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Operational Risk Manager Jobs in Missouri (NOW HIRING)

Coxhealth

Clinical Risk Manager

Springfield, MO · On-site

Working in partnership with clinical and operational leaders, the Clinical Risk Manager recommends and supports the implementation of sustainable risk reduction initiatives aligned with the ...

Coxhealth

Liability Risk Manager

Springfield, MO

The Liability Risk Manager leads complex and high-exposure matters; assesses legal liability ... Familiarity with healthcare operations, clinical risk, and patient safety principles. * Excellent ...

CoxHealth

Liability Risk Manager

Springfield, MO · On-site

The Liability Risk Manager leads complex and high-exposure matters; assesses legal liability ... Familiarity with healthcare operations, clinical risk, and patient safety principles. * Excellent ...

CoxHealth

Clinical Risk Manager

Springfield, MO · On-site

Working in partnership with clinical and operational leaders, the Clinical Risk Manager recommends and supports the implementation of sustainable risk reduction initiatives aligned with the ...

CoxHealth

Clinical Risk Manager

Springfield, MO

Working in partnership with clinical and operational leaders, the Clinical Risk Manager recommends and supports the implementation of sustainable risk reduction initiatives aligned with the ...

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Operational Risk Manager information

See Missouri salary details

$44.1K

$113.2K

$222.3K

How much do operational risk manager jobs pay per year?

As of Jul 10, 2026, the average yearly pay for operational risk manager in Missouri is $113,222.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,900.00 and $149,100.00 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 is essential for effective risk oversight and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, ensure compliance with regulations, and often use risk management tools and data analysis to support decision-making.

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 certifications like FRM or ORM enhancing earning potential.

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 three C's of operational risk management?

The three C's of operational risk management are Culture, Controls, and Communication. These elements help organizations identify, assess, and mitigate risks effectively, which is essential for an Operational Risk Manager to ensure operational resilience and compliance. Developing strong controls and fostering a risk-aware culture are key skills in this role.

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 the most commonly searched types of Operational Risk jobs in Missouri? The most popular types of Operational Risk jobs in Missouri are:
What are popular job titles related to Operational Risk Manager jobs in Missouri? For Operational Risk Manager jobs in Missouri, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Missouri look for? The top searched job categories for Operational Risk Manager jobs in Missouri are:
What cities in Missouri are hiring for Operational Risk Manager jobs? Cities in Missouri with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Clinical Risk Manager

Clinical Risk Manager

Coxhealth

Springfield, MO • On-site

Full-time

Medical, Dental, Vision, Retirement

Re-posted 12 days ago

CoxHealth rating

6.6

Company rating: 6.6 out of 10

Based on 229 frontline employees who took The Breakroom Quiz

562nd of 880 rated healthcare providers

Job description

Facility:

CoxHealth South: 3801 S National Ave, Springfield, Missouri, United States of America, 65807

Department:

1742 Risk Management

Scheduled Weekly Hours:

40

Hours:

8:00 AM - 5:00 PM

Work Shift:

Day Shift (United States of America)

CoxHealth is a leading healthcare system serving 25 counties across southwest Missouri and northern Arkansas. The organization includes six hospitals, 5 ERs, and over 80 clinics. CoxHealth has earned the following honors for workplace excellence:

  • Named one of Modern Healthcare's Best Places to work five times.
  • Named one of America's Greatest Workplaces by Newsweek.
  • Recognized as a Greatest Workplace for Women in both 2023 and 2024.
  • Listed as one of the Greatest Workplaces for Diversity in 2024.
  • Acknowledged by Forbes as one of the Best Employers for New Grads.
  • Ranked among the Best Employers by State for Missouri.
  • Healthcare Innovation'sTop Companies to Work for in Healthcare in 2025.

Benefits

  • Medical, Vision, Dental, Retirement Plan with employer match, and many more!
  • For a comprehensive list of benefits, please click here:Benefits | CoxHealth

Job Description:

The Clinical Risk Manager reports to the Administrative Director of Insurance and Risk Management and is responsible for identifying, investigating, analyzing, and mitigating clinical risk across the healthcare system. This role conducts comprehensive investigations of adverse medical events to assess potential liability exposure, identify contributing factors and system vulnerabilities, and detect trends impacting patient safety and quality of care. The Clinical Risk Manager supports the management of claims and litigation by developing factual analyses, coordinating with internal stakeholders, and providing risk-based insights.
The Clinical Risk Manager collaborates closely with Legal, Patient Safety, Regulatory Affairs, Medical Staff Quality, Compliance, Patient Experience, Security, Patient Financial Services, clinical partners, and leadership to reduce organizational risk and promote high-quality, safe care. Responsibilities include investigating and responding to adverse events, patient grievances, and billing disputes; participating in multidisciplinary case reviews and committees; and contributing to systemwide initiatives focused on patient safety, quality improvement, and risk reduction.
In addition, the Clinical Risk Manager plays a key role in risk education and prevention by providing consultation and education to providers, clinical staff, leaders, and interdisciplinary teams. The role proactively analyzes data, trends, and emerging risks related to patient safety and professional liability, and develops and implements targeted risk mitigation and educational strategies. Working in partnership with clinical and operational leaders, the Clinical Risk Manager recommends and supports the implementation of sustainable risk reduction initiatives aligned with the organization's mission, values, and strategic goals.
  • Education:
    • Required: Bachelor's Degree in Nursing
  • Experience:
    • Required: 5 years of clinical experience
    • Preferred: Experience in clinical risk management, claims management, patient safety, or a related healthcare quality role.
  • Skills:
    • Strong clinical judgment and critical thinking skills.
    • Excellent assessment, investigation, and analytical skills.
    • Excellent written and verbal communication skills.
    • Skilled in active listening and use of effective interview techniques.
    • Ability to collaborate across disciplines and levels of the organization.
    • Ability to develop and deliver effective educational content.
    • Ability to manage sensitive and confidential information with discretion.
  • Licensure/Certification:
    • Required: RN license
    • Preferred: CPHRM, ARM, CPCU, CPHQ

What CoxHealth employees say

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