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Operational Risk Management Jobs in Maryland (NOW HIRING)

EagleBank

Operational Risk Manager

Bethesda, MD · On-site

$114K - $192K/yr

This role will be a part of the Enterprise Risk Management function. As an individual contributor, this role will lead all aspects of the governance of the operational risk management program and ...

EagleBank

Operational Risk Manager

Bethesda, MD · Hybrid

$114K - $192K/yr

This role will be a part of the Enterprise Risk Management function. As an individual contributor, this role will lead all aspects of the governance of the operational risk management program and ...

EagleBank

US-MD-Bethesda

Bethesda, MD · Hybrid

$114K - $192K/yr

The Operational Risk Manager drives and supports the Operational Risk Management framework, to enable the Bank to effectively identify, monitor, measure, and control its operational risk profile.

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Operational Risk Management information

See Maryland salary details

$45.6K

$117.2K

$230K

How much do operational risk management jobs pay per year?

As of Jun 9, 2026, the average yearly pay for operational risk management in Maryland is $117,150.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,300.00 and $154,300.00 per year, depending on experience, location, and employer.

What is the difference between Operational Risk Management vs Risk Analyst?

AspectOperational Risk ManagementRisk Analyst
CredentialsCertifications like FRM, CRM, or RIMS; relevant degrees in finance, risk management, or businessSimilar certifications; degrees in finance, economics, or related fields
Work EnvironmentCorporate offices, financial institutions, or industries with risk management departmentsFinancial firms, consulting agencies, or corporate risk teams
Employer & Industry UsageUsed across banking, insurance, and large corporations to manage operational risksCommonly employed in finance, insurance, and consulting to analyze risk data

Operational Risk Management focuses on identifying, assessing, and mitigating risks related to daily business operations. Risk Analysts analyze data to evaluate potential risks and support decision-making. While both roles require similar credentials and work environments, Operational Risk Managers oversee comprehensive risk strategies, whereas Risk Analysts focus on data analysis and risk assessment.

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

To thrive as an Operational Risk Manager, you need strong analytical abilities, knowledge of risk assessment frameworks, and typically a degree in finance, business, or a related field. Familiarity with risk management software, regulatory compliance systems, and certifications like FRM or ORM are commonly required. Exceptional communication, problem-solving, and stakeholder management skills help you influence business processes and foster a risk-aware culture. These skills ensure the effective identification, mitigation, and communication of risks, safeguarding organizational assets and compliance.

What is operational risk management?

Operational risk management is the process of identifying, assessing, and controlling risks that arise from an organization’s day-to-day operations. These risks can include system failures, human errors, fraud, or external events that could disrupt business processes. Effective operational risk management helps organizations minimize losses and ensure business continuity by implementing controls, monitoring processes, and developing contingency plans. It is an essential component of overall risk management in industries such as finance, healthcare, and manufacturing.

What are common challenges faced by professionals in Operational Risk Management, and how can they be addressed?

Professionals in Operational Risk Management often face challenges such as identifying emerging risks, ensuring regulatory compliance, and fostering a risk-aware culture across departments. These challenges can be addressed by staying updated on industry regulations, implementing robust risk assessment tools, and promoting open communication with business units. Regular training and collaboration with other risk management functions also help in proactively managing potential operational threats and ensuring organizational resilience.
What are popular job titles related to Operational Risk Management jobs in Maryland? For Operational Risk Management jobs in Maryland, the most frequently searched job titles are:
What job categories do people searching Operational Risk Management jobs in Maryland look for? The top searched job categories for Operational Risk Management jobs in Maryland are:
What cities in Maryland are hiring for Operational Risk Management jobs? Cities in Maryland with the most Operational Risk Management job openings:
Operational Risk Management jobs near you
Infographic showing various Operational Risk Management job openings in Maryland as of May 2026, with employment types broken down into 1% Internship, 2% As Needed, 79% Full Time, 7% Part Time, 2% Temporary, and 9% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $117,150 per year, or $56.3 per hour.

Operational Risk Manager

EagleBank

Bethesda, MD • On-site

$114K - $192K/yr

Full-time

Medical, Retirement

Posted 8 days ago

Job description

Overview
We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ - EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers.
EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another's experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships. The minimum and maximum projected annualized salary for this position is: $114,071.00 to $192,797.00. Additional compensation may be possible based on experience and skills.
We understand the need to be creative and flexible when it comes to telecommuting and other alternative work arrangements. This position is eligible for our hybrid remote work and will work in the Bethesda, MD office four days per week.
Responsibilities
The Operational Risk Manager drives and supports the Operational Risk Management framework, to enable the Bank to effectively identify, monitor, measure, and control its operational risk profile. This role will be a part of the Enterprise Risk Management function. As an individual contributor, this role will lead all aspects of the governance of the operational risk management program and provide senior management with data driven reporting, analytics and insights to deliver a sustainable risk remediation and management and support strategic planning and decision making.
  • Assist with the development, implementation, and maintenance of a comprehensive second line Operational Risk Management Program including policy, standards, procedures, and tools in alignment with the Enterprise Risk Management framework
  • Implementation and the execution of the enterprise wide Risk And Control Self Assessments ("RCSA") and the annual Enterprise Risk Assessment from a second line oversight perspective, and an ongoing maturation of the programs
  • Work with the business lines to identifying risks and controls based on the Bank's risk taxonomy
  • Responsible for maintaining the Bank's risk and control inventory
  • Partner with business units to enhance risk identification and mitigation strategies
  • Design and implement a risk-based testing program to assess the effectiveness of internal controls
  • Perform periodic testing of key operational controls to verify their design and effectiveness
  • Document findings and collaborate with control owners to implement improvements
  • Develop and monitor operational risk Key Risk Indicators (KRIs), loss events, and other data to detect emerging risks and trends
  • Prepare regular reports to senior management on operational risk exposures, trends, and key initiatives
  • Assist in producing and consolidating management and board committee reporting materials
  • Maintain accurate and up-to-date risk data in the organization's risk management system
  • Promote a culture of risk awareness by conducting training sessions on operational risk framework elements
  • Stay abreast of the industry and regulatory developments and emerging risks and trends to ensure the effectiveness and the relevance of the operational risk management program
  • Any other responsibilities as assigned related to risk management

Qualifications
Requirements:
  • Bachelor's Degree in Arts/Sciences (BA/BS) Finance, Business, Risk Management, or a related field
  • 10 years of experience in operational risk, internal audit, or control testing within banking or financial services.
  • In-depth understanding of the operational risk management principles, frameworks, and methodologies within the financial services industries, including the knowledge of regulatory requirements and industry, best practices
  • Ability to analyze data, identify trends, and assess risks in operational processes and systems in partnership with the first line
  • Strong, verbal and written communication skills
  • Ability to work collaboratively with stakeholders and attain agreement across all three lines of defense
  • Being meticulous and thorough in assessing risks, evaluating controls, and monitoring risk mitigation and performance measures in the second line capacity
  • Advanced Excel, Access, or other data-mining tools experience
  • Critical thinking skills
  • Process-oriented

Preferences:
  • Master's degree in Arts/Sciences (MA/MS) in a related field

Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren't hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.

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