Risk ManagerSample Job Descriptions, Salaries, and Interview Questions

Risk managers typically work across a variety of different industries to ensure organizations make smart business decisions. They analyze and identify risk management issues that could impede the reputation, safety, security, or financial success of an organization. They compile data and information about an organization and its practices and legal obligations. They also observe and assess internal operations and evaluate the risk levels and implications. 

Risk managers analyze market trends, reports, statistics, and relevant documentation. They develop and implement contingency strategies and solutions to reduce and control risks and liabilities. Risk managers build risk awareness amongst staff by providing support and training within the company. Some risk managers are also responsible for investigating instances of fraud or unethical work practices. 

Sample job description

Average salary and compensation

The average salary for a risk manager is $126,700 per year in the United States. Salary ranges can vary widely depending on many important factors including education, certifications, additional skills, and years of experience.

LocationSalary LowSalary High
Phoenix, Arizona$126,000 $170,500 
Los Angeles, California$142,150 $192,350 
Denver, Colorado$118,450 $160,300
Washington, DC$144,300 $195,250
Miami, Florida$117,950 $159,550 
Orlando, Florida$108,750 $147,150
Tampa, Florida$109,850 $148,600 
Atlanta, Georgia$115,250$155,900
Chicago, Illinois$132,450$179,200 
Boston, Massachusetts$143,250$193,800
Minneapolis-St. Paul, Minnesota$114,150 $154,450 
New York City, New York$150,750 $204,000 
Philadelphia, Pennsylvania$122,750$166,100 
Dallas, Texas$119,550$161,750
Houston, Texas$118,450$160,300 
Seattle, Washington$137,850 $186,500 
National Average$107,700$145,700 

Sample interview questions

  • How do you stay up-to-date on the best practices of risk management?
  • What experience do you have writing and presenting risk assessment reports? 
  • What business and finance experience do you have?
  • What tools do you use to assess risk? 
  • How do you mitigate risk?
  • How can you perform risk identification?
  • Can you explain the meaning of Risk Breakdown Structure?
  • What are the types of project risks?
  • What are risk probability and risk impact?
  • In what ways can you enhance our risk management process?
  • Which part of the risk management job do you consider very challenging?
  • What are the different elements of a good risk report?
  • Are you comfortable presenting your findings to a large group?
  • Are you detail-oriented?
  • What is your management style?
  • Do you have extensive knowledge of industry compliance standards and regulations?
  • Are you proficient in risk management and financial analysis software?

Risk Manager Jobs in Ashburn

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