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Manager Of Risk Management Jobs in Baltimore, MD

The Director of Risk Management is responsible for leading and coordinating the organization's risk management program, ensuring the identification, assessment, monitoring, and mitigation of risks ...

Director of Risk Management

Towson, MD · On-site

$51.18 - $84.34/hr

The Director of Risk Management is responsible for leading and coordinating the organization's risk management program, ensuring the identification, assessment, monitoring, and mitigation of risks ...

Summary As Transamerica continues to strengthen and evolve its Operational Risk Management (ORM) program, we are creating a new position to drive the next phase of our Governance, Risk, and ...

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Manager Of Risk Management information

See Baltimore, MD salary details

$43.2K

$103K

$166.4K

How much do manager of risk management jobs pay per year?

As of Jul 31, 2026, the average yearly pay for manager of risk management in Baltimore, MD is $103,044.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,000.00 and $131,200.00 per year, depending on experience, location, and employer.

What is the difference between Manager Of Risk Management vs Risk Analyst?

AspectManager Of Risk ManagementRisk Analyst
Required CredentialsBachelor's degree, professional risk management certifications (e.g., CRM, FRM)Bachelor's degree, often pursuing certifications like CRM or FRM
Work EnvironmentOversees risk management teams, develops strategies, collaborates with senior managementAnalyzes data, assesses risks, prepares reports, supports risk strategies
Employer & Industry UsageFinancial institutions, insurance companies, large corporationsFinancial firms, insurance, consulting, and corporate risk departments

The Manager Of Risk Management typically leads risk strategies and manages teams, requiring advanced certifications and experience. In contrast, a Risk Analyst focuses on data analysis and risk assessment, often with similar educational backgrounds but less managerial responsibility. Both roles are essential in risk management but differ in scope and seniority.

What does a risk management manager do?

A risk management manager oversees an organization’s processes to identify, assess, and mitigate potential risks that could impact business operations, financial stability, or reputation. They develop risk management strategies, implement policies, and often use tools like risk assessment software to monitor and control risks, ensuring compliance with regulations and organizational goals.

Do risk managers make good money?

Risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual wages range from $70,000 to over $120,000, with senior roles and certifications like FRM or CRM often commanding higher pay. The role requires strong analytical skills and knowledge of risk assessment tools.

What is the highest salary for a risk manager?

The highest salaries for risk managers can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like FRM or CRM, and leadership roles in large organizations. Senior risk managers or directors in financial services or insurance industries tend to earn the highest compensation packages.

How much does a risk manager get paid?

A risk manager's average salary varies by experience and location but typically ranges from $80,000 to $150,000 annually. Senior risk managers or those in specialized industries can earn higher salaries, often exceeding $200,000 with additional certifications like FRM or CRM. Compensation also depends on the size of the organization and the complexity of the risk management responsibilities.
What are the most commonly searched types of Of Risk Management jobs in Baltimore, MD? The most popular types of Of Risk Management jobs in Baltimore, MD are:
What cities near Baltimore, MD are hiring for Manager Of Risk Management jobs? Cities near Baltimore, MD with the most Manager Of Risk Management job openings:

Director of Risk Management

Sheppard Pratt

Towson, MD

$106K - $175K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 11 days ago


Sheppard Pratt rating

6.2

Company rating: 6.2 out of 10

Based on 43 frontline employees who took The Breakroom Quiz

700th of 885 rated healthcare providers


Job description

What to expect.

The Director of Risk Management is responsible for leading and coordinating the organization's risk management program, ensuring the identification, assessment, monitoring, and mitigation of risks affecting patients, employees, visitors, property, and organizational operations. This position oversees risk management processes, supports litigation and claims management activities, facilitates regulatory and accreditation readiness, administers the Enterprise Risk Management (ERM) platform, provides risk-related education and reporting, and serves as a key resource to the General Counsel on legal and compliance-related matters. The Director collaborates with operational leaders, committees, and external stakeholders to promote a proactive approach to risk reduction and organizational resilience.

Specific responsibilities include:

1. General Risk Management

  • Direct and administer the organization's risk management program, including the identification, assessment, documentation, monitoring, and mitigation of risks affecting patients, employees, visitors, property, and organizational operations.
  • Maintain risk management policies, procedures, and risk assessment tools, including the Risk Matrix, ensuring compliance with regulatory, accreditation, and organizational requirements.
  • Conduct investigations of incidents, claims, and adverse events; preserve evidence and witness statements; analyze risk data and trends; and collaborate with operational leaders to develop and implement corrective actions, peer review activities, and risk mitigation strategies.
  • Support Root Cause Analyses (RCA), patient safety initiatives, accreditation readiness efforts, regulatory surveys, and performance improvement activities designed to reduce organizational risk and improve outcomes.
  • Review and evaluate vendor agreements and contracts to identify, minimize, and appropriately manage organizational risk exposures.

 2. Litigation Management Assistance

  • Support litigation and claims management activities by preparing employees subpoenaed as witnesses, maintaining legally appropriate claim files, assisting with discovery requests, and reviewing external counsel pleadings, motions, and other legal documents for accuracy, professionalism, and consistency with organizational interests.

3. Committee Obligations

  • Facilitate Risk Management Committee activities, including meeting coordination, monitoring higher-risk events, presenting risk-related data and trends, evaluating root causes, and developing recommendations to reduce recurring risks and improve organizational performance.

4. Enterprise Risk Management (ERM) Platform Administration

  • Administer and maintain the Enterprise Risk Management (ERM) platform, including documenting organizational risk priorities, monitoring action plans, tracking mitigation efforts, and reporting on key enterprise risk objectives and initiatives.

5. Education and Reporting

  • Develop and deliver risk management education and training programs for providers, nursing staff, and other stakeholders, and prepare periodic reports and presentations for executive leadership and the Board regarding high-risk events, claims activity, risk trends, and ongoing litigation matters.

6. Legal Support

  • Provide support to the General Counsel by responding to legal inquiries, conducting legal and regulatory research, reviewing and editing contracts, representing organizational interests in guardianship proceedings, and assisting with other legal, compliance, and risk-related matters as assigned.

What you'll get from us. 

At Sheppard Pratt, you will work alongside a multi-disciplined team led by a bold vision to change lives. We offer:

  • A commitment to professional development, including a comprehensive tuition reimbursement program to support ongoing education and licensure and/or certification preparation
  • Comprehensive medical, dental and vision benefits for benefit eligible positions

  • 403b retirement match

  • Generous paid-time-off for benefit eligible positions

  • Complimentary Employee Assistance Program (EAP)

  • Generous mileage reimbursement program

This position has a pay range of This position has a pay range of $106,455.86 to $175,419.71 USD.

What we need from you.

  1. Bachelor’s degree in Business, Legal, Finance, Accounting, Risk Management or similar field required. Juris Doctorate highly preferred. 
  2. Minimum of 5 years’ experience in risk management is required. Experience in health care industry is preferred.
  3. Comprehensive knowledge of healthcare risk management principles, enterprise risk management methodologies, claims administration, loss prevention strategies, patient safety practices, accreditation standards, HIPAA requirements, and applicable regulatory obligations.
  4. Knowledge of litigation support processes, legal documentation, discovery procedures, evidence preservation requirements, contract review practices, and healthcare-related legal and compliance considerations.
  5. Demonstrated ability to investigate complex incidents, analyze data and trends, assess organizational risk exposures, identify root causes, and develop practical recommendations to reduce risk and improve operational performance.
  6. Strong analytical, problem-solving, organizational, and project management skills, with the ability to manage multiple priorities, deadlines, and sensitive matters while maintaining accuracy and attention to detail.
  7. Excellent written, verbal, presentation, and interpersonal communication skills, including the ability to prepare reports, policies, educational materials, and executive-level presentations and effectively interact with internal and external stakeholders.
  8. Proficiency in risk management software, Enterprise Risk Management (ERM) platforms, Microsoft Office applications, and reporting tools, with the ability to maintain confidential information and exercise sound independent judgment in sensitive situations.

WHY SHEPPARD PRATT?
At Sheppard Pratt, we are more than just a workplace. We are a community of healthcare professionals who are dedicated to providing hope and healing to individual’s facing life’s challenges. Join us and be a part of a mission that changes lives!

#LI-HD1


What Sheppard Pratt employees say

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About Sheppard Pratt

Sourced by ZipRecruiter

Sheppard Pratt is the nation's largest private, nonprofit provider of mental health, substance use, special education, developmental disability, and social services. We serve over 70,000 people every year and have over 160 programs in 16 counties throughout the State of Maryland. Our mission is to improve the quality of life of individuals and families by compassionately serving their mental health, addiction, special education, and community support needs. U.S. News & World Report has ranked Sheppard Pratt as one of the top psychiatric hospitals in the nation for the past thirty years. ! Sheppard Pratt is committed to fostering a safe, welcoming, and diverse environment for employees and patients, and recently earned the "LGBTQ Health Care Equality Top Performer" designation from the Human Rights Campaign Foundation. Sheppard Pratt currently has 5,000 employees, and we are always looking to add compassionate and caring members to our team. If you are someone who is interested in behavioral health, psychology, education, nursing, or social work, Sheppard Pratt is the right fit for you."

Industry

Offices of mental health practitioners

Company size

5,001 - 10,000 Employees

Headquarters location

Baltimore, MD, US

Year founded

1853