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Director Operational Risk Jobs in Chicago, IL (NOW HIRING)

Functional understanding of compliance and operational risk management to ensure Domain Leaders are ... direct reporting lines. * Excellent writing and verbal communication skills, with the ability to ...

Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ... direct exposure to senior leadership, and the ability to influence both day-to-day trading ...

Risk Manager

Deerfield, IL · On-site

$100 - $125/hr

Reporting jointly to the Controller and Director of Safety, this role serves as a strategic partner to Finance, Safety, Operations, and Executive Leadership to reduce total cost of risk, strengthen ...

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ... direct exposure to senior leadership, and the ability to influence both day-to-day trading ...

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

Our team has a broad mandate across market, credit, capital, and operational risk. Rather than ... direct exposure to senior leadership, and the ability to influence both day-to-day trading ...

The Director serves as a trusted advisor to executive leadership, operations, and project teams, ensuring the Company's risk profile is proactively managed, financially optimized, and aligned with ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

The Director serves as a trusted advisor to executive leadership, operations, and project teams, ensuring the Company's risk profile is proactively managed, financially optimized, and aligned with ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

The Director serves as a trusted advisor to executive leadership, operations, and project teams, ensuring the Company's risk profile is proactively managed, financially optimized, and aligned with ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

The Director serves as a trusted advisor to executive leadership, operations, and project teams, ensuring the Company's risk profile is proactively managed, financially optimized, and aligned with ...

Showing results 21-40

Director Operational Risk information

See Chicago, IL salary details

$55.6K

$147.5K

$267.8K

How much do director operational risk jobs pay per year?

As of Sep 10, 2026, the average yearly pay for director operational risk in Chicago, IL is $147,501.00, according to ZipRecruiter salary data. Most workers in this role earn between $108,700.00 and $172,500.00 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 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 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 most commonly searched types of Operational Risk jobs in Chicago, IL?

The most popular types of Operational Risk jobs in Chicago, IL are:

What job categories do people searching Director Operational Risk jobs in Chicago, IL look for?

The top searched job categories for Director Operational Risk jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Director Operational Risk jobs?

Cities near Chicago, IL with the most Director Operational Risk job openings:

Infographic showing various Director Operational Risk job openings in Chicago, IL as of September 2026, with employment types broken down into 1% Internship, 89% Full Time, 9% Part Time, and 1% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $147,501 per year, or $70.9 per hour.

Risk Operations Program Manager

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago


Job description

About Team / Role

As a Global Risk Operations Program Manager, you will be the strategic engine behind an organization managing over $100B in annual payments (inbound and outbound) and safeguarding over $10B in client and consumer assets. You won't just track projects; you will provide strategic oversight and drive critical initiatives across financial operations domains such as Collections, Billing, and Treasury Operations that directly protect WEX's bottom line and transform the customer experience. This is a high-visibility role where your ability to navigate a complex global financial ecosystem ensures operational integrity and fuels our next phase of growth.

How You'll Make an Impact

STRATEGIC PLANNING & INITIATIVE IDENTIFICATION

  • Pipeline Development: Partner with Risk Operations Leadership to identify and document critical initiatives required to deliver operational risk targets and achieve customer experience goals.

  • LOB Alignment: Maintain a deep understanding of Global Risk Operations across Mobility, CPS/Travel, and Benefits LOBs to ensure initiatives align with unique regulatory, financial integrity, and operational needs.

PROGRAM EXECUTION & PROJECT LEADERSHIP

  • Capital & Tech Liaison: Serve as the primary Global Risk Operations oversight lead for Capital Funded Initiatives and Product/Technology roadmaps, ensuring operational requirements are prioritized and tracked across the enterprise.

  • Cross-Functional Governance: Provide rigorous oversight of the project portfolio, acting as the bridge between technical teams and Risk Operations to ensure product releases align with the organization's capital funding objectives.

  • Executive Visibility: Manage and report on a wide variety of projects with varying complexity, providing leadership with a high-level view of progress, roadblocks, and financial impacts to eliminate the need for leadership attendance at every project-level meeting.

  • Risk Mitigation Oversight: Maintain constant visibility into issues and risks across the portfolio, driving teams toward closure and escalating only the most critical items to senior leadership for intervention.

STAKEHOLDER MANAGEMENT & COMMUNICATION

  • Facilitation: Conduct effective facilitation sessions with multiple stakeholders to move complex projects forward and reach consensus.

  • Visual Artifacts: Translate complex workflows and technical specifications into visual artifacts using standard tools to ensure cross-functional understanding.

  • Cross-Functional Partnership: Build strong relationships and facilitate alignment across senior management, sales, account management, legal, audit, and risk departments.

These statements are intended to describe the general nature and level of work being performed rather than give an exhaustive list of all duties and responsibilities.

Experience You'll Bring

Minimum Qualifications for Consideration:

  • Bachelor's degree OR an equivalent combination of education and relevant experience.

  • 7-10 years of experience managing a portfolio of interrelated initiatives (programs) within a financial risk operations environment, with a proven ability to align multiple projects to achieve overarching operational risk targets.

  • Demonstrated ability to deconflict resources and timelines across multiple workstreams to ensure consistent delivery of high-scale financial initiatives.

  • Proficiency in project management and visualization software (e.g., LucidChart, Draw.io) to translate complex workflows into visual artifacts.

  • Functional understanding of compliance and operational risk management to ensure Domain Leaders are engaged for the validation of SOX, SOC, and regulatory control integrity.

  • Strong analytical skills with the ability to research, analyze, and present complex findings to drive decision-making.

  • Must successfully pass a background investigation.

Competencies:

  • 2+ years of experience building consensus and driving results through cross-functional partners rather than direct reporting lines.

  • Excellent writing and verbal communication skills, with the ability to facilitate alignment and consensus among senior management, legal, and audit departments.

  • Ability to work effectively in a high-pressure, fast-paced environment while managing multiple shifting priorities.

  • A dynamic self-starter who can work independently to drive projects to closure while also functioning as a collaborative team member.

  • Ability to develop and maintain strong relationships with global leadership and functional SMEs to ensure project success.

  • High degree of attention to detail, specifically in documenting initiatives and measuring them against defined financial and operational metrics.

Preferred Qualifications:

  • Experience managing projects within Collections, Payment Operations, or other Risk Operations domain.

  • Experience with international financial regulations.

  • Strong analytical skills including ability to research, analyze and present findings

  • Demonstrated organizational skills, attention to detail and multitasking skills

  • Must be dynamic and a self-starter, able to work independently or as part of a team

  • Ability to work in a high-pressure environment

  • Experience in compliance or operational risk management.

The base pay range represents the anticipated low and high end of the pay range for this position. Actual pay rates will vary and will be based on various factors, such as your qualifications, skills, competencies, and proficiency for the role. Base pay is one component of WEX's total compensation package. Most sales positions are eligible for commission under the terms of an applicable plan. Non-sales roles are typically eligible for a quarterly or annual bonus based on their role and applicable plan. WEX's comprehensive and market competitive benefits are designed to support your personal and professional well-being. Benefits include health, dental and vision insurances, retirement savings plan, paid time off, health savings account, flexible spending accounts, life insurance, disability insurance, tuition reimbursement, and more. For more information, check out the "About Us" section.Pay Range: $110,400.00 - $132,800.00