Risk Manager
What Does a Professional in this Career Do?
A Risk Manager evaluates risk and recommends and manages strategies to mitigate or offset risks that could result in financial losses for a company or organization. Analyzes current risks and assesses potential new risks. Reviews contracts and insurance policies; prepares risk budgets. Communicates risk policies and procedures to staff at all levels of a company.
Job Outlook
There were 1787 Risk Manager job postings in North Carolina in the past year and 36221 in the United States.
In combination with other careers in the Risk Manager / Analyst industry, which includes the Risk Manager career, the following graph shows the number of people employed for each year since 2016:
Salary
Many new Risk Manager jobs have salaries estimated to be in the following ranges, based on the requirements and responsibilities listed in job postings from the past year.
National
The average estimated salary in the United States for this career, based on job postings in the past year, is $110,089.
State
The average estimated salary in North Carolina for this career, based on job postings in the past year, is $114,220.
Percentiles represent the percentage that is lower than the value. For example, 25% of estimated salaries for Risk Manager postings in the United States in the past year were lower than $88,930.
Education and Experience
Posted Risk Manager jobs typically require the following level of education. The numbers below are based on job postings in the United States from the past year. Not all job postings list education requirements.
| Education Level | Percentage |
|---|---|
| Associate's Degree | 0% |
| Bachelor's Degree | 71.4% |
| Master's Degree | 28.23% |
| Doctoral Degree | 4.22% |
| Other | 6.82% |
Posted Risk Manager jobs typically require the following number of years of experience. The numbers below are based on job postings in the United States from the past year. Not all job postings list experience requirements.
| Years of Experience | Percentage |
|---|---|
| 0 to 2 years | 11.69% |
| 3 to 5 years | 47.53% |
| 6 to 8 years | 24.81% |
| 9+ years | 15.97% |
Skills
Below are listings of the most common general and specialized skills Risk Manager positions expect applicants to have as well as the most common skills that distinguish individuals from their peers. The percentage of job postings that specifically mention each skill is also listed.
Baseline Skills
A skill that is required across a broad range of occupations, including this one.
- Management (66.12%)
- Communication (55.02%)
- Leadership (43.17%)
- Operations (31.03%)
- Governance (28.25%)
- Problem Solving (27.91%)
- Detail Oriented (20.9%)
- Microsoft Excel (20.73%)
- Writing (20.13%)
- Influencing Skills (19.84%)
Alternative Job Titles
Sometimes employers post jobs with Risk Manager skills but a different job title. Some common alternative job titles include:
- Risk Management Manager
- Third Party Risk Manager
- Compliance Risk Manager
- Enterprise Risk Manager
- Risk Management Specialist
- Risk Management Analyst
- Credit Risk Manager
- Cyber Risk Manager
- Operational Risk Manager
Similar Occupations
If you are interested in exploring occupations with similar skills, you may want to research the following job titles. Note that we only list occupations that have at least one corresponding NC State Online and Distance Education program.
Common Employers
Here are the employers that have posted the most Risk Manager jobs in the past year along with how many they have posted.
United States
- JPMorgan Chase (1283)
- Deloitte (856)
- Amazon (807)
- Capital One (785)
- Citigroup (745)
- PricewaterhouseCoopers (714)
- TD Bank (714)
- Royal Bank of Canada (576)
- KPMG (507)
- Accenture (452)
North Carolina
- Truist Financial (186)
- First Citizens Bank (184)
- Bank of America (98)
- TD Bank (97)
- Wells Fargo (96)
- Royal Bank of Canada (57)
- US Bank (44)
- Deloitte (43)
- USAA (40)
- PricewaterhouseCoopers (35)
NC State Programs Relevant to this Career
If you are interested in preparing for a career in this field, the following NC State Online and Distance Education programs offer a great place to start!
- Management, Risk and Analytics Master's Degrees
- Sport and Entertainment Venue Management Graduate Certificates
All wages, job posting statistics, employment trend projections, and information about skill desirability on this page represents historical data and does not guarantee future conditions. Data is provided by and downloaded regularly from Lightcast. For more information about how Lightcast gathers data and what it represents, see Lightcast Data: Basic Overview on Lightcast's Knowledge Base website.