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Operational Risk Manager Jobs in Wisconsin (NOW HIRING)

Experience in enterprise, IT, or operational risk management * Experience with payment systems such as Wire, ACH, or RTP * Professional certifications such as CRISC, CISSP, CISM, CISA, or ITIL

Experience in enterprise, IT, or operational risk management * Experience with payment systems such as Wire, ACH, or RTP * Professional certifications such as CRISC, CISSP, CISM, CISA, or ITIL

Risk Analyst

Milwaukee, WI

$28.97 - $49.67/hr

Experience in enterprise, IT, or operational risk management * Experience with payment systems such as Wire, ACH, or RTP * Professional certifications such as CRISC, CISSP, CISM, CISA, or ITIL

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Operational Risk Manager information

See Wisconsin salary details

$47.4K

$121.8K

$239.2K

How much do operational risk manager jobs pay per year?

As of May 31, 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 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 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 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 Manager - Aurora St. Lukes

Risk Manager - Aurora St. Lukes

Advocate Aurora Health

Milwaukee, WI

$47.50 - $71.25/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago


Advocate Aurora Health rating

7.6

Company rating: 7.6 out of 10

Based on 762 frontline employees who took The Breakroom Quiz

183rd of 864 rated healthcare providers


Job description

Department:

11204 Enterprise Corporate - Risk Management

Status:

Full time

Benefits Eligible:

Yes

Hours Per Week:

40

Schedule Details/Additional Information:

  • This role requires a primarily 1st shift onsite presence at our Aurora St Lukes Medical Center - 2900 W Oklahoma Ave. facility

  • This role has on call responsibilities

Pay Range

$47.50 - $71.25

Major Responsibilities:

  • Utilizes a proactive risk management approach that relates to an enterprise scope of practice Establishes relationships with site executive and medical staff leadership to identify and facilitate development and resolution of system and site risk identification and reduction measures. Oversees the development of site risk management programs, ensuring standard assessment and measures. Supports appropriate risk management coverage within site.

  • Addresses health outcomes, risk identification, loss prevention, and claims management to improve the quality of patient care; prevent, mitigate and/or reduce risk of potential and actual financial, physical and reputational loss at assigned sites. Participates in site health outcomes goals and strategic plan development, implementation and measurement including provision of data and recommendation within the site. Participates in site level safety huddles; participate in weekly risk huddles. Identifies, in conjunction with site and other departments, high risk areas requiring proactive risk assessments.

  • Coordinates resources to achieve review, findings and action plan. Presents results to applicable groups. Develops goals and plans through multiple internal data sources including the complaint and event reporting system, claims, write-offs, risk and quality assessments, recalls; and external sources such as literature evidence based practice, and alerts from national and international sources. Shares quarterly site-based Risk Management reports with appropriate groups. Develops educational programs for site and departments addressing risk management issues, outcomes, and topics.

  • Manages assigned site Risk Management roles, processes responsibilities in regard to claims management and the insurance program. Reviews, analyzes, and develops improvement actions based on claims loss runs. Submits site and physician exposure data for the annual insurance renewal.

  • Maintains site adverse event reporting, investigation, and resolution process. Participates in web-based reporting design, access, training and implementation. Reviews and tracks reported events. Maintains and improves process to identify significant events and notify appropriate system and site executives, claims, patient safety, legal, compliance, safety/security, and media relations. Facilitates patient disclosure meetings. Tracks, trend, analyzes data to mitigate, reduce or eliminate harm and/or liability issues. Works with public safety/security to identify, mitigate and prevent safety issues and exposure for the organization, including teammates and visitors.

  • Acts as the site risk expert and resource for medical/legal inquiries of physicians, nurses, administrators, and others regarding emergent patient care issues and loss control, in conjunction with Legal Counsel; for policy and procedure development, including event reporting, consent, and disclosure policies; for applicable contract review.

  • Works with site, and if needed other sites, to address patient complaints and grievances. Ensures regulatory compliance and appropriate responses. Ensures referral, review and response of patient complaints with significant quality or service concerns. Involves language services and civil rights departments as needed. Tracks and trend complaints and grievances, identifying risk or liability issues.

  • Works collaboratively with Legal and Compliance on site issues, contracts, regulatory and accreditation issues, operational and policy issues, governmental, litigation and other relevant issues.

  • Keeps management informed of site-based issues; coordinate communication to site from system.


Licensure, Registration, and/or Certification Required:

  • Certified Professional in Patient Safety (CPPS) designation issued by the Certification Board for Professionals in Patient Safety (CBPPS) needs to be obtained within 1 year, or

  • Certified Professional in Health Care Risk Management designation issued by the American Hospital Association (AHA) needs to be obtained within 1 year.


Education Required:

  • Bachelor's Degree in Health Care Administration or related field.


Experience Required:

  • Typically requires 7 years of experience in in system healthcare setting, experience with risk management, patient safety and quality.

Preferred:

  • Clinical experience

  • Medical records review using Epic

  • Origami system experience


Knowledge, Skills & Abilities Required:

  • Proficient in Microsoft Office (Excel, Word, PowerPoint, Access) or similar products.

  • Ability to guide and mentor physicians, including disruptive behavior and in situations where failure to follow policy is not an option.

  • Strong decision-making and critical thinking skills.

  • Significant successful high-level interaction with medical staff.

  • Strong skills in successfully managing multiple units.

  • Strong skills in diplomacy and conflict resolution at various levels within the organization.

  • Strong aptitude in human resource management.

  • Ability to handle multiple demands simultaneously.

  • Excellent communication skills (oral and written, group and one-on-one).

  • Extensive knowledge of statistical methods, data analysis and presentation.


Physical Requirements and Working Conditions:

  • Frequently lifts up to 10 lbs. and occasionally lifts over 100 lbs. with assistance.

  • Must be able to sit 50% of the workday and stand 35%.

  • Must have clear speech, hearing and vision.

  • Will be exposed to mechanical, electrical and chemical hazards.

  • Must wear protective clothing (i.e., lead aprons, isolation gowns, protective eyewear, etc.) as needed.

  • Operates all equipment necessary to perform the job.


This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.

Our CommitmenttoYou:

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more - so you can live fully at and away from work, including:

Compensation

  • Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training

  • Premium pay such as shift, on call, and more based on a teammate's job

  • Incentive pay for select positions

  • Opportunity for annual increases based on performance

Benefits and more

  • Paid Time Off programs

  • Health and welfare benefits such as medical, dental, vision, life, andShort- and Long-Term Disability

  • Flexible Spending Accounts for eligible health care and dependent care expenses

  • Family benefits such as adoption assistance and paid parental leave

  • Defined contribution retirement plans with employer match and other financial wellness programs

  • Educational Assistance Program

Note: Eligibility for programs listed above may depend on your FTE or status (e.g., full-time, part-time, per diem, temporary, etc.); please ask a Recruiter for more information during an interview.


About Advocate Health

Advocate Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. Providing care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care. Headquartered in Charlotte, North Carolina, Advocate Health services nearly 6 million patients and is engaged in hundreds of clinical trials and research studies, with Wake Forest University School of Medicine serving as the academic core of the enterprise. It is nationally recognized for its expertise in cardiology, neurosciences, oncology, pediatrics and rehabilitation, as well as organ transplants, burn treatments and specialized musculoskeletal programs. Advocate Health employs 155,000 teammates across 69 hospitals and over 1,000 care locations, and offers one of the nation's largest graduate medical education programs with over 2,000 residents and fellows across more than 200 programs. Committed to providing equitable care for all, Advocate Health provides more than $6 billion in annual community benefits.


What Advocate Aurora Health employees say

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About Advocate Health

Sourced by ZipRecruiter

Advocate Healthcare, based in Oak Lawn, Illinois, United States, is a leading figure in the health care industry. Accessible via their official website, 'advocatehealth.com', this organization provides a wide variety of medical services and treatment options. Founded in 1995 through a merger of Evangelical Health Systems Corporation and Lutheran General HealthSystem, Advocate Healthcare has grown exponentially over the years. Now, it operates more than 400 sites of care, including 12 hospitals that encompass 11 acute care hospitals, the state’s largest integrated children’s network, five Level I trauma centers, and three Level II trauma centers. Upholding their values of equality, compassion, excellence, partnership and stewardship, Advocate Healthcare's mission is centered on building lifelong relationships with patients by delivering the best health outcomes and highest level of service through an integrated approach to care and wellness.

Industry

Hospitals and health care and social assistance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US