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Risk Management Director information

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$51.4K

$136.2K

$247.4K

How much do risk management director jobs pay per year?

As of Aug 8, 2026, the average yearly pay for risk management director in Indiana is $136,249.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,400.00 and $159,400.00 per year, depending on experience, location, and employer.

What are some typical challenges faced by a risk management director when implementing new risk mitigation strategies across an organization?

A Risk Management Director often encounters challenges such as gaining buy-in from various departments, aligning risk strategies with business objectives, and adapting to rapidly changing regulatory requirements. Coordinating across teams can require strong communication and negotiation skills, as each department may have different risk tolerances and operational priorities. Additionally, balancing the need for thorough risk controls with maintaining efficient business processes is a common challenge, requiring both technical expertise and strategic vision.

What are the key skills and qualifications needed to thrive as a risk management director, and why are they important?

To thrive as a Risk Management Director, you need deep expertise in risk assessment, regulatory compliance, and enterprise risk frameworks, often supported by a bachelor's or master's degree in finance, business, or a related field. Familiarity with risk management software (such as MetricStream or RSA Archer) and certifications like CRM or FRM are typically required. Strong leadership, analytical thinking, and effective communication help build consensus and drive risk mitigation strategies across the organization. These skills and qualities are crucial for proactively identifying threats, ensuring regulatory compliance, and protecting the organization's assets and reputation.

What does a risk management director do?

A Risk Management Director is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations, assets, or reputation. They develop strategies and policies to minimize potential losses and ensure compliance with regulations. Their role often involves overseeing risk assessments, implementing risk controls, and reporting to senior management about emerging risks and mitigation measures. Additionally, they may lead teams, coordinate with other departments, and provide training on risk management practices.

What is a risk management director?

A risk management director looks at all potential risks of a project or program with the goal of minimizing asset loss for the company. As a risk management director, you need to look at all potential legal issues as well as any potential insurance claims. Your duties involve vetting potential policies or clients to ensure they won’t pose a risk, guiding the company in the right direction for growth, and helping avoid potential pitfalls. Most risk management directors have worked in risk management for a few years before working their way up to this role.

More about Risk Management Director jobs
What are the most commonly searched types of Risk Management jobs in Indiana? The most popular types of Risk Management jobs in Indiana are:
What are popular job titles related to Risk Management Director jobs in Indiana? For Risk Management Director jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Risk Management Director jobs in Indiana look for? The top searched job categories for Risk Management Director jobs in Indiana are:
What cities in Indiana are hiring for Risk Management Director jobs? Cities in Indiana with the most Risk Management Director job openings:
Risk Management Director jobs near you
Infographic showing various Risk Management Director job openings in Indiana as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 13% Part Time, and 3% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $136,249 per year, or $65.5 per hour.

Analyst, Risk Management & Insurance

SPG Administrative Svcs. Ptr.

Indianapolis, IN

Full-time

Posted 23 days ago

Job description

Job Location:

Corporate Indianapolis
Job Description

PRINCIPAL RESPONSIBILITIES:

  • Completes renewal applications and collaborates with insurance brokers to prepare underwriting submissions.

  • Collects, reviews, analyzes, and updates exposure data to support insurance policy renewals.

  • Manages and maintains insurance exposure data, documents, and electronic risk management files. Assures compliance with corporate documentation retention policies.

  • Reviews insurance policies for quality control and coverage adequacy.
    Coordinates renewal strategy meetings with insurance broker and internal stakeholders.

  • Assists with annual budgeting and auditing processes.

  • Analyzes loss runs and performs ongoing risk evaluations.

  • Tracks and reviews insurance premium allocations, fees, and charges.

  • Reviews and processes department invoices.

  • Assists internal customers with general contract reviews, insurance certificate requests, proof of insurance, claims questions.

  • Coordinates and Manage Certificates of Insurance and Auto ID Cards requests.

  • Reports and manages Property Insurance Claims.

  • Responds to information requests for claims and maintains electronic claim files.

  • Assists with other claims management items and oversight as directed by supervisor.

  • Supports the development of and compliance with risk management policies, procedures, and guidelines.

  • Engages with internal business units to understand needs and identifies opportunities to provide solutions to specific risk issues.

  • Tracks and follows up on Property Loss Engineering recommendations. Coordinates with property management and operations as needed on recommendations.

  • Other duties as assigned.

EDUCATION AND EXPERIENCE:

  • Bachelor's Degree is required, with a degree in Risk Management, Finance, Business, Economics or related field preferred.

  • Recent Risk Management college graduate and/or 1-3 years of Risk Management and Insurance experience preferred.

  • Relative knowledge and experience in the areas of Insurance, Risk Management, Safety & Health preferred.

  • Preferred Skills And Abilities

  • Experience and skilled with Microsoft Programs, particularly Excel

  • Strong written and oral communication skills

  • Strong computer skills

  • Continuous Improvement focus/ Ability to Identify Process Improvements

  • Ability to work effectively in a collaborative fast-paced team environment.

  • Strong analytical skills.

  • Detail-oriented and highly organized with a focus on quality and consistency and strength in documentation.

  • Travel may be required, estimated- 5%

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