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Operational Risk Manager Jobs in Wisconsin (NOW HIRING)

... operational risk management - Building relationships through active listening and communication skills Travel Requirements Up to 20% Job Posting End Date The salary range for this position is: $91 ...

Establish operational risk management frameworks across all strategic events * Partner closely with Security, Legal, Risk Management, Travel, and executive stakeholders to ensure appropriate planning ...

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Operational Risk Manager information

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$47.4K

$121.8K

$239.2K

How much do operational risk manager jobs pay per year?

As of Jul 7, 2026, the average yearly pay for operational risk manager in Wisconsin is $121,834.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,200.00 and $160,500.00 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 Wisconsin? The most popular types of Operational Risk jobs in Wisconsin are:
What are popular job titles related to Operational Risk Manager jobs in Wisconsin? For Operational Risk Manager jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Wisconsin look for? The top searched job categories for Operational Risk Manager jobs in Wisconsin are:
What cities in Wisconsin are hiring for Operational Risk Manager jobs? Cities in Wisconsin with the most Operational Risk Manager job openings:

Risk Management Lead - Construction

Turner & Townsend

Milwaukee, WI • On-site

Full-time

Posted 23 days ago


Job description

Company Description

From the inception of a project through to completion and beyond, Turner & Townsend help to deliver the outcomes that matter through transformational projects covering the full spectrum of consultancy, project delivery and post-project operations. 

With offices located globally, you're never far away from our services. With over 22,000 specialists in more than 60 countries, we blend local knowledge with global insight to tackle challenges of any scale.   

Our team is dynamic, innovative and client-focused, supported by an inclusive and fun company culture. Our clients value our proactive approach, depth of expertise, integrity and the quality we deliver. As a result, our people get to enjoy working on some of the most exciting projects in the world. 

Turner & Townsend is seeking a risk analyst with a background in life sciences facilities projects to join our team to support project management function on a large-scale project. The ideal individual will have a proven track record of successfully delivering construction project control services.

Job Description

Turner & Townsend seeks a Risk Management Lead to join our team to lead risk management services for key client accounts and support the growth of risk management services for our business.

Responsibilities:

  • Maintain visibility of threat/opportunity trigger points to facilitate risk cost profiling, timely drawdown of risk budget or retirement of threat/opportunity. 
  • Use risk data to inform investment planning.  
  • Monitor overall risk exposure and assess against the remaining risk budget. 
  • Work with contractors to assess contractor held risks and their views on client held risks that impact upon them.  
  • Produce risk reports as required, in a timely manner, to support the effective communication of threat & opportunity status.  
  • Conduct quantitative risk assessment (cost and schedule) to inform project contingency levels. 
  • Ensure thedelivery ofbest practice risk management activities and report to the Head of Department. 
  • Initiate a proactive approach to the review, development and improvement of the risk management service to the client. 
  • Undertake end-to-end project risk management practice on multiple projects/programs. 
  • Undertake the creation of risk management plans and processes in adherence to client requirements, processes, policies and frameworks. 
  • Lead workshops with a broad range of internal and external stakeholders.  
  • Conduct risk reviews at regular intervals, identify and analyze, determine response plans, ensure that project and program risk profiles are being monitored and reported. 
  • Lead and run a comprehensive schedule and cost qualitative risk assessment (QCRA & QSRA) process is delivered. 
  • Establishintegration of the risk management function within the program and project controls team, with direct touch points to cost and schedule management, change control, and reporting. 
  • Work proactively and collaboratively with program and project control teams so as to eliminate redundancies and identify opportunities for improvement. 
  • Provide opportunities to facilitate the transfer of knowledge within the immediate risk team, to the greater project controls team and to the client. 
  • The transfer of knowledge may include informal one-one-one discussions with client stakeholders and more formal presentations to clients and colleagues. 
  • Create value stream mapping to quantify pain points and develop solutionsto minimize waste (both in terms of speed and cost). 
  • Create improved operating procedures and best practices for wider use in the client organization to reduce turnaround times, amendments and queries. 
  • Aligns recommendations to the respective needs of each project, delivery type, contract models and phase of contract negotiation. 
  • Collaborate on the supplier performance management program including the collection of performance metrics and tracking of supplier improvement action plans. 
  • Demonstrate a level of support to expert witnesses in arbitral or ligation processes. 
  • Lead, manage, and carryout construction stage contract and claims management. 
  • Provide strategic, critical and professional advice on contractual issues. 
  • Carry out assessment of contractual claims in accordance with the contract. 
  • Provide strategic and contractual advice on disputes and related resolution issues. 
  • Evaluate delay recovery measures. 
  • Carry out change management and construction stage cost control. 
  • Supervise the measurement and valuation of completed works and variations. 
  • Manage the settlement of final accounts with contractors. 
  • Perform all other pertinent contract management and administration tasks with a view to achieving project completion on time and within budget. 
  • Prepare and support bid proposals and work closely alongside Senior Management and the wider Turner & Townsend team. 
  • SOX control responsibilities may be part of this role, which are to be adhered to where applicable. 
Qualifications
  • Bachelor's degree in construction management, cost management, quantity surveying, engineering or field related to construction. 
  • Graduate degree in quantity surveying, cost management, construction management, or engineering is preferred. 
  • 10+ years of relevant risk management or risk program controls experience. 
  • 2+ years managing high performing risk management services and teams in a consulting environment. 
  • Deep knowledge and experience with risk identification facilitation and techniques. 
  • Strong communication, analytical and negotiation skills. 
  • Has conducted risk management training sessions. 
  • In-depth understanding of construction contracts, commercials models and delivery methods. 
  • Proficient in process mapping, root causes analysis, problem solving, and value-stream mapping. 
  • Familiarity with web-based database tools - ARM, Predict, Tableau.  
  • Highly self-motivated, analytical, and customer centric. 
  • Excellent interpersonal skills, including great communication. 
  • Ability to demonstrate collaborative behaviors. 
  • Organized and thorough individuals. 
  • Experience in the formulation, setting up, procurement and contract administration of target cost contracts will be an added advantage. 
  • Demonstrates excellent presentation, verbal, written, organizational and communication skills. 
Additional Information

*On site presence could changer per client's needs.

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. 

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. 

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community. 

Please find out more about us atwww.turnerandtownsend.com/ 

Turner & Townsend does not accept any speculative or unsolicited CV's that have been sent to our internal recruitment team or hiring managers from agencies outside of our preferred supplier list or that have not followed due process. Any speculative or unsolicited CV's will be treated as a direct application. 

All your information will be kept confidential according to EEO guidelines. 

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. 

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.