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Operational Risk Manager Jobs in Santa Clara, CA

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Operational Risk Manager information

See Santa Clara, CA salary details

$55.2K

$141.8K

$278.3K

How much do operational risk manager jobs pay per year?

As of Aug 10, 2026, the average yearly pay for operational risk manager in Santa Clara, CA is $141,761.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,300.00 and $186,700.00 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 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 most commonly searched types of Operational Risk jobs in Santa Clara, CA? The most popular types of Operational Risk jobs in Santa Clara, CA are:
What are popular job titles related to Operational Risk Manager jobs in Santa Clara, CA? For Operational Risk Manager jobs in Santa Clara, CA, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Santa Clara, CA look for? The top searched job categories for Operational Risk Manager jobs in Santa Clara, CA are:
What cities near Santa Clara, CA are hiring for Operational Risk Manager jobs? Cities near Santa Clara, CA with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Santa Clara, CA as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 19% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $141,761 per year, or $68.2 per hour.

Senior Construction Specialties Risk Engineering Consultant

Zurich Insurance Group

San Jose, CA • On-site, Remote

Full-time

Re-posted 19 hours ago


Job description

Senior Construction Specialties Risk Engineering Consultant: Arizona or California. 

Zurich is currently looking for a Senior Construction Specialties Risk Engineer for the Builders Risk Line of Business. This is a work from home virtual role with a periodic office presence, to reside within the above noted area. Ideally, candidates would be located near a major airport.  The role includes a company car with expected travel of 25-30%.


You will be responsible for leveraging Zurich's risk engineering tools and services to improve customer risk and facilitate general account management of customers who purchase Zurich Construction's Builder's Risk Insurance product. You will be responsible for managing business partner relationships within the region. Risk Engineering services will include remote and onsite surveys and risk assessments of construction companies and projects to include large data centers and the energy sector, as well as the overall operations review of existing and prospective customers. Risk Engineers also provide technical support to customers, underwriters and the claims department by identifying improvement strategies, preparing external reporting to the marketplace, preparing internal reports which form the basis of underwriting, claims and other insurance decisions to identify and manage risk.


Final candidates will be subject to a Motor Vehicle Record background check as this position includes a company car.


Basic Qualifications:

We select team players who are strategic thinkers, creative, confident and self-motivated. In addition, you must possess:

  • Bachelor's Degree with 6 or more years of experience in the Construction, Engineering, or Risk Consulting field
    OR
  • High School Diploma or Equivalent and 8 or more years of experience in the Construction, Engineering, or Risk Consulting field
    OR
  • Zurich Certified Apprentice, including an Associates degree and 6 or more years of experience in the Risk Engineering area
    AND
  • Experience working in a team environment 


Preferred Qualifications:

 

  • Have a high level of computer literacy and be proficient in Microsoft Office
  • Be experienced working in both independent and team environments
  • Bachelor's degree in either Engineering, Construction Management, Building Technology, or equivalent
  • 20 or more years of combined experience in Construction Management/Project Management/Engineering consulting
  • Construction experience with an advanced level of knowledge of construction processes, quality management and associated risks and exposures
  • Experience with data center construction
  • Experience in energy projects (i.e. solar panel installations, geothermal power plants, hydroelectric dams, biomass power plants, nuclear power stations and SMR's, power transmission lines, energy storage facilities)
  • Knowledge of NFPA 70E Standards
  • Hazard identification & mitigation skills; analytical aptitude
  • Knowledge of project cost/scheduling and supply chains in construction
  • Knowledge of Zurich Construction Builder's Risk Insurance product
  • Awareness of Construction Workforce and Economic issues
  • Intermediate knowledge of exposures, controls and best practice risk improvement methodologies
  • Capable of public speaking, presentation skills, developing programs to address industry needs and marketing/consulting services for fee
  • Comfortable with technology, building information modeling, and standard computer software programs and communication applications
  • Professional certifications: CCM, P.E., PMP, AIA, LEED AP, etc.
  • Excellent interpersonal, communication and consulting skills
  • Strong leadership and management skills
  • Advanced Technical Writing skills
  • Advanced Microsoft Office skills, iOS/iPad Skills, Virtual Consulting
  • Willingness to embrace the Zurich Basics, including our values of integrity, Sustainability, Customer Centricity, Excellence and Teamwork

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply-your unique background matters to us. The pay range shown is a national average and may vary by location. The proposed Salary range for this position is $100,200.00 - $164,100.00, with short-term incentive bonus eligibility set at 15%.

 

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

 

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment-so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500.

Join us for a brighter future-for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code 1033.

 

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Los Angeles, AM - San Francisco, AM - California Virtual Office, AM - Arizona Virtual Office, AM - Sacramento, AM - Phoenix, AM - San Diego, AM - Pasadena, AM - Scottsdale, AM - San Jose, AM - Riverside, AM - San Bernardino
Remote Working: Yes
Schedule: Full Time
Employment Sponsorship Offered: No  
Linkedin Recruiter Tag: #LI-AW1 #LI-ASSOCIATE #LI-REMOTE