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Director Operational Risk Jobs (NOW HIRING)

Aquent

Operational Risk/Regulatory Analyst

Westlake, TX · On-site

$45.36 - $50.40/hr

Are you ready to be a pivotal force in shaping robust financial operations and risk frameworks? We ... Minimum of 3-4 years of strong, direct experience in investment oversight. * Proven expertise in ...

Jobtailor

NY · On-site

$90 - $140/hr

Has the ability to operate with a limited level of direct supervision. * Can exercise independence ... Demonstrated understanding of operational risk and gap identification * Ability to prioritize and ...

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Director Operational Risk information

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$54K

$143.2K

$260K

How much do director operational risk jobs pay per year?

As of Aug 20, 2026, the average yearly pay for director operational risk in the United States is $143,185.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,500.00 and $167,500.00 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.

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Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in the United States as of August 2026, with employment types broken down into 89% Full Time, 10% Part Time, and 1% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.

Operational Risk Senior Manager (Hybrid - See Job Description for Listed Locations)

M&T Bank

New York, NY • On-site

Full-time

Posted 13 days ago

M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 186 frontline employees who took The Breakroom Quiz

80th of 171 rated banks

Job description

*** Work Arrangement/Location: This is a hybrid position requiring in-office work four days a week and can be based at Buffalo, NY, Bridgeport, CT, Manhattan, NY, Boston, MA, Pittsburgh, PA, Baltimore, MD or Wilmington, DE.
Overview:
This role provides management and delivery of second line risk management services and oversight in line with Operational Risk program and practices, industry standards, and management expectations. The role includes providing independent and objective insights related to Operational Risk program and practices to guide and influence business risk management in the enhancement and implementation of their risk management practices. This role manages and guides the development of a second-line Operational Risk team providing these services.
The role also includes input to Operational Risk strategy and direction, when requested, and input to Operational Risk program and practice enhancements in support of the Program Office. This role requires execution in a manner that supports collaboration and efficiency amongst its risk partners, as applicable. They report to the Senior Director-Operational Risk Management and exercise independent judgment, discretion, and decision-making. The individual is considered a subject matter expert in the businesses or functions that they oversee; the Operational Risk program and have a solid understanding of other risk pillars. The position requires the establishment of effective relationships and communications with senior and executive level management and other stakeholders.
Primary Responsibilities:
  • Manage all aspects of the second line risk management responsibilities for the designated business/function oversight in line with the Operational Risk Management framework and stakeholder expectations. Provides oversight and critical challenge and reporting of the identification, assessment, monitoring, mitigation and reporting of all significant risks throughout the business/function.
  • Challenge unmitigated risks in accordance with risk framework and assess adequacy and timeliness of remediation. Escalate identified gaps to risk governance committees and executive management, as necessary.
  • Manage or execute the completion of appropriately detailed reports/presentations for/to senior level audiences relating to and providing opinions on, the state of and/or concerns with the operational risk environment of the business function. Utilize subject matter expertise to determine inclusion of risk events in levels of reporting to external stakeholders to include other risk areas such as Regulatory Reporting and/or executive and senior management.
  • Interact regularly with senior, middle and line management in related business/functions, as well as with external peers and members of professional organizations to remain aware of changing or emerging risks and proactively bring this information in continuous monitoring and/or other oversight activities performed by the team.
  • Lead and/or participate actively in various risk committees, deliver effective governance and assess the Bank's adherence to its risk appetite.
  • Effectively communicate with all stakeholders in the Bank including senior and executive management with respect to risk related matters, using insights and materials appropriate to the audience
  • Actively participate and respond timely to related regulatory inquiries and examinations. Deliver effective completion of any remediation actions resulting from these activities. Represent the second line at regulator and/or Internal Audit discussions/examinations.
  • Implement departmental procedures within your team and provide guidance as needed
  • Meet training requirements assigned by the Bank, Division and Department through self-management of appropriate, applicable, cost-effective training opportunities. Proactively pursue knowledge of new bank and industry initiatives. Limited travel may be required for seminars and conferences.
  • Provide guidance and direction to team members on the Operational Risk program execution and on their formal objectives and personal development. Provide performance feedback, in line with the Bank's documented approach.

Supervisory/ Managerial Responsibilities:
Oversee a team of individuals within the operational risk discipline.
Education and Experience Required:
Bachelor's degree and ten years' experience in compliance, legal, audit, risk or other relevant function,
OR in lieu of degree,
A combined minimum fourteen years' higher education and/or work experience including ten years' experience in compliance, legal, audit, risk or other relevant function.
Minimum of five years' managerial or supervisory experience.
Demonstrated leadership capabilities.
Proficient computer skills (including spreadsheet and word processing software), analytical skills, working knowledge of applicable laws, written and verbal communications w/ all levels.
Preferred Experience and Qualifications:
Second line Operational Risk experience with a Cat 3 or larger financial institution
Risk oversight or direct experience in core bank support functions, including but not limited to: Premises, Corporate Security, Procurement and Vendor Management, Communications, Legal, Human Resources
Information Systems Risk Assessment and Governance
Certified Third Party Risk Professional (CTPRP)
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $180,900.00 - $301,500.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
New York, New York, United States of America

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