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Careers›Roles›Risk Management Manager
Mid-Level

Risk Management Manager

You manage a risk-management function — insurance, claims, loss-prevention, business-risk programs — for a company, institution, or specialty risk operation, owning program performance, team leadership, and the operational discipline behind risk-management work.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
C
I
E
S
R
A
Conventionalorganizing, detail-oriented
Investigativeanalytical, curious
Based on Holland Code framework
Industries that often hire Risk Management Managers
Wholesale & DistributionFinancial Services · 63%Professional Services · 11%Government · 3%Administrative Services · 2%Technology & Information · 2%
Job markets for Risk Management Managers
Where Risk Management Manager jobs concentrate · ~118 metro areas
Based on employment in related occupations
Mapped SOC categories:
Business Operations
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Risk Management Manager

A risk-management manager's week threads across program oversight, team leadership, and stakeholder engagement — sitting in operations and risk-committee meetings, supporting major claims or loss events, leading insurance-program renewals, mentoring team members on technical risk work. Program performance, incident outcomes, and team development anchor the operating measures.

The harder part is often the value-proof dimension — risk management's wins are invisible (claims that didn't happen, incidents prevented, losses mitigated), and budget cycles question the spend against more visible operational investments. Variance across employers shapes the role: corporate risk-management departments run insurance, claims, and loss-prevention programs; financial-services firms run market and credit risk under specialized structures; healthcare and other regulated sectors run risk-management under specific regulatory frameworks.

The role tends to fit people operationally fluent across risk categories, comfortable in executive forums, and steady through claims and incident-response cycles. ARM, CPCU, CRMP, and CIA credentials anchor advancement. The trade-off is the asymmetric attention — risk managers face heaviest scrutiny exactly when adverse events surface, and the role suits those steady under cycle-driven visibility.

What people in this role value
Work values data not available for this role.
✦ Editorial — written by Truest from industry research and career patterns

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Career Paths

Where this role sits in the broader career landscape — and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Technology & Information$101K+9%
Energy & Utilities$100K+8%
Professional Services$98K+6%
Financial Services$83K-11%
Government$76K-17%
Compared to Business Operations average across all industries
1 BLS OEWS May 2024 covers all Risk Management Managers (SOC 13-2054.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Business Operations →
Risk Management ManagerLoss Prevention Operations ManagerRisk Model AuditorOperational Risk ManagerSecurity ConsultantRisk ManagerSecurities ConsultantAnalystBank and Savings Securities TraderBond AnalystSecurities AnalystEquity Research AnalystSecurities Research AnalystCorporate Securities Research AnalystRisk AnalystRisk Control ConsultantCredit Risk AnalystEstate ExecutorRisk SpecialistMarket Risk AnalystBusiness Risk ManagerFinancial Risk AnalystLoss Control InspectorMarket Risk SpecialistCompliance Risk Manager+1 more

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✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$62K–$182K
Salary Range
10th – 90th percentile
56K
U.S. Employment
+6.5%
10yr Growth
5K
Annual Openings

How Risk Management Manager pay & employment are changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

No skills data available

O*NET OnLine · Bureau of Labor Statistics
Mapped SOC Codes
13-2054.00

Explore related roles

Roles with similar work and overlapping career paths

directorRisk Management Director$162KmidLoss Prevention Operations Manager$137KmidRisk Model Auditor$80KmidOperational Risk Manager$104KmidSecurity Consultant$95KseniorSenior Security Consultant$95K
View all Business Operations roles →

Common questions about what it's like to be a Risk Management Manager

What does a Risk Management Manager do?

You manage a risk-management function — insurance, claims, loss-prevention, business-risk programs — for a company, institution, or specialty risk operation, owning program performance, team leadership, and the operational discipline behind risk-management work.

How much does a Risk Management Manager make?

Median pay for a Risk Management Manager is about $106K nationally, with the field ranging roughly from $62K to $182K depending on experience, employer, and metro (BLS).

Is a Risk Management Manager in demand?

Employment in this field is projected to grow about 6.5% through 2034, with roughly 56,320 people working in it today (BLS).

What jobs are similar to a Risk Management Manager?

Closely related roles include Risk Management Director, Loss Prevention Operations Manager, and Risk Model Auditor.

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.

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