H-1B Visa Risk Management Specialist Jobs
Risk Management Specialist roles qualify for H-1B visa sponsorship as specialty occupations requiring at least a bachelor's degree in finance, business, or a related field. Financial services firms, insurance companies, and large corporations regularly file LCAs for this role. The 85,000-cap lottery runs each April for October 1 start dates.
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INTRODUCTION
The Director, Insurance & Risk Management leads the design, implementation, and governance of Danone North America's insurance and risk management programs. Reporting directly to Senior Director of Tax and Risk Management for NORAM, with a dotted line to Corporate Director, Global Risk & Insurance in Paris, this role is responsible for safeguarding the organization through effective risk identification, assessment, mitigation, financing, and transfer strategies.
The position oversees commercial insurance programs, claims management, broker and insurer relationships, and insurance-related support for strategic initiatives, including acquisitions, divestitures, major capital projects, contractual risk assessments, and other significant business events. The Director partners closely with Legal, Finance, Operations, Supply Chain, Manufacturing, IT Security, HR, Procurement, Employee Health & Safety, Marketing/Sales, Global Risk teams, and other stakeholders to ensure comprehensive risk oversight and alignment with Danone's global standards.
As a key member of our team, you will play an important role in driving our mission forward. The responsibilities below outline the core expectations and contributions for this position.
INSURANCE STRATEGY & PROGRAM MANAGEMENT
- Develop and execute Danone North America’s insurance strategy, ensuring appropriate protection of company people, assets, operations, and financial strength.
- Lead the design, placement, administration, and ongoing management of insurance and risk transfer programs across multiple business units.
- Manage insurance programs including Property; Commercial General Liability / Excess Umbrella; Product Liability; Auto Liability; Workers’ Compensation; Directors & Officers (D&O); Employment Practices Liability (EPL); Fiduciary Liability; Cyber Insurance; Crime/Fidelity; Environmental Impairment Liability; Marine/Cargo; Product Contamination/Recall; and other specialty coverages.
- Lead local and annual insurance renewals, underwriting submissions, market negotiations, and policy wording reviews; negotiate coverage, pricing, and policy terms with insurers and brokers.
- Work closely with global insurance teams of the parent company to optimize coverage structure, limits, deductibles, and total cost of risk.
- Develop and manage the insurance budget, including premium projections, retained claims / self-insured fund contributions, and total cost of risk analysis.
- Analyze market trends and develop renewal strategies that balance risk protection, cost, and business priorities.
OPERATIONAL RISK MANAGEMENT
- Identify, assess, and prioritize operational and strategic risks with potential insurance, financial, reputational, or business continuity impacts.
- Support enterprise risk management activities as needed, including risk assessments, risk mitigation planning, and leadership reporting.
- Promote a risk-management culture and ensure the business involves Insurance & Risk Management in significant events, crises, transactions, projects, and organizational changes.
- Develop risk policies, insurance-related processes, and claims procedures to support consistent governance across the organization.
CLAIMS & LOSS MANAGEMENT
- Oversee major insurance claims, including property, casualty, workers’ compensation, and litigation-related insurance matters.
- Coordinate with brokers, carriers, legal counsel, business leaders, operational stakeholders, and other relevant partners to support timely claim resolution.
- Drive loss-prevention initiatives for insurable risks, including property engineering inspections, risk recommendations, and related follow-up actions.
- Coordinate property risk engineering recommendations and support business continuity and operational risk initiatives.
- Monitor claims performance and identify opportunities to reduce frequency, severity, and total cost of risk.
CONTRACTUAL RISK MANAGEMENT
- Review customer, supplier, co-manufacturer, transportation, real estate, commercial, and other third-party agreements for insurance, indemnification, and risk transfer provisions.
- Advise business partners on risk allocation, contractual protections, indemnification, and insurance requirements.
- Provide advice to Procurement, Legal, Sales/Marketing, Logistics, and other internal stakeholders during contract negotiations.
CYBER & EMERGING RISK OVERSIGHT
- Partner with Cyber Security and Digital teams to evaluate cyber risk exposures for insurance renewals and broader risk oversight.
- Assess evolving regulatory, operational, technological, and emerging risks that may affect Danone North America.
- Develop insurance and risk solutions for emerging threats in coordination with internal stakeholders and external advisors.
MERGERS, ACQUISITIONS & STRATEGIC PROJECTS
- Support acquisitions, divestitures, joint ventures, integrations, major capital projects, and other strategic initiatives.
- Conduct insurance and risk due diligence and evaluate transaction-specific liabilities and insurance requirements.
- Coordinate warranty and indemnity insurance or other transaction-specific insurance solutions when appropriate.
COMPLIANCE & GOVERNANCE
- Ensure compliance with insurance regulations and internal governance standards.
- Maintain accurate insurance records, certificates, filings, and reporting.
- Prepare management presentations and reports for leadership and global stakeholders.
- Support internal and external audits related to insurance and risk management activities.
STAKEHOLDER, BROKER & INSURER MANAGEMENT
- Lead relationships with brokers, carriers, insurers, consultants, and third-party vendors.
- Establish performance expectations and service-level objectives for external partners.
- Collaborate with global Danone teams to leverage best practices, market intelligence, and global standards.
The salary range for this position is $150,000 – $180,000 USD. The exact salary offered will depend on several factors, including the candidate’s relevant experience, geographic location, internal equity, and market conditions. Danone North America additionally offers a performance-based bonus and has a strong benefits package including Medical, Dental, Vision, Prescription Drug Coverage, 401k Plan, Wellness Program, Life Insurance, Tuition Reimbursement, Flexible Time Off, and Paid Parental Bonding Leave, among other benefit plan options. To give our employees flexibility, Danone is a hybrid work environment.
This role is considered a “hybrid” position that allows for flexible work, meaning it is a role where collaboration with key stakeholders in Danone Hubs occurs. While you may have the option to work from home on a schedule as agreed to with your supervisor, you are also expected to regularly report to your assigned office location at least 3 days per week.
EDUCATION & EXPERIENCE
- Bachelor’s degree in Risk Management, Finance, Business, Accounting, Law, Insurance, or a related field required; Master’s degree preferred.
- Professional insurance designations preferred, such as ARM (Associate in Risk Management) or CPCU; CRM, RIMS-CRMP, or equivalent designation a plus.
- 10–15 years of progressive insurance and risk management experience in the U.S. and Canada, ideally including experience with global coverages placed outside of the U.S.
- Experience with a multinational company and multi-cultural environment, preferably in a consumer products company.
- Demonstrated experience managing multimillion-dollar insurance programs.
- Strong experience with insurance renewals, policy wording and coverage reviews, claims management, and broker / insurer negotiations.
- Experience supporting M&A transactions and contractual risk management.
KNOWLEDGE, SKILLS & ABILITIES
LEADERSHIP
- Strategic thinker capable of balancing risk mitigation with business objectives.
- Effective communicator with proven ability to build and maintain stakeholder relationships.
- Strong executive presence and influencing skills.
- Ability to lead cross-functional initiatives across multiple functions and geographies.
DEEP INSURANCE & RISK MANAGEMENT EXPERTISE
- Property & Casualty insurance, Cyber insurance, D&O, Fiduciary and EPL liability, and other financial lines.
- Environmental Impairment Liability, claims management, risk financing structures, business continuity and crisis management, contractual risk transfer, insurance budget / forecast planning, and property loss control.
BUSINESS PARTNERSHIP
- Strong collaboration skills with internal stakeholders across multiple business units, including Finance, Legal, Operations, HR, IT, Procurement, Supply Chain, Manufacturing, Employee Health & Safety, Sales/Marketing, and Logistics leaders.
- Ability to translate complex risk issues into actionable business recommendations.
ANALYTICAL SKILLS
- Strong quantitative and financial analysis capabilities.
- Experience evaluating total cost of risk and developing risk mitigation strategies.
LIFE AT DANONE
With approximately 5,000 employees and 13 production locations across the U.S., our vibrant culture and endless growth opportunities are just a couple of the reasons our employees call themselves “Proud Danoners.”
OUR BRANDS
When you join us, you’ll work with some of the best-known food and beverage brands in the world, including Activia®, DanActive®, Danimals®, Dannon®, evian®, Follow Your Heart®, Happy Family® Organics, International Delight®, Light + Fit®, Nutricia®, Oikos®, Silk®, So Delicious® Dairy Free, STōK® Cold Brew Coffee®, Too Good & Co™, and YoCrunch®.
OUR PURPOSE
We’re committed to making a positive impact on our world. Rooted in our mission to bring health through food to as many people as possible, we’re proud to be the world’s largest B Corp.
OUR BENEFITS
Our commitment to making the world healthier starts with our employees.
- Physical Wellbeing: We pay for the majority of your medical benefits – which include medical, dental and vision – with our competitive 80%/20% cost-sharing model.
- Mental Wellbeing: Danoners receive fitness discounts, unlimited flexible time off and hybrid work schedules. We also have a range of programs that support mental health and substance abuse.
- Financial Support: We offer a performance-based bonus, a 401(k) plan, tuition reimbursement, employee discount programs and voluntary perks.
- Family Care: We offer caretaker benefits, 18 weeks of parental bonding, fertility, surrogacy, adoption benefits and pet insurance.
EQUAL OPPORTUNITY EMPLOYER
Danone North America is proud to be an Equal Opportunity employer. It is our policy to give equal employment opportunities to all qualified persons without regard to legally protected characteristics, or any other consideration made unlawful by applicable federal, state/provincial and/or local law. For our EEO policy statement and your EEO rights under law click here.
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Get Access To All JobsTips for Finding H-1B Visa Sponsorship as a Risk Management Specialist
Verify your SOC code before applying
Risk Management Specialists are typically classified under SOC 13-2099 or 11-3031. Check the O*NET profile for your specific duties so your degree field and job description align with the specialty occupation standard USCIS applies.
Target employers with cap-exempt filing options
Universities, nonprofit research institutions, and government-affiliated entities are cap-exempt H-1B filers. A risk or compliance role at a university endowment or federally funded research center can sidestep the April lottery entirely.
Search verified H-1B sponsors on Migrate Mate
Filter by risk management roles on Migrate Mate to see employers with active LCA filing history for this occupation. That filing history signals genuine sponsorship capacity, not just a checkbox on a job posting.
Document your specialized credentials early
FRM, PRM, or CFA credentials directly strengthen your specialty occupation case. Have your credential certificates, transcript, and a credential evaluation ready before your employer starts the LCA, since DOL certification typically takes seven business days.
Negotiate a start date that clears the cap-gap window
If you're on OPT when selected in the lottery, your cap-gap protection extends your authorization through September 30. Confirm your employer's I-129 is filed before your OPT expires so USCIS can grant the cap-gap extension automatically.
Ask your employer about prevailing wage levels
The LCA locks in a wage level from the OFLC Wage Search. Level I covers entry-level analysts; Level III or IV applies to senior risk officers. Misclassification is a common RFE trigger, so confirm the level matches your actual responsibilities before the LCA is filed.
H-1B Visa Risk Management Specialist: Frequently Asked Questions
Does a Risk Management Specialist role qualify as a specialty occupation for H-1B purposes?
Yes, provided the position requires at least a bachelor's degree in a directly related field such as finance, economics, accounting, or risk management. Generalist roles that accept any degree field can face USCIS scrutiny. Your employer's job description should specify the required degree field, not just list it as preferred, and your actual degree should align with that field.
Which industries sponsor H-1B visas most consistently for this role?
Financial services, insurance carriers, asset management firms, and large multinational corporations with enterprise risk functions file LCAs for Risk Management Specialists regularly. Consulting firms that staff risk engagements at client sites also sponsor, though those roles may involve third-party placement, which adds an extra layer to the H-1B filing. You can browse employers with verified LCA filing history for this occupation on Migrate Mate.
Can I transfer my H-1B to a new employer mid-year without losing my cap count?
Yes. Once you've been counted against the H-1B cap, you can transfer to a new employer through H-1B portability under AC21. Your new employer files an I-129 transfer petition, and you can start working as soon as the receipt notice is issued, without waiting for approval. Your cap count carries over permanently.
How does prevailing wage affect H-1B sponsorship for risk roles?
The DOL requires your employer to pay at least the prevailing wage for your specific SOC code and geographic location, determined using the OFLC Wage Search. Risk Management Specialists in major financial hubs like New York or San Francisco carry higher prevailing wages than the same role in smaller metros. Employers factor this into their willingness to sponsor, particularly at Level III or IV wage classifications.
What credentials strengthen my H-1B petition for a risk management position?
Professional designations like the Financial Risk Manager (FRM) or Professional Risk Manager (PRM) directly support your specialty occupation claim by demonstrating field-specific expertise beyond a generalist business degree. A foreign credential evaluation is also useful if your degree is from outside the U.S., since USCIS applies a four-year bachelor's equivalency standard. Include both in your employer's petition package to reduce the chance of an RFE.