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Head Of Operational Risk Jobs in Virginia (NOW HIRING)

This individual will lead and manage a team enhancing and overseeing the Corporations program(s) and processes for proactive operational risk management. Following is a summary of the essential ...

Head of Maintenance Job Summary The Head of Maintenance is responsible for directing, managing, and ... This role oversees utilities, facilities, and operational maintenance teams to ensure optimal ...

Head of Technology Operations At MECCA, technology operations are critical to how the business runs ... Oversee operational tooling, automation, and workplace technology capabilities to enhance ...

Head of Delivery

Richmond, VA

$209.80K/yr

The Head of Delivery will create the structure, rhythm, and accountability needed to support a ... Deep understanding of delivery operations, including project lifecycle, risk management, and client ...

Head of Delivery

Richmond, VA · On-site

$209.80K/yr

The Head of Delivery will create the structure, rhythm, and accountability needed to support a ... Deep understanding of delivery operations, including project lifecycle, risk management, and client ...

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Head Of Operational Risk information

See Virginia salary details

$46.6K

$119.7K

$235K

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

As of May 30, 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.

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.

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 popular job titles related to Head Of Operational Risk jobs in Virginia? For Head Of Operational Risk jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Head Of Operational Risk jobs in Virginia look for? The top searched job categories for Head Of Operational Risk jobs in Virginia are:
What cities in Virginia are hiring for Head Of Operational Risk jobs? Cities in Virginia with the most Head Of Operational Risk job openings:
Infographic showing various Head Of Operational Risk job openings in Virginia as of May 2026, with employment types broken down into 47% Full Time, 51% Part Time, and 2% Contract. Highlights an 63% Physical, 24% Hybrid, and 13% Remote job distribution, with an average salary of $119,670 per year, or $57.5 per hour.
Fraud Risk Oversight Director

Fraud Risk Oversight Director

Truist

Richmond, VA

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 16 days ago


Truist rating

8.3

Company rating: 8.3 out of 10

Based on 109 frontline employees who took The Breakroom Quiz

33rd of 141 rated banks


Job description

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

Need Help?

If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)Please review the following job description:The Fraud Risk Oversight Director is responsible for the design, development, implementation, and ongoing management of core, complex operational risk program(s) to support the identification, monitoring, assessing, managing, reporting and governance of operational risk. This individual will lead and manage a team enhancing and overseeing the Corporations program(s) and processes for proactive operational risk management.

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Manage the Enterprise Fraud Risk Management (EFRM) and Loss Events (Internal and External Loss Events - ELE & ILE) Operational Risk Management Programs which support proactive management of operational risk, as well as ongoing efforts to ensure efficient development and execution of sound risk management practices and high-quality results.

2. Serve as an operational risk expert and coach to risk managers on higher risk and more complex assignments.

3. Promote operational risk awareness across Truist, to include training activities and communication.

4. Ensure EFRM, ELE and ILE programs are continually evaluated, enhanced, aligned with industry trends, and meet regulatory expectations.

5. Organize, coordinate, and manage work of resources within ORM and support the development and growth of teammates through on-going coaching and mentorship.

6. Develop and maintain effective working relationships with stakeholders in all Business Units and second line functions.

7. Drive a strong enterprise risk culture that aligns to Truist's purpose, mission, and values by fostering rigor and discipline focused on risk and compliance awareness, ethical business practices, transparency, and escalation.

8. Responsible for salary administration, performance assessment, coaching, team member selection, training, and career development of staff.

Qualifications

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Bachelor's degree with major in financial-related discipline (accounting, business, finance, etc.) or equivalent education and experience.

2. Fifteen + years of banking or risk management experience with subject matter expertise managing Operational Risk Management Programs. Ten years of management experience that includes direct supervisory responsibility.

3. Possess and demonstrate expert Operational Risk Management knowledge, leadership and decision-making skills.

4. Strong analytical and organizational skills and extensive experience designing, developing, implementing and executing risk management programs.

5. Excellent interpersonal skills with the ability to develop and maintain collaborative relationships with multiple stakeholders, interact effectively with all levels of management, and effect and influence change in a dynamic environment.

6. Excellent verbal and written communication skills, with the ability to present issues, observations, and recommendations.

7. Adept with Microsoft Office products.

Preferred Qualifications:

1. Master of Business Administration, Risk Management, or relevant Master's degree Graduate of Leadership Development Program, Banking School, or equivalent industry training program.

2. Experience working for or with (significant interactions) regulatory agencies (FRB, OCC, FDIC).

3. Experience in establishing new Corporate operational risk programs or initiatives.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

EEO is the Law E-Verify IER Right to Work


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About Truist

Sourced by ZipRecruiter

Truist is combining distinctive personal service with investments in innovation to create transformational client experiences. We believe the unique blend of human touch and innovative technology will set us apart, instill confidence, and build deeper levels of trust with our clients

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Year founded

2019