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Operational Risk Manager Jobs in New Haven, CT (NOW HIRING)

M&T Bank

Branch Manager

Cromwell, CT · On-site

Manages all activities of a branch. Responsible for the overall success of the branch operating ... Adheres to applicable compliance/operational risk controls in accordance with Company or regulatory ...

M&T Bank

Branch Manager

Cromwell, CT

Manages all activities of a branch. Responsible for the overall success of the branch operating ... Adheres to applicable compliance/operational risk controls in accordance with Company or regulatory ...

M&T Bank

Branch Manager - New Haven, CT

New Haven, CT · On-site

Manages all activities of a branch. Responsible for the overall success of the branch operating ... Adheres to applicable compliance/operational risk controls in accordance with Company or regulatory ...

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All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in New Haven, CT

Operational Risk Manager information

See New Haven, CT salary details

$47.3K

$121.4K

$238.3K

How much do operational risk manager jobs pay per year?

As of Jul 30, 2026, the average yearly pay for operational risk manager in New Haven, CT is $121,390.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,900.00 and $159,900.00 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.

More about Operational Risk Manager jobs
What job categories do people searching Operational Risk Manager jobs in New Haven, CT look for? The top searched job categories for Operational Risk Manager jobs in New Haven, CT are:
What cities near New Haven, CT are hiring for Operational Risk Manager jobs? Cities near New Haven, CT with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in New Haven, CT 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 $121,390 per year, or $58.4 per hour.

Risk, Compliance & Controls Analyst

lbank

Middletown, CT

Other

Posted 7 days ago

Job description

At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment. 

 

SUMMARY OF THE JOB: 

The Risk & Compliance Analyst – Retail Lending is responsible for supporting the identification, assessment, monitoring, and mitigation of regulatory and operational risks across the retail lending portfolio. This role partners closely with lending, credit, operations, and audit teams to ensure compliance with applicable consumer protection regulations and internal policies throughout the retail lending lifecycle.

The ideal candidate brings strong regulatory knowledge, analytical skills, and experience in consumer lending environments, with the ability to translate regulatory requirements into practical business controls.

ESSENTIAL FUNCTIONS:

  • Strengthen first line of defense capabilities for Retail Lending Fulfillment, ensuring adherence to internal controls, policies, and regulatory requirements
  • Oversee HMDA governance by ensuring accurate data collection, reporting, and ongoing compliance with regulatory requirements through strong controls, monitoring, and issue remediation.
  • Identify emerging risks by managing Key Risk Indicators
  • Monitor and assess operational, compliance, and creditrelated risks across underwriting, processing, closing, and postclosing activities
  • Design, document, and maintain key controls, including control testing, issue tracking, and remediation plans
  • Conduct appraisal compliance and risk reviews to ensure adherence to regulatory requirements, internal policies, and valuation standards,
  • identifying deficiencies and driving timely issue remediation
  • Partner with Fulfillment, Compliance, Risk, Legal, and Audit teams to identify gaps and reduce operational risk
  • Support bankwide initiatives by translating regulatory and policy changes into actionable fulfillment controls
  • Perform quality reviews and trend analysis to identify emerging risks, root causes, and systemic issues
  • Own and maintain risk metrics, dashboards, and reporting for leadership review
  • Coordinate responses to internal audits, regulatory exams, and compliance reviews, including evidence collection and followup
  • Ensure consistent process documentation and control alignment as the organization scales and evolves
  • Provide guidance and training to leaders and teammates on risk awareness, control execution, and compliance expectations

 

Minimum knowledge/skills:

  • Bachelor’s degree in finance, Business, Accounting, Economics, Risk Management, or a related field or equivalent work experience.
  • 5+years of experience in risk management, compliance, audit, or lending operations within a banking or financial services environment
  • Experience supporting retail or consumer lending products (e.g., personal loans, credit cards, auto loans, mortgages, HELOCs); in highvolume or growthoriented consumer lending environments.
  • Handson exposure to compliance testing, monitoring, or quality assurance in lending.
  • Exposure to CFPB examination readiness.
  • Strong understanding of consumer lending regulations
  • Experience analyzing loan or risk data and identifying trends
  • Strong attention to detail and documentation skills.
  • Effective written and verbal communication.
  • Ability to explain regulatory concepts to non-technical audiences
  • Strong critical thinking and sound risk judgment.
  • Proven ability to manage multiple priorities in a fast-paced environment.
  • Proficiency in Microsoft Excel (pivot tables, lookups, data analysis).
  • Experience with SQL, BI tools, SAS, or Python is a plus
  • Familiarity with GRC tools (e.g., Archer, ServiceNow GRC, Riskonnect) preferred.
  • Relevant certifications preferred:
    • CRCM
    • CRCMP
    • CAMS (if applicable)
    • Fair Lending or auditrelated certifications

PHYSICAL REQUIREMENTS: 

  • General Office Equipment
  • Keyboard Dexterity
  • Prolonged Sitting

COMPLIANCE:

Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.

Liberty Bank is an Equal Opportunity employer.  It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

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