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Director Operational Risk Jobs in Sterling, VA (NOW HIRING)

Director, Risk Management Come be a part of an organization that's dedicated to helping Capital One ... Implement and govern the Operational Resilience Framework across Capital One, including driving ...

Director, Risk Management Come be a part of an organization that's dedicated to helping Capital One ... Implement and govern the Operational Resilience Framework across Capital One, including driving ...

What You'll Contribute The Senior Director, Model Risk will be responsible for leading and managing ... risk, operational risk, and other areas that rely on models for decision-making. What You'll Do

Position Summary The Director of Risk Management serves as the operational leader for the organization's risk management and patient safety programs, supporting the Quality and Compliance department ...

You will be responsible for maintaining direct relationships with policy stakeholders to advise on ... Collaborate effectively with senior leadership across organizations such as Operational Risk ...

... operations, risk, money movement and digital consulting, with decades of experience in the payments ... industry. Our VCA teams offers: * Consulting services customized to the needs of Visa client ...

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Director Operational Risk information

See Sterling, VA salary details

$53.5K

$141.8K

$257.5K

How much do director operational risk jobs pay per year?

As of Jul 26, 2026, the average yearly pay for director operational risk in Sterling, VA is $141,803.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,500.00 and $165,900.00 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 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 Sterling, VA? The most popular types of Operational Risk jobs in Sterling, VA are:
What job categories do people searching Director Operational Risk jobs in Sterling, VA look for? The top searched job categories for Director Operational Risk jobs in Sterling, VA are:
What cities near Sterling, VA are hiring for Director Operational Risk jobs? Cities near Sterling, VA with the most Director Operational Risk job openings:
Director, Sourcing and Operational Risk Management

Director, Sourcing and Operational Risk Management

Electric Power Research Institute, Inc.

Washington, DC • On-site

$175K - $210K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 23 days ago


Job description

Job Title:Director, Sourcing and Operational Risk ManagementLocation:Charlotte, NC, Dallas, TX, Knoxville, TN, Palo Alto, CA, Washington, D.C.Job Summary and Description:

The Director of Sourcing & Operational Risk Management reports to the Sr. Vice President of Finance and Chief Financial Officer providing strategic direction and oversight for global sourcing and procurement efforts to efficiently and effectively enable EPRI's spend managers (business units and Sectors) to maximize the value they receive from suppliers and vendors.  The Director works with Senior Management in developing and managing strategic sourcing plans across EPRI to ensure high service quality and leverage buying power to achieve cost efficiencies.   The Director also leads the Institute's insurance program, Environmental Health & Safety program and coordinates business continuity activities.

Duties and Responsibilities

  • Establishes and implements short- and long-range procurement organizational goals, objectives, strategic plans, policies, and operational procedures; monitors and evaluates programmatic and operational effectiveness, and effects changes required for improvement.
  • Oversees the development and implementation of category management strategy including RFP planning, vendor assessment and due diligence, negotiation of best 'total cost of ownership', supplier diversity, and vendor compliance monitoring.
  • Implements a rigorous and disciplined process for managing suppliers including leading periodic business reviews, monitoring and managing supplier performance, managing supplier relationships, developing and utilizing vendor score cards, performing root cause analysis and resolution, and developing and monitoring supplier improvement plans.
  • Identifies, quantifies and reports out on the realization of cost-saving and cost-reduction opportunities.
  • Provides business oversight to the procure-to-pay and sourcing contract lifecycle management processes in SAP.
  • Directs the Institute's Environmental Health and Safety program and staff
  • Oversees organizational compliance with local, state and federal EH&S regulations
  • Leads and ensures enforcement of safety regulations and codes in all EPRI facilities.
  • Measures and evaluates effectiveness of safety programs, using established goals and safety metrics.
  • Coordinates the Institute's Business Continuity Program
  • Builds the skills and competencies of staff by creating talent roadmaps to ensure that the right resources are available or are being developed. 
  • Participates on the Corporate Social Responsibility team and leads the Procurement team in the area of sustainable and socially responsible procurement strategies.
  • Manages the Institute's corporate insurance program.  Works with external broker to procure appropriate coverage and manage claims.

Education

Bachelor's degree in business, supply chain management, economics, finance, or a related area; Master's degree preferred.   A Certified Purchasing Manager (CPM) or Certified Professional in Supply Management (CPSM) would be a plus.

Knowledge and Skills

  • Demonstrated strong decision-making with bias for taking action and getting results.
  • Ability to analyze, identify and implement opportunities and initiatives for improvements that have measurable dollar impact each year.
  • Strong leadership skills, including demonstrated ability to lead change initiatives and cross-functional, multi-site initiatives.
  • Leadership of cross-functional teams for Procurement business initiatives
  • In-depth knowledge of the RFP process including developing a successful RFP, analyzing proposals, selecting the winning bid, and implementing a new vendor.
  • Solid operational management and general business savvy
  • Excellent written and verbal communication skills
  • Ability to articulate the procurement function's value and to run procurement as a service business
  • Strong negotiation skills for commercial contracts.
  • Knowledge of contract law and strong understanding of standard contractual terms and conditions to mitigate legal risk.
  • Strategic mindset and problem-solving skills.
  • Knowledge of enterprise risk management and business continuity planning.
  • Proficiency in Environmental Health and Safety regulations
  • Knowledge of insurance products and insurance program management
  • In-depth knowledge of subject matter principles and best practices, and the ability to stay current with industry developments.

Experience:   10 - 15 years of senior management experience in the Procurement/Sourcing function

The salary range for this position is $175,000 USD to $210,000 USD annually.This salary range is an estimate, and the actual salary may vary based on various factors, including without limitation applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location.This role is eligible to participate in EPRI's annual incentive program. The amount of incentive varies and is subject to the terms and conditions of the plan.This role is eligible to participate in EPRI's standard employee benefit programs, which currently include the following: medical, dental, vision, 401k, STD/LTD and paid family leave, life and accident insurance, paid time off (flexible vacation, sick leave, and holiday pay).EPRI participates in E-Verify, an online system operated jointly by the Department of Homeland Security and the Social Security Administration (SSA). EPRI uses the system to check the work status of new hires by comparing information from the employee's I-9 form against SSA and Department of Homeland Security databases.EPRI is an equal opportunity employer. EEO/AA/M/F/VETS/DisabledTogether . . . Shaping the Future of Energy.www.epri.com