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Operational Risk Manager Jobs in Fremont, CA (NOW HIRING)

Waymo

Insurance Risk Manager

Mountain View, CA · On-site +1

$158K - $194K/yr

We collaborate with our business development, product partnership, strategy and operations teams in ... Analyze and monitor activities within the risk management org and ensure proper documentation ...

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Operational Risk Manager information

See Fremont, CA salary details

$51.4K

$132.1K

$259.4K

How much do operational risk manager jobs pay per year?

As of Jun 13, 2026, the average yearly pay for operational risk manager in Fremont, CA is $132,132.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,500.00 and $174,100.00 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.
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Operational Risk Manager jobs near you
Insurance Risk Manager

Insurance Risk Manager

Waymo

Mountain View, CA • On-site, Remote

$158K - $194K/yr

Other

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Waymo is an autonomous driving technology company with the mission to be the world's most trusted driver. Since its start as the Google Self-Driving Car Project in 2009, Waymo has focused on building the Waymo Driver-The World's Most Experienced Driver-to improve access to mobility while saving thousands of lives now lost to traffic crashes. The Waymo Driver powers Waymo's fully autonomous ride-hail service and can also be applied to a range of vehicle platforms and product use cases. The Waymo Driver has provided over ten million rider-only trips, enabled by its experience autonomously driving over 100 million miles on public roads and tens of billions in simulation across 15+ U.S. states.

At Waymo Insurance, you will work on the cutting edge of emerging risk and related issues surrounding our transformational autonomous driving technology and help drive our business lines forward from technology ideation through scaled commercial deployment. We partner with our legal, public policy, safety, security and privacy experts to evaluate and manage risks for the autonomous driving world to come, advising on insurance trends, evaluating and quantifying product liability, auto, cyber and related risks to ensure we build the appropriate risk and insurance frameworks to support and protect our users around the world. We collaborate with our business development, product partnership, strategy and operations teams in the execution of our business plans to ensure the company's interests are well protected from existing, new and emerging risks. We support the legal, policy and regulatory teams as they optimize our exposure in line with our risk appetite through the review of contracts, evaluation and shaping of emerging law and regulation at both the state and federal level. And we anticipate, quantify and mitigate emerging risk by maintaining active relationships and frequent contact with insurance and AV industry partners.

In this hybrid role, you will report to the Head of Insurance Infrastructure

You will:

  • Manage large, complex insurance renewals and insurance-related processes to support Waymo's evolving business needs.
  • Independently drive outcomes for insurance projects, serving as a critical contributor and leader for cross-functional efforts.
  • Conduct regular reviews of existing processes, analyzing effectiveness and efficiency to execute necessary improvements and automation.
  • Analyze and monitor activities within the risk management org and ensure proper documentation alignment and follow-up with stakeholders.
  • Self-direct and guide team members through project milestones, communicating with stakeholders to acquire resources and present results.
  • Collaborate across teams, clearly articulating a subject matter point of view to identify, assess, and track risks.

You have:

  • Significant years of experience in insurance, risk management, or underwriting, with a track record of managing complex risks.
  • Technical Depth: Strong knowledge of commercial insurance lines (Auto, General Liability, etc.) and experience applying these to technology or fleet environments.
  • Process Improvement: Demonstrated ability to analyze business processes and build sustainable, repeatable improvements or process maps.
  • Project Management: Experience independently leading sub-projects or cross-functional work streams from scoping to execution.
  • Education: Bachelor's degree in Finance, Risk Management, or a related field (Master's or JD preferred)
  • Master's degree or higher in Business Administration, Finance, Risk Management, Law, or a related quantitative field.

We prefer:

  • Professional designations such as CPCU, ARM, or ARe, indicating advanced expertise in property-casualty insurance or risk management.
  • Juris Doctor (JD) degree from an accredited law school.
  • Experience working with or within a technology-focused organization, particularly one involved in autonomous systems or disruptive innovations.
  • Demonstrated experience in a global role, managing insurance programs across multiple international jurisdictions.
  • Proven track record of building and leading high-performing teams within a fast-paced and evolving environment.
  • Familiarity with alternative risk transfer mechanisms

Travel Required: 10%

The expected base salary range for this full-time position across US locations is listed below. Actual starting pay will be based on job-related factors, including exact work location, experience, relevant training and education, and skill level. Your recruiter can share more about the specific salary range for the role location or, if the role can be performed remote, the specific salary range for your preferred location, during the hiring process.

Waymo employees are also eligible to participate in Waymo's discretionary annual bonus program, equity incentive plan, and generous Company benefits program, subject to eligibility requirements.

Salary Range
$158,000—$194,000 USD

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