How to hire a risk management consultant

How to hire a risk management consultant, step by step

Here's a step-by-step risk management consultant hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a risk management consultant job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new risk management consultant
• Step 8: Go through the hiring process checklist

What does a risk management consultant do?

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1. Identify your hiring needs

   Before you start hiring a risk management consultant, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   Hiring the perfect risk management consultant also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   Here's a comparison of risk management consultant salaries for various roles:

   Type of Risk Management Consultant	Description	Hourly rate
   Risk Management Consultant	Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.	$32-59
   Consultant	Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field... Show more	$27-51
   Solutions Consultant	A solutions consultant is a professional who has an in-depth knowledge of technology that can help a company to overcome issues, increase sales, and have a better connection with their customers. Solutions consultants are responsible for heading the installment of customized software solutions and train dealers and customer sales engineers to administer the customized solution... Show more	$32-62

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Project Management
   • Infrastructure
   • Risk Assessments
   • NIST
   • Internal Controls
   • Healthcare
   • Regulatory Compliance
   • Regulatory Risk
   • ISO
   • Enterprise Risk Management
   • Internal Audit
   • Data Analysis
   • Monte Carlo Simulation
   • SQL

   Check all skills

   Responsibilities:

   • Lead clients in establishing information security policies and procedures to establish SOX compliance.
   • Analyze and manage implementation of operational and organizational structures and technology architectures in addition to ERP package selection.
   • Manage a team responsible for designing service-orient application architecture, standards and best practices guidelines, security and data access frameworks.
   • Conduct data-mining training sessions using SAS for managers and support personnel at major financial institutions.
   • Correct audit deficiencies to be GAAP compliant.
   • Develop accurate and reliable financial reports that comply with GAAP.

   More risk management consultant duties

3. Make a budget

   Including a salary range in your risk management consultant job description is a great way to entice the best and brightest candidates. A risk management consultant salary can vary based on several factors:

   • Location. For example, risk management consultants' average salary in arkansas is 40% less than in new jersey.
   • Seniority. Entry-level risk management consultants earn 45% less than senior-level risk management consultants.
   • Certifications. A risk management consultant with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a risk management consultant's salary.

   Average risk management consultant salary

   $91,520yearly

   $44.00 hourly rate

   ---

   Entry-level risk management consultant salary

   $68,000 yearly salary

   Updated December 16, 2025

   Average risk management consultant salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New Jersey	$111,017	$53
   2	New York	$106,340	$51
   3	California	$105,913	$51
   4	North Carolina	$104,681	$50
   5	Texas	$103,428	$50
   6	Massachusetts	$103,291	$50
   7	District of Columbia	$102,445	$49
   8	Washington	$100,356	$48
   9	Connecticut	$100,236	$48
   10	Virginia	$98,412	$47
   11	New Hampshire	$97,901	$47
   12	Illinois	$92,307	$44
   13	Oklahoma	$91,820	$44
   14	Colorado	$91,415	$44
   15	Georgia	$91,034	$44
   16	Oregon	$90,756	$44
   17	Nevada	$90,076	$43
   18	Pennsylvania	$87,352	$42
   19	Ohio	$87,037	$42
   20	Kentucky	$85,767	$41

   Average risk management consultant salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Riskmetrics Group Holdings LLC	$119,058	$57.24
   2	Citi	$111,933	$53.81	23
   3	Toyota Financial Svc	$110,116	$52.94	1
   4	AIG	$106,391	$51.15	23
   5	Morgan Stanley	$105,665	$50.80	96
   6	Inter-American Development Bank	$105,012	$50.49
   7	W. R. Berkley	$102,496	$49.28	6
   8	Takeda Pharmaceuticals U.S.A., Inc.	$100,355	$48.25	23
   9	Strategic Staffing Solutions	$98,546	$47.38
   10	Nationwide Financial	$98,467	$47.34
   11	Farmers Insurance	$98,003	$47.12	3
   12	Northwestern Mutual	$97,306	$46.78	9
   13	IDB Invest	$97,195	$46.73
   14	Hewlett Packard Enterprise	$96,675	$46.48	33
   15	Point B	$96,162	$46.23	4
   16	Baldwin Risk Partners	$96,025	$46.17	3
   17	COMMUNITY BANCORP INC	$96,017	$46.16
   18	RMS Management	$95,999	$46.15
   19	Federated Life Insurance Company	$95,999	$46.15	6
   20	Blue Cross & Blue Shield	$95,999	$46.15	20

4. Writing a risk management consultant job description

   A risk management consultant job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a risk management consultant job description:

   Risk management consultant job description example

   Identifies property and casualty exposures and provides risk management cost control services. Consults with policyholders and internal partners to reduce policyholder loss potential. Supports effective P&C underwriting with timely and accurate policy rating and risk information. Works under general supervision and guidance within specific limits and authority on assignments of small to medium size and higher technical complexity. All tasks are to be performed with the goal of achieving an underwriting profit and demonstrating Zenith's superior Ag property and casualty expertise.
   The essential functions of this position include, but are not limited to, the following:
   
   Conduct assigned underwriting surveys at prospect and policyholder locations to define business operations, and key property & casualty exposures and controls. Identify and evaluate the following property & casualty exposures: fire sprinkler systems, alarm systems, water supplies, hydrant systems for both private and public systems, commercial auto; and product liability. Identify and evaluate effectiveness of prospect and policyholder food safety programs. Evaluate effectiveness of prospect and policyholder safety programs and initiatives. Identify moderate complexity engineering and/or administrative controls to reduce property & casualty loss potential. Develop ability to use analyze loss data to identify key trends and prioritize policyholder service needs. Develop risk management service plans and performs ongoing consultation to assigned service accounts. Develop and submit recommendations that reduce policyholder property and liability exposures. Influence policyholders to implement risk management recommendations. Build and maintain productive policyholder and agency work relationships. Prepare effective reports for policyholders and internal partners. Conduct effective investigation of small to medium sized property and casualty related incidents and losses. Conduct policyholder training primarily based on need. Market Zenith Agribusiness and the Risk Management department. Meet department standards for individual work quality, productivity, and time service. Apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions. Work productively and harmoniously with others on a consistent basis. Respond positively to direction and feedback on performance. Consistently maintain professional and appropriate demeanor. Perform other duties as assigned.
   
   Education, Skills, and Requirements
   
   Bachelor's Degree or equivalent combination of training/experience safety and health, risk management, science, engineering or related technical curriculum or equivalent combination of training/experience required 1+ year risk management, loss control or safety and health experience required Willing to begin working toward recognized professional designation such as CSP, ARM, AFIS, CPCU, etc. Knowledge of property & casualty insurance; including basic understanding of underwriting and claims practices Effective communication, sales and presentation skills Knowledge of Microsoft Office Suite and other common business software Ability to learn and use proprietary Zenith Agribusiness systems Ability to effectively operate mobile computer and communication devices Driver License in good standing
   
   *Qualifications may warrant placement in a different job level*
   
   All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Zenith Insurance Company.

   Copy this example

   

5. Post your job

   There are a few common ways to find risk management consultants for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your risk management consultant job on Zippia to find and recruit risk management consultant candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Recruiting risk management consultants requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new risk management consultant

   Once you've decided on a perfect risk management consultant candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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