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Operational Risk Manager Jobs in Ohio (NOW HIRING)

HR4Me

Risk Analyst

Cincinnati, OH · On-site

Enterprise & Project Risk Management * Identify and assess risks across active projects, pursuits, and corporate operations * Develop and maintain risk registers for major projects and business units

Medpace, Inc.

Credit and Risk Manager

Cincinnati, OH · On-site

Escalates highest risk customers to Executive management * Perform ad-hoc analysis of customer ... Identify and communicate potential policy and or operational improvements that will enhance credit ...

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Operational Risk Manager information

See Ohio salary details

$44.7K

$114.8K

$225.3K

How much do operational risk manager jobs pay per year?

As of Jul 10, 2026, the average yearly pay for operational risk manager in Ohio is $114,754.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,900.00 and $151,200.00 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 Ohio? The most popular types of Operational Risk jobs in Ohio are:
What are popular job titles related to Operational Risk Manager jobs in Ohio? For Operational Risk Manager jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Ohio look for? The top searched job categories for Operational Risk Manager jobs in Ohio are:
What cities in Ohio are hiring for Operational Risk Manager jobs? Cities in Ohio with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you

Risk Analyst

HR4Me

Cincinnati, OH • On-site

Full-time

Re-posted 19 days ago

Job description

Enterprise & Project Risk Management
  • Identify and assess risks across active projects, pursuits, and corporate operations
  • Develop and maintain risk registers for major projects and business units
  • Evaluate exposure related to project size, scope, delivery method, schedule, and geography
  • Support risk reviews during pursuit, preconstruction, and project kickoff phases

Contract & Legal Risk
  • Review owner contracts, subcontracts, and vendor agreements for risk exposure
  • Identify unfavorable terms related to indemnification, liquidated damages, warranties, insurance, bonding, and force majeure
  • Collaborate with legal counsel on contract negotiations and risk mitigation strategies
  • Track contractual risk trends and recommend policy improvements

Insurance & Claims Management
  • Coordinate with brokers on insurance placements (GL, WC, Auto, Builders Risk, Professional Liability, OCIP/CCIP)
  • Analyze loss runs, claims history, and deductible exposure
  • Support claims management, documentation, and resolution
  • Assist with renewals and insurer submissions

Financial & Operational Risk Analysis
  • Analyze project financial data to identify cost, margin, and cash flow risks
  • Monitor exposure related to change orders, productivity, escalation, and supply chain disruptions
  • Support forecasting and scenario modeling for large or complex projects
  • Partner with project controls and finance teams to identify early warning indicators

Safety & Compliance Risk
  • Collaborate with Safety and Operations teams to assess safety-related risks and trends
  • Analyze incident data and recommend corrective actions
  • Support regulatory compliance (OSHA, DOT, state/local requirements)
  • Assist in audits and compliance reporting

Reporting & Communication
  • Prepare risk reports and dashboards for executive leadership
  • Present risk findings and recommendations to senior management
  • Maintain risk policies, procedures, and documentation
  • Support continuous improvement of risk management frameworks

Qualifications:
Required
  • Bachelor's degree in Finance, Risk Management, Construction Management, Engineering, or related field
  • 3-7+ years of experience in risk analysis, construction finance, insurance, or project controls
  • Experience in construction, mechanical contracting, or industrial services preferred
  • Strong understanding of construction contracts and project delivery methods (DBB, DB, CM, EPC)
  • Proficiency in Excel; experience with ERP systems (e.g., Viewpoint, Procore, SAP, Oracle) a plus

Preferred
  • Professional certifications (ARM, CPCU, CRIS, PMP, or similar)
  • Experience with large, complex projects ($25M+)
  • Knowledge of union and non-union labor environments
  • Experience with OCIP/CCIP programs

Core Competencies
  • Risk assessment & mitigation
  • Contract analysis
  • Financial modeling and data analysis
  • Cross-functional collaboration
  • Executive-level communication
  • Attention to detail with big-picture perspective

Key Performance Indicators (KPIs)
  • Reduction in claims frequency and severity
  • Improved project margin protection
  • Timely identification of high-risk projects
  • Successful insurance renewals and audits
  • Accuracy and usefulness of risk reporting

Why Join Us
  • Opportunity to influence risk strategy at an enterprise level
  • Exposure to large-scale, complex mechanical construction projects
  • Direct interaction with executive leadership
  • Competitive compensation, bonus potential, and benefits

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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