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Operational Risk Manager Jobs in Hamilton, VA (NOW HIRING)

Certified Business Continuity Professional (CBCP/MBCP)Certified in Risk and Information Systems Control (CRISC)Certified Information Security Manager (CISM)Other operational risk or resilience ...

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Certified Business Continuity Professional (CBCP/MBCP)Certified in Risk and Information Systems Control (CRISC)Certified Information Security Manager (CISM)Other operational risk or resilience ...

New

Lead Risk Specialist

Mclean, VA

$99K/yr

Audit-Ready Operations: Foster a culture of proactive risk awareness, helping manage horizontal routines to ensure the business is continuously audit-ready. * Cross-Functional Collaboration: Partner ...

Lead Risk Specialist

Mclean, VA · On-site

$99K/yr

Audit-Ready Operations: Foster a culture of proactive risk awareness, helping manage horizontal routines to ensure the business is continuously audit-ready. * Cross-Functional Collaboration: Partner ...

Partner effectively with specialized teams across the enterprise-including Operational Risk Management, Enterprise Risk Management, Compliance, Business Risk Offices, Information Technology, Internal ...

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

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 ...

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 ...

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 ...

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 Hamilton, VA salary details

$48.1K

$123.5K

$242.6K

How much do operational risk manager jobs pay per year?

As of Jul 22, 2026, the average yearly pay for operational risk manager in Hamilton, VA is $123,544.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,200.00 and $162,700.00 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.

What cities near Hamilton, VA are hiring for Operational Risk Manager jobs? Cities near Hamilton, VA with the most Operational Risk Manager job openings:
Operational Risk Business Lead, Exams and Audits

Operational Risk Business Lead, Exams and Audits

Freddie Mac

Mclean, VA • On-site

Full-time

Re-posted 9 days ago


Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
We are seeking an experienced business lead to join our Divisional Risk Management team as the Operational Risk - Exams and Audit Business Lead. In this pivotal role, you will oversee operational risk activities related to the development, implementation, and management of business processes across the organization. Key responsibilities include ensuring strong governance, identifying and mitigating risks within Single-Family Acquisitions (SFA) operations, and supporting internal audits and regulatory (FHFA) examinations. You will coordinate and execute exam and audit activities, partner with business units, risk, and compliance teams to maintain effective controls, drive timely remediation of process issues, and promote a culture of operational excellence and compliance throughout the organization.
We invite you to apply and contribute to Freddie Mac's mission of making home possible!
Our Impact:
The Single-Family Acquisitions Operational Risk team safeguards Freddie Mac's mission by proactively identifying and addressing operational risks. Through rigorous exams and audits, we strengthen risk controls, enhance compliance, and enable confident decision-making-ensuring the integrity and resilience of single-family acquisitions.
Your Impact:
The primary responsibilities generally fall into the following two categories:
Regulatory Exams, Governance and Audits:
  • Facilitate internal meetings to identify, document, escalate, and resolve roadblocks during audits and regulatory exams.

  • Collaborate with key stakeholders (process owners, project managers, enterprise risk, Internal Audit, and regulatory agencies) to facilitate exam and audit processes end-to-end.

  • Partner with the Business areas as an operational risk subject matter expert to provide feedback/input on business process policies, standards, risks /controls and procedures.

  • Work with the Governance Team to deliver management and business divisions with summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions.

  • Maintain a centralized audit tracker to monitor engagement progress, evidence submission, and reporting deadlines.

  • Reporting: Ensure timely progress and status reporting on exams and audits and any impending issues.

Issue Management/Operational Risk:
  • Provide oversight and review of action plans for all audit findings and regulatory issues; ensure completion of action plans in a timely manner.

  • Partner with management to evaluate progress on risk assessments and remediation of key issues, facilitating the overall improvement of the internal control environment.

  • Demonstrate working proficiency with Governance, Risk and Compliance (GRC)/Risk Management Tools such as Bwise, ServiceNow, or similar platforms.

  • Review, develop and communicate divisional risk and control assessments.

  • Assist management in gathering, analyzing, aggregating, and reporting issue remediation progress.

Qualifications:
  • Bachelor's degree in Risk Management, Business Administration, Finance, or related field, preferred

  • 8-10 years of experience in operational risk, audit, compliance, or issue management within financial services or banking. Advanced degrees or certifications (e.g., PMP, CISA, CPA) are preferred.

  • Strong understanding of business process-related policies, standards, and procedures, regulatory requirements, risk frameworks, and internal control best practices.

  • Proficient in GRC platforms (e.g.,Bwise, ServiceNow) and reporting tools (e.g., Power BI, Tableau).

  • Detail oriented with hands-on experience in end-to-end exam/audit and issue management activities.

  • Exceptional communication & presentation skills to effectively engage with internal stakeholders and external regulators.

  • Superior critical thinking skills with a proactive approach to identify risks and develop mitigation strategies.

  • Excellent organizational skills with strong analytical & proven problem-solving abilities

Keys to Success in this Role:
  • Significant experience handling multi-faceted projects simultaneously that have cross-departmental impact.

  • Detail-oriented with strong quantitative/analytical skills.

  • Proven ability to plan, organize, and effectively complete risk mitigation and operational improvement initiatives.

  • Outstanding communication and negotiation skills.

  • Expert skill using innovative thinking to solve problems and facilitate the decision-making process.

Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $126,000 - $188,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

Freddie Mac logo

About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970