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Operational Risk Manager Jobs in Maricopa, AZ (NOW HIRING)

Professional Recruiters

Sr It Risk Manager

Tempe, AZ · On-site

Sr. IT Risk Manager The Sr. IT Risk Manager will play a key role in the ongoing technology ... Expertise in IT operations and security control domains (including application security, change ...

Professional Recruiters

Sr It Risk Manager

Tempe, AZ · On-site

Sr. IT Risk Manager The Sr. IT Risk Manager will play a key role in the ongoing technology ... Expertise in IT operations and security control domains (including application security, change ...

Servbank

AVP, Banking Risk & Controls

Phoenix, AZ · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

Servbank

AVP, Banking Risk & Controls

Phoenix, AZ · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

Fairygodboss

Risk Reporting - Vice President

Tempe, AZ · On-site

$120 - $160/hr

As a Liquidity Risk Reporting Vice President in the Corporate Treasury Middle Office (CTMO), part ... data operations, balance sheet analysis, and/or asset and liability or liquidity management.

Okland Construction Co., Inc.

Risk Director

Phoenix, AZ · On-site

As Risk Director, you'll lead the enterprise-wide risk management program - from insurance strategy ... Operations, helping Okland proactively identify, mitigate, and manage risks across all areas of the ...

OMC

Risk Director

Phoenix, AZ · On-site

As Risk Director, you'll lead the enterprise-wide risk management program -- from insurance ... Operations, helping Okland proactively identify, mitigate, and manage risks across all areas of the ...

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All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Maricopa, AZ

Operational Risk Manager information

See Maricopa, AZ salary details

$45.9K

$117.8K

$231.3K

How much do operational risk manager jobs pay per year?

As of Aug 10, 2026, the average yearly pay for operational risk manager in Maricopa, AZ is $117,781.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,700.00 and $155,100.00 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 Maricopa, AZ look for? The top searched job categories for Operational Risk Manager jobs in Maricopa, AZ are:
What cities near Maricopa, AZ are hiring for Operational Risk Manager jobs? Cities near Maricopa, AZ with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Maricopa, AZ 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 $117,781 per year, or $56.6 per hour.

Senior Model Risk Manager

Western Alliance Bank

Phoenix, AZ

Full-time

Medical, Dental, Retirement

Posted 20 days ago

Job description

Job Title:

Senior Model Risk Manager

Location:

CityScape

What you'll do:

As a Senior Model Risk Manager you'll provide effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities. You'll develop, implement, and maintain a robust model risk management framework, ensuring it aligns with industry best practices and regulatory requirements. You'll oversee and conduct model validation activities, including assessing model accuracy, stability, and suitability for intended use. You'll establish and maintain model governance policies and procedures as well as communicate model risk information to stakeholders, including senior management, business units, and regulators.
  • Analyze model data, identify trends, and interpret results to inform risk management decisions.
  • Work collaboratively with model developers, business users, and other stakeholders to ensure effective model risk management.
  • Prepare model risk information reports and any other ad-hoc reports as required and develop risk management controls and procedures.
  • Employ techniques and practices that will identify, measure and mitigate model risks.
  • Lead and develop a team; responsible for hiring, coaching, performance management, training and development.

What you'll need:

  • 8+ years of related experience in Finance (GL Mgmt., Public Reporting, Analysis) or similar field.
  • Masters or MBA in related field required; PhD in related field preferred.
  • Previous leadership experience preferred.
  • Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Advanced to expert knowledge of formal methodologies and disciplines for credit risk modeling at a financial institution regulated by the OCC or Federal Reserve.
  • Advanced to expert knowledge of stress testing concepts and related regulatory guidance (such as the Fed Letter SR11-7).
  • Advanced speaking and writing communication skills.
  • Occasional travel required.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation

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