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Director Operational Risk Jobs in Wheaton, IL (NOW HIRING)

Alliant

Director Marketing Operations

Chicago, IL · On-site

$149.70K - $256.70K/yr

Oversee marketing org operational risk-mitigation practices, ensuring all marketing activities meet regulatory, legal, and internal audit requirements * Be accountable for ensuring adherence to ...

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Director Operational Risk information

See Wheaton, IL salary details

$52.2K

$138.4K

$251.3K

How much do director operational risk jobs pay per year?

As of Jun 1, 2026, the average yearly pay for director operational risk in Wheaton, IL is $138,389.00, according to ZipRecruiter salary data. Most workers in this role earn between $102,000.00 and $161,900.00 per year, depending on experience, location, and employer.

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.

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 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.

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 job categories do people searching Director Operational Risk jobs in Wheaton, IL look for? The top searched job categories for Director Operational Risk jobs in Wheaton, IL are:
What cities near Wheaton, IL are hiring for Director Operational Risk jobs? Cities near Wheaton, IL with the most Director Operational Risk job openings:
Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in Wheaton, IL as of May 2026, with employment types broken down into 1% As Needed, 89% Full Time, 7% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 86% Physical, 4% Hybrid, and 10% Remote job distribution, with an average salary of $138,389 per year, or $66.5 per hour.
Director, Strategy & Execution - ETF & Index Investments

Director, Strategy & Execution - ETF & Index Investments

Invesco

Downers Grove, IL • On-site

Full-time

Medical, Vision, Retirement, PTO

Posted 9 days ago

Job description

About Invesco
As one of the world's leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.
What's in it for you?
Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
  • Flexible paid time off
  • Hybrid work schedule
  • 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
  • Health & wellbeing benefits
  • Parental Leave benefits
  • Employee stock purchase plan

Job Description
The Role:
The Director, Strategy & Execution is the senior executive responsible for turning global ETF strategy into disciplined, scalable execution across regions, platforms, and functions. The role serves as the integrator and operator-in-chief for the ETF & Index business-aligning a long-term vision to commercial priorities, operating models, technology, governance, KPIs, benefits realization and continuous improvement with right talent to support growth, resilience, and long-term competitiveness. This leader operates at the intersection of strategy, investment capabilities, people, and platform acting as the connective tissue across Investments, Product, Distribution, Technology, Operations, Risk, and Enterprise Architecture globally. This role is central to ensuring that Invesco's ETF growth ambition is matched by execution capability-reducing friction, lowering operational risk, and enabling leadership teams to focus on value creation rather than complexity management.
Responsibilities of the Role:
  • Translate global ETF strategy into executable operating plans across regions and functions.
  • Connect and lead a high-performing global ETF operating organization with clear role clarity, accountability, project and resource planning.
  • Enable commercial execution by ensuring operational and primary market readiness for:
    • Product launches, conversions, strategy and index transitions
    • Market and regional expansion
    • Internal and external partnership alignment to drive results.
  • Drive operating and commercial rhythm for key external partnerships, including index providers, support vendors, exchanges, custodians, and service providers.
  • Represent the ETF business in commercial and enterprise forums focused on strategy, risk, and scalability.
  • Own and continuously evolve the global ETF operating model, including:
    • Clear decision rights and accountability
    • Scalable, standardized processes
    • End-to-end ownership from ideation through lifecycle management
  • Drive alignment between ETF business priorities and enterprise architecture to ensure platform support, growth, scale, and regulatory requirements.
  • Lead delivery of critical ETF platform capabilities spanning trading, portfolio management, capital markets, data, onboarding, and launch readiness inclusive of performance and market quality monitoring of key teams and providers.
  • Create governance framework and cadence to establish co-actioning on issues, decisions and project logs and translate constraints into actions across product and distribution partnerships.
  • Own the ETF execution risk & control framework through engagement with investment support, risk, compliance, audit, ETF operations, and fund administration touchpoints.
  • Lead incident response and playbooks for material operational events.

Requirements of the Role:
  • College graduate in related field, or related work experience
  • 10+ years relevant work experience in technical and leadership roles
  • MBA and/or CFA/CIMA preferred
  • Senior leadership experience in ETFs, asset management, or complex regulated financial services
  • Track record of leading global strategy execution in both commercial and operational growth
  • Experience partnering closely with Technology and Enterprise Architecture teams
  • Strong understanding of ETF operating lifecycles, from product development through ongoing management and end client.
  • Experience operating in global, multi-region environments
  • Highly execution-oriented leader with strong strategic judgment
  • Proven change leader and communicator who aligns complex, matrixed organizations
  • Commercially aware and operationally rigorous
  • Strong influencer without reliance on direct authority
  • Deep understanding of how technology, operating models, and people enable commercial outcomes
  • Adept at incident triage, cross-functional coordination and risk management.
  • Calm under complexity; decisive under pressure
  • Trusted partner to senior leadership, Boards, and regulators
  • Builder of clarity, accountability, and momentum
  • Direct experience with investment ETF platforms, capital markets, or quantitative/index-based investing preferred
  • Leadership of large-scale technology, data, or infrastructure programs preferred
  • Comfort working across Investments, Distribution, and Technology organizations preferred
  • Familiarity with global ETF regulatory and market structures preferred

The total compensation offered for this position, which includes salary and incentive pay, will vary based on skills, experience and location. The salary range for this position in Downers Grove is $180,000 to $250,000 annually.
Full Time / Part Time
Full time
Worker Type
Employee
Job Exempt (Yes / No)
Yes
Workplace Model
Pursuant to Invesco's Workplace Policy, employees are expected to comply with the firm's most current workplace model, which as of October 1, 2025, includes spending at least four full days each week working in an Invesco office. This reflects our belief that spending time together in the office helps us build stronger relationships, collaborate more easily, and support each other's growth and development.
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.

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