

Invesco

Risk Manager

New York, NY · Hybrid

$150K - $165K/yr

Collaborate with investment teams in monitoring and managing portfolio risk. Provide risk analytic insight that enhances the investment process. Contribute to the development of new products and ...

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All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Somerset, NJ

Insurance Risk Manager information

See Somerset, NJ salary details

$87.2K

$128.4K

$196.5K

How much do insurance risk manager jobs pay per year?

As of Jul 23, 2026, the average yearly pay for insurance risk manager in Somerset, NJ is $128,376.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,700.00 and $145,800.00 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 Somerset, NJ look for? The top searched job categories for Insurance Risk Manager jobs in Somerset, NJ are:
What cities near Somerset, NJ are hiring for Insurance Risk Manager jobs? Cities near Somerset, NJ with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Somerset, NJ as of July 2026, with employment types broken down into 86% Full Time, 7% Part Time, and 7% Contract. Highlights an 79% In-person, 14% Hybrid, and 7% Remote job distribution, with an average salary of $128,376 per year, or $61.7 per hour.
Insurance Risk Manager

Insurance Risk Manager

Barclays

New York, NY • On-site

Full-time

Posted 13 days ago

Job description

Job Description
Purpose of the role
To support the Risk Function in delivering it's objective of safeguarding the bank's financial and operational stability by proactively identifying, assessing, mitigating, and monitoring risks across various business units and activities.
Accountabilities
  • Development of strategic direction for risk, including the implementation of up-to-date methodologies and processes.
  • Management of the risk department, including oversight of risk colleagues and their performance, implementation of risk priorities and objectives, oversight of department efficiency and effectiveness.
  • Relationship management of risk stakeholders, including identifying relevant stakeholders, and maintenance of the quality of external third-party services.
  • Adherence to the Risk policy, standards and frameworks, and maintaining a robust control environment.

Vice President Expectations
  • To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
  • If managing a team, they define jobs and responsibilities, planning for the department's future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
  • If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L - Listen and be authentic, E - Energise and inspire, A - Align across the enterprise, D - Develop others..
  • OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
  • Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
  • Manage and mitigate risks through assessment, in support of the control and governance agenda.
  • Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
  • Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
  • Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
  • Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
  • Adopt and include the outcomes of extensive research in problem solving processes.
  • Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.
Embark on a transformative journey as an Insurance Risk Manager with the Barclays Group Insurance team as we look to undertake ambitious and exciting strategic projects to support the Bank's ambitions. At Barclays, our vision is clear -to redefine the future of banking and help craft innovative solutions. Barclays is seeking a forward-thinking strategic risk manager to lead and manage complex, multi-year construction projects including end to end management of owner-controlled insurance programs (OCIP) along with ad hoc projects which support the expansion of the Group Insurance team's strategic responsibilities.
To be successful as an Insurance Risk Manager, you should have:
  • Proven background in insurance risk management, brokerage/advisory, or risk roles within a financial institution or real estate operating company
  • Solid understanding of Construction, Property, and Casualty lines including managing Owner-Controlled Insurance Programs, Builders Risk, and Pollution Legal Liability
  • Experience building and managing complex global insurance programs and vendor relationships
  • Previous project management experience with attention to detail and leadership in claims analytics

Some other highly valued skills may include:
  • Effective communicator with a proven ability to build and maintain stakeholder relationships
  • Curious, strategic thinker with solid business judgment and a pragmatic, solutions focused mindset
  • Comfortable navigating ambiguity and working within a fast-paced environment

You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen, strategic thinking, digital and technology, as well as job-specific technical skills.
This role is located in New York, NY.
Minimum Salary: $150,000
Maximum Salary: $200,000
The minimum and maximum salary/rate information above includes only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

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