ZipRecruiter

Log In

1

Operational Risk Manager Jobs in Austin, TX (NOW HIRING)

Munich Re

Senior Cyber and Tech Risk

Austin, TX · On-site +1

... operational resilience. Our offerings include equipment breakdown insurance and other specialty coverages (cyber, EPLI, service line, home appliances), along with a suite of risk management services ...

Lightsource

Manager, Operational SCADA

Austin, TX · On-site

Manager, Operational SCADA Department: U.S. Transmission & Grid Interconnection Reporting to ... Analyze fleet performance trends and implement improvements that reduce operational risk and ...

next page

Showing results 1-20

All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Austin, TX

Operational Risk Manager information

See Austin, TX salary details

$44.4K

$113.9K

$223.7K

How much do operational risk manager jobs pay per year?

As of Jul 22, 2026, the average yearly pay for operational risk manager in Austin, TX is $113,914.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,400.00 and $150,100.00 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 popular job titles related to Operational Risk Manager jobs in Austin, TX? For Operational Risk Manager jobs in Austin, TX, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Austin, TX look for? The top searched job categories for Operational Risk Manager jobs in Austin, TX are:
What cities near Austin, TX are hiring for Operational Risk Manager jobs? Cities near Austin, TX with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Austin, TX as of July 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $113,914 per year, or $54.8 per hour.

Risk Management Specialist (Austin)

TWC Business Unit

Austin, TX • On-site

$3.8K/mo

Full-time

Medical, Retirement, PTO

Posted 18 days ago

Job description

WHO WE ARE:
Texas Workforce Commission connects people with careers across the state. We're a Family Friendly Certified Workplace with great work-life balance, competitive salaries, extensive opportunities for training and development, and fantastic benefits. This position is located at 1117 Trinity St., Austin, Texas in our Risk and Security Management department.
TWC is not considering applications from individuals who require sponsorship for an employment visa, including those with H1B visas or those currently on student or postgraduate visas. You must be a Texas resident to work for the Texas Workforce Commission or willing to relocate to Texas.
WHO YOU ARE:
You are a highly motivated risk professional ready to join the Risk & Security Management Department. You will serve as a resource to promote and protect the agency, its employees, contractors, and customers, by managing and mitigating risk. You are a self-starting, collaborative problem solver who understands the value of teamwork and following risk management practices.
WHAT YOU WILL DO:
The Risk Management Specialist I performs routine (journey-level) risk management work. Work involves implementing agency risk management programs and conducting risk management reviews. Works under moderate supervision, with limited latitude for the use of initiative and independent judgment
YOU WILL BE TRUSTED TO:
-Assist in the planning, developing, and implementing department statewide initiatives.
- Processes agency identification badge applications and facility key requests.
- May assist with key and core audits.
-Assist in developing, implementing, and reviewing risk management program policies and procedures.
-Assist with department incident reports for assessment and risk mitigation.
- Conduct on-site inspections of agency facilities to identify hazards and risk exposures.
-Perform other duties as assigned.
YOU QUALIFY WITH:
-One year of full-time experience in planning or operation of risk management, information security, loss control, and/or the workers' compensation and safety programs.
-Relevant academic credits may be applied toward experience qualifications for this position.
-Acceptance into a TWC Internship or TWC Apprenticeship will satisfy the minimum qualifications.
YOU ARE A GREAT FIT WITH:
-Working knowledge of statutes, rules/regulations, standards, guidelines, and best practices involving the department's core areas of risk management, continuity/emergency management, safety, and physical security.
-Ability to gather, correlate, and analyze facts, to devise solutions to problems.
-State agency experience.
-Risk management-related certification(s).
YOU GAIN:
- A Family Friendly Certified Workplace.
- Competitive salary: $3,884.64/month
- Defined Retirement Benefit Plan
- Optional 401(k) and 457 accounts
- Medical Insurance
- Paid time off, including time for vacation, sick and family care leave
- Additional benefits for active employees can be found at https://www.ers.texas.gov/Active-Employees/Health-Benefits.
Duty involves up to 10% travel within the state of Texas.
VETERANS:
Use your military skills to qualify for this position or other jobs! Go to www.texasskillstowork.com to translate your military work experience and training courses into civilian job terms, qualifications, and skill sets. Also, you can compare this position to military occupations (MOS) at the Texas State Auditor's Office by pasting this link into your browser: https://hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_Safety.pdf
HOW TO APPLY:
To be considered, please complete a State of Texas Application for Employment and apply online at www.workintexas.com or on Taleo ( Job Search ).
TWC is not considering applications from individuals who require sponsorship for an employment visa, including those with H1B visas or those currently on student or postgraduate visas
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.
A position utilizing this classification will be designated as security sensitive according to the Texas Labor Code, Section 301.042.

Apply