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Director Operational Risk Jobs (NOW HIRING)

Operational Risk Manager

New York, NY · On-site

$200K - $250K/yr

Direct the implementation of Point72's operational risk framework. * Oversee the capture, investigation, and root-cause analysis of realized events, ensuring effective documentation, remediation ...

Direct the implementation of Point72's operational risk framework. * Oversee the capture, investigation, and rootcause analysis of realized events, ensuring effective documentation, remediation ...

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Director Operational Risk information

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$54K

$143.2K

$260K

How much do director operational risk jobs pay per year?

As of May 30, 2026, the average yearly pay for director operational risk in the United States is $143,185.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,500.00 and $167,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Director of Operational Risk, and why are they important?

A Director of Operational Risk needs deep knowledge of risk management frameworks, regulatory requirements, and operational processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, data analytics platforms, and certifications such as FRM or CRM is highly valued. Strong leadership, analytical thinking, and effective communication are essential soft skills for guiding teams and influencing stakeholders. These competencies are crucial for identifying, assessing, and mitigating risks that could impact organizational objectives and regulatory compliance.

How does a Director of Operational Risk typically collaborate with other departments to manage enterprise-wide risks?

A Director of Operational Risk works closely with teams across the organization—including compliance, internal audit, IT, and business unit leaders—to identify, assess, and mitigate potential risks. This collaboration often involves organizing risk assessments, sharing best practices, and developing response strategies for incidents. Regular cross-functional meetings and reporting are common, ensuring that risk management is integrated into day-to-day business operations. Effective communication and relationship-building are crucial for success in this role, as the Director must foster a risk-aware culture throughout the company.

What does a Director of Operational Risk do?

A Director of Operational Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations. They develop risk management strategies, implement controls, and ensure compliance with relevant regulations. This role typically involves collaborating with different departments, reporting to senior management, and overseeing risk assessments and audits. The goal is to minimize losses and protect the organization from potential operational failures or external threats.

What is the difference between Director Operational Risk vs Risk Manager?

AspectDirector Operational RiskRisk Manager
CredentialsTypically requires advanced degrees (e.g., MBA, Risk Management certifications)Often requires similar certifications but may have less emphasis on advanced degrees
Work EnvironmentStrategic, leadership-focused, overseeing risk frameworks across departmentsOperational, focused on identifying and mitigating specific risks within teams
Employer & Industry UsageCommon in banking, finance, insurance, and large corporationsFound across various industries including finance, healthcare, and manufacturing

The main difference is that the Director of Operational Risk typically holds a senior leadership role responsible for setting risk strategies and policies, while the Risk Manager focuses on implementing risk mitigation measures at the operational level. Both roles require relevant certifications and experience, but the Director position involves broader strategic oversight.

More about Director Operational Risk jobs
What cities are hiring for Director Operational Risk jobs? Cities with the most Director Operational Risk job openings:
What are the most commonly searched types of Operational Risk jobs? The most popular types of Operational Risk jobs are:
What states have the most Director Operational Risk jobs? States with the most job openings for Director Operational Risk jobs include:
Infographic showing various Director Operational Risk job openings in the United States as of May 2026, with employment types broken down into 95% Full Time, and 5% Part Time. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.

Director, Operational Risk Management

Cornerstone Capital Bank

Houston, TX

Other

Medical, Dental, Vision, Life, Retirement

Posted 24 days ago


Job description

Description

Who we are:

Cornerstone Capital Bancorp, Inc., headquartered in Houston, is aTexas-basedfinancial services company dedicated to helping families, businesses, and communities thrive. Throughitsprimary subsidiary, Cornerstone Capital Bank, the organizationoperatesa community and business banking franchise alongside a premier national home lending, servicing, and home insuranceplatform-basedfinancial services company dedicated to helping families, businesses, and communities thrive.

Guided by a core Mission, Vision and Convictions statement,Cornerstoneoperates17full-servicebanking locations across major Texas markets andmore than 150mortgage offices nationwide.The companyhas servednearly700,000customersthrough its family of brands, including Cornerstone Home Lending, Roscoe Bank, Peoples Bank, Cornerstone Servicing, and Cornerstone Insurance. Supported by 1,600 team members,Cornerstoneis consistently recognized as a Fortune-certified Great Place to Work and a Top Workplace.

Formed through the combination of Cornerstone Home Lending and The Roscoe State Bank, Cornerstone brings more than a century of experience and is thehighest-capitalizednew bank in Texas history.

Who we are looking for:
We are seeking a highly skilled Operational Risk professional to join Cornerstone Capital Bank, reporting directly to the Managing Director of Operational Risk. This role is responsible for executing and overseeing key Operational Risk programs across the organization, including Issue Management, New Products and Initiatives, and Model Risk, while ensuring compliance with regulatory requirements and adherence to sound risk management practices.

Operating under the direction of the Managing Director, this position partners closely with business units and control functions to implement risk strategies, policies, and procedures, provide daytoday leadership of operational risk activities, and coordinate with other risk management disciplines to support a consistent, enterprisewide risk management framework.

What you'll do:

  • Lead the development and implementation of the operational risk management framework, including policies, procedures, and controls.
  • Identify and assess operational risks across the organization, using a range of risk assessment techniques and tools.
  • Collaborate with business units and departments to develop and implement risk management processes.
  • Monitor the effectiveness of operational risk controls and identify opportunities for improvement.
  • Provide leadership and guidance to a team of operational risk professionals, including setting performance objectives, providing coaching and mentorship, and conducting performance evaluations.
  • Collaborate with other risk management functions, such as credit, market, and liquidity risk, to ensure a holistic approach to risk management.
  • Ensure compliance with regulatory requirements and industry best practices in operational risk management.
  • Participate in the development and implementation of the bank's overall risk appetite and risk management strategy.
  • Prepare and present reports and presentations on operational risk management to senior management and the board of directors.

What you'll need to be successful:

Success in this job relies on your time management skills, organization, and positive attitude. In addition, you'll need the following qualifications:

  • Bachelor's degree in a relevant field, such as finance, business, or risk management. Master's degree preferred.
  • Minimum of 10 years of experience in operational risk management, preferably in the banking industry.
  • Proven experience leading the development and implementation of operational risk management frameworks and policies.
  • Strong understanding of regulatory requirements and industry best practices in operational risk management.
  • Excellent communication and interpersonal skills, with the ability to influence and persuade at all levels of the organization.
  • Strong leadership, problem-solving, and decision-making abilities.
  • Proficiency in risk assessment techniques and tools, such as risk mapping and scenario analysis.
  • Experience leading and managing a team of professionals.
  • Relevant risk management certifications preferred.

    What we offer:

    Because we recognize and reward hard work, we offer a competitive salary, Medical, Dental, Vision, , Accidental Death, Long-Term Disability, Short-Term Disability, FSA, HSA, 401K, Basic Life, Voluntary Life, and Paid Parental Leave benefits, as well as the opportunity for a performance based bonus based on position and department.


    What to do next:

    If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're part of our Cornerstone family, we'll continue to invest in you as a valuable asset in our company. As many of our team members can tell you, there's something special about working at Cornerstone.


    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 notice from the Department of Labor.