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Operational Risk Manager Jobs in Colorado (NOW HIRING)

Pwc

R&I Cybersecurity & AI Risk Senior Manager

Denver, CO · On-site

$91K - $321.50K/yr

Those in enterprise risk management at PwC will focus on identifying and mitigating potential risks that could impact an organisation's operations and objectives. You will be responsible for ...

LivaNova

Manager, Enterprise Risk Management

Denver, CO · On-site

$110K - $150K/yr

The Manager, Enterprise Risk Management is responsible for overseeing and coordinating the ... Provide operational support during crisis events and post-incident reviews. * Executive and Board ...

Gallagher

Senior Risk Control Consultant

Denver, CO

... management, and operational exposures. The risk control insurance team leverages their experience in implementing risk improvement strategies to positively impact cost of risk. We focus on prompt ...

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Operational Risk Manager information

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$49.4K

$126.9K

$249.2K

How much do operational risk manager jobs pay per year?

As of May 30, 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 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.

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
Infographic showing various Operational Risk Manager job openings in Colorado as of May 2026, with employment types broken down into 2% As Needed, 82% Full Time, 11% Part Time, 1% Temporary, and 4% Contract. Highlights an 78% Physical, 4% Hybrid, and 18% Remote job distribution, with an average salary of $126,924 per year, or $61 per hour.
Director of Insurance Operations & Risk Management

Director of Insurance Operations & Risk Management

Denver Health

Denver, CO • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago

Denver Health rating

7.8

Company rating: 7.8 out of 10

Based on 66 frontline employees who took The Breakroom Quiz

170th of 990 rated hospitals

Job description

We are recruiting for a mission-driven Director of Insurance Operations & Risk Management to join our team!
We're with you for life's journey. At Denver Health, purpose isn't just something we believe in-it's something we live every day, for life's journey.
Our Values
Respect | Belonging | Accountability | Transparency
Department
Risk Management
Job Summary
The Director, Insurance & Risk Management provides enterprise-wide strategic leadership for Denver Health's clinical and non-clinical risk management programs and oversees the organization's property and casualty insurance portfolio. This role will collaborate closely with executive and operational leaders, internal stakeholders, insurance partners, and external regulatory bodies to direct the system's insurance program, clinical risk management, and claims' governance to safeguard Denver Health's patients, workforce, and assets.
Essential Functions:
  • Provide leadership and strategic direction for Denver Health's risk management programs, establishing systemwide priorities and long-range strategies to reduce exposure and strengthen organizational resilience. Lead, support and develop a high-performing risk management team, clinically and administratively, to ensure effective workforce planning, talent development, performance management, and leadership coaching at scale. Provide on-call support and timely consultation on risk-related issues for staff and providers. (30%)
  • Oversee the procurement of Denver Health's enterprise property & casualty insurance portfolio, ensuring optimal coverage, financial stewardship, and alignment with organizational risk tolerance. Redevelop and maintain the risk management information systems to track and produce detailed, timely, and accurate reports of key indicators and data for loss trending, actuarial data reporting, exposure analytics, and integration of risk insights into leadership decision-making. Ensure compliance with state insurance and regulatory requirements, including regulatory filings, captive governance activities, and formal interactions with regulatory agencies and auditors. Continuously evaluate emerging industry trends to strengthen risk posture. (20%)
  • Provide oversight of claims management, including litigation management, reserves, incident evaluation, and insurer/broker/actuary partnerships to support prompt, cost-efficient resolution of claims. 20%)
  • Direct clinical risk management operations, including adverse event investigations, Root Cause Analysis (RCA), regulatory reporting, and executive-level communication of findings and system-level mitigation strategies. (20%)
  • Partner with Corporate Finance and Legal leadership to ensure accurate financial planning, reserve management, recordkeeping, contract review, and support for commercial and captive insurance operations. Respond to credentialing inquiries and requests for insurance documentation. (10%)

Education:
  • Bachelor's Degree in Risk Management, Insurance, Finance, Business, Nursing or related field or graduation from an accredited law school with a Juris Doctorate (Required)

Work Experience:
  • 10 + years of progressively responsible risk management, insurance, or risk finance experience (Required)
  • 6+ years in leadership roles at the departmental or system level (Required)

Licenses and Certifications:
  • CPCU, ARM, RPLU, CPHRM, RN (Preferred)

Knowledge, Skills and Abilities:
  • Material experience with captive insurance programs is preferred.
  • Demonstrated success overseeing enterprise insurance portfolios, claims operations, regulatory compliance, and risk finance.
  • Experience partnering with and influencing executive leaders, stakeholders, insurers, brokers, actuaries, and regulators.
  • Proven ability to lead large, complex projects and manage departmental or program budgets.
  • Advanced proficiency in Microsoft Office and risk information systems.
  • Excellent written and oral communication skills, including the ability to present complex risk concepts to senior leadership and governing bodies and influence internal/external stakeholders.
  • Innovative and critical thinker.
  • Advanced knowledge of risk finance, risk mitigation strategies, and healthcare risk management.
  • Deep expertise in insurance program structure, underwriting, and negotiation
  • Executive-level claims and litigation management experience.
  • Advanced analytical and data interpretation and data-driven decision making skills (advanced excel proficiency, loss trending, actuarial concepts, risk information systems/platforms)
  • Knowledge of state and federal insurance regulations, commercial insurance programs, and captive insurance governance
  • Strategic leadership, systems thinking, and enterprise planning.
  • Complex problem-solving and decision-making skills.
  • High-level communication, facilitation, and presentation skills.
  • Strong organizational, prioritization, and project management capabilities

Shift
Days (United States of America)
Work Type
Regular
Salary
$127,000.00 - $209,600.00 / yr
Benefits
At Denver Health, we take care of the people who take care of our community. Our benefits are built to support your life, your family, and your future - with generous paid time off, fully paid parental leave, exceptional retirement contributions, comprehensive health coverage, and nationally recognized well-being programs. We invest in your growth through tuition assistance, career advancement pathways, and professional development - while also offering meaningful financial advantages through loan forgiveness eligibility and employer contributions. When you join Denver Health, you're joining a mission-driven organization that invests in you.
Here is a small list of our benefit programs:
  • Paid time off starting at 28 days per year, inclusive of vacation, personal/sick, and 7 Holidays
  • 100% paid parental leave up to 6 weeks
  • Immediate eligibility for retirement plans with employer contribution up to 9.5%
  • Generous medical, dental, vision plans in addition to employer paid disability and life insurance.
  • Comprehensive well-being programs including on-site employee fitness center located on Denver Health main campus and nationally recognized RESTORE Center
  • Free RTD EcoPass (public transportation)
  • Childcare discount programs & exclusive perks on large brands, travel, and more
  • Tuition reimbursement & assistance
  • Education, coaching, and professional development opportunities through the Workforce Development Center (WFDC) that support internal career growth and advancement pathways
  • Professional clinical advancement program & shared governance
  • Public Service Loan Forgiveness (PSLF) eligible employer+ free student loan coaching and assistance navigating the PSLF program
  • National Health Service Corps (NHCS) and Colorado Health Service Corps (CHSC) eligible employer

About Denver Health
Denver Health is an integrated, high-quality academic health care system considered a model for the nation that includes a Level I Trauma Center, a 555-bed acute care medical center, Denver's 911 emergency medical response system, 10 family health centers, 19 school-based health centers, Rocky Mountain Poison & Drug Safety, the Public Health Institute at Denver Health, Denver Health Medical Plan and Denver Health Foundation.
As Colorado's primary, and essential, safety-net health care system, Denver Health is a mission-driven organization that has provided millions in uncompensated care for the uninsured each year.
Located near downtown Denver, Denver Health is just minutes away from many of the cultural and recreational activities Denver has to offer.
Denver Health is an equal opportunity employer (EOE). We value the unique ideas, talents and contributions reflective of the needs of our community. All job applicants for safety-sensitive positions must pass a pre-employment drug test, once a conditional offer of employment has been made. Applicants will be considered until the position is filled.

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