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Head Of Operational Risk Jobs in New York (NOW HIRING)

DataCT LLC

Head of Operations

New York, NY

... processes, reduces operational risk, and maximizes operating leverage. * Lead continuous ... The Head of Operations is a key contributor to that mission. #hc230715

Nasdaq

Head of Risk, Market Services

New York, NY · On-site

The Head of Risk, Market Services Division is responsible for implementing the Enterprise Risk ... Partner as a trusted advisor to strengthen resilience, drive operational excellence and empower ...

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Head Of Operational Risk information

See New York salary details

$51.4K

$132.1K

$259.3K

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

As of Aug 17, 2026, the average yearly pay for head of operational risk in New York is $132,056.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,400.00 and $174,000.00 per year, depending on experience, location, and employer.

What does a head of operational risk do?

A Head of Operational Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's day-to-day operations. They develop risk management strategies, implement policies, and ensure compliance with regulatory requirements. This role often involves overseeing risk assessments, collaborating with various departments, and reporting to senior management or the board. Their main goal is to minimize losses and enhance the organization's resilience against operational threats.

How does the head of operational risk typically collaborate with other departments to manage organizational risk?

The Head of Operational Risk works closely with departments such as compliance, audit, IT, and business units to identify, assess, and mitigate risks across the organization. Regular cross-functional meetings, risk assessments, and workshops are common practices to ensure all teams are aligned on risk management strategies. This collaborative approach helps to create a comprehensive risk culture, ensures effective communication of risk policies, and supports proactive management of emerging risks. Strong interpersonal and leadership skills are essential for building relationships and driving risk initiatives across diverse teams.

What are the key skills and qualifications needed to thrive as a head of operational risk, and why are they important?

To thrive as a Head of Operational Risk, you need strong expertise in risk management, analytical skills, and a background in finance or business, often supported by relevant degrees and industry certifications such as FRM or PRM. Familiarity with risk assessment tools, regulatory compliance systems, and data analysis platforms is typically required. Exceptional leadership, communication, and strategic thinking are crucial soft skills for influencing stakeholders and guiding risk culture. These skills and qualities are vital for identifying, mitigating, and managing risks to ensure organizational stability and regulatory compliance.

What are popular job titles related to Head Of Operational Risk jobs in New York?

For Head Of Operational Risk jobs in New York, the most frequently searched job titles are:

What job categories do people searching Head Of Operational Risk jobs in New York look for?

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Head Of Operational Risk jobs near you
Infographic showing various Head Of Operational Risk job openings in New York as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $132,056 per year, or $63.5 per hour.

Head of Operational Audit

Millennium Management LLC

New York, NY • On-site

$160K - $250K/yr

Full-time

Posted 8 days ago

Millennium Management rating

7.7

Company rating: 7.7 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

Job description

Head of Operational Audit
About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium's mission is to deliver results for our investors.
Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management, and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.
Meet the Team
Millennium's Management Controls and Internal Audit Group exists to assist Millennium's Compliance, Legal & Ethics Oversight Committee, and the Firm's senior management in fulfilling their governance and oversight responsibilities. The team provides relevant analyses, assessments and recommendations through formal audits, high-level design reviews, and project-based work with defined scope, helping strengthen oversight, risk management, and the overall control environment across the firm.
What You'll Do
  • Serve as a thought partner to the Global Head of MCIA on long-term audit planning and scope design, balancing independent review with the firm's broader risk management priorities
  • Build and maintain strong relationships with stakeholders to foster engagement, collaboration, and constructive challenge across the audit process
  • Plan and execute audit engagements focused on operational processes, controls and related risks across business and support functions
  • Lead audits independently, from planning and fieldwork through reporting and follow-up, with clear judgment and strong accountability
  • Develop and maintain a deep understanding of the firm's technology organization, business areas, and support functions to inform audit coverage and risk assessment
  • Identify control gaps, process improvement opportunities, and emerging risks, and provide practical, well-reasoned recommendations
  • Contribute to department-wide initiatives focused on enhancing firm processes and strengthening the overall control environment
  • Support the annual risk assessment process, audit plan development and other departmental projects and priorities

What You Bring
  • 15 years of strong audit experience within financial services
  • Demonstrated ability to operate independently and lead with confidence, sound judgment, and accountability
  • Experience developing audit strategy, planning engagements, and defining effective scope
  • Strong stakeholder management skills, with the ability to build trusted relationships across functions and levels
  • Solid understanding of operational risk, internal controls, and audit methodologies
  • Ability to assess complex processes and translate findings into clear, practical recommendations
  • Strong communication skills, including the ability to present issues and recommendations clearly and effectively
  • A collaborative, proactive approach, and a continuous improvement mindset

Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

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