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Junior Risk Manager Jobs in New Jersey (NOW HIRING)

Pwc

Data Validation Risk - Manager

Florham Park, NJ

$99K - $232K/yr

... Risk Manager, you will play a pivotal role within our Risk & Regulatory practice, focusing on ... junior staff. You are accountable for confirming project success and maintaining standards.

ADP

Compliance Risk Analyst

Barnegat, NJ · Hybrid

ADP is hiring a Compliance Risk Analyst ADP has developed and maintains a global network of third ... management and governance practices. - Supporting and collaborating with junior team members by ...

Techouts, Inc

Python risk Developer

Jersey City, NJ · On-site

$52.50 - $72.25/hr

We are looking for a Python Developer with strong experience in trading and risk management systems ... Participate in code reviews and mentor junior developers where required Must-Have Skills * Strong ...

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Junior Risk Manager information

See New Jersey salary details

$19.3K

$53.3K

$89.3K

How much do junior risk manager jobs pay per year?

As of Aug 14, 2026, the average yearly pay for junior risk manager in New Jersey is $53,261.00, according to ZipRecruiter salary data. Most workers in this role earn between $36,500.00 and $58,400.00 per year, depending on experience, location, and employer.

What is the difference between Junior Risk Manager vs Risk Analyst?

AspectJunior Risk ManagerRisk Analyst
Required CredentialsBachelor's degree in finance, risk management, or related field; certifications like FRM or CRM are a plusBachelor's degree in finance, economics, or related field; certifications like FRM are common
Work EnvironmentCorporate risk departments, financial institutions, insurance companiesFinancial firms, consulting agencies, insurance companies
Employer & Industry UsageUsed in industries managing financial, operational, or compliance risksCommonly used in finance, banking, and insurance sectors

While both roles involve assessing and managing risks, a Junior Risk Manager typically has broader responsibilities including risk mitigation strategies and reporting, whereas a Risk Analyst focuses more on data analysis and risk assessment. The Junior Risk Manager often supervises Risk Analysts and implements risk policies, making it a more comprehensive role in risk management teams.

What are the key skills and qualifications needed to thrive as a junior risk manager?

To thrive as a Junior Risk Manager, you need strong analytical abilities, attention to detail, and a background in finance, business, or risk management—often supported by a relevant bachelor's degree. Familiarity with risk assessment tools, data analysis software (such as Excel), and sometimes certifications like FRM or PRM are typically expected. Excellent communication, problem-solving, and organizational skills help you collaborate effectively and present risk findings clearly. These competencies are crucial for accurately identifying risks, supporting senior risk management decisions, and maintaining the organization's financial and operational integrity.

What does a junior risk manager do?

A Junior Risk Manager supports the identification, analysis, and mitigation of potential risks that could impact a company's operations or financial performance. Their responsibilities often include gathering data, conducting risk assessments, preparing reports, and assisting senior risk managers with the implementation of risk management strategies. They help ensure that the organization complies with regulations and develops policies to minimize risk exposure. This role is typically entry-level and offers opportunities to learn about risk management frameworks and industry best practices.

What are the most commonly searched types of Risk Manager jobs in New Jersey?

The most popular types of Risk Manager jobs in New Jersey are:

What are popular job titles related to Junior Risk Manager jobs in New Jersey?

For Junior Risk Manager jobs in New Jersey, the most frequently searched job titles are:

What job categories do people searching Junior Risk Manager jobs in New Jersey look for?

The top searched job categories for Junior Risk Manager jobs in New Jersey are:

What cities in New Jersey are hiring for Junior Risk Manager jobs?

Cities in New Jersey with the most Junior Risk Manager job openings:

Junior Risk Manager jobs near you
Infographic showing various Junior Risk Manager job openings in New Jersey as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, 1% Temporary, and 1% Contract. Highlights an 84% Physical, 4% Hybrid, and 12% Remote job distribution, with an average salary of $53,261 per year, or $25.6 per hour.

Sr. Commercial Credit Risk Manager

Valley Bank

Fairfield, NJ • On-site

Full-time

Posted 2 days ago

New

Valley Bank rating

7.3

Company rating: 7.3 out of 10

Based on 19 frontline employees who took The Breakroom Quiz

112th of 171 rated banks

Job description

Responsibilities include but are not limited to:
  • Responsible for monitoring on a timely basis the ongoing financial health of an assigned loan portfolio while maintaining the ongoing communication and dialogue with clients in conjunction with the business team for all credit related reporting and business updates.
  • Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
  • Leads external client meetings as well as internal deal team discussions and approval discussions with senior management. Identifies, outlines, and mitigates risks associated with potential lending opportunities, advises on all matters related to the Bank's Credit Policy and related procedures, and provides guidance on loan structures and risk appetite.
  • Reviews credit packages completed by junior team members and provides general guidance and mentorship.
  • Performs the required due diligence and analysis, produces the credit presentation in accordance with guidelines and policy while ensuring timely completion of the underwriting, presents credit requests to the required level of credit authority, and oversees the legal documentation and closing process.
  • Approves transactions under individual lending authority, when applicable.
  • Maintains oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement including (i) financial reporting, (ii) covenant compliance, (iii) collateral monitoring, (iv) required third party reports, (v) annual reviews, and (vi) maturing loans and lines of credit. In coordination with the business team, maintains direct contact with clients as needed for account monitoring and administration and site visits.
  • Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc. to verify compliance. Escalates issues to appropriate levels and develops action plans as necessary.
  • Ensures credits are accurately risk rated and are properly monitored and reported.
  • Prepares all required quarterly reports and analysis including Criticized Loan Monitoring Reports as well as other portfolio management reports as required.
  • Participates in special projects and requests related to the management of the portfolio.

Required Skills:
  • Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
  • Advanced knowledge of credit underwriting, financial accounting and loan documentation.
  • Advanced knowledge of how a deal should be structured and comfortability with conversing this structure to lenders.
  • Strong computer skills using Microsoft Word, Excel and Outlook.
  • Strong level of interpersonal and social skills needed to interact with loan officers, administrative staff and customers.
  • Ability to manage time efficiently.
  • Strong mathematical skills.
  • Strong credit skills.
  • Strong administrative skills.
  • Ability to write reports and business correspondence.
  • Ability to effectively present information and respond to questions.

Required Experience:
  • High School diploma or GED
  • Minimum of 7 years of experience in a commercial lending environment in a credit-oriented and underwriting position.

Preferred Experience:
  • Bachelor's degree in a related field and completion of a formal credit training program.

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