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Director Operational Risk Jobs in Kentucky (NOW HIRING)

MISBO

Finance Director

Louisville, KY · On-site

$90 - $130/hr

The Finance Director is a senior leadership role responsible for the strategic and operational ... Advise the Head of School and Board on financial planning, budgeting, and risk management.

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Director Operational Risk information

See Kentucky salary details

$46.9K

$124.4K

$225.8K

How much do director operational risk jobs pay per year?

As of Aug 8, 2026, the average yearly pay for director operational risk in Kentucky is $124,360.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,600.00 and $145,500.00 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.

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.
What are the most commonly searched types of Operational Risk jobs in Kentucky? The most popular types of Operational Risk jobs in Kentucky are:
What are popular job titles related to Director Operational Risk jobs in Kentucky? For Director Operational Risk jobs in Kentucky, the most frequently searched job titles are:
What job categories do people searching Director Operational Risk jobs in Kentucky look for? The top searched job categories for Director Operational Risk jobs in Kentucky are:
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Director Operational Risk jobs near you

Vice President of Risk Management

Churchill Downs Incorporated

Louisville, KY • Remote

Full-time

Re-posted 23 days ago

Job description

ABOUT CHURCHILL DOWNS INCORPORATED 

Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for more than 150 years, beginning with one of the most iconic and enduring events in sports and entertainment-the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI blends a rich legacy with a forward-looking approach to growth. Through the acquisition, development, and operation of live and historical racing entertainment venues, the expansion of online wagering services and other technology businesses, and the ownership and operation of regional casino gaming properties, CDI offers diverse career opportunities across the country. Our success is driven by dedicated team members who are passionate about delivering exceptional experiences, embracing innovation, and helping shape the future of entertainment.

JOB SUMMARY

A Vice President of Risk Management is a senior leader responsible for protecting the organization's assets, operations, and people through comprehensive risk and insurance strategies. This role oversees commercial insurance placement, captive insurance programs, and surety bonds, while leading claims management activities including negotiations, litigated claims oversight, and participation in mediations. The VP monitors liability exposure through actuarial reserve reviews, claims analysis, and regular reporting to stakeholders, supports contract reviews by advising on insurance provisions in partnership with legal, and leads incident response efforts for major events, including directing investigation teams. Additionally, this role supervises claims leadership, ensures priorities are aligned and work is executed effectively, and contributes to the Enterprise Risk Management program to support organizational objectives.

ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Place coverages for all commercial lines to ensure assets and team members are properly insured.
  • Lead claims negotiations and discussions with insurance carrier, legal, and property representatives.
  • Support review of company contracts to provide feedback on insurance provisions in conjunction with corporate legal department.
  • Review quarterly actuarial reserve analysis.
  • Monitor litigated liability claims and provide updates to key stakeholders.
  • Participate in mediations.
  • Lead the Guest Incident Investigation Team at the Kentucky Oaks and Derby.
  • Obtain surety bonds.
  • Answer ad-hoc inquiries regarding coverage, best practices, and reserve changes.
  • Prepare meaningful claims data (cause of loss reports, claim summaries, loss rate analysis, etc.) for quarterly meetings with each property.
  • Oversee captive insurance company.
  • Supervise Director or Claims to ensure all work is properly prioritized and completed.
  • Serve on the Enterprise Risk Management team.
REQUIREMENTS
  • Bachelor's degree required; advanced degree preferred.
  • 10-15 years of relevant risk management experience preferred.
  • Excellent analytical, problem solving, and strategic thinking skills.
  • Ability to analyze, interpret, and summarize data.
  • Excellent financial acumen and understanding of risk management practices.
  • Significant experience with commercial insurance policies.
  • Experience working with a captive insurance company preferred.
  • Detail oriented, professional demeanor, strong organization and project management skills.
  • Strong interpersonal skills, including the ability to interact effectively with senior / executive management.
  • Excellent verbal and written communication / presentation skills.
  • Strong work ethic and ability to cultivate working relationships throughout the organization.
  • Proficient with Microsoft suite products (Excel, PowerPoint, etc.).

CHURCHILL DOWNS INCORPORATED

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.

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