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Operational Risk Manager Jobs in Bloomington, IN

Risk Advisory Senior Manager

Bedford, IN · On-site +1

$119K - $215K/yr

Lead and manage risk advisory and internal audit engagements, delivering high-quality, client ... Serve as a trusted advisor to clients by understanding business risks, operational challenges, and ...

New

Experience assessing compliance and operational risk in payment networks, managed payments products, or regulated payment platforms, including controls related to onboarding, transaction execution ...

Deal Advisory Senior Manager

Bedford, IN · On-site +1

$105K - $247K/yr

As a Senior Manager, you will: * Lead and manage buy-side and sell-side accounting and financial ... Identify and evaluate financial and operational trends of target companies * Communicate ...

... operations. Adept at planning, coordinating, and executing programs that span maintenance, logistics, technology integration, training, data management, regulatory compliance, and risk management.

... operations. Adept at planning, coordinating, and executing programs that span maintenance, logistics, technology integration, training, data management, regulatory compliance, and risk management.

... operations. Adept at planning, coordinating, and executing programs that span maintenance, logistics, technology integration, training, data management, regulatory compliance, and risk management.

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How much do operational risk manager jobs pay per year?

As of Jun 18, 2026, the average yearly pay for operational risk manager in Bloomington, IN is $105,800.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,400.00 and $139,400.00 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 helps ensure organizational resilience and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and mitigates risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop risk management frameworks, monitor key risk indicators, and ensure compliance with regulations to protect the organization’s assets and reputation.

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 benefits. Certifications like FRM or ORM can enhance earning potential in this field.

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 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 the 5 steps of orm?

In operational risk management (ORM), the five key steps are: identifying risks, assessing their likelihood and impact, implementing controls to mitigate risks, monitoring the effectiveness of these controls, and reviewing and improving the risk management process regularly. These steps help operational risk managers proactively manage potential threats to an organization’s operations.
What job categories do people searching Operational Risk Manager jobs in Bloomington, IN look for? The top searched job categories for Operational Risk Manager jobs in Bloomington, IN are:
What cities near Bloomington, IN are hiring for Operational Risk Manager jobs? Cities near Bloomington, IN with the most Operational Risk Manager job openings:
Risk Advisory Senior Manager

Risk Advisory Senior Manager

Cherry Bekaert

Bedford, IN • On-site, Remote

$119K - $215K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted yesterday


Job description

Ranked among the largest accounting and consulting firms in the country and consistently recognized as a Great Place to Work, Cherry Bekaert delivers innovative advisory, assurance and tax services to our clients. At Cherry Bekaert we create shared success through teamwork, energy, and expertise. We approach today's toughest business challenges with a client-first mindset, working together to create exceptional value. We are all committed to making a difference for our people, our clients, our community, and our professions. To meet this commitment, Cherry Bekaert will provide you with the space to pursue growth and development opportunities that will guide and support you at each stage of your personal and professional journey.

To support the continued growth of our Risk Advisory Services practice, an opportunity has been created for a Senior Manager to lead complex client engagements focused on internal audit, risk management, and compliance. This role offers the opportunity to work with diverse clients across industries while driving innovative, technology-enabled advisory solutions. This position may be performed in a hybrid work model from one of our office locations or remotely within the United States.

As a Senior Manager, you will:

  • Lead and manage risk advisory and internal audit engagements, delivering high-quality, client-focused outcomes across multiple industries

  • Serve as a trusted advisor to clients by understanding business risks, operational challenges, and growth objectives

  • Oversee multiple projects simultaneously, ensuring delivery within scope, timeline, and budget

  • Develop project plans, allocate resources effectively, and guide teams to successful execution

  • Provide insights on internal controls, regulatory compliance, risk mitigation, and operational improvement strategies

  • Present findings, recommendations, and strategic insights to client leadership and firm stakeholders

  • Build and maintain strong client relationships while identifying opportunities to expand services

  • Support business development through proposals, networking, and collaboration with firm leadership

  • Mentor and develop team members, fostering a collaborative and inclusive team environment

What you bring to this role:

  • Bachelor's degree in Accounting, Finance, or a related field

  • Minimum 8+ years of experience delivering technology-enabled internal audit/risk assessments in a public accounting, consulting, or corporate environment

  • Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) certification desired

  • Strong knowledge of internal controls, risk frameworks, and GAAP accounting principles

  • Demonstrated ability to manage complex projects and lead cross-functional teams

  • Strong consulting mindset with effective communication and stakeholder management skills

  • Ability to travel as needed in support of client engagements (expected <20%)

Preferred Qualifications:

  • Experience across multiple internal audit domains (ICFR, regulatory compliance, operational risk, IT controls)

  • Experience in technology-enabled audit or data analytics solutions

  • Industry specialization or experience across multiple sectors

  • Proven ability to develop and mentor high-performing teams

What you can expect from us:

  • Our shared values that foster inclusion and belonging including uncompromising integrity, collaboration, trust, and mutual respect

  • The opportunity to innovate and do work that motivates and engages you

  • A collaborative environment focused on enabling you to further your career growth and continuous professional development

  • Competitive compensation and a total rewards package that focuses on all aspects of your wellbeing

  • Flexibility to do impactful work and the time to enjoy your life outside of work

  • Opportunities to connect and learn from professionals from different backgrounds and with different cultures

Benefits Information:

Cherry Bekaert cares about our people. We offer competitive compensation packages based on performance that recognize the value our people bring to our clients and our Firm. The salary range for this position is included below. Individual salaries within this range are determined by a variety of factors including but not limited to the role, function and associated responsibilities, a candidate's work experience, education, knowledge, skills, and geographic location. In addition, we offer a comprehensive, high-quality benefits program which includes annual bonus, medical, dental, and vision care; disability and life insurance; generous Paid Time Off; retirement plans; Paid Care Leave; and other programs that are dedicated to enhancing your personal and work life and providing you and your family with a measure of financial protection.

Pay Range:

$119,000 - $215,600

About Cherry Bekaert

Cherry Bekaert, ranked among the largest assurance, tax and advisory firms in the U.S., serves clients across industries in all 50 U.S. states and internationally. For more details, visit https://www.cbh.com/disclosure/

Cherry Bekaert provides equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, citizenship status, protected veteran status, disability status, or any other category protected by applicable federal, state or local laws. https://careers.cbh.com/legal-disclosures/ contains further information regarding the firm's compliance with federal, state and local recruitment and hiring laws.

This role is expected to accept applications for at least five calendar days and may continue to be posted until a qualified applicant is selected or the position has been cancelled.

Candidates must demonstrate eligibility to work in the United States.Cherry Bekaert will not provideworksponsorship for this position.

Cherry Bekaert LLP and Cherry Bekaert Advisory LLC are members of Allinial Global, an accountancy and business advisory global association. Visit us athttps://careers.cbh.com/ and follow us onLinkedIn,Instagram, Twitterand Facebook.

2026 Cherry Bekaert. All Rights Reserved.