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Operational Risk Manager Jobs in Michigan (NOW HIRING)

General Electric Company

Sr EHS Manager

Grand Rapids, MI · On-site

$79K - $108K/yr

The role is accountable for fixed facility EHS performance, operational risk reduction, regulatory ... Ensure effective management of facility-related environmental and safety risks, including chemical ...

GE Aerospace

Sr EHS Manager

Grand Rapids, MI · On-site

$76K - $103K/yr

The role is accountable for fixed facility EHS performance, operational risk reduction, regulatory ... Ensure effective management of facility-related environmental and safety risks, including chemical ...

Ohio Health

The framework should address both strategic and operational risks to include operations, compliance ... Knowledge of risk management processes, including the methods for assessing and managing risk.

AVB

Residential Operations Leader

Portage, MI · On-site

$210K - $240K/yr

Strong expertise in construction financials, estimating, procurement, scheduling, and operational risk management. * Experience implementing lean operating systems, PMOs, KPIs, procurement, and ...

Ilitch Companies

Risk & Finance Analyst

Detroit, MI · On-site

The Risk and Finance Analyst will play a critical role in supporting the operations and financial management of two captive insurance companies. This position is responsible for comprehensive risk ...

Ilitch Companies

Risk & Finance Analyst

Detroit, MI

The Risk and Finance Analyst will play a critical role in supporting the operations and financial management of two captive insurance companies. This position is responsible for comprehensive risk ...

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All JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Michigan

Operational Risk Manager information

See Michigan salary details

$41K

$105.2K

$206.6K

How much do operational risk manager jobs pay per year?

As of Jun 19, 2026, the average yearly pay for operational risk manager in Michigan is $105,206.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,100.00 and $138,600.00 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.
More about Operational Risk Manager jobs
What are the most commonly searched types of Operational Risk jobs in Michigan? The most popular types of Operational Risk jobs in Michigan are:
What are popular job titles related to Operational Risk Manager jobs in Michigan? For Operational Risk Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Michigan look for? The top searched job categories for Operational Risk Manager jobs in Michigan are:
What cities in Michigan are hiring for Operational Risk Manager jobs? Cities in Michigan with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Michigan as of June 2026, with employment types broken down into 89% Full Time, 7% Part Time, and 4% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $105,206 per year, or $50.6 per hour.
Compliance & Risk Management Director

Compliance & Risk Management Director

Muskegon Family Care

Muskegon, MI

Full-time

Retirement, PTO

Posted 9 days ago

Job description

Compliance amp; Risk Management Director
Muskegon Family Care
2201 S. Getty St.
Muskegon, MI 49444
FULL-TIME M-F 8 am- 5 pm
Muskegon Family Care is looking for a Full- Time Compliance amp; Risk Management Director to join our Supportive amp; Collaborative Team. Muskegon Family Care offers a competitive benefit package including, Paid Time Off, Holiday Pay, Vendor Discounts, Tuition Reimbursement up to $1,500 annually, and a 401K- safe harbor contribution, we match 100% up to 3% employee contribution: 50% for the next 2% employee contribution.
Student Loan Forgiveness: Working for Muskegon Family Care may allow you to participate in programs that forgive the balance of qualifying student loans. Information/eligibility is available from the U.S. Department of Education.
Position Overview
Under the guidance of the Chief Executive Officer and in collaboration with the MFC Board of Directors, the Compliance and Risk Management Officer is responsible for developing, implementing, and maintaining programs that ensure organizational compliance and effective risk mitigation. This includes identifying, assessing, and managing financial, operational, legal, and regulatory risks that could impact the organization’s performance or reputation. The officer ensures adherence to HIPAA, FTCA, CARF, and HRSA requirements, and directs the collection and analysis of data to meet compliance objectives. The position also oversees policy enforcement and contributes to improving staff and patient safety.
Essential Duties and Responsibilities
  • Develop, implement, and monitor the annual Health Care Risk Management Training Plan for all staff members based on identified areas and activities of the highest clinical risk for the health center (including, but not limited to, obstetrical procedures and infection control) and any non-clinical trainings appropriate for health center staff (including HIPAA medical record confidentiality requirements)
  • Complete an Annual Risk Management Report for the Board of Directors and key management staff.
  • Conduct risk assessments and develop risk mitigation strategies, policies, and procedures. Monitor and report on the effectiveness of those strategies.
  • Ensure proper incident tracking, peer review, root cause analysis, and facility monthly compliance and risk management committee meetings.
  • Communicate risk status and compliance updates to stakeholders and leadership.
  • Provide training and coaching to managers and staff on compliance and risk-related processes and emerging issues.
  • Document, analysis, and address breaches, clinically related complaints and “near misses” reported by employees, patients, and other individuals related to risk management goals.
  • Ensure that credentialing, privileging, and claims history reviews comply with FTCA and HRSA standards.
  • Maintain working knowledge of HRSA and MDHHS grant requirements and reporting obligations.
  • Build and maintain programs to ensure compliance with federal, state, and local regulations, including FTCA, HIPAA, and CARF standards.
  • Review and maintain all organizational contracts and Business Associate Agreements.
  • Monitor all employee-related incidents and accidents and ensure OSHA reporting and documentation compliance.
  • Collaborate with the Facilities Manager, HR Compliance Coordinator, and Security Administrator to update the Emergency Management Plan and related protocols.
  • Serve as the organization’s Privacy Officer and ensure compliance with HIPAA regulations.
  • Provide consultation to leadership and department heads regarding legal or regulatory changes.
  • Revise the compliance, risk, and privacy programs as needed to remain current with legal, regulatory, and ethical changes.
  • Review and propose changes to policies and procedures in accordance with system requirements.
  • Contribute to strategic planning and budget development as needed.
  • Support interdepartmental coordination and resolve compliance-related issues.
  • Perform all other duties as assigned.
HIPAA Privacy and Compliance
  • Identifies and assesses compliance risks and concerns.
  • Maintain monthly HIPAA compliance audit.
  • Cooperate with U.S Department of Health and Human Services (HHS) Office of Civil Rights (OCR)00 and other federal and state entities, in any privacy program audits, inquiries or investigations.
  • Serves as an internal subject matter expert on HIPAA, maintains current knowledge of HIPAA laws and regulations, and any other applicable federal and state privacy laws or regulations.
  • Ensures that the company is in overall compliance with HIPAA guidelines and directives.
  • Monitors entity operations, systems and employees for security compliance.
  • Ensure compliance with privacy practices and consistent application of sanctions for failure to comply with privacy policies for all individuals in the organizations workforce, extended workforce and for all business associates, in cooperation with Human Resources, the Security Official, administration and legal counsel as applicable.
  • Monitors the process for receiving, documenting, tracking, investigating, and acting on all complaints concerning the organization’s privacy policies and procedures in coordination and collaboration with other similar functions and, when necessary, legal counsel.
  • Drafts and disseminates the Privacy Notice required by the Privacy Rule.
  • Reviews all contracts under which access to confidential data is given to outside entities, bring those contracts into compliance with the Privacy Rule, and ensure that confidential data is adequately protected when such access is granted.
  • Conducts periodic privacy audits and takes remedial action as necessary.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Education and Licensure
  • Bachelor’s degree in business administration, public health, healthcare administration, nursing, or related field required.
  • Minimum five (5) years of experience in healthcare compliance or risk management, or equivalent combination of education and experience.
  • Certifications such as CHC (Certified in Healthcare Compliance) or CPHRM (Certified Professional in Healthcare Risk Management) preferred.
More about Muskegon Family Care:
MFC is a Federally Qualified Health Center that aims to improve the overall health and wellness of our community by promoting the physical, emotional and spiritual well-being of our families through comprehensive healthcare and other essential services. As a community health center, we provide a range of services far greater than an ordinary doctor's office. We develop programs and services to meet the changing needs of our community, together we create a healthier community.
We commit to serving our patient's and our staff through our ICARE values of innovation, within a compassionate environment for all, providing access to the care needed and treating all with great respect, and offering education opportunities that result in healthy outcomes. We are better together. Teamwork makes the Dreamwork.

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