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Operational Risk Manager Jobs in Irvine, CA (NOW HIRING)

Lead the company's risk management and insurance function across procurement, claims, and analytics ... Partner with Legal, HR, Operations, and Finance on incident response, litigation support, budgeting ...

Risk Manager

Costa Mesa, CA · On-site

$110K - $140K/yr

Lead the company's risk management and insurance function across procurement, claims, and analytics ... Liaison with internal field operations management to report on claim trends; review and consult ...

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Operational Risk Manager information

See Irvine, CA salary details

$50.4K

$129.6K

$254.4K

How much do operational risk manager jobs pay per year?

As of Jun 13, 2026, the average yearly pay for operational risk manager in Irvine, CA is $129,564.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,900.00 and $170,700.00 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 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.
What are the most commonly searched types of Operational Risk jobs in Irvine, CA? The most popular types of Operational Risk jobs in Irvine, CA are:
What job categories do people searching Operational Risk Manager jobs in Irvine, CA look for? The top searched job categories for Operational Risk Manager jobs in Irvine, CA are:
What cities near Irvine, CA are hiring for Operational Risk Manager jobs? Cities near Irvine, CA with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Irvine, CA as of June 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $129,564 per year, or $62.3 per hour.
RISK MANAGER

$10K - $14K/mo

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 6 days ago


Job description

Salary: $10,471.07 - $14,733.33 Monthly
Location : Huntington Beach, CA
Job Type: Full-Time
Job Number: 0054-0526
Department: Human Resources Department
Opening Date: 05/08/2026
Closing Date: Continuous
Description
**Updated 6/4/26 at 8:26 AMApplications will be accepted on a continuous basis.The first review of applications is scheduled to occur for applications received before 11:59 PM on June 7, 2026. This recruitment may close at any time after that date, once a sufficiently strong candidate pool has been established.Here in Huntington Beach, we believe passionately that the key to becoming the best beach City in the world starts and ends with finding the right people to join our team. At this time, we have an outstanding career opportunity available, as we're looking for the right person to serve as Risk Manager in our Human Resources Department.
The ideal candidate is a confident communicator and relationship builder who can work effectively with executive leadership, department directors, employees, legal counsel, insurers, brokers, and external agencies. They will have experience managing complex claims and insurance programs, interpreting laws and regulations, developing policies and procedures, and delivering training and guidance to diverse stakeholders.
If you have a strong background in risk management and are passionate about promoting safety and compliance, we encourage you to apply to this exciting opportunity!
Human Resources Department
Human Resources provides exceptional internal and external customer service in support of the City's Mission Statement and Core Values. Human Resources supports City departments and employees in all aspects of talent management and development, including recruitment, selection, training, and professional development. Human Resources oversees a variety of operational functions, including employee relations, health and retirement benefits administration, risk management, disability leave and return-to-work management, and classification and compensation.
The Risk Management Division is responsible for managing the City's risk-related programs. Risk Management develops, administers, and coordinates citywide liability insurance and risk management programs, including workers' compensation, liability claims administration, loss prevention, and employee safety. These comprehensive services are provided in compliance with mandated Federal and State labor and employment laws, the City of Huntington Beach Charter, Municipal Code, Personnel Rules & Regulations, and the collectively-bargained Memoranda of Understanding.
Examples of Essential Duties
  • Manages all City-wide services and activities of the Risk Management Division, including comprehensive risk management, workplace safety and industrial hygiene, third-party loss prevention, self insured, self-administered liability claims, self-insured, self-administered workers' compensation, risk financing, and safety officer industrial disability retirement programs.
  • Supervises staff providing risk analysis, risk management, loss prevention, loss control, and claim settlement services.
  • Reviews, oversees, and monitors contracts between the City and third-party administrators for workers' compensation and liability claims; ensures compliance with contractual terms and conditions, and local, state, federal government codes and regulations.
  • Coordinates loss control training and directs safety activities to avoid or reduce loss exposure.
  • Investigates areas of liability and recommends the possible extent and strategies for minimization.
  • Serves as a liaison with third party administrators, legal counsel, Cal-OSHA, CalPERS and other insurance staff, safety industry organizations, and other public and private agencies as the City's representative.
  • Participates in risk/insurance joint powers authorities as the City's representative.
  • Develops and maintains a comprehensive claims management system for processing public liability claims, including coordinating with third-party claims administrators.
  • Provides counseling for employees concerning workers' compensation and industrial disability retirement benefits.
  • Provides consulting expertise to all City departments to assist them with regulatory compliance in their areas of responsibility.
  • Directs and maintains in-house management and contract services to determine appropriate risk coverage and loss control techniques.
  • Attends court hearings and makes appearances for the City in matters of workers' compensation and liability property damage.
  • Participates in the interactive process to determine the assessment of the job and specific physical or mental limitations of an individual directly related to the need for reasonable work accommodation.
  • Formalizes specifications for the purchasing of insurance and other related services.

The preceding duties have been provided as examples of the essential types of work performed by positions within this job classification. The City, at its discretion, may add, modify, change or rescind work assignments as needed.
Minimum Qualifications
Any combination of education, training, and experience that would likely provide the knowledge, skills, and abilities to successfully perform in the position is qualifying. A typical combination includes:
Education: Bachelor's degree from an accredited college or university in business, public administration or other related field. Master's degree desirable.
Experience: Five (5) years' professional-level experience in the management of a comprehensive risk management program, including a minimum of one (1) year of managerial experience supervising professional, technical and support staff.
Licenses/Certifications: Possession of a valid California Class C driver's license and an acceptable driving record are required at the time of appointment and throughout employment.
Valid Associate in Risk Management (ARM) designation.
Application and Selection Procedure
  • An online application must be fully completed.
  • Applicants must clearly demonstrate that they meet the minimum education, experience, license and/or certification requirements to be considered. Applicants whose qualifications best meet the City's needs will be invited to participate in a virtual oral examination (weighted 100%) - date of exam is to be determined. (Updated 6/4/26)
  • Selection Interview
  • Background
  • Appointment

The City of Huntington Beach offers a comprehensive benefit package to Management Employees' Organization members including:
The SALARY RANGE is composed of seven steps. Merit step increases are based on satisfactory performance.
PROMOTIONS within the City are based upon the merit system principles emphasizing individual ability and utilizing competitive examinations.
TWELVE PAID HOLIDAYS provided per year.
GENERAL LEAVE with pay of 176 hours is granted to regular employees. After four years' service additional general leave hours are earned, up to 256 hours after fifteen years' service.
ADMINISTRATIVE LEAVE with pay is granted in the amount of 60 hours per calendar year.
EDUCATIONAL INCENTIVE PLANS are available for eligible employees to develop their knowledge and abilities.
GROUP INSURANCE PROGRAMS are available to eligible City employees. These programs include medical, dental, vision, long-term disability, life and accidental death and dismemberment insurances.
FLEXIBLE SPENDING ACCOUNTS are available where employees use pre-tax salary to pay for regular child care, adult dependent care and/or medical expenses.
RETIREMENT BENEFITS are provided by the California Public Employee's Retirement System. Every regular employee becomes a member immediately upon employment. Effective January 1, 2013, the Public Employees' Pension Reform Act will apply to new members of CalPERS. A new member is defined as a new hire who is brought into CalPERS membership for the first time on or after 1/1/13 and has no prior membership in a California public retirement system; is not eligible for reciprocity with another California public retirement system; or is rehired by a different CalPERS employer after a break in service of greater than six (6) months. All employees hired on or after January 1, 2013 will be subject to CalPERS membership review for applicability of PEPRA. Employees enrolled in CalPERS prior to January 1, 2013 are considered classic members.
The benefit formula, final compensation period, and member contribution rate is as represented below:
Classic Miscellaneous Members:
Benefit Formula Miscellaneous 2.5% at age 55
Final Compensation Period 1-year Final Compensation
Member Contribution Rate 9.0% of Reportable Compensation
New Miscellaneous Members under PEPRA:
Benefit Formula Miscellaneous 2% at age 62
Final Compensation Period 3-year Final Compensation
Member Contribution Rate 8.25% of Reportable Compensation (eff. 7/1/23)
DEFERRED COMPENSATION: Two voluntary deferred compensation 457 plans are available.
CREDIT UNION membership is available to all City employees and provides access to low interest loans.
FLEXIBLE WORK SCHEDULES: Employees will have the option of working a 5/40 or 9/80 work schedule with Supervisor and Department Head approval. Employees assigned to the Police Department shall retain the option of working the 4/10 work schedule with Supervisor and Department Head approval. In order to maintain service to the public, departmental effectiveness, productivity and/or efficiency, a Department Head may assign an employee a different work schedule that is in compliance with the requirements of FLSA with City Manager approval.
NOTE: The provisions of this bulletin do not constitute a contract expressed or implied, and any provisions contained herein may be modified or revoked without notice.
For a more detailed overview of the benefits, review the Memorandum of Understanding and Side Letters at: Click on the links under "Management Employees' Organization".
01
Do you possess a bachelor's degree or higher from an accredited college in business, public administration, or other related field?
  • Yes
  • No

02
Indicate the years of experience you possess in the management of a comprehensive risk management program.
  • None
  • Less than five (5) years
  • At least five (5) years but less than seven (7) years
  • Seven (7) years or more

03
Do you possess a valid Associate in Risk Management (ARM) designation?
  • Yes
  • No

Required Question