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Operational Risk Manager Jobs in Cleveland, OH (NOW HIRING)

In this senior leadership role of Technical Manager, Risk Assessment , you'll provide strategic ... and/or Operations), including progressive managerial experience. * For Canadian candidates ...

Payments Fraud Manager - Forensic Investigations and Fraud - Financial Services About Deloitte ... Advise on opportunities for process improvement and operational risk reduction. * Payments ...

Risk Analyst

Akron, OH · On-site

$120K - $142K/yr

Enterprise Risk Management (ERM) and Insurance Strategy & Operations. The Enterprise Risk Management team works across every area of FirstEnergy and it is expected that its senior contributors be ...

Risk Analyst

Akron, OH · On-site

$120K - $142K/yr

Enterprise Risk Management (ERM) and Insurance Strategy & Operations. The Enterprise Risk Management team works across every area of FirstEnergy and it is expected that its senior contributors be ...

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Operational Risk Manager information

See Cleveland, OH salary details

$45.6K

$117.1K

$229.8K

How much do operational risk manager jobs pay per year?

As of Jun 26, 2026, the average yearly pay for operational risk manager in Cleveland, OH is $117,064.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,300.00 and $154,200.00 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 are popular job titles related to Operational Risk Manager jobs in Cleveland, OH? For Operational Risk Manager jobs in Cleveland, OH, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Cleveland, OH look for? The top searched job categories for Operational Risk Manager jobs in Cleveland, OH are:
What cities near Cleveland, OH are hiring for Operational Risk Manager jobs? Cities near Cleveland, OH with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Cleveland, OH as of June 2026, with employment types broken down into 1% As Needed, 72% Full Time, 24% Part Time, 1% Temporary, and 2% Contract. Highlights an 83% Physical, 3% Hybrid, and 14% Remote job distribution, with an average salary of $117,064 per year, or $56.3 per hour.

Audit Project Manager-Commercial Risk/Credit Risk

Huntington

Cleveland, OH • On-site

$70K - $140K/yr

Full-time

Medical, Life, Retirement, PTO

Posted 16 days ago


Job description

Description

Huntington Bank's Internal Audit Department is searching for an Audit Project Manager with a passion for identifying and mitigating business risk. Serving as an advisor to your business segment, the Project Manager becomes both a subject matter expert in their designated field and a solid line of defense against threats, trusted by colleagues across the bank and external regulators.

From initial scope to final report, you will manage and coordinate financial and operational audits that ensure Huntington's compliance with policies, procedures, and laws. You will collaborate with colleagues across the Audit Department and the wider organization to learn key business processes, test and document results, and communicate with your stakeholders.

Our team works collaboratively and is driven by results, but we are flexible to our colleagues' needs. Work schedules and locations are customized to fit the team's ideal conditions. As part of the team, you will benefit from professional development that includes personalized development plans and ongoing coaching/education, with a focus towards achieving your career goals.

If you are the type of person who is passionate identifying risk and works with business partners to mitigate it while optimizing the business's performance, we should talk.

Duties & Responsibilities:

  • Lead audit teams in the execution of audit engagements and monitoring of key initiatives. Review workpapers and final report drafts. Ensure reporting is actionable and meaningful to stakeholders.

  • Mentor, coach, and develop the team to facilitate team engagement including conducting performance appraisals. Foster an environment of teamwork, inclusiveness, career growth, and development. Oversee the timely completion of audit projects. Assist in prioritizing work and navigating roadblocks. Coordinate/collaborate with 1st and 2nd Line of Defense partners to ensure alignment of schedules and test plans.

  • Strive to continuously improve the program through process improvements, including leveraging data/systems/etc. to automate testing, where applicable.

  • Effectively communicate findings and recommendations with stakeholders.

  • Validate audit findings to confirm issues are properly resolved, including formal follow-up testing to determine adequacy and effectiveness of action taken.

  • Develop and execute compliance monitoring programs and periodic testing procedures, including work papers and report formats. Monitor changes in laws, regulations, and policies as well as regulatory best practices impacting the monitoring and testing programs.

  • Performs other duties as assigned.

Basic Qualifications:

  • Bachelor's degree

  • 4+ years of experience that may be a combination of internal/external audit, business segment, or risk experience.

  • Professional certification (CPA, CIA, CAMS, CRCM, etc.) is required within 24 months of start date.

Preferred Qualifications:

  • 3+ years of Commercial Banking risk management experience or Credit Risk related experience, which could include Credit Risk Management, Problem Loan Management, Allowance for Credit Losses, Credit Review or Loan Review functions.

  • Working knowledge of recognized risk frameworks, i.e., COSO's Internal Control - Integrated Framework.

  • Intermediate level Adobe and Microsoft Office skills required, including Excel and Word required.

  • Motivated, career-focused, developer of talent.

  • Comprehensive knowledge of the risk governance regulatory environment and experience in managing or auditing the related risks.

  • Excellent verbal and written communication skills - Must be able to effectively communicate issues and concerns to various management levels within Huntington including executive management.

  • Excellent project management skills - Must be organized, detail-oriented, and able to work well under deadlines.

  • Proven leadership and mentoring capabilities - Must be able to accomplish goals through influence management and motivation.

  • Strong critical thinking and problem-solving skills are essential.

  • Develops relationships with senior managers.

  • Comfortable working in a team environment and supervising staff.

  • Strong analytical skills.

#LI-NG1

#LI-Onsite


Exempt Status: (Yes= not eligible for overtime pay) (No= eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Compensation Range:

$70,000-$140,000 Annually

The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.