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Operational Risk Manager Jobs in Lorain, OH (NOW HIRING)

KeyBank

AI Risk Lead

Brooklyn, OH · On-site

Translate regulatory and policy requirements into actionable engineering controls, ensuring alignment with internal risk frameworks (e.g., Model Risk Management, operational risk) and external ...

Keybank

Investment Risk Officer

Brooklyn, OH · On-site

... operation risk through a clearly defined, practical, and executable risk framework. This role ... This is a foundational position for someone with experience in portfolio management, investment ...

Flexjet

Manager, Aviation Security

Cleveland, OH

Complete global security risk assessments and analysis to support flight operations * Develop and manage budgets for security operations and ensure financial efficiency * Ensure adherence to all ...

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All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Lorain, OH

Operational Risk Manager information

See Lorain, OH salary details

$42.7K

$109.6K

$215.2K

How much do operational risk manager jobs pay per year?

As of Aug 14, 2026, the average yearly pay for operational risk manager in Lorain, OH is $109,615.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,700.00 and $144,400.00 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 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 Lorain, OH look for?

The top searched job categories for Operational Risk Manager jobs in Lorain, OH are:

What cities near Lorain, OH are hiring for Operational Risk Manager jobs?

Cities near Lorain, OH with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Lorain, OH as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $109,615 per year, or $52.7 per hour.

AI Risk Lead

KeyBank

Brooklyn, OH • On-site

Full-time

Posted 24 days ago

KeyBank rating

8.2

Company rating: 8.2 out of 10

Based on 99 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

Location:
4910 Tiedeman Road, Brooklyn Ohio
Job Summary
The AI Risk Lead is responsible for providing strategic first line of defense risk leadership and advisory support for AI Software Engineering. This role oversees the identification, assessment, mitigation, and monitoring of risks associated with GenAI and AI-enabled software delivery, ensuring alignment with enterprise risk management frameworks, internal policies, and applicable regulatory expectations. The position partners with key stakeholders across the organization to embed appropriate controls across the AI software development lifecycle, strengthen governance practices, and support responsible, secure, and compliant AI adoption. The successful candidate will serve as a key risk advisor to leadership, helping to advance scalable engineering practices while maintaining strong control discipline and regulatory readiness.
Essential Functions
  • Own and execute first line of defense (1LOD) risk management for AI Software Engineering, including identification, assessment, mitigation, and ongoing monitoring of risks across the AI development lifecycle
  • Assess and evolve Project Life Cycle (PLC) and Software Development Life Cycle (SDLC) standards to support GenAI use cases, incorporating emerging regulatory expectations and industry best practices
  • Strong partnership with Domain Enablement and Risk teams to define, implement, and maintain control frameworks aligned to AI-specific risks, including:
    • Model risk (validation, performance, drift monitoring)
    • Data risk (quality, lineage, privacy, and usage rights)
    • Bias, fairness, and explainability
    • GenAI/LLM risks (prompt management, hallucination controls, output validation)
    • Third-party / foundation model usage
  • Translate regulatory and policy requirements into actionable engineering controls, ensuring alignment with internal risk frameworks (e.g., Model Risk Management, operational risk) and external regulatory expectations
  • Drive enhancements to SDLC practices, ensuring appropriate controls are embedded across:
    • Versioning, traceability, and reproducibility
    • Testing, deployment, and continuous monitoring
  • Establish and govern AI asset inventory and agent governance frameworks, including:
    • Registration and tracking of AI models and autonomous agents
    • Financial transparency (cost tracking, allocation)
    • Defined authority, decision boundaries, and human oversight controls
  • Partner with Domain Enablement, Engineering, Model Risk Management, Compliance, and Cyber teams to ensure consistent and comprehensive risk coverage across the AI ecosystem
  • Monitor control effectiveness and risk posture, including:
    • Control testing and validation
    • KRIs/KPIs for AI risk
    • Issue identification, escalation, and remediation tracking
  • Act as a trusted advisor to AI Software Engineering leadership, proactively identifying emerging risks, control gaps, and opportunities to strengthen risk-informed delivery
  • Support audit and regulatory engagement, including preparation of documentation, control evidence, and responses for internal audit and regulatory reviews
  • Provide ongoing 1LOD risk advisory and control support to AI Software Engineering team, including real-time engagement throughout the development lifecycle, proactive identification and mitigation of emerging risks, oversight of control execution, and support for issue remediation, audit inquiries, and regulatory reviews
  • Drive awareness for AI engineering teams on risk, control, and regulatory expectations to support responsible and compliant AI adoption

Education
  • Bachelor's Degree (preferred)
  • OR equivalent experience (required)

Work Experience
  • 10+ years of relevant experience (required)

Skills
  • Expert knowledge of processes, tools and techniques for assessing and controlling an organization's exposure to risks of various kinds; ability to apply knowledge of risk management appropriately to diverse situations.
  • Expert knowledge of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
  • Expert knowledge of business process design; ability to develop appropriate techniques to re-examine key processes and focus on optimizing organizational performance.
  • Expert knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.
  • Extensive experience with inter-team collaboration in breaking down silos and achieving business results; ability to lead employees from various functions to communicate, coordinate work across divisions, and collaborate in solving problems as one team.
  • Expert knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
  • Expert knowledge of the necessity and value of accuracy; ability to complete tasks with high levels of precision.
  • Extensive experience with the importance of "big picture" thinking and planning; ability to apply organizational acumen and competitiveness to identify and maintain focus on key success factors for the organization.
  • Expert knowledge of effective team building techniques; ability to form and manage effective teams.
  • Expert knowledge of concepts, methods, and processes of internal control; ability to create, implement, evaluate and enhance processes in internal controls.
  • Extensive experience in regulatory environments

Core Competencies
  • All KeyBank employees are expected to demonstrate Key's Values and abide by Key's Code of Conduct.

Physical Demands
  • General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Work Location Category
  • Hybrid (3+ days)

COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $96,000.00 - $181,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 08/28/2026KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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About KeyBank

Sourced by ZipRecruiter

Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849

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