In the context of the large-scale modernization of modern society, the ability to make decisions in conditions of uncertainty, characterized by the presence of potential risks, is highlighted as the leading quality of a manager. The purpose of the article is to study the psychological determinants of risk readiness and managers' innovation activity at the management level of the banking sector. The empirical basis of the study was PJSC Bank FC Otkritie». The sample consisted of managers of different levels aged 28-45 years. Within the framework of the study, the following methods were used: Diagnostics of personal risk readiness PSK by Schubert; Mehrabian Achieving Tendency Scale, MATS; Express diagnostics of barriers in managerial activity by Fetiskin; Personnel Innovation Readiness Questionnaire by Panteleeva and Knysheva. According to the results of the study, the average level of risk readiness for the entire sample was obtained, which is a fairly low indicator for banking sector (some respondents scored low at particular indicators), which is constantly associated with certain risks. It is established that the psychological foundations of the readiness for innovation activity of managers in the banking sector are: high motivation to achieve success, risk appetite, high level of innovation activity. The results of the correlation analysis indicate a high close relation between the managers' level of risk readiness and readiness for innovative activities. Based on the results of the study, recommendations were given to the managers to form a psychological readiness to take risks and take part in innovative activities within this banking organization. © 2023 Author(s).