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Operational Risk Management Jobs in Maryland (NOW HIRING)

EagleBank

Fraud Risk Manager

Silver Spring, MD · On-site

$104K - $173K/yr

Partner with first-line fraud operations, BSA/AML, cybersecurity, legal, and technology teams to ensure an integrated approach to financial crimes and fraud risk management.Evaluating existing ...

EagleBank

Fraud Risk Manager

Silver Spring, MD · Hybrid

$104K - $173K/yr

Partner with first-line fraud operations, BSA/AML, cybersecurity, legal, and technology teams to ensure an integrated approach to financial crimes and fraud risk management.Evaluating existing ...

EagleBank

Fraud Risk Manager

Silver Spring, MD · On-site

$104K - $173K/yr

Partner with first-line fraud operations, BSA/AML, cybersecurity, legal, and technology teams to ensure an integrated approach to financial crimes and fraud risk management. Evaluating existing ...

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All JobsOperational Risk Management JobsOperational Risk Management Jobs in Maryland

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 Jul 14, 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 does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, often using risk management tools and frameworks, and ensure compliance with regulations. Their role involves analyzing data, implementing controls, and working with various departments to minimize operational losses.

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications like FRM or PRM, and strong leadership skills in overseeing enterprise-wide risk strategies.

Is risk management a good career?

Operational risk management is a valuable career that involves identifying, assessing, and mitigating risks within organizations to ensure stability and compliance. It often requires strong analytical skills, knowledge of industry regulations, and certifications such as FRM or ORM. The field offers opportunities for advancement and is essential across various industries, including finance, healthcare, and manufacturing.

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 the highest salary for a risk manager?

The highest salary for a risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like FRM or CFA, and leadership roles in large organizations. Senior risk managers or directors in financial services or multinational corporations often earn the top-tier salaries in this field.

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
Associate Risk Manager

Associate Risk Manager

Kennedy Krieger Institute

Baltimore, MD • On-site

$83K - $149K/yr

Full-time

Posted 10 days ago

Kennedy Krieger Institute rating

7.9

Company rating: 7.9 out of 10

Based on 19 frontline employees who took The Breakroom Quiz

Job description

The Associate Risk Manager is responsible for identifying, evaluating, and mitigating risks that could impact patient safety, staff well-being, regulatory compliance, and organizational operations. The position interfaces with the regulatory, safety and quality staff in identifying safety and quality opportunities and promoting a safety and quality culture. They will demonstrate sound judgment and utilize clinical practice and risk management knowledge to support a culture of safety and minimize legal and financial exposure.


1. Identify potential risks related to patient care, clinical processes, operations, and environment.
2. Review and investigate adverse events, sentinel events, and near-miss occurrence, ensuring appropriate action plans as needed.
3. Monitor trends in incidents, claims, and near misses.
4. Recommend corrective actions by performing root cause analyses (RCA) and proactive risk assessments.
5. Collaborate with interdisciplinary and departmental teams to enhance patient safety initiatives and implement risk reduction strategies
6. Participate in departmental, medical staff, and institutional committees.
7. Collaborate with the Legal Risk Coordinator and Legal Counsel to assist staff with various risk matters including complex patient issues, guardianship and custody issues, legal document review and testimony for legal matters.
8. Develop and deliver staff education on risk management and safety


QUALIFICATIONS:
• Certification in Healthcare Risk Management (CPHRM) or Nurse Legal Certification from an accredited/recognized institution highly preferred.
• Certified Professional in-Patient Safety (CPPS) highly preferred.


EDUCATION:
• Bachelor’s degree in Nursing, Healthcare Administration, Public Health, or related field required.
• Master's Degree preferred


EXPERIENCE:
Five years of experience in healthcare risk management or patient safety is required.


USD $83,483.92/Yr.
USD $149,453.82/Yr.

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