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Director Operational Risk Jobs in Garwood, NJ (NOW HIRING)

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Director Operational Risk information

See Garwood, NJ salary details

$54.8K

$145.2K

$263.7K

How much do director operational risk jobs pay per year?

As of Sep 14, 2026, the average yearly pay for director operational risk in Garwood, NJ is $145,226.00, according to ZipRecruiter salary data. Most workers in this role earn between $107,000.00 and $169,900.00 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 cities near Garwood, NJ are hiring for Director Operational Risk jobs?

Cities near Garwood, NJ with the most Director Operational Risk job openings:

Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in Garwood, NJ as of August 2026, with employment types broken down into 87% Full Time, 10% Part Time, 1% Temporary, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $145,226 per year, or $69.8 per hour.

Director, Operational Risk Coverage (Fund & Investor Solutions)

Manhattan, NY

BNY
10K+ employees
Learn more about BNYexternal

$130K - $211K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 17 days ago

Job description

We're seeking a future team member for the role of Director, Operational Risk Coverage (Fund & Investor Solutions) to join our Operational Risk team. This role is located in New York City. 

In this role, you'll make an impact in the following ways: 

  • Define and execute the global operational risk management framework across the FIS Platform.
  • Lead the identification, assessment, monitoring, and mitigation of key operations risks in the FIS Platform and the dependent platforms that support the FIS products.
  • Ensure resilience and control effectiveness in large scale global platforms and products
  • Engage with product and technology teams to ensure safe and scalable innovation and appropriate protocols to mitigate execution risk.
  • Provide effective risk management challenge and oversight of change initiatives, including new or modified products, process changes and client onboarding, ensuring risks are identified, assessed, and mitigated effectively. Consider the impact to FIS products as the result of market and industry changes
  • Anticipate emerging risks (geopolitical, macroeconomic, regulatory, technology) and advise leadership on strategic response.
  • Drive alignment between global standards and local operational requirements.
  • Partner with Platform leadership to embed a strong risk culture, identify risk areas, concerns, patterns & trends and drive adherence to the policies, regulations, and industry standards. Support ongoing education of stakeholders through tailored training risk related matters.
  • Communicate risk insights effectively to senior leadership and stakeholders to support informed risk-taking and integration of risk management into decision-making and business processes.
  • Drive continuous improvement initiatives to simplify risk processes and leverage technology for enhanced risk oversight.
  • Oversee and review risk incidents and ensure remediation efforts are appropriate to minimize impact and prevent recurrence.
  • Prepare concise executive-level presentations and reports for governance and regulatory engagements.

To be successful in this role, we're seeking the following:

  • 10-12 years prior work experience in a global, financial or professional services firm; fund services experience in first or second line of defense is essential.
  • Strong working knowledge of global regulatory environment and risk frameworks.
  • Exceptional interpersonal skills with ability to influence a diverse set of stakeholders at all levels.
  • Excellent technical and strategic risk skills including analytical, critical thinking and data analytics.
  • Exceptional written and verbal communication skills to interact with colleagues and present to internal and external stakeholders.
  • Ability to learn, assimilate new information quickly and adjust to a changing environment. 
  • Bachelor's degree with a focus in business, finance, or related discipline and relevant industry qualifications are an advantage.


BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $130,000 and $211,500 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs. 
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn

 Here's a few of our recent awards:

  • America's Most Innovative Companies, Fortune, 2025
  • World's Most Admired Companies, Fortune 2025
  • "Most Just Companies", Just Capital and CNBC, 2025

    Our Benefits and Rewards:

    BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

    BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

    BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. 

    Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

    If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

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