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Director Operational Risk Jobs in Calgary, AB (NOW HIRING)

Quadreal

Director, Operations- West

Calgary, AB · On-site

The Director is responsible for driving operational excellence across building systems ... Compliance & Risk Management * Ensure compliance with all environmental, regulatory, and statutory ...

FCT

Director, National Underwriting

Calgary, AB

The Director, National Underwriting is responsible for safeguarding the Company's risk profile by ... operations. HERE'S HOW YOU'LL CONTRIBUTE: * Provide expert underwriting guidance, risk assessment ...

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All JobsOperational Risk JobsDirector Operational Risk JobsDirector Operational Risk Jobs in Calgary, AB

Director Operational Risk information

See Calgary, AB salary details

$29.5K

$116.9K

$183.5K

How much do director operational risk jobs pay per year?

As of Aug 7, 2026, the average yearly pay for director operational risk in Calgary, AB is $116,884.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,000.00 and $150,500.00 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 popular job titles related to Director Operational Risk jobs in Calgary, AB? For Director Operational Risk jobs in Calgary, AB, the most frequently searched job titles are:
What job categories do people searching Director Operational Risk jobs in Calgary, AB look for? The top searched job categories for Director Operational Risk jobs in Calgary, AB are:
Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in Calgary, AB as of July 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, 1% Temporary, and 1% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $116,884 per year, or $56.2 per hour.

Director, Operational Risk Governance (Global Security)

Royal Bank of Canada

Calgary, AB • On-site

Full-time

Posted 2 days ago

New

Job description

Job Description

WHAT IS THE OPPORTUNITY?

The Operational Risk Governance team is undertaking multiple complex enterprise-wide initiatives as part of RBC's ongoing plan to improve risk management controls and governance framework across the organization. In this role you will be responsible for strategically planning and managing successful implementation of risk mitigation strategies and compliance oversight.

WHAT WILL YOU DO?

The role will coordinate, develop, lead, communicate and execute activities to ensure operational risk objectives are accomplished on time, including:

  • Risk Assessment & Monitoring: Designing and implementing frameworks to identify, assess, and monitor operational risks across business units
  • Control Framework Development: Establishing and maintaining robust internal controls aligned with regulatory requirements and RBC's risk appetite
  • Governance Execution: Leading cross-functional teams to ensure adherence to operational risk policies and procedures
  • Regulatory Compliance: Ensuring alignment with banking regulations (OSFI, FINTRAC, etc.) and internal governance standards
  • Incident Management: Coordinating response protocols and remediation strategies for operational risk events
  • Stakeholder Communication: Communicating risk insights and governance updates to senior management and business leaders

WHAT DO YOU NEED TO SUCCEED?

Must haves:

Must Deep Understanding of Regulatory & Compliance Framework

  • Comprehensive knowledge of banking regulations (OSFI, FINTRAC, Basel III, etc.) and ability to translate requirements into actionable governance policies
  • Familiarity with RBC's risk appetite statement and how to operationalize it across the organization

Strong Analytical & Risk Assessment Skills

  • Ability to identify, quantify, and prioritize operational risks across complex business environments
  • Proficiency in risk modeling, scenario analysis, and data-driven decision-making

Cross-Functional Leadership & Stakeholder Management

  • Capability to influence and coordinate across business units, compliance, audit, and executive leadership without direct authority
  • Excellent communication skills to translate complex risk concepts for diverse audiences (board-level to operational teams)

Control Design & Implementation Expertise

  • Experience designing, implementing, and testing internal control frameworks
  • Ability to balance risk mitigation with operational efficiency and business objectives

Change Management & Adaptability

  • Strong project management skills to execute enterprise-wide initiatives on schedule
  • Comfort operating in a dynamic regulatory environment and adjusting governance strategies as risks and regulations evolve
  • Resilience in managing competing priorities and stakeholder expectations

These competencies are critical for effectively managing operational risk governance in a large, regulated financial institution like RBC.

Nice-to-have:

Advanced Technology & Data Analytics Proficiency

  • Experience with risk management platforms, dashboards, and business intelligence tools
  • Familiarity with automation and AI-driven risk monitoring to enhance efficiency and real-time visibility
  • This strengthens the ability to scale governance processes and provide actionable insights at enterprise level

Industry-Specific Experience in Financial Services

  • Background in banking, insurance, or other regulated financial institutions
  • Understanding of RBC's specific business model, products, and inherent risk exposures
  • This accelerates onboarding and builds credibility with internal stakeholders

Certification or Advanced Credentials in Risk Management

  • Professional certifications such as FRM (Financial Risk Manager), CRMP (Certified Risk Management Professional), CRISC or equivalent
  • Advanced education in finance, risk management, or governance disciplines
  • These credentials demonstrate commitment to the field and provide structured frameworks for best practices in operational risk governance

WHAT'S IN IT FOR YOU?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • A world-class training program in financial services
  • Flexible work/life balance options
  • Opportunities to do challenging work

#LI-POST

#TECHPJ

Job Skills

Critical Thinking, Cyber Security Management, Decision Making, Detail-Oriented, Information Security Management, Information Technology Security, Interpersonal Relationship Management, IT Security Architecture, Performance Management (PM)

Additional Job Details

Address:

16 YORK ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

TECHNOLOGY AND OPERATIONS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-06-02

Application Deadline:

2026-08-22

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Employment Type: FULL_TIME

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