Risk Management Manager
Career GuideKey Responsibilities
- Develop and maintain a risk management framework
- Lead risk assessments across business areas
- Maintain an enterprise risk register and risk reporting
- Design and track risk controls and mitigation plans
- Partner with legal, compliance, security, finance, and operations teams
- Support internal audits and regulatory examinations
- Create executive summaries for leadership and board updates
- Investigate incidents and coordinate root cause analysis
- Set risk policies, standards, and governance routines
- Train teams on risk awareness and control ownership
Top Skills for Success
Risk Assessment
Control Design
Control Testing
Risk Reporting
Regulatory Awareness
Third Party Risk Management
Incident Management
Root Cause Analysis
Stakeholder Management
Executive Communication
Project Management
Data Analysis
Career Progression
Can Lead To
Senior Risk Manager
Enterprise Risk Manager
Operational Risk Manager
Third Party Risk Manager
Business Continuity Manager
Compliance Manager
Internal Audit Manager
Transition Opportunities
Director of Risk Management
Head of Enterprise Risk
Chief Risk Officer
Director of Governance
Director of Compliance
Director of Security Risk
Common Skill Gaps
Often Missing Skills
Quantitative Risk ModelingRisk Appetite SettingKey Risk Indicator DesignBoard Level ReportingThird Party Contract Risk ReviewCyber Risk FundamentalsBusiness Continuity Planning
Development SuggestionsStrengthen one specialty area such as third party risk, operational risk, or cyber risk while improving executive storytelling. Build a portfolio of risk assessments, mitigation plans, and clear metrics that show how risk changes over time.
Salary & Demand
Median Salary Range
Entry LevelUSD 90,000 to 120,000
Mid LevelUSD 120,000 to 160,000
Senior LevelUSD 160,000 to 220,000
Growth Trend
Steady demand, with stronger hiring in financial services, insurance, healthcare, technology, and heavily regulated industries. Demand rises during regulatory change, economic uncertainty, and increased cyber and third party risk.Companies Hiring
Major Employers
JPMorgan ChaseBank of AmericaWells FargoCitigroupGoldman SachsMorgan StanleyAmerican ExpressVisaMastercardUnitedHealth GroupCVS HealthAmazonGoogleMicrosoftDeloittePwCEYKPMG
Industry Sectors
BankingInsurancePaymentsHealthcareTechnologyRetailEnergyManufacturingGovernmentConsulting
Recommended Next Steps
1
Create a one page risk assessment sample with clear scoring, controls, and mitigation actions2
Build a simple risk register template and reporting dashboard using common office tools3
Take a recognized risk certification aligned to your industry requirements4
Practice executive updates by writing short monthly risk summaries5
Partner with procurement and security teams to learn third party risk workflows6
Run a tabletop incident exercise and document lessons learned7
Update your resume with outcomes such as reduced losses, fewer incidents, faster remediation, and improved audit results