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Director Operational Risk Jobs in Milwaukee, WI (NOW HIRING)

ELMBROOK CHURCH

Facilities Director

Brookfield, WI · On-site

The Facilities Director is responsible for the operation of church facilities and equipment ... Work with the Finance Director to help manage property and liability insurance procurement, risk ...

North Point Senior Living

Clinical Director (RN)

Kenosha, WI · On-site

$78K - $106K/yr

Risk management and healthcare operations * Family communication and customer service excellence This role offers a defined pathway to a future Clinical Director position for the right candidate who ...

Pinnacle Senior Living

Clinical Director (RN)

Racine, WI

$75K - $102K/yr

Risk management and healthcare operations * Family communication and customer service excellence This role offers a defined pathway to a future Clinical Director position for the right candidate who ...

Pinnacle Senior Living

Clinical Director (RN)

Racine, WI · On-site

$75K - $102K/yr

Risk management and healthcare operations * Family communication and customer service excellence This role offers a defined pathway to a future Clinical Director position for the right candidate who ...

Kenosha Senior Living

Clinical Director (RN)

Kenosha, WI · On-site

$78K - $106K/yr

Risk management and healthcare operations * Family communication and customer service excellence This role offers a defined pathway to a future Clinical Director position for the right candidate who ...

North Point Senior Living

Clinical Director (RN)

Racine, WI · On-site

$75K - $102K/yr

Risk management and healthcare operations * Family communication and customer service excellence This role offers a defined pathway to a future Clinical Director position for the right candidate who ...

Pinnacle Senior Living

Clinical Director (RN)

Kenosha, WI · On-site

$78K - $106K/yr

Risk management and healthcare operations * Family communication and customer service excellence This role offers a defined pathway to a future Clinical Director position for the right candidate who ...

Kenosha Senior Living

Clinical Director (RN)

Racine, WI · On-site

$75K - $102K/yr

Risk management and healthcare operations * Family communication and customer service excellence This role offers a defined pathway to a future Clinical Director position for the right candidate who ...

Kenosha Senior Living

Clinical Director (RN)

Racine, WI · On-site

$75K - $102K/yr

Risk management and healthcare operations * Family communication and customer service excellence This role offers a defined pathway to a future Clinical Director position for the right candidate who ...

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All JobsOperational Risk JobsDirector Operational Risk JobsDirector Operational Risk Jobs in Milwaukee, WI

Director Operational Risk information

See Milwaukee, WI salary details

$53.2K

$141.1K

$256.2K

How much do director operational risk jobs pay per year?

As of Sep 10, 2026, the average yearly pay for director operational risk in Milwaukee, WI is $141,071.00, according to ZipRecruiter salary data. Most workers in this role earn between $103,900.00 and $165,000.00 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 Milwaukee, WI?

The most popular types of Operational Risk jobs in Milwaukee, WI are:

What are popular job titles related to Director Operational Risk jobs in Milwaukee, WI?

For Director Operational Risk jobs in Milwaukee, WI, the most frequently searched job titles are:

What job categories do people searching Director Operational Risk jobs in Milwaukee, WI look for?

The top searched job categories for Director Operational Risk jobs in Milwaukee, WI are:

Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in Milwaukee, WI as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $141,071 per year, or $67.8 per hour.

Director of Fraud Operations

Milwaukee, WI • On-site

Associatedbank
See more jobs at Associatedbankexternal

Full-time

Retirement, PTO

Posted yesterday

New

Job description

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.

Lead Associated Bank's enterprise fraud prevention and detection strategy, helping protect our customers, colleagues, and the bank from evolving fraud threats. This role oversees fraud monitoring, controls, tool optimization, and loss prevention while partnering across the organization to strengthen risk management and customer experience. You'll have the opportunity to shape strategy, lead a high-performing team, and drive meaningful impact across the bank.

Key Accountabilities

  • Lead the bank's fraud prevention and detection program, including monitoring, decisioning, and fraud loss mitigation strategies.

  • Develop and execute the fraud program roadmap, governance framework, policies, and operating practices.

  • Analyze fraud trends, risks, and regulatory expectations to strengthen controls and reduce losses.

  • Optimize fraud tools, rules, and detection strategies to improve effectiveness and reduce false positives.

  • Partner with business, operations, disputes, and financial crimes teams to drive a coordinated fraud risk approach.

  • Influence enterprise initiatives by ensuring fraud risks and controls are considered throughout design and implementation.

  • Monitor key performance indicators, loss metrics, risk assessments, and program effectiveness to support informed decision-making.

  • Build and develop a high-performing team through coaching, succession planning, and talent development.

Education & Experience

Required

  • Bachelor's degree in Risk, Compliance, Audit, or a related field, or equivalent experience

  • 10+ years of experience in fraud risk management, financial crimes investigations, or related risk/compliance functions within financial services

  • 5+ years of leadership experience managing teams or providing oversight in fraud, investigations, or risk functions

  • Strong knowledge of fraud prevention, detection, monitoring, and control frameworks

Preferred

  • Master's degree

  • CAMS, CFE, or other financial crimes-related certification

  • Experience leading fraud strategy, tool optimization, and enterprise-wide fraud initiatives

  • Strong understanding of regulatory expectations and industry best practices

Why You'll Love Working Here

At Associated Bank, you'll join a collaborative organization that values innovation, integrity, and continuous growth. We invest in our colleagues through leadership development, career mobility, and opportunities to make a measurable impact on the communities and customers we serve. Apply today to make an impact.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

  • Retirement savings including both 401(k) and Pension plans.

  • Paid time off to volunteer in your community.

  • Opportunities to connect with others through our diversity-focusedColleague Resource Groups.

  • Competitive salaries with professional development and advancement opportunities.

  • Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.

  • Personal banking, loan, investmentand insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebook,LinkedInandX.

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank's anonymous Ethics Hotline.

Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.

Associated Bank isPay Transparencycompliant.


The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.


For certain positions, total compensation may also include incentive, commission, or bonus opportunities not reflected in the posted base pay range.


$150,920.00 - $258,720.00 per year

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