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Operational Risk Manager Jobs in Buffalo, NY (NOW HIRING)

M&T Bank

Senior Risk Analyst - Market Risk

Buffalo, NY · On-site

$103K - $171K/yr

Overview The Senior Risk Analyst - Market Risk is a strategic contributor within the second line of ... operation, statistics. * Prior knowledge of Asset Liability Management (ALM) concepts including ...

M&T Bank

Senior Risk Analyst - Market Risk

Buffalo, NY · On-site

$103K - $171K/yr

Overview The Senior Risk Analyst - Market Risk is a strategic contributor within the second line of ... operation, statistics. * Prior knowledge of Asset Liability Management (ALM) concepts including ...

M&T Bank

Business Risk Analyst II

Buffalo, NY · Hybrid

$62K - $103K/yr

... management. Provide assistance in the development and implementation of various operational risk/compliance related initiatives within the business unit. The successful candidate could work with ...

M&T Bank

Business Risk Analyst II

Buffalo, NY · On-site

$62K - $103K/yr

... management. Provide assistance in the development and implementation of various operational risk/compliance related initiatives within the business unit. The successful candidate could work with ...

M&T Bank

Commercial Risk Analyst II

Buffalo, NY · On-site

$62K - $103K/yr

Take part in planning and implementing enhancements to current scorecard models, managing the design and execution of various projects. * Follow all required compliance and operational risk controls ...

M&T Bank

Commercial Risk Analyst II

Buffalo, NY · On-site

$62K - $103K/yr

Take part in planning and implementing enhancements to current scorecard models, managing the design and execution of various projects. * Follow all required compliance and operational risk controls ...

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Operational Risk Manager information

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$45.5K

$116.9K

$229.6K

How much do operational risk manager jobs pay per year?

As of Jun 11, 2026, the average yearly pay for operational risk manager in Buffalo, NY is $116,923.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,200.00 and $154,000.00 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 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.
More about Operational Risk Manager jobs
What are the most commonly searched types of Operational Risk jobs in Buffalo, NY? The most popular types of Operational Risk jobs in Buffalo, NY are:
What are popular job titles related to Operational Risk Manager jobs in Buffalo, NY? For Operational Risk Manager jobs in Buffalo, NY, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Buffalo, NY look for? The top searched job categories for Operational Risk Manager jobs in Buffalo, NY are:
What cities near Buffalo, NY are hiring for Operational Risk Manager jobs? Cities near Buffalo, NY with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Buffalo, NY as of June 2026, with employment types broken down into 85% Full Time, 14% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $116,923 per year, or $56.2 per hour.
Operational Risk Advisor - Commercial (Hybrid - See Job Description for Listed Locations)

Operational Risk Advisor - Commercial (Hybrid - See Job Description for Listed Locations)

M&T Bank

Buffalo, NY • On-site

Full-time

Posted 26 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 180 frontline employees who took The Breakroom Quiz

67th of 141 rated banks

Job description

*** Work Arrangement/Location: This is a hybrid position requiring in-office work four days a week and will be based in Buffalo, NY, NYC, Wilmington, DE, Bridgeport, CT or Boston, MA.
Overview:
This role is responsible for assessing risks, threats, and opportunities, including those arising from evolving technologies, customer-facing digital channels, data-driven decisioning, and emerging business models. The individual is expected to demonstrate strong knowledge of operational risk management principles, industry best practices, and the supported business areas, inclusive of experience with technology-enabled process risk, third-party dependencies, data and model risk intersections, resilience and change management risk.
This role is responsible for delivery of independent, risk-based challenge and second-line risk management support, in alignment with the Operational Risk Management Framework, applicable policies, regulatory expectations, and industry standards.
The role reports to an Operational Risk Senior Manager and supports providing independent and objective insights to guide and influence business risk management in the enhancement and implementation of their risk management practices.
The role is responsible for assessing risks, threats, and opportunities, including those arising from evolving technologies, customer-facing digital channels, data-driven decisioning, and emerging business models. The individual is expected to demonstrate strong knowledge of operational risk management principles, industry best practices, and the supported business areas, inclusive of experience with technology-enabled process risk, third-party dependencies, data and model risk intersections, resilience and change management risk.
This role requires effective collaboration across risk partners, constructive engagement with key stakeholders, effective interaction with Technology and Product Owners, and meets the expectations of senior management, risk governance, and audit and regulators.
The position demands sound independent judgment, the ability to operate with a high degree of autonomy in the oversight and/or execution of their role, as well as working effectively within the department, and effective integration within the broader risk organization. Given the dynamic and evolving nature of the risk landscape, flexibility is required to leverage risk concepts and tools to areas where risk management processes may be immature or not fully documented.
Primary Responsibilities:
  • Develop and deliver complex, ad hoc operational risk analysis and analytical reports.
  • Prepare, review, and present clear, well-supported risk opinions and materials for senior management and risk governance forums.
  • Perform independent oversight and critical review and challenge of risk identification, assessment, monitoring, mitigation, and reporting across assigned business areas.
  • Perform gap, control, and root cause assessments and evaluate the adequacy, effectiveness, timeliness, and sustainability of risk remediation plans. Escalate identified gaps appropriately.
  • Guide and support first line implementation of the Operational Risk Management (ORM) Framework. Monitor execution for alignment with ORM policies and guidance, as well as supervisory expectations.
  • Assess issues, control failures, or policy breaches to determine whether root cause has been adequately identified by first line and remediation plans are effective and sustainable. Escalate unmitigated risks, emerging issues, and remediation concerns through appropriate governance channels.
  • Deliver objective insights to inform and influence business risk management and the ongoing enhancement of control practices.
  • Collaborate with first- and second-line partners, including technology risk, compliance, model risk, and other risk functions, to enhance risk processes, drive consistency, improve transparency, and deliver value-added risk management outcomes.
  • Stay current on emerging risks, industry trends, and regulatory developments; engage with external peers and professional organizations to proactively inform ongoing risk oversight and monitoring activities.
  • Support change initiatives, promote adherence to internal control standards, and support audit and regulatory remediation efforts.

Specific to Posting:
Operational Risk - Commercial: Provides effective oversight and challenge of identification, assessment, monitoring, mitigation, and reporting of all significant risks within the Commercial Banking Division.
Supervisory/Managerial Responsibilities:
No direct management but may provide guidance to others.
Education and Experience Required:
Bachelor's degree and six years' experience in risk, compliance, legal, audit, or other relevant function,
OR in lieu of degree,
A combined minimum of ten years' higher education and/or work experience including six years' experience in risk, compliance, legal, audit, or other relevant function.
Proficient computer skills (including Excel, PowerPoint, and Power BI).
Analytical skills with strong written and verbal communications with all levels of management.
Working knowledge of relevant regulations and industry standards for Operational Risk Management.
Preferred skills & experience
  • Experience in an operational risk managment role overseeing Technology/IT Risk and/or commercial/business lending.
  • Working knowledge of enterprise governance, risk, and compliance platforms e.g. Archer, FusionRM etc.
  • Expertise in operational risk and control self-assessment, control testing, issue management, and risk event reporting.
  • Six years of progressive-growth experience within Operational Risk Management, Technology Risk Management, and/or Enterprise Risk Management.
  • Hands-on experience in Operational Risk Tools, Metrics, and Monitoring Reports development and /or enhancement projects.
  • Second line Operational Risk experience with a Category 3 or larger financial institution.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,000.00 - $171,600.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Buffalo, New York, United States of America

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