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$44.7K

$114.9K

$225.5K

How much do operational risk manager jobs pay per year?

As of Jun 19, 2026, the average yearly pay for operational risk manager in Indiana is $114,859.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,900.00 and $151,300.00 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 helps ensure organizational resilience and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and mitigates risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop risk management frameworks, monitor key risk indicators, and ensure compliance with regulations to protect the organization’s assets and reputation.

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 benefits. Certifications like FRM or ORM can enhance earning potential in this field.

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 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.

What are the 5 steps of orm?

In operational risk management (ORM), the five key steps are: identifying risks, assessing their likelihood and impact, implementing controls to mitigate risks, monitoring the effectiveness of these controls, and reviewing and improving the risk management process regularly. These steps help operational risk managers proactively manage potential threats to an organization’s operations.
What are the most commonly searched types of Operational Risk jobs in Indiana? The most popular types of Operational Risk jobs in Indiana are:
What are popular job titles related to Operational Risk Manager jobs in Indiana? For Operational Risk Manager jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Indiana look for? The top searched job categories for Operational Risk Manager jobs in Indiana are:
What cities in Indiana are hiring for Operational Risk Manager jobs? Cities in Indiana with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Indiana as of June 2026, with employment types broken down into 87% Full Time, 10% Part Time, and 3% Contract. Highlights an 90% Physical, 4% Hybrid, and 6% Remote job distribution, with an average salary of $114,859 per year, or $55.2 per hour.
Materials Planning & Supplier Operations Manager

Materials Planning & Supplier Operations Manager

Lancesoft

Indianapolis, IN • On-site

$55 - $62.50/hr

Full-time

Posted 6 days ago


Job description

Job Description
Job Title: Materials Planning & Supplier Operations Manager
Onsite: Indianapolis
Pay rate: per hour (lowest would be better)
Job Purpose:
The Manager, Materials Planning & Supplier Operations is accountable for ensuring end to end material and service availability required to support safe, compliant, and uninterrupted manufacturing operations at the Indianapolis manufacturing campus.
This role integrates material planning, purchasing execution, supplier performance management, and site procurement for services and capital investments (CAPEX). The position plays a critical role in translating demand and investment needs into executable supply and sourcing strategies, improving planning stability, safeguarding production continuity, and enabling disciplined capital deployment across the site.
The role is designed to operate effectively in a complex, multi technology manufacturing environment and to scale with evolving operational scope.
Major Accountabilities
Materials Planning & MRP Governance
Own site level materials planning execution, ensuring effective use of MRP logic, parameters, and planning calendars across operations.
Drive time phased, exception based material planning to reduce replanning, manual overrides, and reactive purchasing.
Lead root cause analysis for material driven production disruptions, including shortages, supplier constraints, and planning inaccuracies.
Partner with Production Planning to ensure material feasibility is embedded in executable production schedules.
Procurement Execution Materials, Services & CAPEX
Own end to end procurement execution for Direct and indirect production materials, Site based services supporting manufacturing operations, Capital equipment and infrastructure (CAPEX).
Ensure purchasing activities are compliant with global sourcing strategies, financial controls, and procurement policies.
Provide governance and prioritization for CAPEX sourcing activities, ensuring alignment with project timelines, technical requirements, and budget constraints.
Directly manage a dedicated CAPEX buyer, providing oversight, prioritization, and development.
Supplier Performance & Risk Management
Own site level supplier performance for materials, services, and CAPEX, including delivery reliability, responsiveness, and issue resolution.
Proactively identify and escalate supply, capacity, or commercial risks impacting production continuity or capital delivery.
Drive corrective actions with suppliers, Engineering, Quality, and Global Procurement partners.
Inventory Health & Asset Protection
Actively manage inventory risk, including excess, expired, blocked, slow moving, and obsolete materials.
Define coverage strategies and safety stocks aligned with criticality, lead times, and operational risk profiles.
Support working capital optimization while protecting operational continuity.
Cross Functional & Governance Leadership
Serve as the site owner for material readiness and procurement performance discussions in execution and escalation forums.
Provide credible inputs into site S&OP processes, including material, supplier, and capacity risk scenarios.
Establish and continuously improve planning, procurement, and supplier governance standards, KPIs, and ways of working across the site.
Act as a capability builder for planners and buyers, reinforcing planning discipline, structured problem solving, and accountability.
Compliance & Data Integrity
Ensure full compliance with GMP, SOX, financial controls, and procurement governance, including documentation and audit readiness.
Maintain high data quality in ERP systems (D365, SAP), including material masters, purchasing info records, lead times, and planning parameters.
Key Performance Indicators
Supply & Execution
Production schedule adherence attributable to material readiness
Number and severity of material or supplier driven production disruptions
Supplier OTIF / delivery confirmation adherence
Planning Stability
Replanning frequency caused by material or supplier constraints
MRP exception aging and resolution speed
Planning parameter adherence (lead times, safety stocks)
Procurement & CAPEX
CAPEX sourcing cycle time vs. Project milestones
Compliance to procurement and financial controls
Quality and timeliness of supplier issue resolution
Inventory & Cost
Inventory value vs. Target by material class
Inventory write offs / expiry
Expedite, premium freight, and unplanned procurement costs
Direct and Indirect Annual Budget managed effectively
Specific Professional Competencies
Technical / Functional
Strong mastery of MRP, materials planning, and purchasing execution
Pharmaceutical industry and GMP environment knowledge
Proven experience managing services procurement and capital sourcing
Supplier performance and risk management in regulated manufacturing
SAP MM / PP proficiency;strong data discipline
Leadership & Operating Model
Ability to operate across multiple operational interfaces (Manufacturing, Engineering, Quality, Finance)
Structured decision making under operational pressure
Experience managing direct reports with distinct execution scopes (e.G., CAPEX)
Behavioral
Ownership mindset with bias for prevention over reaction
Clear, concise communication with technical and senior stakeholders
Continuous improvement and standardization orientation
Analytic thinker and problem solver.
Sense of priorities and capacity to work under pressure
Education:
Bachelor s degree in Supply Chain, Engineering, Business, or related field. Professional certification (CPIM, CSCP, PMP), or MBA is preferred
Languages: English fluency required
Experiences:
+5 years progressive experience in materials planning and procurement, in pharmaceutical manufacturing supply operations. Knowledge of nuclear medicine industry, including industry-specific supply chain challenges is a plus.
Proven experience in driving Operational Excellence initiatives, including implementing systems and processes that enhance efficiency, quality, and cost optimization.
Demonstrated ownership of end to end procurement execution, including suppliers, services, and/or capital equipment
Proven ability to scale processes, governance, and teams as operational scope increases
Highly proficient in organizational skills, with a strong orientation toward process management and project management to ensure seamless execution of supply chain activities.
Exceptional interpersonal and communication skills, with the ability to build strong relationships and collaborate effectively across diverse teams and stakeholders.
Preferred
Exposure to capital project environments
Experience supporting multiple manufacturing technologies or processes
Participation in site transformation or growth initiatives
Note: Regarding the flexibility due to a 24/7 operation, while this is a 40 h/wk job, there is flexibility required as the production site works 7 days a week.
Meet Your Recruiter
Ritika Daga

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About LanceSoft

Sourced by ZipRecruiter

Established in 2000, LanceSoft is a Certified MBE and Woman-Owned organization. Lancesoft Inc. is one of the highest rated companies in the industry. We have been recognized as one of the Largest Staffing firms and ranked in the top 50 fastest Growing Healthcare Staffing firms in 2022. Lancesoft offers short- and long-term contracts, permanent placements, and travel opportunities to credentialed and experienced professionals throughout the United States. We pride ourselves on having industry leading benefits. We understand the importance of partnering with an expert who values your needs, which is why we're 100% committed to finding you an assignment that best matches your career and lifestyle goals. Our team of experienced career specialists takes the time to understand your needs and match you with the right job Lancesoft has been chosen by Staffing Industry Analysts as one of the Best Staffing Firms to Work for.LanceSoft specializes in providing Registered Nurses, Nurse Practitioners, LPNs/LVNs, Social Workers, Medical Assistants, and Certified Nursing Assistants to work in Acute Care Centers, Skilled Nursing Facilities, Long-Term Care centers, Rehab Facilities, Behavioral Health Centers, Drug & Alcohol Facilities, Home Health & Community Health, Urgent Care Clinics, and many other provider-based facilities.

Industry

Recruiting and staffing services

Company size

1,001 - 5,000 Employees

Headquarters location

Herndon, VA, US

Year founded

2000

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