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Operational Risk Manager Jobs in Houston, TX (NOW HIRING)

Cotton Holdings

Risk Analyst

Houston, TX

$55K - $65K/yr

Working closely with our Risk Manager and cross-functional teams, you'll contribute to loss reduction, financial efficiencies, and operational resilience. Here's a snapshot of your responsibilities:

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Waste Connections

Risk Specialist

The Woodlands, TX · On-site

$90K/yr

This role plays a critical part in supporting our insurance, claims, and risk management operations by ensuring data accuracy, driving coordination across stakeholders, and enabling informed decision ...

Deloitte

Payments Fraud Manager 1

Houston, TX

Payments Fraud Manager - Forensic Investigations and Fraud - Financial Services About Deloitte ... Advise on opportunities for process improvement and operational risk reduction. * Payments ...

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All JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Houston, TX

Operational Risk Manager information

See Houston, TX salary details

$44.9K

$115.3K

$226.3K

How much do operational risk manager jobs pay per year?

As of Jun 22, 2026, the average yearly pay for operational risk manager in Houston, TX is $115,270.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,200.00 and $151,800.00 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.
More about Operational Risk Manager jobs
What are the most commonly searched types of Operational Risk jobs in Houston, TX? The most popular types of Operational Risk jobs in Houston, TX are:
What are popular job titles related to Operational Risk Manager jobs in Houston, TX? For Operational Risk Manager jobs in Houston, TX, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Houston, TX look for? The top searched job categories for Operational Risk Manager jobs in Houston, TX are:
What cities near Houston, TX are hiring for Operational Risk Manager jobs? Cities near Houston, TX with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Houston, TX as of June 2026, with employment types broken down into 89% Full Time, 10% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $115,270 per year, or $55.4 per hour.
Risk Analyst

Risk Analyst

Cotton Holdings

Houston, TX

$55K - $65K/yr

Full-time

Medical, Retirement

Posted 2 days ago

Job description

Description

Join Our Team!
Are you passionate about navigating and mitigating risks in a dynamic environment? At Cotton Holdings, Inc., we believe in empowering individuals, driving meaningful change, and fostering success through innovative risk management strategies. As a Risk Analyst, you’ll play a vital role in ensuring operational and financial stability while helping us achieve our mission of total recovery and comprehensive solutions.


Who We Are
Cotton Holdings, Inc. is a global leader providing comprehensive solutions for property restoration, recovery, construction, and more. Whether we’re responding to natural disasters or managing large-scale development projects, our innovative team combines world-class talent with a vast inventory of company-owned assets to achieve exceptional results. Ready to be part of our dynamic, mission-driven team? Let’s get started!


Key Responsibilities

As a Risk Analyst, you’ll support our Enterprise Risk Management (ERM) team by analyzing and managing risks across Cotton’s diverse divisions, from Disaster Restoration to Culinary. Working closely with our Risk Manager and cross-functional teams, you’ll contribute to loss reduction, financial efficiencies, and operational resilience. Here’s a snapshot of your responsibilities:
  • Vendor and Subcontractor Evaluation: Ensure compliance with Cotton’s insurance requirements for all new vendors and subcontractors.
  • Certificates of Insurance Program: Lead and maintain the certificates of insurance program for Cotton and its affiliates.
  • Bonding and Surety Management: Manage our bonding and surety program to align with project needs.
  • Insurance Contract Review: Evaluate contract language to ensure adherence to Cotton insurance standards.
  • Claims and Risk Analysis: Support claims management and risk analysis projects to identify improvement opportunities.
  • Policy Development: Assist in developing and updating company and departmental policies and procedures.
  • Documentation and Reporting: Prepare and maintain required documentation for underwriting renewals and risk assessments.
  • Contract Assistance: Collaborate with clients and vendors on contract preparation, review, and revisions.
  • Impactful Work: Play a critical role in mitigating risks and ensuring financial and operational efficiency.
  • Collaborative Culture: Work alongside industry leaders and dedicated professionals who thrive in a fast-paced environment.
  • Career Growth: Expand your skills in risk management, insurance, and cross-functional collaboration.
  • Comprehensive Benefits: Enjoy competitive compensation, health insurance, and opportunities for professional development.


Skills, Knowledge and Expertise

What You Bring to the Table

  • Education & Designations: Bachelor’s degree in Risk Management, Insurance, or Business.  ARM, CRM or CPCU preferred or willing to obtain.
  • Experience: Recent college graduates are encouraged to apply. We offer real-world experience, exposure to senior leadership, and a clear path for professional growth within our organization. 

Skills:
  • Strong communication and computer skills.
  • Proficiency in insurance and risk management practices.
  • Familiarity with contract review, vendor management, and certificates of insurance.
  • Ability to handle multiple projects and adapt to shifting priorities.
  • Industry Knowledge: Familiarity with the construction, restoration, culinary, or trucking industry is a plus.



Benefits
  • Impactful Work: Make a difference by helping businesses prepare for and recover from disasters.
  • Collaborative Culture: Work alongside passionate, talented professionals in a fast-paced environment.
  • Career Growth: Expand your skills and grow within a dynamic, industry-leading company.
  • Competitive Compensation & Benefits: Enjoy a strong benefits package, including healthcare, retirement plans, and more.