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Control Risk Jobs in Richmond, VA (NOW HIRING)

ODEC

Enterprise Risk Manager

Glen Allen, VA · On-site

This role oversees trading agreement risk, counterparty credit risk, and trading control risk through the use and oversight of services provided by a trading and risk management company. This ...

Capital One

Principal Risk Specialist

Richmond, VA · On-site

$97K/yr

Performs control design reviews and compliance risk assessments. * Monitors the risk and control environment for weaknesses and identifies solutions to improve the effectiveness and efficiency of ...

Capital One

Lead Risk Specialist

Richmond, VA

$97K/yr

As a Risk Lead in Capital One's Global Payment Network (GPN) USCM Business Risk and Control organization, you won't just monitor risk-you will partner with business leaders to actively shape our ...

Capital One

Manager, Risk Advisor

Richmond, VA

Facilitate and lead risk assessments and related activities (Critical Business Process Identification, Process Level Assessments, Risk and Control Self-Assessments, Changed-Based Risk Assessments ...

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Control Risk information

See Richmond, VA salary details

$5

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How much do control risk jobs pay per hour?

As of Aug 3, 2026, the average hourly pay for control risk in Richmond, VA is $27.34, according to ZipRecruiter salary data. Most workers in this role earn between $22.88 and $31.49 per hour, depending on experience, location, and employer.

What are Control Risk professionals?

Control Risk professionals are experts who help organizations identify, assess, and mitigate risks that could impact their operations, assets, or reputation. They work to design and implement systems of internal controls to prevent fraud, ensure compliance with laws and regulations, and support effective risk management. Their roles span various industries and may involve tasks such as risk assessments, audits, crisis management, and developing strategies to address potential threats. By proactively managing risks, they help organizations achieve their objectives and maintain resilience in a changing environment.

What is the difference between Control Risk vs Compliance Officer?

AspectControl RiskCompliance Officer
Primary FocusRisk management, internal controls, and mitigation strategiesEnsuring adherence to laws, regulations, and policies
CertificationsRisk management certifications (e.g., CRM, FRM)Compliance certifications (e.g., CCEP, CAMS)
Work EnvironmentCorporate, consulting, or financial institutionsFinancial institutions, corporations, regulatory agencies
Industry UsageRisk assessment and control implementationMonitoring and enforcing compliance standards

While both roles focus on organizational integrity, Control Risk professionals primarily manage risk mitigation strategies, whereas Compliance Officers ensure adherence to legal and regulatory requirements. Both roles are vital in maintaining a company's reputation and operational stability, often working closely together but with distinct responsibilities.

What are the key skills and qualifications needed to thrive as a Control Risk Analyst, and why are they important?

To thrive as a Control Risk Analyst, you need strong analytical skills, knowledge of risk management principles, and typically a degree in finance, accounting, or a related field. Familiarity with risk assessment tools, auditing software, and regulatory compliance systems such as COSO or SOX is important. Attention to detail, critical thinking, and strong communication skills help you effectively evaluate controls and collaborate with stakeholders. These competencies are crucial for proactively identifying and mitigating risks, ensuring regulatory compliance, and protecting organizational assets.

How does a Control Risk professional typically collaborate with other departments to manage organizational risk?

Control Risk professionals often work closely with departments such as finance, operations, IT, and compliance to identify, assess, and mitigate risks that could affect the organization. They facilitate regular risk assessments, coordinate cross-functional meetings, and communicate risk findings and recommendations to stakeholders. This collaboration ensures that risk management strategies are integrated into business processes and that all teams are aligned in implementing controls and responding to potential threats. Effective communication and relationship-building are key skills for success in this role.
Control Risk jobs near you
Infographic showing various Control Risk job openings in Richmond, VA as of July 2026, with employment types broken down into 1% As Needed, 73% Full Time, 20% Part Time, 1% Temporary, 4% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $56,875 per year, or $27.3 per hour.

Enterprise Risk Manager

Old Dominion Electric Cooperative

Glen Allen, VA • On-site

Full-time

Re-posted 13 days ago

Job description

Purpose of Job

The Enterprise Risk Manager is responsible for identifying, evaluating, and mitigating operational and financial risks across the organization, with a primary focus on energy trading and market risk activities. This role oversees trading agreement risk, counterparty credit risk, and trading control risk through the use and oversight of services provided by a trading and risk management company.

This position ensures compliance with ODEC’s Energy Risk Management Policy (ERMP) and Energy Risk Management Standards and Procedures (ERMS&P), while supporting broader enterprise risk initiatives across the Finance function. This role assists in organizing and facilitating the Risk Management Committee (RMC) and provides risk insights, analysis, and recommendations to support informed decision-making and organizational risk mitigation.

Essential Responsibilities

 Risk Management Operations Functions

  • Monitor and manage risk exposures related to power and natural gas operations, including PJM/RTO activities, collateral adequacy, and market activity.
  • Track natural gas hedging activity and evaluate key market drivers impacting margin settlements.
  • Review collateral thresholds and respond to potential margin calls in coordination with the services provided by a trading and risk management company.
  • Evaluate and monitor counterparty credit risk, including financial health, credit exposure, and compliance with established credit controls.
  • Support credit risk mitigation strategies, including guarantees, prepayments, and letters of credit.
  • Ensure compliance with trading controls, transaction authority limits, and proper trade capture and reporting.
  • Evaluate and escalate or recommend actions on trading activities, credit exposures, and risk limit exceptions.
  • Participate in risk management activities associated with the services provided by a trading and risk management company and PJM.
  • Prepare, review, and present risk management reports and analyses to leadership and the RMC.
  • Monitor compliance with regulatory requirements, including CFTC Dodd-Frank rules.
  • Support and administer enterprise risk assessments.
  • Performs other duties as assigned.

Risk Compliance

  • Maintain and update SOX-related risk processes and documentation.
  • Review SOC 1 Type II reports for services provided by a trading and risk management company and other key partners.
  • Ensure appropriate internal controls are documented and functioning.
  • Communicate with counterparties concerning “Know Your Customer” and other risk-related questions and initiatives.

 Insurance Program Support

  • Develop working knowledge of ODEC’s property and liability insurance programs.
  • Assist with maintaining insurance programs.

 Additional Responsibilities

  • Collaborate with Treasury on credit exposure and financial risk considerations.
  • Provide general support to the Finance Department initiatives.
  • Participate in company committees and cross-functional initiatives.
  • Lead or contribute to cross-functional efforts.

 Work Experience

  • Minimum of 10 years of risk management, finance, power supply, investment, or derivative trading and/or accounting, relevant experience.
  • Utility or energy sector experience preferred.
  • Experience with external service providers supporting energy trading, market operations, or risk management preferred.

Critical Knowledge, Skills, and Abilities

  • Energy trading agreements (ISDA, NAESB, EEI).
  • Energy risk management practices.
  • Energy trading products.
  • Financial and commodities markets.
  • Advanced Excel and Microsoft 365 proficiency.
  • Strong analytical and problem-solving skills.
  • Effective communication and collaboration skills.
  • Ability to interpret complex data.
  • Self-starter with a continuous improvement mindset.
  • Ability to influence without authority.

    Preferred Knowledge, Skills, and Abilities

    • PJM market familiarity.
    • SOX and Dodd-Frank knowledge.
    • Risk governance experience.
    • ETRM systems experience.

    Education

    • Bachelor’s degree in Accounting, Finance, Economics, Business, Risk Management, or a relevant degree.
    • Equivalent experience may be considered.

    Travel Details

    Occasional travel required (less than 10%).

    Working Conditions and Physical Demands

    This position operates in a professional office environment and involves routine use of standard office equipment, including computers, phones, and other technology. This role requires the ability to perform general office activities such as sitting for extended periods, working at a computer, and communicating effectively with internal and external stakeholders. Travel for this position is minimal and expected to be less than 10%, consisting of occasional meetings or visits to company facilities. Requires focus on analytical tasks.

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