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Operational Risk Manager Jobs in Maryland (NOW HIRING)

Aegon

Sr Risk Manager, GRC Systems

Baltimore, MD · On-site

Job Family Operational Risk About Us At Transamerica, hard work, innovative thinking, and personal ... The Senior Risk Manager, GRC Systems, will play a pivotal role in shaping how operational risk ...

Customer Value Partners

Risk Manager

Rockville, MD · On-site

... operations. * Develop guidance, templates, other tools, and advice to the program offices to ... Provide risk management and information security continuous monitoring program implementation ...

Customer Value Partners

Risk Manager

Rockville, MD

... operations. * Develop guidance, templates, other tools, and advice to the program offices to ... Provide risk management and information security continuous monitoring program implementation ...

Customer Value Partners

Risk Manager

Rockville, MD · On-site

$155K - $165K/yr

... operations. * Develop guidance, templates, other tools, and advice to the program offices to ... Provide risk management and information security continuous monitoring program implementation ...

Customer Value Partners

Risk Manager

Rockville, MD

... operations. * Develop guidance, templates, other tools, and advice to the program offices to ... Provide risk management and information security continuous monitoring program implementation ...

Mondo

Compliance & Risk Analyst

Owings Mills, MD · On-site

$30 - $34/hr

The ideal candidate has experience in technology audit, operational controls, and risk management within a financial services environment. Day-to-Day Responsibilities: * Triage and facilitate audit ...

Deloitte

Financial Risk Manager

Baltimore, MD

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

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Operational Risk Manager information

See Maryland salary details

$45.6K

$117.2K

$230K

How much do operational risk manager jobs pay per year?

As of Aug 9, 2026, the average yearly pay for operational risk manager in Maryland is $117,150.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,300.00 and $154,300.00 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 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.

More about Operational Risk Manager jobs
What are popular job titles related to Operational Risk Manager jobs in Maryland? For Operational Risk Manager jobs in Maryland, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Maryland look for? The top searched job categories for Operational Risk Manager jobs in Maryland are:
What cities in Maryland are hiring for Operational Risk Manager jobs? Cities in Maryland with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Maryland as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $117,150 per year, or $56.3 per hour.

Sr Risk Manager, GRC Systems

Aegon

Baltimore, MD • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago

Job description

Job Family

Operational Risk

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment - one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them.

We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good - for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.

Job Description Summary

As Transamerica continues to strengthen and evolve its Operational Risk Management (ORM) program, we are creating a new position to drive the next phase of our Governance, Risk, and Compliance (GRC) technology, data, and risk infrastructure capabilities. The Senior Risk Manager, GRC Systems, will play a pivotal role in shaping how operational risk information is captured, governed, integrated, and leveraged across the enterprise.
This highly visible role will lead the strategic direction and evolution of Transamerica's GRC platforms and data governance capabilities, ensuring they effectively support core risk processes and enable consistent, decision-useful risk information. The successful candidate will partner closely with business leaders, Technology, Compliance, Finance, Audit and Risk professionals to enhance risk management capabilities, improve data quality and reporting, and strengthen the overall effectiveness of the enterprise risk management framework.
This position offers a unique opportunity to help shape a growing function, influence the future of Transamerica's risk management and data strategy, and contribute to the continued maturity of Operational Risk Management and Enterprise Risk Management capabilities across the organization.

Job Description

Job Description

  • Provide end-to-end ownership and strategic direction for Transamerica's GRC platforms, including roadmap development and execution.
  • Lead integration of the GRC platform with enterprise systems (finance, control, and reporting environments) to enable seamless risk data flow.
  • Ensure the platform effectively supports core risk processes, including process risk assessments, risk events, issues and actions, KRIs, and reporting.
  • Establish and enforce strong data governance, control, and auditability standards to support regulatory and internal audit readiness.
  • Oversee GRC vendor management, system enhancements, and change governance, ensuring stability and continuous improvement of the platform.
  • Drive enterprise-wide adoption and consistent application of the GRC platform and risk taxonomy across all risk processes and systems.
  • Ensure full alignment of the GRC platform and taxonomy with Transamerica's ERM Framework and governance requirements.
  • Define and execute a risk data strategy, delivering consistent, reliable, and decision-useful data with enhanced aggregation and analytics capabilities.
  • Support executive-level reporting and insights, including dashboards and analysis of risk trends, control effectiveness, and issue remediation.
  • Serve as a trusted advisor and strategic partner across the lines of defense, driving alignment, capability uplift, and continuous improvement in risk practices.
  • Serve as a trusted advisor and strategic partner across the lines of defense, driving alignment, capability uplift, and continuous improvement tooling and non-financial risk infrastructure

Qualifications

  • Bachelor's degree in business, finance, or related field
  • 10 years of experience in operational risk, enterprise risk management, or governance, risk and compliance
  • Experience managing enterprise GRC platforms and risk data frameworks
  • Extensive knowledge of ERM frameworks and regulatory expectations
  • Extensive knowledge of operational risk processes, including risk and control self-assessments, risk events, issues management, and key risk indicators
  • Extensive knowledge of risk taxonomy design and governance
  • Ability to influence stakeholders and communicate effectively across business and functional areas

Preferred Qualifications

  • Demonstrated leadership experience managing enterprise GRC platforms and risk data frameworks.
  • Strong knowledge of:
    • ERM frameworks and regulatory expectations
    • Operational risk lifecycle (RCSA, issues, events, KRIs)
    • Risk taxonomy design and governance
  • Master's degree or professional certification (e.g., FRM, PRM, CPA)
  • Experience in the insurance or financial services industry
  • Professional Risk Manager (PRM)
  • Certified Public Accountant (CPA)
  • Certified Internal Auditor (CIA)
  • Certified Information Systems Auditor (CISA)

Compensation

The salary for this position generally ranges between$150,000 - $180,000 annually.Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors includingqualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus of 25% based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.

Working Conditions

  • This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore or Denver).
  • Relocation assistance will not be provided for this position

Disclaimer:

Beware of fake job offers!

We've been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

  • We will never request personal information such as ID or payment for equipment upfront.
  • Official offers are sent via DocuSign following a verbal offer-not through text or email.

#LI-HR1

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

  • Competitive Pay

  • Bonus for Eligible Employees

Benefits Package

  • Pension Plan

  • 401k Match

  • Employee Stock Purchase Plan

  • Tuition Reimbursement

  • Disability Insurance

  • Medical Insurance

  • Dental Insurance

  • Vision Insurance

  • Employee Discounts

  • Career Training & Development Opportunities

Health and Work/Life Balance Benefits

  • Paid Time Off starting at 160 hours annually for employees in their first year of service.

  • Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

  • Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

  • Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

  • Adoption Assistance

  • Employee Assistance Program

  • Back-Up Care Program

  • PTO for Volunteer Hours

  • Employee Matching Gifts Program

  • Employee Resource Groups

  • Inclusion and Diversity Programs

  • Employee Recognition Program

  • Referral Bonus Programs

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We're thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica's Parent Company

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.

* As of December 31, 2023

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