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Director Operational Risk Jobs in Long Beach, CA

Newegg

Director, Risk Management

Diamond Bar, CA · On-site

Partner closely with Legal, HR, IT, Finance, and Operations leadership to guide risk-related ... Direct the creation and maintenance of Business Continuity Plans (BCP) and Emergency Response Plans.

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Director Operational Risk information

See Long Beach, CA salary details

$56.8K

$150.6K

$273.4K

How much do director operational risk jobs pay per year?

As of Aug 9, 2026, the average yearly pay for director operational risk in Long Beach, CA is $150,555.00, according to ZipRecruiter salary data. Most workers in this role earn between $110,900.00 and $176,100.00 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 Long Beach, CA? The most popular types of Operational Risk jobs in Long Beach, CA are:
What are popular job titles related to Director Operational Risk jobs in Long Beach, CA? For Director Operational Risk jobs in Long Beach, CA, the most frequently searched job titles are:
What job categories do people searching Director Operational Risk jobs in Long Beach, CA look for? The top searched job categories for Director Operational Risk jobs in Long Beach, CA are:
What cities near Long Beach, CA are hiring for Director Operational Risk jobs? Cities near Long Beach, CA with the most Director Operational Risk job openings:
Director Operational Risk jobs near you

VP, Operational Risk Business Partner - Risk Management

Cathay Bank

El Monte, CA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 3 days ago

Job description

People Drive Our Success
Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset, and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.
Apply today!
What our team members are saying:
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Learn more about us at cathaybank.com
GENERAL SUMMARY
The Operational Risk Business Partner (ORBP) is part of our Second Line of Defense (2LOD) Operational Risk Management (ORM) function. ORBP will serve as a pivotal partner to front-line risk managers and business units in designing, executing, and maturing the bank's Risk and Control Self-Assessment (RCSA) program. ORBP will provide expert challenge, guidance, and subject-matter expertise to ensure robust risk identification, assessment, monitoring, and reporting. ORBP will collaborate with second-line SMEs to translate risk insights into actionable improvements, contribute to the development of key risk indicators (KRIs), and drive risk culture and training across divisions. This is an individual contributor role focused on delivering results through advice, governance, and expert guidance rather than direct team management.
ESSENTIAL FUNCTIONS
  • Lead and coordinate the annual end to end and ongoing RCSA process with front-line risk managers across business units.
  • Provide independent oversight of operational risk management activities performed by the First Line of Defense.
  • Provide strong, constructive challenge to ensure comprehensive risk and control identification, assessment, and documentation. Validate risk ratings, control effectiveness, residual risk levels, and action plans; ensure consistency with policy standards and escalation thresholds. Review and approve risk and control narratives, risk taxonomy alignment, and control owner accountability.
  • Act as a trusted advisor to business unit risk champions and process owners, offering expert guidance on risk controls, control design, and risk acceptance criteria. Facilitate risk workshops, interviews, and scenario analysis to surface emerging risks and ensure timely remediation. Facilitate constructive dialogue between 1LOD and risk governance functions.
  • Lead the development, validation, and enhancement of the bank's Key Risk Indicators (KRIs) in partnership with owners and SMEs. Monitor KRI performance, perform trend analysis, and recommend risk-reduction actions or escalation when indicators breach thresholds. Integrate KRI results into governance forums and reporting to senior management and risk committees.
  • Design and deliver risk training programs, workshops, and communications to enhance risk awareness and control practices across divisions. Develop practical guidance, playbooks, and toolkits to standardize risk assessment methodologies and control testing approaches.
  • Collaborate with second-line SMEs (e.g., IT, cyber, information security, business continuity, model risk, compliance) to incorporate their assessments into the RCSA and KRIs. Translate SME findings into actionable risk actions, monitoring plans, and escalation paths.
  • Support the development and maintenance of risk libraries, control dictionaries, and standard risk assessment criteria.
  • Prepare and present risk and control status, themes, and remediation progress to risk committees, governance forums, and senior leadership.
  • Maintain issue and remediation tracking, ensuring timely closure and evidence of control improvements by conducting validation of all remediation plans by 1LOD.
  • Contribute to policy interpretation, standards, and procedures related to operational risk and RCSA practices.
  • Maintain high-quality RCSA documentation, control catalogs, and risk registers in the risk management systems.
  • Support New Product and services launch risk assessments.
  • Perform data-driven analyses to identify patterns, gaps, and opportunities for risk reduction.
  • Identify opportunities to enhance RCSA efficiency, consistency, and effectiveness through process improvements, automation, and technology solutions.
  • Participate in GRC system enhancement projects and user acceptance testing for risks systems.
  • Promote a strong risk culture by driving accountability, constructive challenge, and timely escalation of issues.
  • Stay current on regulatory expectations, industry.

QUALIFICATIONS
Education:
  • Bachelor's degree in Finance, Risk Management, Business Administration, or related discipline (Master's preferred)

Experience:
  • Minimum 5-7 years of experience in operational risk, RCSA, incident and issue management, internal controls, or audit within financial services or a similarly regulated industry.
  • Demonstrated ability to challenge front-line risk managers and influence risk-based decision making without direct line authority.
  • Prior experience as a second-line risk professional or risk partner with cross-functional collaboration across IT, cyber, information security, business continuity, compliance, and operations.
  • Deep understanding of first line processes and risk/control activities.

Skills/Ability:
  • Understanding of operational risk management principles, frameworks, and methodologies within the financial services industry. This includes knowledge of regulatory requirements (such as Basel III) and industry's best practices.
  • Knowledge of operational risk frameworks (e.g., Basel, ORMF), internal control standards, and incident management tools.
  • Strong analytical and problem-solving skills; ability to interpret data and identify trends.
  • Strong analytical thinking and attention to detail.
  • Excellent communication and stakeholder management abilities.
  • Ability to synthetize complex information into clear, actionable insights.
  • Attention to detail and a proactive mindset, ability to work under tight deadlines.
  • Collaborative mindset with a proactive attitude towards problem-solving.

OTHER DETAILS
$110K - $133K / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.
Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
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This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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