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Director Operational Risk Jobs in New York (NOW HIRING)

SHI

Director - Risk Management

Somerset, NJ · On-site

As part of SHI's Global Compliance program, the Director of Risk Management will help establish the ... Third-Party& Operational Risk * Design and maturethird-partyrisk segmentation, due diligence, and ...

Rain

Head of Enterprise Risk Management

New York, NY · On-site

$50K/yr

Provide oversight of ERM programs related to model risk, third party risk, operational risk ... Provide insights and recommendations to senior leadership and the board of directors on risk ...

DriveWealth

Head of Risk Management

New York, NY · On-site

You will lead the operational risk and financial risk focus areas, translating the complexities of ... Direct experience or deep theoretical knowledge of Stablecoins and Crypto risk, including custodial ...

TP ICAP

Risk & Control Analyst

New York, NY · On-site

Key tasks and projects include measuring policy adherence, recommending operational efficiency ... Provide support to Senior Manging Directors to discharge applicable remote office and/or branch ...

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All JobsDirector Operational Risk JobsDirector Operational Risk Jobs in New York

Director Operational Risk information

See New York salary details

$59.1K

$156.6K

$284.4K

How much do director operational risk jobs pay per year?

As of Jun 17, 2026, the average yearly pay for director operational risk in New York is $156,649.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,400.00 and $183,200.00 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 New York? The most popular types of Operational Risk jobs in New York are:
What are popular job titles related to Director Operational Risk jobs in New York? For Director Operational Risk jobs in New York, the most frequently searched job titles are:
What job categories do people searching Director Operational Risk jobs in New York look for? The top searched job categories for Director Operational Risk jobs in New York are:
What cities in New York are hiring for Director Operational Risk jobs? Cities in New York with the most Director Operational Risk job openings:
Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in New York as of June 2026, with employment types broken down into 100% Full Time. Highlights an 92% In-person, 4% Hybrid, and 4% Remote job distribution, with an average salary of $156,649 per year, or $75.3 per hour.
Head of Enterprise Risk Management

Head of Enterprise Risk Management

Westfield

Manhattan, NY • On-site

Full-time

Posted 17 days ago

Westfield Insurance rating

8.7

Company rating: 8.7 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

63rd of 261 rated insurance

Job description

Job Summary:

The Head of Enterprise Risk Management (ERM) is responsible for designing, implementing, and advancing a comprehensive enterprise risk management framework that integrates risk intelligence into strategic planning, capital allocation, performance management, governance, and transformation initiatives.  Reporting to the Chief Risk Officer (CRO), the role provides enterprise-wide leadership, authority, and influence to establish consistent risk standards, enhance forward looking risk visibility, and support executive and Board decision making.

Job Responsibilities:

  • Architect, implement, and mature the enterprise risk management framework aligned to strategy, capital, and performance objectives.
  • Define and operationalize enterprise risk appetite and tolerances in collaboration with executive leadership and the Board; cascade into policies, incentives, performance management, and investment decisions.
  • Establish and maintain enterprisewide risk governance, including a common risk language, taxonomy, and measurement standards.
  • Develop an effective Three Lines of Defense model, delineating ownership and influence across riskrelated functions including capital management, operational risk, IT/Cyber, compliance, legal, internal audit, and business units.
  • Lead recurring Enterprise Risk Assessments (ERAs) and materiality analyses; maintain an enterprise risk register capturing risk velocity, interdependencies, concentrations, and residual exposure.
  • Implement key risk indicators (KRIs), earlywarning mechanisms, scenario analysis, stress testing, and emerging risk monitoring.
  • Serve as an independent enterprise challenger to strategic decisions, capital deployment, and portfolio tradeoffs.
  • Embed riskadjusted decisionmaking into strategy development, M&A, capital planning, portfolio management, and largescale transformation initiatives.
  • Partner with the Financial Planning & Analysis (FP&A) department and business leadership to integrate risk impacts into forecasts, plans, and resource allocation decisions.
  • Ensure major programs and initiatives include defined risk gates, mitigation plans, and postimplementation reviews.
  • Oversee and strengthen operational risk management, including Risk and Control Self-Assessments (RCSAs), incident and loss event reporting, remediation tracking, and thematic analysis.
  • Support enterprise resilience through Business Continuity, Disaster Recovery, and Crisis Management planning, simulations, and afteraction reviews.
  • Enhance ThirdParty Risk Management, including due diligence, segmentation, ongoing monitoring, and exit planning using a tiered oversight approach.
  • Develop enterprise risk data, analytics, and dashboards to provide timely insights, trend analysis, heatmaps, KRIs, and scenario outcomes.
  • Establish effective executive and Board risk reporting cadences and automate reporting processes to improve timeliness and data quality.
  • Provide input into ORSA, capital adequacy, emerging risk disclosures, and regulatory risk reporting as applicable.
  • Build and sustain a strong enterprise risk culture through clear accountability, rolebased enablement, and leadership engagement.
  • Lead, develop, and scale a highperforming ERM team, including leveraging centers of excellence and embedded business risk champions.
  • Provide strategic input to the CRO on segment strategies, risk appetite breaches, and aggregated enterprise risk and capital usage.

Job Qualifications:

  • 12+ years of progressive experience in enterprise risk management, finance, strategy, or related leadership roles.
  • 5+ years of senior people leadership experience.
  • Bachelor's degree in Finance, Risk Management, Accounting, Business, or a related discipline required; advanced degree preferred.
  • Experience operating at the executive and Board level.
  • Strong understanding of ERM frameworks, capital management, operational risk, governance, and enterprise transformation.
  • Insurance or financial services industry experience preferred.

Licenses and Certifications: 

  • Professional risk or finance certifications (e.g., CPA, CFA, FRM, CERA) preferred.

Behavioral Competencies:

  • Collaborates
  • Communicates Effectively
  • Customer Focus
  • Decision Quality
  • Nimble Learning
  • Builds Effective Teams
  • Business Insight
  • Develops Talent
  • Directs Work
  • Ensures Accountability
  • Manages Complexity
  • Drives Vision and Purpose
  • Strategic Mindset

Technical Skills:

  • Enterprise Risk Management
  • Risk Appetite & Governance
  • Scenario Analysis & Stress Testing
  • Capital & Portfolio Risk
  • Operational Risk Management
  • Resilience & Crisis Management
  • ThirdParty Risk Management
  • Risk Data & Analytics
  • Controls Assessment
  • Stakeholder Management

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets. 

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