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Salary and Benefits

Operational Risk Manager
$84K-$103K / yr. (est.)
$85K
$94,192 / year
$104K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Operational Risk Manager

What does an Operational Risk Manager do?

In the role of Operational Risk Officer, we work directly with the Head of Risk to develop and maintain an Operational Risk Management program. We also monitor reports and risk metrics. Assisting in the Process Risk Assessment to develop the Annual Plan is our job. We coordinate risk control self-assessments across various areas. We perform trend analysis of risk events, and audit and examination findings. It is our responsibility to develop written reports and investigate risk events. We identify operational risks by way of internal system failures. We implement operational risk controls. Creating analytical tools and comprehensive reports to measure and quantify risk exposure is our duty.

Core tasks:

  • ensure the escalation of operational risk metrics to risk staff and senior management
  • provide high-level risk forecast report
  • mitigate potential losses across multiple business areas
  • adapt to current developments in operational risk management
  • report operational information to internal and external stakeholders
  • oversee the operational risk management team

Insights

How Many Years of Experience Do Professionals Need Before Becoming Operational Risk Manager?
On average, people work 7+ years in other positions prior to becoming a Operational Risk Manager.
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Internal AuditorNew York City, NY - 11 months ago
😡 Are you kidding me? That's so unfair! Why should we have to work in multiple positions for years just to get a shot at being an operational risk manager?
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Data AnalystPhoenix, AZ - 11 months ago
🙌 Finally! This infographic makes so much sense. It's all about gaining experience and mastering different aspects of the job before becoming an operational risk manager.
How Long Do Operational Risk Manager Employees Typically Stay in Their Roles?
On average, Operational Risk Managers works in this position for 3-5 years across multiple employers.
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Private BankerBoston, MA - 11 months ago
Wait, so after 3-5 years of moving around, are Operational Risk Managers considered veterans in their field or still relatively junior?
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Account ManagerSan Francisco, CA - 11 months ago
This information is useful, but it would be great to have additional details on the types of companies Operational Risk Managers tend to work for.
What Is the Job Hopper Score for Operational Risk Manager Employees?
Moderate job changes in Operational Risk Manager, showing some career movement without excessive turnover.
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Marketing CoordinatorChicago, IL - 11 months ago
Operational Risk Manager...it's interesting how they transition to other fields within the same industry! 🧐
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NurseHouston, TX - 11 months ago
🙌 Operational Risk Manager! Finally, a career option with more stability and better pay! I'm in!

Career path

Path to job

Discover a Operational Risk Manager's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Operational Risk Manager typically studied at.
Arizona State University-Tempe
New York University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Operational Risk Manager Employees?
Gender ratio in Operational Risk Manager position: 0.63023161316538 Male and 0.36976838683462 Female. Age ratio in Operational Risk Manager position: 16-20: 2%, 21-30: 39%, 31-40: 36%, 41-50: 18%, 51-60: 5%, 60+: 0%. Operational Risk Manager position is predominantly male (63.0%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Operational Risk ManagerMiami, FL - 11 months ago
As a woman in this field, it's disheartening to see such low female representation. We need to break this glass ceiling! 💪
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Operational Risk ManagerSeattle, WA - 11 months ago
Age should not be a factor in determining someone's competence. Society needs to value experience and inclusivity more! 👵

Workplaces

Who Are the Top Employers for Operational Risk Manager?
Top employers of Operational Risk Manager position: Bank of America, Citi, EY. People who work in Operational Risk Manager position most typically go on to work for the Bank of America.
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Operational Risk ManagerChicago, IL - 11 months ago
Are you kidding me? EY is where it's at for Operational Risk Managers. They provide top-notch training and global exposure.
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Operational Risk ManagerHouston, TX - 11 months ago
Bank of America may have the highest number of Operational Risk Managers, but that doesn't necessarily make it the best place to work. Quality matters over quantity!
Bank of America
Citi
EY
What Industries Does Operational Risk Manager Typically Have Experience In?
Industry Background: The most typical industries of Operational Risk Manager: Finance & Insurance, Professional / Scientific / Technical, Information Technology, Manufacturing, Administrative & Support. Operational Risk Manager employees most likely come from a Finance & Insurance industry background.
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Operational Risk ManagerChicago, IL - 11 months ago
💯 Totally agree with you, LA! On top of that, Operational Risk Managers need to liaise with various departments, bridge communication gaps, and effectively manage stakeholder expectations. It takes exceptional communication and leadership skills to succeed in this role.
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Operational Risk ManagerHouston, TX - 11 months ago
Y'all make it sound like an easy 9-5 job, but the reality is, it can be a high-pressure gig. Operational Risk Managers are responsible for protecting the company's assets and reputation, and the consequences of not managing risks properly can be severe. So, let's give credit where it's due and not trivialize the challenges they face!

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Discussion about Operational Risk Manager

Want to know more about Operational Risk Manager position?
Share your thoughts and ideas about Operational Risk Manager position with others in our community.
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Do a lot of women work as an Operational Risk Manager?
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Benjamin Gardner3 years ago
More men than women work as an Operational Risk Manager.
What is the typical age of people who work as an Operational Risk Manager?
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Isabella Holmes3 years ago
The typical age is 33 for an Operational Risk Manager.
Is an Operational Risk Manager considered to be a junior profession?
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Benjamin Gardner3 years ago
You probably need around 7 years to work as an Operational Risk Manager
Which industries should an Operational Risk Manager consider working in?
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Liam Brown3 years ago
Finance & Insurance employs the most.
What kind of higher education an Operational Risk Manager need?
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Isabella Holmes3 years ago
Most people have a Bachelor of Science degree
Which company employs the most people in the Operational Risk Manager role?
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Benjamin Gardner3 years ago
Working as an Operational Risk Manager it might be a good next step to work for Bank of America, Citi, EY, JPMorgan Chase & Co. and Wells Fargo
How many years do people spend as an Operational Risk Manager in their career path?
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Isabella Holmes3 years ago
An Operational Risk Manager typically moves on after 4 years
How common is it for an Operational Risk Manager to jump from company to company?
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Sophie Hayes3 years ago
On average an Operational Risk Manager works for only a few companies.
What do people usually work as before switching to Operational Risk Manager?
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Isabella Holmes3 years ago
An Operational Risk Manager probably worked as Vice President, Risk Manager or Project Manager before
Working as an Operational Risk Manager what job titles should I consider to switch to?
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Sophie Hayes3 years ago
Vice President, Risk Manager or Director OF Risk Management can be a good next step
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