Risk Management Director Jobs in Maryland
Risk Management Director jobs in Maryland are in strong and consistent demand, concentrated in financial services, federal contracting, healthcare systems, and cybersecurity-adjacent industries that anchor the state's economy. The heaviest hiring is in and around Baltimore, Bethesda, and Annapolis, where employers like CareFirst BlueCross BlueShield, Leidos, and T. Rowe Price maintain substantial risk and compliance teams. Enterprise risk, operational risk, and regulatory compliance specializations draw the most consistent openings across the state. See the openings below and apply to the ones that match your experience.
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Job Family
Operational RiskAbout Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary
Serve as the leader for Transamerica Model Risk Management (MRM) Analytics & Reporting.Job Description
Responsibilities
- Functional ownership of the MRM platform including data input, data integrity & completeness and platform-based reporting
-
Responsible for supporting BU teams with respect to:
- MRM governance training, compliance, and reporting
- MRM Platform training
- Model Validation Cycle planning & reporting
- Model Risk analytics & reporting
- Help design and prepare reporting materials for senior oversight committees and other stakeholders as needed
- Administer, analyze, maintain and evolve MRM’s model risk scoring system/process
- Support the model validation team with analytics & reporting as needed
- Help manage relationships with key BU stakeholders to drive and embed an enhanced model risk culture
Qualifications
- Bachelor’s degree in statistics, economics, finance, or relevant field
- 10+ years of experience in model risk management or internal controls, or equivalent management experience in an operational role with strong knowledge of model risk management or internal controls
- Progressive leadership experience in model risk management, internal controls, or relevant field
- Excellent oral/written communication skills
- Comfortable with data analytics and communicating with charts & graphs
- Experience with databases and SQL
- Experience with coding in Python, R or other statistical modeling language
- Ability to work in a fast-paced organization and prioritize multiple initiatives
- Strong attention to detail and accuracy
Preferred Qualifications
- Masters Degree in Business, Economics, or Finance
- Strong knowledge and/or experience in the insurance or financial services industry
Working Conditions
- This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Baltimore or Philadelphia).
- Relocation assistance will not be provided for this position
- Travel as needed for internal meetings (<10%)
Compensation
The salary for this position generally ranges between $170,000 - $200,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus of 25% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
- We will never request personal information such as ID or payment for equipment upfront.
- Official offers are sent via DocuSign following a verbal offer—not through text or email.
#LI-HR1
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Health and Work/Life Balance Benefits
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
- As of December 31, 2023
Job Family
Operational RiskAbout Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary
Serve as the leader for Transamerica Model Risk Management (MRM) Analytics & Reporting.Job Description
Responsibilities
- Functional ownership of the MRM platform including data input, data integrity & completeness and platform-based reporting
-
Responsible for supporting BU teams with respect to:
- MRM governance training, compliance, and reporting
- MRM Platform training
- Model Validation Cycle planning & reporting
- Model Risk analytics & reporting
- Help design and prepare reporting materials for senior oversight committees and other stakeholders as needed
- Administer, analyze, maintain and evolve MRM’s model risk scoring system/process
- Support the model validation team with analytics & reporting as needed
- Help manage relationships with key BU stakeholders to drive and embed an enhanced model risk culture
Qualifications
- Bachelor’s degree in statistics, economics, finance, or relevant field
- 10+ years of experience in model risk management or internal controls, or equivalent management experience in an operational role with strong knowledge of model risk management or internal controls
- Progressive leadership experience in model risk management, internal controls, or relevant field
- Excellent oral/written communication skills
- Comfortable with data analytics and communicating with charts & graphs
- Experience with databases and SQL
- Experience with coding in Python, R or other statistical modeling language
- Ability to work in a fast-paced organization and prioritize multiple initiatives
- Strong attention to detail and accuracy
Preferred Qualifications
- Masters Degree in Business, Economics, or Finance
- Strong knowledge and/or experience in the insurance or financial services industry
Working Conditions
- This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Baltimore or Philadelphia).
- Relocation assistance will not be provided for this position
- Travel as needed for internal meetings (<10%)
Compensation
The salary for this position generally ranges between $170,000 - $200,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus of 25% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
- We will never request personal information such as ID or payment for equipment upfront.
- Official offers are sent via DocuSign following a verbal offer—not through text or email.
#LI-HR1
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Health and Work/Life Balance Benefits
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
- As of December 31, 2023
See All 18 Risk Management Director Jobs in Maryland
Find roles in Maryland that match your experience and apply in just a few clicks.
Find Risk Management Director JobsRisk Management Director Jobs by City in Maryland
Where Maryland roles are concentrated, by current openings.
Risk Management Director Job Market in Maryland
A snapshot from current Maryland openings, updated as new roles post.
Who's Hiring
What Maryland Employers Look For
The qualifications that appear most often in risk management director jobs across Maryland.
- Bachelor's degree in finance, business administration, or a related field required
- Professional certification such as CRM, CRMP, or FRM strongly preferred by Maryland employers
- Eight or more years of progressive risk management experience in a senior capacity
- Deep knowledge of federal regulatory frameworks relevant to Maryland's government contracting sector
- Experience managing enterprise risk programs within financial services or healthcare organizations
- Strong proficiency in risk management information systems and governance reporting tools
Risk Management Director Jobs in Maryland: Frequently Asked Questions
How do you become a risk management director in Maryland?
The path typically starts with a bachelor's degree in finance, business, or a related field, followed by several years in risk analyst or manager roles. Maryland does not require a state-issued license specifically for risk management directors, but employers consistently expect a recognized professional credential such as the Certified Risk Manager (CRM) or Financial Risk Manager (FRM). Candidates with experience in Maryland's prominent sectors, particularly federal contracting, healthcare, or financial services, hold a clear advantage.
How much do risk management directors make in Maryland?
Risk management directors in Maryland earn a median of about $117,130 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $73,330 for the lowest 10% to over $172,410 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire risk management directors in Maryland?
Companies currently hiring risk management directors in Maryland include E Logic, PEG, and GEICO, per current listings on Migrate Mate as of October 2026. Maryland's concentration of federal contractors, large health insurers, and financial institutions means demand for senior risk leadership tends to be durable rather than cyclical.
Which Maryland cities have the most risk management director jobs?
The cities with the most risk management director openings in Maryland are Baltimore, Bethesda, and Fort Meade. Baltimore drives the largest share through its healthcare systems and financial institutions, while Bethesda and the broader DC-metro corridor generate significant demand from federal contractors and government-adjacent organizations headquartered there.
Are there remote risk management director jobs in Maryland?
Yes, and more than many senior leadership roles, since risk management directors work heavily with data, reporting, and cross-functional teams that function well in distributed settings. About 75% of risk management director openings tied to Maryland are remote or hybrid as of October 2026. Enterprise risk, regulatory compliance, and financial risk advisory functions are the sub-areas most likely to offer location flexibility.
How can I get hired as a risk management director in Maryland with little or no experience?
The most realistic entry point is a risk analyst or compliance analyst role at one of Maryland's large healthcare systems, such as Johns Hopkins Health System or University of Maryland Medical System, or within the federal contracting firms based in the Bethesda corridor. From there, lateral moves through internal audit, operational risk, or regulatory affairs build the portfolio needed to advance. Earning a CRM or equivalent credential while in those roles signals director-readiness to Maryland hiring managers without requiring prior director-level tenure.
Where can I find and apply to risk management director jobs in Maryland?
You can find and apply to risk management director jobs in Maryland on Migrate Mate, which lists current Maryland openings. Search the listings to find roles that match your experience, specialization, and preferred location within the state, then apply directly to the ones that fit.
See All 18 Risk Management Director Jobs in Maryland
Find roles in Maryland that match your experience and apply in just a few clicks.
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