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Operational Risk Manager Jobs in Utah (NOW HIRING)

Mira Home

Insurance & Risk Manager

Lindon, UT · On-site

At Mira Home, we're building a high-performance team focused on operational excellence, accountability, and growth. We are seeking a detail-oriented and proactive Insurance & Risk Manager to oversee ...

Morgan Stanley

Risk Officer - Vice President

Sandy, UT · On-site

The Business Control Unit (BCU) within Wealth Management Platforms Risk has core responsibilities including, but not limited to, operational risk management, incident management, risk acceptances ...

Medical University of South Carolina

... Operations * Maintains accurate, complete, and highquality data within the Risk Management ... Information System (RMIS). * Ensures timely entry, tracking, and updating of clinical events and ...

OMC

Risk Director

Salt Lake City, UT · On-site

As Risk Director, you'll lead the enterprise-wide risk management program -- from insurance ... Operations, helping Okland proactively identify, mitigate, and manage risks across all areas of the ...

OMC

Risk Director

Salt Lake City, UT

As Risk Director, you'll lead the enterprise-wide risk management program -- from insurance ... Operations, helping Okland proactively identify, mitigate, and manage risks across all areas of the ...

Russell Tobin

Operational Specialist

Salt Lake City, UT · On-site

$23/hr

... operational risk. You will collaborate with internal business partners, clients, and external stakeholders to manage the full trade settlement lifecycle and contribute to process improvement ...

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Operational Risk Manager information

See Utah salary details

$42.8K

$109.9K

$215.8K

How much do operational risk manager jobs pay per year?

As of Jul 9, 2026, the average yearly pay for operational risk manager in Utah is $109,887.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,900.00 and $144,700.00 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 Utah? The most popular types of Operational Risk jobs in Utah are:
What are popular job titles related to Operational Risk Manager jobs in Utah? For Operational Risk Manager jobs in Utah, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Utah look for? The top searched job categories for Operational Risk Manager jobs in Utah are:
What cities in Utah are hiring for Operational Risk Manager jobs? Cities in Utah with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Senior Risk Manager

Senior Risk Manager

The Church of Jesus Christ of Latter-day Saints

Salt Lake City, UT • On-site

Full-time

Posted yesterday

Church of Jesus Christ of Latter-day Saints rating

8.5

Company rating: 8.5 out of 10

Based on 78 frontline employees who took The Breakroom Quiz

3rd of 15 rated religious organizations

Job description


The Sr. Risk Manager provides expertise in insurance & risk management; loss prevention; claims management and other key risk management activities, for a significant real estate investment portfolio of commercial, residential and land properties, overseen by a large team of professional investment managers, specializing in asset management, construction, transactions, and supporting functions.
Responsibilities
Insurance & Risk Management
  • Advising: Responsible for advising and assisting senior management in incorporating risk management and insurance principles and practices in business operations and agreements while ensuring the risk management policies and strategies are in compliance with applicable regulations, contracts, and Federal/State laws. Oversee development of tools, practices, and policies to analyze and report to management regarding the status of enterprise risk.
  • Insurance Purchase and Management: Manage all aspects of the Company's insurance plans and programs (property, casualty, builder's risk, environmental, workers compensation, etc.). Prepare insurance applications, evaluate quotes and recommend coverages, premiums, and limits. Obtain insurance cost estimates to assist in underwriting potential property acquisitions. Oversee the development of portfolio and property specific insurance renewal budgets and manage the budget for risk management operational needs. Work directly with brokers and underwriters for new and existing insurance coverage within the United States and internationally. Oversee issuance and renewal of certificates of insurance where utilized.
  • Policies & Best Practices: Develop, implement, and promote insurance and risk management-related policies, procedures, and guidelines to create a comprehensive approach to identifying, prioritizing, and mitigating risks that could impact business objectives.

Loss Prevention
  • Develop and maintain loss control programs and advise operating units on implementation, considering type of property, geographical location, and claims history. Suggest risk mitigation strategies that are cost-effective. Utilize insurer loss prevention resources.

Claims Management
  • Claims: Manage all aspects of claims including receipt and review of all accident/incident reports. Report claims/incidents to the appropriate insurance carriers and claims adjusters. Effectively leverage third party administrators in adjusting claims and monitor their performance. File claims with responsible parties and negotiate settlements with insurers of tenants, vendors, and contractors. Manage and refine the claims reporting process with a focus on efficiency.
  • Litigation: Coordinate closely with legal counsel for proper determination of liability and resolution of litigated claims in multi-state environment. Manage subrogation efforts and legal costs.

Qualifications
  • Member of the Church of Jesus Christ of Latter-day Saints and currently temple worthy
  • Bachelor's degree in risk management and insurance, law, business, or related fields; advanced degree(s) and professional designation(s) a plus.
  • More than fifteen years of experience in one or more of the following areas: risk management, insurance, legal, and/or business management. Experience with risk management of investment properties strongly preferred
  • Significant understanding of the design and administration of insurance programs to mitigate property, casualty, builder's risk and environmental risk; experience with insurance policy pricing and renewals
  • Experience with the design and administration of loss control programs, risk management policies, procedures, and training programs
  • Proven history overseeing claims management programs/working effectively with third party claims adjusters, and evaluating insurance and indemnification provisions in legal agreements
  • Experience negotiating insurance, liability and indemnification provisions of various agreement types, including joint development agreements, property management agreements, and complex commercial contracts
  • Experience overseeing litigation matters and coordinating the work of outside litigation legal counsel preferred
  • Experience with construction insurance, performance and payment bonds, and subcontractor default insurance
  • Experience with creation and execution of Enterprise Risk Management programs. Proficiency in use of RMIS a plus
  • Exceptional analytical skills, organizational skills and attention to detail with proven history of taking initiative and driving projects forward
  • Excellent skills in MS Outlook, PowerPoint, Excel and Word

PR/IP
About Us
Church employees find joy and satisfaction in using their unique talents and abilities to further the Lord's work. From the IT professional who develops an app that sends the gospel message worldwide, to the facilities manager who maintains our buildings- giving Church members places to worship, teach, learn, and receive sacred ordinances-our employees seek innovative ways to share the gospel of Jesus Christ with the world. They are literally working in His kingdom.
Only members of the Church who are worthy of a temple recommend qualify for employment. Apart from this, the Church is an equal opportunity employer and does not discriminate in its employment decisions on any basis that would violate U.S. or local law.
Qualified applicants will be considered for employment without regard to race, national origin, color, gender, pregnancy, marital status, age, disability, genetic information, veteran status, or other legally protected categories that apply to the Church. The Church will make reasonable accommodations for qualified individuals with known disabilities.

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