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

Freddie Mac

Fraud Senior Director

Mclean, VA · On-site

... Senior Director and work in conjunction with Single Family (SF) Acquisitions business leaders ... The Single-Family Acquisitions Team is responsible for managing compliance and operational risk for ...

New

UVA Health

Risk Manager

Manassas, VA

The Risk Manager reports directly to the Director, Risk Management and Insurance Operations. Responsibilities and Duties * Provides risk management services to UVA Community Health facilities, team ...

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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 Aug 22, 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 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 Sterling, VA?

The most popular types of Operational Risk jobs in Sterling, VA are:

What are popular job titles related to Director Operational Risk jobs in Sterling, VA?

For Director Operational Risk jobs in Sterling, VA, the most frequently searched job titles 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 Operational Risk jobs near you

Fraud Senior Director

Freddie Mac

Mclean, VA • On-site

Full-time

Posted 3 days ago

New

Freddie Mac rating

9.2

Company rating: 9.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
Are you excited by the chance to create an impact and work in a dynamic flexible environment? Do you have expertise in Financial Crimes prevention and operations? If so, please consider this opportunity and apply to the Fraud and Financial Crimes Compliance Senior Director and work in conjunction with Single Family (SF) Acquisitions business leaders. Apply now and learn why there's #MoreAtFreddieMac!
Our Impact:
The Single-Family Acquisitions Team is responsible for managing compliance and operational risk for the division.
Your Impact:
In this role, you will be responsible for leading the Single-Family Acquisitions division management to effectively manage Fraud and AML risks. Responsibilities include:
  • Set fraud, anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) risk management philosophy and strategy
  • Provide oversight and expert advice to ensure appropriate development and implementation of fraud and money laundering prevention, detection and resolution strategies to minimize risk of catastrophic loss to Freddie Mac
  • Establish or enhance policies, programs, reports and procedures to address relevant internal controls to identify and report suspicious activity, and to conform to FHFA, FinCEN, OFAC and other regulatory laws and directives
  • Oversee measures and systems that minimize losses from fraud and money laundering
  • Receive assignments in the form of objectives and determines how to use resources to meet multiple schedules and goals
  • Recommend changes to policies and establishes procedures that affect immediate organization's operation
  • Develop business objectives for the department
  • Works on issues of diverse scope where analysis of situation or data requires evaluation of a variety of factors, including an understanding of current trends
  • Act as an advisor to subordinates to meet schedules and/or resolve technical and operational problems
  • Act as Executive Business sponsor for Fraud technology initiatives
  • Responsible for establishing and maintaining internal controls over fraud processes and relevant documentation, policies, and procedures
  • Support reporting activities for management committee meetings
  • Provide leadership and guidance to subordinates at the manager and professional levels within the latitude of established company policies
  • Build a high-performing, result oriented team
  • Requires ability to influence others and collaborate effectively across the Enterprise

Qualifications:
  • 15+ years relevant experience, including experience as product owner; +8 management experience
  • Solid understanding and experience with risk management and controls
  • Ability to work with technical development teams
  • Bachelor's degree in related field or equivalent

Keys to Success in this Role:
  • High ethical standards, excellent judgment, sense of personal initiative, ability to interact constructively with colleagues at all levels of the organization.
  • Self-motivated, with the capability of managing multiple priorities and efficient in proposing solutions.
  • Must have strong leadership and strategic planning skills, people management skills and track record of leading teams through significant change.
  • Flexible and adaptable, capable of working effectively in a fluid and evolving business and regulatory environment.
  • Ability to develop strong relationships across the organization to promote a more collaborative environment.
  • Ability and willingness to tackle complex projects and find practical solutions.

Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $218,000 - $328,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

What Freddie Mac employees say

Pay

Hours and flexibility

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About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

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