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Operational Risk Manager Jobs in Birmingham, AL (NOW HIRING)

CRC Group

Accounts Payable Senior Manager

Birmingham, AL · On-site

$61K - $84K/yr

Strong knowledge of reconciliations, payment workflows, controls, compliance, audit readiness, reporting, and operational risk management. * Proven ability to lead major initiatives, solve complex ...

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Operational Risk Manager information

See Birmingham, AL salary details

$44K

$113.1K

$222.1K

How much do operational risk manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for operational risk manager in Birmingham, AL is $113,124.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,900.00 and $149,000.00 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.

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What job categories do people searching Operational Risk Manager jobs in Birmingham, AL look for?

The top searched job categories for Operational Risk Manager jobs in Birmingham, AL are:

What cities near Birmingham, AL are hiring for Operational Risk Manager jobs?

Cities near Birmingham, AL with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Birmingham, AL as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $113,124 per year, or $54.4 per hour.

Risk Management Specialist - Compliance

America's First Federal Credit Union

Birmingham, AL

$92K/yr

Full-time

Re-posted 12 days ago

Job description

Role: Key defender of our institution's financial integrity.  Identifying and analyzing threats, mitigating risk, and protecting our members from fraudulent activity. Act as a senior resource within the team, supporting leadership by contributing to departmental objectives.

Essential Functions & Responsibilities:

  • Develops, maintains, and implements processes, procedures, and monitoring strategies to enhance the effectiveness and efficiency of fraud detection, loss prevention, and risk management programs. Identifies process improvement opportunities, recommends solutions, and collaborates with leadership to strengthen controls, mitigate risks, and ensure compliance with regulatory requirements and organizational policies.
  • Serve as a subject matter expert for Credit Union employees, providing education, support, and mentorship on fraud and loss prevention topics. Provide secondary review and coaching for junior specialists.
  • Prepare and present status reports and key metrics on fraud trends and case resolutions to management.
  • Analyzes high-risk accounts and activities to determine appropriate action, including regulatory reporting requirements, service restrictions, account closures, criminal prosecution referrals, loss recovery efforts, and bond claims. Gathers and prepares supporting documentation, submits timely and accurate reports to Compliance and regulatory agencies, collaborates with local government and law enforcement agencies, and serves as the primary contact for insurance representatives to ensure compliance with all policies, procedures, and regulatory requirements.

Performance Measurements:

  1. Demonstrates subject matter expertise through effective coaching, training, secondary review, employee support, and development of fraud prevention resources that enhance team knowledge, performance, and operational effectiveness.
  2. Provides accurate, timely, and actionable reporting and analytics by identifying emerging fraud trends, communicating risk concerns, and delivering management reports and dashboards that support informed decision-making and risk mitigation.
  3. Effectively manages high-risk investigations and compliance activities through timely account reviews, accurate regulatory reporting, thorough case documentation, successful recovery efforts, and adherence to all applicable policies and regulations.
  4. Contributes to overall business impact by preventing and mitigating fraud losses, reducing recurring fraud risk, supporting departmental objectives, maintaining audit and compliance standards, and fostering effective collaboration with internal and external partners.

Knowledge and Skills:

Experience: 3-5 years of experience in a similar fraud, risk, or loss prevention role within a credit union or other financial institution.

Education: (1) A high school education or GED or (2) Completion of a specialized course of study at a business or trade school.

Interpersonal Skills: Work involves significant personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, obtaining information, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Other Skills:

  • Proficient in key financial regulations, including BSA/AML, FinCEN requirements, and Regulations E and CC.
  • Proven ability to conduct detailed research, analyze complex data to derive facts, and make sound, independent judgments in ambiguous situations.
  • Exceptional organizational skills with the ability to manage multiple priorities and meet tight deadlines in a fast-paced environment.
  • Skilled in using online banking platforms and Microsoft Office Suite (Word, Excel) to manage financial data and streamline workflows.

Physical Requirements: Light lifting is required.

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