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Operational Risk Manager Jobs in Hillside, NJ (NOW HIRING)

Jump Trading

Risk Manager | Equities

New York, NY · On-site

$150K - $200K/yr

The department manages moment-to-moment risk for all trading teams and is responsible for ... Serve as the NYC go-to operational risk partner: set and monitor exposure limits and guardrails ...

Bullish

Financial Risk Manager

New York, NY · On-site

The Financial Risk Manager will ensure the systemic risk controls and models meet all regulatory ... operational risk, legal risk, and inflation risk. Analyze new products, processes, and market ...

Bullish

Financial Risk Manager

New York, NY · On-site

The Financial Risk Manager will ensure the systemic risk controls and models meet all regulatory ... operational risk, legal risk, and inflation risk. Analyze new products, processes, and market ...

Weill Cornell Medical College

Risk Manager

Manhattan, NY · On-site

$136K - $154K/yr

Title: Risk Manager Location: Midtown Org Unit: Risk Management and Insurance Work Days: Weekly ... Support daily operations of the University and WCM insurance portfolios-including but not limited ...

Crowe LLP

Third Party Risk Manager

New York, NY · On-site

... operational risk, privacy, and broader TPRM practices. The position will work within a Crowe team ... Managing and overseeing assessment teams, project timelines, and client deliverables across ...

Crowe LLP

Third Party Risk Manager

New York, NY

... operational risk, privacy, and broader TPRM practices. The position will work within a Crowe team ... Managing and overseeing assessment teams, project timelines, and client deliverables across ...

Kalshi

Operations Risk Analyst

New York, NY · On-site +1

$100K - $140K/yr

Familiarity with clearing processes and operational risk management best practices * 1-2 years of experience in listed derivatives, repo, treasury, or OTC markets, ideally at a clearing house ...

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All JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Hillside, NJ

Operational Risk Manager information

See Hillside, NJ salary details

$47.7K

$122.5K

$240.6K

How much do operational risk manager jobs pay per year?

As of Jun 9, 2026, the average yearly pay for operational risk manager in Hillside, NJ is $122,543.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,600.00 and $161,400.00 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 does an Operational Risk Manager do?

An Operational Risk Manager is responsible for identifying, assessing, and mitigating risks within an organization that could arise from internal processes, systems, people, or external events. They develop and implement risk management policies, conduct risk assessments, and ensure compliance with regulations. Their goal is to minimize potential losses and protect the organization's assets and reputation by proactively managing operational risks.

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 Hillside, NJ look for? The top searched job categories for Operational Risk Manager jobs in Hillside, NJ are:
What cities near Hillside, NJ are hiring for Operational Risk Manager jobs? Cities near Hillside, NJ with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you

Officer -Operational Risk

National Bank of Kuwait

Manhattan, NY • On-site

Full-time

Posted 14 days ago

Job description

Job Purpose:

Contribute to the efficient and accurate processing of Operation Risk activities, including handling of all Investigation/Compensation inquiries, daily Bank Nostro Reconcilements, internal control duties, and the coordination and delivery of internal projects and process improvements in support of regulatory compliance, operational efficiency, and risk governance objectives.


Responsibilities:

Investigations and Compensation

  • Investigate and resolve USD and FX transactions inquiries, return of funds and reconciliation exceptions accurately escalating non-routine cases to management
  • Track and resolve all cases which migrate to the Compensation phase in accordance with BAFT-IFSA compensation rules where settlement is either due from or due to NBK NY, escalating non-routine cases to management
  • Responsible for accurate and timely monthly reporting for the department
  • Responsible for the accurate and timely month end reconciliation of all department related accounts (Comp, OFAC, etc.)

Reconcilements

  • Perform and review with management the daily bank reconciliations and distribute the daily report to all concerned parties
  • Identify if an investigation case needs to be generated in conjunction with reconciliation exceptions
  • Prepare entries and resolve reconciliation exceptions where applicable
Project Leadership & Change Management
  • Serve as project lead or workstream lead for internal operational risk, middle office, regulatory, or control‑enhancement initiatives as assigned by management.
  • Develop and maintain project documentation in line with standard project management disciplines, including project plans, timelines, scope definitions, key milestones, risks, assumptions, and dependencies.
  • Coordinate cross‑functional stakeholders (Operations, Trade Finance, Treasury, Compliance, IT, Finance, and Head Office counterparts) to ensure timely execution, issue resolution, and alignment with business objectives.
  • Support structured change management activities, including impact assessments, business requirements documentation, user testing coordination, implementation planning, and post‑implementation reviews.
  • Ensure appropriate governance, escalation, and management reporting for projects, including clear articulation of risks, controls, and decision points.
  • Identify opportunities for process improvements, automation, and control enhancements across Operational Risk, Investigations/Compensation, and reconciliation activities.
  • Partner with technology and business teams on system enhancements, upgrades, or new functionality, including requirements definition, user acceptance testing (UAT), and implementation support.
Qualifications and Experience:
  • Hands-on knowledge of Investigations/Compensation, Nostro Reconcilement and other Middle Office processing and procedures
  • Fully versed in BAFT/IFSA Compensation rules and regulations
  • 3+ years’ experience in Investigations/Compensation and Reconcilements
  • Knowledge of Equation, eGifts, Swift and Fedwire transaction processing structures, ICSWEB, WIT$WEB, Excel and Word
Skills Essential:
  • Prior Banking knowledge of Investigations/Compensation, Reconciliation & Middle Office processes and procedures
  • Ability to escalate and resolve problems quickly
  • Strong project coordination and organizational skills, with the ability to manage multiple workstreams, deadlines, and stakeholders
  • Ability to apply standard project management and change management practices in a controlled banking environment