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Managing Director Risk Management Jobs in Alabama

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Managing Director Risk Management information

See Alabama salary details

$48.9K

$129.8K

$235.7K

How much do managing director risk management jobs pay per year?

As of Sep 9, 2026, the average yearly pay for managing director risk management in Alabama is $129,781.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,600.00 and $151,800.00 per year, depending on experience, location, and employer.

What does a managing director risk management do?

A Managing Director of Risk Management is responsible for overseeing an organization's risk management strategies and policies. They identify, assess, and mitigate financial, operational, and strategic risks to protect the company's assets and reputation. This role involves leading risk assessment teams, developing risk management frameworks, and ensuring compliance with regulatory requirements. Managing Directors in this field also collaborate with senior leadership to develop business strategies that balance risk and growth objectives.

What are the key skills and qualifications needed to thrive as a managing director risk management?

To thrive as a Managing Director Risk Management, you need deep expertise in risk assessment, financial analysis, regulatory compliance, and typically an advanced degree in finance, economics, or a related field. Familiarity with risk modeling software, enterprise risk management (ERM) systems, and relevant certifications like FRM or PRM is common. Exceptional leadership, strategic thinking, and persuasive communication skills are vital for influencing stakeholders and guiding teams. These capabilities are crucial for effectively identifying, evaluating, and mitigating complex risks that can impact an organization's stability and growth.

What are some typical challenges a managing director risk management faces when aligning risk strategies with overall business objectives?

A Managing Director of Risk Management often encounters the challenge of balancing comprehensive risk mitigation with the need to support business innovation and growth. Navigating differing priorities among stakeholders, ensuring regulatory compliance across diverse markets, and keeping up with evolving risk landscapes are common hurdles. Success in this role requires strong communication and negotiation skills to align risk strategies with the organization’s broader goals, while fostering a collaborative environment among executive leadership and risk teams.

What is the difference between Managing Director Risk Management vs Chief Risk Officer?

AspectManaging Director Risk ManagementChief Risk Officer
CredentialsAdvanced degrees in finance, risk management certifications (FRM, PRM)Same as Managing Director Risk Management, often with extensive experience
Work EnvironmentExecutive leadership in financial institutions, corporationsCorporate headquarters, risk management departments
Industry UsageCommon in banking, insurance, large corporationsUsed interchangeably with Managing Director Risk Management in many firms

The Managing Director Risk Management and Chief Risk Officer roles often overlap in credentials, work environment, and industry usage. While titles may differ, both focus on overseeing risk strategies at an executive level, ensuring organizational risk is managed effectively.

What does a managing director risk management make?

A managing director in risk management typically earns a salary ranging from $150,000 to over $300,000 annually, depending on the industry, company size, and location. They often receive bonuses and benefits, and their compensation reflects their experience and leadership responsibilities in overseeing risk strategies and compliance.
Managing Director Risk Management jobs near you
Infographic showing various Managing Director Risk Management job openings in Alabama as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 13% Part Time, and 4% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $129,781 per year, or $62.4 per hour.

Director, Enterprise Risk Management

Huntsville, AL • On-site

Blue Cross and Blue Shield of North Carolina
Insurance Services • 5 - 10K employees
Learn more about Blue Cross and Blue Shield of North Carolinaexternal

$157K - $252K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Posted 5 days ago

Blue Cross and Blue Shield of North Carolina rating

7.8

Company rating: 7.8 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

196th of 315 rated insurance

Job description

Job Description

Blue Cross NC is hiring a Director, Enterprise Risk Management to lead the design, execution, and continuous improvement of the organization's enterprise risk management framework. This role is responsible for proactively identifying, assessing, managing, and communicating enterprise risks while partnering with executive leaders, business unit leaders, and governance bodies, including the Audit Committee and Enterprise Risk Committee, to embed risk-based thinking into strategic planning, operations, and capital decisions.

What You'll Do

  • Direct all aspects of enterprise risk management and support throughout the organization to achieve business objectives and strategies.

  • Proactively promotes organization-wide understanding of enterprise risks and risk management strategies.

  • Lead the Own Risk and Solvency Assessment (ORSA) process, including facilitation of enterprise risk assessment, stress testing, and preparation of the annual ORSA report.

  • Prepare risk reports, dashboards, and presentations for executive leadership, risk committees, and the Board.

  • Understand the business implications of risk management and coordinate with the appropriate level of management to develop practical and actionable business solutions in a timely, cost-effective manner.

  • Monitor risk appetite metrics, key risk indicators, and emerging risks and report to management and the Board as needed.

  • Coordinate periodic reviews of risk appetite statements, policies, and governing practices.

  • Monitor regulatory, industry, and healthcare trends to identify potential impacts to the organization.

  • Promote a strong risk culture through education, communication, and consultation across the enterprise.

  • Lead the corporate insurance and captive management programs to effectively manage insurance risks.

What You Bring

  • A bachelor's degree in a risk management, financeor business administration

  • 10 years experience in risk management and consulting or public accounting

  • 5 years leadership experience

  • CRM, CRMA, ARM or CPA

  • In lieu of degree, 12+ years of experience in related field

What You'll Get

  • The opportunity to work at the cutting edge of health care delivery with a team that's deeply invested in the community.

  • Work-life balance, flexibility, and the autonomy to do great work.

  • Medical, dental, and vision coverage along with numerous health and wellness programs.

  • Parental leave and support plus adoption and surrogacy assistance.

  • Career development programs and tuition reimbursement for continued education.

  • 401k match including an annual company contribution.

  • Learn more

Where You'll Work

Our Hybrid Flex approach is built on presence with a purpose - giving you flexibility to work remotely with intentional in-person connection - that supports a workplace that's flexible, connected, and future focused.

In a Hybrid-Flex role, you'll work in the office at least two days a week for collaboration and connection. In a Remote Flex role, you'll work virtually, with a few in-office visits each year for meaningful moments that matter.

Whether your role is Hybrid Flex or Remote Flex depends on the nature of the work and distance from our Durham headquarters. We welcome candidates from outside the local area and in any states listed on this job posting. Onsite expectations will be discussed during the interview process.

Salary Range

At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs.Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.

*Based on annual corporate goal achievement and individual performance.

$157,978.00 - $252,765.00

Skills

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JOB ALERT FRAUD: We have become aware of scams from individuals, organizations, and internet sites claiming to represent Blue Cross and Blue Shield of North Carolina in recruitment activities in return for disclosing financial information. Our hiring process does not include text-based conversations or interviews and never requires payment or fees from job applicants. All our career opportunities are published on https://bcbsnc.wd5.myworkdayjobs.com/en-US/BCBSNC. If you have already provided your personal information that you suspect is fraudulent activity, please report it to your local authorities. Any fraudulent activity should be reported to: HR.Staffing@BCBSNC.com.

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