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

Align sourcing strategies with operational requirements and business objectives. * Support continuous improvement initiatives across the supply chain. Market Intelligence & Risk Management * Monitor ...

Align sourcing strategies with operational requirements and business objectives. * Support continuous improvement initiatives across the supply chain. Market Intelligence & Risk Management * Monitor ...

Align sourcing strategies with operational requirements and business objectives. * Support continuous improvement initiatives across the supply chain. Market Intelligence & Risk Management * Monitor ...

PMO Manager

Sun Prairie, WI · On-site

$105 - $115/hr

This is a highly dynamic role that balances strategic oversight with hands-on operational ... Risk, Audit & Quality Management Coordinate with Risk, Governance, and Performance Management teams ...

Consistently identify credit and operational risk and suggest mitigating factors when needed ... Help Loan Operations Manager and Loan Admins prepare for internal and external audits and exams.

Low Voltage Technician

Madison, WI

$21 - $28.50/hr

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 ...

Senior Credit Analyst

Madison, WI · On-site

$38.39 - $42.50/hr

Consistently identify credit and operational risk and suggest mitigating factors when needed ... Help Loan Operations Manager and Loan Admins prepare for internal and external audits and exams.

... and risk mitigation strategies * Support equipment installation, validation, and operational ... Strong project management experience, including planning, scheduling, resource allocation, and ...

Low Voltage Technician

Madison, WI

$21 - $28.50/hr

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 ...

Low Voltage Technician

Madison, WI · On-site

$21 - $28.50/hr

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 ...

Consistently identify credit and operational risk and suggest mitigating factors when needed ... Help Loan Operations Manager and Loan Admins prepare for internal and external audits and exams.

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Showing results 1-20

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 Jul 14, 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 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 is essential for effective risk oversight and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop strategies to mitigate these risks, ensure compliance with regulations, and often use risk management tools and data analysis to support decision-making.

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 certifications like FRM or ORM enhancing earning potential.

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 three C's of operational risk management?

The three C's of operational risk management are Culture, Controls, and Communication. These elements help organizations identify, assess, and mitigate risks effectively, which is essential for an Operational Risk Manager to ensure operational resilience and compliance. Developing strong controls and fostering a risk-aware culture are key skills in this role.

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 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:
Cybersecurity Engineer - PAM (Hybrid)

Cybersecurity Engineer - PAM (Hybrid)

American Family Mutual Insurance Company Si

Madison, WI • Hybrid

$80K - $131K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 3 days ago


American Family Insurance rating

7.7

Company rating: 7.7 out of 10

Based on 134 frontline employees who took The Breakroom Quiz

183rd of 281 rated insurance


Job description

As a Cybersecurity Engineer with American Family Insurance, you will primarily be responsible for creating PAM (Privileged Access Management) solutions. You will also develop a framework, roadmap, and program optimization. Additionally, you will work on process engineering, risk remediation, and mitigation of operational risk. To achieve this, you will introduce technology, requirements, deliverables, gaps, and systems design in a high-velocity culture. Analyze competitive strategies, cyber technologies, metrics models, and performance indicators.
You will report to the Senior Manager, Cybersecurity.
Role not eligible for sponsorship. Not open to relocation.
#LI-Hybrid

Position Compensation Range:

$80,000.00 - $131,000.00

Pay Rate Type:

Salary

Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

Primary Responsibilities:

  • Participate in the development, integration, and testing of cyber product
  • Research, engineer, and integrate new security solution
  • Perform Cyber Identity incident triage, determine potential impact, and identify specific vulnerability
  • Participate in the development and maintenance of security system and solution
  • Build relationship with peers throughout the company through collaborative engineering operations.
  • Participate in the design and implementation of automated solution to meet security need
  • Demonstrate strong understanding of Privileged Access Management (PAM) solution
  • Collaborate with IT and business team to identify, assess, and mitigate cybersecurity risk
  • Maintain documentation, procedure, and standard related to IAM cybersecurity operation
  • Develop system-security measure to ensure PAM cybersecurity is fully integrated
  • Manage, analyze, and respond to changing system and data access needs for the company and clients

Specialized Knowledge & Skills Requirements:

  • Demonstrated experience providing customer-driven solution, support, or service
  • Basic knowledge and understanding of software engineering architecture, system/software design, and system deployment
  • Basic knowledge and understanding of Cyber Security, Cyber Engineering, Computer Science, Software Engineering
  • Basic knowledge and understanding of security technology and application development methodology
  • Demonstrated experience performing cyber threat analysis and incident response
  • Working knowledge of penetration testing
  • Solid knowledge and understanding of directory service and identity store

Preferred Qualifications:

  • Professional certification such as CISSP, CISM, CompTIA Security+, or similar
  • Experience with cloud security and hybrid environment
  • Hands on experience with identity governance, technical script writing and automation.
  • Bachelor's degree in Cybersecurity, Information Technology, Computer Science, or related field; OR minimum 5 years professional experience in cybersecurity
  • Minimum 3 years hands-on experience in Privileged Access Management (PAM)
  • Minimum 3 years' experience in Identity and Access Management (IAM)
  • Experience in network security and infrastructure management
  • Solid understanding of security framework, best practice, and regulatory requirement.
  • Python and PowerShell.

Licenses:

Not Applicable.

Travel Requirements

Up to 10%.

Physical Requirements

Work that primarily involves sitting/standing.

Working Conditions

Not Applicable.

Additional Information
  • To ensure a strong start, all employees participate in our New Employee Orientation during their first week. This experience is held in person at our Madison, WI Headquarters or one of our AmFam core locations to help you connect with our mission, meet key team members and build relationships that support your growth. At times, sessions may be delivered virtually based on scheduling and availability.
  • Offer to selected candidate will be made contingent on the results of applicable background checks
  • Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions
  • Sponsorship will not be considered for this position unless specified in the posting

In this hybrid role you will be expected to work a minimum of 10 days per month out of the Madison, WI, Boston, MA, Hopkins, MN or Englewood, CO offices.

We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

American Family Insurance is committed to the full inclusion of all qualified individuals. If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email AskHR@AmFam.com to request a reasonable accommodation.

#LI-AB1

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