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Operational Risk Manager Jobs in Saint Louis, MO

Philanthropy opportunities Position Overview The Risk Management Administrator assists the Vice President of Risk Management in daily operation of department. Key Responsibilities * Reviews Owner ...

Develop the Risk program guidance and instruction to establish the NWM Risk Management Team as the facilitators of Agency operational and mission risk. * Lead risk management forums both internal and ...

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Operational Risk Manager information

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$45.7K

$117.4K

$230.4K

How much do operational risk manager jobs pay per year?

As of Jul 20, 2026, the average yearly pay for operational risk manager in Saint Louis, MO is $117,353.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,500.00 and $154,600.00 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.

What are the most commonly searched types of Operational Risk jobs in Saint Louis, MO? The most popular types of Operational Risk jobs in Saint Louis, MO are:
What are popular job titles related to Operational Risk Manager jobs in Saint Louis, MO? For Operational Risk Manager jobs in Saint Louis, MO, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Saint Louis, MO look for? The top searched job categories for Operational Risk Manager jobs in Saint Louis, MO are:
What cities near Saint Louis, MO are hiring for Operational Risk Manager jobs? Cities near Saint Louis, MO with the most Operational Risk Manager job openings:
Manager, HR Compliance & Operational Excellence

Manager, HR Compliance & Operational Excellence

Bayer

Creve Coeur, MO

Other

Medical, Dental, Vision, Retirement, PTO

Posted 4 days ago


Bayer rating

8.2

Company rating: 8.2 out of 10

Based on 69 frontline employees who took The Breakroom Quiz

29th of 74 rated pharmaceutical


Job description

At Bayer we're visionaries, driven to solve the world's toughest challenges and striving for a world where 'Health for all Hunger for none' is no longer a dream, but a real possibility. We're doing it with energy, curiosity and sheer dedication, always learning from unique perspectives of those around us, expanding our thinking, growing our capabilities and redefining 'impossible'. There are so many reasons to join us.

If you're hungry to build a varied and meaningful career in a community of brilliant and diverse minds to make a real difference, there's only one choice. Manager, HR Compliance & Operational Excellence YOUR TASKS AND RESPONSIBILITIES The primary responsibilities of this role, Manager, HR Compliance & Operational Excellence are to: The Manager, HR Compliance & Operational Excellence will provide strategic oversight of HR compliance governance across North America HR Foundations. The role strengthens Bayer's License to Operate by improving governance, reducing risk, simplifying processes, and modernizing how compliance work is delivered across Payroll, Benefits, HR Operations, Legal, Finance, Tax, and external partner interfaces.

This leader will help shift the organization from manually intensive, person-dependent compliance execution toward clearer ownership, better process design, stronger documentation, increased automation, and responsible use of AI-enabled tools. The successful candidate will be comfortable operating across ambiguity, influencing stakeholders without direct authority, and translating complex compliance requirements into practical, scalable operating models. Compliance Governance & Risk Management Provide strategic oversight of HR compliance activities across North America HR Foundations.

Maintain end-to-end visibility across critical compliance obligations, controls, audits, regulatory touchpoints, and emerging risks. Establish governance frameworks that clarify accountability and ownership across HR, Payroll, Benefits, Legal, Finance, Tax, and related functions. Assess and strengthen preventive and detective controls to support compliance with applicable federal, state, provincial, and local requirements.

Serve as a trusted advisor during internal and external audits and help establish consistent audit response frameworks. Identify control gaps, process fragmentation, ownership ambiguity, and single points of failure; drive sustainable remediation plans. Operational Excellence & Process Transformation Lead continuous improvement initiatives that improve quality, reduce risk, eliminate waste, and simplify employee and HR partner experiences.

Apply Lean, process improvement, design thinking, and operational excellence methodologies to modernize compliance-related processes. Redesign workflows to reduce complexity, minimize handoffs, and eliminate unnecessary manual activity. Build scalable operating models that reduce key-person dependency and improve organizational resilience.

Strengthen documentation standards, knowledge management practices, and cross-training expectations across critical compliance processes. Partner with functional owners to transition selected operational activities into Payroll and Benefits where ownership more naturally aligns. Automation, Digitization & AI Enablement Champion the use of automation, workflow technology, analytics, and artificial intelligence to improve compliance outcomes and reduce manual effort.

Identify opportunities to replace manual checks with system-enabled prevention, intelligent monitoring, and exception-based controls. Partner with HR Technology, Workday, Payroll, Benefits, Digital, and Operational Excellence teams to design scalable technology-enabled solutions. Apply emerging AI capabilities to improve process documentation, knowledge management, risk identification, employee support, and operational decision support.

Promote responsible experimentation with AI and automation while maintaining appropriate governance, privacy, data quality, and compliance discipline. Build a culture of curiosity, continuous learning, and practical innovation around future-of-work capabilities. Cross-Functional Leadership Partner closely with Payroll, Benefits, HR Business Partners, Legal, Finance, Tax, Internal Audit, and external vendors or advisors.

Influence stakeholders across a complex matrix environment without relying solely on formal authority. Facilitate alignment across multiple functions involved in compliance-related activities and controls. Lead governance forums, stakeholder discussions, and executive-ready updates on compliance priorities, operational risk, and modernization progress.

Translate complex compliance, audit, and process topics into clear recommendations and practical action plans. Workforce Capability & Organizational Resilience Develop and implement strategies that reduce single points of failure across critical compliance work. Establish knowledge transfer, documentation, and cross-training plans for critical processes and stakeholder relationships.

Coach leaders and teams on compliance ownership, governance expectations, audit readiness, and operating discipline. Support organizational transformation as North America HR Foundations evolves its operating model and modernizes service delivery. WHO YOU ARE Bayer seeks an incumbent who possesses the following: Required Qualifications: Progressive experience in HR Compliance, HR Operations, Payroll, Benefits, Risk Management, Governance, Operational Excellence, or a related discipline; Demonstrated success leading process redesign, governance improvement, or organizational transformation initiatives; Strong understanding of U.S

HR compliance requirements and governance frameworks; ability to learn and navigate cross-border U.S./Canada implications; Working knowledge of ERISA governance, pension and savings plan oversight, Form 5500 processes, SPD controls, employment tax interfaces, I-9 governance, and regulatory audit management; Experience partnering with Legal, Audit, Tax, Payroll, Benefits, Finance, HR Operations, and external advisors; Strong analytical, problem-solving, and systems-thinking capabilities; Excellent executive communication, stakeholder management, facilitation, and influencing skills; Comfort operating in ambiguity and leading through change in a matrixed environment. Preferred Qualifications: Experience supporting both U.S. and Canadian HR compliance environments; Bachelor's degree in Human Resources, Business Administration, Finance, Legal Studies, Public Policy, Risk Management, or a related field; Experience with Workday or comparable HR technology ecosystems; Experience applying Lean, Six Sigma, Operational Excellence, Process Management, Design Thinking, or similar methodologies; Experience implementing automation, workflow tools, analytics, AI-enabled solutions, or digital process improvements; Vendor governance or external advisor management experience

Employees can expect to be paid a salary between $115,520 to $173,280. Additional compensation may include a bonus or commission (if relevant). Additional benefits include health care, vision, dental, retirement, PTO, sick leave, etc.

This salary range is merely an estimate and may vary based on an applicant's location, market data/ranges, an applicant's skills and prior relevant experience, certain degrees and certifications, and other relevant factors. This posting will be available for application until at least 8/3/2026. YOUR APPLICATION Bayer offers a wide variety of competitive compensation and benefits programs.

If you meet the requirements of this unique opportunity, and want to impact our mission Health for all, Hunger for none, we encourage you to apply now. Be part of something bigger. Be you.

Be Bayer. To all recruitment agencies: Bayer does not accept unsolicited third party resumes. Bayer is an Equal Opportunity Employer/Disabled/Veterans Bayer is committed to providing access and reasonable accommodations in its application process for individuals with disabilities and encourages applicants with disabilities to request any needed accommodation(s) using the contact information below.

Equal Opportunity Employer Statement: Notice for U.S. Visitors: All information on this site is subject to compliance with local rule and regulations as they may vary from time to time and across different geographies, including, without limitation, U.S. Executive Orders

Bayer is an E-Verify Employer. Location: United States : Missouri : Creve Coeur || United States : Missouri : St. Louis || United States : Residence Based : Residence Based Division: Enabling Functions Reference Code: 876754 Contact Us Email: hrop_usa@bayer.com


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About Bayer

Sourced by ZipRecruiter

Bayer is a global enterprise with core competencies in the life science fields of healthcare and nutrition. We design our products and services to help people and planet thrive by supporting efforts to address the unprecedented global challenges presented by a growing and aging global population. At Bayer, we’re committed to drive sustainable development and generate a positive impact with our businesses. Through bold ideas and unprecedented insights, we’re pioneering new possibilities that advance life for all of us. That means reimagining how we care for ourselves and one another by empowering everyday health, improving approaches to patient care, and finding better ways to nourish our communities around the world.

Industry

Agriculture

Company size

10,000+ Employees

Headquarters location

Whippany, NJ, US