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Operational Risk Manager Jobs in Ellicott City, MD

Bechtel

GBU Risk Manager

Reston, VA

Our services span from initial planning and investment, through start-up and operations. Core to ... The GBU Project Risk Manager is responsible for the support and guidance to Project Risk Management ...

Deloitte

Financial Risk Manager

Mclean, VA

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Deloitte

Financial Risk Manager

Baltimore, MD

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

Capital One

Senior Auditor - Risk Management

Mclean, VA

$81K - $100K/yr

As a member of the Audit team, the candidate will focus on audits of Enterprise and Operational Risk Management frameworks and processes in the Second Line of Defense, as well as the related risk ...

Capital One

Senior Auditor - Risk Management

Mclean, VA · On-site

$81K - $100K/yr

As a member of the Audit team, the candidate will focus on audits of Enterprise and Operational Risk Management frameworks and processes in the Second Line of Defense, as well as the related risk ...

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Operational Risk Manager information

See Ellicott City, MD salary details

$46.8K

$120.3K

$236.1K

How much do operational risk manager jobs pay per year?

As of Aug 8, 2026, the average yearly pay for operational risk manager in Ellicott City, MD is $120,265.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,200.00 and $158,400.00 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 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.

More about Operational Risk Manager jobs
What job categories do people searching Operational Risk Manager jobs in Ellicott City, MD look for? The top searched job categories for Operational Risk Manager jobs in Ellicott City, MD are:
What cities near Ellicott City, MD are hiring for Operational Risk Manager jobs? Cities near Ellicott City, MD with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Ellicott City, MD as of July 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $120,265 per year, or $57.8 per hour.

Wealth Management Operational Risk - Non-Financial Risk Assessment Assistant Vice President

Morgan Stanley

Baltimore, MD • On-site

$80K - $115K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago

Morgan Stanley rating

8.4

Company rating: 8.4 out of 10

Based on 155 frontline employees who took The Breakroom Quiz

30th of 150 rated financial services

Job description

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
This role will provide broad exposure to functions and business lines within Wealth Management. The primary focus will be on mitigating risk and improving the control environment in Wealth Management. Specific duties will include:
  • Assist in coordinating Non-Financial Risk Assessment (NFRA) activities across Wealth Management Business Units
  • Work closely with Business Risk group partners to ensure that operational risks are reported in a timely, accurate and thoughtful manner to appropriately inform residual risk profiles
  • Work closely with Operational Risk partners and Business Risk group partners to ensure the data quality of risks and controls are updated timely, in line with firm guidelines
  • Assist with metrics and analysis for senior management, which allows the ability to identify and track thematic operational risks
  • Perform analysis of NFRA and related Operational Risk data for quality assurance, and challenge the business on their risk profile
  • Partner closely with our control testing team, ensuring the outcome of testing feeds appropriately into the risk profile
  • Support ad-hoc projects to ensure appropriate solutions and/or analysis is delivered on-time and to a high level of quality

Required Qualifications:
  • Minimum 5 years of risk management experience within financial services, preferably within the Operational Risk Management discipline
  • Strong project management skills with the ability to work well within a team
  • Ability to build and maintain a network of contacts and coordinate with a large number of stakeholders
  • Solid interpersonal skills, including written and verbal communication
  • Strong organizational skills with the ability to multitask, prioritize and work under pressure and to tight deadlines
  • Strong analytical and problem solving skills (critical thinking ability)
  • Advanced knowledge of Microsoft Office suite, emphasis in Excel and PowerPoint
  • Bachelor's degree

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Salary range for the position: $80,000 and $115,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and X Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

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