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Director Operational Risk Jobs (NOW HIRING)

Upstart

Director of Enterprise Risk Management

OR · Remote

This includes establishing an operational risk program framework and risk assessment schedule ... Direct experience working with OCC, Federal Reserve, or other federal banking regulator examination ...

Truist

Fraud Risk Oversight Director

Charlotte, NC · On-site

... Oversight Director is responsible for the design, development, implementation, and ongoing ... operational risk program(s) to support the identification, monitoring, assessing, managing ...

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$54K

$143.2K

$260K

How much do director operational risk jobs pay per year?

As of May 31, 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 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.

More about Director Operational Risk jobs
What cities are hiring for Director Operational Risk jobs? Cities with the most Director Operational Risk job openings:
What are the most commonly searched types of Operational Risk jobs? The most popular types of Operational Risk jobs are:
What states have the most Director Operational Risk jobs? States with the most job openings for Director Operational Risk jobs include:
What job categories do people searching Director Operational Risk jobs look for? The top searched job categories for Director Operational Risk jobs are:
Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in the United States as of May 2026, with employment types broken down into 95% Full Time, and 5% Part Time. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.
Director, Operational Enablement & Controls

Director, Operational Enablement & Controls

Chatham Financial

Kennett Square, PA • On-site

$155K - $195K/yr

Full-time

Medical, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Job Description:
Overview:
We don't simply hire employees. We invest in them. When you work at Chatham, we empower you - offering professional development opportunities to help you grow in your career, no matter if you've been here for five months or 15 years. Chatham has worked hard to create a distinct work environment that values people, teamwork, integrity, and client service. You will have immediate opportunities to partner with talented subject matter experts, work on complex projects, and contribute to the value Chatham delivers every day.
Overview
Chatham Financial delivers world-class service by combining deep technical expertise with strong operational execution and thoughtful risk management. The Director, Operational Enablement & Controls is a senior operations role designed for a leader with a management consulting background who can drive complex, cross-functional initiatives while applying controls and risk expertise to improve how teams operate.
This role operates across multiple business units concurrently and is typically engaged when teams face operational breakdowns, audit or control-related friction, or when major internal initiatives span organizational boundaries. The Director brings structure to ambiguity, helps teams clarify ownership and processes, and supports the design of effective controls that enable teams to scale while maintaining operational reliability. Ownership of controls remains with the teams; success comes from coaching and enabling durable capability.
What You'll Do:
  • Lead cross-functional operational initiatives aligned to firm objectives, balancing urgency, capacity, and operational risk.
  • Partner with stakeholders to structure initiatives, clarify ownership, and define success measures.
  • Engage teams through short diagnostic assessments and ongoing implementation support, with some efforts evolving into year-long initiatives.
  • Address operational challenges such as unclear ownership, inconsistent processes, and scaling constraints.
  • Guide teams to think about operational effectiveness in terms of outcomes, and to define controls needed to achieve those outcomes.
  • Advise teams on control design and integration, acting as a second line of defense.
  • Support external assurance efforts (e.g., SOC1) by helping teams prepare for audits and resolve issues with minimal operational disruption.
  • Coach teams to build repeatable, scalable operating practices that improve reliability and reduce operational emergencies.

What Success Looks Like
  • Teams have clearer ownership and accountability for operational and client outcomes.
  • More client work flows through teams with fewer operational emergencies and less reactive problem-solving.
  • Staff take greater ownership for client outcomes while working within established products and processes to maintain delivery cohesion across teams.
  • Teams are able to define, implement, and maintain controls as part of normal operations.
  • Cross-functional initiatives are better coordinated, with fewer breakdowns at organizational boundaries.

Required Qualifications
  • 7+ years of experience in management consulting, operations, program management, risk, or a related field.
  • Proven experience leading complex, cross-functional initiatives in ambiguous environments.
  • Experience with controls, operational risk, regulatory, or assurance-related work.
  • Strong problem-solving, facilitation, and stakeholder management skills.
  • Excellent verbal and written communication skills.
  • Data-driven, structured approach to solving unstructured problems.
  • Aptitude and desire to learn about the financial services and derivatives industry.

Preferred Qualifications
  • Client-facing management consulting background.
  • Experience in financial services or regulated environments.
  • Experience supporting SOC1, SOC2, or similar audits.
  • Availability to work in Chatham's Kennett Square or Denver offices.

For Colorado based candidates, the compensation range for the position is expected to be between $155,000 and $195,000 annually. Total compensation, including base pay, discretionary individual bonus and company bonus, may be higher than range listed, depending on applicant's skills, qualifications, and experience. Benefits include health insurance, life and disability insurance, 401k, EAP, paid holidays and paid time off.
About Chatham Financial:
Chatham Financial is the leading independent capital markets advisor, delivering an integrated blend of expert advice and powerful technology to help you reduce risk and seize opportunity. With decades of capital markets strategy, execution, monitoring, and performance expertise, we serve as an unwavering advocate for your best interests and your innovation partner. Our technology platform unifies data across assets, debt, and derivatives, giving you unmatched agility, transparency, and insight.
It's clear ahead.
Our commitment is to carry that light forward in every partnership, every solution, and every market we serve.
We help guide the way-giving clients the insight and momentum to move forward with confidence, no matter what lies ahead.

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