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Senior Risk Manager Jobs (NOW HIRING)

Covenant Health

SR RISK MANAGER

Knoxville, TN · On-site

Overview Senior Risk Manager Full Time, 80 Hours Per Pay Period, Day Shift Covenant Health Overview: Covenant Health is the region's top-performing healthcare network with 10 hospitals, outpatient ...

Sotheby's

Senior Risk Manager

New York, NY · On-site

$90K - $120K/yr

THE ROLE The Senior Risk Manager, Americas plays a key role in risk governance, reporting and operational oversight, by providing strategic oversight and technical expertise to ensure the effective ...

Covenant Health

SR RISK MANAGER

Knoxville, TN

Senior Risk Manager Full Time, 80 Hours Per Pay Period, Day Shift Covenant Health Overview: Covenant Health is the region's top-performing healthcare network with 10 hospitals, outpatient and ...

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

The Senior Risk Manager will lead the enterprise insurance and risk financing programs; assess, quantify, and communicate business risk; develop and execute risk mitigation strategies; and ensure ...

First Bank

Senior Risk Manager

Hamilton, NJ · On-site

The Senior Risk Manager participates in identifying, mitigating, monitoring and reporting on risks across the Bank. This Senior level role reports directly to the Audit Committee, providing ...

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How much do senior risk manager jobs pay per year?

As of Jul 14, 2026, the average yearly pay for senior risk manager in the United States is $118,258.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,500.00 and $145,000.00 per year, depending on experience, location, and employer.

How much do senior risk managers make?

Senior risk managers typically earn between $90,000 and $150,000 annually, depending on experience, industry, and location. They often hold certifications such as FRM or CRM and work in finance, insurance, or corporate risk management environments.

What does a typical day look like for a Senior Risk Manager?

A Senior Risk Manager’s day often includes analyzing complex data to assess potential financial, operational, or strategic risks and developing mitigation strategies accordingly. You’ll regularly collaborate with business leaders across departments, provide expert advice during project planning, and prepare detailed risk reports for executive management or compliance committees. Additionally, you may oversee junior risk team members, guide audit processes, and participate in risk review meetings. This role offers dynamic daily challenges that require both independent analysis and team-oriented communication, making it ideal for those who enjoy both strategic thinking and hands-on collaboration.

What is the highest paying risk management job?

Senior risk management roles, such as Chief Risk Officer (CRO), tend to be the highest paying positions in risk management, often earning six-figure salaries or more depending on the industry and company size. These roles require extensive experience, advanced certifications like FRM or CRM, and strong leadership skills.

What does a senior risk manager do?

A senior risk manager identifies, assesses, and mitigates potential risks that could impact an organization’s financial health, operations, or reputation. They develop risk management strategies, oversee compliance with regulations, and often use tools like risk assessment software. Strong analytical skills and industry certifications such as FRM or CRM are typically required.

What does a Senior Risk Manager do?

A Senior Risk Manager identifies, assesses, and mitigates potential risks that could impact an organization's financial health, operations, or reputation. They develop risk management strategies, ensure compliance with industry regulations, and collaborate with various departments to implement risk controls. Additionally, they analyze market trends and internal processes to proactively address potential threats. Their goal is to minimize risk exposure while supporting business objectives and long-term sustainability.

What are the key skills and qualifications needed to thrive in the Senior Risk Manager position, and why are they important?

To excel as a Senior Risk Manager, you need strong analytical capabilities, a deep understanding of risk assessment methodologies, and a relevant degree such as finance, economics, or business administration. Familiarity with risk modeling software, governance frameworks (like COSO or ISO 31000), and industry certifications such as FRM or CRM are highly valued. Exceptional communication, leadership, and decision-making skills help distinguish top performers in this role. These abilities are essential for effectively identifying, evaluating, and mitigating potential risks while supporting organizational objectives.

What is the highest salary for a risk manager?

The highest salaries for senior risk managers can exceed $150,000 annually, especially in large financial institutions or corporations in high-cost areas. Factors such as experience, certifications like FRM or PRM, and industry sector influence top-tier compensation levels.
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Senior Risk Manager jobs near you
SR RISK MANAGER

SR RISK MANAGER

Covenant Health

Knoxville, TN • On-site

Full-time

Re-posted 6 days ago

Job description

Overview
Senior Risk Manager
Full Time, 80 Hours Per Pay Period, Day Shift
Covenant Health Overview:
Covenant Health is the region's top-performing healthcare network with 10 hospitals, outpatient and specialty services, and Covenant Medical Group, our area's fastest-growing physician practice division. Headquartered in Knoxville, Covenant Health is a community-owned integrated healthcare delivery system and the area's largest employer. Our more than 11,000 employees, volunteers, and 1,500 affiliated physicians are dedicated to improving the quality of life for the more than two million patients and families we serve every year. Covenant Health is the only healthcare system in East Tennessee to be named a Forbes "Best Employer" seven times.
Position Summary:
The senior risk manager is responsible for the facility's risk management activities, which include, but may not be limited to, managing claims against the facility, interfacing with defense legal counsel, administering the risk management program on a day-to-day basis, managing and analyzing risk management data, conducting risk management educational programs, complying with risk management related standards by The Joint Commission and other accrediting or regulatory agencies, all with the objective of maintaining patient safety, enhancing quality care, and minimizing loss to protect the assets of the facility. This individual participates in formulating policy and/or organizational changes. The senior risk manager performs these functions reporting to the corporate director of risk management directly and to a facility vice-president indirectly.
Responsibilities
  • Has full responsibility for operations of the risk management program at the facility.
  • Directs loss control/loss prevention activities and reports results to senior administration at the facility and the corporate risk department.
  • Supervises the statistical trending of losses and analyzes patterns.
  • Designs and implements risk management surveys and studies; conducts surveys, studies, and special projects to assist in long-term planning and changes to facility policies and systems that reduce risk and losses.
  • Responsible for identifying and communicating regulatory requirements.
  • Leads development of facility-wide approach on disclosure of medical errors and obtains physician support.
  • Submits recommendations for changes in the existing risk control and risk-financing procedures based on changes in properties, operations, or activities.
  • . Evaluates correspondence from attorneys, patients, and other outside sources, and formulates responses, as necessary.
  • Records, collects, documents, maintains, and communicates to corporate risk and/or attorney any information necessary to prepare testimony in pending litigation.
  • Assists with release of records and information in response to subpoenas, court orders, attorney requests, state and federal agency investigations, and other inquiries from outside sources.
  • Maintains risk case files and strives to maintain maximum protection from discoverability of such files.
  • Answers medical/legal inquiries of physicians, nurses, and administrators regarding emergent patient care issues and loss control.
  • Resolves treatment issues, including patient decisions made against medical advice (AMA), refusals of treatment, and consent issues; initiates court orders as appropriate via in-house and outside legal counsel.
  • Maintains awareness of legislative activities that may affect risk management programs and participates in the legislative process.
  • Leads and/or participates in the Risk Management Subcommittee, affiliate Risk Management Subcommittee, Root Cause Analysis Oversight Team, Patient Safety Committee and others as directed.
  • Assumes risk management on-call responsibility for the system as a part of the call rotation.
  • Receives incident reports and other information regarding untoward occurrences in the facility, and collates such information systematically to permit analysis pursuant to risk management policy and procedure. When risk management personnel are informed of an incident, the investigation should include getting the facts, determining the event's significance, reviewing the medical record, deciding who must know about the event, determining how to proceed with the patient, securing all evidence (e.g. documentation, equipment, etc.), interviewing appropriate people, and creating a comprehensive investigation file.
  • Plans, develops, and presents educational material to administration, the medical staff, nursing personnel, and other department personnel on topics related to risk management as they affect personnel.
  • Supports the patient safety initiatives through direct participation on committees/task forces.
  • Develops and implements educational programs designed to minimize the frequency and reduce the severity of actual and potential safety hazards throughout the facility.
  • Leads root cause analysis and makes recommendations for improvement.
  • Actively participates in patient safety goals by providing data to support priorities.
  • Has an active role in FMEA (Failure Mode and Effects Analysis).
  • Acts as resource, internal consultant, and educator for patient safety/risk management issues.
  • Responds to professional/liability and facility liability questions posed by physicians, nurses, and other personnel.
  • Complies with various codes, laws, rules and regulations concerning patient care, including those mandated by state and federal agencies and incident reporting. Also includes investigative activities with federal, state and local enforcement authorities.
  • Disseminates lessons learned from root cause analysis, system or process failures, and the results of proactive risk assessments to staff that provide services for the specific situations. Disseminates feedback to the appropriate providers and workforce.
  • Assists in communicating unanticipated outcomes and/or unusual events to patients and their families in a compassionate and honest manner and in compliance with policies and procedures.
  • Oversees investigation of incidents/accidents/events that could lead to financial loss, including professional liability, general liability, and workers' compensation.
  • Investigates risks involving actual or potential injury to patients, visitors, and employees; and, collects information necessary to prepare for the defense of claims.
  • Interacts with legal counsel and patients/families to effect timely settlement.
  • Provides direction and advice to medical staff, as necessary, in connection with malpractice litigation and medico legal matters.
  • Reports patient care-related incidents to the Department of Health, FDA, or other agencies if required by law; directs investigation and development of corrective plans; submits required reports to state and federal agencies.
  • Complies with required mandatory reporting of the Medicare, Medicaid, and SCHIP Extension Act of 2007.
  • Plans, develops and presents educational material to administration, medical staff, nursing personnel and other department personnel on current topics related to risk management.
  • Develops and implements educational programs to reduce or eliminate potential safety hazards throughout the facility.
  • Develops and presents educational material to new and current employees.
  • Provides on-going coordination of system policies on the Covenant Health Intranet.
  • Serves as a system policy resource for Covenant Health.
  • Performs other duties as assigned or requested.

Qualifications
Minimum Education:
None specified; however, must be sufficient to meet the standards for achievement of the below indicated license and/or certification as required by the issuing authority.
Minimum Experience:
An equivalent combination of education and experience as evidenced by the possession of a RN, Bachelor's degree in nursing, business administration, health administration, public health, education, or directly related field and four (4) years experience providing direct patient care in a clinical health care environment and two (2) years experience in management; risk management; or similarly responsible position may be accepted in lieu of the above indicated education and experience requirements.
Licensure Requirement:
Current Tennessee RN license

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