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Operational Risk Management Jobs in Maryland (NOW HIRING)

EagleBank

US-MD-Bethesda

Bethesda, MD · Hybrid

$152K - $261K/yr

The Model Risk Management Officer is the Bank's second-line expert for model risk and quantitative ... risk, and operational risk. Evaluate model assumptions, data integrity, calibration, and ...

HASI

Risk Manager

Annapolis, MD

$145K - $220K/yr

The Risk Professional will support the Risk Management and Modeling Team in monitoring HASI ... Solid working knowledge and understanding of commercial contracts, operations and maintenance, and ...

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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 Sep 8, 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 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 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 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.

Is operational risk management a good career?

Operational risk management is a valuable career that involves identifying and mitigating risks within an organization’s operations. It requires strong analytical skills, knowledge of industry regulations, and often certifications like ORM or FRM. The field offers opportunities for advancement in financial services, manufacturing, and other sectors with a focus on compliance and risk assessment.

What does an operational risk management do?

Operational risk management involves identifying, assessing, and mitigating risks that could disrupt an organization's daily operations. Professionals in this field develop strategies to prevent losses from process failures, fraud, or system outages, often using tools like risk assessments and control frameworks. They ensure compliance with regulations and improve overall operational 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 August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $117,150 per year, or $56.3 per hour.

Associate Risk Manager

Baltimore, MD • On-site

Kennedy Krieger Institute
Health Care and Social Assistance • 1 - 5K employees
Learn more about Kennedy Krieger Instituteexternal

$83K/yr

Full-time

Re-posted 15 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

Overview
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.
Responsibilities
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
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.
Minimum pay range
USD $83,483.92/Yr.
Maximum pay range
USD $149,453.82/Yr.

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