Risk Manager Salary at Loram Maintenance BETA

How much does a Loram Maintenance Risk Manager make?

As of April 2025, the average annual salary for a Risk Manager at Loram Maintenance is $137,693, which translates to approximately $66 per hour. Salaries for Risk Manager at Loram Maintenance typically range from $121,066 to $155,013, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Loram Maintenance Overview

Website:
loram.com
Size:
1,000 - 3,000 Employees
Revenue:
$200M - $500M
Industry:
MFG Durable

Loram, founded in 1898 and headquartered in Hamel, Minnesota, provides track maintenance and friction management services. The Company maintenance of way services to all class I railroads and many short line, transit, and commuter railroads such as rail grinding, ballast cleaning, and ditching.

See similar companies related to Loram Maintenance

What Skills Does a person Need at Loram Maintenance?

At Loram Maintenance, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. Operational Risk: Operational risk is "the risk of a change in value caused by the fact that actual losses, incurred for inadequate or failed internal processes, people and systems, or from external events (including legal risk), differ from the expected losses". This definition, adopted by the European Solvency II Directive for insurers, is a variation from that adopted in the Basel II regulations for banks. In October 2014, the Basel Committee on Banking Supervision proposed a revision to its operational risk capital framework that sets out a new standardized approach to replace the basic indicator approach and the standardized approach for calculating operational risk capital. It can also include other classes of risks, such as fraud, security, privacy protection, legal risks, physical (e.g. infrastructure shutdown) or environmental risks. The study of operational risk is a broad discipline, close to good management and quality management.
  5. Risk Assessment: Broadly speaking, a risk assessment is the combined effort of: identifying and analyzing potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. risk analysis); and making judgments "on the tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).Put in simpler terms, a risk assessment analyzes what can go wrong, how likely it is to happen, what the potential consequences are, and how tolerable the identified risk is. As part of this process, the resulting determination of risk may be expressed in a quantitative or qualitative fashion. The risk assessment is an inherent part of an overall risk management strategy, which attempts to, after a risk assessment, "introduce control measures to eliminate or reduce" any potential risk-related consequences.

Related Jobs

Quantum Strides LLC
Minneapolis , MN

About the job Security Specialist Location: Minneapolis, Minnesota, 55415 (Onsite) Job Type: Full time Job Summary: The Security Specialist is responsible for the protection of applications, computing systems, data, information, and network security. This role requires extensive knowledge of risk management, security techniques, and an understanding of network architecture, application, and database security. The Security Specialist must also be familiar with relevant regulatory requirements and industry standards, including the ISO 2700X series. Key Responsibilities: Implement and manage security measures to protect applications, data, and networks. Conduct risk assessments and develop mitigation strategies. Ensure compliance with industry regulations and standards (ISO 2700X, NIST, etc.). Perform security analysis, computer/data forensics, and incident response. Manage identity and access control measures, including authentication and authorization. Design and maintain secure network


Sponsored
4/15/2025 12:00:00 AM
Manifest
Maple Grove , MN

Job Description Job Description Objectives: 1) Develop expert working knowledge of available technology, the Trading Platform and the develop the ability to easily navigate all investment research platforms and tools at our disposal. 2) Develop a fundamental understanding of the firm’s asset allocation/investment philosophy and how that relates to the construction of our portfolios 3) Develop expert knowledge of the various investment options available to the firm (ETF’s, MF’s, individual equities, Bonds, annuities, structured notes, etc) 4) Self-motivated, analytical thinker, receptive to training and feedback and open to personal and professional growth Roles/Tasks: 1) Run and consolidate regular reports to assist investment committee and operations managers in their duties (raise cash, tax harvesting, excess cash, quarterly portfolio performance etc) 2) Consolidate and provide investment research to investment committee as needed 3) Participate in weekly manager meetings and quarter


Sponsored
4/15/2025 12:00:00 AM
Staffworthy
Minneapolis , MN

About the job SENIOR FINANCIAL RISK ANALYST JOB DETAIL Want to build a stronger, more sustainable future and cultivate your career? Join the company's global team of 160,000 employees who use new technologies, dynamic insights and over 157 years of experience to connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. Job Purpose and Impact The Senior Financial Risk Analyst will lead the financial risk management in commodity, foreign exchange risks and trading profit and loss for the defined businesses and areas. In this role, you will partner with key stakeholders to develop and implement the key controls to ensure operational compliance and accuracy of data and reports. You will lead the process standardization and optimization and develop new solutions to enhance automation and implement the transformation. Key Accountabilities Partner with key stakeholders to manage complex commodity and foreign exchange position reporting


Sponsored
4/14/2025 12:00:00 AM
Actalent
Osseo , MN

Seeking a Design Assurance Engineer! Job Description We are seeking a Design Assurance Engineer to contribute to the development of a pivotal study. The candidate will support design verification and validation activities crucial to our innovative medical device. Responsibilities + Develop and maintain risk management documentation. + Conduct Design Failure Mode and Effects Analysis (DFMEA). + Perform data analysis using JMP, similar to Minitab. + Validate and document test methods. + Work through the risk management system and translate it into a usable format for the organization. + Integrate changes from the engineering side and evaluate their risk assessments. + Collaborate with suppliers on electro-mechanical components. Essential Skills + Risk management + FMEA + Design control + Data analysis + Root cause analysis + Design assurance + Experience with JMP and Minitab + Change management + 5+ years of experience Additional Skills & Qualifications + Experience in medical devices, a


Sponsored
4/14/2025 12:00:00 AM
ioMosaic Corporation
Minneapolis , MN

Position Analyst- Chemical Engineer Location ioMosaic Corporation (Minneapolis, MN) Description Chemist Analyst ioMosaic Job Purpose The ideal candidates will be detail-oriented chemical engineering graduates with a desire to succeed and a willingness to learn. You will be provided with a mentor to train you in the finer aspects of process safety and risk management, and to further develop your engineering skills. Upon developing the necessary skills you will be working as a key member of our team executing projects for the world largest production companies. Duties and Responsibilities Evaluating and designing pressure relief systems Developing detailed safety and risk management design documentation Delivering high-quality technical evaluations Providing support for on-going safety and risk management case work including LNG hazard analysis, HAZOP support, and litigation services Communication skills, including willingness to interact with various people High efficiency and organizat


Sponsored
4/13/2025 12:00:00 AM
Gallagher
Bloomington , MN

Introduction Indulge your passion for problem-solving and embrace the thrill of addressing risk head-on at Gallagher's global brokerage team. Join a family of diverse minds, united by a relentless pursuit of excellence. As part of our team, you'll be the architect of protection, safeguarding businesses and empowering their ambitions. Together, we'll build a legacy of trust and triumph in the dynamic world of risk management. We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply. Overview We are seeking a Senior Client Service Manager to join our growing team who can deliver outstanding customer service! Are you interested in helping a range of clients through issues that vary from relatively simple to moderately complex? We are looking for people who are passionate about building relationships with clients, will collaborate with the sales team to achieve goals, const


Sponsored
4/12/2025 12:00:00 AM
Actalent
Minneapolis , MN

Job Title: Quality Systems Program Manager - ExemptJob Description We are seeking a highly skilled and motivated Quality Systems Program Manager to lead an interdependent workstream for Risk Management and Medical Device Coding for Complaint Handling and Post-Market Surveillance. The role involves collaboration with NextGen Complaint Handling Software Project implementation teams and other workstreams to define and refine coding structures and ensure compliance and efficiency in processes. Responsibilities + Lead an interdependent workstream for Risk Management and Medical Device Coding for Complaint Handling and Post-Market Surveillance. + Provide workstream ownership and collaboration with NextGen Complaint Handling Software Project implementation teams and other workstreams. + Define and refine coding structure for future Complaint Handling process and Software in alignment with Risk Management to drive efficiencies, automation, and compliance. + Implement a compliant, consistent, a


Sponsored
4/11/2025 12:00:00 AM
Sky Limit Systems
Minneapolis , MN

Title: Risk Underwriter (aka Our Guardian of Good Business) Location: Minneapolis, MN – In-Office at the TractorWorks Building Job Type: Full-Time About Us: We are a leading Buy Now, Pay Later platform for the creator industry. Built for creators, by creators, we empower creators to scale their businesses and help more people invest in their growth through flexible pay-over-time options. We’re shaking up how high-ticket offers—like courses, coaching, memberships, and masterminds—are sold, making them more accessible and helping creators grow their impact and their revenue. We’re a small but powerful team based in Minneapolis, building something big and bold in the North Loop. The Role: We’re looking for a full-time, in-office Risk Underwriter to be the backbone of our risk management strategy. You’ll be responsible for underwriting creators and their businesses before they join, making sure they’re delivering valuable, ethical, and high-quality offers to their customers. You’ll also ke


Sponsored
4/11/2025 12:00:00 AM

Check more jobs information at Loram Maintenance

Job Title Average Loram Maintenance Salary Hourly Rate
2 Account Payable $53,158 $26
3 Accounting Intern $53,193 $26
4 Accounts Payable Specialist $53,158 $26
5 Accounts Receivable Coordinator $51,784 $25
6 Assistant Manager $109,257 $53
7 Clerk $45,422 $22
8 Contracts Analyst $71,585 $34
9 Data Analyst $62,549 $30
10 Data Analyst I $72,393 $35
11 Data Management Administrator $75,578 $36
12 Designer III, Mechanical $85,820 $41
13 Director, Marketing $201,014 $97

Hourly Pay at Loram Maintenance

The average hourly pay at Loram Maintenance for a Risk Manager is $66 per hour. The location, department, and job description all have an impact on the typical compensation for Loram Maintenance positions. The pay range and total remuneration for the job title are shown in the table below. Loram Maintenance may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $137,693 look to you?

FAQ about Salary and Jobs at Loram Maintenance

1. How much does Loram Maintenance pay per hour?
The average hourly pay is $66. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Loram Maintenance?
According to the data, the highest approximate salary is about $155,013 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Loram Maintenance?
According to the data, the lowest estimated salary is about $121,066 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.