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Operational Risk Manager information
See Connecticut salary details
$44.7K - $61.1K
5% of jobs
$71.1K is the 25th percentile. Wages below this are outliers.
$61.1K - $77.6K
33% of jobs
The median wage is $92.1K / yr.
$77.6K - $94K
14% of jobs
$94K - $110.4K
14% of jobs
$110.4K - $126.9K
5% of jobs
$138.5K is the 75th percentile. Wages above this are outliers.
$126.9K - $143.3K
6% of jobs
$143.3K - $159.7K
7% of jobs
$159.7K - $176.2K
5% of jobs
$176.2K - $192.6K
2% of jobs
$192.6K - $209K
8% of jobs
$209K - $225.5K
0% of jobs
$44.7K
$114.8K
$225.5K
How much do operational risk manager jobs pay per year?
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?
What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?
What is the difference between Operational Risk Manager vs Risk Analyst?
| Aspect | Operational Risk Manager | Risk Analyst |
|---|---|---|
| Certifications | CFA, FRM, or similar | CFA, FRM, or similar |
| Work Environment | Financial institutions, banks, insurance companies | Financial firms, consulting, corporate risk teams |
| Responsibilities | Identify, assess, and mitigate operational risks; develop risk frameworks | Analyze 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.

Full-time
Medical, Life, Retirement, PTO
Posted 14 days ago
Wells Fargo rating
7.8
Based on 683 frontline employees who took The Breakroom Quiz
60th of 141 rated banks
Job description
About this role:
Wells Fargo is seeking a seasoned technology operations leader to serve as a Systems Operations Senior Manager supporting Equipment Finance (EF) and Vendor Finance (VF) in Commercial & Corporate Investment Banking Technology (CCIBT) Platform Management team.
This manager will be responsible for setting strategy, standards, and operating models for production support, resiliency, and risk management across the endtoend technology ecosystem of a large, complex portfolio of EF/VF applications, including internally developed platforms, vendor solutions, and thirdparty hosted systems.
The EF/VF portfolio supports the $1.6B Equipment and Vendor Finance business in Commercial Banking, serving approximately 250,000 clients, and provides the technology capabilities that enable key business functions such as originations, pricing, funding, portfolio management, and servicing. The technology landscape spans multiple upstream and downstream dependencies, requiring strong senior leadership oversight to maintain platform stability, resiliency, and regulatory compliance.
As a senior leader within CCIBT Platform Management, this role is accountable for service continuity, incident and problem management, governance, and operational risk mitigation across the EF/VF portfolio. The leader will actively partner with application teams, infrastructure and engineering groups, vendors, risk partners, and business stakeholders to ensure issues are resolved quickly, safely, and with minimal client impact.
In this role, you will:
Production Operations & Platform Accountability
- Provide senior-level ownership for production stability, availability, and performance across the EF/VF application portfolio.
- Lead major incident response, crisis management, and executive-level escalations, ensuring timely resolution and clear communication.
- Serve as the final decision authority for timecritical risk, availability, and clientimpact decisions during production incidents and recovery events.
- Ensure effective incident, problem, and root cause management, with sustainable remediation to prevent recurrence.
Operational Resiliency & Risk Management
- Accountable for remediation of regulatory findings, audit issues, and operational risk events impacting EF/VF platforms.
- Partner with Risk, Compliance, and Internal Audit to ensure timely closure of issues and sustained control effectiveness.
- Define and execute strategies to strengthen operational resilience, including recovery readiness, dependency management, and reduction of single-point-of-failure risks.
- Proactively identify, assess, and mitigate operational, regulatory, and technology risks impacting EF/VF platforms.
- Ensure adherence to SLAs, OLAs, regulatory obligations, and processing cutoffs supporting client and business commitments.
Governance, Change & Control
- Define, enforce, and continuously mature production governance, change management, and control standards across EF/VF platforms
- Partner with application, infrastructure, security, and vendor teams to ensure safe delivery of change across complex, interdependent systems.
- Maintain audit-ready controls, documentation, and evidence supporting internal and external regulatory reviews.
Global Team Leadership & Follow-the-Sun Execution
- Define global workforce strategy, including succession planning, vendor/FTE mix, and leadership bench development to reduce systemic keyperson risk
- Lead and develop a globally distributed operations organization, ensuring effective handoffs and 24x7 coverage.
- Establish clear accountability, operating standards, and performance expectations across U.S. and WFI teams.
Business & Stakeholder Partnership
- Act as a senior technology operations partner to EF/VF business leaders.
- Provide transparent, data-driven insights on platform health, risks, and incidents to senior leadership.
- Align operational priorities with business strategy and client commitments.
Continuous Improvement & Operational Maturity
- Drive ZeroTouch and automationfirst operations to reduce manual intervention, shorten incident resolution times, and improve early detection of platform risk.
- Promote a culture of risk awareness, accountability, and continuous improvement across platform operations.
Additional Responsibilities
- Manage and develop teams of analysts, associates, and less experienced managers in roles that provide technical services and support for the relevant supported systems
- Engage and influence stakeholders, internal partners, and peers in order to engineer projects, identify new products and solutions, and research solutions for existing systems
- Identify and recommend opportunities for administration and maintenance of the remote monitoring and management system, as well as the periodic system review
- Perform network assessments, security audits, and system enhancement consultations
- Determine appropriate strategy and actions of Systems Operations team to meet moderate to high risk deliverables
- Interpret and develop policies and procedures, and understand compliance and risk management requirements for supported system area
- Provide implementation support for key risk initiatives
- Collaborate with and influence all levels of professionals, analysts, or associates
- Ensure the Systems Operations team communicates with customers to keep them informed of incident progress, and notify them of impending changes or agreed outages
- Manage allocation of people and financial resources for Systems Operations
- Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications:
- 7+ years of Systems Engineering and Technology Architecture experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 3+ years of management or leadership experience
- 6+ years of experience in technology operations, production support, or platform management within large, complex enterprise environments.
- 3+ years of senior people management experience leading global, distributed teams.
- 5+ years of experience and strong expertise in incident, problem, and change management; operational risk; resiliency; governance; and ITIL practices for missioncritical platforms.
- 5+ years of experience in technology or production engineering roles supporting financial services or similarly regulated environments.
- 3+ years of experience in modern DevOps/SRE methodologies.
- 3+ years of experience leading high-severity incidents
- 3+ years of experience communicating with senior and executive stakeholders.
- 3+ years of experience with stakeholder management skills at the executive level.
Desired Qualifications:
- Experience in supporting Commercial Banking or Equipment Finance lending platforms.
- Familiarity with vendor-hosted and third-party managed platforms.
- Experience operating and maturing follow-the-sun support models.
- Background in driving automation and operational efficiency initiatives.
Job Expectations:
- Flexibility to work in a 24/7 environment, including weekends and holidays
- Ability to work onsite at one of the posted locations
- Position offers a hybrid work schedule
- Visa sponsorship is not available for this position
- Relocation assistance is not available for this position
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.
$159,000.00 - $305,000.00Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. VisitBenefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:
24 May 2026*Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visitDisability Inclusion at Wells Fargo.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
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About Wells Fargo
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Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune's 2022 rankings of America's largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy.
Industry
Finance and insurance
Company size
10,000+ Employees
Headquarters location
San Francisco, CA, US
Year founded
1852