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Operational Risk Manager Jobs in Cromwell, CT (NOW HIRING)

Conning

Chief Risk Officer

Hartford, CT · On-site

Design, implement, oversee, and maintain Conning's enterprise risk management framework and policies, including financial, operational, ICT, strategic, and reputational risks. * Identify, assess ...

Conning

Chief Risk Officer

Hartford, CT · On-site

Design, implement, oversee, and maintain Conning's enterprise risk management framework and policies, including financial, operational, ICT, strategic, and reputational risks. * Identify, assess ...

Farm Credit East

IT Operations Manager

Enfield, CT · On-site

Reduce operational risk through process maturity, automation, and disciplined change management. Vendor & Project Management * Manage relationships with technology vendors, MSPs, and service ...

Munich Re

Senior IT Risk Officer

Hartford, CT · Hybrid

... with complex IT operations, regulatory expectations, and technology risk across multiple ... Prepare clear reporting and executive-ready materials for senior stakeholders, executive management ...

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Operational Risk Manager information

See Cromwell, CT salary details

$47.6K

$122.2K

$240K

How much do operational risk manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for operational risk manager in Cromwell, CT is $122,246.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,400.00 and $161,000.00 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 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 job categories do people searching Operational Risk Manager jobs in Cromwell, CT look for?

The top searched job categories for Operational Risk Manager jobs in Cromwell, CT are:

What cities near Cromwell, CT are hiring for Operational Risk Manager jobs?

Cities near Cromwell, CT with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you

Senior Manager, Enterprise Actuarial - Catastrophe Risk Management

The Travelers Indemnity Company

Hartford, CT • On-site

$120K - $198K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted 20 days ago

Job description

Who Are We?
Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Job Category
Actuarial, Data Analytics
Compensation Overview
The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.
Salary Range
$120,400.00 - $198,700.00
Target Openings
1
What Is the Opportunity?
Travelers Enterprise Catastrophe Risk Management is seeking a Senior Manager to join our Actuarial and Analytics team.
This team provides enterprise governance, analytical insight, and decision support for catastrophe peril pricing to help ensure Travelers can successfully withstand catastrophic losses from natural and man-made perils.
The Actuarial & Analytics team leverages 3rd party catastrophe models, loss experience, industry data, and advanced analytics (including GLM/GBM multivariate analyses) to develop views of risk and inform pricing decisions. In this role, you will lead projects and workstreams (e.g., Business Plan, View of Risk by Peril, ratemaking exercises) and deliver insights and recommendations to leadership and business partners.
Background in actuarial science, advanced analytics, and ratemaking is preferred. Catastrophe modeling experience is a plus but not required. Success in this role requires strong collaboration, comfort operating in an innovation-driven environment, and the ability to deliver against business needs and deadlines.
Primary Responsibilities:
- Establish and maintain peril-specific views of risk
- Refine catastrophe loss experience trending methodologies
- Enhance and facilitate catastrophe business planning across the Enterprise
- Communicate findings and recommendations to team, peers, business partners, and senior leadership
- Contribute to catastrophe advanced analytics initiatives, such as evaluating vendor catastrophe model updates and enhancing benchmark pricing tools, using multivariate analyses
What Will You Do?
Strategy:
  • Hold a lead role in strategic planning as well as manage the successful execution and completion of assigned strategic initiatives and projects.
  • Develop solutions to resolve challenges of an initiative.
  • Propose change and innovation in order to improve project team performance and timelines.
  • This position will often participate on cross-unit initiatives and may participate on Enterprise initiatives.

Operational:
  • Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
  • Drive day to day execution within unit. Support broad department initiatives.
  • Begin to promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.
  • Begin to make decisions independently in accordance with department practices.
  • Begin to provide direction and review others' analytical work.
  • Begin to translate business requests into analytical solutions.
  • Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication:
  • Communicates analysis, project results, and other business initiatives on a regular basis to staff, peers, and business partners.
  • Communicates technical topics to non-technical audience with guidance from manager.
  • Actively participates and may lead group discussions.
  • Creates formal written communication such as memos or presentations with guidance.
  • Networks and collaborates on ideas and challenges.

Talent:
  • Staff responsibilities may include direct management of 1 to 2 individual contributors or interns.
  • Acquisition, retention, and development of talent for assigned unit.
  • Execute and communicate talent development processes, including performance and personal development goals.
  • Talent assessment recommendations.
  • Performance management.
  • Mentor less experienced talent across the Enterprise.
  • Onboard new employees and interns in unit.
  • Support various training and skill development initiatives across assigned Segment and the Enterprise.
  • May provide support for recruiting efforts and candidate talent assessment efforts.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?
  • College degree in STEM related field.
  • Associate Actuarial Credential.
  • Strong PC skills (MS Office) and programming skills (eg.
  • SQL, SAS).
  • 5+ years of quantitative analysis experience.
  • Strong understanding of insurance products and industry.
  • Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
  • Management experience.

Leadership:
  • Take ownership of projects including initiating the project, drawing up the project plan, carrying out the action items and make recommendations.
  • Proficient in Leading Self, exhibiting decisiveness and self-awareness while also effectively managing ambiguity.
  • Initial development of Leading Others, including modeling the way for others and leading team projects.
  • Initial development of Leading the Business, including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.

Business Acumen:
  • Has an in-depth understanding and knowledge of a few key business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.
  • Able to effectively utilize this business knowledge in developing analytic solutions.
  • Has a general perspective of certain areas of the industry and developing trends such as: technology, analytic methodology, products and performance of competitors.
  • Begins to be familiar with other key business drivers and discipline areas as well.

Relationship Management:
  • Proactively build and own professional business relationships across the BI&AA community across the Enterprise.
  • Generate and solicit ideas, and build consensus with guidance.
  • Aware of potential conflict and addresses with limited guidance.
  • Begin to acknowledge accomplishments of others within your primary working group.
  • Set and manage expectations with business partners for small projects.
  • Quantitative Analysis:
  • Evaluate and use appropriate data, tools and methods.
  • Independently perform and implement analytics.
  • May engage in technical/peer review.
  • Begin to design and able to contribute on more complex analytic work.
  • Begin to understand diverse perspectives to effectively accomplish business goals.

What is a Must Have?
  • Bachelor's Degree or equivalent experience.
  • 3 years of experience in quantitative analysis.

What Is in It for You?
  • Health Insurance: Employees and their eligible family members - including spouses, domestic partners, and children - are eligible for coverage from the first day of employment.
  • Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
  • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
  • Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.

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