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Operational Risk Manager Jobs in Virginia (NOW HIRING)

Mars

Operational Risk Manager

Mclean, VA · On-site

The Operational Risk Manager role is responsible for supporting the delivery and management of Mars Inc Operational Risk Programs such as Risk Engineering, Business Resilience, and other loss ...

Mars

Operational Risk Manager

Mclean, VA · On-site

The Operational Risk Manager role is responsible for supporting the delivery and management of Mars Inc Operational Risk Programs such as Risk Engineering, Business Resilience, and other loss ...

Mars

Operational Risk Program Analyst

Mclean, VA · On-site

This position is well suited for someone who can manage multiple priorities, collaborate across teams, and bring a structured approach to supporting Operational Risk programs. This position is ideal ...

Freddie Mac

Operational Risk Business Lead

Mclean, VA · On-site

$126K - $188K/yr

This is a unique opportunity to shape risk management practices, influence senior leaders, and ... As an Operational Risk Business Lead, you will: * Deliver independent oversight of Freddie Mac ...

Freddie Mac

Operational Risk Business Lead

Mclean, VA · On-site

$126K - $188K/yr

This is a unique opportunity to shape risk management practices, influence senior leaders, and ... As an Operational Risk Business Lead, you will: * Deliver independent oversight of Freddie Mac ...

Freddie Mac

Operational Risk Business Lead

Mclean, VA · On-site

This is a unique opportunity to shape risk management practices, influence senior leaders, and ... As an Operational Risk Business Lead, you will: * Deliver independent oversight of Freddie Mac ...

Mars

Operational Risk Program Analyst

Mclean, VA · On-site

This position is well suited for someone who can manage multiple priorities, collaborate across teams, and bring a structured approach to supporting Operational Risk programs. This position is ideal ...

Truist

Operational Risk Governance Analyst

Richmond, VA · On-site +1

Primary focus will be to manage Operational and Model Risk Operations as well as policy governance activities. 4. Execute processes that drive ORM reporting to ensure transparency of operational and ...

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Operational Risk Manager information

See Virginia salary details

$46.6K

$119.7K

$235K

How much do operational risk manager jobs pay per year?

As of Jul 29, 2026, the average yearly pay for operational risk manager in Virginia is $119,670.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,900.00 and $157,600.00 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 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 Virginia? The most popular types of Operational Risk jobs in Virginia are:
What are popular job titles related to Operational Risk Manager jobs in Virginia? For Operational Risk Manager jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Virginia look for? The top searched job categories for Operational Risk Manager jobs in Virginia are:
What cities in Virginia are hiring for Operational Risk Manager jobs? Cities in Virginia with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Virginia as of July 2026, with employment types broken down into 83% Full Time, 14% Part Time, 2% Temporary, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $119,670 per year, or $57.5 per hour.

Operational Risk Manager

Mars, Incorporated

Mclean, VA • On-site

Full-time

Medical, Dental, Retirement, PTO

Posted 8 days ago

Mars Inc. rating

7.7

Company rating: 7.7 out of 10

Based on 39 frontline employees who took The Breakroom Quiz

123rd of 434 rated food and drinks producers

Job description

Job Description:
The Operational Risk Manager role is responsible for supporting the delivery and management of Mars Inc Operational Risk Programs such as Risk Engineering, Business Resilience, and other loss prevention programs. This position will support the timely and effective delivery of all programs, across all Mars Segments globally, to ensure that Mars is identifying, quantifying and minimizing exposure to loss and business interruption.
Through close partnership and collaboration with internal stakeholders, external consultants, insurers, brokers, and risk engineering partners, this role supports the development and implementation of the Operational Risk Management strategy and long-term roadmap. The Operational Risk Manager will help drive governance, compliance, continuous improvement, and program effectiveness while fostering a culture of risk awareness and resilience throughout the organization.
What are we looking for?
  • Bachelor's degree in Engineering, Risk Management & Insurance, Health and Safety, or similar
  • Minimum of 5 years of experience in property loss prevention, risk engineering, operational risk management, insurance risk consulting, business continuity, or a related discipline
  • Experience with compliance, auditing, governance, and reporting processes
  • Experience managing external vendors, consultants, and service providers
  • Knowledge of property loss prevention principles, fire protection systems, business continuity planning, and risk management practices
  • Strong analytical and problem-solving skills with the ability to interpret risk data and identify trends
  • Demonstrated ability to manage multiple projects and priorities in a complex global environment
  • Strong communication and stakeholder management skills, with the ability to influence and collaborate across functions and levels of the organization
  • Ability to work effectively in a global, cross-functional environment and manage relationships with diverse stakeholders
  • Experience working within manufacturing, supply chain, warehousing, or industrial environments
  • Effective interpersonal skills and the ability to build effective internal and external relationships and collaborations
  • Proven ability at coordinating/integrating successful teams
  • Willingness and ability to travel domestically and internationally as required, estimated at approximately 20% of the time
  • Self-motivated, detail-oriented, and capable of working independently while maintaining a strong team-oriented mindset.
  • Proficiency in Microsoft Office applications, particularly Excel and PowerPoint; experience with risk management, audit, or data analytics platforms is a plus

What will your key responsibilities be?
Key responsibilities include managing global risk activities, monitoring program performance, managing third-party service providers, analyzing risk data and trends, coordinating audits and reviews, tracking remediation activities, and contributing to the development of standards, tools, and reporting that enhance Mars' operational resilience and risk maturity.
  • Support the ACM and BRM program deployment and administration. This includes managing the daily execution and delivery of operational risk programs
  • Seek opportunities to enhance and align current operational risk programs (including property loss prevention, resilience, and integrated audits) for future consolidation to increase overall efficiency, effectiveness, sustainability, and business benefit
  • Support global stakeholder groups and working with Associates across all Mars locations; managing critical program objectives and site compliance
  • Maintain general awareness, functional attentiveness and development/enhancement tracking of program technology and 'digital' initiatives to increase the efficiency and effectiveness of delivery and engagement of the operational risk programs
  • Support tracking of program budgets, vendor spend, and service utilization
  • Responsible for primary coordination with all service providers / third party business partners to ensure contractual compliance and continuing alignment with overall operational risk objectives and guidelines - global resource management and delivery support to include collaboration and quality control over all aspects of their development and deployment of products and activities
  • Participate in key meetings and discussions - responsible for program related data and information capture and record management
  • Support onboarding and integration of acquisitions into Mars Operational Risk programs, ensuring alignment with global standards and governance expectations
  • Develop and maintain a structured Operational Risk framework for external manufacturing, co-manufacturing, and co-packing partners supporting Mars operations globally

What can you expect from Mars?
  • Work with over 170,000 diverse and talented Associates, all guided by The Five Principles.
  • Join a purpose driven company, where we are striving to build the world we want tomorrow, today.
  • Best-in-class learning and development support from day one, including access to our in-house Mars University.
  • An industry competitive salary and benefits package, including company bonus.

The base pay range for this position at commencement of employment is between the range listed below, however, base pay offered may vary depending on multiple individualized factors, including but not limited to job-related knowledge, skills, and experience. The total compensation package for this position will include variable pay, medical and dental benefits, participation in 401k plan, and paid time off benefits. Details of participation in these benefit plans will be provided if an applicant receives an offer of employment.
The pay range shown is applicable to all US locations listed within the job posting:USD 86,720.00 - USD 119,240.00

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