Risk Management Lead Jobs in Indiana
Risk Management Lead jobs in Indiana are concentrated in financial services, healthcare, and manufacturing, with strong demand from insurers, hospital systems, and large industrial employers operating out of the state. Indianapolis anchors the market, with Fort Wayne and South Bend also generating consistent openings at employers like Eli Lilly, Salesforce's Indiana operations, and OneAmerica Financial Partners. The most in-demand specialties are enterprise risk, operational risk, and compliance-integrated risk leadership. Scan the live roles below and apply to whichever ones fit.
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Thank you for your interest in the First Merchants 2027 Summer Internship Program! First Merchants is seeking highly motivated, enthusiastic college students for our 12-week paid summer internship program.
Why Intern at First Merchants?
- Gain hands-on experience in the financial services industry
- Work on meaningful projects that impact the business
- Receive mentorship from experienced professionals
- Build relationships with leaders across the organization
- Participate in networking and development events
- Volunteer alongside fellow interns during a community service project
- Present accomplishments and key learnings to senior leadership
Summer Internship Program Overview
First Merchants internship opportunities are available in a variety of business areas including Credit Administration, Commercial Banking, Consumer Banking, Treasury Management, Private Wealth, Technology, Human Resources, Marketing, Risk, Operations, and other business functions.
Department Internship Duties & Responsibilities
The Enterprise Risk Management Intern will support the team through day-to-day responsibilities, projects, and initiatives that contribute to departmental goals. Enterprise Risk Management serves as part of the Bank's second line of defense, responsible for the framework, tools, data, and reporting that help First Merchants identify, assess, monitor, and report risk across every line of business. The intern will work directly alongside risk professionals and will gain firsthand exposure to how a $20+ billion bank makes risk-informed decisions and demonstrates effective risk management to its executive leadership, Board, and regulators.
Below is what you can expect to learn from an internship in Enterprise Risk Management at First Merchants Bank:
- How enterprise risk management works in a regulated bank — including risk appetite, risk taxonomy, the three lines of defense model, governance committees, and how risk information reaches executive leadership and the Board.
- How to turn raw risk data into decision-useful information — extracting, cleansing, and analyzing data from the Bank's governance, risk, and compliance system; identifying trends, concentrations, and root cause themes; and building dashboards and reporting that leaders actually use.
- How risks and controls are classified and documented — distinguishing a risk from an event, cause, or impact; evaluating the quality and consistency of risk descriptions; and understanding why a well-structured risk taxonomy is essential to accurate aggregation and reporting.
- How issues are identified, remediated, escalated, and validated — and why aging, accountability, timeliness, and documentation matter to auditors, examiners, and the Board.
- How to apply emerging technology responsibly in a risk function — designing and piloting an AI-enabled solution while building in the human review, source verification, and governance controls that responsible AI use requires in a regulated environment.
- How to communicate and influence as a risk professional — conducting stakeholder interviews, writing clearly and concisely for executive audiences, asking credible challenge questions, and presenting recommendations to senior leadership.
Successful students will possess:
- Initiative
- Enthusiasm
- Strong Work Ethic
- Team Mentality
- Self-Motivation
In addition to the learning objectives, all interns will participate in a coordinated community service project. Interns will have an opportunity to network with Executive and Senior Leadership at our Intern Meet & Greet event and will present a summary of their experience at the conclusion of the internship program.
Required Qualifications
- Be a full-time Bachelor (or higher) degree-seeking student at an accredited college or university.
- Be available to work 40 hours per week from May 17th- August 6th, 2027.
- Be authorized to work in the United States.
- Have demonstrated interest in the industry and/or specific area of interest.
- Possess a GPA of 3.0 or higher.
- Be able and willing to travel periodically throughout the First Merchants footprint, if applicable.
About First Merchants:
First Merchants Corporation is the largest financial services holding company located in Central Indiana. We provide our clients with broad financial services delivered locally by bankers who are known and trusted in their communities. We offer personal banking, business banking, mortgage lending, treasury management services, and wealth management.
Since its organization, the Corporation has grown to include more than 126 banking center locations in Indiana, Michigan, and Ohio, and a wealth management company.
Our Vision Is:
To enhance the financial wellness of the diverse communities we serve.
Our Mission is:
To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.
Our Team:
"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
Thank you for your interest in the First Merchants 2027 Summer Internship Program! First Merchants is seeking highly motivated, enthusiastic college students for our 12-week paid summer internship program.
Why Intern at First Merchants?
- Gain hands-on experience in the financial services industry
- Work on meaningful projects that impact the business
- Receive mentorship from experienced professionals
- Build relationships with leaders across the organization
- Participate in networking and development events
- Volunteer alongside fellow interns during a community service project
- Present accomplishments and key learnings to senior leadership
Summer Internship Program Overview
First Merchants internship opportunities are available in a variety of business areas including Credit Administration, Commercial Banking, Consumer Banking, Treasury Management, Private Wealth, Technology, Human Resources, Marketing, Risk, Operations, and other business functions.
Department Internship Duties & Responsibilities
The Enterprise Risk Management Intern will support the team through day-to-day responsibilities, projects, and initiatives that contribute to departmental goals. Enterprise Risk Management serves as part of the Bank's second line of defense, responsible for the framework, tools, data, and reporting that help First Merchants identify, assess, monitor, and report risk across every line of business. The intern will work directly alongside risk professionals and will gain firsthand exposure to how a $20+ billion bank makes risk-informed decisions and demonstrates effective risk management to its executive leadership, Board, and regulators.
Below is what you can expect to learn from an internship in Enterprise Risk Management at First Merchants Bank:
- How enterprise risk management works in a regulated bank — including risk appetite, risk taxonomy, the three lines of defense model, governance committees, and how risk information reaches executive leadership and the Board.
- How to turn raw risk data into decision-useful information — extracting, cleansing, and analyzing data from the Bank's governance, risk, and compliance system; identifying trends, concentrations, and root cause themes; and building dashboards and reporting that leaders actually use.
- How risks and controls are classified and documented — distinguishing a risk from an event, cause, or impact; evaluating the quality and consistency of risk descriptions; and understanding why a well-structured risk taxonomy is essential to accurate aggregation and reporting.
- How issues are identified, remediated, escalated, and validated — and why aging, accountability, timeliness, and documentation matter to auditors, examiners, and the Board.
- How to apply emerging technology responsibly in a risk function — designing and piloting an AI-enabled solution while building in the human review, source verification, and governance controls that responsible AI use requires in a regulated environment.
- How to communicate and influence as a risk professional — conducting stakeholder interviews, writing clearly and concisely for executive audiences, asking credible challenge questions, and presenting recommendations to senior leadership.
Successful students will possess:
- Initiative
- Enthusiasm
- Strong Work Ethic
- Team Mentality
- Self-Motivation
In addition to the learning objectives, all interns will participate in a coordinated community service project. Interns will have an opportunity to network with Executive and Senior Leadership at our Intern Meet & Greet event and will present a summary of their experience at the conclusion of the internship program.
Required Qualifications
- Be a full-time Bachelor (or higher) degree-seeking student at an accredited college or university.
- Be available to work 40 hours per week from May 17th- August 6th, 2027.
- Be authorized to work in the United States.
- Have demonstrated interest in the industry and/or specific area of interest.
- Possess a GPA of 3.0 or higher.
- Be able and willing to travel periodically throughout the First Merchants footprint, if applicable.
About First Merchants:
First Merchants Corporation is the largest financial services holding company located in Central Indiana. We provide our clients with broad financial services delivered locally by bankers who are known and trusted in their communities. We offer personal banking, business banking, mortgage lending, treasury management services, and wealth management.
Since its organization, the Corporation has grown to include more than 126 banking center locations in Indiana, Michigan, and Ohio, and a wealth management company.
Our Vision Is:
To enhance the financial wellness of the diverse communities we serve.
Our Mission is:
To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.
Our Team:
"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
See All 7 Risk Management Lead Jobs in Indiana
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Find Risk Management Lead JobsRisk Management Lead Jobs by City in Indiana
Where Indiana roles are concentrated, by current openings.
Risk Management Lead Job Market in Indiana
A snapshot from current Indiana openings, updated as new roles post.
Who's Hiring
What Indiana Employers Look For
The qualifications that appear most often in risk management lead jobs across Indiana.
- Bachelor's degree in finance, business, or a related field required
- Five or more years of progressive risk management or compliance experience
- Professional certification such as CRM, FRM, or PRM strongly preferred
- Experience developing and implementing enterprise risk frameworks and controls
- Strong analytical skills with proficiency in risk management software and reporting tools
- Demonstrated ability to lead cross-functional teams and communicate risk findings to executives
Risk Management Lead Jobs in Indiana: Frequently Asked Questions
How do you become a risk management lead in Indiana?
Most Indiana risk management leads start with a bachelor's degree in finance, business administration, risk management, or a closely related field, then build experience in analyst or coordinator roles before advancing to lead positions. Indiana does not issue a state-specific license for this role, but employers strongly favor candidates who hold professional credentials such as the Certified Risk Manager designation through the National Alliance, or the Financial Risk Manager certification through GARP. Hands-on experience with enterprise risk frameworks at Indiana financial institutions or healthcare organizations carries significant weight.
How much do risk management leads make in Indiana?
Risk management leads in Indiana earn a median of about $99,250 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $52,780 for the lowest 10% to over $159,050 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire risk management leads in Indiana?
Indiana risk management lead roles are posted by First Merchants Bank, MJ Companies, and Everwise Credit Union and others right now, based on current listings on Migrate Mate as of October 2026. Indiana's dense concentration of insurance carriers, regional banks, and large healthcare systems makes it one of the steadier markets in the Midwest for this role.
Which Indiana cities have the most risk management lead jobs?
Indianapolis, Carmel, and Fort Wayne have the most risk management lead openings in Indiana. Indianapolis dominates because of its high concentration of insurance headquarters, hospital networks, and financial services firms, while Fort Wayne and South Bend contribute openings tied to regional banking, manufacturing operations, and healthcare systems that need dedicated risk leadership at the local level.
Are there remote risk management lead jobs in Indiana?
Yes, and more than many management roles, since risk analysis and framework oversight are largely desk-based functions that translate well to distributed work. About 100% of risk management lead openings tied to Indiana are remote or hybrid as of October 2026, reflecting broader trends across the financial and insurance sectors. Fully remote openings are most common in enterprise risk and compliance oversight, while operational risk roles tied to manufacturing or healthcare facilities tend to require more on-site presence.
How can I get hired as a risk management lead in Indiana with little or no experience?
The most realistic entry path is moving into a risk analyst or compliance analyst role at one of Indiana's large insurance carriers or hospital systems, such as those in the Indianapolis metropolitan area, and building toward a lead position from within. Employers like regional banks and Indiana-based insurers regularly hire entry-level risk coordinators and rotate them through audit, compliance, and operational risk functions. Earning the Certified Risk Management Professional credential early and gaining exposure to GRC platforms will accelerate advancement into a lead role faster than experience alone.
Where can I find and apply to risk management lead jobs in Indiana?
You can find and apply to risk management lead jobs in Indiana on Migrate Mate, which lists current Indiana openings updated on an ongoing basis. Search the available roles, find the ones that match your background and preferred location, and apply directly to whichever positions fit.
See All 7 Risk Management Lead Jobs in Indiana
Find roles in Indiana that match your experience and apply in just a few clicks.
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