... operations, and claims and litigation. The Senior Risk Manager is responsible for overseeing the work of the Risk Manager within their service lines. Duties & Responsibilities Clinical Patient Safety
... operations, and claims and litigation. The Senior Risk Manager is responsible for overseeing the work of the Risk Manager within their service lines. Duties & Responsibilities Clinical Patient Safety
Manager, Cybersecurity Governance and Risk Responsibilities: - Assist with the development ... the operation of law practices and advanced knowledge of MS Outlook, Word, Excel, Visio, and ...
Manager, Cybersecurity Governance and Risk Responsibilities: - Assist with the development ... the operation of law practices and advanced knowledge of MS Outlook, Word, Excel, Visio, and ...
At least 2 years of Operations, Financial Services Compliance or Risk Management experience * At least 2 years of experience in Process Management or Project Management Preferred Qualifications:
At least 2 years of Operations, Financial Services Compliance or Risk Management experience * At least 2 years of experience in Process Management or Project Management Preferred Qualifications:
... Operational Risk Management, and Compliance in support of the company's 3LOD program. * Work with ... Direct experience as the accountable risk leader manager 1LOD regulatory and audit activities.
... Operational Risk Management, and Compliance in support of the company's 3LOD program. * Work with ... Direct experience as the accountable risk leader manager 1LOD regulatory and audit activities.
Clearing Deliveries & Risk Analyst
Chicago, IL · On-site
$27.69 - $46.15/hr
As a Clearing Deliveries & Risk Analyst, you will step into a pivotal role, monitoring the ... Operational Discipline: Strong documentation skills and the ability to manage a flexible schedule ...
Clearing Deliveries & Risk Analyst
Chicago, IL · On-site
$27.69 - $46.15/hr
As a Clearing Deliveries & Risk Analyst, you will step into a pivotal role, monitoring the ... Operational Discipline: Strong documentation skills and the ability to manage a flexible schedule ...
... Operational Risk Management, and Compliance in support of the company's 3LOD program. * Work with ... Direct experience as the accountable risk leader manager 1LOD regulatory and audit activities.
... Operational Risk Management, and Compliance in support of the company's 3LOD program. * Work with ... Direct experience as the accountable risk leader manager 1LOD regulatory and audit activities.
Fraud Risk Analytics Manager
Chicago, IL · Hybrid
$105K - $130K/yr
... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...
Fraud Risk Analytics Manager
Chicago, IL · Hybrid
$105K - $130K/yr
... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...
Fraud Risk Analytics Manager
Chicago, IL · Hybrid
$105K - $130K/yr
... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...
Fraud Risk Analytics Manager
Chicago, IL · Hybrid
$105K - $130K/yr
... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Collaborate with operations and product teams to ensure well-defined objective functions which are ...
REQUIRED - Bachelor's degree, or equivalent work experience. - Typically 10+ years of applicable experience in risk management, compliance, audit, technology risk, or operational risk. PREFERRED ...
REQUIRED - Bachelor's degree, or equivalent work experience. - Typically 10+ years of applicable experience in risk management, compliance, audit, technology risk, or operational risk. PREFERRED ...
The Sr. Risk Manager will be responsible for establishing the regulatory framework and operational controls necessary to safely handle DG shipments across air, ground, and ocean freight lanes ...
The Sr. Risk Manager will be responsible for establishing the regulatory framework and operational controls necessary to safely handle DG shipments across air, ground, and ocean freight lanes ...
The Sr. Risk Manager will be responsible for establishing the regulatory framework and operational controls necessary to safely handle DG shipments across air, ground, and ocean freight lanes ...
The Sr. Risk Manager will be responsible for establishing the regulatory framework and operational controls necessary to safely handle DG shipments across air, ground, and ocean freight lanes ...
Assistant Director, Risk Management & Patient Safety
Chicago, IL · On-site
$152.59K - $180.28K/yr
... operations, and claims and litigation. The Senior Risk Manager is responsible for overseeing the work of the Risk Manager within their service lines. Duties & Responsibilities Clinical Patient Safety
Assistant Director, Risk Management & Patient Safety
Chicago, IL · On-site
$152.59K - $180.28K/yr
... operations, and claims and litigation. The Senior Risk Manager is responsible for overseeing the work of the Risk Manager within their service lines. Duties & Responsibilities Clinical Patient Safety
Assistant Director, Risk Management & Patient Safety
Chicago, IL · On-site
$152.59K - $180.28K/yr
... operations, and claims and litigation. The Senior Risk Manager is responsible for overseeing the work of the Risk Manager within their service lines. Duties & Responsibilities Clinical Patient Safety
Assistant Director, Risk Management & Patient Safety
Chicago, IL · On-site
$152.59K - $180.28K/yr
... operations, and claims and litigation. The Senior Risk Manager is responsible for overseeing the work of the Risk Manager within their service lines. Duties & Responsibilities Clinical Patient Safety
Director, Technology Risk
Chicago, IL · On-site
... operational risk, and technology change risk * Demonstrated success embedding risk-based thinking into technology portfolio management and investment decision-making in partnership with Finance ...
Director, Technology Risk
Chicago, IL · On-site
... operational risk, and technology change risk * Demonstrated success embedding risk-based thinking into technology portfolio management and investment decision-making in partnership with Finance ...
The Sr. Risk Manager will be responsible for establishing the regulatory framework and operational controls necessary to safely handle DG shipments across air, ground, and ocean freight lanes ...
The Sr. Risk Manager will be responsible for establishing the regulatory framework and operational controls necessary to safely handle DG shipments across air, ground, and ocean freight lanes ...
We are seeking an experienced VP - Product Due Diligence & Risk Approval Lead to support the execution, governance, and operational management of product due diligence and risk approval processes for ...
New
We are seeking an experienced VP - Product Due Diligence & Risk Approval Lead to support the execution, governance, and operational management of product due diligence and risk approval processes for ...
New
Third Party Risk Analyst
$86K - $101K/yr
This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...
Third Party Risk Analyst
$86K - $101K/yr
This role plays a critical part in protecting Citizens from regulatory, operational, financial, and reputational risk by executing proactive payment network compliance oversight, managing network ...
We are seeking an experienced VP - Product Due Diligence & Risk Approval Lead to support the execution, governance, and operational management of product due diligence and risk approval processes for ...
New
We are seeking an experienced VP - Product Due Diligence & Risk Approval Lead to support the execution, governance, and operational management of product due diligence and risk approval processes for ...
New
Senior Manager - Digital Risk (Remote)
Chicago, IL · On-site +1
United's CDR team plays a critical role in protecting our operations by enabling secure and ... Our mission is to seamlessly embed cybersecurity and digital risk management into every aspect of ...
Senior Manager - Digital Risk (Remote)
Chicago, IL · On-site +1
United's CDR team plays a critical role in protecting our operations by enabling secure and ... Our mission is to seamlessly embed cybersecurity and digital risk management into every aspect of ...
Commercial Risk Advisor
Chicago, IL · On-site
Engage JV asset managers, functional assurers, risk practitioners and others to conduct risk ... operations * Work with RS&M European midstream RPOs for consistency and best practice sharing
Commercial Risk Advisor
Chicago, IL · On-site
Engage JV asset managers, functional assurers, risk practitioners and others to conduct risk ... operations * Work with RS&M European midstream RPOs for consistency and best practice sharing
Operational Risk Manager information
See Geneva, IL salary details
$45.9K - $62.7K
5% of jobs
$72.9K is the 25th percentile. Wages below this are outliers.
$62.7K - $79.6K
33% of jobs
The median wage is $94.5K / yr.
$79.6K - $96.4K
14% of jobs
$96.4K - $113.3K
14% of jobs
$113.3K - $130.2K
5% of jobs
$142.1K is the 75th percentile. Wages above this are outliers.
$130.2K - $147K
6% of jobs
$147K - $163.9K
7% of jobs
$163.9K - $180.7K
5% of jobs
$180.7K - $197.6K
2% of jobs
$197.6K - $214.4K
8% of jobs
$214.4K - $231.3K
0% of jobs
$45.9K
$117.8K
$231.3K
How much do operational risk manager jobs pay per year?
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?
What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?
What is the difference between Operational Risk Manager vs Risk Analyst?
| Aspect | Operational Risk Manager | Risk Analyst |
|---|---|---|
| Certifications | CFA, FRM, or similar | CFA, FRM, or similar |
| Work Environment | Financial institutions, banks, insurance companies | Financial firms, consulting, corporate risk teams |
| Responsibilities | Identify, assess, and mitigate operational risks; develop risk frameworks | Analyze 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.
Other
Posted 19 days ago
Job description
Position Summary
This position is responsible for the delivery of clinical risk management and patient safety services within assigned service lines throughout the state-wide University of Illinois clinical patient network and Mile Square Federally Qualified Healthcare Clinics. The University of Illinois clinical patient network includes the College of Medicine campuses at Rockford and Peoria, Department of Specialized Care for Children, and the University of Illinois College of Medicine clinics in the Chicago area. Risk management and patient safety services, as defined by the American Society for Health Care Risk Management, includes the domains of clinical patient safety, risk financing, legal and regulatory, health care operations, and claims and litigation. The Senior Risk Manager is responsible for overseeing the work of the Risk Manager within their service lines.
Duties & Responsibilities
Clinical Patient Safety
- Support the organization's Culture of Safety through leading Root Cause Analysis (RCA) of sentinel, serious harm and near miss events.
- Oversee timeline development by Risk Manager and conduct in person interviews with involved staff and subject matter experts.
- Utilize process mapping for RCA meeting presentations.
- Research evidence based best practices related to clinical processes.
- Recommend or develop related process improvement plans.
- Monitor process improvement plans through the organizational quality committee structure.
- Categorize events and contributing factors, oversee related data analysis by Clinical Data Practice Analyst and develop associated risk education for the organization and within assigned service lines.
- Lead the Critical Incident Debriefing (CID) process through identifying appropriate events for rapid review, overseeing initial fact gathering, timeline development and potential system improvements.
- In consultation with the Senior Director, determine appropriate events that require RCA or referral to the organizational quality committee structure.
- Oversee related data trending and analysis by Clinical Data Practice Analyst.
- Lead the investigation of events involving potential patient abuse by staff, including facilitating UIC police reporting, witness interviews, recommending administrative leave in consultation with Human Resources, securing video surveillance, ensure mandatory reporting obligations, communicate with patient on investigation progress and facilitate event through closure.
- Oversee the Risk Manager's review of patient safety events, including assignment of criteria-based harm and severity ratings.
- Review high harm events and oversee investigation of these including stabilization of the environment, witness interviews, record analysis, evidence retrieval, RCA or CID process and billing management.
- Serve as content expert for the medical error disclosure process.
- Provide contemporaneous and ongoing staff guidance on disclosure.
- Facilitate leadership consensus for disclosure of high harm events.
- Process may involve direct patient communication.
- Active leadership and participation in the Department's Care For the Caregiver program. Identify and refer staff for peer support. Participate in program training and periodic meetings.
- Lead or participate in National Patient Safety Goal Sub-committees, Failure Mode Effects Analysis (FMEAs) or other organizational patient safety committees or initiatives.
- Prepare or assist with reporting to the hospital wide Safety Committee.
- Maintain awareness of national patient safety initiatives and evaluate for inclusion to the organization's Safety program.
- Participate in 24/7 rotation providing University of Illinois and its affiliated Federally Qualified Healthcare Clinics system wide risk consultation.
- Maintain knowledge of healthcare operations provided state-wide within assigned service lines.
- Provide Consultation within service lines of potential workplace violence issues.
- Oversee the risk Manager's development of behavioral contracts, notification of University of Illinois police, and warning and termination letters. Engage with University of Illinois police and internal and external legal counsel as necessary.
Risk Financing
- Refer events to the appropriate University insurance programs that include potential medical malpractice, general liability, workers compensation and property claims.
- Support the preparation of the Senior Director's annual medical malpractice reinsurance renewal with data related to service line events and risk and patient safety initiatives.
Legal and Regulatory
- Liaison with Accreditation and Clinical Compliance on regulatory event investigations and periodic accreditation surveys within assigned service lines.
- Participate or lead fact-finding in regulatory investigations, associated system improvements and external reporting.
Investigate and prepare responsive documents for healthcare plan quality of care inquiries. - Advise on legal and regulatory issues including those related to informed consent for patient care, patient abuse and neglect, Illinois Healthcare Surrogate Act, Safe medical Devices Act (SMDA), medical record documentation, patient termination, withdrawal of care and patient privacy outlined in the Healthcare Insurance Portability and Accountability Act (HIPAA).
- Investigate or oversee referred healthcare compliance investigations and partner in resolution with Hospital Compliance.
Health Care Operations
- Proactively identify risk assessment opportunities within assigned service lines.
- Perform or supervise outside risk consultant risk assessments.
- Engage service line stakeholders in the risk assessment process.
- Lead or facilitate resulting recommendations in collaboration with service line and hospital leadership. Evaluate ongoing effectiveness of implemented strategies.
- Develop and present risk and patient safety education within assigned service lines. Develop patient safety stories resulting from RCAs and CIDs for organizational learning.
- Develop or review hospital and departmental policies, guidelines and protocols in consultation with the Senior Director for assigned service lines.
- Participate in Safety Leader Walkrounds. Assist Senior Director with resolution of assigned related follow-up.
- Oversee Risk Manager evaluation of referred patient complaints from Patient and Guest Experience.
- Oversee Risk Management and Patient Safety reports prepared by Clinical Practice Data Analyst regarding targeted and ongoing issues.
- Assist Senior Director with content and presentation for Resident bi-monthly Risk and Patient Safety meetings.
- Prepare relevant risk and safety information for medical staff quality meetings within assigned service lines.
- Attend departmental peer review committees and advise on peer review issues within assigned service lines.
- Identify appropriate cases for referral to multidisciplinary physician peer review and nursing peer review committees.
- Identify and document referral issues in the patient safety event report.
Claims and Litigation
- Identify and refer appropriate claims or potential medical malpractice or general liability litigation matters to University Claims.
- Advise physicians and staff regarding next steps with summons and complaints and related legal documents.
- Actively participate in quarterly medical malpractice case reviews by proactively identifying practitioner issues and associated system process improvements.
- Assist Senior Director with database collection and categorization of filed lawsuits and complaints.
- Utilize closed case summaries to develop targeted risk education.
- Assist University Claims staff with discovery production within assigned service lines.
- Delegate select claims requests to Risk Manager and review prior to production.
- Perform other related duties and participate in special projects as assigned.
About University of Illinois
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The University of Illinois, located in Urbana, Illinois, US, is a prominent entity in the higher education sector. Operating its official functions through its website uillinois.edu, the institution provides a range of educational programs and services. The University was founded in 1867 and has since grown dramatically both in size and reputation. Its core values are embodied in its mission to enhance the lives of its students and citizens in the state, nation, and world through leadership in learning, discovery, engagement, and economic development. The university boasts several notable achievements including producing Nobel laureates and Pulitzer prize winners. It is renowned for its research programs and is known for significant advancements across various fields including engineering, science, and humanities.
Industry
Colleges, universities, and professional schools
Company size
5,001 - 10,000 Employees
Headquarters location
Urbana, IL, US
Year founded
1974