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Retail Risk Management Jobs (NOW HIRING)

Virtusa

Senior Product Owner

Jersey City, NJ

$132K - $174K/yr

10 years of experience in product management, business analysis, or a similar role within financial services, with a strong focus on retail risk. 5 years of direct experience with Operational Risk ...

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How much do retail risk management jobs pay per hour?

As of Jun 21, 2026, the average hourly pay for retail risk management in the United States is $20.72, according to ZipRecruiter salary data. Most workers in this role earn between $18.75 and $22.36 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in Retail Risk Management, and why are they important?

To thrive in Retail Risk Management, you need a solid understanding of risk assessment, loss prevention strategies, and business operations, often supported by a relevant degree in finance, business, or risk management. Familiarity with risk management software, data analytics tools, and sometimes certifications like Certified Risk Manager (CRM) or Certified Fraud Examiner (CFE) are typically required. Strong analytical thinking, attention to detail, and effective communication skills help you identify threats and collaborate across departments. These abilities are crucial for minimizing losses, ensuring regulatory compliance, and protecting the organization’s reputation and assets.

What is retail risk management?

Retail risk management involves identifying, assessing, and mitigating risks that can affect retail operations, such as theft, fraud, supply chain disruptions, and compliance issues. Professionals in this field analyze data, develop security protocols, and use tools like surveillance systems to protect assets and ensure business continuity.

What are the 4 types of risk management?

In retail risk management, the four main types of risk management are strategic risk, operational risk, financial risk, and compliance risk. These categories help identify, assess, and mitigate potential threats to retail operations, assets, and reputation. Effective risk management often involves using tools like risk assessments and control measures to minimize exposure.

How does a Retail Risk Management professional typically collaborate with other departments to mitigate risks?

Retail Risk Management professionals work closely with various teams such as operations, finance, compliance, and IT to identify and address potential risks. They often facilitate cross-departmental meetings to assess vulnerabilities, share data, and develop strategies for loss prevention, fraud detection, and regulatory compliance. This collaborative approach ensures that risk mitigation measures are practical, up-to-date, and aligned with broader business objectives. Being proactive and communicative is essential, as risk teams rely on timely information and cooperation from other departments to implement effective controls.

What qualifications do I need to be a Risk Manager?

A Risk Manager typically needs a bachelor's degree in finance, business, or a related field, along with experience in risk assessment or management. Professional certifications such as the Certified Risk Manager (CRM) or Financial Risk Manager (FRM) can enhance job prospects. Strong analytical skills, knowledge of industry regulations, and proficiency with risk management tools are also important.

Is risk management high paying?

Risk management roles in retail can offer competitive salaries, especially for those with experience, certifications, and strong analytical skills. Salaries vary based on the level of responsibility, location, and company size, but generally, risk management positions are considered well-paying within the retail industry.

What is the difference between Retail Risk Management vs Retail Loss Prevention?

AspectRetail Risk ManagementRetail Loss Prevention
FocusIdentifying and mitigating overall risks in retail operations, including fraud, safety, and compliancePreventing theft, shoplifting, and inventory loss
CredentialsRisk management certifications, retail experienceLoss prevention certifications, security training
Work EnvironmentCorporate offices, retail stores, and field sitesRetail stores, security departments
Employer & Industry UsageRetail chains, corporate risk teamsRetail stores, security firms

Retail Risk Management and Retail Loss Prevention both aim to protect retail businesses, but they differ in scope. Risk management covers a broad range of risks, while loss prevention specifically targets theft and inventory loss. Understanding these differences helps in choosing the right career path or job focus within the retail industry.

What states have the most Retail Risk Management jobs? States with the most job openings for Retail Risk Management jobs include:
Retail Risk Management jobs near you
Infographic showing various Retail Risk Management job openings in the United States as of June 2026, with employment types broken down into 1% Internship, 49% Full Time, 48% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $43,104 per year, or $20.7 per hour.
Senior Product Owner

Senior Product Owner

Virtusa

Jersey City, NJ

$132K - $174K/yr

Full-time

Posted 2 days ago

Job description

10 years of experience in product management, business analysis, or a similar role within financial services, with a strong focus on retail risk.
5 years of direct experience with Operational Risk, Risk and Compliance with exposure and knowledge of Controls and Audit
A BA is critical for the Risk Policy Hub project to efficiently integrate Gen AI into risk assessment. This role ensures accurate requirement translation, effective Gen AI integration, and clear stakeholder communication, preventing project misalignment and ensuring success.

Should be a SAFe 6.0 Certified Product Owner/Product Manager (POPM)
Proven track record of successfully delivering complex technology platforms or products in an agile environment.
Experience in execution of product features that mitigate operational, financial, and regulatory risks. You will bridge the gap between our Risk & Compliance stakeholders and the engineering teams to build robust, scalable tools-such as automated control monitoring, fraud detection systems, audit trails, and risk analytics dashboards.
Familiarity with risk modelling concepts and methodologies.
Experience with data analytics tools, SQL, and understanding of large-scale data architecture concepts.
Knowledge of relevant technologies and platforms used in risk management and data warehousing.
Exceptional communication, presentation, and interpersonal skills, with the ability to articulate complex concepts to both technical and non-technical audiences.
Strong analytical and problem-solving abilities, with a keen attention to detail.
Ability to influence stakeholders and drive consensus across diverse teams.

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About Virtusa

Sourced by ZipRecruiter

We are builders, makers, and doers with the technical skills and domain expertise to transform your business at scale and speed without disruption. Our unique Engineering First approach blends deep industry expertise and empowered, agile teams, to create holistic solutions that seamlessly move the business forward. We help clients engage with new technology paradigms to creatively build solutions that drive them to the forefront of their industries.

Industry

It services

Company size

10,000+ Employees

Headquarters location

Westborough, MA, US

Year founded

1996

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