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Operational Risk Associate Jobs in Manakin, VA (NOW HIRING)

Capital One

Principal Risk Associate

Richmond, VA

Principal Risk Associate Capital One's Enterprise Risk Management (ERM) Team has responsibility for ... Collaborate effectively across multiple stakeholders and organizations such as Operational Risk ...

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Operational Risk Associate information

See Manakin, VA salary details

$10

$24

$49

How much do operational risk associate jobs pay per hour?

As of Jun 3, 2026, the average hourly pay for operational risk associate in Manakin, VA is $24.45, according to ZipRecruiter salary data. Most workers in this role earn between $16.59 and $28.22 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Operational Risk Associate, and why are they important?

To thrive as an Operational Risk Associate, you need strong analytical skills, knowledge of risk management frameworks, and a background in finance, business, or a related field. Familiarity with risk assessment tools, regulatory compliance systems, and certifications such as FRM or CRISC is often required. Attention to detail, problem-solving ability, and effective communication are vital soft skills for identifying risks and collaborating with teams. These skills ensure accurate risk identification, regulatory compliance, and the development of strategies to mitigate operational losses.

What are the typical challenges an Operational Risk Associate faces when working with cross-functional teams?

Operational Risk Associates often collaborate with departments such as compliance, audit, IT, and business operations to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment across teams with different priorities and risk tolerances. Additionally, navigating data inconsistencies and varying risk awareness levels can make it difficult to implement standardized controls. Building strong relationships and maintaining open channels for feedback help address these challenges and foster a proactive risk culture.

What does an Operational Risk Associate do?

An Operational Risk Associate is responsible for identifying, assessing, and helping to mitigate risks that could impact a company's day-to-day operations. They work to ensure that processes, systems, and controls are in place to minimize the likelihood and impact of operational failures, such as fraud, system breakdowns, or regulatory breaches. Their duties often include risk assessments, incident reporting, data analysis, and supporting the implementation of risk management policies and procedures. Operational Risk Associates frequently collaborate with other departments to raise awareness and promote a strong risk culture within the organization.

What is the difference between Operational Risk Associate vs Credit Risk Analyst?

AspectOperational Risk AssociateCredit Risk Analyst
Required CredentialsBachelor's degree, certifications like FRM or ORMBachelor's degree, certifications like CFA or FRM
Work EnvironmentFinancial institutions, risk management teamsBanking, lending institutions, credit departments
Employer & Industry UsageUsed in risk management departments across finance sectorsCommon in banking and lending sectors for credit assessment
Comparison Search IntentUnderstanding risk management roles in operationsAssessing credit risk and loan viability

The Operational Risk Associate focuses on identifying and mitigating risks related to operational processes within financial institutions, while the Credit Risk Analyst specializes in evaluating the creditworthiness of borrowers. Both roles require similar certifications and work in risk-related departments, but their core responsibilities differ—one manages operational risks, the other assesses credit risks.

What cities near Manakin, VA are hiring for Operational Risk Associate jobs? Cities near Manakin, VA with the most Operational Risk Associate job openings:
Operational Risk Associate jobs near you
Infographic showing various Operational Risk Associate job openings in Manakin, VA as of May 2026, with employment types broken down into 70% Full Time, 29% Part Time, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $50,853 per year, or $24.4 per hour.
Principal Risk Associate, Operational Risk Management Control Testing

Principal Risk Associate, Operational Risk Management Control Testing

Capital One

Richmond, VA • On-site

Full-time

Posted 28 days ago

Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 134 frontline employees who took The Breakroom Quiz

71st of 141 rated banks

Job description

Principal Risk Associate, Operational Risk Management Control Testing
Capital One is seeking an energetic, self-motivated Principal Risk Associate to join the Operational Risk Control Testing team within the Operational Risk Management (ORM) second line of defense. The ORM Testing team is a dedicated group of professionals focused on developing and executing second line of defense oversight responsibilities for Capital One.
Risk Associates perform professional testing and challenge of operational controls identified through various risk assessment processes that identify material risks and controls of operational risk, including processes, systems and products. ORM Testing provides direct feedback to the first line of defense and informs the effective challenge regarding overall control effectiveness.
This position will be expected to conduct control testing across a spectrum of business and technology processes, document testing results, prepare work papers to evidence testing methods, and draft final reports for customers to summarize testing results. This associate will be responsible for building and maintaining relationships with our business partners while adhering to the highest ethical standards required for independent testing. Success in this position will rely heavily on working with other team members, being able to identify and execute strategies to build and improve processes, being able to analyze data from a variety of sources and to independently identify risk through undefined processes or ways that are not predetermined.
Responsibilities:
  • Perform testing on identified operational risk controls to provide assurance that risk-taking groups are appropriately representing their control environments through the effective challenge of operational controls
  • Ensure issues are properly reported to business areas and remediated appropriately to reduce outstanding risk or performance breakdowns
  • Perform and support detailed data analysis to include trending, problem identification, and development/completion of remediation projects
  • Identify emerging risks, process improvements, or areas for increased training through the analysis of testing results
  • Manage work across organizational lines to achieve results and manage competing priorities
  • Support procedure reviews and document updates
  • Exhibit excellent verbal and written communication skills; develop communications (written and presented) to support findings
  • Assist with compiling metrics
  • Provide effective challenge to the business where appropriate
  • Demonstrate problem-solving and analysis skills with attention to detail

Basic Qualifications:
  • High school diploma, GED, or equivalent certification
  • At least 3 years of audit or risk management experience
  • At least 1 year of testing or quality assurance experience

Preferred Qualifications:
  • Bachelor's Degree in Auditing, Finance, Economics, Planning, Information Systems or Business Administration
  • 4+ years of audit or risk management experience
  • 1+ years of project or process management experience
  • Experience with payment transaction flows (Authorization, Clearing, Settlement, Reconciliation
  • Risk Management Certification
  • Familiarity with Federal Financial Institutions Examination Council (FFIEC) and The Office of the Comptroller of the Currency (OCC) regulatory requirements as it relates to technology and operational resiliency
  • Experience in Microsoft Office or Google Suite

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Richmond, VA: $109,900 - $125,400 for Principal Risk Specialist
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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