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Operational Risk Manager Jobs in Bristol, VA (NOW HIRING)

Assess and address category risk * Implement and develop mitigation and contingency plans * Work ... Collaboration with Marine Operations and distribution safety to qualify new vendors * Balance ...

Assess and address category risk * Implement and develop mitigation and contingency plans * Work ... Collaboration with Marine Operations and distribution safety to qualify new vendors * Balance ...

Our joint ventures provide environmental restoration and operations management at a dozen U.S ... Regularly review and update safety protocols to ensure relevance and compliance Risk Assessment and ...

Our joint ventures provide environmental restoration and operations management at a dozen U.S ... Regularly review and update safety protocols to ensure relevance and compliance Risk Assessment and ...

... risk management concerns to your General Manager and District Manager * Escalate other concerns to your supervisor when appropriate * All other duties necessary to ensure restaurant operations ...

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Operational Risk Manager information

See Bristol, VA salary details

$45.7K

$117.2K

$230.2K

How much do operational risk manager jobs pay per year?

As of Jul 9, 2026, the average yearly pay for operational risk manager in Bristol, VA 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.

What job categories do people searching Operational Risk Manager jobs in Bristol, VA look for? The top searched job categories for Operational Risk Manager jobs in Bristol, VA are:
What cities near Bristol, VA are hiring for Operational Risk Manager jobs? Cities near Bristol, VA with the most Operational Risk Manager job openings:
Manager, Risk Management (8a-5p) Legal - Kingsport, TN

Manager, Risk Management (8a-5p) Legal - Kingsport, TN

Ballad Health

Kingsport, TN • On-site

Full-time

Re-posted yesterday


Ballad Health rating

6.4

Company rating: 6.4 out of 10

Based on 225 frontline employees who took The Breakroom Quiz

637th of 880 rated healthcare providers


Job description

Job Description:
Summary:
The Manager, Risk Management is responsible for facility-wide risk management activities, that include risk management operations, loss prevention including patient safety, claims management, risk financing. The Risk Manager interfaces and assists Legal Counsel with the coordination and investigation of claims against the facility, administering the risk management program on a day-to-day basis, managing, analyzing, and reviewing risk management data with appropriate individuals and committees, coordination of sentinel event/adverse event and root cause analysis activities, reports Unusual Events to the Tennessee Department of Health, coordinates patient safety organization activities, coordinates risk management educational programs, complying with risk management related standards as required by The Joint Commission, CMS, FDA, and other regulatory agencies, assisting with policy and procedure development and review, assists as appropriate with the investigation and resolution of patient/family complaints and grievances, when appropriate notifies the liability carrier of all actual and potential claims, and other duties as assigned. The stress level of this position is relatively high, with the need to balance priorities. The ability to assess situations in an objective and non-judgmental manner is a crucial element of the job. Active participation in and the facilitation of interdepartmental functions are essential to successful performance. This position requires well-developed facilitation skills to promote management, physician and employee support in risk management and quality improvement efforts.
Operations: Develops, coordinates, and administers facility-wide systems for risk identification, investigation, and reduction, performs risk surveys and inspects patient care areas as needed, reviews facility to assess loss potential Participates on committees directed towards promoting patient safety issues. Maintains risk management statistics and files in compliance with the TJC, Department of Health, and Federal agencies. Collects, evaluates, and distributes relevant data regarding patient injuries. Informs Management staff of risk management findings, provides feedback to eliminate risk. Works with Legal Counsel to coordinate the investigation, processing, and defense of claims against the facility. Responds to professional liability and facility questions posed by physicians, nurses, and other personnel. Assists security on procedures to reduce the frequency and/or minimize the severity of property loss or assets. Provides assistance to departments in complying with TJC regarding risk management related standards. Recommends appropriate revisions to new or existing policies and procedures to reduce the frequency of future occurrences; recommends ways to minimize risks through system changes.
Loss Prevention/Patient Safety: Participates in the process of disclosure for medical errors. Analysis of patient safety and medical errors. Coordinates Sentinel Event Committee and Root Cause Analysis investigation and reporting of adverse events to the appropriate individuals. Monthly review hospital acquired conditions reports and validates conditions and takes appropriate action for risk reduction. Responsible for reporting Unusual Events to the Tennessee Department of Health. Maintains awareness of legislative and regulatory activities related to healthcare risk management. Complies with various codes, laws, rules, and regulations. Provides in-service training to team members to enhance their awareness of their role in reducing liability exposures. Participates on select committees related to the provision of patient safety. Notifies biomedical and materials management when notifies of product recalls.
Claims Management: Investigates and analysis actual and potential risks in the facility; assesses liability and probability of legal action for potential notification to insurance carriers. Informs administration of those incidents with claims potential; reports to a higher authority any serious event involving actual or potential injuries to patients or visitors. Assists appropriate management staff in the resolution of patient and/or family grievances.
Risk Financing: Notifies the liability carrier of all actual and potential claims. When necessary may act as a liaison with the insurance carrier; assists with surveys when needed. Provides insurance information to outside agencies. The stress level of this position is relatively high, with the need to balance priorties. The ability to assess situations in an objective and non-judgmental manner is a crucial element of the job. Active participation in and the facilitation of interdepartmental functions are essential to successful performance. This position requires well-developed facilitation skills to promote management, physician and employee support in risk management and quality improvement efforts.
Requirements:
Bachelor's degree in a health related field is preferred. A minimum of five years experience in a hospital setting is required, with a minimum of three years experience at a supervisory level. Supervisory experience should include hands on involvement with Human Resource management, goal setting, project management, and continuous quality improvement efforts. Strong management skills are needed in order to effectively plan and coordinate activities to be accomplished by others. Excellent verbal and written communication skills are essential for this position in performance standards to effectively carry out key education and communication functions. Formal presentation skills and experience are needed. Demonstrated excellent interpersonal skills and the ability to balance multiple priorities at once are essential for successful performance.
Work Requirements:
Shift: Day
On Call: No
Weekends: No
Travel Required: No Travel
Shift Details: 8a-5p
City/State: KINGSPORT, TN
Location:
Holston Valley Medical Center

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About Ballad Health

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Become a part of the Ballad Health story. Together, we are transforming our region. We're making communities healthier. We're expanding access to critical services in rural areas.

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Johnson City, TN, US