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Operational Risk Manager Jobs in Midlothian, VA (NOW HIRING)

Primary focus will be to manage Operational and Model Risk Operations as well as policy governance activities. 4. Execute processes that drive ORM reporting to ensure transparency of operational and ...

Stay current on the changing regulatory environment impacting Operational Risk Management and leverage data and technology to proactively identify risks, trends and/or process improvements * Monitor ...

Stay current on the changing regulatory environment impacting Operational Risk Management and leverage data and technology to proactively identify risks, trends and/or process improvements * Monitor ...

Collaborate effectively with senior leadership across organizations such as Operational Risk Management, Compliance, Legal, Technology, Internal Audit, Regulatory Relations, etc. Basic Qualifications:

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Operational Risk Manager information

See Midlothian, VA salary details

$44.5K

$114.3K

$224.5K

How much do operational risk manager jobs pay per year?

As of Jul 31, 2026, the average yearly pay for operational risk manager in Midlothian, VA is $114,348.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,600.00 and $150,600.00 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 job categories do people searching Operational Risk Manager jobs in Midlothian, VA look for? The top searched job categories for Operational Risk Manager jobs in Midlothian, VA are:
What cities near Midlothian, VA are hiring for Operational Risk Manager jobs? Cities near Midlothian, VA with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Midlothian, VA as of July 2026, with employment types broken down into 84% Full Time, 14% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $114,348 per year, or $55 per hour.

Risk Manager, Operational Risk Management

Capital One

Richmond, VA

Full-time

Posted 3 days ago

New


Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 146 frontline employees who took The Breakroom Quiz

91st of 170 rated banks


Job description

Risk Manager, Operational Risk Management

As a Manager for Capital One's Operational Risk Analytics, Innovation, and Reporting team, you will apply your strong communication skills, analytical expertise, and business knowledge to our highest profile programs and processes across Risk Management. You will collaborate with a team of risk leaders, analysts, technology, and data partners in support of our risk reporting, risk appetite assessment, and metric governance execution.

The Operational Risk Analytics, Innovation, and Reporting team plays a key role in analyzing and reporting Capital One's operational risk performance to Senior Executives and the Board. The team is responsible for delivering structured reporting to Risk Executives, as well as developing data-driven insights to inform strategic risk management decisions and practices. The Manager role will also support other key risk reporting activities (e.g. risk identification and aggregation, metric governance and curation, and risk appetite) to enhance the clarity and effectiveness of the Company's operational risk profile.

Managers at Capital One are highly motivated Risk Management professionals with strong communication skills and analytical expertise. They have a high level of exposure across lines of business to create and implement innovative solutions to identify and mitigate potential risks to the company.

Responsibilities:

  • Drive execution of our process, standards, and procedures across quarterly reporting (enterprise and division-level operational risk reports, metric collection, risk appetite, etc.)

  • Lead end to end metric governance processes, including metric curation, metric maturity and suitability assessments, and executive reporting

  • Seen as a trusted stakeholder to address audits, exams, and assessments with operational risk reporting impact

  • Identify and enhance existing monitoring and governance reporting routines, with an eye for process improvement and "ways to work better."

  • Comfortable with operating in ambiguity, and demonstrate proactiveness in identifying and implementing solutions

Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 5 years of risk management or corporate strategy experience

  • At least 5 years of communications or program management experience

  • At least 5 years of experience supporting, partnering and interacting with internal business clients

  • At least 3 years of experience in reporting and analyzing data

Preferred Qualifications:

  • 6+ years of communications or program management experience

  • 4+ years of financial services risk management experience

  • 3+ years of drafting and presenting deliverables to high level leadership

  • Data risk management experience

  • Strong analytical, problem solving and critical thinking skills

  • Familiarity with Tableau, Quicksight, and other Enterprise reporting platforms

  • Familiarity with large financial institution products and services

  • Acute attention to detail

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $151,900 - $173,400 for Risk Manager


Richmond, VA: $138,100 - $157,700 for Risk Manager










Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).


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