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

US Department of the Navy

RISK MANAGER

Portsmouth, VA · On-site

$90K/yr

You will serve as a RISK MANAGER in the Operations Department, Code 300, Operations Planning Manager, Code 300.1 of NORFOLK NAVAL SHIPYARD.Qualifications:Your resume must demonstrate at least one ...

Sentara-9

Director, Risk Management

Virginia Beach, VA · On-site

$90 - $120/hr

Works closely with senior leadership to develop risk management strategies and provide insights into risk mitigation activities to safeguard the company's assets, reputation, and operations.

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Operational Risk Manager information

See Chesapeake, VA salary details

$45.6K

$117.2K

$230.2K

How much do operational risk manager jobs pay per year?

As of Aug 26, 2026, the average yearly pay for operational risk manager in Chesapeake, VA is $117,228.00, 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 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.

More about Operational Risk Manager jobs

What are the most commonly searched types of Operational Risk jobs in Chesapeake, VA?

The most popular types of Operational Risk jobs in Chesapeake, VA are:

What are popular job titles related to Operational Risk Manager jobs in Chesapeake, VA?

For Operational Risk Manager jobs in Chesapeake, VA, the most frequently searched job titles are:

What job categories do people searching Operational Risk Manager jobs in Chesapeake, VA look for?

The top searched job categories for Operational Risk Manager jobs in Chesapeake, VA are:

What cities near Chesapeake, VA are hiring for Operational Risk Manager jobs?

Cities near Chesapeake, VA with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Chesapeake, VA as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $117,228 per year, or $56.4 per hour.

RISK MANAGER

U.S. Department of Defense (DOD)

Portsmouth, VA • On-site

$90K/yr

Full-time

Posted 6 days ago

U.S. Department Of Defense rating

7.8

Company rating: 7.8 out of 10

Based on 538 frontline employees who took The Breakroom Quiz

27th of 49 rated military and defense

Job description

You will serve as a RISK MANAGER in the Operations Department, Code 300, Operations Planning Manager, Code 300.1 of NORFOLK NAVAL SHIPYARD.Qualifications:Your resume must demonstrate at least one year of specialized experience at or equivalent to the GS-11 grade level or pay band in the Federal service or equivalent experience in the private or public sector. Specialized experience must demonstrate the following:
  • Experience with risk management for complex naval ship and submarine overhaul, repair, and conversion.
  • Experience utilizing management information systems and databases to collect metrics, analyze operational data, apply fact-finding techniques, and provide executive-level assessments and recommendations.
  • Experience utilizing quantitative analysis and advanced evaluative methods to assess risks and develop comprehensive solutions for complex challenges impacting cost, schedule, technical quality, and environmental/safety.
  • Experience advising senior management on the acceptance, mitigation, transfer, or avoidance of operational risks.
Additional qualification information can be found from the following Office of Personnel Management web site: https://www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standards/#url=List-by-Occupational-Series
Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., professional, philanthropic, religious, spiritual, community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment.Education:Employment Type: OTHER

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