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

Alberici

Risk Management Administrator

Saint Louis, MO · On-site

Philanthropy opportunities Position Overview The Risk Management Administrator assists the Vice President of Risk Management in daily operation of department. Key Responsibilities * Reviews Owner ...

Parsons

Business Analyst - Risk

Saint Louis, MO

Develop the Risk program guidance and instruction to establish the NWM Risk Management Team as the facilitators of Agency operational and mission risk. * Lead risk management forums both internal and ...

Centene

Senior Manager, Medical Loss Ratio

Florissant, MO · On-site +1

Provides strategic and operational leadership for end-to-end MLR activities, including methodology ... Establishes a risk-based monitoring and review plan; oversees deeper-dive analyses, internal audits ...

CRB

Operational Excellence Manager

Saint Louis, MO

... Risk (POR) group, and facilitating process change management across regional operations. A ... successful candidate for this position will be a collaborative team player and have a strong drive ...

CRB

Operational Excellence Manager

Saint Louis, MO · On-site

... Risk (POR) group, and facilitating process change management across regional operations. A ... successful candidate for this position will be a collaborative team player and have a strong drive ...

Focus Financial Partners

Risk Specialist

Saint Louis, MO · On-site

$110K - $130K/yr

... Operations Specialist to support and strengthen our organization's Cybersecurity program. This role is responsible for supporting key risk pillars: Vulnerability Management and Risk Management. A ...

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Operational Risk Manager information

See Belleville, IL salary details

$45.7K

$117.2K

$230.2K

How much do operational risk manager jobs pay per year?

As of Jul 24, 2026, the average yearly pay for operational risk manager in Belleville, IL is $117,242.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,400.00 and $154,400.00 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 job categories do people searching Operational Risk Manager jobs in Belleville, IL look for? The top searched job categories for Operational Risk Manager jobs in Belleville, IL are:
What cities near Belleville, IL are hiring for Operational Risk Manager jobs? Cities near Belleville, IL with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Belleville, IL as of June 2026, with employment types broken down into 1% As Needed, 66% Full Time, 30% Part Time, 1% Temporary, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $117,242 per year, or $56.4 per hour.
Risk Management Administrator

Risk Management Administrator

Alberici

Saint Louis, MO • On-site

Full-time

Medical, Dental, Vision, PTO

Posted 20 days ago

Job description

Description
Headquartered in St. Louis, Missouri with more than 1,200 employees and nearing $2B in revenue, Alberici is a diversified construction company that partners with leading organizations throughout North America to build their most challenging and important projects.
Since our founding in 1918, Alberici earned a reputation for executing with quality, safety and trust. Combined with our 100+ years of experience, we provide construction solutions to the automotive, commercial, civil, energy, food & beverage, healthcare, heavy industrial, industrial process, and water industries.
We build the critical structures that improve lives and strengthen communities.
Our mission is simple - and our approach to delivering on it is equally straightforward. We are as open and honest with our employees and partners as we are with our clients. We are here to work together to do the best work possible to bring this mission to life.
When it comes to our team, Alberici employees are built differently. We seek the best and brightest and are committed to investing in our people and providing the training and resources they need to learn, grow, and advance.
Are you Built for the Challenge?
Our Values:
  • Working Safely
  • Valuing Diversity
  • Serving Humbly
  • Executing with Integrity
  • Solving Creatively
  • Engaging Fully

What We Offer:
  • Profit-sharing plan, cash bonus programs and annual cost-of-living adjustments
  • Generous salary increases and per diems for qualified out-of-town assignments
  • Health, dental and vision insurance eligibility on day one
  • Paid parental leave
  • Continuing education reimbursement
  • Personalized career development and training programs
  • Minimum of 29 days of PTO (including holidays) for entry-level roles
  • Fitness center for St. Louis office-based team members
  • Gym membership reimbursement for project-based team members
  • Corporate office cafeteria access
  • Employee Resource Group (ERG) opportunities
  • Philanthropy opportunities

Position Overview
The Risk Management Administrator assists the Vice President of Risk Management in daily operation of department.
Key Responsibilities
  • Reviews Owner contracts and identifies insurance requirements for agreements received from Legal Department and project staff for all Alberici enterprise entities.
  • Identifies subcontractor flow-down insurance requirements and input into Prolog or Procore system.
  • Requests or issues insurance certificates on behalf of all Alberici owned entities.
  • Advises Legal Department of unreasonable Owner insurance requirements and works with Legal as clarifications/negotiations are delegated with Owner.
  • Obtains second-tier insurance requirements included in agreements, updates in accounting system and compiles details for future renewals.
  • Reviews subcontractor/vendor Additional Insured endorsements.
  • Reviews Builder's Risk/Rigger's specifics included in Owner contracts and obtain coverage, as needed.
  • Reviews equipment rental agreements received and identifies insurance requirements.
  • Reviews Owner Controlled Insurance Project (OCIP) manuals prior to the start-up of a project, prepares project-specific Exhibit B, and works, in conjunction with CIP Manager, with OCIP administrator during duration of project.
  • Advises Human Resources of insurance requirements for Personal Services Provider Agreements and confirms compliance with those insurance requirements.
  • Requests MVRs (Motor Vehicle Records) from vendor for driver authorizations or in conjunction with pending vehicle assignments, reviews the MVRs and advises Risk Manager of any concerns.
  • Conducts annual MVR audit.
  • Oversees Company vehicle GPS oversight program on behalf of Risk Management.
  • Produces internal invoices on behalf of Hillsdale Insurance.
  • Other tasks or projects as assigned by the Vice President of Risk Management.
  • Travels to Company and subsidiary offices; offsite client, subcontractor, and supplier meetings; and other locations across North America to fulfill the essential duties of the role as required.
  • Exhibits regular and reliable attendance in person as required by the Supervisor, Company guidelines, and/or project and office obligations.

Required Qualifications
Bachelor's degree and 2 years' related experience/training in construction insurance, or equivalent combination of education and experience.
Alberici is a North American company with multiple Operating Companies:
Alberici Constructors, Inc., Alberici Constructors, LTD., Alberici Construcciones, BRC, CAS Constructors, Filanc, Flintco, Hillsdale Fabricators, and Kienlen Constructors
#LI-Hybrid
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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