Enterprise Risk Manager

Career Guide

Enterprise Risk Managers help organizations identify, assess, and reduce risks that could impact strategy, operations, finances, compliance, or reputation. They connect business leaders, data, and controls to keep risk decisions consistent and well documented.

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Key Responsibilities

Build and maintain an enterprise risk framework and risk policies
Run regular risk assessments across business units
Create and update the enterprise risk register
Define risk appetite and risk tolerance with leadership
Design and track risk indicators and early warning signals
Facilitate risk workshops and executive risk discussions
Coordinate risk reporting for senior leadership and boards
Partner with compliance, audit, legal, and security teams
Oversee remediation plans and validate completion
Support scenario analysis and stress testing for major risks
Ensure third party and vendor risk is assessed and monitored
Improve risk governance and decision making processes

Top Skills for Success

Stakeholder Management

Executive Communication

Structured Problem Solving

Program Management

Risk Assessment

Risk Reporting

Risk Governance

Control Design

Policy Development

Scenario Analysis

Regulatory Knowledge

Cyber Risk Awareness

Third Party Risk Management

Data Analysis

Career Progression

Can Lead To

Senior Enterprise Risk Manager

Director of Enterprise Risk

Head of Enterprise Risk

Chief Risk Officer

Risk and Compliance Leader

Operational Resilience Leader

Transition Opportunities

Internal Audit Manager

Compliance Manager

Information Security Risk Manager

Business Continuity Manager

Financial Risk Manager

Governance Leader

Common Skill Gaps

Often Missing Skills

Board Level CommunicationRisk QuantificationRisk Indicator DesignScenario PlanningControl TestingThird Party Risk DepthCybersecurity FundamentalsRegulatory Writing

Development SuggestionsBuild a small portfolio of risk outputs, such as a risk register sample, a risk dashboard mockup, and a board ready risk summary. Strengthen quantification by learning basic modeling, probability thinking, and impact estimation. Partner with audit and security teams to learn how controls are tested and how cyber risks are described in business terms.

Market Intelligence Report

Enterprise Risk Manager is part of the Risk Management category.Explore our market intelligence report to see how AI and hiring demand are shifting for these roles.

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Salary & Demand

Median Salary Range

Entry LevelUS$90,000 to US$115,000

Mid LevelUS$115,000 to US$150,000

Senior LevelUS$150,000 to US$210,000

Growth Trend

Steady to strong demand, driven by cybersecurity threats, regulatory scrutiny, third party risk, and board level focus on resilience. Hiring is especially active in financial services, healthcare, technology, and regulated industries.

Companies Hiring

Major Employers

JPMorgan ChaseBank of AmericaWells FargoCitigroupGoldman SachsMorgan StanleyCapital OneVisaMastercardUnitedHealth GroupCVS HealthCignaKaiser PermanenteAmazonMicrosoftGoogleAppleMetaSalesforceIBMDeloittePwCEYKPMG

Industry Sectors

BankingInsuranceAsset ManagementPaymentsHealthcarePharmaceuticalsTechnologyRetailEnergyTelecommunicationsGovernment ContractorsConsulting

Recommended Next Steps

Benchmark your current work against an enterprise risk framework and identify gaps

Create a repeatable risk assessment template and run it with one business unit

Develop a set of risk indicators and define ownership and review cadence

Practice turning complex risks into a one page executive summary

Pursue a risk focused credential if it fits your industry, such as CRISC, CISM, or an ERM certificate

Set up informational interviews with enterprise risk leaders in your target industry

Tailor your resume to outcomes, such as risks reduced, controls improved, and decisions enabled