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Operational Risk Manager Jobs in New Castle, DE (NOW HIRING)

Sallie_mae

Senior Director, Model Risk

Newark, DE

... risk, operational risk, and other areas that rely on models for decision-making. What You'll Do ... Collaborate with key stakeholders, including senior management, model owners, and regulators, to ...

Sallie Mae

Senior Director, Model Risk

Newark, DE · On-site

$150 - $230/hr

What You'll ContributeThe Senior Director, Model Risk will be responsible for leading and managing ... risk, operational risk, and other areas that rely on models for decision-making.What You'll ...

Sallie Mae

Senior Director, Model Risk

Newark, DE · On-site

... risk, operational risk, and other areas that rely on models for decision-making. What You'll Do ... Collaborate with key stakeholders, including senior management, model owners, and regulators, to ...

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All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in New Castle, DE

Operational Risk Manager information

See New Castle, DE salary details

$45.4K

$116.7K

$229.1K

How much do operational risk manager jobs pay per year?

As of Aug 10, 2026, the average yearly pay for operational risk manager in New Castle, DE is $116,705.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,100.00 and $153,700.00 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 New Castle, DE look for? The top searched job categories for Operational Risk Manager jobs in New Castle, DE are:
What cities near New Castle, DE are hiring for Operational Risk Manager jobs? Cities near New Castle, DE with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in New Castle, DE as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $116,705 per year, or $56.1 per hour.

Senior Director, Model Risk

SMB Shared Services, Inc.

Newark, DE • On-site

$180 - $280/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago

Job description

Role Overview

The Senior Director, Model Risk will lead and manage the model risk management team, overseeing model risk across financial modeling, credit risk, operational risk, and other areas that depend on decision‑making models.

Key Responsibilities
  • Develop and implement a robust model risk assessment framework.
  • Conduct comprehensive model risk assessments, including validation, calibration, and benchmarking.
  • Collaborate with senior management, model owners, and regulators to communicate model risk activities and findings.
  • Establish and enforce model governance policies, procedures, and standards.
  • Collaborate with cross‑functional teams to develop and maintain model risk management policies and guidelines.
  • Ensure compliance with regulatory requirements and industry standards related to model risk management.
  • Oversee the validation process to maintain the independence and integrity of the validation function.
  • Review and evaluate model validation reports, ensuring they accurately reflect risks.
Qualifications
  • Strong knowledge of quantitative modeling techniques, statistical analysis, and risk management principles.
  • In‑depth understanding of regulatory requirements, industry guidelines, and best practices related to model risk management.
  • Excellent leadership and people‑management skills, with a proven record of driving results.
  • Exceptional communication and presentation skills for both technical and non‑technical audiences.
  • Strong analytical and problem‑solving abilities with keen attention to detail.
Preferred Experience
  • Analytics in Python, SAS, SQL and expertise with BI tools (Tableau, Power BI, Microsoft Office).
  • Advanced degree (Ph.D., M.S., or equivalent) in a quantitative field such as mathematics, statistics, economics, or related disciplines.
  • 10+ years of experience in model risk management or related fields within the financial industry.
Benefits
  • Competitive base salary
  • Bonus incentives
  • Generous PTO, floating holidays, and 12 federal holidays
  • 401(k) with employer match
  • Comprehensive medical, dental, vision, hospital indemnity, critical illness, and pet insurance
  • Employer‑paid short‑term and long‑term disability and basic life insurance
  • Flexible hybrid working arrangements
  • Paid parental leave and adoption reimbursement programs
  • On‑site fitness centers (in Delaware) and gym subsidy (outside Delaware)
  • Confidential counseling support (EAP), health advocacy services, and wellness program with financial incentives
  • Tuition reimbursement and family scholarship programs
  • Career development and training opportunities
Equal Opportunity & Legal Notices

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers in compensation and employment opportunities against qualified individuals with disabilities. Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. For assistance, please call (855) 756‑2007 and choose option 9. All information you provide will be kept confidential and used only to the extent required to provide needed reasonable accommodations.

Sallie Mae is proud to be an equal‑opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, veteran status, or any other characteristic protected by federal, state, or local law.

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