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Operational Risk Manager Jobs in Grimes, IA (NOW HIRING)

GreenState Credit Union

VP Credit Risk Management

Clive, IA · On-site

$186K - $218K/yr

... Operations, Risk Analytics, Collections, Special Assets, and Legal. * Underwriting & Risk Oversight ... Portfolio Management & Analytics • Monitor and report on Key Indicators (KIs); such as auto ...

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Operational Risk Manager information

See Grimes, IA salary details

$46.3K

$119K

$233.6K

How much do operational risk manager jobs pay per year?

As of Jul 23, 2026, the average yearly pay for operational risk manager in Grimes, IA is $118,967.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,400.00 and $156,700.00 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 is essential for effective risk oversight and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, ensure compliance with regulations, and often use risk management tools and data analysis to support decision-making.

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 certifications like FRM or ORM enhancing earning potential.

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 three C's of operational risk management?

The three C's of operational risk management are Culture, Controls, and Communication. These elements help organizations identify, assess, and mitigate risks effectively, which is essential for an Operational Risk Manager to ensure operational resilience and compliance. Developing strong controls and fostering a risk-aware culture are key skills in this role.

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 cities near Grimes, IA are hiring for Operational Risk Manager jobs? Cities near Grimes, IA with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you

AVP Operational & Model Risk

Athene Holding Ltd.

West Des Moines, IA • On-site

Full-time

Posted 11 days ago

Job description

We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations.
Purpose:
The AVP Operational and Model Risk plays a critical leadership role in advancing Athene's Operational and Model Risk Management frameworks. This role is responsible for driving consistent, high-quality execution of risk practices across the organization while partnering closely with business and functional leaders to strengthen risk identification, governance, and decision-making.
As part of Athene's broader risk organization, and backed by the scale and capabilities of Apollo, this role offers the opportunity to influence risk strategy across a complex, fast-growing platform. The ideal candidate brings a balance of technical risk expertise, leadership capability, and a proactive mindset to continuously enhance risk frameworks and drive meaningful business impact.
Accountabilities:
  • Lead the execution and continuous enhancement of Operational and Model Risk Management frameworks, ensuring consistent application across business units and alignment with risk appetite and regulatory expectations
  • Oversee operational risk assessments, incident and issue management, and risk monitoring activities, identifying key themes, emerging risks, and opportunities for improved controls and mitigation
  • Drive model risk governance processes, including oversight of model inventory, validation activities, and lifecycle management, ensuring robust documentation, transparency, and audit readiness
  • Partner with business leaders, actuarial, and functional stakeholders to provide effective challenge, support risk-informed decision-making, and ensure strong adoption of risk practices
  • Lead the development of clear, decision-useful reporting and insights for senior leadership and risk governance forums, including committees and regulatory engagements
  • Drive improvements to risk systems, tools, and processes, including the adoption of technology and AI-enabled capabilities to enhance efficiency, scalability, and transparency
  • Lead, develop, and coach a high-performing team, fostering a strong risk culture, accountability, and continuous learning across the function
  • Serve on the cross-functional AI forums, providing an Operational Risk perspective on the evaluation, adoption, and governance of AI and machine learning tools.

Qualifications and Experience:
  • 8+ years of relevant experience in operational risk, model risk, or related disciplines within financial services or insurance, including direct or indirect people leadership experience
  • Strong knowledge of operational and model risk frameworks, including risk assessment, incident management, and model lifecycle governance
  • Proven ability to influence stakeholders and provide effective challenge in a complex, cross-functional environment
  • Experience driving process improvements, governance enhancements, or risk framework maturity initiatives
  • Bachelor's degree in Business, Finance, Risk Management, or related field; advanced degree preferred

Drive. Discipline. Confidence. Focus. Commitment. Learn more about working at Athene.
Athene is a Military Friendly Employer! Learn more about how we support our Veterans.
Athene is committed to inclusion and is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law.

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