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Sr Risk Manager Jobs in Indiana (NOW HIRING)

CSAA

$89K/yr

Support efforts with senior executives, inside and outside the organization, to adopt a more rigorous risk posture and drive third-party vendor risk management and portfolio reduction. Required ...

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Sr Risk Manager information

See Indiana salary details

$21.4K

$112.5K

$199.8K

How much do sr risk manager jobs pay per year?

As of Sep 15, 2026, the average yearly pay for sr risk manager in Indiana is $112,530.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,400.00 and $138,000.00 per year, depending on experience, location, and employer.

What does a Sr Risk Manager do?

A Sr Risk Manager is responsible for identifying, assessing, and mitigating risks that could impact an organization’s operations, finances, or reputation. They develop risk management strategies, implement policies, and collaborate with other departments to ensure compliance and minimize potential losses. This role often involves analyzing data, preparing reports for senior leadership, and staying updated on regulatory changes that may affect the business.

How does a Sr Risk Manager typically collaborate with other departments to manage organizational risks?

As a Sr Risk Manager, you will frequently work cross-functionally with teams such as compliance, legal, finance, and operations to identify, assess, and mitigate risks. This involves facilitating risk assessments, sharing findings with department leads, and developing action plans together. Effective communication skills and the ability to translate complex risk concepts into practical recommendations are essential. Regular meetings and reporting cycles help ensure risks are monitored and managed proactively across the organization.

What are the key skills and qualifications needed to thrive as a Sr Risk Manager, and why are they important?

To thrive as a Sr Risk Manager, you need deep expertise in risk assessment, financial analysis, regulatory compliance, and typically a bachelor's or master's degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (Governance, Risk, and Compliance) systems, and certifications like FRM or CRM are often required. Strong analytical thinking, leadership, and effective communication skills help in influencing decision-makers and leading cross-functional teams. These competencies are essential for identifying, mitigating, and communicating risks to protect the organization’s assets and reputation.

What is the difference between Sr Risk Manager vs Risk Analyst?

AspectSr Risk ManagerRisk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, risk management certifications)Often requires a bachelor's degree, some certifications preferred
Work EnvironmentStrategic, leadership-focused, often managerialAnalytical, data-driven, support role
Employer & Industry UsageUsed in finance, insurance, corporate sectors for risk oversightCommon in finance, banking, and insurance for risk assessment

The main difference between a Sr Risk Manager and a Risk Analyst lies in their responsibilities and experience level. The Sr Risk Manager oversees risk strategies and manages teams, requiring more advanced credentials and strategic thinking. In contrast, the Risk Analyst focuses on data analysis and risk assessment tasks, often serving as a support role. Both roles are vital in risk management but differ in scope and seniority.

What are popular job titles related to Sr Risk Manager jobs in Indiana?

For Sr Risk Manager jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Sr Risk Manager jobs in Indiana look for?

The top searched job categories for Sr Risk Manager jobs in Indiana are:

What cities in Indiana are hiring for Sr Risk Manager jobs?

Cities in Indiana with the most Sr Risk Manager job openings:

Sr Risk Manager jobs near you
Infographic showing various Sr Risk Manager job openings in Indiana as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $112,530 per year, or $54.1 per hour.

Senior Strategy & Risk Consultant (hybrid)

Merrillville, IN • On-site

NiSource, Inc.
Utilities • 5 - 10K employees
Learn more about NiSource, Inc.external

Full-time

Posted 14 days ago

NiSource rating

8.2

Company rating: 8.2 out of 10

Based on 31 frontline employees who took The Breakroom Quiz

Job description

Senior Strategy & Risk Consultant
We are looking to hire someone to work in either our Columbus, Ohio or Merrillville, IN office (3 days/week hybrid schedule)
Job Summary
The Strategy and Risk team helps NiSource make decisions under uncertainty. The team leverages its integrated capabilities and expertise to deliver comprehensive analyses and innovative solutions across the enterprise. The Consultant Job Family team member effectively participates on a variety of cross-functional project teams that provide a wide range of internal and external research to NiSource. They will provide dedicated analysis, consultation and collaboration across functions for the development and communication of appropriate strategies, programs and plans necessary to address current and future issues facing our environment across NiSource. They will evaluate, make recommendations and drive to closure specific projects related to regulatory strategy, risk, and insurance. They will maintain an external perspective of industry best practices.
Essential Functions
  • Performs industry, competitor, and customer analyses; monitor and evaluate impact of trends; watch for key opportunities and barriers; gather quantitative and qualitative data
  • Builds models in Excel to analyze data and financial decisions.
  • Leverages enterprise risk reporting information, researching primary and secondary risk impacts. Uses key risk management tools such as: risk registers, risk dashboards, tracking metrics, and monitoring mitigation strategy.
  • Identifies and understands issues, problems, and opportunities; compares data from different sources to draw conclusions; uses effective approaches for choosing course of action or developing appropriate solutions; takes action that is consistent with available facts, constraints, and probable consequences.
  • Assists with the creation and updating materials to be presented to the Risk Management Committee and Strategy Council comprised of the Executive Council and other executive audiences.
  • Compiles, organizes and formats data, including quantitative and qualitative analysis required for internal and external reporting. Researches reporting issues, assists with the adoption of new reporting requirements, and builds business case development and financial models.
  • Lead project tasks under direction of Senior/ Lead Consultants, including tracking resources and deliverables.
  • Thrive in ambiguous environments by demonstrating adaptability, critical thinking, and proactive problem solving to navigate uncertainty and deliver effective outcomes.
  • Senior Strategy and Risk Consultant
  • Includes Strategy and Risk Analyst duties plus:
  • Conducts various analyses for the development of strategy, risk, and insurance programs
  • Creates materials to be presented to the Risk Management Committee and Strategy Council comprised of the Executive Counsel and other executive audiences.
  • Solves problems in the areas of strategy, risk, and insurance by applying econometric, actuarial science, and/or statistical methodologies.
  • Leverages innovative and analytical approaches to make recommendations for risk appetite, risk tolerances, capital allocations and returns on allocated capital.
  • Analyzes and researches financial, market, and regulatory environments through the lens of customers and other stakeholders.
  • Partner with internal and external SMEs to test and refine methodologies for assessing a wide range of risks across the company.
  • Translates technical analyses into communication materials to effectively present to colleagues for peer review and discussions with stakeholders.
  • Develop and deliver high impact Power Point presentations with advanced formatting, visualization, and story telling techniques to effectively communicate complex information to diverse audiences including senior leadership.
  • Design and implement comprehensive strategy methodologies, including scenario planning, strategic frameworks, and roadmaps to drive alignment across cross functional teams and achieve organizational goals.
  • Lead the execution of strategy methodologies by aligning cross functional teams, monitoring progress against roadmaps, and ensuring the integration of strategic initiatives into business plans and long range plans.
  • Demonstrate exceptional time management skills by efficiently prioritizing tasks, meeting tight deadlines, and delivering high quality results in a fast paced, dynamic environment.

Required Qualifications For Position
  • Bachelor's Degree from an accredited college/university in Business, Finance, Accounting, Economics, Engineering, Actuarial Science, Mathematics, Statistics or related discipline (or equivalent experience).
  • Experience using Excel to analyze data.
  • Experience applying economic, statistic, and econometric concepts/ methods.
  • 4-6 years (Minimum of two (2) years) of relevant experience (e.g., corporate strategy, accounting, financial planning, risk, legal, insurance, etc.).
  • Proven experience in producing accurate and timely work with minimal supervision.
  • Proven experience in identifying and resolving complex problems and manage conflicts.
  • Proven experience in leading and coordinating projects and supervise the work of others.
  • Demonstrated critical thinking and analytical skills.
  • Demonstrated planning, organizational, and time management skills.
  • Ability to work in a fast paced environment and meet deadlines.
  • Intermediate skillset in Microsoft Office (Excel, Word), experience handling large amounts of data and building financial or other decision support models in Excel and advanced Microsoft Office (Power Point) story telling ability
  • Advanced interpersonal and written communication skills, including ability to represent the company to external stakeholders, as well as provide presentation preparation and leadership to senior executives within the company.

Preferred Additional Qualifications for Position
  • Previous electric or gas utility experience.
  • Experience with a variety of problem solving tools and techniques (e.g. failure mode, stochastic modeling, cause analysis, fault tree, quantitative analysis, Monte Carlo simulations, etc.).
  • Masters in Business Administration
  • Operational Excellence experience
  • Project Management experience
  • Effectively communicate with senior leadership by crafting clear, concise, and impactful messages by providing strategic recommendations to drive informed decision making
  • Ensuring seamless scheduling to optimize productivity and time management

As a public utility, NiSource provides essential services to customers 24/7. Emergency needs can arise at various times throughout the year, including during storm season. Employees may be required to support emergency response efforts, which could include working outside normal hours or assisting with tasks outside of typical responsibilities.
Work Authorization
Candidates must be legally authorized to work in the United States and must not require employer sponsorship now or in the future.
Workplace Connection
We value a workplace where everyone feels respected, included, and able to do their best work. We encourage open dialogue, value different perspectives, and work collaboratively with employees, customers, and partners.
We recognize and respect the unique experiences people bring, including different backgrounds, cultures, and viewpoints. We treat others with professionalism and care, and we each play a part in creating a positive work environment.
Veteran Hiring & Inclusion
NiSource is proud to support veterans, transitioning service members, and military spouses. We value the leadership, teamwork, and mission-focused experience the military community brings, and we are committed to providing an inclusive workplace with opportunities for professional growth and development.
Equal Employment Opportunity
NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle.
By applying, you may also be considered for other roles that match your skills and experience.
ADA Accommodations
If you need a reasonable accommodation to participate in any stage of the hiring process or to perform the essential functions of the position, please contact OneHR at OneHR@nisource.com or 1-888-640-3320
Safety Statement
Safety is a core value at NiSource. Employees are expected to follow safety requirements, report hazards, and help maintain a safe environment for themselves and their coworkers.
E-Verify
NiSource participates in the U.S. Department of Homeland Security's E-Verify program. Please review the following notices regarding your rights and responsibilities under U.S. law.
  • E-Verify Poster (English and Spanish)
  • Right to Work Poster (English and Spanish)

Salary Range*:
$82,200.00 - $123,200.00
*The salary offered to a candidate is based on several factors including but not limited to the candidate's skills, job-related knowledge, and relevant experience, as well as internal pay equity.
Posting Start Date:
2026-09-01
Posting End Date (if applicable):
2026-09-15Please note that the job posting will close on the day before the posting end date.

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