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Operational Risk Manager Jobs in Colorado (NOW HIRING)

First Western

Enterprise Risk Analyst II

Denver, CO · On-site

$63K - $95K/yr

... risk management) by conducting risk assessments, due diligence reviews, identification of control gaps, and ongoing risk monitoring. * Execute enterprise and operational risk assessments by ...

Trimble, Inc.

Director of Enterprise Risk

Westminster, CO · On-site

$160K - $221K/yr

Deep expertise establishing enterprise-wide business continuity planning, crisis management frameworks, and operational risk structures. * Exceptional cross-functional leadership skills with a ...

Trimble

Director of Enterprise Risk

Westminster, CO

$160K - $221K/yr

Deep expertise establishing enterprise-wide business continuity planning, crisis management frameworks, and operational risk structures. * Exceptional cross-functional leadership skills with a ...

Capital Rx

Analyst, Risk Management - Audit

Denver, CO · On-site

$80K - $110K/yr

Bachelor's degree or equivalent experience. * 1-3 years of experience in compliance, operations, documentation management, or related fields. * Strong organizational skills and attention to detail.

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Operational Risk Manager information

See Colorado salary details

$49.4K

$126.9K

$249.2K

How much do operational risk manager jobs pay per year?

As of Jul 9, 2026, the average yearly pay for operational risk manager in Colorado is $126,924.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,300.00 and $167,200.00 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 4 pillars of operational risk management?

The four pillars of operational risk management are risk identification, risk assessment, risk mitigation, and risk monitoring. An Operational Risk Manager uses these pillars to develop strategies that minimize potential losses from internal processes, people, systems, or external events, often utilizing tools like risk dashboards and frameworks such as Basel II. Mastery of these pillars is essential for effective risk oversight and compliance.

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, ensure compliance with regulations, and often use risk management tools and data analysis to support decision-making.

Do risk managers make good money?

Operational Risk Managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary ranges from $80,000 to over $130,000, with additional compensation such as bonuses and certifications like FRM or ORM enhancing earning potential.

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 are the three C's of operational risk management?

The three C's of operational risk management are Culture, Controls, and Communication. These elements help organizations identify, assess, and mitigate risks effectively, which is essential for an Operational Risk Manager to ensure operational resilience and compliance. Developing strong controls and fostering a risk-aware culture are key skills in this role.

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 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.

More about Operational Risk Manager jobs
What are the most commonly searched types of Operational Risk jobs in Colorado? The most popular types of Operational Risk jobs in Colorado are:
What are popular job titles related to Operational Risk Manager jobs in Colorado? For Operational Risk Manager jobs in Colorado, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Colorado look for? The top searched job categories for Operational Risk Manager jobs in Colorado are:
What cities in Colorado are hiring for Operational Risk Manager jobs? Cities in Colorado with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Enterprise Risk Analyst II

Enterprise Risk Analyst II

First Western

Denver, CO • On-site

$63K - $95K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Enterprise Risk Analyst II
Location: Denver, CO (In-Office)
Job Type: Full-Time Exempt
Salary: $63,500 - $95,500/YR *Actual offer will be based on experience, location, education, and/or skills*
Applications should be submitted for consideration no later than 06/30/2026.
Who We're Looking For
You're a detail-oriented risk professional who enjoys analyzing processes, identifying risks, and strengthening controls. You bring strong analytical thinking, sound judgment, and a collaborative mindset. You are comfortable working across teams to promote consistent risk practices and clear ownership. If you thrive in a structured, regulated environment and want to contribute to enterprise risk management, this role is for you.
About the Role
The Enterprise Risk Analyst II supports the execution of First Western's enterprise risk management program by identifying, assessing, and monitoring risks across the organization. The role evaluates processes and controls, documents risk issues, and tracks remediation activities in alignment with the bank's risk framework and regulatory expectations. The role contributes to risk reporting and governance by preparing accurate, timely inputs for management, committee, and regulatory stakeholders. Through effective collaboration with business and control functions, the role promotes consistent risk management practices and clear risk ownership across the enterprise.
What You'll Do
  • Perform risk management activities across key enterprise risk domains (e.g.,) third-party risk management) by conducting risk assessments, due diligence reviews, identification of control gaps, and ongoing risk monitoring.
  • Execute enterprise and operational risk assessments by identifying risks, evaluating control effectiveness, and determining inherent and residual risk in alignment with the bank's risk framework.
  • Perform specialized risk assessment activities, including those related to models or other higher-risk processes, by maintaining inventories, assessing risk and control adequacy, supporting independent review efforts, and tracking findings through remediation.
  • Assess emerging and evolving risk exposures by analyzing changes in business activities, technology, vendors, and the external environment and recommending updates to risk assessments.
  • Manage risk issues and remediation efforts by drafting issue statements, performing root cause analysis, developing action plans, and validating closure evidence.
  • Prepare risk reporting and governance materials, including dashboards and reporting for management and committees, and support regulatory and audit information requests related to enterprise risk activities.
  • Collaborate with business and control functions to understand processes and controls, apply consistent risk management practices, and reinforce clear risk ownership.

What You Bring
  • Bachelor's degree in Business, Finance, Risk, or related field (required).
  • 3-5 years of experience in risk, compliance, audit, or operations within financial services (required).
  • Working knowledge of enterprise risk frameworks and governance models.
  • Experience performing risk assessments and evaluating control effectiveness.
  • Familiarity with third-party risk and issue management processes.
  • Strong analytical, problem-solving, and organizational skills.
  • Advanced Microsoft Office suite.
  • Ability to communicate risk concepts clearly to diverse stakeholders.

What We Offer
  • Competitive base salary: $63,500 - $95,500/YR, plus strong bonus potential.
  • 401(k) plan with employer match.
  • Paid parking and transportation benefits.
  • Comprehensive health and wellness benefits, including:
    • Health savings accounts (HSA)
    • Flexible spending accounts (FSA)
    • Medical, dental, and vision coverage
  • Generous paid time off and bank holidays.
  • Access to training and professional development programs.
  • Sponsorship and support for obtaining professional certifications.
  • A culture of collaboration, continuous improvement, and shared success.

Who We Are
At First Western Trust, we're more than just a financial institution-we're a team of forward-thinkers committed to excellence, innovation, and impact. Our culture thrives on teamwork and mutual respect, grounded in the belief that diverse perspectives fuel creativity and help us tackle challenges in fresh, effective ways.
We celebrate each other's successes, welcome new ideas, and take personal ownership in everything we do. A genuine desire to positively impact our clients, communities, and one another drives our work. We meet challenges with a growth mindset, act with urgency and accountability, and constantly strive to raise the bar for ourselves and our clients.
Leadership at First Western means setting an example and fostering a culture of trust, transparency, and respect. Whether you're just beginning your journey or bringing years of experience, you'll find a welcoming community where your contributions are valued and your potential is boundless.
We expect our people to:
  • Demand and reward excellence.
  • Take action and responsibility.
  • Collaborate, communicate openly, and give/receive feedback with trust.
  • Go above and beyond to do what's right-always.

If that sounds like you, you'll fit right in.
Learn more at myfw.com or email Talent.Management@myfw.com.
Equal Opportunity Employer
First Western Trust is proud to be an Equal Opportunity Employer. We are committed to creating a diverse, inclusive, and respectful workplace where every team member is valued and given the opportunity to thrive. We welcome applicants of all backgrounds and experiences and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected status. For accommodation requests, please contact Talent.Management@myfw.com.
Region A Pay Range
Pay Range
$63,500-$95,500 USD

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