ZipRecruiter

Log In

1

Operational Risk Manager Jobs in Virginia (NOW HIRING)

Freddie Mac

Operational Risk Business Lead

Mclean, VA · On-site

$126K - $188K/yr

Do you have strong experience in operational risk and controls, change management, and reporting, along with analytical and interpersonal skills and knowledge of Single-Family Acquisitions (SFA) or ...

Capital One

Risk Manager

Richmond, VA · On-site

Collaborate effectively with senior leadership across organizations such as Operational Risk Management, Compliance, Legal, Technology, Internal Audit, Regulatory Relations, etc. Basic Qualifications:

Capital One

Risk Manager

Mclean, VA · On-site

Collaborate effectively with senior leadership across organizations such as Operational Risk Management, Compliance, Legal, Technology, Internal Audit, Regulatory Relations, etc. Basic Qualifications:

Capital One

Principal Risk Manager

Mclean, VA · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business ... They will also evaluate current operations across the business to identify areas for enhancements.

Capital One

Principal Risk Manager

Richmond, VA · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business ... They will also evaluate current operations across the business to identify areas for enhancements.

Capital One

Principal Risk Manager

Richmond, VA · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business ... They will also evaluate current operations across the business to identify areas for enhancements.

Capital One

Principal Risk Manager

Mclean, VA · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business ... They will also evaluate current operations across the business to identify areas for enhancements.

Capital One

Principal Risk Manager

Richmond, VA · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business ... They will also evaluate current operations across the business to identify areas for enhancements.

Capital One

Principal Risk Manager

Mclean, VA · On-site

Principal Risk Manager The Principal Risk Specialist is responsible for performing business ... They will also evaluate current operations across the business to identify areas for enhancements.

next page

Showing results 1-20

All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Virginia

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 9, 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
Operational Risk Business Lead

Operational Risk Business Lead

Freddie Mac

Mclean, VA • On-site

$126K - $188K/yr

Full-time

Re-posted 13 days ago

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Continue your career journey where your work contributes to a greater purpose.

Position Overview:

Are you eager to make an impact in a fast-paced, agile environment? Do you have strong experience in operational risk and controls, change management, and reporting, along with analytical and interpersonal skills and knowledge of Single-Family Acquisitions (SFA) or mortgage markets?

If you are curious, passionate about learning, and customer-focused, apply for the Operational Risk Business Lead to help lead SFA Risk Management.

Our Impact:

The Single-Family Acquisitions Operational Risk team is responsible for working with management to effectively handle Operational Risk.

Your Impact:

In this role, you will work with SF Acquisitions business process owners to:

  • Lead risk assessment reviews and governance activities for significant changes

  • Create and prepare change management reporting for SFA

  • Support the business during the lifecycle of a significant change

  • Update and maintain all procedures, job aids and templates used within the change management process

  • Evaluate applicability of corporate standards and FHFA directives against initiatives

  • Challenge status quo. Identify opportunities to improve and streamline processes, including reporting and process automation.

  • Periodically participate in operational risk-related projects that impact the SF Acquisitions division.

Qualifications:

  • Minimum 8 years of relevant experience with a minimum of 3-4 years of operational risk management and/or audit experience

  • Bachelor's Degree or equivalent

  • Extensive experience with risks and controls

  • Strong Proficiency in MS Office Suite (Excel, PowerPoint, Word, Outlook)

  • Relationship Management skills including influencing others, facilitating meetings, engaging partners, building relationship networks, and resolving conflict

  • Relevant professional certifications (PMP, CPA, CISA, CIA, Six Sigma, etc.) are a plus

Keys to Success in this Role:

  • Results driven

  • Problem-solving, critical thinking, and analytical skills

  • Strong oral and written communication skills, including the ability to ask insightful questions

  • Naturally curious and passion for learning

  • Team player with a positive attitude

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $126,000 - $188,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.Employment Type: FULL_TIME
Freddie Mac logo

About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

View All Freddie Mac Jobs

Apply