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Operational Risk Manager Jobs in New Albany, IN (NOW HIRING)

Cherry Bekaert

Risk Advisory Senior Manager

Louisville, KY · On-site +1

$119K - $215K/yr

Lead and manage risk advisory and internal audit engagements, delivering high-quality, client ... Serve as a trusted advisor to clients by understanding business risks, operational challenges, and ...

New

Wood Plc

Senior Risk Assessor

Louisville, KY · On-site +1

Manage tasks of larger projects and track budgets * Under guidance of Project Manager or senior ... We provide consulting, projects and operations solutions in more than 60 countries, employing ...

Papa John's

Manager, Internal Audit

Louisville, KY

$97K - $128K/yr

Lead and execute risk-based internal audits, including operational, financial and compliance audits as well as advisory engagements and special projects. * Assess internal controls over financial ...

HR Power 10

Credit & Risk Analyst

Louisville, KY

... operational involvement, and decision-making authority. Conduct detailed financial reviews ... Exposure Management & Risk Controls Monitor borrower-level exposure, concentration risk, and ...

Invesco

Client Operations Manager

Louisville, KY · Hybrid

$145K - $155K/yr

Identify process improvements, automation opportunities, and operational risk reductions * Provide ... Strong understanding of asset management operations, regulatory requirements, and distribution ...

Sazerac Company

Credit Analyst

Louisville, KY · Hybrid

... Commercial Operations while developing expertise in credit analysis, financial risk management, and business decision-making. This position is hybrid in Louisville, KY. The position plays an ...

Sazerac Company

Credit Analyst

Louisville, KY · On-site

... Commercial Operations while developing expertise in credit analysis, financial risk management, and business decision-making. This position is hybrid in Louisville, KY. The position plays an ...

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Operational Risk Manager information

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$43.5K

$111.7K

$219.3K

How much do operational risk manager jobs pay per year?

As of Jun 18, 2026, the average yearly pay for operational risk manager in New Albany, IN is $111,691.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,000.00 and $147,100.00 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 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 helps ensure organizational resilience and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and mitigates risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop risk management frameworks, monitor key risk indicators, and ensure compliance with regulations to protect the organization’s assets and reputation.

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 benefits. Certifications like FRM or ORM can enhance earning potential in this field.

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.

What are the 5 steps of orm?

In operational risk management (ORM), the five key steps are: identifying risks, assessing their likelihood and impact, implementing controls to mitigate risks, monitoring the effectiveness of these controls, and reviewing and improving the risk management process regularly. These steps help operational risk managers proactively manage potential threats to an organization’s operations.
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What cities near New Albany, IN are hiring for Operational Risk Manager jobs? Cities near New Albany, IN with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Compliance and Risk Manager

Compliance and Risk Manager

Park Community Credit Union

Louisville, KY • On-site

$114K - $121K/yr

Full-time

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Role:
By emphasizing One Park, One Mission, One Team, this role ensures the Credit Union’s policies, procedures, and practices remain aligned with all applicable laws and regulations. It involves proactively monitoring regulatory changes, updating policies, and clearly communicating requirements to support timely and effective implementation across the organization. The position oversees the Compliance program to ensure consistent monitoring and adherence across all areas of the credit union, while also leading Enterprise Risk Management efforts to identify, assess, and manage risk effectively. It administers the Vendor Management Program through ongoing due diligence and risk assessments of key vendors, supports business continuity planning to strengthen operational resilience, and plays a key role in ongoing compliance monitoring. Additionally, the role supports internal and external audits as needed and manages the Medallion Signature Guarantee Program, ensuring appropriate controls and full compliance.
Essential Functions & Responsibilities:
  •  Develops, implements, and monitors a comprehensive compliance program to ensure adherence across all areas of the credit union. Serves as a subject matter expert on consumer finance laws and regulations, identifying control gaps and driving necessary improvements. Oversees compliance efforts, including advertising reviews, policy development, and risk mitigation. Assists with internal and external audits as needed. Provides guidance to departments, supports compliant product and service development, monitors regulatory changes, and manages the Medallion Signature Guarantee Program and the Business Continuity program.
  • Leads the development and ongoing enhancement of the Enterprise Risk Management program, ensuring the implementation of appropriate tools, practices, and policies to effectively identify and mitigate risk. Continuously monitors and evaluates risk across all business units, providing insightful analysis, tracking emerging trends, and escalating key risks to leadership with clear, actionable recommendations.
  • Implements and administers the Vendor Management program for the credit union. Works directly with third-party providers to optimize system capabilities, ensure effective integration, and support ongoing enhancements. Oversee vendor performance and deliverables to ensure alignment with the credit union’s strategic objectives, regulatory requirements, and risk management standards, while maintaining accountability for all work performed under the vendor management plan.
  • Hires, trains, directs, and develops staff; providing feedback and direction on a formal and informal basis. Oversees work assignments with focus on accuracy and attention to detail. Continues to assess staffing needs for compliance and risk areas.
  • Performs other job-related duties as assigned.

Performance Measurements:
1. To be an ambassador of Park's culture supporting the credit union's mission to build thriving communities together ensuring words and actions align with the Park VIBE that defines our Core Values: Vibrant Connections
Inclusive Excellence
Bold Compassion
Endless Empowerment
2. Maintain current knowledge of applicable State and Federal Laws and Industry Regulations to ensure the Credit Union's policies and procedures remain compliant and are adhered to in all areas.
3. Ensure departments and staff are informed of new or revised policies or regulations affecting their compliance within the required time frame as set down by management.
4. Maintain a library of compliance resources to enable employees to educate themselves in relevant areas.
5. Maintain an effective compliance program that reduces risk, strengthens control performance, improves operational efficiency, and fosters a strong culture of compliance across the organization.
6. Keep management informed of key operating issues affecting the credit union or any department.
7. Evaluate, monitor, and maintain the Enterprise Risk Management and Vendor Management programs to ensure the Credit Union remains within the risk framework provided by the Executive Team.
8. To maintain a professional work environment, promote teamwork, build respect among coworkers and present a businesslike appearance
9. To follow all security policies and procedures and report discrepancies or suspicious activity to manager immediately.
10. To follow the credit union’s Bank Secrecy Act and anti-money laundering policies and procedures, including running OFAC searches, completing investigative reports of suspicious activity and currency transaction reports timely and without error.
Knowledge and Skills:
Experience Five years to eight years of similar or related experience.
Education (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., Compliance/Risk certifications in lieu of a degree).
Interpersonal Skills Strong ability to communicate compliance requirements clearly and effectively. Must demonstrate collaboration, training, and influencing skills across all levels of the organization. Work involves extensive personal contact with others and is usually of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Discretion is of the utmost importance. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
Other Skills Knowledge of credit union operations, consumer compliance regulations, and BSA/AML requirements. Familiarity with quality assurance functions. Strong analytical and problem-solving skills with high attention to detail. Excellent communication skills, both written and oral. Attention to detail and interpretation of legal regulations.
Physical Requirements
WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this position. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions. While performing the essential duties of this position, the employee is regularly exposed to a general office environment and interaction with customers. PHYSICAL DEMANDS The physical demands described here are representative of those required to successfully perform the essential functions of this position, but do not necessarily constitute an exhaustive list of all essential functions. To the extent required by any applicable law, reasonable accommodations will be made to enable qualified individuals with disabilities to perform essential functions where this can be done without posing a direct threat to self or others. While performing the essential duties of this position, the employee frequently must sit, stand, and walk short distances. The employee frequently uses hands and fingers to count currency and handle, manipulate, and feel objects, documents, and office tools and equipment. Reads, writes, listens, speaks, and uses personal computers, copiers, telephones, and other office equipment and software throughout the work day. The employee is occasionally required to stoop, bend, squat, and reach overhead with hands and arms. Occasionally pushing and pulling of office furniture and other objects. The employee may occasionally lift and/or move up to 15 pounds and on occasion lift and/or move up to 25 pounds.
 
Park Community Credit Union is an Equal Opportunity Employer/ Veterans/ Disabled

Compensation details: 114000-121000 Yearly Salary


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