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

First Business Bank

Underwriting Associate

Madison, WI · Hybrid

$19.75 - $27/hr

Experience reviewing financial statements, credit reports, collateral quality, or operational risk factors * High attention to detail and the ability to manage multiple transactions and priorities

First Business Bank

Underwriting Associate

Madison, WI · Hybrid

$19.75 - $27/hr

Experience reviewing financial statements, credit reports, collateral quality, or operational risk factors * High attention to detail and the ability to manage multiple transactions and priorities

UW Credit Union

Treasury Risk Analyst III

Madison, WI · On-site

Database Management/Maintenance: maintain database to enhance operational efficiency and stay ... Risk Management: monitor and communicate key metrics and risks related to interest rates, liquidity ...

UW Credit Union

Treasury Risk Analyst III

Madison, WI · On-site

$81.30K - $101.20K/yr

Database Management/Maintenance: maintain database to enhance operational efficiency and stay ... Risk Management: monitor and communicate key metrics and risks related to interest rates, liquidity ...

UW Credit Union

Treasury Risk Analyst II

Madison, WI · On-site

$71.30K - $88.40K/yr

... liquidity management, product pricing, and overall balance sheet strategy for the Credit Union ... Collaborate with Mortgage Lending, Mortgage Operations, Accounting, and vendors to ensure data ...

UW Credit Union

Treasury Risk Analyst II

Madison, WI

... liquidity management, product pricing, and overall balance sheet strategy for the Credit Union ... Collaborate with Mortgage Lending, Mortgage Operations, Accounting, and vendors to ensure data ...

UW Credit Union

Treasury Risk Analyst II

Madison, WI

... liquidity management, product pricing, and overall balance sheet strategy for the Credit Union ... Collaborate with Mortgage Lending, Mortgage Operations, Accounting, and vendors to ensure data ...

First Business Bank

Underwriting Associate

Madison, WI · On-site +1

$19.75 - $27/hr

Experience reviewing financial statements, credit reports, collateral quality, or operational risk factors * High attention to detail and the ability to manage multiple transactions and priorities

Faith Technologies

Low Voltage Foreman

Madison, WI · On-site

All job site employees participate and drive safety initiatives such as tool-box talks and operational risk management meetings to proactively identify safe practices for our people. Our crews rely ...

Faithtechnologies

Low Voltage Foreman

Madison, WI

All job site employees participate and drive safety initiatives such as tool-box talks and operational risk management meetings to proactively identify safe practices for our people. Our crews rely ...

blueStone

IT Security Manager

Janesville, WI · On-site

The Security Manager will enterprise network security controls and processes that support risk management, operational controls, and governance processes. In addition: Research, recommend, and ...

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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 Jun 2, 2026, the average yearly pay for operational risk manager in Madison, WI is $121,644.00, 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 are popular job titles related to Operational Risk Manager jobs in Madison, WI? For Operational Risk Manager jobs in Madison, WI, the most frequently searched job titles are:
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 May 2026, with employment types broken down into 84% Full Time, 15% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $121,644 per year, or $58.5 per hour.
Major Incident Engineer

Major Incident Engineer

Intelliswift Software

Madison, WI • On-site

$60/hr

Full-time

Posted 24 days ago

Job description

Job ID: 26-01197
Pay rate range - $60/hr. to $65/hr. Job Description
The Problem Management Engineer is responsible for leading and maturing the Problem Management function to prevent incident recurrence, reduce operational risk, and improve service resiliency.
This role owns the quality and effectiveness of root cause analysis, ensures permanent fixes are validated, and drives continuous improvement across IT services in alignment with ITIL best practices.
This position requires a strong technical background to credibly engage engineering teams, challenge root cause conclusions, and ensure solutions are durable, evidence based, and measurable.
Problem Management Leadership
Lead and oversee the end to end Problem Management lifecycle, including detection, logging, classification, investigation, resolution, validation, and closure
Ensure problems are closed only when defined closure criteria are met, including validated resolution, preventive controls, and monitoring improvements
Prevent premature or superficial closure of problems by enforcing quality and evidence standards
Root Cause Analysis & Technical Oversight
Lead and validate structured Root Cause Analysis (RCA) using methodologies such as 5 Whys, Fishbone, and fault tree analysis
Challenge assumptions and ensure true root causes are identified for major incidents and recurring issues
Review and validate the technical feasibility and effectiveness of permanent fixes
Cross Functional Collaboration
Partner closely with Incident Management, Change Management, Resiliency/Reliability Engineering, and Service Owners
Coordinate permanent fixes through formal change processes
Work with vendors and external partners to track dependencies and ensure accountability
Governance, Metrics & Reporting
Establish and enforce Problem Management governance and quality standards
Track and report on key metrics, including overdue problems, SLA compliance, recurrence trends, and systemic risks
Provide clear, actionable updates and insights to senior leadership and executive forums
Knowledge & Continuous Improvement
Maintain and improve the Known Error Database (KEDB) and Problem related Knowledge Articles
Identify opportunities for proactive problem management, automation, and improved monitoring and alerting
Continuously refine Problem Management processes, tools, and standards to increase effectiveness and efficiency
Required Qualifications
Strong understanding of ITIL Problem Management processes and best practices
Proven experience leading or performing Root Cause Analysis in complex technical environments
Technical background (infrastructure, applications, cloud, or enterprise platforms) sufficient to engage and challenge engineering teams
Hands on experience with ServiceNow or comparable enterprise ITSM platforms
Strong communication and stakeholder management skills, including executive level communication
Ability to analyze trends, identify systemic risk, and drive proactive improvements
Preferred Qualifications
ITIL Foundation certification or higher
Experience in large scale enterprise environments
Experience supporting Major Incident or executive outage review forums
Familiarity with automation, observability, and proactive problem management techniques
Experience working with vendors and external service providers
Intelliswift logo

About Intelliswift

Sourced by ZipRecruiter

Intelliswift is consumed with the love for the new. Once a leading staffing company, Intelliswift now possesses the expertise to build data-rich modern platforms, and to create sophisticated systems for data management and analytics for thinking and connected enterprises. We are a global leader in delivering Digital Product Engineering, Data Management & Analytics, Cloud, Digital Enterprise and MSP/VMS staffing solutions. Led by a team of highly passionate and techno-centric innovators, we consciously embed the spirit of loving and embracing everything new in what we do. We ardently believe that companies that Love the New are at an advantage of being ahead of the curve in this age of digital.

Industry

It services

Company size

1,001 - 5,000 Employees

Headquarters location

Newark, CA, US

Year founded

2001

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