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Head Of Operational Risk Jobs in Virginia (NOW HIRING)

Freddie Mac

Operational Risk Professional

Mclean, VA · On-site

$74K - $112K/yr

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of ... Freddie Mac is seeking an Operational Risk Professional to join the Investments & Capital Markets ...

Freddie Mac

Operational Risk Professional

Mclean, VA · On-site

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of ... Freddie Mac is seeking an Operational Risk Professional to join the Investments & Capital Markets ...

Hyphen Connect Limited

Develop and maintain risk management frameworks for lending and trading operations. * Conduct ... Qualifications: * 10+ years of experience in risk management within traditional finance (TradFi) or ...

Atropos

Head of Quality

Arlington, VA · On-site

... long-term operational excellence in a highly regulated aerospace environment. Key ... Collaborate with Supply Chain on supplier selection, risk assessment, and development initiatives ...

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Head Of Operational Risk information

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$46.6K

$119.7K

$235K

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

As of Jul 7, 2026, the average yearly pay for head of operational risk in Virginia is $119,670.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,900.00 and $157,600.00 per year, depending on experience, location, and employer.

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 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.

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.
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Head Of Operational Risk jobs near you
Operational Risk Professional

Operational Risk Professional

Freddie Mac

Mclean, VA • On-site

$74K - $112K/yr

Full-time

Posted 20 days ago

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Continue your career journey where your work contributes to a greater purpose.

Position Overview:
Freddie Mac is seeking an Operational Risk Professional to join the Investments & Capital Markets (I&CM) division. Are you someone who lovesto challenge the status quo andleverageyour critical mind? Do you want your work to be meaningful and make an impactinthe housing industry? Apply now and support our mission to #makehomepossible!
Our Impact:

The Treasury Governance team within theInvestments & Capital Markets Divisionsetsthe policy and requirements thatgovernsthe end-to-end payment processand provide oversight and advisory forpayment processing activitiesacross Freddie Mac.

We help thecompany tomanage risks related topaymentprocess to an acceptable level and report on the end-to-end payment risk profile.


Your Impact:

  • Support maintenance of Payment Risk Management Frameworkthat conforms with industry leading practices,standardsand specifications;

  • Support maintenance ofCorporatepolicies,proceduresand standards for corporate payment process;

  • Support oversight of business area's compliance withCorporateprocedures for corporate payment process;

  • Support periodic corporate aggregation assessments of unmitigated payment risks across the company;

  • Support periodic reporting of the aggregated payment fraud risks, KRIs, KPIs, and KCIs for the end-to-end payment management reporting

  • Support periodic risk and control assessmentsfor payment processesas outlined in Corporate Risk Assessment Standard;

  • Support the development of end-to-end payment process control testing oversight plan;

  • Execute the end-to-end design review of controls for all payment processes

  • Execute manual/automated control testing oversight. Challenging test scripts and test of one and operating effectiveness results from anend to endview;

  • Reviewsignificantchanges thatimpactpayment processes or systems todeterminethat the risk and controls have been adequately assessed from an end-to-end view;

  • Support training Freddie Mac staff about payments fraud; industry trends andappropriate safeguardsand tips; and

  • Support other assigned governanceand advisoryactivities


Qualifications:

  • Bachelor's degree plus2-4years of operational risk/process management and/or audit experience

  • Strong working knowledge of Microsoft Office (Excel, PowerPoint, Word, SharePoint, Visio)

  • Previousbig four experience and/or relevant professional certifications (CPA, CFA, Six Sigma green belt/black belt, CIA, etc.) a plus

  • Familiarity with the COSO internal control framework

  • Knowledge of payment processing, third party and information and technology risk and control capabilities (architecture, identity and access management, software/hardware security)

  • Basic understanding of AI concepts and their business applications is a plus


Key to Success in this Role:

  • Enthusiasm for learning about AI tools and their practical implementation

  • Detail-oriented,analyticaland goodwritten and verbalcommunication skills

  • Ability to understand and work with a diverse group of stakeholders withinfirst and second linefunctions

  • Self-motivated, pro-active, and result-driven problem solver with the capability of managing multiple priorities without heavy supervision

  • Capable of working independently or within a collaborative team environment

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $74,000 - $112,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.Employment Type: FULL_TIME
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About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

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