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Head Of Operational Risk Jobs in Chicago, IL (NOW HIRING)

Sandvik

Head of Operational Excellence

Batavia, IL · On-site +1

Head of Operational Excellence Department: Operations Reports to: EVP Of Operations Classification: Exempt Location: Open Travel: Yes Job Summary: Head ofOperational Excellence is responsible for ...

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

S. ISOs and transition to margin-based trading, we need a Head of Risk who can design the ... Operational & Liquidity Risk * Stand up the operational risk program covering technology risk ...

Sauce

Head of Operations

Mundelein, IL

We are hiring a Director-level Head of Operations -- a Swiss knife operator who can be cross ... If there is no clear owner for an operational problem, this person is the owner. Their job is to ...

Hightower

Head of Procurement

Chicago, IL · On-site

$160K - $180K/yr

... risk, and enhance organizational value. This role requires a strategic, forward-thinking approach paired with the ability to execute hands-on operational work. The Head of Procurement will influence ...

hightower

Head of Procurement

Chicago, IL · Hybrid

$160K - $180K/yr

... risk, and enhance organizational value. This role requires a strategic, forwardthinking approach paired with the ability to execute handson operational work. The Head of Procurement will influence ...

Geneva Trading

Global Head of Risk Management

Chicago, IL · On-site

$225K - $300K/yr

The Global Head of Market Risk Management will play a key role in the trading firm's dynamic environment. This person will develop and apply analytic tools and techniques to define and enhance our ...

JLL

Global Head of Benefits

Chicago, IL · On-site

JLL's scale - 110,000 employees, $700M in annual spend, operations across 80+ countries - means ... Direct due diligence for M&A activities - identifying benefits-related risk, designing integration ...

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Head Of Operational Risk information

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$48.4K

$124.3K

$244.1K

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 Chicago, IL is $124,344.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,700.00 and $163,800.00 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.
What job categories do people searching Head Of Operational Risk jobs in Chicago, IL look for? The top searched job categories for Head Of Operational Risk jobs in Chicago, IL are:
Head Of Operational Risk jobs near you
Infographic showing various Head Of Operational Risk job openings in Chicago, IL as of July 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, 2% Temporary, 1% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $124,344 per year, or $59.8 per hour.
Head of Operational Excellence

Head of Operational Excellence

Sandvik

Batavia, IL • On-site, Remote

Full-time

Re-posted 15 days ago

Sandvik rating

7.4

Company rating: 7.4 out of 10

Based on 25 frontline employees who took The Breakroom Quiz

240th of 421 rated machine equipment manufacturers

Job description

Job Title: Head of Operational Excellence
Department: Operations
Reports to: EVP Of Operations
Classification: Exempt
Location: Open
Travel: Yes
Job Summary: Head ofOperational Excellence is responsible for managing and improving the effectiveness and consistency of GWS Tool Group's manufacturing and logistics processes, plant lay out on Cad, incorporating and adapting technology, and identifying and implementing synergies to ensure process standardization and efficiencies across our operations. They will support manufacturing new products as well as existing allocations between facilities and external parties. In addition, this role will create and manage the capital investment strategy and execution. The position reports directly to the EVP of Operations.
Duties/Responsibilities:
  • Responsible for the development and oversight of a Lean Manufacturing System in all production sites, use six sigma for improving plant improvements.

  • Develop plant layouts for better thru put OEE increase

  • Identify, define, and implement synergies in manufacturing processes, automation, technology, and logistics across multiple sites.

  • Oversee cross-leveling and capacity balancing and address bottleneck issues throughout manufacturing processes.

  • Manage multi-site projects and product allocations.

  • Analyzes and resolves production issues and assists managers in solving problems.

  • Develop operational plans and strategies that align with company goals and objectives.

  • Prepare and present reports on performance to executive management.

  • Ensure that business is conducted in accordance with the Sandvik Code of Conduct.

  • Continually improves safety record by addressing both physical safety issues & employee safety attitudes.

  • Other duties as assigned.

Education and Experience:
  • Minimum of 5 years of process engineering experience in a manufacturing environment; cutting tool manufacturing preferred.

  • Minimum of 5 years of manufacturing experience

Required Skills/Abilities:
  • Thorough knowledge of all manufacturing methods, technologies, automation, and equipment.

  • Strong knowledge of process management and improvement in a manufacturing setting.

  • Ability to work in an ambiguous environment; to help identify, simplify, and create structure.

  • Strong relationship-building skills and the ability to communicate effectively.

  • Multi-site project management and reporting.

  • Ability to manage multiple tasks and priorities and adapt to changing situations.

  • Strong Lean knowledge and six sigma black belt

  • MBA in finance would be a plus

Physical Requirements:
  • Prolonged periods of standing or sitting with some lifting, bending, and twisting.

  • Ability to lift up to 20 pounds.

  • Ability to stoop, bend or kneel when required.

  • Ability to travel up to 50- 75 % (after introduction period)

All qualified applicants will receive consideration for employment without discrimination on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other factors prohibited by law.

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