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Operational Risk Manager Jobs in Olympia, WA (NOW HIRING)

DCS Corp

Risk Manager

Joint Base Lewis Mcchord, WA

MA/MS/MBA from an accredited college or university in Operations management, Risk Management, program management, Engineering or related degree with 7 to 10 years of experience as a Risk Manager ...

DCS CORPORATION

Risk Manager

WA · On-site

MA/MS/MBA from an accredited college or university in Operations management, Risk Management, program management, Engineering or related degree with 7 to 10 years of experience as a Risk Manager ...

DCS Corporation

Risk Manager

Tacoma, WA · On-site

MA/MS/MBA from an accredited college or university in Operations management, Risk Management, program management, Engineering or related degree with 7 to 10 years of experience as a Risk Manager ...

PNC Bank

Operations Manager - Trust Operations

Home, WA · On-site +1

Ensure operational controls and procedures are followed to support accurate, compliant, and timely ... Strong attention to detail with the ability to balance risk management and service delivery. This ...

Wells Fargo

Branch Support Manager

Tacoma, WA · On-site

... operational risk Required Qualifications: * 4+ years of Securities industry experience, or ... including managing, coaching and training * Knowledge and understanding of Brokerage Industry ...

Wells Fargo

Branch Support Manager

Tacoma, WA · On-site

... operational risk Required Qualifications: * 4+ years of Securities industry experience, or ... including managing, coaching and training * Knowledge and understanding of Brokerage Industry ...

Archgroup

Director, Multi Line Risk Engineer

Home, WA · Hybrid

$144K - $194K/yr

... operations, exposures, and control adequacy. The position aims to protect the future of the company and ensure profitability through timely delivery of industry-leading safety and risk management ...

Archgroup

Director, Multi Line Risk Engineer

Home, WA · Hybrid

$144K - $194K/yr

... operations, exposures, and control adequacy. The position aims to protect the future of the company and ensure profitability through timely delivery of industry-leading safety and risk management ...

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Operational Risk Manager information

See Olympia, WA salary details

$50.4K

$129.4K

$254.1K

How much do operational risk manager jobs pay per year?

As of Jun 27, 2026, the average yearly pay for operational risk manager in Olympia, WA is $129,434.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,800.00 and $170,500.00 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 Olympia, WA are hiring for Operational Risk Manager jobs? Cities near Olympia, WA with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Risk Manager

Risk Manager

DCS Corp

Joint Base Lewis Mcchord, WA

Full-time

Posted 19 days ago

Job description

DCS is searching for a performance‑driven Risk Manager to support US Army programs. A focus on either Analytical, Financial, logistics, engineering, technical support and/or management of advanced networks for military vehicles and equipment. We’re seeking individuals who are excited to take on meaningful challenges, contribute to innovative solutions, and help shape the future of a fast‑evolving mission space. This position will be supporting multiple locations.

Required Skills:

Due to the sensitivity of customer related requirements, U.S. Citizenship is required.

MA/MS/MBA from an accredited college or university in Operations management, Risk Management, program management, Engineering or related degree with 7 to 10 years of experience as a Risk Manager within the DOD environment.

7 additional years of experience may be substituted for the degree requirement, or an additional 5 years of experience and a BA/BS may be substituted for the degree requirement.

Devise systems and processes to monitor validity of risk modeling outputs.

Evaluate the risks and benefits involved in implementing strategies. Document, and ensure communication of, key risks.

Provide statistical risk modeling advice to other departments.

Maintain input or data quality of risk management systems. Develop contingency plans to deal with emergencies.

Analyze new legislation to determine impact on risk exposure.

Recommend ways to control or reduce risk.

Produce reports or presentations that outline findings, explain risk positions, or recommend changes. Plan, and contribute to development of, risk management systems.

Conduct statistical analyses to quantify risk using statistical analysis software or econometric models.

Certified Logistics Professional certification.

Desired Skills:

Ability to obtain a secret clearance as needed.

DCS logo

About DCS

Sourced by ZipRecruiter

DCS Corp is a renowned name in the technology industry, headquartered in Alexandria, VA, US. Found in the late 1970s, DCS Corp provides a broad spectrum of advanced technology, engineering, and analytic solutions for national security clients. The firm specializes in delivering sophisticated systems and technology for land, air, and maritime platforms. They are known for being deeply committed to their mission of enhancing national security.

Industry

Guided missile and space vehicle manufacturing

Company size

1,001 - 5,000 Employees

Headquarters location

Alexandria, VA, US

Year founded

1977

Social media

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