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Risk Manager

FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

The Risk Manager reports to the Chief Financial Officer and is responsible for the management of the corporate insurance and personal lines functions. Candidates should have a bachelor’s degree in one of the identified areas, as well as a risk management certification or advanced degree. Candidates for this position should have at least 10 years of experience, with such experience including an international remit. Typical travel is anticipated at less than 10% per year. The position requires excellent written and verbal communication skills, and in-depth understanding of risk management principles, strategies and concepts, as well as excellent management skills to be applied across various disciplines. The successful candidate must be able to think critically, operate independently, and communicate complex information to multiple levels of management.

 

As a key management position with authority to make decisions on risk management issues affecting FM. This position is responsible for:

 

• The development, implementation and monitoring of the organization's corporate risk and insurance programs including associated loss control programs

 

• Administering risk management programs to control and mitigate risks and losses to FM on a global basis

 

• Identifying and managing cost effective risk transfer solutions

 

• Management oversight of the organization's US and Canadian homeowner's insurance program

 

Manage the global corporate insurance program, including coverage, pricing and marketing strategies; manage claims and loss control programs; oversee engineering property risk at FM owned and leased locations in collaboration with Corporate Real Estate and Engineering functions

 

Manage the strategic direction, development and implementation of the corporate insurance and personal lines functions

 

Advise corporate real estate and Hobbs Brook Real Estate (subsidiary) on appropriate insurance terms and conditions for global construction projects, leases and vendor contracts

 

Develop and implement loss control programs and manage material claims with broker and/or legal department

 

Ensure insurance coverage is appropriate for high profile events (i.e. RIMS, LPGA)

 

 

  • Bachelor’s Degree (Risk Management and Insurance, Accounting, Finance or Business Administration degree required)
  • Risk Manager certification (E.g., CRM, ARM) or advanced degree (MBA, JD) required
  • 10 or more years of experience in the risk management field. 5 years of international experience preferred with emphasis in risk management, underwriting and/or brokerage
  • Travel obligations (10%) would include those related to corporate events (i.e. RIMS, Worldwide Conference, etc.), trainings/seminars (as required), underwriting meetings with insurers of FM and other business-related needs

The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

 

FM is an Equal Opportunity Employer and is committed to attracting, developing and retaining a diverse workforce.

Average salary estimate

$125000 / YEARLY (est.)
min
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$100000K
$150000K

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What You Should Know About Risk Manager, FM

Are you ready to take on an exhilarating challenge as a Risk Manager at FM in the beautiful state of Rhode Island? FM is not just any property insurer; we are the leading choice for over one-third of FORTUNE 1000 companies, helping them safeguard their operations with top-notch risk management and property insurance solutions. As a Risk Manager, you’ll work directly with our Chief Financial Officer, driving the corporate insurance and personal lines functions. With a stunning career built over at least a decade in the risk management field, including international experience, you’ll dive into crucial tasks like developing, implementing, and monitoring our global insurance programs. Your critical thinking and excellent communication skills will make a ripple effect across various levels of management, making you a key decision-maker in our organization. You’ll also lend your expertise in loss prevention, claims management, and strategic direction for our corporate and personal insurance functions. If you possess a bachelor’s degree in Risk Management, Finance, or a related field, paired with certifications such as CRM or ARM, then you are the perfect fit for this role. And while we anticipate some travel of less than 10% a year, the rewarding journey of managing risk while collaborating with a dynamic and diverse team awaits you. At FM, we believe in investing in our employees, which is why our comprehensive Total Rewards program offers fantastic benefits like health packages, career development opportunities, and a robust 401(k). Join us in making a difference!

Frequently Asked Questions (FAQs) for Risk Manager Role at FM
What responsibilities will the Risk Manager at FM undertake?

As a Risk Manager at FM, you will be responsible for the development, implementation, and monitoring of corporate risk and insurance programs. This includes overseeing loss control programs, managing claims, and ensuring that the organization’s global property risks are adequately covered.

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What qualifications are required for the Risk Manager position at FM?

Candidates seeking the Risk Manager position at FM must have a bachelor’s degree in Risk Management, Accounting, Finance, or Business Administration. Additionally, a risk management certification such as CRM or ARM, or an advanced degree like an MBA or JD, along with at least 10 years of experience in the risk management industry, is necessary.

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Is international experience necessary for the Risk Manager role at FM?

While it’s not strictly mandatory, having at least 5 years of international experience is preferred for the Risk Manager position at FM. This experience can greatly enhance your ability to manage diverse risks across different regions effectively.

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What types of programs will the Risk Manager manage at FM?

The Risk Manager at FM will oversee various programs, including the US and Canadian homeowner's insurance programs, corporate insurance, and personal lines functions. You will also be in charge of administrating risk management programs that aim to mitigate losses globally.

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What career development opportunities does FM provide for Risk Managers?

FM offers comprehensive career development opportunities for Risk Managers, including access to training programs, tuition reimbursement for further education, and pathways for advancement within the organization. You will also be a part of a diverse and dynamic work culture.

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Common Interview Questions for Risk Manager
How do you approach risk assessment and management?

Start by discussing your systematic approach to identifying risks. Explain how you evaluate potential impacts and the steps you take to develop effective mitigation strategies that align with organizational goals.

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Can you give an example of a successful insurance program you implemented?

Share a specific project that highlights your ability to build and maintain an insurance program. Talk about the research, analysis, and execution process, as well as the positive outcomes for the organization.

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What strategies do you use to communicate complex risk information to management?

Discuss your ability to tailor communication styles based on your audience. Provide examples of how you translate technical risk data into actionable insights for different levels of management.

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How do you monitor and evaluate the effectiveness of risk management programs?

Explain your methodology for regular evaluations. Mention tools or metrics you utilize, and provide details on adjustments you've made based on your evaluations.

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What role does user feedback play in your risk management strategy?

Highlight the importance of gathering and analyzing stakeholder feedback. Share how incorporating feedback can enhance risk management practices and improve overall effectiveness.

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How do you ensure compliance with legal and regulatory requirements in insurance programs?

Discuss your knowledge of current regulations and how you keep abreast of changes. Mention processes you implement to ensure that all programs consistently comply with these requirements.

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Describe a time you successfully managed a claim. What was your approach?

Provide a narrative that details your process in managing the claim, from initial reporting to resolution. Highlight any challenges faced and how you addressed them effectively.

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How do you handle disputes with insurers or stakeholders?

Talk about your conflict resolution strategies and emphasize your negotiation skills. Provide an example where you maintained professionalism while achieving a successful outcome.

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What current trends do you see affecting the risk management industry?

Discuss recent developments in technology, legislation, or market forces. Offer insights into how these trends may affect the risk management landscape and what proactive measures you would advocate.

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What tools or software do you rely on for risk management?

Mention specific software or tools you have experience with, highlighting how they assist you in data analysis, reporting, or communication. Show your understanding of how technology can enhance risk management processes.

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FM is a leading commercial property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. For more than 175 years, clients h...

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Full-time, on-site
DATE POSTED
April 12, 2025

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