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Head Of Operational Risk Management Jobs in New York

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$59.1K

$156.6K

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How much do head of operational risk management jobs pay per year?

As of Sep 1, 2026, the average yearly pay for head of operational risk management in New York is $156,649.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,400.00 and $183,200.00 per year, depending on experience, location, and employer.

What does a head of operational risk management do?

A Head of Operational Risk Management oversees the identification, assessment, and mitigation of operational risks within an organization. They develop risk management strategies, implement policies, and ensure compliance with regulatory requirements. This role involves collaborating with various departments to monitor risk exposure and respond to incidents. Their goal is to minimize losses and protect the organization’s assets and reputation. They also play a key role in fostering a risk-aware culture throughout the company.

What are the key skills and qualifications needed to thrive as a head of operational risk management?

To excel as a Head of Operational Risk Management, you need deep expertise in risk assessment, regulatory compliance, and financial controls, usually supported by a degree in finance, business, or a related field and substantial experience in risk management. Familiarity with risk management frameworks (such as COSO or ISO 31000), GRC (governance, risk, compliance) software, and certifications like FRM or CRM are commonly required. Strong leadership, analytical thinking, and effective communication are crucial soft skills that set top performers apart in this role. These qualifications ensure the organization can identify, mitigate, and communicate risks effectively, protecting assets and maintaining regulatory compliance.

What are the primary challenges faced by a head of operational risk management when implementing risk frameworks across diverse business units?

A major challenge for Heads of Operational Risk Management is ensuring consistent application of risk frameworks across different business units, each with their own processes, cultures, and risk profiles. It often requires building strong relationships with senior leaders, tailoring communication to various stakeholders, and continuously monitoring compliance. Success depends on balancing a proactive risk culture with operational efficiency and providing ongoing education to staff. Collaboration and flexibility are key, as is staying current with regulatory changes and industry best practices.

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Head Of Operational Risk Management jobs near you
Infographic showing various Head Of Operational Risk Management job openings in New York as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $156,649 per year, or $75.3 per hour.

Manager, Operational Risk

Manhattan, NY • On-site

Cantor Fitzgerald Securities
See more jobs at Cantor Fitzgerald Securitiesexternal

Full-time

Re-posted 9 days ago

Job description


As the US Head of Operational Risk Management, in this player/coach role is responsible for designing and implementing a comprehensive operational risk management framework. Your role is pivotal in fostering a strong risk culture and meeting regulatory expectations. Working closely with various business lines and functions, you will embed risk management practices and ensure the effective identification, assessment, and mitigation of operational risks.
Responsibilities
  • Own and drive the rollout of the Operational Risk Framework across BGC Group, GFI Group, and Cantor Fitzgerald.
  • Monitor and ensure adherence to the operational risk policy and framework, facilitating training and risk awareness programs.
  • Partner with business units to quantify operational risks and oversee the capture, investigation, and root cause analysis of crystallized risk events.
  • Lead the Risk & Control Self-Assessment (RCSA) program, identifying and evaluating key operational risks and controls across the firm.
  • Expand the RCSA process for Front Office areas, ensuring rigorous risk identification and evaluation.
  • Prepare management information for risk committees, highlighting key risk and control issues, and tracking remediation plans.
  • Chair and participate in Operational Risk Committees, escalating material issues to Senior Management and the Executive Committee as needed.
  • Oversee the implementation of risk management technology solutions and ad hoc projects.
  • Stay alert to Conduct Risk issues, addressing risks to client interests, market integrity, and competition due to inappropriate practices or behaviors.
  • Build and maintain strong working relationships with Front Office personnel, Senior Management, and support functions.

Qualifications
  • Bachelor's degree in Finance, Economics, Business, or a related field.
  • 7-8 years of relevant experience, preferably within the operational risk/enterprise risk department of a financial institution.
  • Demonstrated ability to lead enterprise-wide programs across multiple legal entities and business lines.
  • Strong communication skills, with the ability to engage and articulate complex operational risk issues to Senior Management and C-suite.
  • A solid understanding of capital markets business and other operational risks, including IT security, BCP, and regulatory compliance risks.
  • Credibility at the Senior Management level, with excellent communication skills to build effective relationships.
  • Strong analytical skills and the ability to work well under pressure.
  • Experience in risk management technology implementation is an asset.
  • A proactive and solution-oriented mindset, with a track record of successful risk management initiatives.
  • Ability to work independently and manage multiple projects simultaneously.

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