How to hire a risk management director

How to hire a risk management director, step by step

Here's a step-by-step risk management director 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 director job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new risk management director
• Step 8: Go through the hiring process checklist

What does a risk management director do?

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1. Identify your hiring needs

   Before you post your risk management director job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a risk management director for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

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

   Yes

   No

   A risk management director's background is also an important factor in determining whether they'll be a good fit for the position. For example, risk management directors from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

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

   Type of Risk Management Director	Description	Hourly rate
   Risk Management Director		$45-88
   Director	Directors work in show business, whether in a film, a television show, or a theatre production. They are responsible for bringing the material to life... Show more	$31-92
   Risk Manager	A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services... Show more	$40-76

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Oversight
   • Risk Assessments
   • Governance
   • Risk Management
   • Project Management
   • Patient Safety
   • Internal Audit
   • Patients
   • Portfolio
   • Operational Risk
   • Customer Service
   • ERM
   • Regulatory Compliance
   • Enterprise Risk Management

   Check all skills

   Responsibilities:

   • Manage budget process and ensure a positive ROI.
   • Manage all Sarbanes-Oxley, financial, internal and ad-hoc audit activities.
   • Manage Fujitsu-Siemens relationship for the Americas.
   • Enhance CRM analytics for managing consumer interactions during multi-channel service transactions.
   • Manage an establish insurance program, including super vision and oversight of safety management programs.
   • Manage customer expectations and assist customers and partners in understanding the required project steps and deliverables for a successful CRM implementation.

   More risk management director duties

3. Make a budget

   Including a salary range in the risk management director job description is a good way to get more applicants. A risk management director salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

   For example, the average salary for a risk management director in Alaska may be lower than in Vermont, and an entry-level engineer typically earns less than a senior-level risk management director. Additionally, a risk management director with lots of experience in the field may command a higher salary as a result.

   Average risk management director salary

   $133,286yearly

   $64.08 hourly rate

   ---

   Entry-level risk management director salary

   $95,000 yearly salary

   Updated December 16, 2025

   Average risk management director salary by state

   Rank	State	Avg. salary	Hourly rate
   1	District of Columbia	$150,093	$72
   2	California	$144,228	$69
   3	Massachusetts	$140,139	$67
   4	New York	$139,924	$67
   5	Utah	$137,780	$66
   6	Nevada	$137,293	$66
   7	Washington	$136,824	$66
   8	Connecticut	$134,819	$65
   9	Michigan	$134,755	$65
   10	Ohio	$131,651	$63
   11	Virginia	$131,324	$63
   12	Oklahoma	$130,548	$63
   13	Kentucky	$128,538	$62
   14	Oregon	$128,499	$62
   15	New Jersey	$126,838	$61
   16	Maryland	$126,289	$61
   17	Illinois	$125,595	$60
   18	Georgia	$125,520	$60
   19	Kansas	$121,970	$59
   20	Wisconsin	$121,029	$58

   Average risk management director salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Conning	$156,268	$75.13	1
   2	Remitly	$151,305	$72.74	2
   3	Exelixis	$150,623	$72.41	1
   4	Barclays	$149,826	$72.03	2
   5	CIBC World Markets	$149,184	$71.72	1
   6	SoFi	$148,850	$71.56	9
   7	First Republic Bank	$148,386	$71.34
   8	Santander Private Banking International	$148,224	$71.26	8
   9	Silicon Valley Bank	$148,115	$71.21
   10	CME Group	$147,950	$71.13	3
   11	eBay	$147,833	$71.07	7
   12	Federal Reserve	$147,797	$71.06	4
   13	DocuSign	$147,701	$71.01	3
   14	Chatham Financial	$147,301	$70.82
   15	CLS	$146,777	$70.57	1
   16	Federal Reserve Bank of New York	$144,126	$69.29
   17	J.P. Morgan	$142,828	$68.67
   18	Ernst & Young	$142,446	$68.48	537
   19	MUFG EMEA	$141,764	$68.16
   20	Deutsche Bank	$141,242	$67.90	19

4. Writing a risk management director job description

   A job description for a risk management director role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a risk management director job description:

   Risk management director job description example

   • Minimum of 15 years of AML compliance or risk and controls-related experience; significant knowledge and expertise of AML due diligence and/or investigations practices;
   • Specialist knowledge of client types such as correspondent banks, payment intermediaries and embassies.
   • Knowledge of AML control programs, legal or other control-related functions in the financial services industry.
   • Excellent written, verbal and analytical skills; strong communication and presentation skills with the ability to articulate complex problems and solutions through crisp and clear messaging.
   • Significant knowledge and expertise of AML risks and typologies.
   • Experience with and previous exposure to internal control functions and regulators; particularly banking and AML regulators.
   • Ability to influence and lead people at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
   • Strong track record of effectively assessing and managing competing priorities
   • Experience managing diverse teams and comfort navigating complex, highly-matrixed organizations
   • Excellent follow-up and time management skills
   • Highly proficient in MS Office (Word, Excel, Outlook, and PowerPoint)

   Education

   • Bachelor's degree or equivalent experience required; Advanced Degree preferred

   Candidates applying for this role must be aware that it is a Senior Management Function pursuant to the FCA and PRA Senior Managers Regime. The Senior Managers Regime is one element of the FCA and PRA Individual Accountability Regime which came into effect on 7 March 2016. Under the Senior Managers Regime, certain Citi entities must ensure that employees working in certain roles, designated as a Senior Management Function, where the individual is referred to as a Senior Manager, are assessed as fit and proper to carry out their role. As a Senior Manager your appointment must be pre-approved by the FCA and/or PRA before you perform any regulated activity. Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:

   Honesty, integrity and reputation

   Financial soundness

   Competence and capability

   In order to comply with the requirements of the Senior Manager Function, certain Citi entities must take reasonable care to ensure that an employee does not perform a Senior Manager Function role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above. This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, reference checks, credit checks and other background checks. If hired for this role, you will also be required to complete an annual declaration regarding your Fitness and Propriety.

   By submitting your application, you acknowledge that you have read the information above and that you are applying for a Senior Management Function. You also agree to Citi carrying out any additional screening required, including permitted criminal record checks, reference checks, credit checks and any other relevant background checks.

   -------------------------------------------------

   Job Family Group:

   Compliance and Control

   -------------------------------------------------

   Job Family:

   AML Compliance & Risk Mgmt

   ------------------------------------------------------

   Time Type:

   Full time

   ------------------------------------------------------

   Citi is an equal opportunity and affirmative action employer.

   Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

   Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

   View the " EEO is the Law " poster. View the EEO is the Law Supplement .

   View the EEO Policy Statement .

   View the Pay Transparency Posting

   -----------------------------

   Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

   Copy this example

   

5. Post your job

   To find risk management directors for your business, try out a few different recruiting strategies:

   • Consider internal talent. One of the most important talent pools for any company is its current employees.
   • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any risk management directors they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level risk management directors with the right educational background.
   • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.

   To find risk management director candidates, you can consider the following options:

   • Post your job opening on Zippia or other job search websites.
   • Use niche websites that focus on engineering and technology jobs, such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post your job on free job posting websites.

6. Interview candidates

   To successfully recruit risk management directors, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   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 director

   Once you've selected the best risk management director candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the 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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