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Operational Risk Manager Jobs in Severn, MD (NOW HIRING)

Deloitte

Financial Risk Manager

Baltimore, MD · On-site

Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology ... Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of ...

EagleBank

Fraud Risk Manager

Silver Spring, MD · Hybrid

$104K - $173K/yr

Responsibilities The Fraud Risk Manager manages the operations of the fraud investigations department and the supervision of its staff. They develop policies and procedures to prevent fraud ...

EagleBank

Fraud Risk Manager

Silver Spring, MD · On-site

$104K - $173K/yr

Responsibilities The Fraud Risk Manager manages the operations of the fraud investigations department and the supervision of its staff. They develop policies and procedures to prevent fraud ...

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All JobsOperational Risk JobsOperational Risk Manager JobsOperational Risk Manager Jobs in Severn, MD

Operational Risk Manager information

See Severn, MD salary details

$52.2K

$134.2K

$263.5K

How much do operational risk manager jobs pay per year?

As of Jul 12, 2026, the average yearly pay for operational risk manager in Severn, MD is $134,186.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,700.00 and $176,800.00 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.

More about Operational Risk Manager jobs
What are popular job titles related to Operational Risk Manager jobs in Severn, MD? For Operational Risk Manager jobs in Severn, MD, the most frequently searched job titles are:
What cities near Severn, MD are hiring for Operational Risk Manager jobs? Cities near Severn, MD with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Severn, MD as of July 2026, with employment types broken down into 86% Full Time, and 14% Part Time. Highlights an 100% In-person job distribution, with an average salary of $134,186 per year, or $64.5 per hour.
Associate Risk Manager

Associate Risk Manager

Kennedy Krieger Institute

Baltimore, MD

$83K - $149K/yr

Full-time

Re-posted 9 days ago

Kennedy Krieger Institute rating

7.9

Company rating: 7.9 out of 10

Based on 19 frontline employees who took The Breakroom Quiz

Job description

The Associate Risk Manager is responsible for identifying, evaluating, and mitigating risks that could impact patient safety, staff well-being, regulatory compliance, and organizational operations. The position interfaces with the regulatory, safety and quality staff in identifying safety and quality opportunities and promoting a safety and quality culture. They will demonstrate sound judgment and utilize clinical practice and risk management knowledge to support a culture of safety and minimize legal and financial exposure.


1. Identify potential risks related to patient care, clinical processes, operations, and environment.
2. Review and investigate adverse events, sentinel events, and near-miss occurrence, ensuring appropriate action plans as needed.
3. Monitor trends in incidents, claims, and near misses.
4. Recommend corrective actions by performing root cause analyses (RCA) and proactive risk assessments.
5. Collaborate with interdisciplinary and departmental teams to enhance patient safety initiatives and implement risk reduction strategies
6. Participate in departmental, medical staff, and institutional committees.
7. Collaborate with the Legal Risk Coordinator and Legal Counsel to assist staff with various risk matters including complex patient issues, guardianship and custody issues, legal document review and testimony for legal matters.
8. Develop and deliver staff education on risk management and safety


QUALIFICATIONS:
• Certification in Healthcare Risk Management (CPHRM) or Nurse Legal Certification from an accredited/recognized institution highly preferred.
• Certified Professional in-Patient Safety (CPPS) highly preferred.


EDUCATION:
• Bachelor’s degree in Nursing, Healthcare Administration, Public Health, or related field required.
• Master's Degree preferred


EXPERIENCE:
Five years of experience in healthcare risk management or patient safety is required.


USD $83,483.92/Yr.
USD $149,453.82/Yr.

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