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Operational Risk Manager Jobs in Virginia (NOW HIRING)

The Risk Manager reports directly to the Director, Risk Management and Insurance Operations. Responsibilities and Duties * Provides risk management services to UVA Community Health facilities, team ...

The Risk Manager will identify, assess, and mitigate potential risks that could impact the company ... Identify and track subcontractor flow-down insurance requirements to support estimating, operations ...

The Risk Manager will identify, assess, and mitigate potential risks that could impact the company ... Identify and track subcontractor flow-down insurance requirements to support estimating, operations ...

The Risk Manager will identify, assess, and mitigate potential risks that could impact the company ... Identify and track subcontractor flow-down insurance requirements to support estimating, operations ...

The Risk Manager will identify, assess, and mitigate potential risks that could impact the company ... Identify and track subcontractor flow-down insurance requirements to support estimating, operations ...

Our services span from initial planning and investment, through start-up and operations. Core to ... This Project Risk Manager role is a senior role responsible for managing the project risk ...

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The Risk Manager will identify, assess, and mitigate potential risks that could impact the company ... Identify and track subcontractor flow-down insurance requirements to support estimating, operations ...

Lead Risk Specialist

Richmond, VA · On-site

$97K/yr

Audit-Ready Operations: Foster a culture of proactive risk awareness, helping manage horizontal routines to ensure the business is continuously audit-ready. * Cross-Functional Collaboration: Partner ...

New

Lead Risk Specialist

Mclean, VA · On-site

$99K/yr

Audit-Ready Operations: Foster a culture of proactive risk awareness, helping manage horizontal routines to ensure the business is continuously audit-ready. * Cross-Functional Collaboration: Partner ...

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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 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.

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:
Risk Manager

Other

Posted 6 days ago


UVA Health rating

7.1

Company rating: 7.1 out of 10

Based on 184 frontline employees who took The Breakroom Quiz

376th of 880 rated healthcare providers


Job description

Risk Manager

Job Code: RM1505

ABOUT US

We are ushering in a new era of healthcare where achieving good health is just the beginning. At UVA Community Health, part of the world-class UVA Health academic health system, we are committed to caring for the whole person by building meaningful connections with our patients in the local setting of UVA Health's community hospitals, outpatient locations, and provider offices. By combining our team's talent and expertise, the breadth of capabilities across the entire UVA Health system, and our dedication to community wellness, we are bringing expert care close to home.

 As a member of the UVA Community Health team, individuals contribute to patient care decisions, support advanced medical technologies, and experience the satisfaction of making a difference in people's lives every day.

JOB TYPE

Classification: Exempt

Supervises Positions: No

JOB SUMMARY

The Risk Manager is responsible for providing proactive identification, assessment, mitigation, and monitoring of risks across UVA Community Health. The Risk Manager partners with stakeholders across functions to proactively identify risks, escalate identified risks, and develop and support implementation of risk mitigation strategies. Additionally, the Risk Manager supports risk initiatives and strategy across UVA Community Health through education and other program development. The Risk Manager reports directly to the Director, Risk Management and Insurance Operations. 

Responsibilities and Duties

  • Provides risk management services to UVA Community Health facilities, team members, and functions as assigned; 
  • Identifies risks proactively and conducts risk assessments and analyses, incident investigations, and other root cause analyses, while escalating identified risks appropriately;
  • Uses incident, complaint, and claims-related information to identify trends and support risk mitigation efforts;
  • Develops and provides education on various risk-related topics and trends to various stakeholders across UVA Community Health; 
  • Develops risk workflows and process standardization efforts across UVA Community Health;
  • Collaborates and works with representatives from various departments to address identified risks and develop risk mitigation and management strategies; 
  • Supports claims reporting to ensure timely reporting of potential or pending claims to insurance carriers;
  • Supports claims defense as assigned, including by interfacing with external and internal legal counsel and insurance claims representatives;
  • Drafts and reviews policies, processes, and procedures that support risk mitigation and strategy;
  • Maintains collaborative and cooperative relationships among UVA Community Health, UVA Health, and related entities; 
  • Participates in professional development activities and maintains professional affiliations;
  • Completes other projects and tasks as assigned by the Director of Risk Management and Insurance Operations.

Competencies:

  • Demonstrates critical thinking and problem-solving skills.
  • Breaks down problems and issues into sub-components and assesses the benefits and risks of various options and identifies recurring patterns, trends, and/or vulnerabilities. 
  • Gathers relevant facts, records, and witness input and develops accurate timelines.
  • Uses appropriate investigative methods.
  • Applies appropriate regulatory, legal, and compliance framework.
  • Demonstrates a high level of independence and accountability to directly manage and lead assigned projects.
  • Demonstrates effective written and oral communication skills.
  • Actively listens, provides constructive feedback, and demonstrates respect for differing views.
  • Tailors communications to diverse audiences and maintains good working rapport with various stakeholders.
  • Translates risk concerns into practical operational recommendations.
  • Handles sensitive and confidential conversations with discretion and professionalism.
  • Builds trusted partnerships with key stakeholders.
  • Works constructively with various stakeholders and within the Risk team, including by seeking input from relevant disciplines and stakeholders.
  • Participates effectively in coordinated team responses to support risk identification and mitigation strategies.
  • Works collaboratively with other stakeholders and influences change.
  • Understands the importance of quality service and meeting the needs of stakeholders.
  • Adjusts and adapts service delivery to diverse customer needs and sensitivities.
  • Demonstrates strong organizational and time management skills.
  • Updates professional skills by participating in educational opportunities annually.
  • The incumbent may be asked to perform additional duties as assigned.

QUALIFICATIONS

Education: 4 Year/Bachelor's Degree required - BSN or comparable clinical degree. 

Experience: Minimum of 5 years of clinical experience. Minimum of 3 years of experience in risk management, quality, clinical operations, or healthcare leadership preferred. Experience in acute care hospital setting and related service lines preferred. Refer to the Life Support Training Policy for additional details.

Licensure: RN or other clinical certification or licensure in applicable state required.

Additional Skills/Requirements Required: Strong computer skills in Microsoft Office suite, including Outlook, Word, Excel, and Power Point. 

Additional Skills/Requirements Preferred: Epic experience preferred. Certified Professional in Healthcare Risk Management (CPHRM) or willingness to obtain certification preferred. 

PHYSICAL DEMANDS

Physical Demand Code:

Sedentary to Light Physical Demand: The job requires frequent sitting, standing, walking, and bending/stooping. Frequent repetitive body movements. Proficient communicative, auditory, and visual skills. Attention to detail and ability to write legibly. Ability to lift/push/pull up to 20 lbs. occasionally. This job description may not include all assigned duties, responsibilities, or aspects of the job described. It may be amended at any time at the sole discretion of UVA Community Health.

OTHER

May require the use of safety equipment, such as HEPA mask, for infection prevention: Yes

On call responsibilities as directed: No

Ability to travel between campus buildings, remote facilities, and out of town as needed: Yes

The base compensation range for this role is  $43.16  - $72.89 hourly.

Individual compensation will be determined by the selected candidate's qualifications, previous work experience, and/or education.  Please note that the pay range does not include any applicable incentive compensation programs such as shift differentials, clinical ladders, and other incentives that may be available for those in eligible positions.


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