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

Govcio LLC

Risk Management Framework SME

Hampton, VA · On-site

$135K - $145K/yr

... manager (ISSM) background and hands-on experience with XACTA. You will guide system owners ... system operations across classified and unclassified environments. This position is located at ...

USAA

Manager, Claims Operations

Chesapeake, VA · On-site +1

$103K - $197K/yr

You will drive execution of operational risk management, regulatory compliance training, policies, and procedures. We offer a flexible work environment that requires an individual to be in the office ...

USAA

Manager, Claims Operations

Chesapeake, VA · On-site +1

$103K - $197K/yr

You will drive execution of operational risk management, regulatory compliance training, policies, and procedures. We offer a flexible work environment that requires an individual to be in the office ...

USAA

Manager, Claims Operations

Chesapeake, VA · On-site +1

$103K - $197K/yr

You will drive execution of operational risk management, regulatory compliance training, policies, and procedures. We offer a flexible work environment that requires an individual to be in the office ...

A Groundworks Company

Contract Manager

Virginia Beach, VA · On-site

$84K - $112K/yr

... operational risk. Duties and Responsibilities * Draft, review, and negotiate a broad range of ... Manage contracts from intake through execution and renewal * Implement and maintain standardized ...

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Operational Risk Manager information

See Chesapeake, VA salary details

$41.9K

$107.7K

$211.5K

How much do operational risk manager jobs pay per year?

As of Jun 11, 2026, the average yearly pay for operational risk manager in Chesapeake, VA is $107,706.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,600.00 and $141,900.00 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 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 June 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $107,706 per year, or $51.8 per hour.
Director of Clinical Risk Management

Director of Clinical Risk Management

Old Dominion University

Norfolk, VA • On-site

Full-time

Posted 5 days ago

Old Dominion University rating

7.5

Company rating: 7.5 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

263rd of 535 rated colleges and universities

Job description

Posting Details
Posting Details
Job Title
Director of Clinical Risk Management
Department
OFFICE OF RISK MANAGEMENT SS-VHS
Position Number
FP723A
Location
Norfolk, VA
Job Summary
The Director of Clinical Risk Management provides leadership and oversight of all clinical and operational risk management functions for the Elmer and Joan Brock Virginia Health Sciences at ODU (VHS), the EVMS Medical Group, and affiliated healthcare entities. Reporting to the Executive Director of Risk Management, this position assists in implementing and managing a comprehensive enterprise risk management (ERM) framework that integrates clinical, operational, financial, and reputational risk strategies across academic and clinical environments. The Director ensures healthcare-related risks are proactively identified, assessed, and mitigated; maintains compliance with accreditation and regulatory standards; and promotes a culture of patient safety and institutional accountability.
This position is required to complete a Statement of Personal Economic Interest upon hire in accordance with the Code of Virginia.
Position Type
FullTime
Type of Recruitment
General Public
Minimum Qualifications
Clinical Risk & Patient Safety Leadership
  • Expert-level understanding of clinical care processes, standards of care, patient safety science (human factors, high-reliability principles, just culture), diagnostic error, communication failures, transitions of care, medication safety, informed consent, documentation standards, and event prevention.
  • Ability to provide authoritative, real-time clinical risk guidance to physicians, APPs, nursing, and leadership during active events-balancing patient safety, ethical obligations, and liability exposure across diverse ambulatory and procedural settings.

Specialty-Specific Clinical Risk (Medical Group Practice)
  • Demonstrated knowledge of specialty-driven risk patterns and controls for:
  • OB/GYN: fetal monitoring, shoulder dystocia, postpartum hemorrhage, surgical consent, obstetric emergencies, high-risk pregnancy coordination.
  • Surgery & Procedural Practices (including ENT, Ophthalmology, Dermatology): wrong-site/wrong-procedure prevention, time-outs, specimen management, perioperative communications, sedation/airway considerations, post-op follow-up.
  • Radiation Oncology: treatment planning verification, dosing/field verification, safety time-outs, documentation of intent and consent, incident reporting pathways.
  • Psychiatry & Behavioral Sciences: suicide/self-harm risk assessment, involuntary holds, capacity/consent, duty to warn, documentation and continuity of care, boundary concerns.
  • Family & Community Medicine / PM&R: chronic disease management, diagnostic delay, care coordination, opioid/controlled substances risk, functional assessments, therapy/referral management.
  • Ability to translate these risks into standardized clinic protocols, training, and auditing.

Legal & Regulatory Compliance (Healthcare)
  • Advanced working knowledge of federal and state healthcare requirements and risk implications (HIPAA/privacy, documentation and record integrity, professional practice standards, scope-of-practice, mandated reporting, informed consent, telehealth considerations, EMTALA awareness when applicable, and patient rights).
  • Ability to partner with counsel to interpret requirements, set defensible clinical risk positions, and embed compliance into operational workflows.

Claims, Litigation, and Liability Exposure
  • Strong knowledge of professional liability/medical malpractice concepts: standard of care, causation, damages, documentation defensibility, disclosure and apology frameworks, privilege/peer review protections, claim lifecycle management, deposition preparation coordination, and insurer/TPA engagement.
  • Ability to oversee investigations with a "claims-ready" approach while prioritizing patient safety improvements.

Healthcare Operations & Systems
  • Deep familiarity with ambulatory and academic medical group operations, quality structures, credentialing/privileging concepts, interdepartmental workflows, emergency response pathways, patient grievances, and risk controls across clinical sites.
  • High proficiency with RMIS platforms (e.g., OrigamiRisk) and comfort leveraging EMR data for clinical event review, trend analysis, and corrective action monitoring.

Contracting, Risk Transfer, and Affiliation Governance
  • Advanced understanding of healthcare contracting risk (insurance requirements, indemnification, limitations of liability, clinical affiliation agreements, GME agreements, coverage for trainees, and third-party clinical services).
  • Ability to lead risk review and recommend contract language aligned with institutional risk tolerance and clinical realities.

Advanced Clinical and Risk Analysis
  • Ability to lead analysis of complex adverse events, near misses, patient complaints, and clinical claims; identify deviations from standards of care; evaluate documentation and communication quality; and determine priority mitigations.
  • Ability to produce clear, defensible executive summaries and recommendations tailored to clinical leaders.

Real-Time Consultative Leadership (High-Risk Events)
  • Ability to serve as the primary on-call/consultative risk leader for physicians, clinic administrators, nursing, and leadership during sentinel events and high-severity situations.
  • Ability to directs immediate response actions (care stabilization, escalation pathways, documentation guidance, preservation of evidence, and communication management) while coordinating with Patient Safety, Legal, Compliance, and insurers as needed.

Incident Investigation, RCA, and Corrective Action Governance
  • Ability to lead or chair RCAs and structured investigations; ensure consistent methodology; manages sensitive interviews; identifies system-level contributors; and drive sustainable corrective actions with defined owners, deadlines, metrics, and follow-up verification.

Disclosure, Communication, and Patient Relations Support
  • Ability to guide clinically appropriate disclosure processes and communication strategies with patients/families following adverse events, partnering with clinicians, patient relations, and counsel. Ability to ensure coordination of messaging, documentation standards, and follow-up planning.

Education, Training, and Culture of Safety Leadership
  • Ability to design and deliver targeted education to faculty, residents, fellows, and staff on patient safety, documentation, informed consent, escalation/reporting, and specialty-specific risk controls.
  • Ability to build a non-punitive learning environment that reinforces accountability, psychological safety, and continuous improvement.

Leadership, Influence, and Stakeholder Management
  • Demonstrated ability to lead across physician enterprise stakeholders (department chairs, clinic directors, practice administrators) and collaborate with senior executives.
  • Skilled in aligning diverse groups around risk priorities, establishing standards, and gaining adoption of practice changes.

Program and Project Management
  • Ability to set annual clinical risk management plans, priorities, and performance goals; manage multiple concurrent initiatives; oversee dashboards and reporting; and ensure timely execution across clinical departments and sites.

Enterprise Clinical Risk Strategy and Program Oversight
  • Ability to develop and execute a comprehensive clinical risk management program for a medical school and faculty medical group, including governance structures, standardized protocols, and performance monitoring across all clinical specialties and sites.

Prospective Risk Assessment & High-Reliability Methods
  • Ability to lead FMEA and other prospective risk assessments; identify high-risk clinical workflows; implement controls (standard work, checklists, time-outs, escalation triggers); and measure effectiveness over time.

Claims Prevention and Insurance/TPA Coordination
  • Ability partner with insurers/TPAs to manage claims exposure, support investigation strategy, improve documentation defensibility, and integrate claims learnings into safety improvements. Ability to ensure effective coordination with counsel and leadership while maintaining appropriate confidentiality and privilege.

Policy Development, Standardization, and Audit/Assurance
  • Ability to lead development/revision of clinical risk policies (event reporting, informed consent, documentation, chaperone policies, controlled substances practices, test result management, follow-up standards, procedural time-outs, radiation safety verification). Ability to establish audit mechanisms to verify adherence and reduce variation across clinics.

GME Oversight and Trainee Risk Controls
  • Ability to provide leadership for GME-related risk controls: resident supervision standards, escalation expectations, documentation practices, trainee onboarding/training, rotation agreements, and clear delineation of clinical responsibilities and coverage. Ability to coordinate with GME leadership on complex events and corrective actions.

Data-Driven Risk Trend Analytics and Reporting
  • Ability to build dashboards and executive reporting for trends in incidents, claims, patient complaints, specialty-specific events, and near misses. Ability to use data to set priorities, allocate resources, and target education and process improvements.

Regulatory Readiness and External Interface
  • Ability to support readiness for audits, reviews, and inquiries involving clinical risk issues; coordinates responses and documentation; and partner with compliance and counsel on regulatory reporting thresholds and institutional response.

Crisis Response and Sentinel Event Management
  • Ability to lead risk management response for high-severity events (wrong-site procedure, serious medication error, severe radiation dosing deviation, suicide attempt/self-harm event, severe OB outcomes). Ability to coordinate rapid mitigation, internal notifications, documentation expectations, and follow-up actions.

Clinical Contractual Risk Review and Risk Transfer
  • Ability to lead contract/affiliation review for clinical services and training arrangements; evaluates insurance and indemnification; recommend risk transfer strategies; and ensure agreements support clinical operations while protecting the institution.

Professional Judgment and Ethical Decision-Making
  • Ability to navigate ethically complex situations, competing priorities, and high-stakes decisions while maintaining integrity, confidentiality, and alignment with patient safety and organizational risk tolerance.

Relationship Management with Physician Leadership
  • Ability to partner effectively with department chairs and specialty leaders to implement standards, address practice variation, and resolve sensitive issues without undermining clinical autonomy.

Budget and Resource Planning
  • Ability to propose resource needs, justify investments (training, RMIS enhancements, audits), and manage program resources to achieve measurable safety and risk outcomes.
  • MBA, MPH, or other master's degree in a related field; or a Bachelor's degree in a related field with related experience equivalent to a master's degree.
  • Considerable progressively responsible experience in clinical risk management, including leadership roles.
  • Demonstrated expertise in clinical risk management, patient safety, and healthcare liability
  • Considerable knowledge of insurance management, risk financing principles, and regulatory compliance.
  • Strong leadership, analytical, and communication skills.

Preferred Qualifications
• Registered Nurse (RN) licensure preferred.
• JD or advanced degree in Nursing, Healthcare Administration, or related field strongly preferred.
• Certified Professional in Healthcare Risk Management (CPHRM) preferred.
Conditions of Employment
Job Open Date
05/07/2026
Open Until Filled
Yes
Application Review Date
05/25/2026
Job Close Date
Special Instructions to Applicants / Additional Materials Required
Criminal Background Check
The final candidate is required to complete a criminal history check.
Department Information
University Risk Management is serves as a trusted partner to the University community by overseeing the University's traditional risk management functions, including those supporting the Macon & Joan Brock Virginia Health Sciences at Old Dominion University. The department resides within the Office of Audit, Compliance, and Risk Management, and works collaboratively with University partners to advance loss prevention initiatives and manage claims and incidents.
Equity Statement
It is the policy of Old Dominion University to provide equal employment, educational and social opportunities for all persons, without regard to race (or traits historically associated with race including hair texture, hair type, and protective hairstyles such as braids, locks, and twists), color, religion, sex or gender (including pregnancy, childbirth, or related medical conditions), national origin, gender identity or expression, age, veteran status, disability, political affiliation, sexual orientation or genetic information. Individuals from minoritized communities, women, ve...

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