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Operational Risk Manager Jobs (NOW HIRING)

Bank of Hawaii

Operational Risk Manager

Honolulu, HI · On-site

$124K - $220K/yr

As an Individual Contributor, this role is responsible for leading operational risk management activities and influencing the development of a strong and sustainable control environment. This ...

New

Zero Hash

Operational Risk Manager

About the Job zerohash is looking for an experienced Operational Risk Manager to own operational risk as a dedicated discipline within the enterprise risk program. You will design and run the RCSA ...

Waymo

Operational Risk Manager

San Francisco, CA · On-site

$159K - $196K/yr

We are looking for a systems-minded Operational Risk Manager to mature and scale our day-to-day risk and safety infrastructure. This isn't about running periodic checklists; it's about turning ...

Wise

Operational Risk Manager

Austin, TX · On-site

We're looking for an Operational Risk Manager to own the day-to-day operational risk and issues management for Wise US Inc and Wise Canada. You'll be a data analyst, process coordinator, and AI ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

Overview: DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently ...

Wise

Operational Risk Manager

Austin, TX

We're looking for an Operational Risk Manager to own the day-to-day operational risk and issues management for Wise US Inc and Wise Canada. You'll be a data analyst, process coordinator, and AI ...

DV Trading

Operational Risk Manager

Chicago, IL · On-site

$175K - $225K/yr

Overview: DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently ...

DV Trading

Operational Risk Manager

Chicago, IL

$175K - $225K/yr

Overview: DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently ...

Mars

Operational Risk Manager, Engineering

Mclean, VA · On-site

The Operational Risk Manager role is responsible for supporting the delivery and management of Mars Inc Operational Risk Programs such as Risk Engineering, Business Resilience, and other loss ...

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Operational Risk Manager information

See salary details

$47K

$120.7K

$237K

How much do operational risk manager jobs pay per year?

As of Aug 30, 2026, the average yearly pay for operational risk manager in the United States is $120,706.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,500.00 and $159,000.00 per year, depending on experience, location, and employer.

What does an operational risk manager do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

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 a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What are some common challenges faced by operational risk managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

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

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

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Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in the United States as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 80% Physical, 2% Hybrid, and 18% Remote job distribution, with an average salary of $120,706 per year, or $58 per hour.

Operational Risk Manager

Bank of Hawaii

Honolulu, HI • On-site

$124K - $220K/yr

Full-time

Posted 3 days ago

New

Bank Of Hawaii rating

7.0

Company rating: 7.0 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

127th of 173 rated banks

Job description


As an Individual Contributor, this role is responsible for leading operational risk management activities and influencing the development of a strong and sustainable control environment. This position partners with business unit leaders to assess emerging risks, strengthen operational controls, and integrate risk management considerations into strategic initiatives, process improvements, and organizational transformation efforts. The role serves as a key advisor to leadership and risk partners, providing insight and guidance that supports operational integrity, regulatory compliance, and effective governance.
Responsibilities
  • Risk Identification and Assessment: Leads the identification, assessment, and ongoing monitoring of operational risks across assigned business units or functions. Conducts risk and control self-assessments, evaluates process vulnerabilities and control effectiveness, and maintains a current view of the operational risk profile to inform business decisions and risk mitigation priorities.
  • Control Environment and Monitoring: Designs, implements, and oversees first-line monitoring routines, quality assurance reviews, control testing, and other risk management activities. Evaluates the design and effectiveness of embedded controls, identifies gaps, and drives enhancements that reduce residual risk and strengthen operational resilience.
  • Policy, Procedure, and Compliance Governance: Ensures operational procedures are documented, maintained, and aligned with enterprise policies, regulatory requirements, and industry standards. Partners with business units to promote procedural consistency, support the standardization of practices, and reinforce compliance with applicable laws, regulations, and Bank requirements.
  • Issue and Exception Management: Oversees the identification, escalation, tracking, and remediation of control gaps, exceptions, errors, and operational incidents. Performs root cause analyses, evaluates the adequacy of corrective action plans, and validates that remediation efforts are timely, effective, and sustainable.
  • Risk Reporting and Governance: Develops and presents operational risk reporting, dashboards, and analyses to leadership and applicable governance forums. Provides data-driven insights regarding risk trends, emerging concerns, control effectiveness, and the overall health of the control environment to support informed decision-making and appropriate risk acceptance.
  • Strategic Partnership and Advisory: Serves as a key advisor to business leaders, second-line risk and compliance partners, audit, and other stakeholders on complex operational risk and control matters. Provides risk-based guidance for strategic initiatives, process improvements, automation, system modernization, and organizational changes, and supports responses to audit and regulatory examination requests.
  • Performs other responsibilities and duties as assigned.

Qualifications
  • Bachelor's degree in business administration, finance, accounting, risk management, or a related field. Equivalent work experience or certification(s) may be considered in lieu of degree.
  • Minimum 12 years of experience in operational risk management, internal controls, audit, compliance, banking operations, or related financial services functions, including experience with risk and control self-assessments, control testing, issue remediation, project management, and process improvement.
  • Proficient with Microsoft Office applications.
  • Advanced knowledge and skill proficiency in business acumen, continuous improvement, corporate governance, customer experience, decision making & judgement, financial risk management, laws & regulations, operational risk management, regulatory compliance, risk management, and strategic thinking.
  • Intermediate knowledge and skill proficiency in financial modeling, model risk management, and risk governance.
  • Demonstrates excellent verbal and written communication skills, strong analytical abilities, attention to detail, and intellectual curiosity. Able to manage multiple priorities, build effective relationships, influence stakeholders, exercise discretion with sensitive information, and adapt to changing business needs in both independent and collaborative environments.

As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.
Delivering exceptional customer experiences is at the heart of what we do at Bank of Hawaii. We listen, understand and deliver what our customers need to help them build a better tomorrow.
We are an EEO/AA employer, including disability and veterans. For Bank of Hawaii's full EEO statement, please visit https://www.boh.com/careers.

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