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Operational Risk Manager Jobs in Reading, PA (NOW HIRING)

Cherry Bekaert

Risk Advisory Senior Manager

Morgantown, PA · 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 ...

Cherry Bekaert

Risk Advisory Senior Manager

Reading, PA · 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 ...

Fulton Bank

Fraud Risk Governance Program Manager

PA · Remote

$91K - $151K/yr

This role partners closely with Fraud Risk Management (FRM) operations, Second Line of Defense (Risk Management and Compliance), and Internal Audit to ensure fraud activities are well-governed ...

Fulton Bank

Fraud Risk Governance Program Manager

PA · Remote

$91K - $151K/yr

This role partners closely with Fraud Risk Management (FRM) operations, Second Line of Defense (Risk Management and Compliance), and Internal Audit to ensure fraud activities are well-governed ...

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All JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Reading, PA

Operational Risk Manager information

See Reading, PA salary details

$45.1K

$115.9K

$227.6K

How much do operational risk manager jobs pay per year?

As of Jun 21, 2026, the average yearly pay for operational risk manager in Reading, PA is $115,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,600.00 and $152,700.00 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 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 Reading, PA are hiring for Operational Risk Manager jobs? Cities near Reading, PA with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you

Risk Manager - Commercial Insurance / Loss Control

The Gallagher Search Group

Allentown, PA • On-site

$110K - $135K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 25 days ago

Job description

Risk Manager – Commercial Insurance / Loss Control

Help Companies Reduce Risk, Improve Safety, and Protect What They’ve Built


Our client is a well-respected and growing organization in the commercial insurance and risk management space, partnering with businesses across a wide range of industries to help identify exposures, reduce losses, and create safer, more effective operations.


They are seeking an experienced Risk Manager to join their team in a highly visible, consultative role working directly with commercial clients, insurance carriers, brokers, and internal leadership. This is an excellent opportunity for someone who enjoys being both strategic and hands-on—analyzing risk, improving safety performance, and helping clients proactively manage complex operational exposures.


This is not simply a compliance-focused position. The right individual will act as a trusted advisor, helping clients strengthen their operations while improving the long-term performance of their insurance and risk management programs.


What You’ll Be Doing

-Conduct on-site and virtual risk assessments for commercial clients across a variety of industries

-Identify operational, liability, property, casualty, and financial risk exposures

-Develop practical risk mitigation and loss control strategies that improve safety and reduce claims activity

-Analyze claims and loss trends to uncover patterns and recommend proactive solutions

-Partner with clients, brokers, carriers, and internal teams to strengthen overall risk management performance

-Assist with claims oversight, advocacy, and cost containment efforts when needed

-Deliver training seminars, webinars, and educational presentations on industry trends, safety initiatives, and emerging risks

-Maintain detailed reports, recommendations, and follow-up documentation related to inspections and risk assessments

-Support compliance initiatives, audits, and regulatory requirements tied to risk and insurance programs

What We’re Looking For

-5+ years of experience in commercial insurance, risk management, loss control, safety, or related areas

-Strong understanding of commercial insurance programs and risk financing concepts

-Experience working directly with commercial clients, insurance carriers, and brokers preferred

-Ability to identify operational risks and communicate practical solutions effectively

-Strong analytical, communication, and presentation skills

-Comfortable working independently while managing multiple projects and client relationships

-Experience interpreting claims data, loss trends, and policy language

-Proficiency with Microsoft Office and risk management systems

Preferred Credentials


The following certifications are highly valued, though not required:


ARM (Associate in Risk Management)

CPCU (Chartered Property Casualty Underwriter)

CRM (Certified Risk Manager)

CSP (Certified Safety Professional)

Why This Opportunity Stands Out


This organization has built a strong reputation for being consultative, responsive, and committed to helping clients proactively manage risk—not simply react to claims after they occur.


Leadership values professionals who can build relationships, think strategically, and bring practical solutions to clients facing increasingly complex operational and insurance challenges.


For the right individual, this role offers:


-strong long-term growth potential

-exposure to a diverse client base and industries

-a collaborative and respected team environment

-the ability to make a direct impact on client outcomes and organizational performance

Compensation & Benefits

-Competitive compensation package based on experience

-Performance incentives

-Comprehensive health, dental, and vision coverage

-Retirement plan with employer contribution

-Professional development and certification support

-Flexible mix of office, client-facing, and field-based work


If you are looking for an opportunity where you can combine technical expertise, relationship management, and strategic problem-solving while helping businesses operate more safely and effectively, we would welcome the opportunity to speak with you.