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Operational Risk Manager Jobs in Ossining, NY (NOW HIRING)

Macquarie Group Limited

VP, Operational Risk

New York, NY · On-site

$161K - $217K/yr

Additional office locations New York Job ID 22296 Date 25-Aug-2026 Permanent - Full time, Mid-level Job category Risk Management Share The Risk Management Group's Operational Risk team provides ...

Career Launch AI

Risk Manager

New York, NY · On-site

$140K - $185K/yr

Position Overview The Risk Manager is responsible for identifying, analyzing, and mitigating financial, operational, and market risks across the firm's trading and investment activities. This role ...

New

TEKsystems

Risk Manager

White Plains, NY · On-site

$78 - $86.21/hr

Analyze operational risks associated with equipment, product quality, transportation, contractors, and supply chain activities. Develop risk mitigation recommendations based on data analytics and ...

Premium Technology

Operational Risk VP

New York, NY

The incumbent will be responsible for the oversight of the operational risk management framework and program including IT risk management, business continuity planning. The VP will be responsible for ...

Betterment

Risk Manager

New York, NY · Hybrid

$140K - $155K/yr

The team partners closely with Engineering and with other risk disciplines including Security, Compliance, Legal, and Operations. As a Risk Manager, you will own a portfolio of risk processes ...

Betterment

Risk Manager

New York, NY · On-site

$140K - $155K/yr

The team partners closely with Engineering and with other risk disciplines including Security, Compliance, Legal, and Operations. As a Risk Manager, you will own a portfolio of risk processes ...

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Operational Risk Manager information

See Ossining, NY salary details

$49.5K

$127.1K

$249.5K

How much do operational risk manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for operational risk manager in Ossining, NY is $127,060.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,400.00 and $167,400.00 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 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 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 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 Ossining, NY look for?

The top searched job categories for Operational Risk Manager jobs in Ossining, NY are:

What cities near Ossining, NY are hiring for Operational Risk Manager jobs?

Cities near Ossining, NY with the most Operational Risk Manager job openings:

Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Ossining, NY as of August 2026, with employment types broken down into 86% Full Time, 13% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $127,060 per year, or $61.1 per hour.

Compliance & Operational Risk Manager - Global Markets

New York, NY • On-site

Bank of America
Finance and Insurance • 10K+ employees
Learn more about Bank of Americaexternal

Full-time

PTO

Re-posted 27 days ago

Bank Of America rating

8.3

Company rating: 8.3 out of 10

Based on 537 frontline employees who took The Breakroom Quiz

49th of 176 rated banks

Job description

Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively "the Policies"), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.
Responsibilities:
  • Assesses risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations
  • Engages in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
  • Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
  • Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
  • Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines
  • Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks
  • Reviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage
  • Provide real-time support to the Global Credit Front-Line Unit ("FLU") with regards to the rules of the relevant products, markets and venues, and other relevant laws, rules and regulations, including internal policies, as applicable to the Global Markets Business.
  • Develop an effective working relationship with Front Line Unit personnel and other internal departments, such as Legal, Operations, Financial Crimes Compliance, and Regulatory Reporting.
  • Assist with responding to and coordinating regulatory inquiries.
  • Participate in the review and challenge of business activities in line with BofA Global Compliance and Operational Risk Program.
  • Participate, as required, in internal investigations into potential breaches of regulatory/venue requirements or Firm policy.
  • Participate, as required, in department initiatives in respect of regulatory/market developments and impact analysis on the firm's business and support groups.
  • Assist with the review of new business initiatives, including non-standard transactions.
  • Review and assess activity which is escalated by Enterprise Independent Testing through surveillance activity undertaken and/or escalated directly by the FLU for potential market misconduct.
  • Work closely with other regional Compliance and Operational Risk teams to ensure consistency in approach and best practices.
  • Review/update Compliance and Operational Risk Policies and ensure they are consistent with global and local regulatory practices.
  • Assist with the development of new and/or update existing Monitoring and Testing items for the Compliance and Operational Risk Program from a local and global perspective.
  • Assist with the development and delivery of Compliance and Operational Risk training, both face-to-face and on-line.
  • Keep abreast of regulatory change/developments

Required Qualifications:
  • Minimum of seven years of relevant experience
  • May require regulatory examination/registration or certification, depending on jurisdiction and role
  • Strong knowledge of fixed income markets, including swaps/derivatives products and services
  • Excellent inter-personal and communication skills, including strong verbal and written communications, and be a strong and confident presenter
  • High attention to detail, diligence and conscientiousness
  • Ability to work in a dynamic and fast-paced trading floor environment

Desired Qualifications:
  • Bachelor's Degree in a related field
  • Experience in financial services and/or a similarly regulated sector
  • Strong experience in dealing with regulator and exchange inquiries and exams
  • Strong understanding of market misconduct laws, rules and regulations, as well as applicable surveillance controls
  • Strong understanding of SEC, FINRA and CFTC rules and regulations
  • Operational Risk Management preferably with fixed income product knowledge experience is advantageous

Skills:
  • Advisory
  • Monitoring, Surveillance, and Testing
  • Regulatory Compliance
  • Reporting
  • Risk Management
  • Critical Thinking
  • Influence
  • Interpret Relevant Laws, Rules, and Regulations
  • Issue Management
  • Policies, Procedures, and Guidelines Management
  • Credible Challenge
  • Decision Making
  • Negotiation
  • Process Management
  • Written Communications

Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$97,200.00 - $195,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

What Bank Of America employees say

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About Bank Of America

Sourced by ZipRecruiter

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

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