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Operational Risk Manager Jobs in Colorado Springs, CO

AMERICAN SYSTEMS

NISSC 3 Risk Manager

Colorado Springs, CO · On-site

$116K - $194K/yr

As the Risk Manager on the NISSC 3 program , you will lead the identification, assessment, tracking ... daily operations. • Apply quality assurance and quality control principles to risk-related ...

AMERICAN SYSTEMS

NISSC 3 Risk Manager

Colorado Springs, CO · On-site

$116K - $194K/yr

As the Risk Manager on the NISSC 3 program , you will lead the identification, assessment, tracking ... daily operations. • Apply quality assurance and quality control principles to risk-related ...

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Operational Risk Manager information

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$46.3K

$119K

$233.6K

How much do operational risk manager jobs pay per year?

As of Jul 30, 2026, the average yearly pay for operational risk manager in Colorado Springs, CO is $118,954.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,400.00 and $156,700.00 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.

More about Operational Risk Manager jobs
What are popular job titles related to Operational Risk Manager jobs in Colorado Springs, CO? For Operational Risk Manager jobs in Colorado Springs, CO, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Colorado Springs, CO look for? The top searched job categories for Operational Risk Manager jobs in Colorado Springs, CO are:
What cities near Colorado Springs, CO are hiring for Operational Risk Manager jobs? Cities near Colorado Springs, CO with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Colorado Springs, CO as of July 2026, with employment types broken down into 84% Full Time, 14% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $118,954 per year, or $57.2 per hour.

NISSC 3 Risk Manager

AMERICAN SYSTEMS

Colorado Springs, CO • On-site

$116K - $194K/yr

Full-time

Medical, Retirement, PTO

Re-posted 23 days ago

Job description

AMERICAN SYSTEMS is seeking our Next Risk Manager!

As the Risk Manager on the NISSC 3 program, you will lead the identification, assessment, tracking, and reporting of program risks, issues, and opportunities. You will develop and drive mitigation strategies, maintain risk management artifacts, and ensure leadership has clear, timely insight into risk posture across the program.


• Run risk working groups, facilitate discussions with technical and program stakeholders, and ensure risks are communicated, documented, and managed effectively. This role also leverages strong quality assurance/quality control experience to ensure risk and quality practices are aligned in a service-based, mission-critical environment. 

Proactively identify, analyze, and assess program risks, issues, and opportunities across technical, schedule, cost, and performance dimensions.
• Develop, document, and track risk mitigation and contingency strategies; monitor effectiveness and adjust as needed.
• Maintain and update risk registers and other risk management artifacts in accordance with program and organizational standards.
• Develop and deliver risk management plans, status reports, and briefings for program and government leadership.
• Plan and facilitate recurring risk working groups and risk review meetings; drive action item closure and decision-making.
• Ensure risks, issues, and opportunities are clearly communicated and addressed in a timely, effective manner.
• Coordinate with project managers, engineering, cybersecurity, QA, and logistics personnel to integrate risk management into daily operations.
• Apply quality assurance and quality control principles to risk-related processes, ensuring consistency, traceability, and audit readiness.
• Support continuous improvement of risk and quality management processes, tools, and metrics.


  • 7-10 years of relevant experience
  • Significant experience (senior level) in risk management for complex programs, preferably in DoD, cyber, or systems/IT environments.
    Demonstrated expertise in proactively identifying, assessing, and tracking risks, issues, and opportunities.
    Experience developing and implementing mitigation strategies and monitoring their effectiveness.
    Experience planning and conducting risk management meetings (e.g., risk working groups) and preparing detailed risk reports and briefings.
    Expertise in all major aspects of quality assurance and quality control, with substantial experience leading and supporting quality activities in a service-based environment.
  • Bachelor’s degree in one of the following (or closely related field):
    • Information Technology (IT)
    • Cybersecurity
    • Computer Science (CS)
    • Information Systems (IS)
    • Data Science
    • Software Engineering
    • OR equivalent DoD/Military training and experience in risk management, cybersecurity, QA/QC, or related field.
  • Active Secret clearance at time of hire.
    • Ability to obtain and maintain TS/SCI as required by the program.
  • Holds a qualifying CSSP certification (in accordance with DoD 8140/8570 for the appropriate role category).

Notice of Anticipated Employment Opportunities

These positions are being posted in anticipation of future employment opportunities, which may become available beginning around June 2026. Actual hiring and start dates will depend on contract award, organizational needs and other factors. Candidates may be considered for these or similar positions as opportunities arise.


AMERICAN SYSTEMS is committed to pay transparency for our applicants and employee-owners. The salary range for this position is USD $116,200.00/Yr. - USD $194,000.00/Yr. Actual compensation will be determined based on several factors permitted by law. AMERICAN SYSTEMS provides for the welfare of its employees and their dependents through a comprehensive benefits program by offering healthcare benefits, paid leave, retirement plans, insurance programs, and education and training assistance.
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