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Operational Risk Manager Jobs in Silver Spring, MD

Monex

Senior Credit Risk Manager

Washington, DC · On-site

$100K - $140K/yr

Senior Credit Risk Manager Location: Washington, D.C.; (Hybrid, 4 days in office, after first 90 ... Work closely with Treasury and Operations regarding liquidity and funding impacts Process ...

EagleBank

US-MD-Bethesda

Bethesda, MD · Hybrid

$114K - $192K/yr

The Operational Risk Manager drives and supports the Operational Risk Management framework, to enable the Bank to effectively identify, monitor, measure, and control its operational risk profile.

ECS

Senior Risk Manager

Falls Church, VA · On-site

The WDP focuses on operational warfighting data and aims to accelerate the deployment of artificial ... In this role, the Senior Risk Manager integrates structured risk management processes into day-to ...

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 ...

Deloitte

Financial Risk Manager

Mclean, VA

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

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Operational Risk Manager information

See Silver Spring, MD salary details

$48.6K

$124.8K

$245K

How much do operational risk manager jobs pay per year?

As of Jun 22, 2026, the average yearly pay for operational risk manager in Silver Spring, MD is $124,783.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,000.00 and $164,400.00 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 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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Operational Risk Manager jobs near you
Risk Manager

Risk Manager

By Light Professional IT Services LLC

Mclean, VA • On-site

Other

Posted 4 days ago

Job description

Company Overview

By Light Professional IT Services LLC readies warfighters and federal agencies with technology and systems engineered to connect, protect, and prepare individuals and teams for whatever comes next. Headquartered in McLean, VA, By Light supports defense, civilian, and commercial IT customers worldwide. 

Position Overview

Our By Light Implementation team, the premier provider of innovative Information Technology (IT) services and communications support to the Department of Defense and Federal Agencies is growing. We're increasing our team to support the US Army Comprehensive Modernization (COMPMOD).  The program includes conducting survey and design, engineer, furnish, install, secure, and test (EFIS&T) solutions to include non-secure internet protocol router (NIPR), secure internet protocol router (SIPR), Wi-Fi, Voice over Internet Protocol (VoIP), Inside Plant (ISP), Outside Plant (OSP), and Voice Modernization at  U.S. Army Base/Post/Camp/Station (B/P/C/S) across the Continental United States (CONUS).  

We have an opening for a Project Risk Manager primarily responsible for supporting COMPMOD operations teams and leadership to evaluate and mitigate financial and performance risks on the projects. The ideal candidate has experience in networking risk management, is detail-oriented, organized, high-performing, and has strong customer service skills. This position supports COMPMOD PMO office and Project Managers in the field across several locations.

Responsibilities
  • Assist in the development, implementation, and maintenance of internal compliance programs, policies, procedures and reporting
  • Conduct risk assessments of daily site tasks and prepare risk mitigation plans
  • Support operations team members and serve as the subject matter expert on risk management, risk mitigation planning, and develop company resources and trainings to assist with contract execution
  • Manage risk mitigation plans related to the contract
  • Designs project plans, which identify needs and define major tasks and milestones, based on scope, resources, budget, and personnel.
  • Coordinates the development of new systems and/or applications projects, the modification of existing systems or applications, or changes in current methods or techniques
  • Establish or review policies, procedures and tools for monitoring performance risks, and establish reporting regarding the same.
  • Other duties as assigned
Required Experience/Qualifications
  • Bachelor's Degree required, preferably in computer science or related technical field, risk management, or network management
  • Hands-on, highly organized, and resourceful, with a willingness to own tasks
  • Collaborative professional with strong project management skills and the ability to understand how cross-functional pieces fit together to support the broader business.
  • Willingness to learn key contractual, financial, and legal concepts to assist with contract execution
  • Confidence in collaborating with internal teams and third parties via varied communication channels.
  • Ability to prioritize while working in a fast-paced environment with multiple hard deadlines and long-term projects
  • Proficiency in Microsoft Office Suite, including Excel, is required
  • Excellent communication and customer service skills are required
Preferred Experience/Qualifications
  • Minimum of 5 years of experience in network risk management, accounting, contracts administration or network project management
  • Experience working with the Army
Special Requirements/Security Clearance
  • Active Secret Clearance
  • Travel to installation locations as needed
Employment Type: OTHER

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