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Operational Risk Manager Jobs in Madison, WI (NOW HIRING)

Robert Half

Database Administrator

Middleton, WI · On-site

$54 - $62/hr

... can manage database reliability, strengthen performance, and help maintain secure, efficient ... minimize operational risk. * Partner with application and infrastructure teams to support ...

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Operational Risk Manager information

See Madison, WI salary details

$47.4K

$121.6K

$238.8K

How much do operational risk manager jobs pay per year?

As of Aug 27, 2026, the average yearly pay for operational risk manager in Madison, WI is $121,626.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,100.00 and $160,200.00 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 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 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 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 Madison, WI look for?

The top searched job categories for Operational Risk Manager jobs in Madison, WI are:

What cities near Madison, WI are hiring for Operational Risk Manager jobs?

Cities near Madison, WI with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Madison, WI as of August 2026, with employment types broken down into 83% Full Time, 14% Part Time, 2% Temporary, and 1% Contract. Highlights an 78% Physical, 2% Hybrid, and 20% Remote job distribution, with an average salary of $121,626 per year, or $58.5 per hour.

Senior Procurement and Risk Manager

Daybreak Foods, Inc.

Lake Mills, WI • On-site

$93K - $126K/yr

Full-time

Re-posted 26 days ago

Daybreak Foods rating

7.4

Company rating: 7.4 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

170th of 443 rated food and drinks producers

Job description

Summary 

The Senior Procurement and Risk Manager is responsible for leading strategic sourcing, supplier risk management, and procurement governance across the organization. This role will oversee the strategic purchasing of bulk and specialty feed ingredients (corn, soybean meal, DDGS, fats/oils, etc.) and managing supplier contracts to ensure a reliable, cost-effective supply for a large layer operation. This role requires strong market awareness, negotiation skills, and close coordination with nutrition, feed mill, and operations teams. The Senior Procurement and Risk Manager will also oversee the Assistant Buyer, who manages the day-to-day purchasing of macro and micro ingredients, and provide guidance on supplier relationships and inventory planning.

Key Responsibilities

Strategic Procurement Leadership

  • Develop and execute enterprise-wide procurement strategies to optimize cost, quality, service, and supply reliability.
  • Lead category management strategies, including supplier segmentation, contracting, and long-term sourcing plans.
  • Drive value creation through cost reduction initiatives, demand management, and total cost of ownership analysis.

Risk Management & Supply Assurance

  • Identify, assess, and mitigate procurement and supply-chain risks, including supplier concentration, market volatility, geopolitical risk, and regulatory exposure.
  • Establish and maintain supplier risk assessment frameworks, contingency plans, and business continuity strategies.
  • Monitor commodity markets, supplier financial health, and external risk indicators to proactively manage exposure.

Supplier Management & Governance

  • Lead supplier selection, qualification, performance management, and relationship development.
  • Negotiate complex, high-value contracts, including pricing structures, risk-sharing mechanisms, and service-level agreements.
  • Ensure compliance with internal procurement policies, ethical sourcing standards, and applicable regulations.

Cross-Functional Collaboration

  • Partner with finance on budgeting, forecasting, hedging strategies, and cost-risk modeling.
  • Collaborate with operations and planning teams to align sourcing strategies with production and inventory needs.
  • Work with legal and compliance teams to manage contract risk, regulatory compliance, and dispute resolution.

Leadership & Process Improvement

  • Provide leadership, mentorship, and development to procurement and risk management team members.
  • Establish and improve procurement processes, controls, and reporting tools.
  • Lead digital procurement initiatives, including ERP, sourcing platforms, and risk-monitoring tools.

Education and/or Experience

Required

  • Bachelor’s degree in supply chain management, Business, Finance, Economics, or related field.
  • 8–10 years of progressive experience in procurement, sourcing, and/or supply chain risk management.
  • Proven experience managing strategic suppliers and complex contracts.
  • Strong understanding of risk management frameworks and commodity or market-based pricing.

Preferred

  • Master’s degree or MBA.
  • Professional certifications (e.g., CPSM, CIPS, CSCP, CRM).
  • Experience in manufacturing, agriculture, food production, or other asset-intensive industries.
  • Experience with hedging, futures, or financial risk management strategies.

Knowledge, Skills and Abilities

  • Strategic thinking and executive-level communication
  • Advanced negotiation and contract management
  • Risk assessment and mitigation
  • Financial and data analysis
  • Leadership and change management

Work Environment

  • Primarily office-based with frequent contact with feed mills, nutrition, and suppliers.
  • Some travel to suppliers, mills, and industry meetings required

What Daybreak Foods employees say

Pay

Hours and flexibility

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