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Operational Risk Manager Jobs in Aurora, IL (NOW HIRING)

Responsibilities Manager - Risk Management (Healthcare) Full Time The Facility Risk Manager is ... Knowledge of hospital operations, risk identification, and performance improvement. Excellent ...

AVP, Banking Risk & Controls

Oswego, IL · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

AVP, Banking Risk & Controls

Oswego, IL · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

AVP, Banking Risk & Controls

Oswego, IL · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...

Conduct thorough risk assessments focused on operational and technology risks, identifying ... Develop automations for robust supervision and risk management. Develop real-time monitoring ...

Conduct thorough risk assessments focused on operational and technology risks, identifying ... Develop automations for robust supervision and risk management. Develop real-time monitoring ...

Showing results 41-60

Operational Risk Manager information

See Aurora, IL salary details

$46.6K

$119.7K

$235K

How much do operational risk manager jobs pay per year?

As of Jul 25, 2026, the average yearly pay for operational risk manager in Aurora, IL is $119,671.00, 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 popular job titles related to Operational Risk Manager jobs in Aurora, IL? For Operational Risk Manager jobs in Aurora, IL, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Aurora, IL look for? The top searched job categories for Operational Risk Manager jobs in Aurora, IL are:
What cities near Aurora, IL are hiring for Operational Risk Manager jobs? Cities near Aurora, IL with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Aurora, IL as of June 2026, with employment types broken down into 81% Full Time, 17% Part Time, and 2% Contract. Highlights an 88% Physical, 1% Hybrid, and 11% Remote job distribution, with an average salary of $119,671 per year, or $57.5 per hour.
Sr. Risk Manager for Enterprise Program Governance

Sr. Risk Manager for Enterprise Program Governance

Capital One

Chicago, IL

Full-time

Posted 28 days ago


Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 145 frontline employees who took The Breakroom Quiz

80th of 150 rated banks


Job description

Sr. Risk Manager for Enterprise Program Governance

Capital One's Enterprise Risk Management (ERM) Team has responsibility for helping the overall organization identify, manage, and mitigate key risks that may keep the company from achieving its strategic objectives. ERM is currently seeking a Senior (Sr) Risk Manager who will be responsible for managing implementation and enhancement projects for a diverse set of initiatives, with a broad range of complexity and scale.

This Sr. Risk Manager role will require excellent communication and interpersonal skills, a passion for quality assurance, strong attention to detail and a desire to help the enterprise appropriately manage the change risk associated with large-scale project execution. In addition, very strong communication and partnership skills are essential for engaging with key stakeholders to manage, inform, and influence outcomes.

Specific responsibilities include, but are not limited to, the following:

  • Lead Standard Adherence activities for large programs - document outputs, and communicate results with program leaders and stakeholders

  • Perform effective challenge over large programs with strong critical thinking and negotiation skills, challenging assumptions about project health and timelines

  • Lead program Governance Evaluations - document outputs and communicate results with program leaders and stakeholders

  • Lead documentation requests with audit and/or external regulators on matters related to change governance

  • Identify the root causes of recurring project failures across the enterprise to determine if issues come from poor planning, lack of resources, or weak governance

  • Streamline and modernize the change governance framework by leveraging automation and AI tools to reduce administrative burden and speed up risk identification

  • Partner cross-functionally in larger efforts, to provide strategic and tactical thought partnership to effectively drive project delivery

  • Building relationships and collaborating with key stakeholders to ensure delivery of commitments

  • Drive continuous improvements to the ERM program to increase operational efficiency, reduce execution risk, and make board reporting more impactful

  • Bring clarity to ambiguous situations, analyze incomplete project data, isolate the true risk factors, and recommend clear next steps

Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 4 years of process management, risk management, audit or change management experience

  • At least 3 years of project management experience

  • At least 3 years of experience in modernizing governance frameworks, including streamlining workflows and adopting digital tools or AI to improve risk oversight.

  • At least 2 years of experience using project management tools (Risks, Assumptions, Issues, and Dependencies (RAID), Waterfall, Agile)

  • At least 2 years of experience using Google or Microsoft Office Suite

Preferred Qualifications :

  • Project Management Professional (PMP) certification, Scrum Master certification, Lean Six Sigma certification or Internal Auditor certification

  • 2+ years of experience in the financial industry

  • 2+ years of experience in consulting industry

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Chicago, IL: $161,500 - $184,300 for Sr. Risk Manager


McLean, VA: $177,700 - $202,800 for Sr. Risk Manager


Richmond, VA: $161,500 - $184,300 for Sr. Risk Manager


Riverwoods, IL: $161,500 - $184,300 for Sr. Risk Manager








Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).


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