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Operational Risk Manager Jobs in Cypress, TX (NOW HIRING)

Synectics Inc

Director of Risk Management

Houston, TX · On-site

$160K - $180K/yr

President of Operations SUPERVISES: Risk Manager Education: * Master's degree such as MBA or MS Risk Management preferred. * A Juris Doctorate is preferred however passing the bar is not required.

Cotton Holdings

Risk Analyst

Houston, TX · On-site

Working closely with our Risk Manager and cross-functional teams, you'll contribute to loss reduction, financial efficiencies, and operational resilience. Here's a snapshot of your responsibilities:

Socket.dev

Human Risk Lead

Houston, TX · On-site

$150 - $180/hr

... operations, corporate functions, executives, and privileged users. * Update training using threat ... Manage policy communication, attestation, and adoption in a way that supports audit requirements.

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Operational Risk Manager information

See Cypress, TX salary details

$40.5K

$104K

$204.1K

How much do operational risk manager jobs pay per year?

As of Aug 18, 2026, the average yearly pay for operational risk manager in Cypress, TX is $103,971.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,300.00 and $137,000.00 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 Cypress, TX look for?

The top searched job categories for Operational Risk Manager jobs in Cypress, TX are:

What cities near Cypress, TX are hiring for Operational Risk Manager jobs?

Cities near Cypress, TX with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Cypress, TX as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $103,971 per year, or $50 per hour.

Director of Risk Management - Construction & Development

Transwestern

Houston, TX • On-site

Full-time

Re-posted 27 days ago

Job description

Transwestern is a vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, data centers, hotel, and life sciences. Across 35 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance.
Transwestern Services turns strategy into reality with consistency and accountability, collaborating to provide dynamic, tailored solutions. Whether representing a tenant, advising an investor or repositioning an asset, we operate with tenacity and own the outcome every time. Our 2,200-strong team works across service lines, ready to activate our full platform to deliver a customized, cohesive experience for clients.
POSITION SUMMARY:
The Director of Risk Management - Construction & Development is responsible for identifying, evaluating, and managing construction-related risk exposures across a national portfolio of ground-up developments, major capital projects, and tenant improvements. Reporting to the Senior Vice President of Risk Management, this role partners closely with Transwestern's Development, Construction Project Management, Legal, Procurement, and Operations to ensure that contractual risk transfer, insurance placement, and loss prevention strategies appropriately protect the firm throughout the project lifecycle.
The position focuses heavily on construction risk management, including builder's risk programs, Owner's Interest Liability, OCIP/CCIP participation, contractor insurance compliance, contract review, and claims management.
POSITION ESSENTIAL FUNCTIONS
Construction Risk Management
  • Identify, assess, and mitigate construction-related risk exposures for ground-up developments, redevelopments, and major capital projects
  • Support project teams during pre-development, design, and construction phases to proactively address risk issues
  • Advise on project-specific risk strategies including insurance structures, deductibles, retentions, and contractual indemnities
  • Support underwriting submissions and portfolio-level analytics for construction exposures

Insurance Program Oversight
Manage and administer construction-related insurance programs, including:
  • Builder's Risk
  • OCIP/CCIP (owner-controlled or contractor-controlled programs)
  • Contractor's Pollution Liability
  • Professional Liability (design professionals)
  • Installation Floater and Equipment Coverages
  • Coordinate placement and renewal of construction insurance programs with brokers and insurers
  • Evaluate project-specific insurance requirements versus enterprise programs

Contract Review & Risk Transfer
  • Review and negotiate construction, design, and consulting agreements to ensure appropriate:
  • Indemnification provisions
  • Insurance requirements and risk transfer clauses
  • Limitation of liability and consequential damages clauses
  • Collaborate with Legal and Construction teams to align template contracts with corporate risk tolerance
  • Assist in Contractor & Vendor Insurance Compliance for national development and construction project management operations

Claims & Loss Control
  • Manage construction-related claims, including:
    • Property damage
    • Defective work
    • Construction accidents and third-party liability claims
  • Coordinate claims handling with carriers, adjusters, legal counsel, and internal stakeholders
  • Analyze loss trends and recommend corrective actions to reduce future incidents

Safety & Loss Prevention
  • Partner with Construction and Safety teams to promote strong site safety and loss control practices
  • Review builder's risk loss control reports and field inspections
  • Support development of best practices for contractor safety performance and site controls

Reporting & Leadership Support
  • Prepare executive-level reporting on construction risk exposures, claims, and insurance performance
  • Support investment committee and project approval processes with risk assessments and insurance input
  • Contribute to continuous improvement of enterprise risk management and construction governance

Enterprise Risk Governance Support
  • Support enterprise-wide risk management initiatives and ensure alignment with corporate risk strategies
  • Assist in maintaining accurate risk data and reporting within RMIS platforms to support analytics and underwriting
  • Provide training and guidance to project stakeholders on risk management best practices
  • Support Senior Vice President of Risk Management in enterprise wide risk management initiatives.

POSITION REQUIREMENTS
Education:
  • A Bachelor's degree with emphasis in Risk Management, Finance, Business, or a related field.,
  • Relevant certifications (e.g., Certified Risk Manager, Certified Financial Risk Manager) are a plus.

Experience:
  • 7+ years of proven experience in construction risk management, insurance, or related field

Technical Skills:
  • Familiarity with commercial real estate risk management strategies, insurance, and risk transfer issues.
  • Thorough understanding of Owner and Property Manager risk and insurance exposures.
  • Experience supporting large-scale commercial real estate development projects
  • Strong working knowledge of:
    • Builder's risk insurance
    • Construction contracts (AIA and negotiated forms)
    • Construction liability and professional risk exposures
  • Proficiency in Microsoft 365 (Teams, SharePoint, Word, PowerPoint, Excel, Outlook)
  • Familiarity with use of online Risk Management Information Systems (RMIS)

Personal Skills:
  • Ability to keep information and internal communications confidential.
  • Demonstrate strong analytical capabilities with a high attention to detail.
  • Ability to manage multiple projects, changing priorities and time-sensitive, workload(s).
  • Ability to provide general direction/be self-managed/work independently.
  • Ability to provide efficient, timely, reliable, and courteous service to internal and external customers.
  • Exhibit excellent verbal and written communication for collaboration, negotiation, conflict mediation, and to work with a variety of personalities at all levels of the company.

Physical Skills:
  • Travel may be required.

WORK SHIFT:
LOCATION:
Houston, TX
ABOUT US
Our firm is built on a shared purpose: Empowering good people to do extraordinary things together. We hire smart, passionate, hard-working people who value both collaboration and independence. United by our brand promise, we own the outcome for clients, investors and partners. Learn more at transwestern.com.
All candidates selected for an offer of employment are subject to pre-employment background checks, which may include criminal history, education verification, motor vehicle records, credit history, and professional license verification. In addition, your employment with Transwestern is subject to successfully passing a drug screen check prior to you starting with the firm.
Transwestern logo

About Transwestern

Sourced by ZipRecruiter

The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.

Industry

Real estate

Company size

1,001 - 5,000 Employees

Headquarters location

Houston, TX, US

Year founded

1978

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