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$51.4K

$136.2K

$247.4K

How much do director operational risk jobs pay per year?

As of Jun 18, 2026, the average yearly pay for director operational risk in Indiana is $136,249.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,400.00 and $159,400.00 per year, depending on experience, location, and employer.

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.

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 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.

Does the director of national intelligence need senate confirmation?

The Director of National Intelligence (DNI) is a presidential appointee who requires Senate confirmation before taking office. This process ensures oversight and bipartisan approval for the role, which involves overseeing the intelligence community and coordinating national security efforts.

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.

Is a director higher than a CEO?

A CEO (Chief Executive Officer) is typically the highest-ranking executive in a company, responsible for overall strategic direction and decision-making. A director, including a Director of Operational Risk, usually reports to the CEO and oversees specific departments or functions. Therefore, the CEO holds a higher position than a director within an organizational hierarchy.

What is the meaning of a director?

A director is a senior leadership role responsible for overseeing a specific department or function within an organization, such as operational risk. They develop strategies, manage teams, and ensure compliance with policies and regulations, often requiring leadership skills and industry knowledge.

What is the role of the director?

A Director of Operational Risk is responsible for identifying, assessing, and managing risks that could impact an organization's operations. They develop risk management strategies, implement policies, and oversee compliance to ensure operational resilience. Strong analytical skills and knowledge of industry regulations are essential for this role.
What are the most commonly searched types of Operational Risk jobs in Indiana? The most popular types of Operational Risk jobs in Indiana are:
What are popular job titles related to Director Operational Risk jobs in Indiana? For Director Operational Risk jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Director Operational Risk jobs in Indiana look for? The top searched job categories for Director Operational Risk jobs in Indiana are:
What cities in Indiana are hiring for Director Operational Risk jobs? Cities in Indiana with the most Director Operational Risk job openings:
Director Operational Risk jobs near you
Global Risk Manager

Global Risk Manager

Allison Transmission

Indianapolis, IN • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 20 days ago

Allison Transmission rating

9.1

Company rating: 9.1 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

17th of 418 rated machine equipment manufacturers

Job description

JOIN THE TEAM THAT'S POWERING PROGRESS
Building cities. Driving commerce. Fueling Progress. For over 100 years, Allison has powered the vehicles and technology that move our world forward.
What powers us? Our employees. From the first person hired by James Allison in 1915 to the thousands across the globe who work for Allison today, we're driving progress everywhere because we employ top talent worldwide. In both the Allison Transmission and Allison Off-Highway Drive and Motion Systems business units, our team strives to Improve the Way the World Works.
Learn more about this role and how you can begin driving your career forward!
Benefits:
The below list features some of the benefits currently available. Eligibility may be subject to the terms and conditions of governing documents and available benefits may be subject to change at the company's discretion.
  • Choice of medical plans with prescription coverage
  • Employer HSA contribution
  • Dental & Vision Insurance
  • Paid Parental Leave
  • Short & Long-Term Disability
  • Other voluntary benefits including: Critical Illness, Hospital Indemnity, Identity Theft Protection and Pet Insurance
  • 401K with generous Company match & contribution
  • Accrued Paid Time Off
  • 12 Paid Holidays + 1 Floating Holiday
  • Robust employee wellness program
  • Tuition assistance program

Job Description:
The Risk Manager, Global Insurance is responsible for managing the company's global insurance portfolio, including risk identification, assessment, financing, and mitigation strategies. The role ensures the company maintains a comprehensive, cost-effective global insurance program aligned with corporate objectives, regulatory requirements, and evolving risk exposures. The position partners closely with Legal, Operations, EHS, Facilities, Finance, HR, procurement, sales, and external brokers/insurers. This highly visible role requires strong analytical capabilities, attention to detail, and the ability to communicate complex risk concepts to senior leadership clearly and effectively.
Key Responsibilities:
  • Lead the design, placement, renewal, and ongoing administration of the global insurance program, including property, casualty, auto, general liability, product liability, D&O, cyber risk, workers' compensation, and specialty programs.
  • Partner with internal stakeholders and external brokers to evaluate corporate risk exposures, develop risk financing strategies, and ensure adequate coverage terms and limits across all global operations.
  • Manage all claims activities, including directing third-party administrators, coordinating internal fact-gathering, and reporting claims trends and losses to leadership.
  • Support enterprise risk management (ERM) by contributing insights on insurable risks, loss prevention initiatives, and risk mitigation strategies.
  • Collect and validate underwriting data, financial information, asset values, operational details, and documentation required for global insurance renewals.
  • Analyze exposure data, premiums, loss history, and benchmarking to identify trends and recommend improvements.
  • Develop presentations for senior management, Treasury leadership, and the Board regarding insurance updates, renewals, claims activity, and risk profile trends.
  • Maintain relationships with insurance carriers, brokers, consultants, and other external risk partners.
  • Ensure accurate budgeting, accruals, and forecasting for insurance costs across the global portfolio.
  • Serve as internal subject matter expert on insurance-related issues, providing guidance to business partners worldwide.
  • Support audits, regulatory reviews, and compliance obligations related to risk, insurance, and claims.
  • Perform ad-hoc risk assessments, scenario modeling, and special projects as required.

Key Performance Measures:
  • Effectiveness and cost-efficiency of global insurance placement and program structure
  • Claims management cycle time, quality, and financial outcomes
  • Accuracy of forecasting, budgeting, and renewal data submissions
  • Internal stakeholder satisfaction and responsiveness
  • Quality of analysis, reporting, and insight provided to senior leadership and the Board

Competencies and Behaviors:
  • High ethical standards with strong judgment and the ability to handle sensitive information confidentially
  • Strong organizational and planning abilities, with exceptional attention to detail
  • Ability to manage multiple priorities in a fast-paced environment
  • Intellectual curiosity with strong analytical and problem-solving skills
  • Ability to communicate complex concepts clearly to diverse stakeholders, including executive leadership
  • Professional demeanor with strong relationship-building skills across functions and geographies

Qualifications:
  • Bachelor's degree in Finance, Risk Management, Business, Accounting, or related field
  • 5+ years of relevant experience in corporate risk management, insurance brokerage, or insurance underwriting
  • Strong understanding of global insurance markets, risk financing concepts, and claims processes
  • Advanced proficiency with Microsoft Office (Excel, PowerPoint, CoPilot) for analysis and presentations
  • Exceptional written and verbal communication skills
  • Ability to travel to global sites

Experience:
  • Demonstrated experience managing or supporting complex corporate insurance programs
  • Experience with data analysis, loss modeling, and large-scale risk assessments
  • Proven ability to collaborate cross-functionally and influence without authority
  • Familiarity with Treasury, Legal, EHS, and operational risk environments

Scope Factors:
  • Works cross-functionally with internal and external stakeholders across global operations
  • Handles complex analytical work requiring strong technical skills and business judgment
  • Influences significant corporate spending related to insurance premiums and retained risk
  • Supports oversight of companywide insurable risk exposure
  • Single contributor role who influences executives across the business and manages relationships with insurance brokers and carriers

Travel or Physical Demands:
  • Up to 25% domestic and global

Allison Transmission is an equal opportunity employer. We have opportunities for all qualified applicants regardless of age, race, color, sex, religion, creed, national origin, disability, sexual orientation, gender identity/expression or veteran status.
If you are an individual with a disability or a disabled veteran requiring assistance and/or reasonable accommodations reviewing any of the careers information, please contact us at ati+ask4max@service-now.com.
Please note that Allison Transmission will make an offer of employment only to individuals who have applied for a position using our official application. Be on alert for possible fraudulent offers of employment. Allison Transmission will not solicit money or banking information from applicants.

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